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Zeta Global (ZETA) Financials

Zeta Global logo
$30.56 +0.34 (+1.13%)
As of 08/28/2026 03:58 PM Eastern
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Annual Income Statements for Zeta Global

Annual Income Statements for Zeta Global

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 -56 -73 -257 -279 -187 -70 -32
Consolidated Net Income / (Loss)		 -38 -53 -250 -279 -187 -70 -32
Net Income / (Loss) Continuing Operations		 -38 -53 -250 -279 -187 -70 -32
Total Pre-Tax Income 		-37 -52 -250 -281 -186 -75 -33
Total Operating Income		 -18 -8.08 -248 -259 -168 -68 5.37
Total Gross Profit		 196 219 284 375 454 606 791
Total Revenue		 306 368 458 591 729 1,006 1,305
Operating Revenue		 306 368 458 591 729 1,006 1,305
Total Cost of Revenue		 110 149 175 215 274 400 514
Operating Cost of Revenue		 110 149 175 215 274 400 514
Total Operating Expenses		 213 227 532 635 622 674 786
Selling, General & Admin Expense		 73 71 190 214 205 205 233
Marketing Expense		 70 77 229 299 288 315 340
Research & Development Expense		 29 32 64 69 74 91 117
Depreciation Expense		 34 40 46 52 51 56 72
Restructuring Charge		 7.30 7.49 2.68 0.34 3.05 8.23 23
Total Other Income / (Expense), net		 -20 -44 -2.03 -22 -19 -7.15 -38
Interest Expense		 15 16 -2.97 7.30 11 7.15 0.37
Other Income / (Expense), net		 -4.44 -28 -5.00 -14 -7.82 0.00 -38
Income Tax Expense		 1.01 0.92 -0.60 -1.49 1.04 -5.18 -1.58
Basic Earnings per Share		 ($1.77) ($2.23) ($2.95) ($2.01) ($1.20) ($0.38) ($0.14)
Weighted Average Basic Shares Outstanding		 31.58M 32.59M 86.93M 138.99M 156.70M 185.98M 220.72M
Diluted Earnings per Share		 ($1.77) ($2.23) ($2.95) ($2.01) ($1.20) ($0.38) ($0.14)
Weighted Average Diluted Shares Outstanding		 31.58M 32.59M 86.93M 138.99M 156.70M 185.98M 220.72M
Weighted Average Basic & Diluted Shares Outstanding		 - - 199.20M 207.42M 218.42M 475.44M 488.25M

Quarterly Income Statements for Zeta Global

This table shows Zeta Global's 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		 -35 -40 -28 -17 15 -22 -13 -3.63 6.54 -13 8.17
Consolidated Net Income / (Loss)		 -35 -40 -28 -17 15 -22 -13 -3.63 6.54 -13 8.17
Net Income / (Loss) Continuing Operations		 -35 -40 -28 -17 15 -22 -13 -3.63 6.54 -13 8.17
Total Pre-Tax Income 		-35 -39 -28 -17 8.98 -20 -12 -2.79 1.29 -16 7.80
Total Operating Income		 -32 -36 -27 -12 6.92 -16 -5.11 8.75 18 -19 17
Total Gross Profit		 126 118 137 163 189 161 191 204 235 234 262
Total Revenue		 210 195 228 268 315 264 308 337 395 396 443
Operating Revenue		 210 195 228 268 315 264 308 337 395 396 443
Total Cost of Revenue		 85 77 91 106 126 103 117 133 160 162 181
Operating Cost of Revenue		 85 77 91 106 126 103 117 133 160 162 181
Total Operating Expenses		 158 154 163 175 182 177 197 195 217 253 245
Selling, General & Admin Expense		 51 49 51 50 54 54 62 56 60 73 76
Marketing Expense		 73 71 76 85 83 75 86 85 93 102 104
Research & Development Expense		 20 20 24 23 24 27 31 30 30 45 42
Depreciation Expense		 13 14 13 13 17 18 17 17 20 24 23
Restructuring Charge		 - 0.00 0.00 4.58 3.65 3.15 0.00 6.48 14 8.42 0.00
Total Other Income / (Expense), net		 -3.48 -3.30 -1.00 -4.80 1.94 -3.84 -6.52 -12 -17 3.02 -9.12
Interest Expense		 2.80 2.63 2.56 1.95 0.02 0.33 0.17 -0.18 0.05 0.76 0.90
Other Income / (Expense), net		 -0.68 -0.67 1.56 -2.85 1.96 -3.51 -6.35 -12 -16 3.78 -8.23
Income Tax Expense		 -0.06 0.40 0.49 0.20 -6.26 1.64 1.19 0.84 -5.25 -2.58 -0.37
Basic Earnings per Share		 ($0.21) ($0.23) ($0.16) ($0.09) $0.10 ($0.10) ($0.06) ($0.02) $0.04 ($0.06) $0.03
Weighted Average Basic Shares Outstanding		 156.70M 171.23M 177.87M 187.91M 185.98M 212.56M 217.25M 222.44M 220.72M 238.55M 245.34M
Diluted Earnings per Share		 ($0.21) ($0.23) ($0.16) ($0.09) $0.10 ($0.10) ($0.06) ($0.02) $0.04 ($0.06) $0.03
Weighted Average Diluted Shares Outstanding		 156.70M 171.23M 177.87M 187.91M 185.98M 212.56M 217.25M 222.44M 220.72M 238.55M 256.58M
Weighted Average Basic & Diluted Shares Outstanding		 218.42M 218.79M 219.95M 237.45M 475.44M 471.09M - 481.17M 488.25M 498.52M 502.03M

