ZILLOW GROUP, INC. financials
Source: EDGAR filings · Built 2026-06-02T04:27:21Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 235.00M | 285.00M | 219.00M | 4.39B | -3.25B | 338.00M |
| EBITDA | 230.00M | 43.00M | -83.00M | 64.00M | 369.00M | 220.00M |
| Working Capital | 1.44B | 1.50B | 2.18B | 3.33B | 3.80B | 4.06B |
| Net Debt | -675.00M | -422.00M | 340.00M | 401.00M | -711.53M | 816.63M |
| Gross Margin | 74.14% | 76.43% | 78.35% | 81.26% | 84.85% | 84.30% |
| Operating Margin | -1.32% | -8.81% | -13.88% | -4.75% | 11.21% | 6.71% |
| Net Margin | 0.89% | -5.01% | -8.12% | -5.16% | -24.77% | -9.98% |
| Return on Equity (ROE) | 0.47% | -2.31% | -3.49% | -2.25% | -9.89% | -3.42% |
| Return on Assets (ROA) | 0.40% | -1.92% | -2.38% | -1.54% | -4.94% | -2.16% |
| Current Ratio | 3.13× | 2.81× | 3.24× | 13.34× | 1.98× | 5.46× |
| Debt-to-Equity | 0.02× | 0.14× | 0.40× | 0.42× | 0.30× | 0.53× |
| Effective Tax Rate | 8.00% | -4.67% | -2.60% | -3.53% | -0.99% | 266.67% |
| Cash Conversion Ratio | 16.00× | -3.82× | -2.24× | -44.59× | 6.02× | -2.61× |
| Accruals Ratio | -0.06× | -0.09× | -0.08× | -0.70× | 0.25× | -0.08× |
| SBC % of Revenue | 15.10% | 20.04% | 23.19% | 23.03% | 14.63% | 12.13% |
| CapEx Coverage | 2.77× | 2.99× | 2.62× | 39.17× | -42.93× | 4.98× |
| Free Cash Flow Per Share | $0.92 | $1.22 | $0.94 | $18.12 | $-12.42 | $1.46 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 758.00× | — | — | — | — | — |
| P/FCF | 73.77× | 60.82× | 61.71× | 1.78× | — | 88.87× |
| FCF Yield | 1.36% | 1.64% | 1.62% | 56.27% | — | 1.13% |
| EV / EBITDA | 72.44× | 393.29× | — | 128.14× | 43.38× | 140.26× |
| P/S | 6.71× | 7.75× | 6.95× | 3.98× | 7.84× | 18.50× |
| P/B | 3.55× | 3.58× | 2.99× | 1.74× | 3.13× | 6.33× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.58B | 2.24B | 1.95B | 1.96B | 2.13B | 1.62B |
| Cost of Revenue | 668.00M | 527.00M | 421.00M | 367.00M | 323.00M | 255.00M |
| Gross Profit | 1.92B | 1.71B | 1.52B | 1.59B | 1.81B | 1.37B |
| Research and Development Expense | 607.00M | 585.00M | 560.00M | 498.00M | 421.00M | 324.00M |
| Operating Income (Loss) | -34.00M | -197.00M | -270.00M | -93.00M | 239.00M | 109.00M |
| Income Tax Expense (Benefit) | 2.00M | 5.00M | 4.00M | 3.00M | -1.00M | -8.00M |
| Net Income (Loss) Attributable to Parent | 23.00M | -112.00M | -158.00M | -101.00M | -528.00M | -162.00M |
| Earnings Per Share, Basic | $0.09 | $-0.48 | $-0.68 | $-0.42 | $-2.11 | $-0.72 |
| Weighted Average Number of Shares Outstanding, Basic | 241.93M | 234.08M | 233.57M | 242.16M | 249.94M | 223.85M |
| Earnings Per Share, Diluted | $0.09 | $-0.48 | $-0.68 | $-0.42 | $-2.02 | $-0.70 |
| Weighted Average Number of Shares Outstanding, Diluted | 254.12M | 234.08M | 233.57M | 242.16M | 261.83M | 231.44M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 768.00M | 1.08B | 1.49B | 1.47B | 2.31B | 1.70B |
| Assets, Current | 2.12B | 2.33B | 3.15B | 3.60B | 7.68B | 4.96B |
| Assets | 5.68B | 5.83B | 6.65B | 6.56B | 10.70B | 7.49B |
| Liabilities, Current | 679.00M | 831.00M | 971.00M | 270.00M | 3.88B | 908.64M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | 1.32B | 1.61B |
| Liabilities | 801.00M | 981.00M | 2.13B | 2.08B | 5.35B | 2.74B |
| Stockholders' Equity Attributable to Parent | 4.88B | 4.85B | 4.53B | 4.48B | 5.34B | 4.74B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 368.00M | 428.00M | 354.00M | 4.50B | -3.18B | 423.00M |
| Payments to Acquire Property, Plant, and Equipment | 133.00M | 143.00M | 135.00M | 115.00M | 74.00M | 85.00M |
| Net Cash Provided by (Used in) Investing Activities | -6.00M | 395.00M | 25.00M | -1.53B | 1.09B | -1.04B |
| Payments for Repurchase of Common Stock | 670.00M | 301.00M | 424.00M | 947.00M | 302.00M | 0 |
