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Travelzoo (TZOO) Financials

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$10.92 -0.14 (-1.27%)
Closing price 07/10/2026 04:00 PM Eastern
Extended Trading
$10.85 -0.07 (-0.64%)
As of 07/10/2026 07:38 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Travelzoo

Annual Income Statements for Travelzoo

This table shows Travelzoo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 11 6.63 3.53 4.66 4.16 -17 0.91 6.63 12 14 4.70
Consolidated Net Income / (Loss)		 11 6.63 3.53 4.66 4.16 -28 0.90 6.63 12 14 4.98
Net Income / (Loss) Continuing Operations		 8.52 6.01 1.59 4.66 12 -21 0.92 13 12 14 4.98
Total Pre-Tax Income 		2.58 10.00 4.72 8.29 17 -14 2.69 9.96 17 19 7.66
Total Operating Income		 3.82 10 4.55 8.24 17 -14 -1.31 7.56 16 18 6.90
Total Gross Profit		 106 100 94 99 93 43 51 61 74 73 74
Total Revenue		 124 114 107 111 105 54 63 71 84 84 92
Operating Revenue		 124 114 107 111 105 54 63 71 84 84 92
Total Cost of Revenue		 18 14 13 12 11 11 11 10 11 10 18
Operating Cost of Revenue		 18 14 13 12 11 11 11 10 11 10 18
Total Operating Expenses		 102 90 89 91 76 57 53 53 58 55 67
Selling, General & Admin Expense		 24 23 23 23 18 20 20 18 18 18 19
Marketing Expense		 66 58 57 59 51 31 30 33 38 34 45
Research & Development Expense		 12 9.10 9.22 8.99 6.71 3.08 2.59 2.06 2.11 2.41 2.55
Total Other Income / (Expense), net		 -1.24 -0.19 0.17 0.05 -0.04 0.46 4.01 2.40 1.54 0.59 0.75
Other Income / (Expense), net		 -1.24 -0.19 0.17 0.05 -0.04 0.46 4.01 2.40 1.54 0.59 0.75
Income Tax Expense		 -5.95 3.99 3.13 3.63 4.71 -2.44 1.78 3.27 5.11 5.40 2.68
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - 0.00 -1.15 -0.01 -0.01 0.10 0.12 0.28
Basic Earnings per Share		 $0.74 $0.47 $0.27 $0.38 $0.35 ($1.18) $0.08 $0.54 $0.83 $1.08 $0.42
Weighted Average Basic Shares Outstanding		 14.72M 14.00M 12.88M 12.32M 11.81M 11.34M 11.65M 12.37M 14.90M 12.59M 11.18M
Diluted Earnings per Share		 $0.74 $0.47 $0.27 $0.37 $0.35 ($1.18) $0.07 $0.53 $0.83 $1.06 $0.41
Weighted Average Diluted Shares Outstanding		 14.72M 14.00M 12.89M 12.51M 12.04M 11.34M 12.99M 12.56M 14.96M 12.85M 11.48M
Weighted Average Basic & Diluted Shares Outstanding		 -51.70M 14.10M 12.46M 11.87M 11.45M 11.50M 12.06M 15.70M 13.22M 11.25M 10.93M

Quarterly Income Statements for Travelzoo

This table shows Travelzoo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.35 3.72 4.24 2.93 3.18 3.22 3.17 1.40 0.15 -0.02 2.48
Consolidated Net Income / (Loss)		 2.40 3.72 4.23 2.92 3.26 3.28 3.26 1.48 0.18 0.06 2.50
Net Income / (Loss) Continuing Operations		 4.76 -1.72 4.23 2.92 3.26 3.28 3.26 1.48 0.18 0.06 2.50
Total Pre-Tax Income 		3.42 4.88 5.73 4.19 4.40 4.77 4.43 2.22 0.42 0.58 3.44
Total Operating Income		 3.11 4.48 5.59 4.01 4.05 4.85 3.80 2.06 0.49 0.55 3.45
Total Gross Profit		 18 18 19 19 18 18 19 19 18 18 19
Total Revenue		 21 21 22 21 20 21 23 24 22 22 24
Operating Revenue		 21 21 22 21 20 21 23 24 22 22 24
Total Cost of Revenue		 2.67 2.70 2.64 2.52 2.55 2.76 4.17 5.16 4.52 4.22 5.24
Operating Cost of Revenue		 2.67 2.70 2.64 2.52 2.55 2.76 4.17 5.16 4.52 4.22 5.24
Total Operating Expenses		 15 14 14 15 14 13 15 17 17 18 16
Selling, General & Admin Expense		 4.46 4.90 4.59 4.62 4.66 4.18 4.31 4.50 4.36 5.75 3.81
Marketing Expense		 9.84 8.50 8.60 9.39 8.25 8.24 10 11 12 11 11
Research & Development Expense		 0.53 0.58 0.57 0.60 0.59 0.64 0.63 0.70 0.63 0.59 0.66
Total Other Income / (Expense), net		 0.31 0.40 0.14 0.18 0.36 -0.09 0.63 0.16 -0.06 0.03 -0.01
Other Income / (Expense), net		 0.31 0.40 0.14 0.18 0.36 -0.09 0.63 0.16 -0.06 0.03 -0.01
Income Tax Expense		 1.02 1.62 1.51 1.27 1.15 1.48 1.17 0.74 0.25 0.52 0.94
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.05 0.01 -0.01 -0.01 0.07 0.06 0.09 0.08 0.03 0.08 0.02
Basic Earnings per Share		 $0.16 $0.27 $0.31 $0.23 $0.26 $0.28 $0.27 $0.13 $0.01 $0.01 $0.23
Weighted Average Basic Shares Outstanding		 14.77M 14.90M 13.49M 12.90M 12.18M 12.59M 11.67M 11.14M 10.99M 11.18M 10.84M
Diluted Earnings per Share		 $0.16 $0.27 $0.31 $0.23 $0.26 $0.26 $0.26 $0.12 $0.01 $0.02 $0.23
Weighted Average Diluted Shares Outstanding		 14.82M 14.96M 13.63M 12.98M 12.39M 12.85M 12.25M 11.51M 11.21M 11.48M 10.84M
Weighted Average Basic & Diluted Shares Outstanding		 13.97M 13.22M 13.10M 12.29M 11.80M 11.25M 11.10M 10.98M 10.93M 10.93M 10.28M