Annual Cash Flow Statements for Zeta Global

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 -3.11 13 53 17 11 234 -46
Net Cash From Operating Activities		 31 36 44 78 91 134 199
Net Cash From Continuing Operating Activities		 31 36 44 78 91 134 199
Net Income / (Loss) Continuing Operations		 -38 -53 -250 -279 -187 -70 -32
Consolidated Net Income / (Loss)		 -38 -53 -250 -279 -187 -70 -32
Depreciation Expense		 34 40 46 52 51 56 72
Non-Cash Adjustments To Reconcile Net Income		 6.80 32 254 312 252 194 211
Changes in Operating Assets and Liabilities, net		 28 16 -6.27 -5.95 -25 -46 -53
Net Cash From Investing Activities		 -62 -25 -47 -48 -54 -98 -124
Net Cash From Continuing Investing Activities		 -62 -25 -47 -48 -54 -98 -124
Purchase of Property, Plant & Equipment		 -23 -25 -27 -39 -36 -42 -34
Acquisitions		 -39 0.00 -20 -9.21 -18 -56 -90
Net Cash From Financing Activities		 28 2.78 56 -13 -26 198 -121
Net Cash From Continuing Financing Activities		 28 2.78 56 -13 -26 198 -121
Repayment of Debt		 -1.70 -6.50 -181 -5.63 -11 -198 -6.25
Repurchase of Common Equity		 - 0.00 -64 -9.61 -13 -42 -121
Payment of Dividends		 -1.77 -0.72 -9.85 -5.96 -16 -7.03 -6.33
Issuance of Debt		 32 0.00 183 5.63 11 209 6.25
Issuance of Common Equity		 0.00 0.00 127 2.74 3.06 232 4.25
Other Financing Activities, net		 0.00 10 0.14 0.20 0.24 3.18 2.24
Effect of Exchange Rate Changes		 -0.08 -0.21 -0.04 -0.17 -0.03 0.23 -0.27
Cash Interest Paid		 12 13 7.00 5.67 10 7.35 0.91
Cash Income Taxes Paid		 0.78 1.30 1.76 1.61 1.90 1.89 3.06

Quarterly Cash Flow Statements for Zeta Global

This table details how cash moves in and out of Zeta Global's 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		 11 9.92 13 264 -52 -1.76 0.92 20 -65 -31 21
Net Cash From Operating Activities		 27 25 31 34 44 35 42 58 64 50 69
Net Cash From Continuing Operating Activities		 27 25 31 34 44 35 42 58 64 50 69
Net Income / (Loss) Continuing Operations		 -35 -40 -28 -17 15 -22 -13 -3.63 6.54 -13 8.17
Consolidated Net Income / (Loss)		 -35 -40 -28 -17 15 -22 -13 -3.63 6.54 -13 8.17
Depreciation Expense		 13 14 13 13 17 18 17 17 20 24 23
Non-Cash Adjustments To Reconcile Net Income		 64 53 51 49 41 45 55 59 52 48 54
Changes in Operating Assets and Liabilities, net		 -16 -2.61 -4.67 -10 -29 -6.22 -18 -14 -14 -8.68 -16
Net Cash From Investing Activities		 -8.74 -9.45 -11 -8.79 -68 -7.42 -8.82 -11 -97 -56 -15
Net Cash From Continuing Investing Activities		 -8.74 -9.45 -11 -8.79 -68 -7.42 -8.82 -11 -97 -56 -15
Purchase of Property, Plant & Equipment		 -8.74 -9.45 -11 -8.79 -12 -6.89 -8.15 -11 -8.24 -8.55 -12
Acquisitions		 0.00 0.00 - - -56 -0.53 -0.67 - -89 -47 -3.81
Net Cash From Financing Activities		 -7.25 -5.18 -6.77 238 -28 -29 -32 -27 -32 -26 -33
Net Cash From Continuing Financing Activities		 -7.25 -5.18 -6.77 238 -28 -29 -32 -27 -32 -26 -33
Repurchase of Common Equity		 -1.96 -3.44 -4.92 -3.89 -30 -26 -32 -28 -35 -26 -30
Payment of Dividends		 -6.80 -2.17 -4.78 -0.08 - -3.67 -2.67 - - -0.24 -8.14
Issuance of Common Equity		 1.49 0.00 1.53 229 1.51 0.00 1.90 - 2.34 0.00 2.46
Other Financing Activities, net		 0.02 0.43 1.41 1.14 0.19 0.12 0.84 0.78 0.50 0.30 2.61
Effect of Exchange Rate Changes		 -0.04 -0.11 0.03 0.12 0.18 0.29 -0.34 -0.16 -0.05 0.50 0.34
Cash Interest Paid		 2.80 2.72 2.30 2.48 -0.14 1.45 -0.04 -0.39 -0.12 0.49 0.69
Cash Income Taxes Paid		 0.63 0.39 0.25 0.54 0.71 0.38 1.08 0.57 1.03 1.43 3.85

Annual Balance Sheets for Zeta Global

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

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 286 397 467 551 1,111 1,504
Total Current Assets		 141 196 236 310 617 686
Cash & Equivalents		 51 104 121 132 366 320
Accounts Receivable		 79 84 106 170 235 322
Prepaid Expenses		 3.90 6.97 7.15 6.27 13 29
Other Current Assets		 7.37 1.65 1.87 1.62 1.81 15
Plant, Property, & Equipment, net		 6.12 5.63 5.98 7.45 8.86 15
Total Noncurrent Assets		 139 196 224 234 486 802
Goodwill		 76 115 133 141 326 528
Intangible Assets		 61 79 81 81 144 249
Noncurrent Deferred & Refundable Income Taxes		 0.37 0.96 0.75 0.73 0.62 1.21
Other Noncurrent Operating Assets		 0.52 1.11 9.19 11 15 24
Total Liabilities & Shareholders' Equity		 286 397 467 551 1,111 1,504
Total Liabilities		 371 307 338 370 435 699
Total Current Liabilities		 104 106 129 176 199 429
Accounts Payable		 41 22 34 64 44 40
Accrued Expenses		 45 64 72 85 121 179
Current Deferred Revenue		 4.05 6.87 2.23 3.30 10 35
Other Current Liabilities		 14 13 20 24 24 175
Total Noncurrent Liabilities		 267 201 210 194 235 269
Long-Term Debt		 190 184 184 184 196 197
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - 0.00 17
Other Noncurrent Operating Liabilities		 78 17 26 9.66 39 55
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -239 90 128 181 677 805
Total Preferred & Common Equity		 -239 90 128 181 677 805
Total Common Equity		 -239 90 128 181 677 805
Common Stock		 5.07 584 901 1,141 1,707 1,864
Retained Earnings		 -242 -492 -771 -959 -1,028 -1,060
Accumulated Other Comprehensive Income / (Loss)		 -2.04 -2.10 -2.05 -2.01 -2.01 0.47

