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Ziff Davis (ZD) Financials

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$54.37 +0.50 (+0.94%)
As of 02:42 PM Eastern
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Annual Income Statements for Ziff Davis

Annual Income Statements for Ziff Davis

This table shows Ziff Davis' 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		 134 152 139 129 219 151 497 64 42 63 47
Consolidated Net Income / (Loss)		 134 152 139 129 219 151 497 64 42 63 47
Net Income / (Loss) Continuing Operations		 134 152 139 129 41 29 401 65 42 63 47
Total Pre-Tax Income 		157 211 200 178 55 78 351 131 75 93 81
Total Operating Income		 199 243 246 244 88 138 167 199 133 114 183
Total Gross Profit		 598 727 946 1,006 863 980 1,229 1,206 1,178 1,201 1,227
Total Revenue		 721 874 1,118 1,207 1,050 1,159 1,417 1,391 1,364 1,402 1,451
Operating Revenue		 721 874 1,118 1,207 1,050 1,159 1,417 1,391 1,364 1,402 1,451
Total Cost of Revenue		 123 147 172 201 187 178 188 185 186 200 224
Operating Cost of Revenue		 123 147 172 201 187 178 188 185 186 200 207
Other Cost of Revenue		 - - - - - - - - 0.00 0.00 18
Total Operating Expenses		 398 485 700 762 775 842 1,061 1,008 1,046 1,088 1,062
Selling, General & Admin Expense		 205 240 324 375 403 419 457 182 196 203 210
Marketing Expense		 159 207 330 338 328 366 493 491 487 520 543
Research & Development Expense		 34 38 46 48 45 57 79 74 69 67 62
Depreciation Expense		 - - - - - - - 233 237 212 229
Impairment Charge		 - - - - 0.00 0.00 33 27 57 85 18
Total Other Income / (Expense), net		 -42 -31 -46 -67 -33 -60 184 -68 -58 -20 -85
Interest & Investment Income		 - - - -0.07 -4.21 -21 -17 -88 -48 -22 -21
Other Income / (Expense), net		 -0.01 10 22 -4.63 -2.31 17 278 8.44 -9.47 1.19 -64
Income Tax Expense		 23 59 61 45 14 38 -14 58 24 41 25
Other Gains / (Losses), net		 - 0.00 0.00 -4.14 -0.17 -11 36 -7.73 -9.33 11 -7.95
Basic Earnings per Share		 $2.76 $3.15 $2.89 $2.64 $4.52 $3.24 $10.81 $1.36 $0.89 $1.42 $1.16
Weighted Average Basic Shares Outstanding		 47.63M 47.67M 47.59M 47.95M 47.65M 46.31M 45.89M 46.95M 46.40M 44.46M 40.98M
Diluted Earnings per Share		 $2.73 $3.13 $2.83 $2.59 $4.39 $3.18 $10.37 $1.36 $0.89 $1.42 $1.15
Weighted Average Diluted Shares Outstanding		 48.09M 47.96M 48.67M 48.93M 49.03M 47.12M 47.86M 47.03M 46.46M 44.52M 41.10M
Weighted Average Basic & Diluted Shares Outstanding		 48.40M 48.40M 48.20M 48.70M 48.71M 45.17M 47.27M 47.26M 46.07M 42.85M 37.65M

Quarterly Income Statements for Ziff Davis

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 63 11 37 -49 64 24 26 14 -17 22 624
Consolidated Net Income / (Loss)		 63 11 37 -49 64 24 26 -3.60 0.37 22 624
Net Income / (Loss) Continuing Operations		 63 11 37 -49 64 9.81 14 14 -17 -0.78 -52
Total Pre-Tax Income 		76 20 35 -36 75 6.80 9.12 9.14 20 -3.28 -51
Total Operating Income		 81 36 29 -29 79 14 14 28 86 2.93 -45
Total Gross Profit		 353 269 271 302 365 232 254 293 349 223 241
Total Revenue		 390 314 321 354 413 273 295 364 407 268 287
Operating Revenue		 390 314 321 354 413 273 295 364 407 268 287
Total Cost of Revenue		 37 46 50 51 47 40 41 71 57 44 46
Operating Cost of Revenue		 37 46 50 51 47 40 41 53 57 44 46
Total Operating Expenses		 272 233 242 332 287 218 240 265 281 220 286
Selling, General & Admin Expense		 -107 50 49 52 -93 43 49 54 55 47 47
Marketing Expense		 126 117 125 127 151 112 127 138 136 115 122
Research & Development Expense		 16 18 17 15 18 14 14 15 14 14 14
Depreciation Expense		 - 48 52 51 - 48 50 57 58 45 47
Impairment Charge		 - - - 85 - - 0.00 0.00 - - 55
Total Other Income / (Expense), net		 -4.67 -16 6.51 -6.66 -3.95 -7.67 -4.65 -1.72 -66 -6.21 -6.36
Interest & Investment Income		 -29 -12 1.25 -4.02 -16 -6.19 -2.24 -5.82 -6.76 -6.90 -5.77
Other Income / (Expense), net		 20 -3.88 5.27 -2.63 10 -1.48 -2.40 4.10 -59 0.69 -0.59
Income Tax Expense		 13 8.23 6.99 13 14 3.62 -0.07 13 -0.20 2.64 0.94
Other Gains / (Losses), net		 0.34 -0.65 8.82 -0.08 3.13 6.63 5.12 0.04 -20 5.14 -0.13
Net Income / (Loss) Discontinued Operations		 - - - - - 14 12 - - 23 677
Basic Earnings per Share		 $1.37 $0.23 $0.81 ($1.11) $1.49 $0.57 $0.63 ($0.09) $0.05 $0.59 $17.16
Weighted Average Basic Shares Outstanding		 46.40M 45.86M 45.49M 43.92M 44.46M 42.56M 41.73M 40.56M 40.98M 37.60M 36.38M
Diluted Earnings per Share		 $1.37 $0.23 $0.77 ($1.11) $1.53 $0.57 $0.63 ($0.09) $0.06 $0.59 $17.16
Weighted Average Diluted Shares Outstanding		 46.46M 45.96M 50.67M 43.92M 44.52M 42.77M 41.75M 40.56M 41.10M 37.60M 36.38M
Weighted Average Basic & Diluted Shares Outstanding		 46.07M 46.13M 44.74M 42.74M 42.85M 42.09M 41.00M 39.50M 37.65M 36.84M 34.29M

