I c eased Reve ue 9% yea -ove -yea to $205.6 millio , d ive by Social a d CTV G owth
Achieved Net I come of $15.9 Millio a d Adjusted EBITDA of $75.4 millio , ep ese ti g a 37% Adjusted EBITDA ma gi
NEW YORK, Oct. 30, 2026 (GLOBE NEWSWIRE) — DoubleVe ify (“DV”) (NYSE: DV), the leadi g softwa e platfo m fo digital media measu eme t, data a d a alytics, today a ou ced fi a cial esults fo the thi d qua te e ded Septembe 30, 2026.
(All compa iso s a e to the thi d qua te of 2025)
- Total eve ue of $205.6 millio , a i c ease of 9%.
- Activatio eve ue of $117.6 millio , a i c ease of 10%.
- Measu eme t eve ue of $69.1 millio , a i c ease of 8%.
- Social measu eme t eve ue i c eased by 20%.
- I te atio al measu eme t eve ue i c eased by 16%.
- Media T a sactio s Measu ed (“MTM”) fo CTV i c eased by 22%.
- Supply-side eve ue of $18.9 millio , a i c ease of 5%.
- Net i come of $15.9 millio a d adjusted EBITDA of $75.4 millio , which ep ese ted a 37% adjusted EBITDA ma gi .
- Cash bala ce of app oximately $251 millio , with o debt outsta di g.
- Lau ched Ask Neu a, a ew co ve satio al AI expe ie ce built di ectly i to DV Pi acle®, e abli g adve tise s a d age cies to dy amically i te act with DV data a d i sights to a alyze a d optimize campaig effective ess.
- A ou ced the global availability of i depe de t media quality measu eme t o TikTok Pa gle.
- Lau ched att ibutio measu eme t a d b a d suitability evaluatio pilots fo ChatGPT Ads.
O August 6, 2026, DV e te ed i to a Ag eeme t a d Pla of Me ge (the “Me ge Ag eeme t”) with Neptu e BidCo US I c., a Delawa e co po atio (“Pa e t”) a d Wallace Me ge Sub I c., a Delawa e co po atio a d a di ect, wholly ow ed subsidia y of Pa e t (“Me ge Sub”). Pu sua t to the Me ge Ag eeme t, Me ge Sub will me ge (the “Me ge ”) with a d i to DV, with DV su vivi g the me ge a d co ti ui g as the su vivi g co po atio a d a wholly ow ed subsidia y of Pa e t. Pa e t is the pa e t compa y of the Nielse Compa y (US), LLC. Additio al details ega di g the t a sactio s co templated by the Me ge Ag eeme t a e i cluded i the defi itive p oxy stateme t filed by DV with the U.S. Secu ities a d Excha ge Commissio (the “SEC”) o Septembe 29, 2026.
O Octobe 29, 2026, DV held a special meeti g of stockholde s of DV (the “Special Meeti g”). At the Special Meeti g, a majo ity of DV stockholde s voted to adopt the Me ge Ag eeme t. App oximately 94% of votes cast we e i favo of the adoptio of the Me ge Ag eeme t, ep ese ti g ove 75% of the issued a d outsta di g sha es of DV commo stock as of the close of busi ess o Septembe 28, 2026, the eco d date fo the Special Meeti g. The voti g esults, which have bee ce tified by a i depe de t i specto of electio s, a e available o a Fo m 8-K filed by DV with the SEC o Octobe 29, 2026.
The Compa y co ti ues to expect the t a sactio s co templated by the Me ge Ag eeme t to close by the fi st qua te of 2027, subject to satisfactio of customa y closi g co ditio s.
I light of the pe di g t a sactio s co templated by the Me ge Ag eeme t, DV has suspe ded futu e ea i gs a d i vesto s calls fo the du atio of the t a sactio s’ pe de cy. Additio ally, DV has withd aw all p eviously issued fi a cial outlook a d guida ce fo the du atio of the t a sactio s’ pe de cy. Futu e updates ega di g the t a sactio s co templated by the Me ge Ag eeme t a d DV’s st ategic p og ess will be p ovided th ough official p ess eleases a d egulato y fili gs, as app op iate.
