TechTarget, Inc. Common Stock (TTGT)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 78,656 | 275,983 | 278,519 | 237,405 | 230,436 | 226,668 | 212,106 | 238,022 | 307,089 | 344,523 | 364 | 374,144 | 375,133 | 361,623 | 99,383 | 109,038 | 93,841 | 82,616 | 57,408 | 50,390 |
| Short-term investments | US$ in thousands | — | 77,705 | 77,310 | 101,980 | 100,749 | 99,601 | 97,392 | 96,279 | 45,590 | 20,210 | 20 | 19,907 | 20,020 | 20,076 | 5,085 | 84 | 84 | 84 | 5,064 | 5,023 |
| Receivables | US$ in thousands | 73,202 | 79,039 | 40,438 | 42,774 | 36,880 | 39,239 | 43,342 | 50,988 | 51,375 | 60,359 | 61 | 60,176 | 51,009 | 51,095 | 45,528 | 39,718 | 37,589 | 40,183 | 24,380 | 25,568 |
| Total current liabilities | US$ in thousands | 182,857 | 535,257 | 38,677 | 41,570 | 43,552 | 36,990 | 38,658 | 39,765 | 47,402 | 57,888 | 60 | 70,373 | 65,449 | 70,000 | 63,264 | 52,294 | 46,724 | 46,418 | 18,216 | 19,339 |
| Quick ratio | 0.83 | 0.81 | 10.25 | 9.19 | 8.45 | 9.88 | 9.13 | 9.69 | 8.52 | 7.34 | 7.42 | 6.45 | 6.82 | 6.18 | 2.37 | 2.85 | 2.81 | 2.65 | 4.77 | 4.19 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($78,656K
+ $—K
+ $73,202K)
÷ $182,857K
= 0.83
The quick ratio of TechTarget, Inc. across various reporting periods indicates a generally strong liquidity position throughout most of the analyzed timeframe. During the periods from June 30, 2020, to June 30, 2022, the company maintained a high quick ratio, fluctuating primarily between approximately 2.65 and 7.42. These elevated levels suggest that TechTarget had a substantial cushion of liquid assets relative to its current liabilities, signifying robust short-term financial health and the ability to meet immediate financial obligations without reliance on inventory sales.
From September 30, 2022, onward, the quick ratio remained consistently above 7. indicating an enhancement in liquidity or a reduction in current liabilities relative to liquid assets, thereby reinforcing the company's solid liquidity position. Notably, the ratio peaked at 10.25 on September 30, 2024, demonstrating an increasingly conservative liquidity stance or improved asset management.
However, a significant change appears toward the end of the data set, with the quick ratio declining sharply to below 1, specifically at 0.81 on March 31, 2025, and maintaining a similar level of 0.83 on June 30, 2025. This dramatic decrease suggests a considerable deterioration in immediate liquidity, potentially due to an increase in current liabilities, a reduction in liquid assets, or a combination of both. Such a decline warrants further investigation to understand the underlying causes and assess its impact on the company's short-term financial stability.
Overall, the historical trend indicates that TechTarget, Inc. generally maintained strong liquidity during most of the period analyzed, but recent figures highlight a potential concern regarding its ability to quickly satisfy short-term liabilities, thereby marking a significant shift in its liquidity profile at the end of the period.
Peer comparison
Jun 30, 2025