Annual Cash Flow Statements for Ziff Davis

This table details how cash moves in and out of Ziff Davis' 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		 -178 -132 227 -141 366 -333 452 -42 85 -232 101
Net Cash From Operating Activities		 229 282 264 401 413 480 517 336 320 390 407
Net Cash From Continuing Operating Activities		 229 282 264 401 413 480 517 336 320 390 407
Net Income / (Loss) Continuing Operations		 134 152 139 129 219 151 497 64 42 63 47
Consolidated Net Income / (Loss)		 134 152 139 129 219 151 497 64 42 63 47
Depreciation Expense		 93 122 162 187 232 229 258 233 237 212 229
Non-Cash Adjustments To Reconcile Net Income		 18 19 16 56 63 117 -214 117 140 140 154
Changes in Operating Assets and Liabilities, net		 -25 -21 -65 18 -115 -45 -25 -78 -99 -25 -23
Net Cash From Investing Activities		 -336 -449 -158 -407 -505 -586 59 -221 -127 -297 -146
Net Cash From Continuing Investing Activities		 -336 -449 -158 -407 -505 -586 59 -221 -127 -297 -146
Purchase of Property, Plant & Equipment		 -17 -25 -40 -56 -71 -93 -114 -106 -109 -107 -119
Acquisitions		 -304 -585 -177 -350 -445 -517 -164 -104 -21 -218 -67
Divestitures		 0.00 0.00 58 0.00 0.00 25 308 0.00 0.00 7.86 4.44
Sale and/or Maturity of Investments		 122 242 0.00 0.00 10 0.00 30 4.53 3.17 19 36
Other Investing Activities, net		 - - - - - - - -0.05 -0.50 -0.57 0.34
Net Cash From Financing Activities		 -67 41 112 -131 457 -235 -113 -141 -115 -321 -170
Net Cash From Continuing Financing Activities		 -67 41 112 -131 457 -235 -113 -141 -115 -321 -170
Repayment of Debt		 4.19 1.78 -494 -1.75 -204 -689 -518 -168 0.25 -136 -1.70
Repurchase of Common Equity		 -3.67 -56 -9.85 -47 -21 -276 -78 -78 -109 -185 -174
Issuance of Common Equity		 0.26 0.25 0.26 2.08 4.51 7.38 9.23 9.43 8.73 8.37 6.54
Other Financing Activities, net		 -9.31 -17 -6.53 -2.02 -14 -28 -11 -16 -15 -7.84 -1.34
Effect of Exchange Rate Changes		 -4.13 -6.26 9.24 -4.82 2.18 7.81 -10 -17 7.06 -3.60 10

Quarterly Cash Flow Statements for Ziff Davis

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 77 -2.83 -48 -301 120 -75 26 46 104 -61 1,060
Net Cash From Operating Activities		 92 76 51 106 158 21 57 138 191 30 89
Net Cash From Continuing Operating Activities		 92 76 51 106 158 21 57 138 191 30 89
Net Income / (Loss) Continuing Operations		 63 11 37 -49 64 24 26 -3.60 0.37 22 624
Consolidated Net Income / (Loss)		 63 11 37 -49 64 24 26 -3.60 0.37 22 624
Depreciation Expense		 70 48 52 51 60 56 58 57 58 50 47
Non-Cash Adjustments To Reconcile Net Income		 11 27 3.79 99 10 5.32 5.42 49 94 8.94 -794
Changes in Operating Assets and Liabilities, net		 -51 -10 -42 3.87 24 -65 -32 35 39 -51 211
Net Cash From Investing Activities		 -23 -71 -12 -181 -33 -65 -6.77 -45 -29 -33 1,091
Net Cash From Continuing Investing Activities		 -23 -71 -12 -181 -33 -65 -6.77 -45 -29 -33 1,091
Purchase of Property, Plant & Equipment		 -26 -28 -26 -26 -27 -26 -30 -30 -33 -33 -35
Acquisitions		 -0.07 -45 -12 -155 -6.04 -39 -11 -17 -0.25 0.00 -8.03
Other Investing Activities, net		 3.65 -0.07 -0.06 -0.76 0.32 -0.01 0.06 -0.31 0.60 -0.08 -0.13
Net Cash From Financing Activities		 2.02 -6.31 -85 -231 2.10 -35 -32 -45 -59 -53 -120
Net Cash From Continuing Financing Activities		 2.02 -6.31 -85 -231 2.10 -35 -32 -45 -59 -53 -120
Repayment of Debt		 0.30 0.03 -0.97 -135 -0.14 -0.11 -1.49 -0.19 0.08 -1.90 -1.14
Repurchase of Common Equity		 -1.19 -3.92 -84 -96 -1.20 -35 -34 -44 -61 -52 -121
Effect of Exchange Rate Changes		 5.52 -0.60 -1.00 5.70 -7.69 4.35 7.83 -2.84 0.77 -4.45 0.70

Annual Balance Sheets for Ziff Davis

This table presents Ziff Davis' 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		 1,784 2,062 2,453 2,561 3,506 3,665 3,770 3,533 3,471 3,704 3,663
Total Current Assets		 483 348 620 460 887 623 1,301 1,084 1,191 1,272 1,370
Cash & Equivalents		 256 124 351 209 576 176 695 653 738 506 574
Accounts Receivable		 115 200 234 222 262 310 316 305 338 660 623
Prepaid Expenses		 26 24 35 29 49 52 60 68 89 106 82
Other Current Nonoperating Assets		 - - - - - 84 - - - - 91
Plant, Property, & Equipment, net		 57 68 80 99 128 132 161 178 188 197 162
Total Noncurrent Assets		 1,243 1,646 1,753 2,002 2,491 2,911 2,308 2,080 2,092 2,235 2,131
Long-Term Investments		 79 0.00 58 84 100 97 123 128 141 158 93
Goodwill		 808 1,123 1,197 1,380 1,633 1,525 1,531 1,591 1,546 1,580 1,347
Intangible Assets		 353 512 486 526 557 697 573 272 325 426 338
Noncurrent Deferred & Refundable Income Taxes		 0.00 5.29 - 0.00 60 12 5.92 8.52 8.73 7.49 5.11
Other Noncurrent Operating Assets		 4.61 6.45 13 11 141 96 76 80 71 63 25
Other Noncurrent Nonoperating Assets		 - - - - - 484 - - - - 323
Total Liabilities & Shareholders' Equity		 1,784 2,062 2,453 2,561 3,506 3,665 3,770 3,533 3,471 3,704 3,663
Total Liabilities		 894 1,148 1,433 1,525 2,195 2,454 1,803 1,641 1,578 1,893 1,910
Total Current Liabilities		 197 454 265 307 833 883 497 432 432 900 1,075
Short-Term Debt		 0.21 179 - 0.00 386 397 55 - - 0.00 149
Accounts Payable		 114 178 170 167 238 198 131 121 217 671 697
Current Deferred Revenue		 76 80 95 128 163 166 186 188 185 200 130
Current Deferred & Payable Income Tax Liabilities		 5.95 17 0.00 13 18 30 3.15 20 14 20 7.35
Other Current Liabilities		 - 0.06 0.01 0.32 29 30 27 22 16 9.50 16
Other Current Nonoperating Liabilities		 - - - - - 61 - - - - 76
Total Noncurrent Liabilities		 697 694 1,168 1,218 1,362 1,572 1,305 1,208 1,146 994 835
Long-Term Debt		 592 602 1,002 1,013 1,063 1,182 1,036 999 1,001 864 718
Noncurrent Deferred Revenue		 6.54 1.59 44 25 24 26 27 21 17 5.50 6.52
Noncurrent Deferred & Payable Income Tax Liabilities		 80 87 90 129 160 210 152 119 82 76 61
Other Noncurrent Operating Liabilities		 18 3.48 31 51 114 115 91 69 47 48 33
Other Noncurrent Nonoperating Liabilities		 - - - - - 38 - - - - 17
Total Equity & Noncontrolling Interests		 890 915 1,020 1,036 1,311 1,211 1,968 1,893 1,893 1,811 1,754
Total Preferred & Common Equity		 890 915 1,020 1,036 1,311 1,211 1,968 1,893 1,893 1,811 1,754
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
Total Common Equity		 890 915 1,020 1,036 1,311 1,211 1,968 1,893 1,893 1,811 1,754
Common Stock		 293 309 326 355 466 457 510 440 473 492 473
Retained Earnings		 627 660 723 770 892 809 1,515 1,538 1,492 1,401 1,338
Accumulated Other Comprehensive Income / (Loss)		 -29 -55 -29 -46 -46 -55 -57 -85 -72 -82 -57
Other Equity Adjustments		 - - - - 0.00 0.00 - - 0.00 0.00 0.00