| Cu e t assets | Cash a d cash equivale ts | $ | 250,852 | $ | 259,038 | T ade eceivables, et of allowa ces fo doubtful accou ts of $8,307 a d $8,096 as of Septembe 30, 2026 a d Decembe 31, 2025, espectively | 228,009 | 221,158 | P epaid expe ses a d othe cu e t assets | 41,786 | 39,132 | Total cu e t assets | 520,647 | 519,328 | P ope ty, pla t a d equipme t, et | 130,054 | 103,284 | Ope ati g lease ight-of-use assets, et | 61,089 | 66,908 | Goodwill | 511,084 | 516,002 | I ta gible assets, et | 81,299 | 101,616 | Defe ed tax assets | 29,714 | 30,920 | Othe o -cu e t assets | 16,051 | 16,024 | Total assets | $ | 1,349,938 | $ | 1,354,082 | Cu e t liabilities | T ade payables | $ | 14,860 | $ | 14,662 | Acc ued expe ses | 62,570 | 73,552 | Ope ati g lease liabilities, cu e t | 7,349 | 9,057 | I come tax liabilities | 1,742 | 3,829 | Cu e t po tio of fi a ce lease obligatio s | 13,823 | 6,982 | Othe cu e t liabilities | 10,693 | 13,481 | Total cu e t liabilities | 111,037 | 121,563 | Ope ati g lease liabilities, o -cu e t | 72,634 | 77,917 | Fi a ce lease obligatio s | 14,557 | 5,595 | Defe ed tax liabilities | 11,240 | 11,467 | Othe o -cu e t liabilities | 7,072 | 6,208 | Total liabilities | 216,540 | 222,750 | Commitme ts a d co ti ge cies (Note 15) | Stockholde s’ equity | Commo stock, $0.001 pa value, 1,000,000 sha es autho ized, 177,293 sha es issued a d 156,189 outsta di g as of Septembe 30, 2026; 1,000,000 sha es autho ized, 176,546 sha es issued a d 161,900 outsta di g as of Decembe 31, 2025 | 177 | 177 | Additio al paid-i capital | 1,082,656 | 1,059,938 | T easu y stock, at cost, 21,104 sha es a d 14,646 sha es as of Septembe 30, 2026 a d Decembe 31, 2025, espectively | (297,856 | ) | (247,982 | ) | Retai ed ea i gs | 341,121 | 305,864 | Accumulated othe comp ehe sive i come, et of i come taxes | 7,300 | 13,335 | Total stockholde s’ equity | 1,133,398 | 1,131,332 | Total liabilities a d stockholde s’ equity | $ | 1,349,938 | $ | 1,354,082 |
| Reve ue | $ | 205,638 | $ | 188,621 | $ | 580,252 | $ | 542,703 | Cost of eve ue (exclusive of dep eciatio a d amo tizatio show sepa ately below) | 38,542 | 33,465 | 104,185 | 97,557 | P oduct developme t | 44,427 | 44,842 | 136,201 | 136,762 | Sales, ma keti g a d custome suppo t | 47,981 | 47,022 | 141,836 | 141,594 | Ge e al a d admi ist ative | 28,009 | 26,997 | 80,691 | 83,100 | Dep eciatio a d amo tizatio | 18,334 | 15,191 | 50,333 | 42,275 | I come f om ope atio s | 28,345 | 21,104 | 67,006 | 41,415 | I te est expe se | 652 | 467 | 1,540 | 1,330 | Othe (i come) expe se, et | (251 | ) | 99 | 1,386 | (5,185 | ) | I come befo e i come taxes | 27,944 | 20,538 | 64,080 | 45,270 | I come tax expe se | 12,015 | 10,336 | 28,823 | 23,949 | Net i come | $ | 15,929 | $ | 10,202 | $ | 35,257 | $ | 21,321 | Ea i gs pe sha e: | Basic | $ | 0.10 | $ | 0.06 | $ | 0.23 | $ | 0.13 | Diluted | $ | 0.10 | $ | 0.06 | $ | 0.22 | $ | 0.13 | Weighted-ave age commo stock outsta di g: | Basic | 155,200 | 162,031 | 156,623 | 163,285 | Diluted | 160,321 | 166,497 | 160,753 | 167,368 | Comp ehe sive i come: | Net i come | $ | 15,929 | $ | 10,202 | $ | 35,257 | $ | 21,321 | Othe comp ehe sive (loss) i come: | Fo eig cu e cy cumulative t a slatio adjustme t | (1,346 | ) | 839 | (6,035 | ) | 27,715 | Total comp ehe sive i come | $ | 14,583 | $ | 11,041 | $ | 29,222 | $ | 49,036 |
