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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q2
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 168,601172,970251,743272,485274,134
Cash and cash equivalents 64,54959,80273,214105,580137,871
Short-term investments 104,052113,168178,529166,905136,263
Receivables 171,239168,879181,482181,258165,526
Prepaid expense 12,39615,46111,86816,783 
Other undisclosed current assets 34,61331,87535,69429,97842,551
Total current assets: 386,849389,185480,787500,504482,211
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization      2,416
Operating lease, right-of-use asset 12,65713,70111,38111,06511,927
Property, plant and equipment 43,19842,09240,36639,890 
Long-term investments and receivables 45,33944,82865,95178,76170,803
Long-term investments 45,33944,82865,95178,76170,803
Intangible assets, net (including goodwill) 84,29685,17986,04687,63789,039
Goodwill 63,06363,06363,06363,06363,063
Intangible assets, net (excluding goodwill) 21,23322,11622,98324,57425,976
Deferred income tax assets 37,04634,83135,63735,73541,254
Other noncurrent assets 21,08923,79025,59827,55622,906
Other undisclosed noncurrent assets      32,643
Total noncurrent assets: 243,625244,421264,979280,644270,988
TOTAL ASSETS: 630,474633,606745,766781,148753,199
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 156,209173,327169,970186,553201,242
Interest and dividends payable1,334
Taxes payable13,105
Employee-related liabilities15,487
Accounts payable 125,724140,918137,759147,653128,622
Accrued liabilities 30,48532,40932,21138,90042,694
Deferred revenue 6,8326,6076,4566,6986,105
Debt 5931,0251,5171,7582,004
Derivative instruments and hedges, liabilities      2,908
Other undisclosed current liabilities 102,89286,21997,270105,09653,650
Total current liabilities: 266,526267,178275,213300,105265,909
Noncurrent Liabilities
Long-term debt and lease obligation    62549,605
Finance lease, liability    6254593
Liabilities, other than long-term debt 27,54228,20926,63227,25717,297
Other liabilities 17,60217,24217,74218,81217,297
Operating lease, liability 9,94010,9678,8908,4459,012
Other undisclosed noncurrent liabilities 118,000118,000235,994235,746235,407
Total noncurrent liabilities: 145,542146,209262,632263,257262,309
Total liabilities: 412,068413,387537,845563,362528,218
Equity
Equity, attributable to parent 218,406220,219207,921217,786224,981
Common stock 6161606060
Treasury stock, value (62,419)(56,700)(55,523)(49,168)(42,394)
Additional paid in capital 465,401462,209458,726455,831452,558
Accumulated other comprehensive loss (11,798)(12,004)(10,713)(9,913)(11,161)
Accumulated deficit (172,839)(173,347)(184,629)(179,024)(174,082)
Total equity: 218,406220,219207,921217,786224,981
TOTAL LIABILITIES AND EQUITY: 630,474633,606745,766781,148753,199

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q2
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues 230,015225,800231,774257,966229,017
Cost of revenue (183,625)(181,779)(190,619)(209,877)(187,103)
Cost of goods and services sold (173,224)(171,224)(179,576)(198,724)(176,347)
Gross profit: 46,39044,02141,15548,08941,914
Operating expenses (43,770)(51,680)(50,465)(51,759)(48,987)
Operating income (loss): 2,620(7,659)(9,310)(3,670)(7,073)
Nonoperating income (expense) (1,098)23,0041,9932,4331,275
Investment income, nonoperating   1,241  
Interest and debt expense (1,456)22,594(1,867)(1,877)(1,924)
Income (loss) from continuing operations before equity method investments, income taxes: 6637,939(9,184)(3,114)(7,722)
Other undisclosed income (loss) from continuing operations before income taxes 1,456(22,594)1,8671,8771,924
Income (loss) from continuing operations before income taxes: 1,52215,345(7,317)(1,237)(5,798)
Income tax expense (benefit) (1,014)(4,063)1,712(6,512)1,174
Income (loss) from continuing operations: 50811,282(5,605)(7,749)(4,624)
Loss before gain (loss) on sale of properties:(4,624)
Net income (loss) available to common stockholders, basic: 50811,282(5,605)(7,749)(4,624)
Dilutive securities, effect on basic earnings per share   765   
Net income (loss) available to common stockholders, diluted: 50812,047(5,605)(7,749)(4,624)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q2
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss): 50811,282(5,605)(7,749)(4,624)
Other comprehensive income (loss) 206(1,291)(800)1,248(3,950)
Comprehensive income (loss), net of tax, attributable to parent: 7149,991(6,405)(6,501)(8,574)

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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