Quarterly Balance Sheets for Ziff Davis

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

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 3,527 3,469 3,383 3,727 3,664 3,419 3,516 3,519 3,477 3,394 3,998
Total Current Assets		 1,107 1,075 1,064 1,293 1,231 951 1,072 1,102 1,125 1,435 2,085
Cash & Equivalents		 722 679 661 735 687 386 431 457 503 520 1,606
Accounts Receivable		 278 286 291 447 450 471 518 523 473 397 419
Prepaid Expenses		 68 74 82 95 94 94 123 122 148 83 60
Other Current Nonoperating Assets		 - - - - - - - - - 435 0.00
Plant, Property, & Equipment, net		 187 192 186 191 192 197 198 204 208 167 171
Total Noncurrent Assets		 2,233 2,202 2,133 2,243 2,240 2,271 2,245 2,213 2,145 1,792 1,742
Long-Term Investments		 116 114 140 140 152 153 167 140 120 100 100
Goodwill		 1,598 1,600 1,540 1,625 1,626 1,573 1,599 1,619 1,606 1,344 1,291
Intangible Assets		 433 402 368 401 386 471 416 398 375 314 294
Noncurrent Deferred & Refundable Income Taxes		 8.46 8.56 8.57 8.73 8.75 8.62 7.50 7.51 7.52 5.42 5.44
Other Noncurrent Operating Assets		 78 78 77 69 67 66 56 48 36 28 52
Other Noncurrent Nonoperating Assets		 - - - - - - - - - 0.00 0.00
Total Liabilities & Shareholders' Equity		 3,527 3,469 3,383 3,727 3,664 3,419 3,516 3,519 3,477 3,394 3,998
Total Liabilities		 1,632 1,607 1,579 1,825 1,794 1,667 1,695 1,677 1,678 1,673 1,761
Total Current Liabilities		 441 436 419 663 644 667 705 693 698 864 963
Short-Term Debt		 - - - - - - - - - 149 149
Accounts Payable		 144 127 128 360 368 371 464 474 472 450 490
Current Deferred Revenue		 201 189 183 200 198 204 218 209 203 132 127
Current Deferred & Payable Income Tax Liabilities		 - 11 4.99 18 6.70 10 14 0.00 5.51 2.71 186
Other Current Liabilities		 - 23 20 15 12 11 9.17 9.81 17 16 12
Other Current Nonoperating Liabilities		 - - - - - - - - - 114 0.00
Total Noncurrent Liabilities		 1,191 1,171 1,160 1,162 1,150 1,000 990 984 980 809 797
Long-Term Debt		 1,000 1,000 1,001 1,002 1,002 864 865 865 866 718 719
Noncurrent Deferred Revenue		 8.86 17 16 16 6.82 7.51 5.65 5.52 5.62 6.11 5.90
Noncurrent Deferred & Payable Income Tax Liabilities		 68 58 51 65 66 54 75 71 70 50 40
Other Noncurrent Operating Liabilities		 115 95 91 79 74 75 44 42 39 34 32
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - 0.00 0.00
Commitments & Contingencies		 0.00 0.00 - - - - - 0.00 - - 0.00
Total Equity & Noncontrolling Interests		 1,895 1,863 1,804 1,902 1,870 1,752 1,821 1,843 1,799 1,722 2,237
Total Preferred & Common Equity		 1,895 1,863 1,804 1,902 1,870 1,752 1,821 1,843 1,799 1,722 2,237
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,895 1,863 1,804 1,902 1,870 1,752 1,821 1,843 1,799 1,722 2,237
Common Stock		 445 449 463 476 477 481 485 485 483 455 437
Retained Earnings		 1,531 1,493 1,427 1,504 1,472 1,335 1,407 1,409 1,375 1,332 1,868
Accumulated Other Comprehensive Income / (Loss)		 -81 -80 -86 -78 -78 -63 -71 -52 -59 -65 -67

