Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
TechTarget, Inc.TTGT · telecom
GradeNonecomputable_factors_below_threshold: 4 of 14 inputs computable; 7 are required
Reliability0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025
Peer failure rate1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$591M to $2.67B assetstotal assets $937.3M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningslate filer, thin datanot computable: dilution, distress
Inputs computable4 of 14
Graded fromfilings received through Mar 11, 2026212 days before the rescan; every figure keyed to the SEC receipt date
Last close$4.102026-10-08; market equity $296.6M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$4$6NovDecJanFebMarAprMayJunJulAugSepOct$4.10
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Jun 21, 2025nonen/aQ4

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 11, 2026; the document on sec.gov.

TechTarget, Inc. (“Informa TechTarget”, the “Company”, “we”, “us” or “our”) is a leading business-to-business (“B2B”) growth accelerator, informing and influencing technology buyers and sellers globally. Today, we sit at the intersection of tech and B2B marketing in an area estimated to be worth $20 billion annually with approximately 45,000 potential customers. We compete in the Intelligence & Advisory, Brand & Content, and Demand & Intent markets.

Warnings [top]

Late filer. found 2 NT 10-K/Q filings in the last eight quarters
Thin data. 4 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 22.3
Gross profitability31.3%[1,3]28.0%40.55942025-12-31
Return on invested capitalnot computable8.9%
a prior annual debt, equity, and cash observation is required
Accruals ratio(64.0%)[1,4-6](7.3%)4.17032025-12-31
Gross margin stability, five yearsnot computable2.4 pts
five annual gross margins are required; found 2
Solvency, sleeve percentile 75.4
Twelve-month failure probabilitynot computable0.05%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime(9.10)[1,7-12]1.9381.16252025-12-31
Net debt to EBITDAnot computable1.71x
EBITDA must exceed $100,000
Interest coveragenot computable2.81x
one or more required annual facts are missing
Current ratio1.23x[7-8]1.96x69.77562025-12-31
Growth and financing
Revenue growth, three-year compoundnot computable5.1%
four annual observations are required; found 2
Free cash flow growth, three-year compoundnot computable12.4%
four consecutive annual FCF observations are required; found 2
Reinvestment ratenot computable15.1%
NOPAT must exceed $100,000
Asset growth, three yearsnot computable3.4%
four annual observations are required; found 2
Net share issuance, one yearnot computable0.5%
prior share count is 287 days earlier

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 558 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(33.4%)(0.3%)21hotter than 21 of 100 peers
Distance from 52-week high(36.6%)(29.7%)38closer to its high than 38 of 100 peers
EBIT to enterprise value(153.6%)1.4%3pricier than 97 of 100 peers
Free cash flow yield5.4%2.7%69pricier than 31 of 100 peers
Book value to price1.710.2494pricier than 6 of 100 peers
Sales to price1.640.3384pricier than 16 of 100 peers
Composite equity issuance, five yearsnot computable3.2%a share count from five years earlier is required
Relative strength against the sector, log excess return(0.35)(0.23)42ahead of 42 of 100 peers

Inputs: market equity $296.6M; EBIT -$1.0B; free cash flow $15.9M; book equity $506.9M; sales $486.8M; debt $417.0M; cash $45.8M[13].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(44.5%)✗ fail[4,6]
Operating cash flow above zero$16.3M✓ pass[5]
Return on assets improvedn/a[4,6,14]
Operating cash flow exceeds net income$1.0B✓ pass[4-5]
Long-term leverage felln/a[1,6,15]
Current ratio improved37.6 pts✓ pass[7-8,16-17]
No new shares issuedn/a[18-19]
Gross margin improved(2.1 pts)✗ fail[2-3,20-21]
Asset turnover improvedn/a[2,6,21]
Cash, filings, liquidity
Cash and equivalents$45.8M[22]
Operating cash flow, four quarters$5.9M[5,22-26]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years2
NT 10-K or NT 10-Q
Days since last periodic filing64
10-Q received Aug 6, 2026
Median daily dollar volume$1.3M
63 sessions
Days since newest grade input212

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$937.3M2025-12-312026-03-1110-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$486.8M2025-12-312026-03-1110-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$293.3M2025-12-312026-03-1110-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss-$1.0B2025-12-312026-03-1110-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$16.3M2025-12-312026-03-1110-Kfiling · viewer · series
6assetsus-gaap:Assets$2.3B2024-12-312026-03-1110-Kfiling · viewer · series
7current assetsus-gaap:AssetsCurrent$155.4M2025-12-312026-03-1110-Kfiling · viewer · series
8current liabilitiesus-gaap:LiabilitiesCurrent$126.6M2025-12-312026-03-1110-Kfiling · viewer · series
9retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$1.1B2025-12-312026-03-1110-Kfiling · viewer · series
10operating incomeus-gaap:OperatingIncomeLoss-$1.0B2025-12-312026-03-1110-Kfiling · viewer · series
11book equityus-gaap:StockholdersEquity$594.6M2025-12-312026-03-1110-Kfiling · viewer · series
12liabilitiesus-gaap:Liabilities$342.7M2025-12-312026-03-1110-Kfiling · viewer · series
13shares outstandingdei:EntityCommonStockSharesOutstanding72,332,6602026-08-032026-08-0610-Qfiling · viewer · series
14net incomeus-gaap:NetIncomeLoss-$116.9M2024-12-312026-03-1110-Kfiling · viewer · series
15long term debtus-gaap:LongTermDebt$417.0M2024-12-312025-05-2810-Kfiling · viewer · series
16current assetsus-gaap:AssetsCurrent$455.6M2024-12-312026-03-1110-Kfiling · viewer · series
17current liabilitiesus-gaap:LiabilitiesCurrent$535.3M2024-12-312026-03-1110-Kfiling · viewer · series
18shares outstandingdei:EntityCommonStockSharesOutstanding72,292,6542026-03-062026-03-1110-Kfiling · viewer · series
19shares outstandingdei:EntityCommonStockSharesOutstanding71,489,0002025-05-232025-05-2810-Kfiling · viewer · series
20gross profitus-gaap:GrossProfit$177.6M2024-12-312026-03-1110-Kfiling · viewer · series
21revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$284.9M2024-12-312026-03-1110-Kfiling · viewer · series
22cashus-gaap:CashAndCashEquivalentsAtCarryingValue$45.8M2026-06-302026-08-0610-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$3.3M2026-06-302026-08-0610-Qfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$57,0002026-03-312026-05-0710-Qfiling · viewer · series
25operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$4.6M2025-09-302025-11-1010-Qfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$13.7M2025-06-302026-08-0610-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026