NYSE : ZETA
Zeta Global Holdings Corp. — Financial statements
Technology · Software - Infrastructure · United States
Last price 31.17 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.82B
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Financial statements
Zeta Global Holdings Corp. (ZETA) reported revenue of 1.57B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.57B | 1.30B | 1.01B | 728.72M | 590.96M | 458.34M |
| Cost of Revenue | 636.55M | 513.59M | 399.55M | 274.48M | 215.47M | 174.72M |
| Gross Profit | 934.32M | 791.08M | 606.20M | 454.24M | 375.50M | 283.62M |
| Selling, General & Admin | 650.85M | 573.06M | 519.11M | 493.86M | 512.85M | 418.95M |
| Research & Development | 146.97M | 117.17M | 90.68M | 73.87M | 69.45M | 64.47M |
| Operating Expenses | 880.95M | 762.28M | 665.89M | 618.88M | 634.18M | 529.35M |
| Operating Income | 53.37M | 28.80M | -59.69M | -164.64M | -258.69M | -245.73M |
| Interest Expense | -1.53M | -371.00K | -7.15M | -10.94M | -7.30M | -7.03M |
| Currency Exchange Gain (Loss) | -357.00K | -357.00K | -864.00K | -620.00K | -993.00K | -1.28M |
| Other Non Operating Income (Expenses) | -1.85M | -1.01M | -410.00K | -5.00M | ||
| EBT Excluding Unusual Items | 49.63M | 27.07M | -67.70M | -176.20M | -267.40M | -259.04M |
| Merger & Restructuring Charges | -28.70M | -23.43M | -8.23M | -3.05M | -344.00K | -2.68M |
| Gain (Loss) on Sale of Assets | -266.00K | |||||
| Other Unusual Items | -30.46M | -36.72M | 979.00K | -7.20M | -12.99M | 11.83M |
| Pretax Income | -9.53M | -33.09M | -74.95M | -186.44M | -280.73M | -250.16M |
| Income Tax Expense | -7.36M | -1.58M | -5.18M | 1.04M | -1.49M | -598.00K |
| Net Income | -2.17M | -31.51M | -69.77M | -187.48M | -279.24M | -249.56M |
| Preferred Dividends & Other Adjustments | 7.06M | |||||
| Net Income to Common | -2.17M | -31.51M | -69.77M | -187.48M | -279.24M | -256.62M |
| Shares Outstanding (Basic) | 234.24M | 220.72M | 185.98M | 156.70M | 138.99M | 86.93M |
| Shares Outstanding (Diluted) | 234.24M | 220.72M | 185.98M | 156.70M | 138.99M | 86.93M |
| EPS (Basic) | -0.01 | -0.14 | -0.38 | -1.20 | -2.01 | -2.95 |
| EPS (Diluted) | -0.01 | -0.14 | -0.38 | -1.20 | -2.01 | -2.95 |
| Free Cash Flow | 224.41M | 185.09M | 108.13M | 70.04M | 56.25M | 34.81M |
| Free Cash Flow Per Share | 0.96 | 0.84 | 0.58 | 0.45 | 0.41 | 0.40 |
| Gross Margin | 59.48% | 60.63% | 60.27% | 62.33% | 63.54% | 61.88% |
| Operating Margin | 3.40% | 2.21% | -5.93% | -22.59% | -43.77% | -53.61% |
| Profit Margin | -0.14% | -2.42% | -6.94% | -25.73% | -47.25% | -55.99% |
| Free Cash Flow Margin | 14.29% | 14.19% | 10.75% | 9.61% | 9.52% | 7.60% |