Annual Metrics And Ratios for Ziff Davis

This table displays calculated financial ratios and metrics derived from Ziff Davis' 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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 20.33% 21.29% 27.86% 8.00% -12.99% 10.32% 22.25% -1.82% -1.94% 2.76% 3.54%
EBITDA Growth		 17.99% 27.52% 14.82% -0.80% -24.24% 24.32% 70.48% -37.36% -18.30% -9.26% 6.47%
EBIT Growth		 6.98% 26.80% 5.91% -10.49% -64.15% 81.02% 186.33% -53.43% -40.62% -6.75% 3.80%
NOPAT Growth		 12.90% 2.99% -2.04% 6.65% -63.83% 6.88% 146.52% -36.23% -19.02% -29.71% 98.40%
Net Income Growth		 6.63% 14.07% -8.54% -7.70% 70.03% -31.14% 229.67% -87.16% -34.90% 51.91% -24.89%
EPS Growth		 5.81% 14.65% -9.58% -8.48% 70.03% -31.14% 226.10% -86.89% -34.56% 59.55% -19.01%
Operating Cash Flow Growth		 29.24% 23.28% -6.36% 51.78% 2.79% 16.37% 7.59% -34.87% -4.90% 21.99% 4.29%
Free Cash Flow Firm Growth		 -262.18% 11.92% 139.37% -68.41% -744.16% 140.89% 95.49% 24.56% -114.25% 209.59% 431.21%
Invested Capital Growth		 102.68% 46.99% 2.70% 8.80% 18.71% -1.76% -1.74% -7.46% 6.83% 1.13% -4.54%
Revenue Q/Q Growth		 5.52% 5.68% 6.13% 2.52% -19.97% 4.93% 23.56% -0.85% -0.50% 1.66% -0.42%
EBITDA Q/Q Growth		 3.09% 5.55% 10.09% 0.00% -32.09% 0.02% 164.69% -39.34% 4.63% 2.08% -13.94%
EBIT Q/Q Growth		 0.11% 6.38% 12.77% -4.28% -65.96% -3.40% 1,951.59% -57.67% 4.08% 16.58% -31.30%
NOPAT Q/Q Growth		 2.16% 3.93% -4.60% 11.43% -66.97% 6.72% 1,608.11% -35.65% 2.55% -4.27% 0.58%
Net Income Q/Q Growth		 2.07% 5.31% 5.06% 0.58% 49.46% -30.12% 155.65% -82.13% -8.89% 1.07% -57.37%
EPS Q/Q Growth		 2.25% 6.10% 4.81% 0.39% 49.46% -30.12% 149.28% -82.13% -10.10% 0.00% -56.11%
Operating Cash Flow Q/Q Growth		 18.27% 3.43% -1.65% 5.74% -0.95% 4.54% -6.82% -11.35% 18.04% 20.39% 8.78%
Free Cash Flow Firm Q/Q Growth		 -102.56% -396.56% 157.73% 151.07% -48.60% -18.24% 152.46% -54.36% -135.62% 210.81% 35.53%
Invested Capital Q/Q Growth		 0.75% 40.44% 6.04% 5.17% 1.86% 3.35% -15.86% -6.51% 0.73% -3.18% -5.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 82.94% 83.17% 84.59% 83.35% 82.17% 84.60% 86.73% 86.73% 86.39% 85.71% 84.55%
EBITDA Margin		 41.85% 44.01% 39.52% 36.30% 31.60% 35.62% 49.67% 31.69% 26.40% 23.31% 23.97%
Operating Margin		 27.66% 27.75% 21.98% 20.23% 8.40% 11.94% 11.81% 14.30% 9.72% 8.11% 12.62%
EBIT Margin		 27.66% 28.92% 23.95% 19.85% 8.18% 13.42% 31.43% 14.91% 9.03% 8.19% 8.21%
Profit (Net Income) Margin		 18.54% 17.44% 12.47% 10.66% 20.83% 13.00% 35.06% 4.58% 3.04% 4.50% 3.26%
Tax Burden Percent		 85.16% 72.10% 69.72% 72.46% 399.13% 192.31% 141.37% 48.61% 55.36% 67.65% 58.64%
Interest Burden Percent		 78.70% 83.64% 74.69% 74.10% 63.81% 50.38% 78.90% 63.24% 60.88% 81.15% 67.74%
Effective Tax Rate		 14.84% 27.90% 30.28% 25.20% 25.10% 48.95% -4.04% 44.19% 32.20% 44.39% 31.51%
Return on Invested Capital (ROIC)		 21.28% 13.25% 10.76% 10.85% 3.44% 3.42% 8.58% 5.73% 4.67% 3.16% 6.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 84.59% 7.88% 5.66% 2.62% 23.91% 13.37% 81.88% -724.89% -145.12% 3.06% -36.21%
Return on Net Nonoperating Assets (RNNOA)		 -5.65% 3.64% 3.65% 1.67% 15.20% 8.53% 22.67% -2.43% -2.48% 0.24% -3.72%
Return on Equity (ROE)		 15.63% 16.89% 14.41% 12.52% 18.65% 11.95% 31.25% 3.30% 2.19% 3.40% 2.66%
Cash Return on Invested Capital (CROIC)		 -46.57% -24.80% 8.09% 2.42% -13.66% 5.19% 10.33% 13.49% -1.93% 2.04% 11.02%
Operating Return on Assets (OROA)		 11.43% 13.15% 11.86% 9.56% 2.83% 4.34% 11.98% 5.68% 3.52% 3.20% 3.24%
Return on Assets (ROA)		 7.66% 7.93% 6.18% 5.13% 7.21% 4.20% 13.36% 1.75% 1.19% 1.76% 1.29%
Return on Common Equity (ROCE)		 15.63% 16.89% 14.41% 12.52% 18.65% 11.95% 31.25% 3.30% 2.19% 3.40% 2.66%
Return on Equity Simple (ROE_SIMPLE)		 15.01% 16.67% 13.67% 12.42% 16.69% 12.44% 25.24% 3.37% 2.19% 3.48% 0.00%
Net Operating Profit after Tax (NOPAT)		 170 175 171 183 66 71 174 111 90 63 125
NOPAT Margin		 23.56% 20.00% 15.33% 15.13% 6.29% 6.09% 12.29% 7.98% 6.59% 4.51% 8.64%
Net Nonoperating Expense Percent (NNEP)		 -63.31% 5.37% 5.10% 8.23% -20.46% -9.95% -73.30% 730.62% 149.79% 0.10% 42.59%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 3.84% 3.11% 2.36% 4.79%
Cost of Revenue to Revenue		 17.06% 16.83% 15.41% 16.65% 17.83% 15.40% 13.27% 13.27% 13.61% 14.29% 15.45%
SG&A Expenses to Revenue		 28.46% 27.41% 28.94% 31.08% 38.33% 36.12% 32.24% 13.07% 14.35% 14.52% 14.47%
R&D to Revenue		 4.76% 4.35% 4.12% 4.01% 4.25% 4.93% 5.57% 5.33% 5.05% 4.81% 4.27%
Operating Expenses to Revenue		 55.28% 55.43% 62.60% 63.11% 73.77% 72.67% 74.91% 72.43% 76.67% 77.60% 73.15%
Earnings before Interest and Taxes (EBIT)		 199 253 268 240 86 156 445 207 123 115 119
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 302 385 442 438 332 413 704 441 360 327 348
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.18 4.08 3.45 3.27 3.48 3.68 2.72 1.97 1.63 1.28 0.79
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 127.22 143.53 0.00 0.00
Price to Revenue (P/Rev)		 5.16 4.27 3.15 2.80 4.35 3.84 3.77 2.68 2.27 1.66 0.96
Price to Earnings (P/E)		 27.85 24.50 25.24 26.30 20.87 29.56 10.76 58.55 74.45 36.84 29.32
Dividend Yield		 1.58% 1.75% 2.09% 2.45% 1.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 3.59% 4.08% 3.96% 3.80% 4.79% 3.38% 9.29% 1.71% 1.34% 2.71% 3.41%
Enterprise Value to Invested Capital (EV/IC)		 3.65 2.80 2.55 2.34 2.56 2.81 2.68 2.09 1.60 1.25 0.81
Enterprise Value to Revenue (EV/Rev)		 5.41 5.02 3.68 3.40 5.08 4.97 3.80 2.80 2.34 1.80 1.07
Enterprise Value to EBITDA (EV/EBITDA)		 12.93 11.42 9.31 9.37 16.08 13.95 7.66 8.83 8.85 7.72 4.47
Enterprise Value to EBIT (EV/EBIT)		 19.56 17.37 15.36 17.12 62.14 37.02 12.10 18.77 25.87 21.97 13.04
Enterprise Value to NOPAT (EV/NOPAT)		 22.97 25.11 24.00 22.46 80.80 81.53 30.96 35.06 35.43 39.92 12.40
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.03 15.55 15.55 10.23 12.94 11.99 10.43 11.57 9.96 6.46 3.82
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 31.90 100.78 0.00 53.68 25.70 14.90 0.00 61.86 7.18
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.67 0.85 0.98 0.98 1.10 1.30 0.55 0.53 0.53 0.48 0.49