Quarterly Balance Sheets for Zeta Global

This table presents Zeta Global's 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		 470 491 511 550 584 869 1,088 1,100 1,151 1,447 1,468
Total Current Assets		 226 247 270 311 348 634 602 630 689 649 678
Cash & Equivalents		 108 117 121 142 155 419 364 365 385 289 310
Accounts Receivable		 109 122 140 161 183 204 224 251 272 322 327
Prepaid Expenses		 6.61 5.39 6.49 7.39 8.60 9.70 11 11 28 32 28
Other Current Assets		 2.23 2.06 1.84 1.28 1.46 1.70 2.54 2.53 3.12 6.62 12
Plant, Property, & Equipment, net		 5.99 6.67 7.46 8.12 7.53 7.38 8.95 11 12 15 18
Total Noncurrent Assets		 238 238 234 231 229 228 477 459 449 783 772
Goodwill		 141 141 141 141 141 141 326 318 317 522 525
Intangible Assets		 86 87 83 78 75 72 134 125 117 236 220
Noncurrent Deferred & Refundable Income Taxes		 0.76 0.77 0.84 0.75 0.79 0.84 0.84 0.96 1.15 1.24 1.13
Other Noncurrent Operating Assets		 9.85 9.80 9.35 12 12 14 16 15 14 24 26
Total Liabilities & Shareholders' Equity		 470 491 511 550 584 869 1,088 1,100 1,151 1,447 1,468
Total Liabilities		 340 354 362 359 367 394 411 427 462 567 541
Total Current Liabilities		 130 147 163 164 176 191 181 194 229 314 285
Accounts Payable		 38 56 59 53 47 58 33 48 29 32 32
Accrued Expenses		 66 64 73 84 108 108 115 116 157 173 165
Current Deferred Revenue		 3.71 3.38 2.33 4.46 3.68 3.59 6.02 3.86 4.03 37 34
Other Current Liabilities		 22 24 28 23 18 21 27 26 39 72 53
Total Noncurrent Liabilities		 210 207 199 194 191 203 230 233 233 253 257
Long-Term Debt		 184 184 184 184 184 196 196 197 197 197 197
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - - - 18 17
Other Noncurrent Operating Liabilities		 26 23 15 10 6.52 7.21 34 36 36 38 42
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 130 137 150 192 217 475 677 673 689 880 926
Total Preferred & Common Equity		 130 137 150 192 217 475 677 673 689 880 926
Total Common Equity		 130 137 150 192 217 475 677 673 689 880 926
Common Stock		 960 1,019 1,075 1,192 1,245 1,520 1,729 1,738 1,758 1,959 1,998
Retained Earnings		 -828 -880 -923 -998 -1,026 -1,044 -1,050 -1,063 -1,066 -1,073 -1,065
Accumulated Other Comprehensive Income / (Loss)		 -1.90 -1.84 -2.12 -2.06 -2.01 -1.86 -2.03 -2.10 -2.21 -5.41 -6.36