| EBITDA | 115.94M | 80.27M | -25.87M | -113.49M | -206.81M | -199.81M |
| EBITDA Margin | 7.38% | 6.15% | -2.57% | -15.57% | -35.00% | -43.59% |
| D&A For EBITDA | 62.57M | 51.47M | 33.81M | 51.15M | 51.88M | 45.92M |
| EBIT | 53.37M | 28.80M | -59.69M | -164.64M | -258.69M | -245.73M |
| EBIT Margin | 3.40% | 2.21% | -5.93% | -22.59% | -43.77% | -53.61% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 309.95M | 319.76M | 366.16M | 131.73M | 121.11M | 103.86M |
| Cash & Short-Term Investments | 309.95M | 319.76M | 366.16M | 131.73M | 121.11M | 103.86M |
| Receivables | 327.13M | 322.39M | 235.23M | 170.13M | 106.32M | 83.58M |
| Prepaid Expenses | 28.45M | 28.97M | 13.35M | 6.27M | 7.15M | 6.97M |
| Other Current Assets | 12.20M | 14.66M | 1.81M | 1.62M | 1.87M | 1.65M |
| Total Current Assets | 677.73M | 685.78M | 616.54M | 309.75M | 236.45M | 196.06M |
| Property, Plant & Equipment | 40.00M | 34.49M | 17.66M | 14.05M | 13.37M | 5.63M |
| Goodwill | 524.71M | 527.89M | 325.99M | 140.91M | 133.07M | 114.51M |
| Other Intangible Assets | 219.98M | 249.46M | 144.13M | 80.91M | 81.07M | 79.00M |
| Long-Term Deferred Tax Assets | 1.13M | 1.21M | 619.00K | 728.00K | 745.00K | 956.00K |
| Other Long-Term Assets | 4.29M | 4.69M | 6.43M | 4.37M | 1.80M | 1.11M |
| Total Assets | 1.47B | 1.50B | 1.11B | 550.71M | 466.50M | 397.26M |
| Accounts Payable | 32.35M | 40.14M | 43.66M | 63.57M | 33.67M | 21.71M |
| Accrued Expenses | 165.24M | 179.09M | 121.40M | 85.45M | 72.36M | 63.98M |
| Current Portion of Leases | 10.55M | 8.94M | 3.63M | 1.79M | 2.14M | |
| Current Unearned Revenue | 33.86M | 35.40M | 10.35M | 3.30M | 2.23M | 6.87M |
| Other Current Liabilities | 42.56M | 165.92M | 20.29M | 22.27M | 18.31M | 13.20M |
| Total Current Liabilities | 284.57M | 429.48M | 199.34M | 176.38M | 128.71M | 105.76M |
| Long-Term Debt | 197.48M | 197.08M | 196.29M | 184.15M | 183.95M | 183.61M |
| Long-Term Leases | 12.21M | 11.71M | 7.14M | 6.60M | 7.88M | |
| Long-Term Deferred Tax Liabilities | 17.13M | 17.27M | ||||
| Other Long-Term Liabilities | 29.95M | 43.39M | 31.81M | 3.06M | 17.93M | 17.41M |
| Total Liabilities | 541.35M | 698.93M | 434.57M | 370.19M | 338.47M | 306.78M |
| Common Stock | 251.00K | 245.00K | 237.00K | 218.00K | 207.00K | 198.00K |
| Additional Paid-In Capital | 2.00B | 1.86B | 1.71B | 1.14B | 900.92M | 584.21M |
| Retained Earnings | -1.06B | -1.06B | -1.03B | -958.54M | -771.06M | -491.82M |
| Comprehensive Income & Other | -6.36M | 466.00K | -2.01M | -2.01M | -2.04M | -2.10M |
| Total Common Equity | 926.50M | 804.59M | 676.80M | 180.52M | 128.03M | 90.49M |
| Shareholders' Equity | 926.50M | 804.59M | 676.80M | 180.52M | 128.03M | 90.49M |