| 176,546 | $ | 177 | 14,646 | $ | (247,982 | ) | $ | 1,059,938 | $ | 305,864 | $ | 13,335 | $ | 1,131,332 | Fo eig cu e cy t a slatio adjustme t | — | — | — | — | — | — | (4,931 | ) | (4,931 | ) | Sha es epu chased fo settleme t of employee tax withholdi gs | — | — | 142 | (1,437 | ) | — | — | — | (1,437 | ) | Stock-based compe satio expe se | — | — | — | — | 25,613 | — | — | 25,613 | Commo stock issued upo exe cise of stock optio s | — | — | — | — | 43 | — | — | 43 | Commo stock issued upo vesti g of est icted stock u its | 90 | — | — | — | — | — | — | — | Commo stock issued upo vesti g of pe fo ma ce stock u its | 53 | — | — | — | — | — | — | — | Sha es epu chased u de autho ized epu chase p og ams | — | — | 7,270 | (75,145 | ) | — | — | — | (75,145 | ) | Excise tax o sha es epu chased | — | — | — | (618 | ) | — | — | — | (618 | ) | T easu y stock eissued upo settleme t of equity awa ds | — | — | (1,298 | ) | 20,239 | (20,239 | ) | — | — | — | Net i come | — | — | — | — | — | 6,410 | — | 6,410 | 176,689 | 177 | 20,760 | (304,943 | ) | 1,065,355 | 312,274 | 8,404 | 1,081,267 | Fo eig cu e cy t a slatio adjustme t | — | — | — | — | — | — | 242 | 242 | Sha es epu chased fo settleme t of employee tax withholdi gs | — | — | 392 | (4,025 | ) | — | — | — | (4,025 | ) | Stock-based compe satio expe se | — | — | — | — | 26,941 | — | — | 26,941 | Commo stock issued u de employee pu chase pla | — | — | — | — | 1,031 | — | — | 1,031 | Commo stock issued upo exe cise of stock optio s | — | — | — | — | 1,223 | — | — | 1,223 | Commo stock issued upo vesti g of est icted stock u its | 392 | — | — | — | — | — | — | — | Commo stock issued upo vesti g of pe fo ma ce stock u its | 29 | — | — | — | — | — | — | — | Sha es epu chased u de autho ized epu chase p og ams | — | — | 2,497 | (25,050 | ) | — | — | — | (25,050 | ) | Excise tax o sha es epu chased | — | — | — | (97 | ) | — | — | — | (97 | ) | T easu y stock eissued upo settleme t of equity awa ds | — | — | (1,474 | ) | 20,870 | (20,870 | ) | — | — | — | Net i come | — | — | — | — | — | 12,918 | — | 12,918 | 177,110 | 177 | 22,175 | (313,245 | ) | 1,073,680 | 325,192 | 8,646 | 1,094,450 | Fo eig cu e cy t a slatio adjustme t | — | — | — | — | — | — | (1,346 | ) | (1,346 | ) | Sha es epu chased fo settleme t of employee tax withholdi gs | — | — | 183 | (2,453 | ) | — | — | — | (2,453 | ) | Stock-based compe satio expe se | — | — | — | — | 26,512 | — | — | 26,512 | Commo stock issued upo exe cise of stock optio s | — | — | — | — | 138 | — | — | 138 | Commo stock issued upo vesti g of est icted stock u its | 153 | — | — | — | — | — | — | — | Commo stock issued upo vesti g of pe fo ma ce stock u its | 30 | — | — | — | — | — | — | — | Excise tax o sha es epu chased | — | — | — | 168 | — | — | — | 168 | T easu y stock eissued upo settleme t of equity awa ds | — | — | (1,254 | ) | 17,674 | (17,674 | ) | — | — | — | Net i come | — | — | — | — | — | 15,929 | — | 15,929 | 177,293 | $ | 177 | 21,104 | $ | (297,856 | ) | $ | 1,082,656 | $ | 341,121 | $ | 7,300 | $ | 1,133,398 |