Annual Metrics And Ratios for Zeta Global

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 0.00% 20.28% 24.51% 28.94% 23.31% 38.02% 29.72%
EBITDA Growth		 0.00% -67.56% -5,267.75% -6.78% 43.87% 90.50% 432.82%
EBIT Growth		 0.00% -64.12% -602.95% -7.90% 35.81% 61.30% 51.83%
NOPAT Growth		 0.00% 53.93% -2,976.25% -4.28% 35.27% 59.50% 107.91%
Net Income Growth		 0.00% -38.37% -368.88% -11.89% 32.86% 62.79% 54.84%
EPS Growth		 0.00% -25.99% -32.29% 31.86% 40.30% 68.33% 63.16%
Operating Cash Flow Growth		 0.00% 16.14% 24.63% 77.20% 15.34% 47.88% 48.59%
Free Cash Flow Firm Growth		 0.00% 0.00% -386.77% 30.40% 21.05% -101.66% 46.75%
Invested Capital Growth		 0.00% 0.00% 215.51% 12.12% 22.04% 117.63% 34.52%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 7.32% 5.07% 11.58% 6.53%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 4.29% 12.71% 79.11% -10.45%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 3.63% 8.85% 37.88% -29.95%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 4.93% 8.64% 36.35% 196.90%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 3.25% 8.08% 42.00% -38.12%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -54.62% 10.45% 44.93% -75.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 4.80% 2.84% 4.46% 14.27% 11.46%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 2.38% -181.85% 32.16%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 7.13% 9.35% 100.83% 36.13%
Profitability Metrics		 - - - - - - -
Gross Margin		 63.93% 59.56% 61.88% 63.54% 62.33% 60.27% 60.63%
EBITDA Margin		 4.04% 1.09% -45.27% -37.49% -17.06% -1.17% 3.01%
Operating Margin		 -5.73% -2.19% -54.20% -43.83% -23.01% -6.75% 0.41%
EBIT Margin		 -7.18% -9.79% -55.29% -46.27% -24.08% -6.75% -2.51%
Profit (Net Income) Margin		 -12.57% -14.46% -54.45% -47.25% -25.73% -6.94% -2.42%
Tax Burden Percent		 102.69% 101.76% 99.76% 99.47% 100.56% 93.09% 95.23%
Interest Burden Percent		 170.53% 145.10% 98.72% 102.67% 106.23% 110.35% 101.13%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -20.95% -155.12% -100.42% -55.39% -12.85% 0.63%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -89.42% -224.32% -237.76% -177.04% 25.00% 24.74%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 146.17% -8,956.35% -155.15% -66.13% -3.43% -4.89%
Return on Equity (ROE)		 0.00% 125.22% -9,111.46% -255.58% -121.52% -16.28% -4.25%
Cash Return on Invested Capital (CROIC)		 0.00% -220.95% -258.85% -111.85% -75.24% -86.92% -28.80%
Operating Return on Assets (OROA)		 0.00% -12.59% -74.14% -63.31% -34.51% -8.17% -2.50%
Return on Assets (ROA)		 0.00% -18.59% -73.02% -64.66% -36.86% -8.40% -2.41%
Return on Common Equity (ROCE)		 0.00% 352.37% 247,383.40% -255.58% -121.52% -16.28% -4.25%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 22.25% -275.80% -218.10% -103.86% -10.31% 0.00%
Net Operating Profit after Tax (NOPAT)		 -12 -5.65 -174 -181 -117 -48 3.76
NOPAT Margin		 -4.01% -1.54% -37.94% -30.68% -16.11% -4.73% 0.29%
Net Nonoperating Expense Percent (NNEP)		 0.00% 68.47% 69.20% 137.33% 121.64% -37.85% -24.11%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -58.12% -32.19% -5.45% 0.38%
Cost of Revenue to Revenue		 36.07% 40.44% 38.12% 36.46% 37.67% 39.73% 39.37%
SG&A Expenses to Revenue		 23.96% 19.25% 41.37% 36.15% 28.19% 20.34% 17.86%
R&D to Revenue		 9.37% 8.63% 14.07% 11.75% 10.14% 9.02% 8.98%
Operating Expenses to Revenue		 69.66% 61.75% 116.02% 107.37% 85.34% 67.01% 60.22%
Earnings before Interest and Taxes (EBIT)		 -22 -36 -253 -273 -176 -68 -33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 4.02 -207 -222 -124 -12 39
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 18.37 13.19 10.47 6.31 12.17
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 20.67 359.47
Price to Revenue (P/Rev)		 0.70 0.58 3.63 2.86 2.59 4.25 7.51
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 9.42 10.23 9.17 8.34 8.09 14.18
Enterprise Value to Revenue (EV/Rev)		 0.00 1.38 3.80 2.96 2.67 4.08 7.41
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 126.57 0.00 0.00 0.00 0.00 245.89
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 2,571.33
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 14.30 39.34 22.31 21.46 30.64 48.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 -2.23 2.03 1.44 1.02 0.29 0.24
Long-Term Debt to Equity		 0.00 -2.23 2.03 1.44 1.02 0.29 0.24
Financial Leverage		 0.00 -1.63 39.93 0.65 0.37 -0.14 -0.20
Leverage Ratio		 0.00 -3.37 124.78 3.95 3.30 1.94 1.77
Compound Leverage Factor		 0.00 -4.89 123.18 4.06 3.50 2.14 1.79
Debt to Total Capital		 0.00% 181.21% 66.99% 58.96% 50.50% 22.48% 19.68%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 181.21% 66.99% 58.96% 50.50% 22.48% 19.68%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 147.31% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -228.52% 33.01% 41.04% 49.50% 77.52% 80.32%
Debt to EBITDA		 0.00 47.25 -0.88 -0.83 -1.48 -16.61 5.01
Net Debt to EBITDA		 0.00 34.61 -0.38 -0.28 -0.42 14.38 -3.12
Long-Term Debt to EBITDA		 0.00 47.25 -0.88 -0.83 -1.48 -16.61 5.01
Debt to NOPAT		 0.00 -33.56 -1.06 -1.01 -1.57 -4.13 52.41
Net Debt to NOPAT		 0.00 -24.59 -0.46 -0.35 -0.45 3.57 -32.62
Long-Term Debt to NOPAT		 0.00 -33.56 -1.06 -1.01 -1.57 -4.13 52.41
Altman Z-Score		 0.00 0.19 0.84 0.29 1.19 5.76 8.42
Noncontrolling Interest Sharing Ratio		 0.00% -181.40% 2,815.08% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 1.36 1.85 1.84 1.76 3.09 1.60
Quick Ratio		 0.00 1.25 1.77 1.77 1.71 3.02 1.50
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -60 -290 -202 -159 -322 -171
Operating Cash Flow to CapEx		 134.95% 140.99% 165.54% 200.04% 251.66% 320.49% 586.59%
Free Cash Flow to Firm to Interest Expense		 0.00 -3.67 0.00 -27.65 -14.58 -44.99 -461.50
Operating Cash Flow to Interest Expense		 1.98 2.19 0.00 10.75 8.28 18.73 536.12
Operating Cash Flow Less CapEx to Interest Expense		 0.51 0.64 0.00 5.37 4.99 12.89 444.73
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 1.29 1.34 1.37 1.43 1.21 1.00
Accounts Receivable Turnover		 0.00 4.64 5.63 6.22 5.27 4.96 4.68
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 60.18 78.03 101.79 108.50 123.34 107.61
Accounts Payable Turnover		 0.00 3.63 5.57 7.78 5.65 7.45 12.26
Days Sales Outstanding (DSO)		 0.00 78.69 64.88 58.64 69.23 73.55 78.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 100.46 65.48 46.91 64.65 48.98 29.78
Cash Conversion Cycle (CCC)		 0.00 -21.77 -0.60 11.74 4.58 24.57 48.22
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 54 170 191 233 507 682
Invested Capital Turnover		 0.00 13.64 4.09 3.27 3.44 2.72 2.19
Increase / (Decrease) in Invested Capital		 0.00 54 116 21 42 274 175
Enterprise Value (EV)		 0.00 508 1,742 1,751 1,942 4,102 9,669
Market Capitalization		 215 215 1,663 1,688 1,890 4,272 9,792
Book Value per Share		 $0.00 ($7.34) $0.46 $0.62 $0.84 $2.85 $1.67
Tangible Book Value per Share		 $0.00 ($11.57) ($0.52) ($0.42) ($0.19) $0.87 $0.06
Total Capital		 0.00 105 274 312 365 873 1,002
Total Debt		 0.00 190 184 184 184 196 197
Total Long-Term Debt		 0.00 190 184 184 184 196 197
Net Debt		 0.00 139 80 63 52 -170 -123
Capital Expenditures (CapEx)		 23 25 27 39 36 42 34
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -13 -14 -13 1.64 51 -63
Debt-free Net Working Capital (DFNWC)		 0.00 37 90 108 133 417 256
Net Working Capital (NWC)		 0.00 37 90 108 133 417 256
Net Nonoperating Expense (NNE)		 26 48 76 98 70 22 35
Net Nonoperating Obligations (NNO)		 0.00 139 80 63 52 -170 -123
Total Depreciation and Amortization (D&A)		 34 40 46 52 51 56 72
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -3.62% -2.96% -2.26% 0.22% 5.08% -4.86%
Debt-free Net Working Capital to Revenue		 0.00% 10.16% 19.70% 18.23% 18.30% 41.48% 19.65%
Net Working Capital to Revenue		 0.00% 10.16% 19.70% 18.23% 18.30% 41.48% 19.65%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($2.95) ($2.01) ($1.20) ($0.38) ($0.14)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 86.93M 138.99M 156.70M 185.98M 220.72M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($2.95) ($2.01) ($1.20) ($0.38) ($0.14)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 86.93M 138.99M 156.70M 185.98M 220.72M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 199.20M 207.42M 218.42M 475.44M 488.25M
Normalized Net Operating Profit after Tax (NOPAT)		 -7.16 -0.41 -172 -181 -115 -42 20
Normalized NOPAT Margin		 -2.34% -0.11% -37.53% -30.64% -15.81% -4.15% 1.55%
Pre Tax Income Margin		 -12.24% -14.21% -54.58% -47.50% -25.59% -7.45% -2.54%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 -1.42 -2.22 0.00 -37.44 -16.04 -9.50 -88.18
NOPAT to Interest Expense		 -0.79 -0.35 0.00 -24.83 -10.73 -6.65 10.14
EBIT Less CapEx to Interest Expense		 -2.88 -3.77 0.00 -42.81 -19.33 -15.35 -179.58
NOPAT Less CapEx to Interest Expense		 -2.26 -1.90 0.00 -30.20 -14.02 -12.50 -81.26
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 -4.61% -1.35% -3.95% -2.13% -8.27% -10.08% -20.10%
Augmented Payout Ratio		 -4.61% -1.35% -29.78% -5.57% -15.44% -70.54% -404.01%