Annual Cash Flow Statements for Travelzoo

This table details how cash moves in and out of Travelzoo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -20 -7.45 -5.48 -3.66 0.98 44 -19 -26 -2.99 1.35 -6.98
Net Cash From Operating Activities		 4.19 8.72 2.08 5.32 11 47 -8.08 -23 11 21 5.66
Net Cash From Continuing Operating Activities		 4.19 8.72 2.08 5.32 11 47 -8.08 -23 11 21 5.66
Net Income / (Loss) Continuing Operations		 11 6.63 3.53 4.66 4.16 -15 0.90 6.63 12 14 4.98
Consolidated Net Income / (Loss)		 11 6.63 3.53 4.66 4.16 -15 0.90 6.63 12 14 4.98
Depreciation Expense		 2.79 2.53 2.08 1.83 1.32 2.31 1.82 2.19 1.89 0.91 0.31
Non-Cash Adjustments To Reconcile Net Income		 -0.51 0.62 -2.24 1.18 2.22 56 12 -38 0.50 -2.40 1.41
Changes in Operating Assets and Liabilities, net		 -8.95 -1.06 -1.29 -2.35 3.54 3.21 -23 5.57 -4.19 8.92 -1.04
Net Cash From Investing Activities		 -1.22 -0.91 2.15 -3.69 -1.15 2.07 0.10 -1.32 -0.04 -0.18 -0.07
Net Cash From Continuing Investing Activities		 -1.22 -0.91 2.15 -3.69 -1.15 2.07 0.10 -1.32 -0.04 -0.18 -0.07
Purchase of Property, Plant & Equipment		 -1.28 -0.91 -0.74 -0.75 -0.47 -0.25 -0.03 -0.46 -0.26 -0.18 -0.07
Net Cash From Financing Activities		 -20 -15 -9.71 -5.29 -9.11 -6.98 -11 1.28 -14 -19 -13
Net Cash From Continuing Financing Activities		 -20 -15 -9.71 -5.29 -9.11 -6.98 -11 1.28 -14 -19 -13
Repurchase of Common Equity		 -1.57 -9.66 -9.71 -5.29 -11 -1.21 -5.49 -1.64 -17 -19 -13
Issuance of Debt		 2.22 - - - 0.00 3.66 - 0.00 - - 0.00
Other Financing Activities, net		 -17 0.06 0.00 0.00 1.71 0.06 -5.56 1.92 -0.37 -1.80 -0.10
Effect of Exchange Rate Changes		 -3.25 - - - - 1.57 -0.26 -2.46 0.53 -0.60 0.50
Cash Income Taxes Paid		 0.80 3.31 6.20 4.28 4.72 1.95 3.12 1.15 -0.00 1.94 3.84

Quarterly Cash Flow Statements for Travelzoo

This table details how cash moves in and out of Travelzoo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -3.62 -0.19 0.48 -3.62 -1.14 5.63 -5.51 -1.03 -1.95 1.52 0.56
Net Cash From Operating Activities		 3.64 1.38 4.62 3.31 5.33 7.84 3.28 1.30 -0.37 1.45 3.85
Net Cash From Continuing Operating Activities		 3.64 1.38 4.62 3.31 5.33 7.84 3.28 1.30 -0.37 1.45 3.85
Net Income / (Loss) Continuing Operations		 2.40 3.72 4.23 2.92 3.26 3.28 3.26 1.48 0.18 0.06 2.50
Consolidated Net Income / (Loss)		 2.40 3.72 4.23 2.92 3.26 3.28 3.26 1.48 0.18 0.06 2.50
Depreciation Expense		 0.47 0.48 0.38 0.18 0.18 0.17 0.08 0.11 0.06 0.07 0.06
Non-Cash Adjustments To Reconcile Net Income		 0.33 0.19 0.07 1.23 0.36 -3.60 0.05 -0.08 -0.18 1.20 -1.41
Changes in Operating Assets and Liabilities, net		 0.44 -3.01 -0.05 -1.02 1.53 7.99 -0.10 -0.21 -0.43 0.13 2.71
Net Cash From Investing Activities		 -0.06 0.07 -0.04 -0.05 -0.05 -0.05 -0.02 -0.01 -0.02 -0.02 -0.01
Net Cash From Continuing Investing Activities		 -0.06 0.07 -0.04 -0.05 -0.05 -0.05 -0.02 -0.01 -0.02 -0.02 -0.01
Purchase of Property, Plant & Equipment		 -0.06 -0.04 -0.04 -0.05 -0.05 -0.05 -0.02 -0.01 -0.02 -0.02 -0.01
Net Cash From Financing Activities		 -6.90 -2.09 -3.87 -6.81 -6.52 -1.78 -8.92 -2.60 -1.55 - -3.27
Net Cash From Continuing Financing Activities		 -6.90 -2.09 -3.87 -6.81 -6.52 -1.78 -8.92 -2.60 -1.55 - -3.27
Repurchase of Common Equity		 -6.90 -5.02 -3.87 -6.55 -6.18 -2.32 -8.92 -2.50 -1.55 - -3.27
Effect of Exchange Rate Changes		 -0.30 0.45 -0.24 -0.07 0.10 -0.39 0.14 0.29 -0.02 0.08 -0.01
Cash Income Taxes Paid		 0.27 0.23 0.55 0.66 0.27 0.47 1.54 1.19 0.89 0.22 0.29

Annual Balance Sheets for Travelzoo

This table presents Travelzoo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 69 54 46 43 55 102 100 67 55 55 45
Total Current Assets		 57 44 37 33 36 70 65 36 31 32 23
Cash & Equivalents		 35 27 23 18 19 63 44 19 16 17 10
Accounts Receivable		 16 14 12 13 11 4.52 15 14 13 13 11
Prepaid Expenses		 2.17 1.77 2.14 1.95 2.39 1.30 3.04 1.29 1.46 1.15 1.30
Current Deferred & Refundable Income Taxes		 2.59 1.34 0.52 0.39 0.99 0.93 3.33 1.78 0.63 0.74 1.36
Plant, Property, & Equipment, net		 7.91 6.16 4.92 3.79 2.86 1.35 0.66 0.66 0.58 0.42 0.23
Total Noncurrent Assets		 3.61 2.91 3.51 6.47 16 31 34 31 24 23 22
Goodwill		 - - - - 0.00 11 11 11 11 11 11
Intangible Assets		 - - - - 0.00 4.53 3.43 3.65 2.09 1.50 1.45
Noncurrent Deferred & Refundable Income Taxes		 1.77 1.05 1.52 1.65 2.05 5.07 3.95 3.22 3.20 3.38 4.20
Other Noncurrent Operating Assets		 0.52 0.70 0.55 0.69 8.71 9.29 14 13 7.13 6.03 4.21
Other Noncurrent Nonoperating Assets		 1.33 1.15 1.45 1.44 2.32 1.18 1.14 0.68 0.68 0.68 0.76
Total Liabilities & Shareholders' Equity		 69 54 46 43 55 102 100 67 55 55 45
Total Liabilities		 47 35 33 29 44 96 99 58 46 50 48
Total Current Liabilities		 41 30 30 27 35 83 88 48 34 36 34
Accounts Payable		 24 20 19 17 6.38 7.00 3.41 4.27 4.55 6.16 7.76
Accrued Expenses		 10 8.70 8.70 7.85 6.28 8.65 10 5.05 3.66 3.40 3.93
Current Deferred Revenue		 1.09 0.72 0.83 1.34 0.79 2.69 1.73 2.22 2.04 6.55 8.73
Current Deferred & Payable Income Tax Liabilities		 0.48 0.69 0.96 0.49 0.91 0.33 0.19 0.00 0.77 1.62 0.28
Other Current Liabilities		 - - - - 18 61 72 36 23 19 13
Total Noncurrent Liabilities		 6.18 5.64 3.00 2.56 8.68 13 11 11 12 14 13
Noncurrent Deferred Revenue		 6.18 5.64 3.00 2.56 - - - 1.57 4.68 7.85 9.26
Other Noncurrent Operating Liabilities		 - - - - 0.44 1.09 2.36 0.99 0.91 0.38 4.18
Total Equity & Noncontrolling Interests		 21 18 13 14 11 6.50 -4.23 8.85 8.88 4.35 -2.42
Total Preferred & Common Equity		 21 18 13 14 11 1.89 -4.23 4.26 4.19 -0.46 -7.52
Total Common Equity		 21 18 13 14 11 1.89 -4.23 4.26 4.19 -0.46 -7.52
Common Stock		 7.91 0.14 0.13 0.12 0.12 6.35 4.54 23 0.58 0.12 0.11
Retained Earnings		 17 22 17 18 14 -0.40 0.51 7.14 20 14 7.24
Accumulated Other Comprehensive Income / (Loss)		 -3.91 -3.79 -3.60 -4.21 -3.45 -4.06 -3.79 -4.91 -4.61 -5.33 -5.33
Other Equity Adjustments		 - - - - - - 0.00 -14 -11 -9.54 -9.54
Noncontrolling Interest		 - - - - 0.00 4.61 0.00 4.60 4.70 4.82 5.09