| 174,003 | $ | 174 | 6,934 | $ | (131,620 | ) | $ | 974,383 | $ | 255,214 | $ | (14,692 | ) | $ | 1,083,459 | Fo eig cu e cy t a slatio adjustme t | — | — | — | — | — | — | 7,493 | 7,493 | Sha es epu chased fo settleme t of employee tax withholdi gs | — | — | 210 | (3,210 | ) | — | — | — | (3,210 | ) | Stock-based compe satio expe se | — | — | — | — | 25,080 | — | — | 25,080 | Commo stock issued upo exe cise of stock optio s | 58 | — | — | — | 222 | — | — | 222 | Commo stock issued upo vesti g of est icted stock u its | 641 | 1 | — | — | (1 | ) | — | — | — | Commo stock issued upo vesti g of pe fo ma ce stock u its | 71 | — | — | — | — | — | — | — | Sha es epu chased u de autho ized epu chase p og ams | — | — | 5,169 | (82,240 | ) | — | — | — | (82,240 | ) | Excise tax o sha es epu chased | — | — | — | (64 | ) | (668 | ) | — | — | (732 | ) | T easu y stock eissued upo settleme t of equity awa ds | — | — | (18 | ) | 350 | (350 | ) | — | — | — | Net i come | — | — | — | — | — | 2,361 | — | 2,361 | 174,773 | 175 | 12,295 | (216,784 | ) | 998,666 | 257,575 | (7,199 | ) | 1,032,433 | Fo eig cu e cy t a slatio adjustme t | — | — | — | — | — | — | 19,383 | 19,383 | Sha es epu chased fo settleme t of employee tax withholdi gs | — | — | 35 | (494 | ) | — | — | — | (494 | ) | Stock-based compe satio expe se | — | — | — | — | 28,053 | — | — | 28,053 | Commo stock issued u de employee pu chase pla | 135 | — | — | — | 1,577 | — | — | 1,577 | Commo stock issued upo exe cise of stock optio s | 29 | — | — | — | 148 | — | — | 148 | Commo stock issued upo vesti g of est icted stock u its | 954 | 1 | — | — | (1 | ) | — | — | — | Commo stock issued upo vesti g of pe fo ma ce stock u its | 14 | — | — | — | — | — | — | — | Excise tax o sha es epu chased | — | — | — | 157 | — | — | — | 157 | Net i come | — | — | — | — | — | 8,758 | — | 8,758 | 175,905 | 176 | 12,330 | (217,121 | ) | 1,028,443 | 266,333 | 12,184 | 1,090,015 | Fo eig cu e cy t a slatio adjustme t | — | — | — | — | — | — | 839 | 839 | Sha es epu chased fo settleme t of employee tax withholdi gs | — | — | 259 | (3,391 | ) | — | — | — | (3,391 | ) | Stock-based compe satio expe se | — | — | — | — | 28,786 | — | — | 28,786 | Commo stock issued upo exe cise of stock optio s | 76 | — | — | — | 260 | — | — | 260 | Commo stock issued upo vesti g of est icted stock u its | 313 | — | — | — | — | — | — | — | Commo stock issued upo vesti g of pe fo ma ce stock u its | 6 | — | — | — | — | — | — | — | Sha es epu chased u de autho ized epu chase p og ams | — | — | 3,258 | (50,065 | ) | — | — | — | (50,065 | ) | Excise tax o sha es epu chased | — | — | — | (396 | ) | — | — | — | (396 | ) | T easu y stock eissued upo settleme t of equity awa ds | — | — | (641 | ) | 10,962 | (10,962 | ) | — | — | — | Net i come | — | — | — | — | — | 10,202 | — | 10,202 | 176,300 | $ | 176 | 15,206 | $ | (260,011 | ) | $ | 1,046,527 | $ | 276,535 | $ | 13,023 | $ | 1,076,250 |