Quarterly Metrics And Ratios for Zeta Global

This table displays calculated financial ratios and metrics derived from Zeta Global's 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		 - - - - - - - - - 488,247,200.00 498,515,242.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 488,247,200.00 498,515,242.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.03 0.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 20.09% 23.70% 32.61% 41.97% 49.62% 35.64% 35.38% 25.67% 25.41% 49.88% 43.55%
EBITDA Growth		 48.74% 46.32% 66.93% 89.99% 234.86% 91.50% 149.33% 638.52% -17.86% 536.84% 427.26%
EBIT Growth		 34.37% 32.71% 48.99% 61.54% 127.29% 46.30% 54.21% 80.47% -84.92% 23.25% 175.93%
NOPAT Growth		 33.23% 31.60% 42.48% 66.69% 152.67% 55.08% 80.80% 170.70% 672.74% -16.92% 596.25%
Net Income Growth		 31.83% 30.53% 46.19% 59.67% 143.18% 45.41% 54.34% 79.08% -57.08% 38.67% 163.78%
EPS Growth		 40.00% 39.47% 52.94% 66.67% 147.62% 56.52% 62.50% 77.78% -60.00% 40.00% 150.00%
Operating Cash Flow Growth		 16.73% 22.69% 50.81% 50.70% 62.02% 41.08% 35.16% 68.36% 46.82% 42.92% 64.52%
Free Cash Flow Firm Growth		 -19.13% 8.82% -7.79% 21.05% -307.45% -435.73% -328.16% -404.32% 67.89% -2.65% -11.53%
Invested Capital Growth		 22.04% 13.71% 20.80% 18.49% 117.63% 117.20% 104.56% 98.44% 34.52% 55.07% 61.31%
Revenue Q/Q Growth		 11.29% -7.31% 16.87% 17.76% 17.29% -15.97% 16.65% 9.31% 17.04% 0.42% 11.72%
EBITDA Q/Q Growth		 27.77% -19.73% 47.13% 78.10% 1,072.92% -107.55% 406.86% 139.06% 48.39% -59.87% 270.38%
EBIT Q/Q Growth		 17.83% -12.30% 31.54% 39.13% 158.31% -321.00% 41.63% 74.04% 145.02% -1,224.94% 157.74%
NOPAT Q/Q Growth		 14.28% -12.60% 25.90% 53.43% 235.56% -196.02% 68.32% 271.44% 1,381.66% -114.53% 234.47%
Net Income Q/Q Growth		 18.11% -12.15% 29.07% 38.09% 187.69% -241.77% 40.68% 71.64% 279.94% -302.58% 161.70%
EPS Q/Q Growth		 22.22% -9.52% 30.43% 43.75% 211.11% -200.00% 40.00% 66.67% 300.00% -250.00% 150.00%
Operating Cash Flow Q/Q Growth		 18.11% -8.52% 26.13% 10.58% 26.98% -20.34% 20.83% 37.74% 10.73% -22.45% 39.10%
Free Cash Flow Firm Q/Q Growth		 -5.74% 17.13% -14.50% 21.32% -445.70% -8.97% 8.49% 7.32% 65.26% -248.36% 0.57%
Invested Capital Q/Q Growth		 9.35% 0.54% 5.33% 2.32% 100.83% 0.35% -0.80% -0.74% 36.13% 15.68% 3.19%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 59.77% 60.57% 60.02% 60.62% 59.98% 60.86% 62.07% 60.49% 59.49% 59.01% 59.12%
EBITDA Margin		 -9.06% -11.70% -5.29% -0.98% 8.16% -0.73% 1.93% 4.22% 5.35% 2.14% 7.08%
Operating Margin		 -15.15% -18.40% -11.67% -4.61% 2.20% -6.09% -1.66% 2.60% 4.52% -4.75% 3.82%
EBIT Margin		 -15.47% -18.75% -10.98% -5.68% 2.82% -7.42% -3.71% -0.88% 0.34% -3.80% 1.96%
Profit (Net Income) Margin		 -16.77% -20.30% -12.32% -6.48% 4.84% -8.17% -4.15% -1.08% 1.66% -3.34% 1.85%
Tax Burden Percent		 99.83% 101.01% 101.76% 101.16% 169.70% 108.24% 110.26% 130.06% 508.87% 83.71% 104.78%
Interest Burden Percent		 108.60% 107.18% 110.23% 112.77% 101.10% 101.69% 101.45% 93.95% 95.97% 105.05% 89.68%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% -69.70% 0.00% 0.00% 0.00% -408.87% 0.00% -4.78%
Return on Invested Capital (ROIC)		 -36.46% -44.84% -29.78% -12.51% 10.15% -12.35% -3.56% 5.91% 50.49% -7.37% 9.54%
ROIC Less NNEP Spread (ROIC-NNEP)		 -58.99% -69.20% -49.38% -1.57% 4.21% 4.12% 9.73% 10.66% 108.07% -7.32% 16.34%
Return on Net Nonoperating Assets (RNNOA)		 -22.03% -25.54% -13.45% 0.40% -0.58% -0.60% -1.52% -3.76% -21.34% 1.22% -2.87%
Return on Equity (ROE)		 -58.50% -70.37% -43.23% -12.11% 9.57% -12.94% -5.08% 2.15% 29.14% -6.15% 6.67%
Cash Return on Invested Capital (CROIC)		 -75.24% -60.89% -59.66% -49.02% -86.92% -82.97% -73.63% -67.00% -28.80% -42.90% -44.31%
Operating Return on Assets (OROA)		 -22.17% -28.15% -16.79% -7.41% 3.42% -9.74% -5.10% -1.07% 0.34% -4.31% 2.40%
Return on Assets (ROA)		 -24.03% -30.48% -18.84% -8.46% 5.86% -10.73% -5.70% -1.31% 1.65% -3.79% 2.26%
Return on Common Equity (ROCE)		 -58.50% -70.37% -43.23% -12.11% 9.57% -12.94% -5.08% 2.15% 29.14% -6.15% 6.67%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -88.77% -67.27% -25.33% 0.00% -7.66% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -22 -25 -19 -8.67 12 -11 -3.57 6.13 91 -13 18
