Taboola.com Ltd.
TBLA Nasdaq Services-Computer Programming, Data Processing, Etc. Financials FY2020–FY2025
Last close · Oct 23, 2026
$3.41
1.7%
Revenue
Total sales reported in the income statement.
$1.9B
8.3%
vs prior year
Operating margin
Operating income as a share of revenue.
2.3%
0.8 pts
Net income
Profit after all expenses, interest and tax.
$42.3M
Free cash flow
Cash from operations minus capital spending.
$163M
9.6%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
3.9%
2.1 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$993.6B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
9.0x
On $0.38 EPS (TTM)
What Taboola.com Ltd. does
No business description yet.
- Legal name
- Taboola.com Ltd.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Accession · CIK
- 0001840502-26-000004
0001840502
Revenue and margins
Taboola.com Ltd. had $1.9B of revenue in fiscal 2025, up 8.3% on the year before.
FY20
Revenue $1.2B
FY21
Revenue $1.4B
FY22
Revenue $1.4B
FY23
Revenue $1.4B
FY24
Revenue $1.8B
FY25
Revenue $1.9B
Q3 '23
Revenue $360M
Q4 '23
Revenue $420M
Q1 '24
Revenue $414M
Q2 '24
Revenue $428M
Q3 '24
Revenue $433M
Q4 '24
Revenue $491M
Q1 '25
Revenue $427M
Q2 '25
Revenue $465M
Q3 '25
Revenue $497M
Q4 '25
Revenue $522M
Q1 '26
Revenue $466M
Q2 '26
Revenue $477M
FY20
Gross 26.9%
Operating 2.2%
Net 0.7%
FCF 10.2%
FY21
Gross 32.0%
Operating −1.0%
Net −1.8%
FCF 1.8%
FY22
Gross 33.1%
Operating −1.0%
Net −0.9%
FCF 1.3%
FY23
Gross 29.6%
Operating −4.4%
Net −5.7%
FCF 3.6%
FY24
Gross 30.2%
Operating 1.5%
Net −0.2%
FCF 8.4%
FY25
Gross 29.8%
Operating 2.3%
Net 2.2%
FCF 8.5%
Gross
Operating
Net
FCF
Q3 '23
Gross 27.9%
Operating −5.2%
Net −6.4%
FCF 6.3%
Q4 '23
Gross 32.9%
Operating 2.1%
Net 0.9%
FCF 2.5%
Q1 '24
Gross 26.3%
Operating −4.4%
Net −6.3%
FCF 6.5%
Q2 '24
Gross 26.8%
Operating −1.8%
Net −1.0%
FCF 6.4%
Q3 '24
Gross 30.7%
Operating 1.1%
Net −1.5%
FCF 9.9%
Q4 '24
Gross 36.2%
Operating 9.6%
Net 6.7%
FCF 10.6%
Q1 '25
Gross 27.9%
Operating −1.5%
Net −2.0%
FCF 8.4%
Q2 '25
Gross 29.1%
Operating 0.0%
Net −0.9%
FCF 7.3%
Q3 '25
Gross 28.0%
Operating 1.3%
Net 1.1%
FCF 9.3%
Q4 '25
Gross 33.6%
Operating 8.4%
Net 9.6%
FCF 9.0%
Q1 '26
Gross 27.8%
Operating 14.9%
Net 12.7%
FCF 19.4%
Q2 '26
Gross 29.3%
Operating 1.5%
Net 0.9%
FCF 3.6%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY20
Net income $8.5M
FY21
Net income −$24.9M
FY22
Net income −$12.0M
FY23
Net income −$82.0M
FY24
Net income −$3.8M
FY25
Net income $42.3M
Q3 '23
Net income −$23.1M
Q4 '23
Net income $3.7M
Q1 '24
Net income −$26.2M
Q2 '24
Net income −$4.3M
Q3 '24
Net income −$6.5M
Q4 '24
Net income $33.1M
Q1 '25
Net income −$8.8M
Q2 '25
Net income −$4.3M
Q3 '25
Net income $5.2M
Q4 '25
Net income $50.1M
Q1 '26
Net income $59.1M
Q2 '26
Net income $4.3M
FY20
Diluted EPS −$0.36
FY21
Diluted EPS −$0.26
FY22