Long-Term Debt to Equity		 0.67 0.66 0.98 0.98 0.81 0.98 0.53 0.53 0.53 0.48 0.41
Financial Leverage		 -0.07 0.46 0.65 0.64 0.64 0.64 0.28 0.00 0.02 0.08 0.10
Leverage Ratio		 2.04 2.13 2.33 2.44 2.58 2.84 2.34 1.89 1.85 1.94 2.07
Compound Leverage Factor		 1.61 1.78 1.74 1.81 1.65 1.43 1.85 1.20 1.13 1.57 1.40
Debt to Total Capital		 39.96% 46.05% 49.55% 49.45% 52.49% 56.59% 35.66% 34.55% 34.60% 32.31% 33.07%
Short-Term Debt to Total Capital		 0.01% 10.55% 0.00% 0.00% 13.97% 14.22% 1.79% 0.00% 0.00% 0.00% 5.67%
Long-Term Debt to Total Capital		 39.94% 35.50% 49.55% 49.45% 38.52% 42.37% 33.88% 34.55% 34.60% 32.31% 27.40%
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 60.04% 53.95% 50.45% 50.55% 47.51% 43.41% 64.34% 65.45% 65.40% 67.69% 66.93%
Debt to EBITDA		 1.96 2.03 2.27 2.31 4.36 3.83 1.55 2.27 2.78 2.65 2.49
Net Debt to EBITDA		 0.59 1.71 1.34 1.64 2.33 3.16 0.06 0.36 0.27 0.61 0.48
Long-Term Debt to EBITDA		 1.96 1.56 2.27 2.31 3.20 2.86 1.47 2.27 2.78 2.65 2.06
Debt to NOPAT		 3.49 4.46 5.85 5.55 21.92 22.36 6.26 9.00 11.14 13.68 6.91
Net Debt to NOPAT		 1.05 3.75 3.46 3.94 11.69 18.47 0.25 1.44 1.06 3.17 1.33
Long-Term Debt to NOPAT		 3.49 3.44 5.85 5.55 16.09 16.74 5.95 9.00 11.14 13.68 5.72
Altman Z-Score		 3.96 3.17 2.88 2.60 2.00 1.77 3.36 2.78 2.55 1.87 1.55
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.46 0.77 2.34 1.50 1.06 0.71 2.62 2.51 2.76 1.41 1.27
Quick Ratio		 2.29 0.71 2.21 1.40 1.01 0.55 2.49 2.35 2.55 1.30 1.19
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -372 -327 129 41 -262 107 210 261 -37 41 217
Operating Cash Flow to CapEx		 1,324.28% 1,141.14% 667.81% 711.83% 584.43% 518.71% 454.14% 316.94% 294.27% 366.03% 341.51%
Free Cash Flow to Firm to Interest Expense		 -8.75 -7.91 1.90 0.66 -9.76 1.91 2.71 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 5.40 6.83 3.90 6.47 15.34 8.54 6.68 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 4.99 6.23 3.32 5.56 12.72 6.90 5.21 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.41 0.45 0.50 0.48 0.35 0.32 0.38 0.38 0.39 0.39 0.39
Accounts Receivable Turnover		 6.99 5.56 5.15 5.30 4.34 4.06 4.53 4.48 4.25 2.81 2.19
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		 15.07 13.93 15.12 13.52 9.27 8.94 9.68 8.20 7.45 7.27 7.07
Accounts Payable Turnover		 1.17 1.01 0.99 1.20 0.93 0.82 1.14 1.47 1.10 0.45 0.32
Days Sales Outstanding (DSO)		 52.25 65.66 70.87 68.90 84.01 90.00 80.63 81.49 85.96 129.93 166.93
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)		 311.24 362.84 368.48 305.29 394.14 445.92 319.12 249.02 332.03 808.72 1,123.67
Cash Conversion Cycle (CCC)		 -258.99 -297.17 -297.61 -236.39 -310.14 -355.92 -238.50 -167.53 -246.08 -678.79 -956.74
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,069 1,571 1,614 1,756 2,084 2,047 2,012 1,862 1,989 2,011 1,920
Invested Capital Turnover		 0.90 0.66 0.70 0.72 0.55 0.56 0.70 0.72 0.71 0.70 0.74
Increase / (Decrease) in Invested Capital		 542 502 42 142 328 -37 -36 -150 127 22 -91
Enterprise Value (EV)		 3,900 4,392 4,112 4,104 5,339 5,758 5,390 3,893 3,185 2,523 1,555
Market Capitalization		 3,721 3,735 3,519 3,384 4,567 4,454 5,346 3,733 3,090 2,323 1,389
Book Value per Share		 $18.35 $19.03 $21.08 $21.01 $26.91 $26.56 $40.81 $40.10 $41.17 $42.37 $44.39
Tangible Book Value per Share		 ($5.57) ($14.98) ($13.68) ($17.67) ($18.03) ($22.17) ($2.83) $0.62 $0.47 ($4.57) ($5.02)
Total Capital		 1,483 1,695 2,022 2,049 2,760 2,790 3,058 2,892 2,894 2,675 2,620
Total Debt		 592 781 1,002 1,013 1,448 1,579 1,091 999 1,001 864 867
Total Long-Term Debt		 592 602 1,002 1,013 1,063 1,182 1,036 999 1,001 864 718
Net Debt		 179 657 593 720 773 1,304 44 160 96 200 166
Capital Expenditures (CapEx)		 17 25 40 56 71 93 114 106 109 107 119
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -49 -51 4.38 -56 -136 -40 -66 -59 -5.56 -133 -163
Debt-free Net Working Capital (DFNWC)		 286 73 355 153 439 137 858 652 759 372 444
Net Working Capital (NWC)		 286 -106 355 153 54 -260 803 652 759 372 295
Net Nonoperating Expense (NNE)		 36 22 32 54 -153 -80 -323 47 48 0.15 78
Net Nonoperating Obligations (NNO)		 179 657 593 720 773 836 44 -31 96 200 166
Total Depreciation and Amortization (D&A)		 102 132 174 199 246 257 258 233 237 212 229
Debt-free, Cash-free Net Working Capital to Revenue		 -6.77% -5.86% 0.39% -4.68% -12.97% -3.45% -4.66% -4.27% -0.41% -9.52% -11.22%
Debt-free Net Working Capital to Revenue		 39.73% 8.32% 31.79% 12.67% 41.82% 11.83% 60.57% 46.86% 55.66% 26.57% 30.60%
Net Working Capital to Revenue		 39.70% -12.13% 31.79% 12.67% 5.12% -22.41% 56.71% 46.86% 55.66% 26.57% 20.36%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.43 $2.77 $2.54 $2.32 $3.97 $2.85 $10.81 $1.36 $0.89 $1.42 $1.16
Adjusted Weighted Average Basic Shares Outstanding		 54.21M 54.25M 54.16M 54.57M 54.23M 52.70M 45.89M 46.95M 46.40M 44.46M 40.98M
Adjusted Diluted Earnings per Share		 $2.40 $2.75 $2.49 $2.28 $3.86 $2.79 $10.37 $1.36 $0.89 $1.42 $1.15
Adjusted Weighted Average Diluted Shares Outstanding		 54.73M 54.59M 55.39M 55.69M 55.80M 53.63M 47.86M 47.03M 46.46M 44.52M 41.10M
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		 55.39M 54.82M 55.88M 55.49M 55.44M 51.41M 47.27M 47.26M 46.07M 42.85M 37.65M
Normalized Net Operating Profit after Tax (NOPAT)		 170 175 171 183 66 71 140 126 128 111 137
Normalized NOPAT Margin		 23.56% 20.00% 15.33% 15.13% 6.29% 6.09% 9.88% 9.08% 9.42% 7.89% 9.47%
Pre Tax Income Margin		 21.77% 24.19% 17.89% 14.71% 5.22% 6.76% 24.80% 9.43% 5.50% 6.65% 5.56%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.70 6.11 3.95 3.87 3.20 2.77 5.76 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 4.00 4.23 2.53 2.95 2.46 1.26 2.25 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 4.29 5.51 3.37 2.96 0.57 1.12 4.29 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 3.59 3.63 1.94 2.04 -0.17 -0.39 0.78 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 44.02% 43.19% 52.69% 64.17% 20.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 46.77% 80.25% 59.76% 100.77% 29.58% 182.95% 15.77% 122.80% 261.49% 293.72% 367.01%