NOPAT Margin		 -10.60% -12.88% -8.17% -3.23% 3.73% -4.27% -1.16% 1.82% 23.00% -3.33% 4.01%
Net Nonoperating Expense Percent (NNEP)		 22.52% 24.37% 19.60% -10.94% 5.94% -16.47% -13.30% -4.75% -57.59% -0.05% -6.80%
Return On Investment Capital (ROIC_SIMPLE)		 -6.12% - - - 1.35% -1.29% -0.41% 0.69% 9.06% -1.22% 1.58%
Cost of Revenue to Revenue		 40.23% 39.43% 39.98% 39.38% 40.02% 39.14% 37.93% 39.51% 40.51% 40.99% 40.88%
SG&A Expenses to Revenue		 24.44% 25.04% 22.45% 18.82% 17.20% 20.44% 20.16% 16.73% 15.31% 18.52% 17.15%
R&D to Revenue		 9.48% 10.25% 10.36% 8.50% 7.71% 10.14% 9.92% 8.84% 7.59% 11.34% 9.54%
Operating Expenses to Revenue		 74.92% 78.97% 71.69% 65.23% 57.74% 66.96% 63.73% 57.89% 54.97% 63.76% 55.30%
Earnings before Interest and Taxes (EBIT)		 -33 -37 -25 -15 8.88 -20 -11 -2.97 1.34 -15 8.70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -19 -23 -12 -2.64 26 -1.94 5.95 14 21 8.47 31
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 10.47 12.22 17.79 13.82 6.31 9.53 10.84 13.58 12.17 8.83 5.29
Price to Tangible Book Value (P/TBV)		 0.00 0.00 2,820.78 25.09 20.67 29.77 31.65 36.67 359.47 63.46 26.98
Price to Revenue (P/Rev)		 2.59 3.06 4.70 7.28 4.25 6.00 6.31 7.64 7.51 5.41 3.12
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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		 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 Invested Capital (EV/IC)		 8.34 10.18 15.77 25.11 8.09 12.34 14.13 18.31 14.18 9.74 5.89
Enterprise Value to Revenue (EV/Rev)		 2.67 3.11 4.73 7.03 4.08 5.84 6.17 7.49 7.41 5.35 3.05
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 693.75 263.49 208.88 245.89 154.47 63.79
Enterprise Value to EBIT (EV/EBIT)		 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 NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,571.33 4,147.18 277.49
Enterprise Value to Operating Cash Flow (EV/OCF)		 21.46 25.08 36.86 54.11 30.64 43.61 46.01 51.40 48.61 35.92 19.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.02 0.96 0.85 0.41 0.29 0.29 0.29 0.29 0.24 0.22 0.21
Long-Term Debt to Equity		 1.02 0.96 0.85 0.41 0.29 0.29 0.29 0.29 0.24 0.22 0.21
Financial Leverage		 0.37 0.37 0.27 -0.25 -0.14 -0.14 -0.16 -0.35 -0.20 -0.17 -0.18
Leverage Ratio		 3.30 3.17 3.03 2.21 1.94 1.89 1.89 1.74 1.77 1.63 1.61
Compound Leverage Factor		 3.58 3.40 3.34 2.49 1.96 1.92 1.92 1.63 1.69 1.71 1.44
Debt to Total Capital		 50.50% 49.02% 45.93% 29.23% 22.48% 22.50% 22.61% 22.22% 19.68% 18.31% 17.57%
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		 50.50% 49.02% 45.93% 29.23% 22.48% 22.50% 22.61% 22.22% 19.68% 18.31% 17.57%
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		 49.50% 50.98% 54.07% 70.77% 77.52% 77.50% 77.39% 77.78% 80.32% 81.69% 82.43%
Debt to EBITDA		 -1.48 -1.76 -2.30 -3.47 -16.61 21.71 7.27 4.48 5.01 3.97 2.63
Net Debt to EBITDA		 -0.42 -0.41 -0.37 3.93 14.38 -18.55 -6.23 -4.29 -3.12 -1.84 -1.50
Long-Term Debt to EBITDA		 -1.48 -1.76 -2.30 -3.47 -16.61 21.71 7.27 4.48 5.01 3.97 2.63
Debt to NOPAT		 -1.57 -1.74 -2.00 -2.63 -4.13 -5.83 -10.53 -50.73 52.41 106.51 11.43
Net Debt to NOPAT		 -0.45 -0.40 -0.32 2.98 3.57 4.98 9.03 48.52 -32.62 -49.40 -6.51
Long-Term Debt to NOPAT		 -1.57 -1.74 -2.00 -2.63 -4.13 -5.83 -10.53 -50.73 52.41 106.51 11.43
Altman Z-Score		 2.05 2.87 5.48 9.90 5.98 9.45 10.40 12.41 8.49 8.43 5.83
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		 1.76 1.89 1.98 3.32 3.09 3.33 3.25 3.01 1.60 2.07 2.38
Quick Ratio		 1.71 1.84 1.92 3.26 3.02 3.25 3.18 2.87 1.50 1.94 2.24
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -64 -53 -61 -48 -262 -286 -262 -242 -84 -293 -292
Operating Cash Flow to CapEx		 308.49% 260.91% 274.75% 391.33% 358.09% 504.99% 516.13% 544.76% 778.53% 581.41% 598.91%
Free Cash Flow to Firm to Interest Expense		 -22.99 -20.32 -23.86 -24.71 -15,426.48 -863.34 -1,575.35 0.00 -1,559.32 -385.45 -324.79
Operating Cash Flow to Interest Expense		 9.63 9.40 12.15 17.69 2,569.59 105.13 253.31 0.00 1,187.69 65.35 77.04
Operating Cash Flow Less CapEx to Interest Expense		 6.51 5.80 7.73 13.17 1,852.00 84.31 204.23 0.00 1,035.13 54.11 64.17
