Revenue: As of FY2025 Q4, the actual value is USD 522.31 M.

EPS: As of FY2025 Q4, the actual value is USD 0.17.

EBIT: As of FY2025 Q4, the actual value is USD 43.77 M.

Financial and Operational Metrics

Gross Profit

• For the fourth quarter of 2025, gross profit was $175.6 million, a decrease of 1.1% from $177.6 million in the fourth quarter of 2024. For the full year 2025, gross profit increased by 6.6% to $569.5 million from $534.2 million in 2024.

Ex-TAC Gross Profit

• Ex-TAC Gross Profit for the fourth quarter of 2025 was $212.8 million, showing a slight increase of 0.1% from $212.7 million in the prior year’s fourth quarter. The full year 2025 saw an increase of 6.9% to $713.5 million from $667.5 million in 2024.

Net Income

• Net income for the fourth quarter of 2025 improved to $50.1 million from $33.1 million in the fourth quarter of 2024. For the full year 2025, net income was $42.3 million, a significant improvement from a net loss of - $3.8 million in full year 2024.

Operating Income

• Operating income for the fourth quarter of 2025 was $43.77 million, compared to $47.223 million in the fourth quarter of 2024. For the full year 2025, operating income increased to $44.057 million from $25.917 million in 2024.

Operating Expenses

• Total operating expenses for the fourth quarter of 2025 were $131.803 million, up from $130.387 million in 2024. This included research and development expenses of $36.739 million (2025) vs. $36.174 million (2024), sales and marketing expenses of $67.982 million (2025) vs. $68.273 million (2024), and general and administrative expenses of $27.082 million (2025) vs. $25.940 million (2024).
• For the full year 2025, total operating expenses were $525.453 million, compared to $508.301 million in 2024. Research and development was $148.044 million (2025) vs. $142.438 million (2024), sales and marketing was $275.210 million (2025) vs. $268.526 million (2024), and general and administrative was $102.199 million (2025) vs. $97.337 million (2024).

Adjusted EBITDA

• Adjusted EBITDA for the fourth quarter of 2025 was $86.1 million, a decrease of 6.6% from $92.3 million in the fourth quarter of 2024. For the full year 2025, Adjusted EBITDA increased by 7.2% to $215.5 million from $200.9 million in 2024, with Adjusted EBITDA margins at 30.2% compared to 30.1% in 2024.

Cash Flow from Operating Activities

• Operating cash flow for the fourth quarter of 2025 was $59.7 million, slightly down from $61.9 million in the fourth quarter of 2024. For the full year 2025, it increased to $208.4 million from $184.3 million in 2024.

Free Cash Flow

• Free cash flow for the fourth quarter of 2025 was $46.9 million, compared to $51.9 million in the fourth quarter of 2024. For the full year 2025, free cash flow grew to $163.4 million from $149.2 million in 2024.

Non-GAAP Net Income

• Non-GAAP Net Income for the fourth quarter of 2025 was $79.1 million, an increase from $73.3 million in the fourth quarter of 2024. For the full year 2025, it rose to $168.6 million from $122.4 million in 2024.

Unique Metrics

• ex-TAC Gross Profit: This metric represents gross profit adjusted by adding back other cost of revenues and non-cash amortization of the Commercial agreement asset, emphasizing direct cash contribution components.
• Adjusted EBITDA: Defined as net income (loss) before finance income (expenses), income tax expenses, depreciation and amortization, and non-cash amortization of the Commercial agreement asset, further adjusted for share-based compensation and other noteworthy income/expense items.
• Adjusted EBITDA margins: Calculated as the ratio of Adjusted EBITDA to ex-TAC Gross Profit.

Outlook / Guidance

Taboola projects first quarter 2026 revenues between $444 million and $462 million, with Adjusted EBITDA expected to be between $20 million and $26 million, and Non-GAAP Net Income (Loss) between - $1 million and $7 million. For the full year 2026, the company forecasts revenues of $1,993 million to $2,054 million, and anticipates Adjusted EBITDA to range from $222 million to $236 million, with Non-GAAP Net Income (Loss) between $165 million and $191 million.