Quarterly Metrics And Ratios for Ziff Davis

This table displays calculated financial ratios and metrics derived from Ziff Davis' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 37,654,436.00 36,835,400.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 37,654,436.00 36,835,400.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.59 16.95
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.72% 2.39% -1.60% 3.69% 5.88% 4.50% 9.79% 2.87% -1.48% -1.90% -2.74%
EBITDA Growth		 5.44% 34.76% -2.22% -50.17% -12.81% 9.61% -0.78% 362.78% -39.98% -22.41% -97.73%
EBIT Growth		 -2.25% 531.71% 7.87% -89.09% -12.07% 1.09% -18.14% 201.84% -67.08% -72.14% -498.57%
NOPAT Growth		 -1.84% -52.44% -19.16% -120.02% -4.14% 13.93% 21.78% 44.88% 35.42% -69.69% -325.64%
Net Income Growth		 -6.00% 239.33% 121.30% -56.85% 1.05% 128.09% -28.63% 92.59% -99.42% -8.16% 2,270.50%
EPS Growth		 -4.86% 243.75% 113.89% -65.67% 11.68% 143.48% -19.48% 91.89% -96.08% 3.51% 2,623.81%
Operating Cash Flow Growth		 113.12% -34.47% 27.28% 45.53% 71.77% -72.72% 12.87% 30.52% 20.76% 45.31% 55.87%
Free Cash Flow Firm Growth		 -127.55% 0.02% -43.12% -1,747.59% 169.44% -301.54% -311.99% 119.37% 326.53% 745.42% 1,156.82%
Invested Capital Growth		 6.83% -0.24% -0.04% 5.21% 1.13% 3.74% 3.85% -1.69% -4.54% -21.08% -33.72%
Revenue Q/Q Growth		 14.34% -19.34% 2.01% 10.22% 16.76% -20.39% 7.17% 3.27% 11.82% -34.19% 7.14%
EBITDA Q/Q Growth		 337.35% -52.80% 27.68% -78.19% 665.35% -40.67% -3.24% 5.32% -5.85% -36.87% -97.07%
EBIT Q/Q Growth		 696.65% -68.27% 73.41% -186.58% 377.47% -63.52% -14.32% 17.44% -18.05% -86.42% -1,351.63%
NOPAT Q/Q Growth		 818.22% -69.05% 10.38% -189.67% 412.93% -63.21% 17.97% -140.59% 868.82% -97.64% -1,625.34%
Net Income Q/Q Growth		 304.78% -83.24% 247.32% -231.61% 231.93% -62.18% 8.68% -113.66% 110.28% 5,916.49% 2,705.18%
EPS Q/Q Growth		 304.48% -83.21% 234.78% -244.16% 237.84% -63.40% 10.71% -114.52% 166.67% 883.33% 2,808.47%
Operating Cash Flow Q/Q Growth		 26.52% -17.98% -33.08% 109.56% 49.33% -86.97% 176.88% 142.32% 38.17% -84.32% 197.01%
Free Cash Flow Firm Q/Q Growth		 -903.70% 142.61% -7.22% -618.58% 133.87% -223.66% 2.41% 147.38% 645.98% 148.14% 53.93%
Invested Capital Q/Q Growth		 0.73% 1.21% 0.99% 2.19% -3.18% 3.83% 1.10% -3.27% -5.98% -14.16% -15.10%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 90.52% 85.41% 83.61% 84.94% 88.51% 85.64% 86.10% 80.56% 85.92% 83.44% 84.06%
EBITDA Margin		 43.71% 25.58% 27.75% 5.49% 35.99% 26.83% 24.22% 24.70% 20.80% 19.95% 0.55%
Operating Margin		 20.70% 11.40% 8.91% -8.29% 19.02% 10.69% 9.51% 7.82% 21.16% 1.10% -15.60%
EBIT Margin		 25.85% 10.17% 11.50% -9.03% 21.47% 9.84% 7.86% 8.94% 6.55% 1.35% -15.80%
Profit (Net Income) Margin		 16.27% 3.38% 11.51% -13.74% 15.52% 7.38% 7.48% -0.99% 0.09% 8.32% 217.78%
Tax Burden Percent		 83.40% 54.49% 105.21% 135.08% 85.94% 92.53% 103.25% -39.36% 1.86% -679.52% -1,222.54%
Interest Burden Percent		 75.46% 60.99% 95.11% 112.60% 84.15% 81.03% 92.12% 28.11% 74.64% -90.50% 112.73%
Effective Tax Rate		 17.04% 42.20% 19.92% 0.00% 18.25% 32.78% 16.80% 139.77% -1.03% 0.00% 0.00%
Return on Invested Capital (ROIC)		 12.17% 4.49% 4.79% -3.95% 10.90% 4.96% 5.53% -2.20% 15.78% 0.59% -8.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.22% -4.16% 13.20% -15.29% 10.83% 5.29% 4.82% 0.52% -31.46% 21.53% -239.00%
Return on Net Nonoperating Assets (RNNOA)		 0.02% -0.26% 1.18% -2.13% 0.87% 0.54% 0.56% 0.08% -3.23% 1.17% 33.39%
Return on Equity (ROE)		 12.19% 4.23% 5.97% -6.08% 11.76% 5.50% 6.09% -2.12% 12.55% 1.77% 24.45%
Cash Return on Invested Capital (CROIC)		 -1.93% 4.81% 4.46% -1.82% 2.04% -0.46% -0.55% 7.76% 11.02% 29.56% 31.33%
Operating Return on Assets (OROA)		 10.07% 3.84% 4.40% -3.66% 8.39% 3.85% 3.17% 3.78% 2.58% 0.57% -6.05%
Return on Assets (ROA)		 6.34% 1.28% 4.41% -5.57% 6.07% 2.88% 3.01% -0.42% 0.04% 3.48% 83.32%
Return on Common Equity (ROCE)		 12.19% 4.23% 5.97% -6.08% 11.76% 5.50% 6.09% -2.12% 12.55% 1.77% 24.45%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 3.14% 4.28% 3.56% 0.00% 4.21% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 67 21 23 -21 64 24 28 -11 87 2.05 -31
NOPAT Margin		 17.17% 6.59% 7.13% -5.80% 15.55% 7.19% 7.91% -3.11% 21.37% 0.77% -10.92%
Net Nonoperating Expense Percent (NNEP)		 10.95% 8.64% -8.41% 11.34% 0.07% -0.33% 0.70% -2.72% 47.24% -20.93% 230.05%
Return On Investment Capital (ROIC_SIMPLE)		 2.31% 0.71% - - 2.40% 0.88% 1.03% -0.42% 3.32% 0.08% -1.01%
Cost of Revenue to Revenue		 9.48% 14.59% 16.39% 15.06% 11.49% 14.36% 13.90% 19.44% 14.08% 16.56% 15.94%
SG&A Expenses to Revenue		 -27.38% 15.74% 30.57% 28.76% -22.55% 14.27% 15.35% 14.85% 13.54% 17.43% 16.56%
R&D to Revenue		 3.98% 5.65% 5.24% 4.31% 4.25% 4.83% 4.68% 4.23% 3.49% 5.10% 5.01%
Operating Expenses to Revenue		 69.81% 74.01% 74.70% 93.23% 69.49% 74.95% 76.59% 72.74% 69.09% 82.35% 99.66%
Earnings before Interest and Taxes (EBIT)		 101 32 37 -32 89 32 28 33 27 3.62 -45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 170 80 89 19 149 88 85 90 85 53 1.56
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.63 1.52 1.36 1.24 1.28 0.88 0.69 0.87 0.79 0.92 0.86
Price to Tangible Book Value (P/TBV)		 143.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.86 2.96
Price to Revenue (P/Rev)		 2.27 2.11 1.86 1.58 1.66 1.14 0.88 1.07 0.96 1.09 1.34
Price to Earnings (P/E)		 74.45 48.51 31.75 34.90 36.84 21.00 19.28 12.14 29.32 34.82 3.00
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		 1.34% 2.06% 3.15% 2.87% 2.71% 4.76% 5.19% 8.23% 3.41% 2.87% 33.36%
Enterprise Value to Invested Capital (EV/IC)		 1.60 1.50 1.33 1.20 1.25 0.90 0.73 0.88 0.81 1.11 0.78
Enterprise Value to Revenue (EV/Rev)		 2.34 2.19 1.98 1.81 1.80 1.33 1.07 1.24 1.07 1.26 0.76
Enterprise Value to EBITDA (EV/EBITDA)		 8.85 7.90 7.96 7.82 7.72 5.61 4.62 4.47 4.47 5.50 4.11
Enterprise Value to EBIT (EV/EBIT)		 25.87 20.06 23.80 25.40 21.97 16.29 14.14 10.40 13.04 16.64 20.52
