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Related Party Transactions
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

12. Related Party Transactions

Revenue and other transactions entered into in the ordinary course of business

Informa TechTarget enters into revenue arrangements in the ordinary course of business with the Parent and its affiliates, which resulted in recording immaterial revenue and cost of revenues during each of the three and six months ended June 30, 2026 and 2025.

Revolving line of credit

On December 2, 2024, Informa TechTarget entered into a related party loan arrangement with the Informa Group Holdings Limited, which provides Informa TechTarget with a $250.0 million unsecured five-year revolving Credit Facility, which has been drawn upon as of June 30, 2026. Informa TechTarget has paid $1.9 million in certain fees related to the Credit Facility, which have been capitalized and included in other non-current assets. Amortization of these commitment fees into interest expense have not been material for the three months ended June 30, 2026 and 2025, respectively.

As of June 30, 2026 and December 31, 2025, Informa TechTarget had $120.1 million and $106.7 million, respectively, drawn in revolving loans under the Credit Facility. Informa TechTarget borrowed $13.4 million under the Credit Facility during the six months ended June 30, 2026.

Interest expense

Interest expense on borrowings under the Credit Facility is recorded within related party interest expense within the accompanying unaudited condensed consolidated statements of income (loss) and comprehensive income (loss) as follows:

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 Related party interest expense

$

2,166

 

 

$

2,815

 

 

$

4,300

 

 

$

4,628

 

The accrued interest expense related to long-term debt to Parent was immaterial as of June 30, 2026, and is recorded in related party payables within the accompanying unaudited condensed consolidated balance sheets.

Related party receivables and payables

Informa TechTarget has receivables and payables with the Parent arising from transactions entered into in the ordinary course of business with the Parent, such as related party sales, shared and corporate cost recharges, including payroll and employee related costs, acquisition and integration costs and central operating costs.

Related party receivables and payables are recorded in the accompanying unaudited condensed consolidated balance sheets as follows:

 

As of

 

 

June 30, 2026

 

 

December 31, 2025

 

 Related party receivable

$

1,359

 

 

$

4,019

 

 Related party payables

$

5,051

 

 

$

5,671

 

Settlement patterns of related party payables vary from transaction to transaction and are repaid on a non-routine basis. Changes in related party receivables and payables are presented in operating activities in the unaudited condensed consolidated statement of cash flows.

Service agreements

In connection with the Merger, Informa TechTarget entered into a transitional service agreement with Informa Group Limited to receive certain business support services for generally up to 18 months after the closing for an initial monthly fee which approximated $2.0 million and decreases over the course of the agreement. These services include, but are not limited to, IT services, accounting & financial services, HR & payroll services, property services, and business support services. In connection with the Merger, Informa TechTarget also entered into various arrangements with employees of the Parent and its subsidiaries, including the Company's Chief Executive Officer, to perform services for Informa TechTarget under a secondment arrangement. For the three and six months ended June 30, 2026, Informa TechTarget had incurred $5.4 million and $11.2 million, respectively, for these transitional and secondment services, which are classified within general and administrative expenses. For the three and six months ended June 30, 2025, Informa TechTarget had incurred $4.9 and $10.3 million, respectively, for these transitional and secondment services. For the three and six months ended June 30, 2026, the Company incurred related party acquisition and integration costs of $1.0 million and $2.0 million, respectively. For the three and six months ended June 30, 2025, the Company incurred related party acquisition and integration costs of $5.1 million and $5.4 million, respectively. In the Company’s previously filed Form 10-Q for the quarterly period ended June 30, 2025, the Company incorrectly disclosed the related party acquisition and integration costs as $12.1 million and $19.4 million, for the three and six months ended June 30, 2025, respectively. This immaterial error did not impact total acquisition and integration costs or total net income. These amounts have been corrected in this Form 10-Q for the quarterly period ended June 30, 2026.

Other

As discussed in Note 6. Intangible Assets, in May 2026, the Company sold to Informa certain intangible assets associated with the platform known as GDC Vault for a sale price of $1.8 million. The entire $1.8 million was received in cash and was recorded as a gain within other income (expense), net in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss), as there was no carrying value associated with the intangible assets sold.