| Total Liabilities & Equity | 1.47B | 1.50B | 1.11B | 550.71M | 466.50M | 397.26M |
| Total Debt | 220.25M | 217.74M | 207.06M | 192.54M | 193.97M | 183.61M |
| Net Cash (Debt) | 89.70M | 102.02M | 159.10M | -60.81M | -72.86M | -79.75M |
| Net Cash Per Share | 0.38 | 0.46 | 0.86 | -0.39 | -0.52 | -0.92 |
| Filing Date Shares Outstanding | 251.01M | 244.12M | 237.72M | 218.42M | 207.42M | 199.20M |
| Total Common Shares Outstanding | 250.35M | 244.82M | 237.27M | 217.69M | 207.37M | 197.83M |
| Working Capital | 393.16M | 256.30M | 417.20M | 133.37M | 107.74M | 90.30M |
| Book Value Per Share | 3.70 | 3.29 | 2.85 | 0.83 | 0.62 | 0.46 |
| Tangible Book Value | 181.81M | 27.24M | 206.68M | -41.29M | -86.11M | -103.02M |
| Tangible Book Value Per Share | 0.73 | 0.11 | 0.87 | -0.19 | -0.42 | -0.52 |
| Machinery | 40.97M | 31.87M | 26.72M | 23.59M | 20.54M | |
| Leasehold Improvements | 4.88M | 2.70M | 2.41M | 2.31M | 2.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.17M | -31.51M | -69.77M | -187.48M | -279.24M | -249.56M |
| Depreciation & Amortization | 62.57M | 51.47M | 33.81M | 51.15M | 51.88M | 45.92M |
| Other Amortization | 20.57M | 20.57M | 22.29M | |||
| Stock-Based Compensation | 194.51M | 177.82M | 194.98M | 242.88M | 298.99M | 259.16M |
| Other Operating Activities | 18.26M | 28.62M | -8.25M | 9.23M | 10.14M | -7.43M |
| Change in Accounts Receivable | -63.47M | -77.23M | -41.84M | -64.05M | -19.83M | -1.16M |
| Change in Accounts Payable | -19.75M | -8.49M | -28.58M | 26.26M | 13.53M | -22.24M |
| Change in Unearned Revenue | -4.08M | -9.32M | 6.26M | 807.00K | -4.57M | 2.81M |
| Change in Other Net Operating Assets | 34.53M | 46.98M | 24.95M | 11.73M | 7.58M | 16.79M |
| Operating Cash Flow | 240.97M | 198.90M | 133.86M | 90.52M | 78.49M | 44.29M |
| Capital Expenditures | -16.56M | -13.81M | -25.73M | -20.48M | -22.23M | -9.48M |
| Cash Acquisitions | -139.91M | -90.31M | -55.82M | -18.25M | -9.21M | -20.09M |
| Sale (Purchase) of Intangibles | -22.41M | -20.09M | -16.04M | -15.49M | -17.00M | -17.27M |
| Investing Cash Flow | -178.89M | -124.21M | -97.59M | -54.22M | -48.45M | -46.85M |
| Long-Term Debt Issued | 6.25M | 209.10M | 11.25M | 5.62M | 183.31M | |
| Long-Term Debt Repaid | -6.25M | -197.50M | -11.25M | -5.62M | -180.75M | |
| Net Debt Issued (Repaid) | 11.60M | 2.57M | ||||
| Issuance of Common Stock | 8.98M | 6.48M | 235.54M | 3.30M | 2.94M | 127.48M |
| Repurchase of Common Stock | -118.67M | -120.97M | -42.19M | -13.44M | -9.61M | -64.47M |
| Other Financing Activities | -8.38M | -6.33M | -7.03M | -15.51M | -5.96M | -9.85M |
| Financing Cash Flow | -118.07M | -120.82M | 197.92M | -25.65M | -12.62M | 55.73M |