Diluted EPS −$0.05
FY23
Diluted EPS −$0.24
FY24
Diluted EPS −$0.01
FY25
Diluted EPS $0.13
Q3 '23
Diluted EPS −$0.07
Q4 '23
Diluted EPS $0.01
Q1 '24
Diluted EPS −$0.08
Q2 '24
Diluted EPS −$0.01
Q3 '24
Diluted EPS −$0.02
Q4 '24
Diluted EPS $0.10
Q1 '25
Diluted EPS −$0.03
Q2 '25
Diluted EPS −$0.01
Q3 '25
Diluted EPS $0.02
Q4 '25
Diluted EPS $0.15
Q1 '26
Diluted EPS $0.20
Q2 '26
Diluted EPS $0.01
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY20
Return on capital —
Return on equity 18.2%
Return on assets —
FY21
Return on capital —
Return on equity −6.1%
Return on assets −1.6%
FY22
Return on capital —
Return on equity −1.5%
Return on assets −0.8%
FY23
Return on capital —
Return on equity −8.7%
Return on assets −5.1%
FY24
Return on capital 1.8%
Return on equity −0.4%
Return on assets −0.2%
FY25
Return on capital 3.9%
Return on equity 4.3%
Return on assets 2.5%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $163M in fiscal 2025, 8.5% of revenue. Cash from operations minus capital spending.
FY20
Free cash flow $121M
FY21
Free cash flow $24.5M
FY22
Free cash flow $18.6M
FY23
Free cash flow $52.2M
FY24
Free cash flow $149M
FY25
Free cash flow $163M
Q3 '23
Free cash flow $22.8M
Q4 '23
Free cash flow $10.5M
Q1 '24
Free cash flow $26.8M
Q2 '24
Free cash flow $27.6M
Q3 '24
Free cash flow $42.9M
Q4 '24
Free cash flow $51.9M
Q1 '25
Free cash flow $36.1M
Q2 '25
Free cash flow $34.2M
Q3 '25
Free cash flow $46.3M
Q4 '25
Free cash flow $46.9M
Q1 '26
Free cash flow $90.3M
Q2 '26
Free cash flow $17.3M
FY20
Cash from operations $139M
Capital spending $17.8M
FY21
Cash from operations $63.5M
Capital spending $39.1M
FY22
Cash from operations $53.5M
Capital spending $34.9M
FY23
Cash from operations $84.4M
Capital spending $32.1M
FY24
Cash from operations $184M
Capital spending $35.2M
FY25
Cash from operations $208M
Capital spending $44.9M
Cash from operations
Capital spending
Q3 '23
Cash from operations $32.5M
Capital spending $9.7M
Q4 '23
Cash from operations $22.8M
Capital spending $12.3M
Q1 '24
Cash from operations $32.4M
Capital spending $5.6M
Q2 '24
Cash from operations $40.2M
Capital spending $12.6M
Q3 '24
Cash from operations $49.8M
Capital spending $6.9M
Q4 '24
Cash from operations $61.9M
Capital spending $10.0M
Q1 '25
Cash from operations $48.1M
Capital spending $12.0M
Q2 '25
Cash from operations $47.4M
Capital spending $13.2M
Q3 '25
Cash from operations $53.2M
Capital spending $6.9M
Q4 '25
Cash from operations $59.7M
Capital spending $12.7M
Q1 '26
Cash from operations $109M
Capital spending $18.4M
Q2 '26
Cash from operations $31.3M
Capital spending $13.9M
Cash from operations
Capital spending
Dividends, buybacks and share count
Taboola.com Ltd. returned $255M to shareholders in fiscal 2025, 156% of free cash flow. The diluted share count rose 0.0%.