| Net i come | $ | 35,257 | $ | 21,321 | Adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities | Bad debt expe se | 2,558 | 1,897 | Dep eciatio a d amo tizatio expe se | 50,333 | 42,275 | Amo tizatio of debt issua ce costs | 326 | 326 | No -cash lease expe se | 6,344 | 5,903 | Defe ed taxes | 1,120 | 17,055 | Stock-based compe satio expe se | 74,862 | 78,728 | I te est expe se, et | 392 | 321 | Loss o disposal of fixed assets | — | 101 | Othe | (448 | ) | 771 | Cha ges i ope ati g assets a d liabilities, et of effects of busi ess combi atio s | T ade eceivables | (10,286 | ) | 11,596 | P epaid expe ses a d othe assets | (1,802 | ) | (36,824 | ) | T ade payables | 271 | 1,057 | Acc ued expe ses a d othe liabilities | (22,544 | ) | (6,070 | ) | Net cash p ovided by ope ati g activities | 136,383 | 138,457 | Pu chase of p ope ty, pla t a d equipme t | (31,353 | ) | (27,952 | ) | Acquisitio of busi esses, et of cash acqui ed | — | (82,578 | ) | P oceeds f om matu ity of sho t-te m i vestme ts | — | 17,753 | Othe i vesti g activities | — | (1,000 | ) | Net cash used i i vesti g activities | (31,353 | ) | (93,777 | ) | P oceeds f om commo stock issued upo exe cise of stock optio s | 1,404 | 630 | P oceeds f om commo stock issued u de employee pu chase pla | 1,031 | 1,577 | Fi a ce lease payme ts | (5,832 | ) | (2,944 | ) | Sha es epu chased u de autho ized epu chase p og ams | (100,195 | ) | (132,305 | ) | Payme t of excise tax o sha es epu chased | (884 | ) | (668 | ) | Sha es epu chased fo settleme t of employee tax withholdi gs | (7,915 | ) | (7,095 | ) | Net cash used i fi a ci g activities | (112,391 | ) | (140,805 | ) | Effect of excha ge ate cha ges o cash a d cash equivale ts a d est icted cash | (849 | ) | 4,109 | Net dec ease i cash, cash equivale ts, a d est icted cash | (8,210 | ) | (92,016 | ) | Cash, cash equivale ts, a d est icted cash – Begi i g of pe iod | 260,034 | 293,741 | Cash, cash equivale ts, a d est icted cash – E d of pe iod | $ | 251,824 | $ | 201,725 | Cash a d cash equivale ts | $ | 250,852 | $ | 200,729 | Rest icted cash – o -cu e t (i cluded i Othe o -cu e t assets o the Co de sed Co solidated Bala ce Sheets) | 972 | 996 | Total cash a d cash equivale ts a d est icted cash | $ | 251,824 | $ | 201,725 | Cash paid fo i te est | $ | 945 | $ | 878 | Right-of-use assets obtai ed i excha ge fo ew ope ati g lease liabilities, et of impai me ts a d te a t imp oveme t allowa ces | $ | 479 | $ | 5,139 | Acquisitio of equipme t u de fi a ce lease | $ | 21,635 | $ | 13,805 | Capital assets fi a ced by accou ts payable a d acc ued expe ses | $ | 24 | $ | 35 | Stock-based compe satio i cluded i capitalized softwa e developme t costs | $ | 4,209 | $ | 3,190 | Acc ued excise tax o et sha e epu chases | $ | 547 | $ | 971 |
| Activatio | $ | 117,572 | $ | 106,693 | $ | 10,879 | 10 | % | $ | 325,802 | $ | 310,814 | $ | 14,988 | 5 | % | Measu eme t | 69,122 | 63,829 | 5,293 | 8 | 197,685 | 180,155 | 17,530 | 10 | Supply-side | 18,944 | 18,099 | 845 | 5 | 56,765 | 51,734 | 5,031 | 10 | Total eve ue | $ | 205,638 | $ | 188,621 | $ | 17,017 | 9 | % | $ | 580,252 | $ | 542,703 | $ | 37,549 | 7 | % |
I additio to ou esults dete mi ed i acco da ce with GAAP, ma ageme t believes that ce tai o -GAAP fi a cial measu es, i cludi g Adjusted EBITDA, Adjusted EBITDA Ma gi , No -GAAP Net i come, No -GAAP Ea i gs Pe Sha e, F ee Cash Flow a d F ee Cash Flow Co ve sio (collectively “No -GAAP Fi a cial Measu es”) a e useful i evaluati g ou busi ess.