Quarterly Balance Sheets for Travelzoo

This table presents Travelzoo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 56 55 52 51 49 47 46 51
Total Current Assets		 29 32 29 27 26 24 24 28
Cash & Equivalents		 16 16 13 11 11 10 8.49 11
Accounts Receivable		 11 13 13 13 12 12 12 14
Prepaid Expenses		 1.73 1.68 1.73 1.62 1.67 1.39 1.93 2.80
Current Deferred & Refundable Income Taxes		 0.69 0.57 1.00 1.13 0.80 0.83 1.54 1.51
Plant, Property, & Equipment, net		 0.62 0.53 0.50 0.47 0.40 0.32 0.28 0.18
Total Noncurrent Assets		 26 23 23 23 22 22 21 22
Goodwill		 11 11 11 11 11 11 11 11
Intangible Assets		 2.48 1.77 1.69 1.59 1.47 1.46 1.45 1.45
Noncurrent Deferred & Refundable Income Taxes		 3.27 3.11 3.10 3.19 3.43 3.59 3.47 4.12
Other Noncurrent Operating Assets		 8.81 6.12 6.10 6.31 5.88 5.51 4.84 5.00
Other Noncurrent Nonoperating Assets		 0.68 0.68 0.68 0.68 0.75 0.76 0.76 0.75
Total Liabilities & Shareholders' Equity		 56 55 52 51 49 47 46 51
Total Liabilities		 49 46 46 48 50 49 49 54
Total Current Liabilities		 37 34 33 34 37 35 36 39
Accounts Payable		 2.86 5.51 5.21 4.98 6.05 6.13 8.41 8.27
Accrued Expenses		 4.37 3.63 4.22 4.12 4.46 5.60 4.56 4.57
Current Deferred Revenue		 2.81 3.25 3.21 3.85 7.84 8.46 9.06 11
Current Deferred & Payable Income Tax Liabilities		 0.29 0.81 1.07 1.45 0.71 0.00 0.00 0.13
Other Current Liabilities		 26 20 19 20 18 15 14 16
Total Noncurrent Liabilities		 12 12 13 14 14 14 13 15
Noncurrent Deferred Revenue		 - 5.60 6.32 7.03 8.51 8.79 8.91 10
Other Noncurrent Operating Liabilities		 4.89 0.38 0.38 0.38 0.00 0.00 0.00 4.51
Total Equity & Noncontrolling Interests		 6.72 8.79 5.65 2.52 -1.15 -2.08 -3.08 -3.16
Total Preferred & Common Equity		 2.02 4.11 0.97 -2.23 -6.05 -7.07 -8.10 -8.27
Total Common Equity		 2.02 4.11 0.97 -2.23 -6.05 -7.07 -8.10 -8.27
Common Stock		 5.33 0.13 0.12 0.12 0.11 0.11 0.11 0.10
Retained Earnings		 16 20 17 14 8.82 7.93 6.93 6.46
Accumulated Other Comprehensive Income / (Loss)		 -4.80 -4.86 -4.95 -5.08 -5.45 -5.58 -5.60 -5.30
Other Equity Adjustments		 -14 -11 -11 -11 -9.54 -9.54 -9.54 -9.54
Noncontrolling Interest		 4.69 4.69 4.68 4.75 4.91 4.99 5.02 5.11