| Foreign Exchange Rate Adjustments | 627.00K | -265.00K | 227.00K | -34.00K | -165.00K | -41.00K |
| Net Cash Flow | -55.36M | -46.39M | 234.43M | 10.62M | 17.25M | 53.13M |
| Free Cash Flow | 224.41M | 185.09M | 108.13M | 70.04M | 56.25M | 34.81M |
| Free Cash Flow Margin | 14.29% | 14.19% | 10.75% | 9.61% | 9.52% | 7.60% |
| Free Cash Flow Per Share | 0.96 | 0.84 | 0.58 | 0.45 | 0.41 | 0.40 |
| Levered Free Cash Flow | 252.16M | 342.92M | 116.30M | 133.66M | 143.06M | 120.57M |
| Unlevered Free Cash Flow | 253.11M | 343.15M | 120.76M | 140.50M | 147.63M | 124.97M |
| Cash Income Tax Paid | 6.88M | 3.06M | 1.89M | 1.90M | 1.61M | 1.76M |
| Change in Working Capital | -52.77M | -48.07M | -39.21M | -25.25M | -3.29M | -3.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.78B | 5.01B | 4.27B | 1.89B | 1.69B | 1.66B |
| Enterprise Value | 7.69B | 4.83B | 4.06B | 1.96B | 1.76B | 1.73B |
| Last Close Price | 31.17 | 20.35 | 17.99 | 8.82 | 8.17 | 8.42 |
| Forward PE | 28.73 | 23.39 | 24.97 | 20.82 | 25.98 | 49.53 |
| PS Ratio | 4.98 | 3.84 | 4.25 | 2.59 | 2.86 | 3.63 |
| PB Ratio | 8.42 | 6.22 | 6.31 | 10.47 | 13.19 | 18.37 |
| P/TBV Ratio | 43.03 | 183.76 | 20.67 | |||
| P/FCF Ratio | 34.87 | 27.05 | 39.50 | 26.98 | 30.01 | 47.76 |
| P/OCF Ratio | 32.47 | 25.17 | 31.91 | 20.88 | 21.51 | 37.54 |
| PEG Ratio | 0.85 | 0.82 | 0.65 | 0.53 | 0.80 | 1.10 |
| EV/Sales Ratio | 4.92 | 3.70 | 4.04 | 2.69 | 2.97 | 3.77 |
| EV/EBITDA Ratio | 66.71 | 60.15 | ||||
| EV/EBIT Ratio | 144.91 | 167.63 | ||||
| EV/FCF Ratio | 34.47 | 26.09 | 37.54 | 28.01 | 31.24 | 49.70 |
| Debt / Equity Ratio | 0.24 | 0.27 | 0.31 | 1.07 | 1.51 | 2.03 |
| Debt / EBITDA Ratio | 1.74 | 2.46 | ||||
| Debt / FCF Ratio | 0.98 | 1.18 | 1.92 | 2.75 | 3.45 | 5.28 |
| Net Debt / Equity Ratio | -0.10 | -0.13 | -0.23 | 0.34 | 0.57 | 0.88 |
| Net Debt / EBITDA Ratio | -0.77 | -1.27 | 6.15 | -0.54 | -0.35 | -0.40 |
| Net Debt / FCF Ratio | -0.40 | -0.55 | -1.47 | 0.87 | 1.29 | 2.29 |
| Asset Turnover | 1.22 | 1.00 | 1.21 | 1.43 | 1.37 | 1.34 |
| Quick Ratio | 2.24 | 1.50 | 3.02 | 1.71 | 1.77 | 1.77 |
| Current Ratio | 2.38 | 1.60 | 3.09 | 1.76 | 1.84 | 1.85 |
| Return on Equity (ROE) | -0.27% | -4.25% | -16.28% | -121.52% | -255.58% | -9,111.46% |
| Return on Assets (ROA) | 2.60% | 1.38% | -4.49% | -20.23% | -37.44% | -44.94% |
| Return on Capital Employed (ROCE) | 4.50% | 2.70% | -6.50% | -44.00% | -76.60% | -84.30% |
| Earnings Yield | -0.03% | -0.63% | -1.63% | -9.92% | -16.54% | -15.01% |
| FCF Yield | 2.87% | 3.70% | 2.53% | 3.71% | 3.33% | 2.09% |
| Buyback Yield / Dilution | -13.60% | -18.68% | -18.69% | -12.74% | -59.88% | -166.75% |