Zeta Global Holdings (ZETA) financial statements
Zeta Global Holdings reported revenue of $1.3B in fiscal 2025, up 27.3% a year over 6 years.
Net income was -$32M and the operating margin 0.4%, against -5.7% in 2019.
Free cash flow was $165M.
The diluted share count rose 599% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Zeta Global Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $306M | $368M | $458M | $591M | $729M | $1.0B | $1.3B |
| Cost of revenue | $110M | $149M | $175M | $215M | $274M | $400M | $514M |
| Gross profit | $196M | $219M | $284M | $375M | $454M | $606M | $791M |
| Research and development | $29M | $32M | $64M | $69M | $74M | $91M | $117M |
| Selling, general and admin | $143M | $148M | $419M | $513M | $494M | $519M | $573M |
| Operating income | -$18M | -$8M | -$248M | -$259M | -$168M | -$68M | $5M |
| Interest expense | $15M | $16M | $7M | $7M | $11M | $7M | $371,000 |
| Pre-tax income | -$37M | -$52M | -$250M | -$281M | -$186M | -$75M | -$33M |
| Income tax | $1M | $919,000 | -$598,000 | -$1M | $1M | -$5M | -$2M |
| Net income | -$38M | -$53M | -$250M | -$279M | -$187M | -$70M | -$32M |
| EPS (diluted) | -$1.77 | -$2.23 | -$2.95 | -$2.01 | -$1.20 | -$0.38 | -$0.14 |
| Diluted shares | 32M | 33M | 87M | 139M | 157M | 186M | 221M |
| Gross margin | 63.9% | 59.6% | 61.9% | 63.5% | 62.3% | 60.3% | 60.6% |
| Operating margin | -5.7% | -2.2% | -54.2% | -43.8% | -23.0% | -6.8% | 0.4% |
| Net margin | -12.6% | -14.5% | -54.4% | -47.3% | -25.7% | -6.9% | -2.4% |
Balance sheet
Fiscal years, from Zeta Global Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $38M | $51M | $104M | $121M | $132M | $366M | $320M |
| Receivables | — | $79M | $84M | $106M | $170M | $235M | $322M |
| Total current assets | — | $141M | $196M | $236M | $310M | $617M | $686M |
| Property, plant and equipment | — | $6M | $6M | $6M | $7M | $9M | $15M |
| Goodwill | $78M | $76M | $115M | $133M | $141M | $326M | $528M |
| Total assets | — | $286M | $397M | $467M | $551M | $1.1B | $1.5B |
| Total current liabilities | — | $104M | $106M | $129M | $176M | $199M | $429M |
| Long-term debt | — | $190M | $184M | $184M | $184M | $196M | $197M |
| Total liabilities | — | $371M | $307M | $338M | $370M | $435M | $699M |
| Shareholders' equity | -$186M | -$239M | $90M | $128M | $181M | $677M | $805M |
| Net debt | -$38M | $139M | $80M | $63M | $52M | -$170M | -$123M |
Cash flow
Fiscal years, from Zeta Global Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $31M | $36M | $44M | $78M | $91M | $134M | $199M |
| Capital spending | $23M | $25M | $27M | $39M | $36M | $42M | $34M |
| Free cash flow | $8M | $10M | $18M | $39M | $55M | $92M | $165M |
| Stock-based compensation | $216,000 | $105,000 | $259M | $299M | $243M | $195M | $178M |
| Net borrowing | $24M | — | $183M | $0 | $0 | $203M | -$4M |
| Free cash flow margin | 2.6% | 2.8% | 3.8% | 6.6% | 7.5% | 9.2% | 12.6% |
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Open ZETA in InvestinglyQuestions
What was Zeta Global Holdings's revenue in 2025?
$1.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Zeta Global Holdings generate?
$165M in fiscal 2025 (operating cash flow minus capital spending).
From Zeta Global Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.