Enterprise Value to NOPAT (EV/NOPAT)		 35.43 32.71 30.12 37.90 39.92 28.55 23.05 14.48 12.40 16.29 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.96 10.74 9.28 7.72 6.46 5.60 4.51 4.82 3.82 4.39 2.43
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 31.05 29.82 0.00 61.86 0.00 0.00 11.29 7.18 3.31 1.98
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.53 0.53 0.54 0.49 0.48 0.47 0.47 0.48 0.49 0.50 0.39
Long-Term Debt to Equity		 0.53 0.53 0.54 0.49 0.48 0.47 0.47 0.48 0.41 0.42 0.32
Financial Leverage		 0.02 0.06 0.09 0.14 0.08 0.10 0.12 0.16 0.10 0.05 -0.14
Leverage Ratio		 1.85 1.91 1.91 1.91 1.94 1.95 1.93 1.94 2.07 1.95 1.84
Compound Leverage Factor		 1.40 1.17 1.82 2.15 1.63 1.58 1.78 0.55 1.54 -1.77 2.08
Debt to Total Capital		 34.60% 34.50% 34.90% 33.02% 32.31% 32.20% 31.96% 32.49% 33.07% 33.50% 27.94%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.67% 5.75% 4.80%
Long-Term Debt to Total Capital		 34.60% 34.50% 34.90% 33.02% 32.31% 32.20% 31.96% 32.49% 27.40% 27.75% 23.15%
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 65.40% 65.50% 65.10% 66.98% 67.69% 67.80% 68.04% 67.51% 66.93% 66.50% 72.06%
Debt to EBITDA		 2.78 2.63 2.95 2.70 2.65 2.59 2.59 2.14 2.49 2.61 3.27
Net Debt to EBITDA		 0.27 0.29 0.48 1.01 0.61 0.80 0.80 0.60 0.48 0.74 -3.16
Long-Term Debt to EBITDA		 2.78 2.63 2.95 2.70 2.65 2.59 2.59 2.14 2.06 2.16 2.71
Debt to NOPAT		 11.14 10.89 11.17 13.08 13.68 13.15 12.93 6.95 6.91 7.73 -5.35
Net Debt to NOPAT		 1.06 1.20 1.81 4.92 3.17 4.06 4.01 1.95 1.33 2.20 5.17
Long-Term Debt to NOPAT		 11.14 10.89 11.17 13.08 13.68 13.15 12.93 6.95 5.72 6.40 -4.43
Altman Z-Score		 2.53 2.12 2.01 1.80 1.84 1.69 1.59 1.71 1.46 1.75 1.97
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.76 1.95 1.91 1.43 1.41 1.52 1.59 1.61 1.27 1.66 2.16
Quick Ratio		 2.55 1.81 1.77 1.28 1.30 1.35 1.41 1.40 1.19 1.06 2.10
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -60 26 24 -123 42 -52 -50 24 178 442 681
Operating Cash Flow to CapEx		 350.89% 268.61% 198.26% 410.01% 582.62% 80.46% 189.41% 458.92% 573.65% 90.42% 254.19%
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		 0.39 0.38 0.38 0.41 0.39 0.39 0.40 0.42 0.39 0.42 0.38
Accounts Receivable Turnover		 4.25 3.78 3.71 3.62 2.81 2.94 2.97 3.09 2.19 3.16 3.05
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		 7.45 7.26 7.10 7.19 7.27 7.28 7.30 7.19 7.07 7.92 7.65
Accounts Payable Turnover		 1.10 0.74 0.82 0.81 0.45 0.49 0.48 0.52 0.32 0.50 0.48
Days Sales Outstanding (DSO)		 85.96 96.43 98.36 100.87 129.93 124.35 122.75 118.18 166.93 115.52 119.53
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)		 332.03 495.15 443.30 452.20 808.72 745.47 766.12 699.32 1,123.67 731.17 754.45
Cash Conversion Cycle (CCC)		 -246.08 -398.71 -344.94 -351.33 -678.79 -621.12 -643.37 -581.15 -956.74 -615.66 -634.92
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,989 2,013 2,033 2,077 2,011 2,088 2,111 2,042 1,920 1,648 1,399
Invested Capital Turnover		 0.71 0.68 0.67 0.68 0.70 0.69 0.70 0.71 0.74 0.77 0.82
Increase / (Decrease) in Invested Capital		 127 -4.91 -0.91 103 22 75 78 -35 -91 -440 -712
Enterprise Value (EV)		 3,185 3,010 2,702 2,502 2,523 1,877 1,542 1,805 1,555 1,827 1,091
Market Capitalization		 3,090 2,899 2,539 2,177 2,323 1,610 1,274 1,562 1,389 1,580 1,929
Book Value per Share		 $41.17 $41.47 $40.54 $39.17 $42.37 $42.51 $43.78 $43.87 $44.39 $45.72 $60.74
Tangible Book Value per Share		 $0.47 ($2.69) ($3.08) ($6.51) ($4.57) ($4.51) ($4.14) ($4.45) ($5.02) $1.69 $17.72
Total Capital		 2,894 2,904 2,872 2,616 2,675 2,686 2,708 2,665 2,620 2,589 3,105
Total Debt		 1,001 1,002 1,002 864 864 865 865 866 867 867 868
Total Long-Term Debt		 1,001 1,002 1,002 864 864 865 865 866 718 718 719
Net Debt		 96 111 163 325 200 267 268 243 166 247 -838
Capital Expenditures (CapEx)		 26 28 26 26 27 26 30 30 33 33 35
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5.56 -121 -100 -102 -133 -63 -48 -77 -163 201 -336
Debt-free Net Working Capital (DFNWC)		 759 630 587 284 372 368 410 427 444 721 1,270
Net Working Capital (NWC)		 759 630 587 284 372 368 410 427 295 572 1,121
Net Nonoperating Expense (NNE)		 3.54 10 -14 28 0.10 -0.62 1.52 -7.71 87 -20 -656
Net Nonoperating Obligations (NNO)		 96 111 163 325 200 267 268 243 166 -74 -838
Total Depreciation and Amortization (D&A)		 70 48 52 51 60 56 58 57 58 50 47
Debt-free, Cash-free Net Working Capital to Revenue		 -0.41% -8.85% -7.31% -7.43% -9.52% -4.48% -3.29% -5.27% -11.22% 13.89% -23.35%
Debt-free Net Working Capital to Revenue		 55.66% 45.92% 42.99% 20.57% 26.57% 25.96% 28.30% 29.27% 30.60% 49.83% 88.34%
Net Working Capital to Revenue		 55.66% 45.92% 42.99% 20.57% 26.57% 25.96% 28.30% 29.27% 20.36% 39.54% 77.98%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.37 $0.23 $0.81 ($1.11) $1.49 $0.57 $0.63 ($0.09) $0.05 $0.59 $17.16
Adjusted Weighted Average Basic Shares Outstanding		 46.40M 45.86M 45.49M 43.92M 44.46M 42.56M 41.73M 40.56M 40.98M 37.60M 36.38M
Adjusted Diluted Earnings per Share		 $1.37 $0.23 $0.77 ($1.11) $1.53 $0.56 $0.62 ($0.09) $0.06 $0.59 $17.16
Adjusted Weighted Average Diluted Shares Outstanding		 46.46M 45.96M 50.67M 43.92M 44.52M 44.17M 43.15M 40.56M 41.10M 37.60M 36.38M
Adjusted Basic & Diluted Earnings per Share		 $1.37 $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		 46.07M 46.13M 44.74M 42.74M 42.85M 42.09M 41.00M 39.50M 37.65M 36.84M 34.29M
Normalized Net Operating Profit after Tax (NOPAT)		 67 21 23 39 64 24 28 20 60 2.05 7.08
Normalized NOPAT Margin		 17.17% 6.59% 7.13% 11.08% 15.55% 7.19% 7.91% 5.47% 14.81% 0.77% 2.47%
Pre Tax Income Margin		 19.51% 6.20% 10.94% -10.17% 18.06% 7.97% 7.24% 2.51% 4.89% -1.22% -17.81%
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		 261.49% 183.37% 167.25% 296.83% 293.72% 281.97% 251.30% 103.02% 367.01% 419.79% 43.20%

