AdTheorent Holding Company, Inc.
Technology · Services-Computer Programming, Data Processing, Etc. · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|
| Revenue | $170.8M | $166.1M | $165.4M | $121.0M |
| Operating income | −$2.8M | $1.3M | $979,000 | $12.1M |
| Net income | $7,000 | $29.3M | $26.2M | $7.3M |
| Total assets | $206.1M | $190.6M | $213.5M | $124.0M |
| Total liabilities | $40.9M | $35.2M | $101.7M | $62.7M |
| Equity | $165.2M | $155.4M | $113.3M | $61.9M |
| EPS (diluted) | $0.00 | $0.32 | $0.39 | $0.12 |
| Shares out. | 87.6M | 85.7M | 85.7M | 59.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −1.6%
- Net margin
- 0.0%
- Return on equity
- 0.0%
- Return on assets
- 0.0%
- Return on capital (ROCE)
- −1.6%
- Liabilities / assets
- 19.9%
- Debt / equity
- 0.25×
- Book value / share
- $1.88
- Revenue growth (YoY)
- 2.8%
- Net income growth (YoY)
- −100.0%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- 8.83safe
- Accruals / assets
- −1.4%clean
- Beneish M-Score
- -2.32normal
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 1 warning● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 16, 2021
- NT 10-Qmissed a reporting deadline ↗May 17, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Black John RichardDirector | Jun 21, 2024 | D | 104,851 | $3.21 |
| H.I.G. Growth - Adtheorent, Llc10% owner | Jun 21, 2024 | D | 32.9M | $3.21 |
| Todd William JamesOfficer — Chief Revenue Officer | Jun 21, 2024 | D | 190,405 | $3.21 |
| Kiarie KiharaDirector | Jun 21, 2024 | D | 143,268 | $3.21 |
| Elliott Patrick AllenOfficer — Chief Financial Officer | Jun 21, 2024 | D | 528,088 | $3.21 |
| Mehra VineetDirector | Jun 21, 2024 | D | 143,268 | $3.21 |
| Lawson James AOfficer — Chief Executive Officer | Jun 21, 2024 | D | 2.5M | $3.21 |
| Tatta BenDirector | Jun 21, 2024 | D | 143,268 | $3.21 |
| Anderson Andrew LOfficer — Chief Technology Officer | Jun 21, 2024 | D | 291,825 | $3.21 |
| Mcap Acquisition, Llc10% owner | Dec 22, 2021 | Conversion | 7.9M | — |
| Mehra VineetDirector | Apr 3, 2024 | Grant | 48,387 | $0.00 |
| Tatta BenDirector | Apr 3, 2024 | Grant | 48,387 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventJun 21, 2024
- Shareholder voteJun 18, 2024
- Other material eventMay 16, 2024
- Other material eventMay 7, 2024
- Other material eventMay 7, 2024
- Results of operationsMay 2, 2024
- Entered a material agreement · Regulation FD disclosure · Other material eventApr 1, 2024
- Results of operationsMar 12, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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