Annual Metrics And Ratios for Travelzoo

This table displays calculated financial ratios and metrics derived from Travelzoo's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 14,730,454.00 13,825,353.00 12,461,553.00 12,110,821.00 11,679,033.00 11,310,431.00 12,258,624.00 12,399,709.00 13,971,776.00 - 10,932,337.00
DEI Adjusted Shares Outstanding		 14,730,454.00 13,825,353.00 12,461,553.00 12,110,821.00 11,679,033.00 11,310,431.00 12,258,624.00 12,399,709.00 13,971,776.00 - 10,932,337.00
DEI Earnings Per Adjusted Shares Outstanding		 0.74 0.48 0.28 0.38 0.36 -1.49 0.07 0.54 0.89 - 0.43
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -19.11% -7.82% -6.77% 4.50% -5.75% -48.91% 17.00% 12.58% 19.66% -0.68% 9.32%
EBITDA Growth		 -74.31% 133.49% -45.78% 48.89% 81.11% -161.71% 139.92% 169.16% 56.47% 5.19% -60.18%
EBIT Growth		 -85.60% 287.86% -52.82% 75.63% 105.15% -180.11% 119.78% 269.77% 71.85% 11.53% -59.88%
NOPAT Growth		 -2.82% -51.55% -74.94% 202.16% 165.80% -179.98% 95.47% 1,237.69% 115.29% 21.36% -66.15%
Net Income Growth		 -16.83% -38.96% -46.77% 32.04% -10.86% -773.72% 103.22% 634.92% 88.08% 9.74% -63.62%
EPS Growth		 -15.91% -36.49% -42.55% 37.04% -5.41% -437.14% 105.93% 657.14% 56.60% 27.71% -61.32%
Operating Cash Flow Growth		 364.15% 108.06% -76.20% 156.12% 111.32% 318.47% -117.19% -186.04% 146.17% 97.66% -73.17%
Free Cash Flow Firm Growth		 157.33% 222.51% -61.86% -28.59% 377.39% 231.60% -128.82% -242.57% 135.20% 103.33% -50.91%
Invested Capital Growth		 52.91% -5.47% -10.04% 25.88% 45.59% -873.01% 18.19% 95.01% 56.34% -909.95% -70.35%
Revenue Q/Q Growth		 -17.09% 12.30% 0.17% 0.06% -1.63% -19.33% 1.91% 7.54% 3.10% -0.56% 2.00%
EBITDA Q/Q Growth		 -23.42% 53.34% -8.25% 18.29% -0.11% -33.98% -43.63% 149.22% 7.25% -2.05% -35.01%
EBIT Q/Q Growth		 -34.82% 74.66% -7.94% 23.86% 0.59% -28.93% -55.78% 254.38% 8.54% -0.58% -35.35%
NOPAT Q/Q Growth		 9.16% 94.89% -25.60% 25.90% 1.51% -37.30% -140.30% 7,133.71% 4.59% 2.82% -42.14%
Net Income Q/Q Growth		 18.78% 8.30% -7.06% 23.57% -55.98% -5.51% 191.48% 615.87% 11.77% -3.14% -39.30%
EPS Q/Q Growth		 19.35% 9.30% -3.57% 19.35% -32.69% 9.23% -81.08% 430.00% 9.21% -0.93% -36.92%
Operating Cash Flow Q/Q Growth		 2,791.03% 73.30% -57.82% 33.06% 55.90% 0.27% -143.18% 39.50% 52.04% 44.14% -53.03%
Free Cash Flow Firm Q/Q Growth		 207.25% 1,257.08% -48.89% 170.24% 509.58% -35.91% -146.01% 45.93% 79.37% 44.80% -18.97%
Invested Capital Q/Q Growth		 -19.55% -90.12% -34.67% -58.78% -148.19% -0.46% 41.04% 75.62% 66.39% -131.36% -68.26%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 85.36% 87.87% 87.88% 88.98% 89.10% 80.29% 81.84% 85.83% 87.06% 87.52% 80.29%
EBITDA Margin		 4.33% 10.97% 6.38% 9.09% 17.46% -21.09% 7.20% 17.21% 22.50% 23.83% 8.68%
Operating Margin		 3.08% 8.91% 4.27% 7.40% 16.24% -26.26% -2.09% 10.70% 18.43% 22.05% 7.53%
EBIT Margin		 2.08% 8.75% 4.43% 7.44% 16.20% -25.41% 4.29% 14.11% 20.26% 22.75% 8.35%
Profit (Net Income) Margin		 8.76% 5.80% 3.31% 4.19% 3.96% -52.22% 1.44% 9.39% 14.76% 16.31% 5.43%
Tax Burden Percent		 421.41% 66.32% 74.82% 56.25% 24.44% 205.56% 33.49% 66.57% 72.86% 71.69% 65.01%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 -230.61% 39.92% 66.26% 43.75% 27.72% 0.00% 66.02% 32.84% 29.83% 28.31% 34.99%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 37.98% 33.62% 22.67% 34.35% 33.34% -322.44% 26.27% 143.81% 140.61% 206.74% 515.59%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 3.19% 16.38% 9.51% 18.60% 34.71% -17.35% 2.66% 11.93% 27.90% 34.67% 15.33%
Return on Assets (ROA)		 13.42% 10.86% 7.12% 10.46% 8.48% -35.67% 0.89% 7.94% 20.33% 24.85% 9.96%
Return on Common Equity (ROCE)		 37.98% 33.62% 22.67% 34.35% 33.34% -236.85% -8.95% 0.37% 66.94% 58.17% -2,130.17%
Return on Equity Simple (ROE_SIMPLE)		 50.80% 36.71% 26.99% 33.15% 38.25% -1,480.33% -21.31% 155.76% 297.85% -2,961.47% 0.00%
Net Operating Profit after Tax (NOPAT)		 13 6.12 1.53 4.63 12 -9.85 -0.45 5.08 11 13 4.49
NOPAT Margin		 10.19% 5.36% 1.44% 4.16% 11.74% -18.38% -0.71% 7.19% 12.93% 15.80% 4.89%
Net Nonoperating Expense Percent (NNEP)		 -4.08% 1.74% 7.68% 0.12% -43.62% -56.14% 3.18% 6.75% 15.22% 3.88% 4.28%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 70.04% 132.62% -185.32%
Cost of Revenue to Revenue		 14.64% 12.13% 12.12% 11.02% 10.90% 19.71% 18.16% 14.17% 12.94% 12.48% 19.71%
SG&A Expenses to Revenue		 19.50% 19.86% 21.18% 20.93% 17.53% 38.23% 31.50% 25.36% 21.41% 21.52% 20.63%
R&D to Revenue		 9.85% 7.96% 8.66% 8.08% 6.39% 5.75% 4.13% 2.92% 2.50% 2.87% 2.78%
Operating Expenses to Revenue		 82.28% 78.96% 83.62% 81.58% 72.86% 106.55% 83.93% 75.13% 68.62% 65.48% 72.76%
Earnings before Interest and Taxes (EBIT)		 2.58 10.00 4.72 8.29 17 -14 2.69 9.96 17 19 7.66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.37 13 6.79 10 18 -11 4.51 12 19 20 7.96
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.76 7.19 6.15 8.47 11.50 56.46 0.00 12.96 31.81 0.00 0.00
Price to Tangible Book Value (P/TBV)		 5.76 7.19 6.15 8.47 11.50 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.99 1.14 0.75 1.07 1.19 1.99 1.84 0.78 1.58 2.81 0.85
Price to Earnings (P/E)		 11.35 19.60 22.77 25.54 30.08 0.00 126.76 8.32 10.77 17.36 16.56
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 8.81% 5.10% 4.39% 3.92% 3.32% 0.00% 0.79% 12.02% 9.29% 5.76% 6.04%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.76 0.90 0.54 0.88 1.06 1.17 1.36 0.70 1.53 2.73 0.80
Enterprise Value to EBITDA (EV/EBITDA)		 17.48 8.23 8.51 9.72 6.10 0.00 18.92 4.07 6.78 11.45 9.16
Enterprise Value to EBIT (EV/EBIT)		 36.39 10.31 12.26 11.87 6.57 0.00 31.70 4.96 7.53 11.99 9.52
Enterprise Value to NOPAT (EV/NOPAT)		 7.43 16.85 37.70 21.22 9.07 0.00 0.00 9.73 11.79 17.26 16.25
