Outbrain Inc. (OB) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 WEST 19TH STREET
NEW YORK, NY 10011
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments272,485455,397
Cash and cash equivalents105,580455,397
Short-term investments166,905 
Receivables181,258192,814
Prepaid expense16,783 
Other undisclosed current assets29,97827,873
Total current assets:500,504676,084
Noncurrent Assets
Operating lease, right-of-use asset11,065 
Property, plant and equipment39,89028,008
Long-term investments and receivables78,761 
Long-term investments78,761 
Intangible assets, net (including goodwill)87,63738,600
Goodwill63,06332,881
Intangible assets, net (excluding goodwill)24,5745,719
Deferred income tax assets35,73532,867
Other noncurrent assets27,55620,331
Total noncurrent assets:280,644119,806
TOTAL ASSETS:781,148795,890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities186,553200,489
Interest and dividends payable3,094
Employee-related liabilities23,331
Accounts payable147,653160,790
Accrued liabilities38,90013,274
Deferred revenue6,6984,784
Debt1,758 
Other undisclosed current liabilities105,09683,222
Total current liabilities:300,105288,495
Noncurrent Liabilities
Long-term debt and lease obligation 254 
Finance lease, liability 254 
Liabilities, other than long-term debt27,25714,620
Other liabilities18,81214,620
Operating lease, liability8,445 
Other undisclosed noncurrent liabilities235,746236,000
Total noncurrent liabilities:263,257250,620
Total liabilities:563,362539,115
Equity
Equity, attributable to parent217,786256,775
Common stock6058
Treasury stock, value(49,168)(16,504)
Additional paid in capital455,831434,945
Accumulated other comprehensive loss(9,913)(4,474)
Accumulated deficit(179,024)(157,250)
Total equity:217,786256,775
TOTAL LIABILITIES AND EQUITY:781,148795,890

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Revenues992,0821,015,630
Cost of revenue(799,429)(775,370)
Cost of goods and services sold(757,321)(743,579)
Gross profit:192,653240,260
Operating expenses(206,201)(205,704)
Operating income (loss):(13,548)34,556
Nonoperating income (expense)(5,025)(49,091)
Loss, foreign currency transaction, before tax (2,100)(3,300)
Interest and debt expense(7,625)(3,964)
Income (loss) from continuing operations before equity method investments, income taxes:(26,198)(18,499)
Other undisclosed income (loss) from continuing operations before income taxes7,6253,964
Income (loss) from continuing operations before income taxes:(18,573)(14,535)
Income tax expense (benefit)(6,008)25,530
Income (loss) from continuing operations:(24,581)10,995
Income before gain (loss) on sale of properties:10,995
Net income (loss) available to common stockholders, basic:(24,581)10,995
Dilutive securities, effect on basic earnings per share  
Net income (loss) available to common stockholders, diluted:(24,581)10,995

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Net income (loss):(24,581)10,995
Other comprehensive income (loss)(5,439) 
Comprehensive income (loss):(30,020)10,995
Other undisclosed comprehensive loss, net of tax, attributable to parent  (184)
Comprehensive income (loss), net of tax, attributable to parent:(30,020)10,811

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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