Filing Flows › TechTarget (TTGT) › Q3 2025
TechTarget (TTGT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
TechTarget (TTGT) reported revenue of $122M for the third quarter 2025 (Q3 2025), +94% from a year earlier and +2% from the quarter before. Operating margin was -88.2%, net loss $76.8M (62.8% of revenue).
TechTarget, Q3 2025: revenue $122M (+94% year over year), operating margin -88.2%, net loss $76.8M, operating cash flow −$9.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | +2% | +94% |
| Operating profit | −$108M | — | — |
| Net earnings | −$76.8M | — | — |
| Operating cash flow | −$9.1M | -720% | — |
What changed
Revenue was $122.3M in Q3 2025, up 94% year over year and up 2% from the previous quarter. Marketing Advertising Services and Sponsorship was the largest line at 74% of revenue. Marketing Advertising Services and Sponsorship added $54.5M year over year (up 154%), 92% of the total change. Exhibitor and Attendee declined 45%.
Gross margin was 61.3%, down 0.8 points from a year earlier. Operating costs exceeded revenue by $107.9M, an operating margin of -88.2%. Operating expenses grew 242% against revenue growth of 94%. The fastest-growing cost line was Other operating costs (+573%). The quarter ended with a net loss of $76.8M, narrower than the previous quarter's $398.7M loss.
Operating cash flow was −$9.1M. Non-cash charges added back $26.3M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $33.7M. Capital expenditures of $131K exceeded it, leaving free cash flow of −$9.3M.
Questions
What was TechTarget's revenue in the third quarter 2025?
TechTarget (TTGT) reported revenue of $122M for the third quarter 2025 (Q3 2025), +94% from a year earlier and +2% from the quarter before.
Was TechTarget profitable in the third quarter 2025?
Operating loss was $108M (-88.2% of revenue) and net loss $76.8M.
Source: TechTarget 10-Q on SEC EDGAR.