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.38 11.82 27.85 18.50 9.94 1.33 0.00 0.00 12.07 10.85 12.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 45.61 15.54 22.85 54.42 12.94 2.19 0.00 0.00 12.96 11.32 7.34
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.26 0.00 0.00 0.00 0.73 2.22 24.76 0.94 0.76 1.30 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.73 1.78 24.76 0.94 0.76 1.30 0.00
Financial Leverage		 -1.51 -1.49 -1.67 -1.70 -1.50 -3.72 -12.35 -4.99 -1.14 -1.64 -11.84
Leverage Ratio		 2.83 3.10 3.19 3.28 3.93 9.04 29.43 18.11 6.92 8.32 51.74
Compound Leverage Factor		 2.83 3.10 3.19 3.28 3.93 9.04 29.43 18.11 6.92 8.32 51.74
Debt to Total Capital		 20.92% 0.00% 0.00% 0.00% 42.17% 68.95% 96.12% 48.47% 43.06% 56.47% 0.00%
Short-Term Debt to Total Capital		 20.92% 0.00% 0.00% 0.00% 0.00% 13.61% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 42.17% 55.35% 96.12% 48.47% 43.06% 56.47% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 22.01% 48.53% 26.75% 30.11% 48.15% -210.32%
Common Equity to Total Capital		 79.08% 100.00% 100.00% 100.00% 57.83% 9.03% -44.65% 24.78% 26.83% -4.62% 310.32%
Debt to EBITDA		 1.05 0.00 0.00 0.00 0.43 -1.28 2.02 0.69 0.35 0.28 0.00
Net Debt to EBITDA		 -5.49 0.00 0.00 0.00 -0.73 4.30 -7.69 -0.85 -0.47 -0.57 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.43 -1.03 2.02 0.69 0.35 0.28 0.00
Debt to NOPAT		 0.45 0.00 0.00 0.00 0.64 -1.47 -20.42 1.64 0.61 0.43 0.00
Net Debt to NOPAT		 -2.33 0.00 0.00 0.00 -1.08 4.94 77.79 -2.04 -0.82 -0.86 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.64 -1.18 -20.42 1.64 0.61 0.43 0.00
Altman Z-Score		 4.13 5.85 4.86 6.39 5.06 0.60 1.15 2.04 4.68 5.75 3.51
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 26.55% 134.09% 99.74% 52.40% 71.86% 513.15%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.39 1.49 1.26 1.24 1.03 0.85 0.74 0.75 0.90 0.87 0.68
Quick Ratio		 1.26 1.38 1.16 1.14 0.86 0.82 0.67 0.68 0.84 0.82 0.61
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.06 6.63 2.53 1.81 8.63 29 -8.24 -28 9.94 20 9.93
Operating Cash Flow to CapEx		 326.99% 959.52% 281.30% 883.22% 2,370.46% 0.00% -27,872.41% -5,004.55% 4,186.27% 11,920.90% 8,709.23%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.53 1.87 2.15 2.50 2.14 0.68 0.62 0.85 1.38 1.52 1.84
Accounts Receivable Turnover		 7.62 7.42 8.14 9.12 8.80 6.82 6.47 4.92 6.31 6.51 7.79
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 14.25 16.25 19.23 25.56 31.55 25.48 62.52 107.29 136.80 167.64 280.49
Accounts Payable Turnover		 0.72 0.64 0.67 0.68 0.97 1.58 2.19 2.60 2.48 1.96 2.60
Days Sales Outstanding (DSO)		 47.88 49.21 44.86 40.03 41.49 53.55 56.43 74.17 57.87 56.10 46.86
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 507.97 571.26 548.80 539.02 375.23 231.14 166.78 140.15 147.17 186.25 140.57
Cash Conversion Cycle (CCC)		 -460.09 -522.05 -503.94 -499.00 -333.74 -177.59 -110.35 -65.99 -89.30 -130.15 -93.72
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -9.41 -9.93 -11 -8.10 -4.41 -43 -35 -1.75 -0.76 -7.72 -13
Invested Capital Turnover		 -8.43 -11.82 -10.22 -11.71 -16.79 -2.27 -1.61 -3.84 -67.21 -19.79 -8.77
Increase / (Decrease) in Invested Capital		 11 -0.52 -1.00 2.83 3.69 -38 7.80 33 0.99 -6.95 -5.45
Enterprise Value (EV)		 94 103 58 98 112 63 85 49 129 229 73
Market Capitalization		 123 130 80 119 125 107 115 55 133 235 78
Book Value per Share		 $1.45 $1.31 $1.05 $1.16 $0.93 $0.17 ($0.35) $0.34 $0.30 ($0.04) ($0.69)
Tangible Book Value per Share		 $1.45 $1.31 $1.05 $1.16 $0.93 ($1.20) ($1.52) ($0.83) ($0.63) ($1.09) ($1.82)
Total Capital		 27 18 13 14 19 21 9.48 17 16 10.00 -2.42
Total Debt		 5.66 0.00 0.00 0.00 7.92 14 9.11 8.33 6.72 5.65 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 7.92 12 9.11 8.33 6.72 5.65 0.00
Net Debt		 -29 -27 -23 -21 -13 -49 -35 -10 -9.00 -11 -10
Capital Expenditures (CapEx)		 1.28 0.91 0.74 0.60 0.47 -0.57 0.03 0.46 0.26 0.18 0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -13 -12 -15 -12 -18 -73 -67 -31 -19 -22 -21
Debt-free Net Working Capital (DFNWC)		 22 15 7.65 6.36 1.12 -9.98 -23 -12 -3.42 -4.72 -11
Net Working Capital (NWC)		 16 15 7.65 6.36 1.12 -13 -23 -12 -3.42 -4.72 -11
Net Nonoperating Expense (NNE)		 1.77 -0.51 -2.00 -0.03 8.16 18 -1.35 -1.55 -1.54 -0.42 -0.49
Net Nonoperating Obligations (NNO)		 -31 -28 -24 -22 -15 -49 -35 -11 -9.65 -12 -11
Total Depreciation and Amortization (D&A)		 2.79 2.53 2.08 1.83 1.32 2.31 1.82 2.19 1.89 0.91 0.31
Debt-free, Cash-free Net Working Capital to Revenue		 -10.83% -10.67% -13.99% -10.48% -16.80% -136.26% -106.16% -43.39% -22.65% -25.97% -22.66%
Debt-free Net Working Capital to Revenue		 17.51% 12.82% 7.18% 5.71% 1.06% -18.61% -36.29% -16.92% -4.05% -5.63% -11.75%
Net Working Capital to Revenue		 12.94% 12.82% 7.18% 5.71% 1.06% -23.93% -36.29% -16.92% -4.05% -5.63% -11.75%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.74 $0.47 $0.27 $0.38 $0.35 $0.00 $0.08 $0.00 $0.83 $1.08 $0.42
Adjusted Weighted Average Basic Shares Outstanding		 14.72M 14.00M 12.88M 12.32M 11.81M 0.00 11.65M 0.00 14.90M 12.59M 11.18M
Adjusted Diluted Earnings per Share		 $0.74 $0.47 $0.27 $0.37 $0.35 $0.00 $0.07 $0.00 $0.83 $1.06 $0.41
Adjusted Weighted Average Diluted Shares Outstanding		 14.72M 14.00M 12.89M 12.51M 12.04M 0.00 12.99M 0.00 14.96M 12.85M 11.48M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.52M 13.41M 12.46M 11.87M 11.45M 0.00 12.06M 0.00 13.22M 11.25M 10.93M
Normalized Net Operating Profit after Tax (NOPAT)		 2.67 6.12 3.18 4.63 12 -7.81 -0.92 5.08 11 13 4.49
Normalized NOPAT Margin		 2.16% 5.36% 2.99% 4.16% 11.74% -14.57% -1.47% 7.19% 12.93% 15.80% 4.89%
Pre Tax Income Margin		 2.08% 8.75% 4.43% 7.44% 16.20% -25.41% 4.29% 14.11% 20.26% 22.75% 8.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 14.44% 145.71% 275.13% 113.54% 260.31% -4.30% 608.43% 24.77% 134.59% 138.35% 260.43%