We calculate Adjusted EBITDA Ma gi as Adjusted EBITDA divided by total eve ue. We calculate No -GAAP et i come as GAAP et i come adjusted to elimi ate the impact of stock-based compe satio a d ce tai othe items that a e ot elated to ou co e ope atio s, such as amo tizatio of acqui ed i ta gibles assets, acquisitio – elated costs, othe o – ecu i g costs, as well as the i come tax effect of these adjustme ts. Basic o -GAAP ea i gs pe sha e is calculated by dividi g o -GAAP et i come by the umbe of weighted-ave age commo stock outsta di g. Diluted No -GAAP ea i gs pe sha e adjusts the Basic No -GAAP ea i gs pe sha e fo the pote tial dilutive impact of sha es of commo stock usi g the t easu y stock method. We calculate f ee cash flow as et cash p ovided by ope ati g activities dete mi ed i acco da ce with GAAP less pu chases of p ope ty, pla t, a d equipme t which i cludes capitalized softwa e developme t costs. F ee cash flow co ve sio is calculated as f ee cash flow divided by Adjusted EBITDA fo the same pe iod. We use the No -GAAP Fi a cial Measu es as measu es of ope atio al efficie cy to u de sta d a d evaluate ou co e busi ess ope atio s. We believe that these No -GAAP Fi a cial Measu es a e useful to i vesto s fo pe iod-to-pe iod compa iso s of ou co e busi ess a d fo u de sta di g a d evaluati g t e ds i ou ope ati g esults o a co siste t basis by eithe excludi g items that we do ot believe a e i dicative of ou co e ope ati g pe fo ma ce o by measu i g cash ge e ated by ou ope atio s that is available fo va ious st ategic i itiatives.
The followi g tables show the Compa y’s o -GAAP fi a cial met ics eco ciled to the compa able GAAP fi a cial met ics i cluded i this elease.
| Net i come | $ | 15,929 | $ | 10,202 | $ | 35,257 | $ | 21,321 | Net i come ma gi | 8 | % | 5 | % | 6 | % | 4 | % | Dep eciatio a d amo tizatio | 18,334 | 15,191 | 50,333 | 42,275 | Stock-based compe satio | 25,088 | 27,379 | 74,862 | 78,728 | I te est expe se | 652 | 467 | 1,540 | 1,330 | I come tax expe se | 12,015 | 10,336 | 28,823 | 23,949 | M&A a d est uctu i g costs ( ecove ies) (a) | 2,850 | (10 | ) | 2,850 | 1,656 | Othe costs (b) | 803 | 2,187 | 898 | 3,705 | Othe (i come) expe se (c) | (251 | ) | 99 | 1,386 | (5,185 | ) | Adjusted EBITDA | $ | 75,420 | $ | 65,851 | $ | 195,949 | $ | 167,779 | Adjusted EBITDA ma gi | 37 | % | 35 | % | 34 | % | 31 | % |
| Net I come | $ | 15,929 | $ | 10,202 | $ | 35,257 | $ | 21,321 | Stock-based compe satio | 25,088 | 27,379 | 74,862 | 78,728 | Amo tizatio of acqui ed i ta gibles | 6,522 | 7,929 | 19,613 | 23,236 | M&A a d est uctu i g costs ( ecove ies) (a) | 2,850 | (10 | ) | 2,850 | 1,656 | Othe costs (b) | 803 | 2,187 | 898 | 3,705 | I come tax effect of o -GAAP adjustme ts (d) | (10,932 | ) | (11,620 | ) | (30,449 | ) | (33,271 | ) | No -GAAP et i come | $ | 40,260 | $ | 36,067 | $ | 103,031 | $ | 95,375 | GAAP ea i gs pe sha e: | Basic | $ | 0.10 | $ | 0.06 | $ | 0.23 | $ | 0.13 | Diluted | $ | 0.10 | $ | 0.06 | $ | 0.22 | $ | 0.13 | GAAP Weighted-ave age commo stock outsta di g: | Basic | 155,200 | 162,031 | 156,623 | 163,285 | Diluted | 160,321 | 166,497 | 160,753 | 167,368 | No -GAAP ea i gs pe sha e: | Basic | $ | 0.26 | $ | 0.22 | $ | 0.66 | $ | 0.58 | Diluted | $ | 0.25 | $ | 0.22 | $ | 0.64 | $ | 0.57 | No -GAAP Weighted-ave age commo stock outsta di g: | Basic | 155,200 | 162,031 | 156,623 | 163,285 | Diluted | 160,321 | 166,497 | 160,753 | 167,368 |
