Financial Statements — CRTO
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.32 | 0.21 | 0.29 | 0.21 | 0.22 | 0.27 | 0.19 | 0.22 | 0.31 | 0.31 | 0.56 | 0.59 | 0.50 | 0.49 | 0.52 |
| Short-term Investments | 0.03 | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.03 | 0.05 | 0.05 | 0.02 |
| Accounts Receivable | 0.45 | 0.67 | 0.65 | 0.65 | 0.63 | 0.61 | 0.62 | 0.57 | 0.55 | 0.58 | 0.49 | 0.48 | 0.44 | 0.44 | 0.42 |
| Total Current Assets | 0.94 | 1.03 | 1.08 | 1.14 | 1.14 | 1.16 | 1.07 | 1.06 | 1.13 | 1.05 | 1.19 | 1.23 | 1.10 | 1.09 | 1.06 |
| Property, Plant & Equipment | 0.16 | 0.13 | 0.11 | 0.12 | 0.12 | 0.12 | 0.13 | 0.14 | 0.15 | 0.11 | 0.12 | 0.13 | 0.15 | 0.16 | 0.17 |
| Goodwill | 0.53 | 0.53 | 0.52 | 0.53 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.60 | 0.32 | 0.33 | 0.33 | 0.33 | 0.32 |
| Intangible Assets | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.17 | 0.18 | 0.18 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.08 |
| Total Non-current Assets | 1.13 | 1.09 | 1.04 | 1.07 | 1.03 | 1.05 | 1.07 | 1.07 | 1.07 | 1.08 | 0.68 | 0.69 | 0.72 | 0.75 | 0.72 |
| Total Assets | 2.07 | 2.11 | 2.13 | 2.21 | 2.17 | 2.21 | 2.14 | 2.13 | 2.19 | 2.12 | 1.87 | 1.92 | 1.81 | 1.84 | 1.78 |
| Total Current Liabilities | 0.74 | 0.83 | 0.89 | 0.97 | 0.96 | 0.99 | 0.96 | 0.95 | 0.99 | 0.86 | 0.67 | 0.61 | 0.55 | 0.56 | 0.56 |
| Total Non-current Liabilities | 0.17 | 0.15 | 0.14 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.18 | 0.09 | 0.10 | 0.11 | 0.13 | 0.08 |
| Total Liabilities | 0.90 | 0.99 | 1.03 | 1.12 | 1.09 | 1.13 | 1.11 | 1.09 | 1.14 | 1.05 | 0.76 | 0.71 | 0.66 | 0.68 | 0.64 |
| Retained Earnings | 0.64 | 0.63 | 0.61 | 0.56 | 0.54 | 0.54 | 0.50 | 0.53 | 0.55 | 0.57 | 0.58 | 0.62 | 0.53 | 0.52 | 0.51 |
| Total Stockholder Equity | 1.13 | 1.09 | 1.06 | 1.05 | 1.04 | 1.04 | 1.01 | 1.01 | 1.02 | 1.05 | 1.08 | 1.17 | 1.12 | 1.12 | 1.11 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | 424.64 | 482.67 | 451.43 | 553.04 | 458.89 | 471.31 | 450.06 | 566.30 | 469.19 | 468.93 | 445.02 | 564.42 | 446.92 | 495.09 | 510.57 | 653.27 | 508.58 | 551.31 | 541.08 |
| Cost of Revenue | 174.27 | 190.60 | 187.06 | 218.64 | 192.79 | 204.21 | 196.17 | 249.93 | 223.80 | 228.72 | 224.40 | 281.02 | 233.54 | 280.57 | 293.65 | 377.08 | 297.62 | 331.08 | 327.67 |
| Gross Profit | 222.74 | 258.52 | 236.98 | 300.97 | 231.93 | 232.85 | 217.22 | 276.63 | 205.13 | 199.78 | 181.51 | 246.59 | 179.61 | 184.98 | 184.02 | 244.35 | 176.03 | 182.87 | 178.70 |