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.43 1.50 1.53 1.31 1.21 1.31 1.37 1.21 1.00 1.13 1.22
Accounts Receivable Turnover		 5.27 5.67 5.39 5.24 4.96 5.60 5.33 5.15 4.68 5.27 5.43
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		 108.50 108.61 115.77 121.49 123.34 126.00 126.09 123.41 107.61 121.65 107.23
Accounts Payable Turnover		 5.65 6.47 6.36 6.09 7.45 9.92 9.56 10.96 12.26 17.70 15.84
Days Sales Outstanding (DSO)		 69.23 64.32 67.67 69.67 73.55 65.24 68.50 70.93 78.00 69.29 67.17
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)		 64.65 56.44 57.35 59.94 48.98 36.78 38.18 33.32 29.78 20.62 23.05
Cash Conversion Cycle (CCC)		 4.58 7.89 10.32 9.73 24.57 28.45 30.32 37.61 48.22 48.67 44.12
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 233 234 247 252 507 509 505 501 682 789 814
Invested Capital Turnover		 3.44 3.48 3.65 3.87 2.72 2.89 3.08 3.25 2.19 2.21 2.38
Increase / (Decrease) in Invested Capital		 42 28 42 39 274 274 258 248 175 280 309
Enterprise Value (EV)		 1,942 2,385 3,891 6,339 4,102 6,279 7,129 9,172 9,669 7,681 4,793
Market Capitalization		 1,890 2,342 3,862 6,561 4,272 6,447 7,297 9,361 9,792 7,773 4,905
Book Value per Share		 $0.84 $1.12 $0.99 $2.16 $2.85 $1.42 $1.43 $3.10 $1.67 $1.80 $1.86
Tangible Book Value per Share		 ($0.19) ($0.16) $0.01 $1.19 $0.87 $0.46 $0.49 $1.15 $0.06 $0.25 $0.36
Total Capital		 365 376 401 671 873 873 870 886 1,002 1,078 1,124
Total Debt		 184 184 184 196 196 196 197 197 197 197 197
Total Long-Term Debt		 184 184 184 196 196 196 197 197 197 197 197
Net Debt		 52 43 30 -222 -170 -168 -169 -188 -123 -91 -112
Capital Expenditures (CapEx)		 8.74 9.45 11 8.79 12 6.89 8.15 11 8.24 8.55 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1.64 4.84 17 24 51 57 71 75 -63 46 83
Debt-free Net Working Capital (DFNWC)		 133 146 172 443 417 421 436 460 256 335 393
Net Working Capital (NWC)		 133 146 172 443 417 421 436 460 256 335 393
Net Nonoperating Expense (NNE)		 13 14 9.46 8.71 -3.49 10 9.24 9.76 84 0.06 9.56
Net Nonoperating Obligations (NNO)		 52 43 30 -222 -170 -168 -169 -188 -123 -91 -112
Total Depreciation and Amortization (D&A)		 13 14 13 13 17 18 17 17 20 24 23
Debt-free, Cash-free Net Working Capital to Revenue		 0.22% 0.63% 2.06% 2.68% 5.08% 5.26% 6.15% 6.13% -4.86% 3.22% 5.30%
Debt-free Net Working Capital to Revenue		 18.30% 19.12% 20.88% 49.12% 41.48% 39.16% 37.75% 37.58% 19.65% 23.33% 25.03%
Net Working Capital to Revenue		 18.30% 19.12% 20.88% 49.12% 41.48% 39.16% 37.75% 37.58% 19.65% 23.33% 25.03%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.21) ($0.23) ($0.16) ($0.09) $0.10 ($0.10) ($0.06) ($0.02) $0.04 ($0.06) $0.03
Adjusted Weighted Average Basic Shares Outstanding		 156.70M 171.23M 177.87M 187.91M 185.98M 212.56M 217.25M 222.44M 220.72M 238.55M 245.34M
Adjusted Diluted Earnings per Share		 ($0.21) ($0.23) ($0.16) ($0.09) $0.10 ($0.10) ($0.06) ($0.02) $0.04 ($0.06) $0.03
Adjusted Weighted Average Diluted Shares Outstanding		 156.70M 171.23M 177.87M 187.91M 185.98M 212.56M 217.25M 222.44M 220.72M 238.55M 256.58M
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		 218.42M 218.79M 219.95M 237.45M 475.44M 471.09M 0.00 481.17M 488.25M 498.52M 502.03M
Normalized Net Operating Profit after Tax (NOPAT)		 -22 -25 -19 -5.46 7.40 -9.07 -3.57 11 22 -7.29 12
Normalized NOPAT Margin		 -10.60% -12.88% -8.17% -2.03% 2.35% -3.43% -1.16% 3.16% 5.61% -1.84% 2.68%
Pre Tax Income Margin		 -16.80% -20.09% -12.11% -6.40% 2.85% -7.55% -3.77% -0.83% 0.33% -3.99% 1.76%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -11.62 -13.92 -9.77 -7.83 522.35 -59.29 -69.01 0.00 24.80 -19.79 9.69
NOPAT to Interest Expense		 -7.96 -9.57 -7.27 -4.46 690.99 -34.08 -21.53 0.00 1,680.97 -17.33 19.75
EBIT Less CapEx to Interest Expense		 -14.74 -17.52 -14.20 -12.35 -195.24 -80.11 -118.09 0.00 -127.76 -31.03 -3.18
NOPAT Less CapEx to Interest Expense		 -11.09 -13.17 -11.69 -8.98 -26.59 -54.89 -70.61 0.00 1,528.42 -28.57 6.88
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -8.27% -9.82% -13.68% -11.50% -10.08% -16.46% -17.54% -27.76% -20.10% -12.55% -386.45%
Augmented Payout Ratio		 -15.44% -15.91% -23.18% -23.31% -70.54% -141.20% -268.56% -535.81% -404.01% -534.29% -5,857.40%