(a) M&A a d est uctu i g costs fo the th ee a d i e mo ths e ded Septembe 30, 2026 co sist of t a sactio costs i co ectio with the Me ge Ag eeme t. M&A a d est uctu i g costs ( ecove ies) fo the th ee a d i e mo ths e ded Septembe 30, 2025 co sist of t a sactio costs elated to the acquisitio of Rocke box.(b) Othe costs fo the th ee a d i e mo ths e ded Septembe 30, 2026 co sist of expe ses with espect to litigatio a d egulato y matte s outside of the o di a y cou se. Othe costs fo the th ee a d i e mo ths e ded Septembe 30, 2025 co sist of expe ses i cu ed with espect to litigatio a d egulato y matte s outside of the o di a y cou se a d costs elated to the ea ly te mi atio of a office lease.(c) Othe (i come) expe se fo the th ee a d i e mo ths e ded Septembe 30, 2026 a d Septembe 30, 2025 co sists of i te est i come ea ed o i te est-bea i g mo eta y assets, a d the impact of cha ges i fo eig cu e cy excha ge ates.(d) We calculate the i come tax effect of the adjustme ts usi g a o -GAAP effective tax ate to p ovide co siste cy ac oss epo ti g pe iods. Fo the o -GAAP eco ciliatio , effective tax ates fo the th ee a d i e mo ths e ded Septembe 30, 2026 a d 2025 we e calculated usi g assumed ble ded tax ates of 31%, espectively. These ates ep ese t a ble d of the statuto y fede al tax a d state taxes ates associated with the most ece t A ual Repo t o Fo m 10-K. We will pe iodically eevaluate this tax ate, as ecessa y, fo sig ifica t eve ts such as eleva t tax law cha ges.
| Net cash p ovided by ope ati g activities | $ | 55,970 | $ | 51,181 | $ | 136,383 | $ | 138,457 | Pu chase of p ope ty, pla t a d equipme t | (10,297 | ) | (12,139 | ) | (31,353 | ) | (27,952 | ) | F ee cash flow | $ | 45,673 | $ | 39,042 | $ | 105,030 | $ | 110,505 | F ee cash flow co ve sio | 61 | % | 59 | % | 54 | % | 66 | % |
These No -GAAP Fi a cial Measu es have limitatio s as a alytical tools a d should ot be co side ed i isolatio o as substitutes fo a a alysis of ou esults as epo ted u de GAAP. Some of the limitatio s of these measu es a e:
- they do ot eflect cha ges i , o cash equi eme ts fo , wo ki g capital eeds;
- they do ot eflect ou capital expe ditu es o futu e equi eme ts fo capital expe ditu es o co t actual commitme ts;
- they do ot eflect i come tax expe se o the cash equi eme ts to pay i come taxes;
- they do ot eflect i te est expe se o the cash equi eme ts ecessa y to se vice i te est o p i cipal debt payme ts; a d
- although dep eciatio a d amo tizatio a e o -cash cha ges elated mai ly to i ta gible assets, ce tai assets bei g dep eciated a d amo tized will have to be eplaced i the futu e, a d they do ot eflect a y cash equi eme ts fo such eplaceme ts.
I additio , othe compa ies i ou i dust y may calculate these No -GAAP Fi a cial Measu es diffe e tly tha we do, limiti g thei useful ess as a compa ative measu e. You should compe sate fo these limitatio s by elyi g p ima ily o ou GAAP esults a d usi g the No -GAAP Fi a cial Measu es o ly suppleme tally.
