0001193125-26-051281
SEC filingTripadvisor, Inc. (TRIP) reported FY 2025 revenue of $1.89B, with operating income of $80.0M and net income of $40.0M for the year ended December 31, 2025. Total costs and expenses reached $1.81B, driven by marketing expenses of $791.0M and personnel costs of $573.0M, including $108M in stock-based compensation. Operating income reflects a $43.0M restructuring charge. Interest expense of $63.0M was partially offset by $40.0M interest income, resulting in income before taxes of $45.0M and a $5.0M tax benefit. Balance sheet shows total assets of $2.62B, with $1.03B cash and equivalents, offset by $1.98B liabilities including $1.17B total debt. Stockholders' equity stands at $645.0M. Operating cash flow was strong at $245.0M, despite $84.0M investing outflows and $197.0M financing uses, mainly from $411.0M merger-related stock repurchases and $90.0M share repurchases. Net cash decreased $29.0M, ending at $1.02B. These results highlight operational cash generation amid restructuring and capital returns, positioning liquidity for future investments.
Tripadvisor, Inc. reported FY 2025 results with revenue of $1.89B, up from prior periods based on disclosed figures including personnel stock-based compensation comparisons of $108M in 2025 versus $120M and $96M previously (Note 13). Operating income was $80.0M after total costs and expenses of $1.81B. Net income reached $40.0M, or $0 basic and diluted EPS on 125.0M basic and 131.0M diluted shares. Income before taxes was $45.0M, aided by a $5.0M tax benefit. Key expenses included marketing $791.0M, personnel $573.0M, and $43.0M restructuring costs (Note 7). Balance sheet totaled $2.62B assets and liabilities plus $645.0M equity. No prior year full figures provided for direct YoY computation, but cash flow reflects robust operations.
Revenue totaled $1.89B (Note 2, Note 18). No segment breakdowns or geographic mix disclosed in the provided data. Growth drivers not specified. Deferred merchant payables of $308.0M and deferred revenue $53.0M indicate ongoing booking activity (Note 2). Accounts receivable net $209.0M with $27M credit loss allowance.
Operating margin approximated 4.2% ($80.0M / $1.89B). No gross profit explicitly stated; cost of sales $145.0M suggests strong topline absorption. Expenses dominated by marketing 42% of revenue and personnel 30%. Depreciation $92.0M and restructuring $43.0M pressured profitability. Stock-based compensation $108.0M embedded in personnel. Interest net expense $23.0M after $40.0M income.
Operating cash flow $245.0M from $40.0M net income plus $92.0M depreciation, $108.0M stock compensation, offset by working capital changes like -$46.0M payables/accruals and +$52.0M deferred merchant payables. Investing -$84.0M mainly $82.0M capex. Financing -$197.0M driven by $411.0M merger stock repurchases, $90.0M share program, $341.0M Term Loan B proceeds, -$9.0M principal paydown. Liquidity strong with $1.03B cash vs. $998.0M current liabilities, total debt $1.17B ($353.0M current, $819.0M long-term). Equity $645.0M includes $316.0M retained earnings.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing excerpt. Restructuring costs (Note 7) and merger activities (Note 1) suggest reorganization focus. Debt activities (Note 8) including Term Loan B indicate financing for growth or returns.