Forensic Analysis · Communication Services / Telecom · as of Sep 25, 2026
Techtarget, Inc. (TTGT)
A forensic read on Techtarget, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-10.1
Distress distance
Clean
Earnings quality
4
Forensic signals
-1.5
P / E (ttm)
-169.6%
ROE
$273M
Market cap
0.00%
Dividend yield
70.9%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Techtarget, Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -10.1, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-105.2%
FY2025
Return on invested capital.Return on invested capital is -105.2% in the latest fiscal year, against -6.5% in FY2024. After-tax operating profit was ($94M) in FY2024 and ($810M) in FY2025, with operating income at -41.8% of revenue in FY2024 and -210.7% in FY2025. The capital base behind it cannot be compared across FY2024–FY2025: long-term debt is tagged in one of those two fiscal years and not the other, and an untagged line enters this calculation as zero, so any change in the base would be a change in what the filer tagged. FY2024's operating profit carried a $117M asset write-down and a $66M goodwill write-off that took about 9.9 points off that year's return, and FY2025's carried a $1.0B asset write-down, a $932M goodwill write-off and a $15M restructuring charge that took about 200.5 points off the latest; so, net of each other, the two charges take about 190.6 points off the -98.7-point change across FY2024–FY2025.
+62.8%/yr
FY2024–FY2025
Share-count dilution.Diluted share count changed +63% over the last 1 year to FY2025 (+62.8%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~62.8% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~39%.
4% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 4% of revenue and 120% of free cash flow in FY2025 — about $0.27 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 62.8% a year, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$486.8M
Revenue Growth YoY+70.9%
Net Margin-207.1%
Free Cash Flow$15.9M
Return on Equity-169.6%
Debt / Equity0.70x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Techtarget, Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 25, 2026. Forensic signals flag probability, not certainty.
Techtarget, Inc. (TTGT) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
$998M
FY2024–FY2025
Goodwill impairments.Took $998M of goodwill writedowns across 2 years (FY2024 ($66M), FY2025 ($932M)). Writedowns mean past acquisitions underperformed what was paid for them.