TechTarget Inc 2025年季度报告

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number:001-42428 99-2218610(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)275 Grove StreetNewton,Massachusetts02466(Address of principal executive offices)(Zip Code) Former name, former address and formal fiscal year, if changed since last report:Not applicableSecurities registered pursuant to Section 12(b) of the Act.Trading symbol(s) ☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of July 9, 2025 the registrant had71,489,000shares of common stock, $0.001 par value per share, outstanding. 2 FINANCIAL INFORMATIONFinancial StatementsUnaudited Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024Unaudited Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) forthe three months ended March 31, 2025 and 2024Unaudited Condensed Consolidated Statements of Stockholders' Equity for the three months ended March31, 2025 and 2024Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025and 2024Unaudited Notes to Condensed Consolidated Financial StatementsManagement's Discussion and Analysis of Financial Condition and Result of OperationsQuantitative and Qualitative Disclosures About Market RiskControls and ProceduresOTHER INFORMATIONLegal ProceedingsRisk FactorsOther InformationExhibits Notes to Unaudited Condensed Consolidated Financial Statements(In thousands, except share and per share data, where otherwise noted or instances where expressed in millions) Nature of business TechTarget, Inc. (“Informa TechTarget”, the “Company”, “we”, “us” or “our”, formerly known as Toro CombineCo, Inc.(“CombineCo”)) together with its subsidiaries, is a leading business-to-business (“B2B”) growth accelerator, informing andinfluencing technology buyers and sellers globally.The TransactionsOnJanuary 10,2024,Informa,PLC(“Informa”or“Parent”)entered into a definitive agreement(the“TransactionAgreement”) to combine Informa Intrepid Holdings Inc. (“Informa Tech Digital Business” or “Informa Intrepid” or “Accounting and (ii) cash consideration of approximately $11.70per share of Former TechTarget common stock (the “Merger”, with the Transaction, collectively the “Transactions”). The Merger closed on December 2, 2024 (the “Acquisition Date”), with Informa thenholding a58% interest in CombineCo and Former TechTarget shareholders holding the remaining42% interest in CombineCo.CombineCo changed its name to TechTarget, Inc. upon completion of the Merger. The Merger was accounted for using the acquisition method of accounting in accordance with ASC 805,Business Combination(“ASC 805”). The condensed consolidated financial statements prior to the Acquisition Date reflect the financial statements of theInforma Tech Digital Business, as Accounting Predecessor to Informa TechTarget and the historical consolidated financialstatements of Former Tech Target are consolidated only from the Acquisition Date forward.The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the yearended December 31, 2024, filed with the U.S. Securities and Exchange Commission (“SEC”) on May 28, 2025.The Accounting Predecessor had historically operated as part of the Parent and not as a standalone entity and had no separateconsolidated legal status of existence prior to the Transaction. As such, Informa TechTarget 's condensed consolidated financial Transaction.The consolidated financial statements prior to the Transaction reflect the assets, liabilities, revenues, expenses and cash flows condensed consolidated financial statements prior to the Transaction:•All intercompany transactions and balances between the businesses included within the Accounting Predecessor have controlled by the Parent, are classified as related party transactions.•To the extent that an asset, liability, revenue or expense is directly associated with the Accounting Predecessor, it is standalone basis.•All costs incurred by Informa that are directly attributable to the Accounting Predecessor have been included in these reasonable basis but may not reflect the amounts that would have been incurred by the Accounting Predecessor had itbeen operating on a standalone basis. These cost allocations are discussed further in No