TZOO · Travelzoo - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $91.72M | $83.90M | $84.48M | $70.60M | $62.71M | $53.60M |
| Cost of Revenue | $18.08M | $10.47M | $10.93M | $10.00M | $11.39M | $10.56M |
| Gross Profit | $73.64M | $73.43M | $73.54M | $60.60M | $51.32M | $43.04M |
| R&D | $2.55M | $2.41M | $2.11M | $2.06M | $2.59M | $3.08M |
| SG&A | $18.92M | $18.06M | $18.08M | $17.90M | $19.75M | $20.49M |
| Total Operating Expenses | $66.74M | $54.94M | $57.97M | $53.04M | $52.64M | $57.11M |
| D&A | $305.0K | $907.0K | $1.89M | $2.19M | $1.82M | $2.31M |
| Operating Income | $6.90M | $18.50M | $15.57M | $7.56M | ($1.31M) | ($14.07M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $2.68M | $5.40M | $5.11M | $3.27M | $1.78M | ($2.44M) |
| Net Income | $4.70M | $13.56M | $12.37M | $6.63M | $911.0K | ($13.42M) |
| EPS - Basic | $0.42 | $1.08 | $0.83 | $0.54 | $0.08 | ($1.18) |
| EPS - Diluted | $0.41 | $1.06 | $0.83 | $0.53 | $0.07 | ($1.18) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.01M | $17.06M | $15.71M | $18.69M | $43.81M | $63.06M |
| Accounts Receivable | $10.72M | $12.82M | $12.96M | $13.82M | $14.87M | $4.52M |
| Inventory | $0 | - | - | - | - | - |
| Accounts Payable | $7.76M | $6.14M | $4.55M | $4.27M | $3.41M | $7.00M |
| Current Assets | $23.40M | $31.77M | $30.77M | $35.59M | $65.12M | $70.04M |
| Total Assets | $45.19M | $54.72M | $55.38M | $67.27M | $99.73M | $102.40M |
| Current Liabilities | $34.17M | $36.50M | $34.19M | $47.53M | $87.88M | $82.87M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $47.61M | $50.37M | $46.50M | $58.42M | $99.36M | $95.90M |
| Stockholders' Equity | ($7.52M) | ($462.0K) | $4.19M | $4.26M | ($4.23M) | $1.89M |
| Retained Earnings | $7.24M | $14.28M | $19.51M | $7.14M | $508.0K | ($403.0K) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.66M | $21.10M | $10.68M | ($23.12M) | ($8.08M) | $47.02M |
| Investing Cash Flow | ($65.0K) | ($177.0K) | ($39.0K) | ($1.31M) | $104.0K | $2.07M |
| Financing Cash Flow | ($13.07M) | ($18.97M) | ($14.15M) | $1.28M | ($11.16M) | ($6.98M) |
| CapEx | $65.0K | $177.0K | $255.0K | $462.0K | $29.0K | $253.0K |
| Free Cash Flow | $5.60M | $20.92M | $10.42M | ($23.58M) | ($8.11M) | $46.77M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 80.3% | 87.5% | 87.1% | 85.8% | 81.8% | 80.3% |
| Operating margin | 7.5% | 22.0% | 18.4% | 10.7% | -2.1% | -26.3% |
| EBITDA margin | 7.9% | 23.1% | 20.7% | 13.8% | 0.8% | -21.9% |
| Net margin | 5.1% | 16.2% | 14.6% | 9.4% | 1.5% | -25.0% |
| Free cash flow margin | 6.1% | 24.9% | 12.3% | -33.4% | -12.9% | 87.2% |
| FCF / Net income | 1.19 | 1.54 | 0.84 | -3.55 | -8.90 | -3.48 |
| R&D / Revenue | 2.8% | 2.9% | 2.5% | 2.9% | 4.1% | 5.7% |
| SG&A / Revenue | 20.6% | 21.5% | 21.4% | 25.4% | 31.5% | 38.2% |
| Effective tax rate | 36.3% | 28.5% | 29.2% | 33.0% | 66.1% | - |
| Return on assets | 10.4% | 24.8% | 22.3% | 9.9% | 0.9% | -13.1% |
| Return on equity | -62.5% | -2935.9% | 295.4% | 155.9% | -21.5% | -709.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.68 | 0.87 | 0.90 | 0.75 | 0.74 | 0.85 |
| Quick ratio | 0.68 | 0.87 | 0.90 | 0.75 | 0.74 | 0.85 |
| Cash ratio | 0.29 | 0.47 | 0.46 | 0.39 | 0.50 | 0.76 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | -6.01 | -118.45 | 13.23 | 15.81 | -23.56 | 54.15 |
| Liabilities / Assets | 1.05 | 0.92 | 0.84 | 0.87 | 1.00 | 0.94 |
| Efficiency | ||||||
| Asset turnover | 2.03 | 1.53 | 1.53 | 1.05 | 0.63 | 0.52 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 43d | 56d | 56d | 71d | 87d | 31d |
| Days inventory outstanding | 0d | - | - | - | - | - |
| Days payable outstanding | 157d | 214d | 152d | 156d | 109d | 242d |
| Cash conversion cycle | -114d | - | - | - | - | - |
| Valuation | ||||||
| P / E | 17.4x | 18.8x | 11.5x | 8.4x | 134.6x | - |
| P / B | - | - | 34.1x | 13.1x | - | 56.6x |
| P / S | 0.9x | 3.1x | 1.7x | 0.8x | 2.0x | 2.0x |
| EV / EBITDA | 9.9x | 12.3x | 7.3x | 3.8x | 155.0x | - |
| Growth | ||||||
| Revenue growth (YoY) | 9.3% | -0.7% | 19.7% | 12.6% | 17.0% | -51.9% |
| Revenue CAGR (3y) | 9.1% | 10.2% | 16.4% | -14.1% | - | -22.3% |
| Revenue CAGR (5y) | 11.3% | -5.5% | - | -9.2% | - | - |
| Gross profit growth (YoY) | 0.3% | -0.1% | 21.4% | 18.1% | 19.3% | -56.8% |
| Operating income growth (YoY) | -62.7% | 18.8% | 106.1% | - | 90.7% | - |
| Net income growth (YoY) | -65.4% | 9.7% | 86.4% | 628.2% | - | - |
| EPS growth (YoY) | -61.3% | 27.7% | 56.6% | 657.1% | - | - |
| EPS CAGR (3y) | -8.2% | 147.4% | - | 14.8% | - | - |
| EPS CAGR (5y) | - | 24.8% | - | 7.5% | -31.7% | - |
| FCF growth (YoY) | -73.3% | 100.8% | - | -190.7% | - | 334.5% |
| FCF CAGR (5y) | -34.6% | 14.2% | - | - | - | 74.3% |
| Book value growth (YoY) | -1526.8% | - | -1.6% | - | - | -82.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$183.44M totalReportable Segments$91.72M · 50.0%
Travelzoo North America Segment$59.00M · 32.2%
Travelzoo Europe Segment$27.12M · 14.8%
JFCTravel Group Co.$5.52M · 3.0%
New Initiatives$80.0K · 0.0%
Product / service
$91.72M totalAdvertising$78.45M · 85.5%
Membership Fees$13.19M · 14.4%
Product And Service Other$80.0K · 0.1%
Geographic
$91.72M totalUS$55.30M · 60.3%
GB$19.89M · 21.7%
Geographical Locations Excluding United States And United Kingdom$16.52M · 18.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.40
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Advertising
Comparing TRAVELZOO against the 5 most active filers in the same SIC group.