FY20
Dividends —
Buybacks —
FY21
Dividends —
Buybacks $0.0M
FY22
Dividends —
Buybacks $0.0M
FY23
Dividends —
Buybacks $55.5M
FY24
Dividends —
Buybacks $73.6M
FY25
Dividends —
Buybacks $255M
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks $18.8M
Q4 '23
Dividends —
Buybacks $32.4M
Q1 '24
Dividends —
Buybacks $27.8M
Q2 '24
Dividends —
Buybacks $26.7M
Q3 '24
Dividends —
Buybacks $10.1M
Q4 '24
Dividends —
Buybacks $9.1M
Q1 '25
Dividends —
Buybacks $49.3M
Q2 '25
Dividends —
Buybacks $101M
Q3 '25
Dividends —
Buybacks $34.6M
Q4 '25
Dividends —
Buybacks $70.8M
Q1 '26
Dividends —
Buybacks $22.7M
Q2 '26
Dividends —
Buybacks $41.5M
Dividends
Buybacks
FY20
Diluted shares 0.04B
FY21
Diluted shares 0.14B
FY22
Diluted shares 0.25B
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Taboola.com Ltd. can carry it.
FY20
Cash $243M
Debt —
FY21
Cash $319M
Debt —
FY22
Cash $263M
Debt —
FY23
Cash $182M
Debt —
FY24
Cash $230M
Debt $116M
FY25
Cash $121M
Debt $102M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $319M | $263M | $182M | $230M | $121M |
| Debt incl. finance leases | — | — | — | $116M | $102M |
| Net debt / EBITDA | — | — | — | −1.8x | −0.3x |
| Debt / equity | — | — | — | 0.1x | 0.1x |
| Current ratio | 1.6x | 1.6x | 1.3x | 1.4x | 1.1x |
| Quick ratio | 1.6x | 1.6x | 1.3x | 1.4x | 1.1x |
| Total assets | $1.6B | $1.5B | $1.7B | $1.7B | $1.6B |
| Total liabilities | $830M | $695M | $651M | $667M | $703M |
| Shareholders' equity | $768M | $835M | $1.1B | $1.1B | $907M |
| Net debt (− = net cash) | — | — | — | −$114M | −$18.6M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✕ | ✕ | ✕ | ✕ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ | ✕ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — | — | ✓ |
| Current ratio rose | — | — | ✓ | ✕ | ✓ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | — | — | — |
| Gross margin rose | — | ✓ | ✓ | ✕ | ✓ | ✕ |
| Revenue rose relative to assets | — | — | ✓ | ✕ | ✓ | ✓ |
| F-score | — / 3 | — / 5 | 6 / 8 | 2 / 7 | 6 / 7 | 6 / 8 |
| Accruals ratio | — | −5.5% | −4.2% | −10.3% | −11.0% | −10.0% |
| Altman Z'' | — | 1.74 | 2.02 | 1.69 | 2.12 | 1.46 |
6 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $1.2B | $1.4B | $1.4B | $1.4B | $1.8B | $1.9B |
| Net interest income | −$2.8M | $11.3M | $9.2M | −$12.8M | — | — |
| Gross profit | $319M | $441M | $464M | $426M | $534M | $570M |
| Research and development | $99.4M | $118M | $129M | $136M | $142M | $148M |
| Operating income | $26.2M | −$13.3M | −$13.7M | −$63.7M | $25.9M | $44.1M |
| Pretax income | $23.4M | −$2.0M | −$4.5M | −$76.5M | $13.9M | $32.8M |
| Income tax | $14.9M | $23.0M | $7.5M | $5.5M | $17.7M | — |
| Net income | $8.5M | −$24.9M | −$12.0M | −$82.0M | −$3.8M | $42.3M |
| Net income to common | −$14.4M | −$36.9M | −$12.0M | −$82.0M | −$3.8M | $42.3M |
| Diluted EPS | −$0.36 | −$0.26 | −$0.05 | −$0.24 | −$0.01 | $0.13 |
| Diluted shares | 0.04B | 0.14B | 0.25B | — | — | — |
| Cash flow | ||||||
| Cash from operations | $139M | $63.5M | $53.5M | $84.4M | $184M | $208M |