Financials Breakdown Chart

Key Financial Trends

Zeta Global’s recent results show strong top-line growth and improving profitability, although cash deployment, dilution and acquisition-related balance-sheet risks remain important considerations. The company’s quarterly revenue increased from $152.3 million in Q3 2022 to $442.8 million in Q2 2026. On a year-over-year basis, Q2 2026 revenue rose approximately 43.6% from $308.4 million in Q2 2025, while Q1 2026 revenue increased nearly 50% from the comparable restated quarter.

Profitability has improved substantially from the large net losses reported in 2022 and 2023. Zeta generated $8.2 million of net income in Q2 2026, compared with a $13.2 million loss in Q1 and a $12.8 million loss in Q2 2025. Operating income also turned positive in Q2 2026 at $16.9 million, following an $18.8 million operating loss in Q1 2026. However, the company’s gross margin declined to approximately 59.1% in Q2 2026 from 62.1% in Q2 2025, suggesting that revenue growth is currently outpacing gross-profit expansion.

Cash generation remains a key strength. Operating cash flow was $69.2 million in Q2 2026, up from $49.7 million in Q1 and $42.0 million in Q2 2025. Zeta has produced positive operating cash flow in every quarter provided, even while reporting net losses in several periods. The balance sheet also reflects improved scale, with total assets rising to $1.47 billion and shareholders’ equity reaching $926.5 million at June 30, 2026.

  • Rapid revenue growth: Quarterly revenue climbed from $171.8 million in Q2 2023 to $442.8 million in Q2 2026, with growth of approximately 43.6% year over year in the latest quarter.
  • Return to operating profitability: Q2 2026 operating income was $16.9 million, reversing operating losses of $5.1 million in Q2 2025 and $18.8 million in Q1 2026.
  • Improving bottom-line results: Zeta reported $8.2 million of net income in Q2 2026, its strongest result among the latest reported quarters, compared with recurring losses during much of 2023 through Q1 2026.
  • Consistently positive operating cash flow: Operating cash flow remained positive in every provided quarter and reached $69.2 million in Q2 2026, supporting reinvestment and shareholder returns.
  • Solid short-term liquidity: Cash and equivalents totaled $310.0 million, while current assets of $677.7 million exceeded current liabilities of $284.6 million by a wide margin.
  • Debt has remained relatively stable: Long-term debt was approximately $197.5 million in Q2 2026, only modestly above the roughly $184 million reported in 2022 and early 2023 despite the company’s substantial growth.
  • Working-capital needs are significant: Accounts receivable reached $327.1 million, or roughly 74% of Q2 revenue. Continued growth will require effective collections and working-capital management.
  • Acquisitions have expanded the asset base: Goodwill and intangible assets totaled approximately $744.7 million in Q2 2026, representing about half of total assets. This may support future growth, but also increases exposure to impairment charges if acquired businesses underperform.
  • Gross-margin pressure: The Q2 2026 gross margin was approximately 59.1%, below the 62.1% recorded in Q2 2025 and the 63.9% reported in Q2 2023.
  • Shareholder returns are consuming cash while share counts rise: Zeta repurchased $29.9 million of stock and paid $8.1 million in dividends in Q2 2026, but weighted-average basic shares increased to 245.3 million from 217.3 million in Q2 2025 and 150.0 million in Q1 2023. This indicates that equity issuance and stock-based compensation may be offsetting some buyback benefits.

Overall, the statements indicate a company with compelling growth and a meaningful improvement in operating performance. The most important question for investors is whether Zeta can sustain revenue growth while expanding margins and converting more of its earnings into cash. Investors should also monitor the large goodwill and intangible balances, elevated receivables, ongoing share dilution and the extent to which buybacks and dividends continue to reduce cash balances.

08/30/26 04:02 AM ETAI Generated. May Contain Errors.

Zeta Global Financials - Frequently Asked Questions

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

In the past 6 years, Zeta Global's net income has ranged from -$279.24 million in 2022 to -$31.51 million in 2025, and is currently -$31.51 million as of their latest financial filing in 2025. Check out Zeta Global's forecast to explore projected trends and price targets.

Zeta Global's total operating income in 2025 was $5.37 million, based on the following breakdown:
  • Total Gross Profit: $791.08 million
  • Total Operating Expenses: $785.71 million

Over the last 6 years, Zeta Global's total revenue changed from $306.05 million in 2019 to $1.30 billion in 2025, a change of 326.3%.

Zeta Global's total liabilities were at $698.94 million at the end of 2025, a 60.8% increase from 2024, and a 88.2% increase since 2020.

In the past 5 years, Zeta Global's cash and equivalents has ranged from $50.73 million in 2020 to $366.16 million in 2024, and is currently $319.76 million as of their latest financial filing in 2025.

Over the last 6 years, Zeta Global's book value per share changed from 0.00 in 2019 to 1.67 in 2025, a change of 167.2%.


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Financial statements for NYSE:ZETA last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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