Companies: 10,795·Total market cap: $144.5T
AdTheorent Holding Company, Inc.

AdTheorent Holding Company, Inc.

ADTHNASDAQCommunication Services
$3.21
+$0.01(+0.16%)
Market Cap$294520911
P/E Ratio—
52W High$3.98
52W Low$1.11
Free Cash FlowFinancialsRevenue

AdTheorent Holding Company, Inc. (ADTH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ADTH · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$2.5M for FY2023 (fiscal year ending 2023-12-31), down 122.9% year-over-year The FCF margin was -1.4%.

FY2023 Free Cash Flow−$2.5M▼ -122.9% YoY
Trailing 12M (TTM)−$5.6Mtrailing 4 quarters sum
FCF Margin-1.4%−$2.5M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
adth free cash flow history · adth free cash flow chart · adth free cash flow growth rate · adth free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2023Latest−$2.5M▼ 122.9%-1.4%
FY2022$10.8M▲ +225.3%6.5%
FY2021−$8.6M▼ 157.0%-5.2%
FY2020$15.1M▲ +50.0%12.5%
FY2019$10.1M—8.4%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
adth free cash flow 2023 · adth free cash flow 2022 · adth free cash flow 2021 · adth operating cash flow

FCF valuation metrics

AdTheorent Holding Company, Inc. (ADTH) reported negative free cash flow of −$0.00B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2023 · 2023-12-31
adth price to free cash flow · adth free cash flow yield · adth free cash flow per share · adth price to cash flow ratio

Cash flow statement summary

For FY2023, AdTheorent Holding Company, Inc. generated $2.9M in operating cash flow and spent 5M in capital expenditures, yielding −$2.5M in free cash flow.

Operating Activities
+$2.9M
Cash from core business operations
2023-12-31
Investing Activities
−$5.4M
CapEx, acquisitions & investments
2023-12-31
Financing Activities
+$0.2M
Buybacks, dividends & debt
2023-12-31
FCF FormulaOperating CF ($2.9M) − |CapEx| (5M) = FCF (−$2.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
adth cash flow statement · adth cash flow statement 2023 · adth operating cash flow · adth cash flow from operations

Free cash flow vs peers (Communication Services)

#CompanyFree Cash FlowYoY
#1
AdTheorent Holding Company, Inc.
AdTheorent Holding Company, Inc.YOU
ADTH
−$2.5M-122.9%
#2
Alphabet Inc.
Alphabet Inc.
GOOGL
$73.27B+0.7%#3
Alphabet Inc.
Alphabet Inc.
GOOG
$73.27B+0.7%#4
Meta Platforms, Inc.
Meta Platforms, Inc.
META
$46.11B-14.7%#5
Verizon Communications, 5.9% 15 Feb 2054
Verizon Communications, 5.9% 15 Feb 2054
VZA
$19.68B+4.0%#6
Netflix, Inc.
Netflix, Inc.
NFLX
$9.46B+36.7%
Communication Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

AdTheorent Holding Company, Inc. (ADTH) reported free cash flow of −$2.5M for FY2023 (fiscal year ending 2023-12-31), down 122.9% year-over-year. The FCF margin was -1.4%.

Based on available data, AdTheorent Holding Company, Inc. has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $15.1M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

ADTH free cash flow · 8 questions

AdTheorent Holding Company, Inc. free cash flow was −$2.5M for FY2023, down 122.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$5.6M.

ADTH free cash flowADTH FCFADTH FCF 2023ADTH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · AdTheorent Holding Company, Inc. · AdTheorent Holding Company, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026