| Research & Development | 69.68 | 79.61 | 60.75 | 67.56 | 85.29 | 59.64 | 66.86 | 48.40 | 62.52 | 67.78 | 63.59 | 69.35 | 42.73 | 41.50 | 34.03 | 44.86 | 33.35 | 41.92 | 31.70 |
| Selling, General & Admin | 45.16 | 40.24 | 39.17 | 41.55 | 46.22 | 41.20 | 47.17 | 42.22 | 36.60 | 18.54 | 40.17 | 28.97 | 42.35 | 100.67 | 33.34 | 43.86 | 34.88 | 40.47 | 33.43 |
| Total Operating Expenses | 212.34 | 228.06 | 188.81 | 206.46 | 222.33 | 195.91 | 206.87 | 188.31 | 193.69 | 198.82 | 205.00 | 197.95 | 175.13 | 241.48 | 156.36 | 178.61 | 143.84 | 163.14 | 144.48 |
| Operating Income | 10.40 | 30.46 | 48.17 | 94.51 | 9.60 | 36.94 | 10.35 | 88.32 | 11.43 | 0.96 | (23.49) | 48.64 | 4.48 | (56.51) | 27.66 | 65.74 | 32.19 | 19.73 | 34.22 |
| Interest Expense | -- | -- | -- | -- | -- | -- | 0.42 | 0.74 | 0.44 | 0.58 | 0.49 | 0.63 | 0.42 | 0.42 | 0.55 | 0.78 | 0.45 | 0.51 | 0.54 |
| Pretax Income | 12.27 | 28.65 | 50.47 | 96.71 | 9.59 | 36.65 | 11.54 | 83.82 | 8.47 | (0.89) | (16.67) | 42.50 | 7.96 | (40.09) | 31.69 | 69.07 | 32.03 | 19.21 | 33.50 |
| Tax Provision | 3.69 | 5.73 | 10.46 | 24.77 | 3.45 | 8.60 | 2.97 | 21.77 | 1.83 | 1.08 | (4.59) | 26.45 | 1.44 | (7.12) | 10.41 | (5.86) | 7.80 | 4.18 | 10.05 |
| Net Income | 7.82 | 21.25 | 37.93 | 71.10 | 6.25 | 26.99 | 7.24 | 61.02 | 6.93 | (2.88) | (11.81) | 15.40 | 6.58 | (33.61) | 20.59 | 73.77 | 23.48 | 14.80 | 22.41 |
| Basic EPS | 0.16 | 0.40 | 0.70 | 1.31 | 0.11 | 0.49 | 0.13 | 1.09 | 0.12 | (0.05) | (0.21) | 0.26 | 0.11 | (0.56) | 0.34 | 1.21 | 0.39 | 0.24 | 0.37 |
| Diluted EPS | 0.15 | 0.39 | 0.66 | 1.21 | 0.11 | 0.46 | 0.12 | 1.01 | 0.12 | (0.05) | (0.20) | 0.26 | 0.10 | (0.54) | 0.32 | 1.14 | 0.37 | 0.23 | 0.35 |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | 48.21 | (1.40) | 62.34 | 169.45 | 57.50 | 17.19 | 14.02 | 161.34 | 19.61 | 1.33 | 41.96 | 125.46 | 41.63 | 13.97 | 74.93 | 66.01 | 51.18 | 26.36 | 77.36 |
| Capital Expenditures | 32.85 | 35.25 | 17.09 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | 15.36 | (36.65) | 45.25 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (37.91) | (24.19) | (17.54) | (38.93) | (23.81) | (21.26) | (13.90) | (4.51) | (15.86) | (52.23) | (36.10) | (32.40) | (157.02) | 6.37 | 16.93 | (10.17) | (9.38) | (39.78) | (17.03) |
| Financing Cash Flow | (31.28) | (48.35) | (54.79) | (116.14) | (52.26) | (39.92) | (62.18) | (22.40) | (28.74) | (23.90) | (72.22) | (76.85) | (21.69) | (13.14) | (1.37) | (24.30) | (28.45) | (23.96) | (3.42) |
* Derived from reported values