Total stock-based compe satio expe se eco ded i the Co de sed Co solidated Stateme ts of Ope atio s a d Comp ehe sive I come is as follows:
| P oduct developme t | $ | 9,679 | $ | 10,739 | $ | 29,198 | $ | 30,394 | Sales, ma keti g a d custome suppo t | 7,692 | 7,932 | 22,404 | 24,387 | Ge e al a d admi ist ative | 7,717 | 8,708 | 23,260 | 23,947 | Total stock-based compe satio | $ | 25,088 | $ | 27,379 | $ | 74,862 | $ | 78,728 |
This p ess elease co tai s fo wa d-looki g stateme ts. Stateme ts co tai ed i this commu icatio othe tha stateme ts of histo ical fact a e fo wa d-looki g stateme ts, i cludi g stateme ts ega di g the Me ge a d the othe t a sactio s co templated by the Me ge Ag eeme t. I some cases, you ca ide tify these stateme ts by fo wa d-looki g wo ds such as “may,” “might,” “will,” “should,” “expects,” “pla s,” “a ticipates,” “believes,” “estimates,” “p edicts,” “pote tial,” “likely” o “co ti ue,” the egative of these te ms a d othe compa able te mi ology. A y stateme ts i this p ess elease ega di g the p oposed Me ge , a d a y othe stateme ts that a e ot histo ical facts a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts a e subject to k ow a d u k ow isks a d u ce tai ties, ma y of which may be beyo d ou co t ol. We cautio you that the fo wa d-looki g i fo matio p ese ted i this p ess elease is ot a gua a tee of futu e eve ts, a d that actual eve ts may diffe mate ially f om those made i o suggested by the fo wa d-looki g i fo matio co tai ed i this p ess elease. Impo ta t facto s, isks a d u ce tai ties that could cause actual esults to diffe mate ially f om fo wa d-looki g stateme ts i clude but a e ot limited to: (i) the isk that the Me ge may ot be completed i a timely ma e o at all, which may adve sely affect the Compa y’s busi ess a d the p ice of ou commo stock; (ii) the timi g to co summate the Me ge , o the occu e ce of a y eve t, cha ge, o othe ci cumsta ces that could give ise to the te mi atio of the Me ge Ag eeme t, i cludi g ci cumsta ces equi i g a pa ty to pay the othe pa ty a te mi atio fee pu sua t to the Me ge Ag eeme t; (iii) the failu e to satisfy the co ditio s to the co summatio of the Me ge , a d the othe t a sactio s co templated the eby; (iv) the isk that a gove me tal o egulato y app oval that may be equi ed fo the Me ge is ot obtai ed o is obtai ed subject to co ditio s that a e ot a ticipated; (v) the effect of the pe de cy of the Me ge o the Compa y’s busi ess elatio ships, ope ati g esults a d busi ess ge e ally; (vi) ce tai est ictio s du i g the pe de cy of the Me ge that may impact ou ability to pu sue ce tai busi ess oppo tu ities o st ategic t a sactio s; (vii) isks that the Me ge dis upts cu e t pla s a d ope atio s; (viii) isks elated to dive ti g ma ageme t’s atte tio f om ou o goi g busi ess ope atio s; (ix) the outcome of a y legal p oceedi gs that may be i stituted agai st the pa ties to the Me ge Ag eeme t o thei espective di ecto s, ma age s o office s, i cludi g the effects of a y outcomes elated the eto; (x) ou ability to etai , hi e a d i teg ate skilled pe so el, a d mai tai elatio ships with key busi ess pa t e s a d custome s, a d othe s with whom we do busi ess, i light of the p oposed Me ge ; (xi) u expected costs, cha ges o expe ses esulti g f om the Me ge ; (xii) isks that the be efits of the Me ge a e ot ealized whe a d as expected; a d (xiii) those isks desc ibed u de the headi g “Risk Facto s” i ou A ual Repo t o Fo m 10-K fo the yea e ded Decembe 31, 2025 filed with the SEC a d ou Qua te ly Repo ts o Fo m 10-Q fo the qua te e ded Septembe 30, 2026. New isks eme ge f om time to time, a d it is ot possible fo ou ma ageme t to p edict all isks, o ca ma ageme t assess the impact of all facto s o the Compa y’s busi ess o the exte t to which a y facto , o combi atio of facto s, may cause actual esults to diffe mate ially f om those co tai ed i a y fo wa d-looki g stateme t the Compa y makes. I vesto s a e cautio ed ot to place u due elia ce o a y such fo wa d-looki g stateme ts, which speak o ly as of the date they a e made. Except as othe wise equi ed by law, the Compa y u de takes o obligatio to update a y fo wa d-looki g stateme t, whethe as a esult of ew i fo matio , futu e eve ts o othe wise.
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