INTEGRAL AD SCIENCE HOLDING (IAS) Company Report

Integral Ad Science (IAS) reported total revenue of $154.4 million for Q3 2025, marking a 16% increase compared to the prior-year period.
For Q3 2025, the company achieved net income of $7.0 million ($0.04 per share) and adjusted EBITDA of $55.3 million, which is a 9% increase from the prior-year period.
As of September 30, 2025, IAS held $129.2 million in cash and cash equivalents.
On September 24, 2025, IAS announced a definitive agreement to be acquired by Novacap in an all-cash transaction, and as a result, the company will not host a quarterly earnings conference call or provide a financial outlook.

Nov 4, 2025, 12:40 PM

8-K

Integral Ad Science Reports Q3 2025 Results and Announces Acquisition by Novacap

IAS

Earnings

M&A

Integral Ad Science reported total revenue of $154.4 million for the third quarter ended September 30, 2025, marking a 16% increase compared to the prior-year period, with net income of $7.0 million and adjusted EBITDA of $55.3 million.
On September 24, 2025, IAS announced it entered into a definitive agreement to be acquired by Novacap in an all-cash transaction.
As a result of the announced acquisition, IAS will not host a quarterly earnings conference call or provide a financial outlook.

Nov 4, 2025, 12:35 PM

Press Release

Integral Ad Science Launches AI-Driven Brand Safety Measurement for Meta Threads

IAS

Product Launch

New Projects/Investments

Integral Ad Science (IAS) has launched its AI-driven Total Media Quality (TMQ) Brand Safety & Suitability Measurement for Meta's Threads, providing independent third-party measurement on the platform for the first time.
The new offering utilizes IAS's AI-driven Multimedia Technology for content-level analysis, supporting advertisers with validation, insights, and classification across 34 languages.
This expansion strengthens IAS's partnership with Meta, building on existing coverage for Facebook and Instagram Feed and Reels.
Meta's Threads is a rapidly growing platform, with over 400 million global monthly active users (MAUs) as of August 2025.

Oct 16, 2025, 1:00 PM

Press Release

Integral Ad Science Holding Corp. Announces Merger Agreement

IAS

M&A

Debt Issuance

Integral Ad Science Holding Corp. (IAS) entered into an Agreement and Plan of Merger with Igloo Group Parent, Inc. and Igloo Group Acquisition Company, Inc. on September 24, 2025, under which IAS will become a wholly-owned subsidiary of Igloo Group Parent, Inc..
The merger is financed by an equity commitment of up to $857,800,000 from Novacap-affiliated funds and $1,150,000,000 in debt financing, consisting of a $1,000,000,000 term loan and a $150,000,000 revolving credit facility, provided by Royal Bank of Canada, Bank of America, N.A., and Barclays Bank PLC.
The closing of the merger is scheduled to occur no earlier than November 23, 2025.

Sep 24, 2025, 9:29 PM

8-K

Novacap to Acquire Integral Ad Science for $1.9 Billion

IAS

M&A

Takeover Bid

Delisting/Listing Issues

Private equity firm Novacap is acquiring Integral Ad Science (IAS) in a $1.9 billion all-cash deal, valuing IAS shares at $10.30 each, which represents a 22% premium over the recent closing price.
The transaction will take IAS private, with its stock delisting from public markets, and is expected to close by the end of 2025.
IAS has demonstrated robust financial performance, including a revenue growth rate of 12.4% over the past three years, a gross margin of 78.03%, and an Altman Z-Score of 9.51, indicating strong financial health.
Shareholders holding a majority of the outstanding shares have already approved the deal by written consent, and current shareholder Vista Equity Partners will conclude its investment upon closing.

Sep 24, 2025, 12:44 PM

Bloomberg

Integral Ad Science to be Acquired by Novacap

IAS

M&A

Takeover Bid

Delisting/Listing Issues

Integral Ad Science (IAS) has entered into a definitive agreement to be acquired by Novacap, a North American private equity firm.
The all-cash transaction values IAS at approximately $1.9 billion.
IAS shareholders will receive $10.30 per share in cash, which represents a 22% premium to IAS’s closing share price on September 23, 2025.
The transaction, unanimously approved by the IAS Board of Directors, is expected to close before the end of 2025.
Upon completion, IAS will become a privately held company, and its common stock will no longer be listed on any public market.

Sep 24, 2025, 12:14 PM

8-K

IAS to be Acquired by Novacap

IAS

M&A

Takeover Bid

Integral Ad Science (IAS) announced it has entered into a definitive agreement to be acquired by Novacap, a private equity firm, in an all-cash transaction.
The transaction values IAS at approximately $1.9 billion.
Under the terms of the agreement, IAS shareholders will receive $10.30 per share in cash, representing a premium of approximately 22% to IAS's closing share price on September 23, 2025.
The acquisition is expected to close before the end of 2025, subject to customary closing conditions, after which IAS will become a privately held company and its common stock will no longer be listed on any public market.

Sep 24, 2025, 12:00 PM

Press Release

Integral Ad Science Discusses Q2 2025 Performance and Strategic Growth Initiatives

IAS

Revenue Acceleration/Inflection

New Projects/Investments

M&A

Integral Ad Science (IAS) reported strong Q2 2025 results, with 16% top-line growth and a 35% EBITDA margin, driven by continued demand in key growth vectors including social, programmatic/performance, and CTV.
IAS emphasizes its "AI first" approach, with AI classification models now 98% faster and 45% more accurate, and is expanding its global presence, with over 50% of TikTok revenue being international.
The company is investing in the mid-market segment, which is contributing to growth, and has strengthened its balance sheet by paying off long-term debt and extending its credit facility, providing capacity for future M&A in areas like CTV and outcomes.

Aug 12, 2025, 4:10 PM

Integral Ad Science Holding Corp. Announces Q2 2025 Results

IAS

Earnings

Revenue Acceleration/Inflection

Integral Ad Science Holding Corp. reported Q2 2025 revenue of $149.2 million, marking a 16% year-over-year growth.
The company achieved Adjusted EBITDA of $51.6 million with an Adjusted EBITDA margin of 35% in Q2 2025.
As of June 30, 2025, IAS maintained a strong financial position with $91 million in cash and no outstanding debt.
Key business metrics for Q2 2025 include 240 large advertising customers and a Net Revenue Retention (NRR) of 110%.

Aug 7, 2025, 9:00 PM

Presentation

Integral Ad Science Expands Credit Facility and Boosts Borrowing Capacity

IAS

Debt Issuance

On June 17, 2025, Integral Ad Science completed the Second Amendment to its Credit Agreement, with all required lender consents received and no Default or Event of Default, marking a key milestone in its expanded credit facility .
The amendment extends the maturity of the revolving credit facility to June 17, 2030 and introduces a $30 million swingline loan sub-facility alongside existing sublimits .
An enhanced accordion feature now allows borrowings to increase from $300 million to at least $550 million, subject to lender approval .
The credit facility also includes established $100 million currency and $30 million standby letter of credit sublimits .
As of March 31, 2025, IAS maintained a robust liquidity profile with $59 million in cash and cash equivalents .
The legal agreement is binding among IAS, its subsidiaries, and PNC Bank, National Association serving as the administrative agent .