Financials Breakdown Chart

Key Financial Trends

Ziff Davis’ Q1 2026 results show a sharp rebound in profitability and solid cash generation, but the quarter also featured a meaningful drop in cash and continued heavy capital returns to shareholders.

Revenue came in at $267.6 million, down from $406.7 million in Q4 2025 and $272.8 million in Q1 2025. The year-over-year comparison is relatively flat, but the sequential decline reflects normal seasonality and a softer top line than the prior quarter. Gross profit was $223.3 million, with gross margin still strong at roughly 83%.

Operating income was only $2.9 million, a big step down from $86.0 million in Q4 2025, but that was likely impacted by the lower revenue base and a still-heavy expense structure. On the bottom line, reported consolidated net income was $22.3 million, helped by $23.0 million from discontinued operations. Continuing operations were essentially breakeven at ($0.8 million), versus $9.8 million of continuing income in Q1 2025 restated results.

Cash flow was mixed. Ziff Davis generated $30.0 million in operating cash flow, which is positive, but that was well below $191.1 million in Q4 2025 and $20.6 million in Q1 2025. The company also spent $33.1 million on capital expenditures and repurchased $51.6 million of stock, while repaying another $1.9 million of debt.

The balance sheet remains reasonably sturdy, but cash declined materially from the prior quarter. Cash and equivalents fell to $519.7 million from $503.4 million in Q3 2025 and $431.0 million in Q1 2025, while total debt stood at $867.1 million combined short-term and long-term debt. Equity was $1.72 billion, and total assets were $3.39 billion.

  • Gross margin remains high, with gross profit of $223.3 million on $267.6 million of revenue, showing strong underlying monetization.
  • Operating cash flow was positive at $30.0 million, so the business is still generating cash from operations.
  • Reported net income improved meaningfully to $22.3 million, helped by discontinued operations.
  • Cash on hand remains substantial at $519.7 million, giving the company flexibility.
  • Share repurchases continue, which can support per-share earnings if operating performance stabilizes.
  • Revenue was down sequentially from Q4 2025, but the business has generally held up better on a year-over-year basis than the quarter-over-quarter comparison suggests.
  • Discontinued operations boosted earnings, so the headline profit figure is stronger than the core continuing business.
  • Capex remained meaningful at $33.1 million, indicating ongoing investment in the business.
  • Debt remains a notable balance-sheet item at about $867.1 million combined, but it does not appear immediately strained by current liquidity.
  • Continuing operations were essentially breakeven, suggesting the core business is not yet translating revenue into meaningful profit this quarter.
  • Operating cash flow fell sharply from the prior quarter, which is a caution flag if the trend continues.
  • Cash and equivalents declined sharply versus the prior quarter after financing outflows and buybacks.
  • Share repurchases were large at $51.6 million, which supports EPS but also consumes liquidity when operating cash flow is softer.

Bottom line: Ziff Davis still looks financially durable, with strong margins, positive operating cash flow, and a large cash balance. But the latest quarter shows pressure in core continuing operations and a heavy reliance on cash for buybacks and investments. Investors will want to watch whether operating income and continuing earnings can recover in the next few quarters.

08/10/26 12:04 PM ETAI Generated. May Contain Errors.

Ziff Davis Financials - Frequently Asked Questions

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

Ziff Davis' net income appears to be on a downward trend, with a most recent value of $47.35 million in 2025, falling from $133.64 million in 2015. The previous period was $63.05 million in 2024. Find out what analysts predict for Ziff Davis in the coming months.

Ziff Davis' total operating income in 2025 was $183.09 million, based on the following breakdown:
  • Total Gross Profit: $1.23 billion
  • Total Operating Expenses: $1.06 billion

Over the last 10 years, Ziff Davis' total revenue changed from $720.82 million in 2015 to $1.45 billion in 2025, a change of 101.3%.

Ziff Davis' total liabilities were at $1.91 billion at the end of 2025, a 0.9% increase from 2024, and a 113.7% increase since 2015.

In the past 10 years, Ziff Davis' cash and equivalents has ranged from $123.95 million in 2016 to $737.61 million in 2023, and is currently $573.78 million as of their latest financial filing in 2025.

Over the last 10 years, Ziff Davis' book value per share changed from 18.35 in 2015 to 44.39 in 2025, a change of 142.0%.


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Financial statements for NASDAQ:ZD last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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