ZETA (Zeta Global Holdings Corp.) Stock Financials & Earnings | Market Cap Arena

ZETA (Zeta Global Holdings Corp.) Stock Financials & Earnings | Market Cap Arena

ZETAZeta Global Holdings Corp.

Mkt Cap$5B

Technology·Software - Application·🇺🇸 United States·NYSE

Revenue (TTM)$1.3B

Net Income (TTM)-$32M

EPS (TTM)-$0.15

Free Cash Flow (TTM)$185M

Gross Margin60.6%

Op. Margin0.4%

Net Margin-2.4%

FCF Margin14.2%

P/S Ratio (TTM)3.5x

P/E Ratio (TTM)—

YoY Rev Growth+29.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$158M	$91M	-$52M
Q2 23	$172M	$97M	-$43M
Q3 23	$189M	$102M	-$37M
Q4 23	$210M	$112M	-$32M
Q1 24	$195M	$104M	-$36M
Q2 24	$228M	$124M	-$27M
Q3 24	$268M	$150M	-$8M
Q4 24	$315M	$172M	$11M
Q1 25	$264M	$143M	-$13M
Q2 25	$308M	$174M	-$5M
Q3 25	$337M	$187M	$15M
Q4 25	$395M	$287M	$8M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	7.2x	—
Q2 23	6.9x	—
Q3 23	6.5x	—
Q4 23	6.2x	—
Q1 24	5.9x	—
Q2 24	5.5x	—
Q3 24	5.0x	—
Q4 24	4.5x	—
Q1 25	4.2x	—
Q2 25	3.9x	—
Q3 25	3.7x	—
Q4 25	3.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$20M	$10M
Q2 23	$21M	$13M
Q3 23	$23M	$13M
Q4 23	$27M	$18M
Q1 24	$25M	$15M
Q2 24	$31M	$20M
Q3 24	$34M	$38M
Q4 24	$44M	$31M
Q1 25	$35M	$32M
Q2 25	$42M	$40M
Q3 25	$58M	$52M
Q4 25	$64M	$61M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$10M
Q2 23	$8M
Q3 23	$9M
Q4 23	$9M
Q1 24	$9M
Q2 24	$11M
Q3 24	$3M
Q4 24	$12M
Q1 25	$3M
Q2 25	$2M
Q3 25	$5M
Q4 25	$3M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+24.8%	+8.2%
Q2 23	+25.1%	+0.4%
Q3 23	+24.1%	+3.5%
Q4 23	+20.1%	+8.7%
Q1 24	+23.7%	+10.0%
Q2 24	+32.6%	+18.2%
Q3 24	+42.0%	+22.1%
Q4 24	+49.6%	+25.6%
Q1 25	+35.6%	+20.2%
Q2 25	+35.4%	+23.2%
Q3 25	+25.7%	+16.6%
Q4 25	+25.4%	+27.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$64M	40.9%
Q2 23	$58M	33.5%
Q3 23	$58M	30.5%
Q4 23	$63M	30.0%
Q1 24	$53M	27.0%
Q2 24	$52M	22.9%
Q3 24	$47M	17.6%
Q4 24	$43M	13.7%
Q1 25	$42M	15.9%
Q2 25	$46M	15.1%
Q3 25	$46M	13.5%
Q4 25	$44M	11.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$19M	—	—	$125M
Q2 23	$17M	—	—	$123M
Q3 23	$18M	—	—	$121M
Q4 23	$20M	—	—	$124M
Q1 24	$20M	—	—	$120M
Q2 24	$24M	—	—	$127M
Q3 24	$23M	—	—	$135M
Q4 24	$24M	—	—	$137M
Q1 25	$27M	—	—	$129M
Q2 25	$31M	—	—	$149M
Q3 25	$30M	—	—	$142M
Q4 25	$30M	$60M	$93M	—

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	24.8%	-27.0%	-2.1
Q2 23	25.1%	-21.2%	3.9
Q3 23	24.1%	-14.0%	10.2
Q4 23	20.1%	-9.1%	11.0
Q1 24	23.7%	-11.7%	12.0
Q2 24	32.6%	-5.3%	27.3
Q3 24	42.0%	-1.0%	41.0
Q4 24	49.6%	8.2%	57.8
Q1 25	35.6%	-0.7%	34.9
Q2 25	35.4%	1.9%	37.3
Q3 25	25.7%	4.3%	30.0
Q4 25	25.4%	5.3%	30.8

Revenue Segments

Quarter	Operating Segments
Q3 25	$337M

Revenue by Geography

Quarter	Non-US	United States
Q1 23	$7M	$150M
Q2 23	$8M	$164M
Q3 23	$7M	$182M
Q4 23	$7M	$204M
Q1 24	$7M	$188M
Q2 24	$6M	$222M
Q3 24	$7M	$261M
Q4 24	$12M	$303M
Q1 25	$10M	$255M
Q2 25	$10M	$298M
Q3 25	$12M	$325M
Q4 25	$26M	$368M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$108M	$0	$108M
Q2 23	$117M	$0	$117M
Q3 23	$121M	$0	$121M
Q4 23	$132M	$0	$132M
Q1 24	$142M	$0	$142M
Q2 24	$155M	$0	$155M
Q3 24	$419M	$0	$419M
Q4 24	$366M	$0	$366M
Q1 25	$364M	$0	$364M
Q2 25	$365M	$0	$365M
Q3 25	$385M	$0	$385M
Q4 25	$320M	$0	$320M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	150M	+3.1%
Q2 23	155M	+3.0%
Q3 23	158M	+2.2%
Q4 23	164M	+3.7%
Q1 24	171M	+4.5%
Q2 24	178M	+3.9%
Q3 24	188M	+5.6%
Q4 24	250M	+33.2%
Q1 25	213M	-15.1%
Q2 25	217M	+2.2%
Q3 25	222M	+2.4%
Q4 25	222M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	$320K	1K
FY 22	$368K	2K
FY 23	$409K	2K
FY 24	$459K	2K
FY 25	$395K	3K