Criteo S.A.

Criteo maintains a conservative capital structure with zero debt-to-equity and a current ratio of 1.28, supported by $319.98 million in cash and equivalents. The company generated $48.21 million in operating cash flow during Q1 2026, while deploying $30.97 million toward share repurchases, indicating active capital return despite a net cash decrease of $22.06 million driven by investing activities. Liquidity risk is assessed as low, reflecting sufficient short-term assets to cover liabilities.

Profitability metrics show a return on equity of 12.76% and return on assets of 6.98%, with a net income of $7.82 million on $424.64 million in revenue. The gross profit of $222.74 million yields a gross margin of approximately 52.5%, while operating income of $10.40 million suggests tight operating leverage. Valuation multiples are compressed, with a P/E of 7.35, EV/EBITDA of 3.52, and EV/Revenue of 0.37, indicating the market prices the stock at a significant discount to earnings and sales relative to typical software peers.

This is the first analysis for Criteo S.A. (CRTO), meaning there is no prior basis for computing material changes in the company's profile. Consequently, no significant shifts in operational metrics, financial performance, or strategic direction can be established from a comparative standpoint at this time. The only recorded activity involves minor adjustments to a single holder's position. Specifically, investor ID 587 modified their share count between 94.0 and 105.0 shares as of March 31, 2026. These changes, detected in late June 2026, represent negligible value fluctuations, with the position valued at approximately $0.0017 million to $0.0019 million. In terms of broader market structure, Criteo S.A. currently has no reported officers, analysts, or index memberships. The company's ownership structure is characterized by 18 top holders, though no specific details regarding their identities or influence are provided in the current data set. Given the absence of material changes and the minimal nature of the holder adjustments, there are no immediate implications for investors based on the available facts. The lack of analyst coverage and index membership further suggests limited current visibility in major financial tracking systems.

Criteo generated $1.05 billion in gross profit for FY2025, demonstrating strong top-line efficiency and margin preservation capabilities.

Net income grew at a 44.7% compound annual growth rate from FY2023 to FY2025, showing robust bottom-line expansion.

With a debt-to-equity ratio of 0.88, Criteo maintains a medium leverage band, suggesting manageable financial risk levels.

Revenue declined by 0.6% year-over-year in FY2025, signaling stagnation in top-line growth and potential market saturation.

Operating income fell 25.3% year-over-year in FY2025, reflecting significant pressure on core operational profitability metrics.

The company faces medium dilution risk, which could negatively impact existing shareholder value and earnings per share.

A current ratio of 1.27 suggests limited short-term liquidity buffers compared to more conservative financial standards.

Revenue $424.6M; Operating income $10.4M.

• ▍Revenue $424.6M
• ▍Operating income $10.4M
• ▍Net margin 1.8%

Revenue $934.1M; Operating income $78.6M.

• ▍Revenue $934.1M
• ▍Operating income $78.6M
• ▍Net margin 6.3%

Revenue $451.4M; Operating income $48.2M.

• ▍Revenue $451.4M
• ▍Operating income $48.2M
• ▍Net margin 8.4%

Revenue $1.94B; Operating income $202.8M.

• ▍Revenue $1.94B
• ▍Operating income $202.8M
• ▍Net margin 7.4%

Revenue $1.93B; Operating income $151.4M.

• ▍Revenue $1.93B
• ▍Operating income $151.4M
• ▍Net margin 5.8%

Revenue $1.93B; Operating income $151.4M.

• ▍Revenue $1.93B
• ▍Operating income $151.4M
• ▍Net margin 5.8%

Revenue $1.95B; Operating income $77.2M.

• ▍Revenue $1.95B
• ▍Operating income $77.2M
• ▍Net margin 2.7%

Revenue $1.95B; Operating income $77.2M.

• ▍Revenue $1.95B
• ▍Operating income $77.2M
• ▍Net margin 2.7%