Integral Ad Science Holding Corp.

Integral Ad Science Holding Corp.

IAS·NASDAQ

$10.34

+0.0000%
Communication ServicesAdvertising Agencies

Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, Germany, Italy, Spain, Sweden, Singapore, Australia, France, Japan, Canada, India, and Brazil. The company provides IAS Signal, a cloud-based technology platform that offers actionable insights; and deliver independent measurement and verification of digital advertising across devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video. Its digital media quality solutions offer ad fraud detection and prevention, viewability, brand safety and suitability, contextual targeting, inventory yield management, and reporting. The company offers Quality Impressions, a metric designed to verify that digital ads are served to a real person rather than a bot, viewable on-screen, and presented in a brand-safe and suitable environment in the correct geography; Context Control solution that delivers contextual targeting and brand suitability capabilities; pre-bid programmatic and post-bid verification solutions for advertisers; and optimization and verification solutions for publishers. It serves advertisers and agencies, publishers, advertising/audience networks, and supply side platforms. The company was founded in 2009 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$1.74B
EPS0.2300
P/E Ratio44.96
Earnings Date02/27/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is elevated (P/E 45.0).

Valuation inputs: P/E 45.0, earnings yield +2.2%, momentum 0.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +3.8%, ROIC +3.9%).

Profitability stack: net margin +7.1%, ROE +3.8%, ROIC +3.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +12.5%, momentum 0.0%, net margin +7.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

ias

Integral Ad Science Holding Corp. Market vs Earnings Trajectory

IAS · NASDAQ

Loading price and EPS data...

Integral Ad Science Holding Corp.

Integral Ad Science Holding Corp. Fair Value Envelope

IAS · NASDAQ

Our analysis suggests that IAS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $10.34, this represents a potential HIDDEN relative to our calculated worth for Integral Ad Science Holding Corp..

Intrinsic Value
Current Price: $10.34
3Y-162.0%
5Y-168.0%
10Y-168.0%
3Y+64.0%
5Y+148.0%
10Y+148.0%
3Y-172.0%
5Y-174.0%
10Y-174.0%
3Y+85.0%
5Y-6459.0%
10Y-6459.0%
3Y+55.0%
5Y-931.0%
10Y-931.0%
3Y+2.0%
5Y+32.0%
10Y+32.0%
Integral Ad Science Holding Corp.

Integral Ad Science Holding Corp. Profit Bridge

IAS · NASDAQ
Revenue530.10M
Cost of Goods Sold (113.96M)
Gross Profit416.14M
Operating Expenses (355.75M)
Operating Income60.39M
Interest Expense (5.36M)
Other Income/Expense-5.36M
Pretax Income55.03M
Income Tax (17.23M)
Net Income37.80M
Net Income
37.80M

Profitability Analysis

Gross Margin

78.5%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

11.4%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

7.1%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

31.3%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

78.50%
Gross Profit Margin
-1%
3Y-6.0%
5Y-7.0%
10Y-7.0%
11.39%
Operating Profit Margin
216%
3Y-212.0%
5Y-172.0%
10Y-172.0%
7.13%
Net Profit Margin
367%
3Y-144.0%
5Y-130.0%
10Y-130.0%
3.75%
Return on Equity
371%
3Y-155.0%
5Y-134.0%
10Y-134.0%
3.28%
Return on Assets
440%
3Y-171.0%
5Y-156.0%
10Y-156.0%
3.85%
Return on Invested Capital
69%
3Y-234.0%
5Y-226.0%
10Y-226.0%
IAS

Integral Ad Science Holding Corp. Cash Conversion Engine

IAS · NASDAQ
Net Income37.80M
Depreciation & Amortization63.97M
Stock-Based Compensation59.76M
Change in Working Capital-30.76M
Others3.55M
Capital Expenditures-40.54M
Free Cash Flow77.35M

Cash Flow Quality Analysis

FCF Conversion Rate

204.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

34.4%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

-21.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$30.76M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Integral Ad Science Holding Corp. Funding & Solvency Profile

IAS · NASDAQ
Cash & Cash Equivalents129.20M
Net Receivables133.62M
Inventory0.00
Other Current Assets54.09M
Total Current Assets317 M
Property, Plant & Equipment24.18M
Goodwill & Intangible Assets854.98M
Long-Term Investments2.44M
Other Non-Current Assets6.56M
Total Non-Current Assets33 M
Total Assets
1.21B

Financial Health Analysis

Current Ratio

4.43x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.09x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

246 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

26% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

ias

Integral Ad Science Holding Corp. Street Expectations Map

IAS · NASDAQ

Wall Street analysts project that IAS stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 10.30, with estimates ranging from a low of 10.30 to a high of 10.30.

Lowest Target
10.30
-0.39%
Consensus Target
10.30
-0.39%
Highest Target
10.30
-0.39%

The consensus 1-year price target stands at 10.30, with estimates ranging from a low of 10.30 to a high of 10.30.

Analyst Consensus Analysis

Upside Potential

-0.4%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

1.00x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

ias

Integral Ad Science Holding Corp. Insider Positioning

IAS · NASDAQ

During the last 12 months, insiders have sold $153K worth of IAS shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

15.0K

153.31K

Net Activity

-153K

-$153K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
UL

Utzschneider Lisa

Director, Officer: Chief Executive Officer

12.2K shares1 transactions

$125K

2
GAI

Gil Alexis Ii

Officer: Chief Accounting Officer

2.8K shares1 transactions

$29K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $153K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

IAS has not reported any dividend yield values in the available annual periods.

 

ias Dividend History

IAS
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%