| Capital expenditure | $17.8M | $39.1M | $34.9M | $32.1M | $35.2M | $44.9M |
| Free cash flow | $121M | $24.5M | $18.6M | $52.2M | $149M | $163M |
| Depreciation and amortization | $31.4M | $30.1M | $27.7M | $32.6M | $37.3M | $29.2M |
| Stock-based compensation | $28.3M | $128M | $74.9M | $64.3M | $67.1M | $63.9M |
| Acquisitions | — | — | $8.0M | $0.0M | $0.7M | $0.0M |
| Share buybacks | — | $0.0M | $0.0M | $55.5M | $73.6M | $255M |
| Dividends and buybacks | — | $0.0M | $0.0M | $55.5M | $73.6M | $255M |
| Balance sheet | ||||||
| Cash and short-term investments | $243M | $319M | $263M | $182M | $230M | $121M |
| Total debt | — | — | — | — | $116M | $102M |
| Current assets | — | $629M | $594M | $559M | $656M | $558M |
| Current liabilities | — | $401M | $368M | $424M | $486M | $521M |
| Property and equipment, net | — | $63.3M | $73.0M | $72.2M | $69.4M | $95.3M |
| Goodwill | $19.2M | $550M | $556M | $556M | $556M | $556M |
| Intangible assets | — | $251M | $189M | $125M | $65.1M | $13.9M |
| Total assets | — | $1.6B | $1.5B | $1.7B | $1.7B | $1.6B |
| Total liabilities | — | $830M | $695M | $651M | $667M | $703M |
| Shareholders' equity | $46.6M | $768M | $835M | $1.1B | $1.1B | $907M |
| Margins | ||||||
| Gross margin | 26.9% | 32.0% | 33.1% | 29.6% | 30.2% | 29.8% |
| Operating margin | 2.2% | −1.0% | −1.0% | −4.4% | 1.5% | 2.3% |
| EBITDA margin | 4.8% | 1.2% | 1.0% | −2.2% | 3.6% | 3.8% |
| Net margin | 0.7% | −1.8% | −0.9% | −5.7% | −0.2% | 2.2% |
| FCF margin | 10.2% | 1.8% | 1.3% | 3.6% | 8.4% | 8.5% |
| Net interest share of revenue | −0.2% | 0.8% | 0.7% | −0.9% | — | — |
| Returns | ||||||
| Return on capital | — | — | — | — | 1.8% | 3.9% |
| Return on capital employed | — | −1.1% | −1.2% | −5.0% | 2.1% | 4.0% |
| Return on equity | 18.2% | −6.1% | −1.5% | −8.7% | −0.4% | 4.3% |
| Return on assets | — | −1.6% | −0.8% | −5.1% | −0.2% | 2.5% |
| Return on tangible equity | −52.6% | — | −13.4% | −21.8% | −0.9% | 12.5% |
| Growth | ||||||
| Revenue growth | — | 15.9% | 1.6% | 2.8% | 22.7% | 8.3% |
| Net income growth | — | −393.7% | — | — | — | — |
| FCF growth | — | −79.8% | −24.1% | 181.3% | 185.6% | 9.6% |
| Share count change | — | 254.3% | 78.0% | — | — | — |
| Financial health | ||||||
| Net debt / EBITDA | — | — | — | — | −1.8x | −0.3x |
| Debt / equity | — | — | — | — | 0.1x | 0.1x |
| Current ratio | — | 1.6x | 1.6x | 1.3x | 1.4x | 1.1x |
| Quick ratio | — | 1.6x | 1.6x | 1.3x | 1.4x | 1.1x |
| Capital allocation | ||||||
| Capex / revenue | 1.5% | 2.8% | 2.5% | 2.2% | 2.0% | 2.3% |
| Stock comp / revenue | 2.4% | 9.3% | 5.3% | 4.5% | 3.8% | 3.3% |
| Payouts / FCF | — | 0.0% | 0.0% | 106.3% | 49.3% | 156.2% |
| Quality scores | ||||||
| Piotroski F-score | — | — | 6.0 | 2.0 | 6.0 | 6.0 |
| Altman Z'' | — | 1.7 | 2.0 | 1.7 | 2.1 | 1.5 |
| Accruals ratio | — | −5.5% | −4.2% | −10.3% | −11.0% | −10.0% |
Source: SEC EDGAR XBRL filings (CIK 0001840502). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.