Quarterly Metrics And Ratios for Travelzoo

This table displays calculated financial ratios and metrics derived from Travelzoo's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 89,460,588.00 13,971,776.00 13,224,441.00 13,097,998.00 12,290,191.00 - 11,245,137.00 11,095,078.00 10,980,939.00 10,932,337.00 10,932,337.00
DEI Adjusted Shares Outstanding		 89,460,588.00 13,971,776.00 13,224,441.00 13,097,998.00 12,290,191.00 - 11,245,137.00 11,095,078.00 10,980,939.00 10,932,337.00 10,932,337.00
DEI Earnings Per Adjusted Shares Outstanding		 0.03 0.27 0.32 0.22 0.26 - 0.28 0.13 0.01 0.00 0.23
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 29.97% 13.66% 1.78% 0.06% -2.43% -2.23% 5.25% 13.08% 10.45% 8.69% 4.90%
EBITDA Growth		 137.07% 31.59% 10.36% 3.39% 17.66% -7.81% -26.24% -46.65% -89.50% -86.93% -22.47%
EBIT Growth		 208.66% 38.12% 13.22% 11.59% 28.66% -2.30% -22.64% -46.95% -90.37% -87.85% -22.40%
NOPAT Growth		 1,020.40% 19.19% 20.25% 20.50% 36.91% 11.60% -32.14% -50.89% -93.11% -98.34% -10.57%
Net Income Growth		 201.13% 54.46% 14.78% 9.65% 35.67% -11.90% -22.84% -49.28% -94.50% -98.23% -23.37%
EPS Growth		 166.67% 35.00% 34.78% 35.29% 62.50% -3.70% -16.13% -47.83% -96.15% -92.31% -11.54%
Operating Cash Flow Growth		 194.40% 160.83% 763.74% -35.37% 46.31% 467.51% -28.93% -60.74% -107.00% -81.49% 17.27%
Free Cash Flow Firm Growth		 94.78% 106.52% 131.49% 133.22% 248.96% 412.81% 31.60% 201.26% 16.15% -46.68% -5.00%
Invested Capital Growth		 68.33% 56.34% -215.79% -3.88% -46.72% -909.95% -410.43% -584.24% -134.96% -70.35% -78.30%
Revenue Q/Q Growth		 -2.50% 2.67% 3.95% -3.84% -4.93% 2.89% 11.91% 3.31% -7.14% 1.25% 8.00%
EBITDA Q/Q Growth		 -7.68% 37.43% 14.20% -28.64% 5.07% 7.68% -8.63% -48.39% -79.33% 34.10% 442.02%
EBIT Q/Q Growth		 -8.77% 42.48% 17.49% -26.93% 5.18% 8.20% -6.97% -49.90% -80.91% 36.56% 494.13%
NOPAT Q/Q Growth		 -5.90% 37.02% 37.74% -32.15% 6.91% 11.69% -16.25% -50.90% -85.00% -73.16% 4,424.13%
Net Income Q/Q Growth		 -9.88% 55.17% 13.45% -30.89% 11.51% 0.77% -0.64% -54.57% -87.91% -67.60% 4,206.90%
EPS Q/Q Growth		 -5.88% 68.75% 14.81% -25.81% 13.04% 0.00% 0.00% -53.85% -91.67% 100.00% 1,050.00%
Operating Cash Flow Q/Q Growth		 -28.78% -62.06% 234.37% -28.46% 61.22% 47.15% -58.13% -60.48% -128.74% 489.28% 165.22%
Free Cash Flow Firm Q/Q Growth		 68.21% 173.77% 253.13% -59.88% 42.53% 153.97% -9.58% -8.17% -45.05% 16.85% 61.09%
Invested Capital Q/Q Growth		 -91.81% 66.39% -108.25% 22.63% -170.92% -131.36% -4.92% -3.72% 6.97% -68.26% -9.82%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 87.06% 87.24% 87.99% 88.08% 87.32% 86.65% 81.97% 78.40% 79.64% 81.21% 78.43%
EBITDA Margin		 18.91% 25.31% 27.81% 20.63% 22.80% 23.87% 19.49% 9.73% 2.17% 2.87% 14.40%
Operating Margin		 15.09% 21.18% 25.43% 18.97% 20.13% 23.46% 16.44% 8.62% 2.20% 2.46% 14.19%
EBIT Margin		 16.62% 23.06% 26.06% 19.81% 21.91% 23.04% 19.16% 9.29% 1.91% 2.58% 14.17%
Profit (Net Income) Margin		 11.65% 17.61% 19.22% 13.81% 16.20% 15.87% 14.09% 6.20% 0.81% 0.26% 10.29%
Tax Burden Percent		 70.11% 76.36% 73.73% 69.74% 73.93% 68.86% 73.54% 66.68% 42.22% 10.02% 72.62%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 29.74% 33.18% 26.27% 30.26% 26.07% 31.14% 26.46% 33.32% 57.78% 89.98% 27.38%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 186.41% 140.61% 120.40% 158.78% 305.87% 206.74% 332.60% 632.88% -2,913.32% 515.59% -196.09%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 21.94% 31.76% 36.56% 30.39% 34.77% 35.12% 31.35% 16.61% 3.55% 4.73% 26.30%
Return on Assets (ROA)		 15.38% 24.25% 26.96% 21.19% 25.71% 24.18% 23.06% 11.08% 1.50% 0.47% 19.10%
Return on Common Equity (ROCE)		 41.12% 66.94% 68.66% 70.25% -6.86% 58.17% -84.68% -1,083.57% -53,454.02% -2,130.17% -653.13%
Return on Equity Simple (ROE_SIMPLE)		 551.14% 0.00% 316.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 2.18 2.99 4.12 2.80 2.99 3.34 2.80 1.37 0.21 0.06 2.50
NOPAT Margin		 10.60% 14.15% 18.75% 13.23% 14.88% 16.15% 12.09% 5.75% 0.93% 0.25% 10.31%
Net Nonoperating Expense Percent (NNEP)		 2.01% 7.22% 0.94% 1.28% 3.58% -0.55% 5.33% 1.62% -0.51% 0.02% -0.04%
Return On Investment Capital (ROIC_SIMPLE)		 - 19.19% 27.03% 23.34% 34.20% 33.41% 68.13% 49.50% 14.60% -2.28% -79.29%
Cost of Revenue to Revenue		 12.94% 12.76% 12.01% 11.92% 12.68% 13.35% 18.03% 21.60% 20.36% 18.79% 21.57%
SG&A Expenses to Revenue		 21.65% 23.15% 20.88% 21.86% 23.21% 20.23% 18.60% 18.83% 19.65% 25.59% 15.70%
R&D to Revenue		 2.55% 2.74% 2.57% 2.85% 2.96% 3.11% 2.74% 2.92% 2.84% 2.62% 2.74%
Operating Expenses to Revenue		 71.97% 66.06% 62.56% 69.11% 67.20% 63.19% 65.53% 69.79% 77.44% 78.76% 64.24%
Earnings before Interest and Taxes (EBIT)		 3.42 4.88 5.73 4.19 4.40 4.77 4.43 2.22 0.42 0.58 3.44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3.90 5.35 6.11 4.36 4.58 4.94 4.51 2.33 0.48 0.65 3.50
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 42.95 31.81 32.79 102.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.06 1.58 1.59 1.17 1.76 2.81 1.80 1.61 1.20 0.85 0.70
Price to Earnings (P/E)		 7.83 10.77 10.41 7.51 10.53 17.36 12.27 12.88 13.60 16.56 16.14
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 12.77% 9.29% 9.60% 13.31% 9.50% 5.76% 8.15% 7.77% 7.35% 6.04% 6.20%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 1.01 1.53 1.53 1.15 1.75 2.73 1.79 1.60 1.21 0.80 0.64
Enterprise Value to EBITDA (EV/EBITDA)		 4.68 6.78 6.62 4.96 7.23 11.45 8.26 8.60 8.89 9.16 8.53
Enterprise Value to EBIT (EV/EBIT)		 5.26 7.53 7.29 5.37 7.69 11.99 8.54 8.89 9.20 9.52 8.89
Enterprise Value to NOPAT (EV/NOPAT)		 7.93 11.79 11.16 8.10 11.45 17.26 12.72 13.37 14.05 16.25 14.31
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.80 12.07 8.78 7.56 10.09 10.85 7.69 7.92 9.04 12.88 9.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.95 12.96 8.89 8.07 10.58 11.32 8.22 7.94 8.89 7.34 5.64