| Net Cash Provided by (Used in) Financing Activities | -674.00M | -1.23B | -352.00M | -4.34B | 3.15B | 1.16B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 166.00M | 44.00M | 191.00M | 118.00M | 68.00M | 88.00M |
| EBITDA | 101.00M | 54.00M | — | — | 56.00M | -7.00M |
| Working Capital | 935.00M | 1.44B | 1.53B | 1.27B | 1.28B | 1.50B |
| Net Debt | -584.00M | -675.00M | -779.00M | -259.00M | -227.00M | -422.00M |
| Gross Margin | 73.31% | 72.78% | 72.63% | 74.66% | 76.76% | 75.81% |
| Operating Margin | 5.08% | -1.68% | -0.44% | -1.68% | -1.50% | -12.45% |
| Net Margin | 6.50% | 0.46% | 1.48% | 0.31% | 1.34% | -9.39% |
| Return on Equity (ROE) | 1.04% | 0.06% | 0.20% | 0.04% | 0.17% | -1.07% |
| Return on Assets (ROA) | 0.88% | 0.05% | 0.18% | 0.04% | 0.14% | -0.89% |
| Current Ratio | 2.29× | 3.13× | 3.63× | 3.34× | 2.46× | 2.81× |
| Debt-to-Equity | 0.02× | 0.02× | 0.02× | 0.07× | 0.14× | 0.14× |
| Effective Tax Rate | 4.17% | 0.00% | 16.67% | 0.00% | 0.00% | -1.96% |
| Cash Conversion Ratio | 4.35× | 24.00× | 29.60× | 95.50× | 13.00× | -2.35× |
| Accruals Ratio | -0.03× | -0.01× | -0.05× | -0.03× | -0.02× | -0.03× |
| SBC % of Revenue | 11.44% | 14.53% | 43.64% | 29.92% | 16.22% | 21.48% |
| CapEx Coverage | 5.88× | 2.57× | 2.82× | 2.62× | 2.89× | 3.59× |
| Free Cash Flow Per Share | $0.69 | $0.17 | $0.75 | $0.47 | $0.27 | $0.38 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 165.52× | 758.00× | — | — | — | — |
| P/S | 3.68× | 6.71× | 7.95× | 7.38× | 7.62× | 7.75× |
| P/B | 2.25× | 3.55× | 3.96× | 3.71× | 3.69× | 3.58× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 708.00M | 654.00M | 676.00M | 655.00M | 598.00M | 554.00M |
| Cost of Revenue | 189.00M | 178.00M | 185.00M | 166.00M | 139.00M | 134.00M |
| Gross Profit | 519.00M | 476.00M | 491.00M | 489.00M | 459.00M | 420.00M |
| Research and Development Expense | 150.00M | 154.00M | 151.00M | 153.00M | 149.00M | 149.00M |
| Operating Income (Loss) | 36.00M | -11.00M | -3.00M | -11.00M | -9.00M | -69.00M |
| Income Tax Expense (Benefit) | 2.00M | 0 | 2.00M | 0 | 0 | 1.00M |
| Net Income (Loss) Attributable to Parent | 46.00M | 3.00M | 10.00M | 2.00M | 8.00M | -52.00M |
| Earnings Per Share, Basic | $0.19 | $0.01 | $0.04 | $0.01 | $0.03 | $-0.22 |
| Weighted Average Number of Shares Outstanding, Basic | 235.68M | 241.93M | 242.33M | 241.08M | 242.26M | 234.08M |
| Earnings Per Share, Diluted | $0.19 | $0.01 | $0.04 | $0.01 | $0.03 | $-0.22 |
| Weighted Average Number of Shares Outstanding, Diluted | 239.64M | 254.12M | 256.24M | 251.66M | 256.19M | 234.08M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 678.00M | 768.00M | 874.00M | 587.00M | 914.00M | 1.08B |
| Assets, Current | 1.66B | 2.12B | 2.12B | 1.82B | 2.15B | 2.33B |
| Assets | 5.23B | 5.68B | 5.70B | 5.42B | 5.75B | 5.83B |
| Liabilities, Current | 724.00M | 679.00M | 584.00M | 546.00M | 875.00M | 831.00M |
| Liabilities | 818.00M | 801.00M | 706.00M | 670.00M | 992.00M | 981.00M |
| Stockholders' Equity Attributable to Parent | 4.41B | 4.88B | 4.99B | 4.75B | 4.75B | 4.85B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 200.00M | 72.00M | 296.00M | 191.00M | 104.00M | 122.00M |
| Payments to Acquire Property, Plant, and Equipment | 34.00M | 28.00M | 105.00M | 73.00M | 36.00M | 34.00M |
| Net Cash Provided by (Used in) Investing Activities | 376.00M | -50.00M | 44.00M | 25.00M | -52.00M | 274.00M |
| Payments for Repurchase of Common Stock | 626.00M | 232.00M | 438.00M | 400.00M | 250.00M | 0 |
| Net Cash Provided by (Used in) Financing Activities | -666.00M | -128.00M | -546.00M | -709.00M | -219.00M | -386.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (Z CIK 0001617640),
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.