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Zillow Group, Inc.

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Key Metrics

Previous Close: $36.58
52-Week Range: $29.23 – $93.88
Market Cap: $8.03B
P/E (TTM): 155.30
EPS (TTM): 0.23
Dividend Yield: —

Advanced Metrics

Price/Book: 1.86
PEG Ratio: 0.93
Return on Equity: 1.22%
Return on Assets: 0.89%
Gross Margin: 72.88%
Operating Margin: 4.66%
Profit Margin: 1.96%
Current Ratio: 1.92
Debt/Equity: 0.13
Total Debt: $558.00M
Free Cash Flow: $244.25M
Revenue Growth: 17.90%
Earnings Growth: —
Enterprise Value: $7.89B

Z Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.96B	$1.95B	$2.24B	$2.58B
Cost of Revenue	$367.00M	$421.00M	$527.00M	$668.00M
Gross Profit	$1.59B	$1.52B	$1.71B	$1.92B
Research & Development	$498.00M	$560.00M	$585.00M	$607.00M
Selling, General & Admin	$1.16B	$1.21B	$1.31B	$1.34B
Operating Expenses	$1.66B	$1.77B	$1.90B	$1.95B
Operating Income	-$69.00M	-$247.00M	-$190.00M	-$32.00M
EBITDA	$130.00M	$104.00M	$179.00M	$315.00M
Pretax Income	-$85.00M	-$154.00M	-$107.00M	$25.00M
Income Tax	$3.00M	$4.00M	$5.00M	$2.00M
Net Income	-$101.00M	-$158.00M	-$112.00M	$23.00M
Diluted EPS	-0.42	-0.68	-0.48	0.09
Diluted Shares	242.16M	233.57M	234.08M	254.12M

Z Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.47B	$1.49B	$1.08B	$768.00M
Receivables	$72.00M	$96.00M	$104.00M	$149.00M
Current Assets	$3.60B	$3.15B	$2.33B	$2.12B
Total Assets	$6.56B	$6.65B	$5.83B	$5.68B
Current Liabilities	$270.00M	$971.00M	$831.00M	$679.00M
Long-Term Debt	$1.66B	$1.00B	—	—
Total Debt	$1.87B	$1.83B	$660.00M	$457.00M
Total Liabilities	$2.08B	$2.13B	$981.00M	$801.00M
Retained Earnings	-$1.61B	-$1.77B	-$1.88B	-$1.86B
Shareholders' Equity	$4.48B	$4.53B	$4.85B	$4.88B
Working Capital	$3.33B	$2.18B	$1.50B	$1.44B
Net Debt	$231.00M	$208.00M	—	—

Z Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$4.50B	$354.00M	$428.00M	$368.00M
Capital Expenditure	-$140.00M	-$165.00M	-$171.00M	-$267.00M
Free Cash Flow	$4.36B	$189.00M	$257.00M	$101.00M
Depreciation & Amortisation	$180.00M	$222.00M	$250.00M	$272.00M
Stock-Based Compensation	$451.00M	$451.00M	$448.00M	$390.00M
Investing Cash Flow	-$1.53B	$25.00M	$395.00M	-$6.00M
Financing Cash Flow	-$4.34B	-$352.00M	-$1.23B	-$674.00M
Share Repurchases	-$947.00M	-$424.00M	-$301.00M	-$670.00M
Net Change in Cash	-$1.37B	$27.00M	-$410.00M	-$312.00M

Z Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$598.00M	$655.00M	$676.00M	$654.00M	$708.00M
Cost of Revenue	$139.00M	$166.00M	$185.00M	$178.00M	$189.00M
Gross Profit	$459.00M	$489.00M	$491.00M	$476.00M	$519.00M
Research & Development	$149.00M	$153.00M	$151.00M	$154.00M	$150.00M
Selling, General & Admin	$319.00M	$347.00M	$341.00M	$333.00M	$333.00M
Operating Expenses	$468.00M	$500.00M	$492.00M	$487.00M	$483.00M
Operating Income	-$9.00M	-$11.00M	-$1.00M	-$11.00M	$36.00M
EBITDA	$80.00M	$76.00M	$84.00M	$75.00M	$119.00M
Pretax Income	$8.00M	$2.00M	$12.00M	$3.00M	$48.00M
Income Tax	$0.00	$0.00	$2.00M	$0.00	$2.00M
Net Income	$8.00M	$2.00M	$10.00M	$3.00M	$46.00M
Diluted EPS	0.03	0.01	0.04	0.01	0.19
Diluted Shares	256.19M	251.66M	256.24M	252.39M	239.64M

Z Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$914.00M	$587.00M	$874.00M	—	$678.00M
Receivables	$115.00M	$151.00M	$157.00M	$149.00M	$153.00M
Current Assets	$2.15B	$1.82B	$2.12B	$2.12B	$1.66B
Total Assets	$5.75B	$5.42B	$5.70B	$5.68B	$5.23B
Current Liabilities	$875.00M	$546.00M	$584.00M	$679.00M	$724.00M
Total Debt	$687.00M	$328.00M	$367.00M	$457.00M	$429.00M
Total Liabilities	$992.00M	$670.00M	$706.00M	$801.00M	$818.00M
Retained Earnings	-$1.87B	-$1.87B	-$1.86B	-$1.86B	-$1.81B
Shareholders' Equity	$4.75B	$4.75B	$4.99B	$4.88B	$4.41B
Working Capital	$1.28B	$1.27B	$1.53B	$1.44B	$935.00M

Z Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$104.00M	$87.00M	$105.00M	$72.00M	$200.00M
Capital Expenditure	-$144.00M	-$44.00M	-$40.00M	-$39.00M	-$44.00M
Free Cash Flow	-$40.00M	$43.00M	$65.00M	$33.00M	$156.00M
Depreciation & Amortisation	$67.00M	$69.00M	$69.00M	—	$67.00M
Stock-Based Compensation	$97.00M	$99.00M	$99.00M	$95.00M	$81.00M
Investing Cash Flow	-$52.00M	$77.00M	$19.00M	-$50.00M	$376.00M
Financing Cash Flow	-$219.00M	-$490.00M	$163.00M	-$128.00M	-$666.00M
Share Repurchases	-$250.00M	-$150.00M	-$38.00M	-$232.00M	-$626.00M
Net Change in Cash	-$167.00M	-$326.00M	$287.00M	-$106.00M	-$90.00M

Market Snapshot

About

Zillow Group is a leading real estate technology company that operates a comprehensive online platform for buying, selling, renting, and financing homes. The company provides consumers with tools, data, and resources to make informed real estate decisions, including home value estimates through its Zestimate tool. Zillow also offers services for real estate professionals and operates an integrated homes marketplace.