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.06 0.76 0.73 1.12 2.47 1.30 -4.59 -2.33 -1.46 0.00 0.00
Long-Term Debt to Equity		 1.06 0.76 0.73 1.12 2.47 1.30 -4.59 -2.33 -1.46 0.00 0.00
Financial Leverage		 -1.79 -1.14 -1.01 -1.14 -1.61 -1.64 -2.27 -3.71 18.84 -11.84 4.26
Leverage Ratio		 10.37 6.92 5.60 6.62 11.51 8.32 13.59 27.57 -171.75 51.74 -23.27
Compound Leverage Factor		 10.37 6.92 5.60 6.62 11.51 8.32 13.59 27.57 -171.75 51.74 -23.27
Debt to Total Capital		 51.53% 43.06% 42.35% 52.91% 71.18% 56.47% 127.89% 174.99% 318.50% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 51.53% 43.06% 42.35% 52.91% 71.18% 56.47% 127.89% 174.99% 318.50% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 33.86% 30.11% 30.73% 39.03% 54.33% 48.15% 119.53% 179.71% 355.49% -210.32% -162.09%
Common Equity to Total Capital		 14.61% 26.83% 26.92% 8.06% -25.51% -4.62% -147.42% -254.70% -573.99% 310.32% 262.09%
Debt to EBITDA		 0.40 0.35 0.33 0.32 0.31 0.28 0.29 0.30 0.37 0.00 0.00
Net Debt to EBITDA		 -0.49 -0.47 -0.50 -0.32 -0.26 -0.57 -0.34 -0.34 -0.33 0.00 0.00
Long-Term Debt to EBITDA		 0.40 0.35 0.33 0.32 0.31 0.28 0.29 0.30 0.37 0.00 0.00
Debt to NOPAT		 0.68 0.61 0.56 0.52 0.48 0.43 0.44 0.46 0.58 0.00 0.00
Net Debt to NOPAT		 -0.84 -0.82 -0.84 -0.52 -0.40 -0.86 -0.52 -0.53 -0.52 0.00 0.00
Long-Term Debt to NOPAT		 0.68 0.61 0.56 0.52 0.48 0.43 0.44 0.46 0.58 0.00 0.00
Altman Z-Score		 2.96 3.95 4.13 3.58 4.03 4.89 3.85 3.73 3.21 2.99 2.69
Noncontrolling Interest Sharing Ratio		 77.94% 52.40% 42.98% 55.76% 102.24% 71.86% 125.46% 271.21% -1,734.81% 513.15% -233.07%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.78 0.90 0.94 0.87 0.80 0.87 0.72 0.69 0.68 0.68 0.73
Quick Ratio		 0.72 0.84 0.88 0.79 0.72 0.82 0.65 0.62 0.58 0.61 0.62
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2.72 2.01 7.09 2.84 4.05 10 9.33 8.57 4.71 5.50 8.86
Operating Cash Flow to CapEx		 6,071.67% 3,636.84% 13,202.86% 6,887.50% 11,586.96% 16,339.58% 15,638.10% 9,984.62% -2,486.67% 9,075.00% 48,137.50%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.32 1.38 1.40 1.53 1.59 1.52 1.64 1.79 1.86 1.84 1.86
Accounts Receivable Turnover		 7.28 6.31 6.33 7.22 7.08 6.51 6.66 7.11 7.02 7.79 7.16
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 145.53 136.80 138.66 147.48 154.67 167.64 182.72 214.46 240.43 280.49 320.18
Accounts Payable Turnover		 3.41 2.48 2.51 2.82 2.65 1.96 2.07 2.58 2.48 2.60 2.67
Days Sales Outstanding (DSO)		 50.16 57.87 57.68 50.55 51.59 56.10 54.79 51.37 52.01 46.86 50.95
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 107.18 147.17 145.17 129.48 137.50 186.25 175.92 141.35 147.07 140.57 136.61
Cash Conversion Cycle (CCC)		 -57.02 -89.30 -87.49 -78.94 -85.91 -130.15 -121.12 -89.98 -95.05 -93.72 -85.65
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -2.27 -0.76 -1.59 -1.23 -3.34 -7.72 -8.12 -8.42 -7.84 -13 -14
Invested Capital Turnover		 -17.34 -67.21 -782.13 -70.26 -30.09 -19.79 -17.52 -18.19 -16.10 -8.77 -8.22
Increase / (Decrease) in Invested Capital		 4.91 0.99 -2.97 -0.05 -1.06 -6.95 -6.53 -7.19 -4.50 -5.45 -6.36
Enterprise Value (EV)		 83 129 130 98 148 229 152 141 109 73 59
Market Capitalization		 87 133 135 99 148 235 153 141 108 78 65
Book Value per Share		 $0.14 $0.30 $0.31 $0.07 ($0.18) ($0.04) ($0.54) ($0.64) ($0.74) ($0.69) ($0.76)
Tangible Book Value per Share		 ($0.76) ($0.63) ($0.65) ($0.89) ($1.20) ($1.09) ($1.64) ($1.75) ($1.87) ($1.82) ($1.89)
Total Capital		 14 16 15 12 8.75 10.00 4.11 2.78 1.41 -2.42 -3.16
Total Debt		 7.14 6.72 6.46 6.34 6.23 5.65 5.25 4.86 4.49 0.00 0.00
Total Long-Term Debt		 7.14 6.72 6.46 6.34 6.23 5.65 5.25 4.86 4.49 0.00 0.00
Net Debt		 -8.76 -9.00 -9.73 -6.23 -5.20 -11 -6.22 -5.59 -4.00 -10 -11
Capital Expenditures (CapEx)		 0.06 0.04 0.04 0.05 0.05 0.05 0.02 0.01 0.02 0.02 0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -24 -19 -18 -17 -18 -22 -22 -21 -20 -21 -21
Debt-free Net Working Capital (DFNWC)		 -8.05 -3.42 -1.93 -4.32 -7.03 -4.72 -10 -11 -11 -11 -11
Net Working Capital (NWC)		 -8.05 -3.42 -1.93 -4.32 -7.03 -4.72 -10 -11 -11 -11 -11
Net Nonoperating Expense (NNE)		 -0.22 -0.73 -0.10 -0.12 -0.27 0.06 -0.46 -0.11 0.03 -0.00 0.00
Net Nonoperating Obligations (NNO)		 -8.99 -9.65 -10 -6.88 -5.86 -12 -6.98 -6.34 -4.75 -11 -11
Total Depreciation and Amortization (D&A)		 0.47 0.48 0.38 0.18 0.18 0.17 0.08 0.11 0.06 0.07 0.06
Debt-free, Cash-free Net Working Capital to Revenue		 -29.23% -22.65% -21.35% -19.89% -21.88% -25.97% -25.56% -24.42% -22.15% -22.66% -22.99%
Debt-free Net Working Capital to Revenue		 -9.82% -4.05% -2.27% -5.09% -8.34% -5.63% -12.07% -12.53% -12.70% -11.75% -11.61%
Net Working Capital to Revenue		 -9.82% -4.05% -2.27% -5.09% -8.34% -5.63% -12.07% -12.53% -12.70% -11.75% -11.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.16 $0.27 $0.31 $0.23 $0.26 $0.28 $0.27 $0.13 $0.01 $0.01 $0.23
Adjusted Weighted Average Basic Shares Outstanding		 14.77M 14.90M 40.47M 12.90M 12.18M 12.59M 11.67M 11.14M 10.99M 11.18M 10.84M
Adjusted Diluted Earnings per Share		 $0.16 $0.27 $0.31 $0.23 $0.26 $0.26 $0.26 $0.12 $0.01 $0.02 $0.23
Adjusted Weighted Average Diluted Shares Outstanding		 14.82M 14.96M 40.88M 12.98M 12.39M 12.85M 12.25M 11.51M 11.21M 11.48M 10.84M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.97M 13.22M 13.10M 12.29M 11.80M 11.25M 11.10M 10.98M 10.93M 10.93M 10.28M
Normalized Net Operating Profit after Tax (NOPAT)		 2.18 2.99 4.12 2.80 2.99 3.34 2.80 1.37 0.34 0.39 2.50
Normalized NOPAT Margin		 10.60% 14.15% 18.75% 13.23% 14.88% 16.15% 12.09% 5.75% 1.54% 1.72% 10.31%
Pre Tax Income Margin		 16.62% 23.06% 26.06% 19.81% 21.91% 23.04% 19.16% 9.29% 1.91% 2.58% 14.17%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 109.71% 134.59% 157.29% 168.31% 153.06% 138.35% 188.53% 176.67% 186.42% 260.43% 173.46%

Financials Breakdown Chart

Key Financial Trends

Travelzoo’s latest quarter shows a mixed but improving operating picture. In Q1 2026, revenue rose to $24.3 million, up from $22.5 million in Q4 2025 and $23.9 million in Q2 2025. The company also returned to solid profitability, with net income of $2.5 million and operating cash flow of $3.9 million. That said, the balance sheet remains a weak point, with common equity still negative and liabilities slightly exceeding assets.

  • Revenue increased year over year and sequentially, reaching $24.3 million in Q1 2026 versus $22.5 million in Q4 2025 and $23.1 million in Q1 2025.
  • Gross profit was strong at $19.0 million, reflecting a healthy gross margin of roughly 78%.
  • Operating income improved to $3.4 million, well above $0.6 million in Q4 2025 and $2.1 million in Q2 2025.
  • Net income reached $2.5 million, showing the company remains profitable despite seasonal swings.
  • Operating cash flow came in at $3.85 million, a meaningful improvement from $1.45 million in Q4 2025 and a loss of $0.37 million in Q3 2025.
  • Cash and equivalents rose to $10.6 million from $8.5 million in Q3 2025, helped by positive cash generation.
  • The company continued to generate substantial deferred revenue, which can support future revenue recognition.
  • Share repurchases continued, with $3.27 million spent on buybacks in Q1 2026, which can support EPS but also uses cash.
  • Marketing expense remained very high at $11.1 million, limiting operating leverage despite revenue growth.
  • The balance sheet remains under pressure: total liabilities were $54.0 million versus total assets of $50.9 million, and common equity was negative at $8.3 million.

Trend takeaway: Travelzoo appears to be stabilizing operationally, with better revenue, earnings, and cash flow than in the prior quarter. However, the company still carries a leveraged balance sheet and negative book equity, so investors should watch whether profitability can stay consistent enough to strengthen the financial position over time.

07/12/26 08:28 PM ETAI Generated. May Contain Errors.

Travelzoo Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Travelzoo's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Travelzoo's net income appears to be on an upward trend, with a most recent value of $4.98 million in 2025, falling from $10.86 million in 2015. The previous period was $13.68 million in 2024. See where experts think Travelzoo is headed by visiting Travelzoo's forecast page.

Travelzoo's total operating income in 2025 was $6.90 million, based on the following breakdown:
  • Total Gross Profit: $73.64 million
  • Total Operating Expenses: $66.74 million

Over the last 10 years, Travelzoo's total revenue changed from $123.96 million in 2015 to $91.72 million in 2025, a change of -26.0%.

Travelzoo's total liabilities were at $47.61 million at the end of 2025, a 5.5% decrease from 2024, and a 0.9% increase since 2015.

In the past 10 years, Travelzoo's cash and equivalents has ranged from $10.01 million in 2025 to $63.06 million in 2020, and is currently $10.01 million as of their latest financial filing in 2025.

Over the last 10 years, Travelzoo's book value per share changed from 1.45 in 2015 to -0.69 in 2025, a change of -147.4%.


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Financial statements for NASDAQ:TZOO last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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