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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.27M | - | $22.20M | $23.91M | $23.14M | - | $20.10M | $21.14M | $21.98M | - |
| Cost of Revenue | $5.24M | - | $4.52M | $5.16M | $4.17M | - | $2.55M | $2.52M | $2.64M | - |
| Gross Profit | $19.04M | - | $17.68M | $18.74M | $18.97M | - | $17.55M | $18.62M | $19.34M | - |
| R&D | $664.0K | - | $631.0K | $698.0K | $634.0K | - | $594.0K | $603.0K | $566.0K | - |
| SG&A | $3.81M | - | $4.36M | $4.50M | $4.30M | - | $4.66M | $4.62M | $4.59M | - |
| Total Operating Expenses | $15.59M | - | $17.19M | $16.68M | $15.16M | - | $13.51M | $14.61M | $13.75M | - |
| D&A | $56.0K | - | - | - | $76.0K | - | - | - | $383.0K | - |
| Operating Income | $3.44M | - | $488.0K | $2.06M | $3.80M | - | $4.04M | $4.01M | $5.59M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $942.0K | - | $245.0K | $740.0K | $1.17M | - | $1.15M | $1.27M | $1.50M | - |
| Net Income | $2.48M | - | $150.0K | $1.40M | $3.17M | - | $3.18M | $2.93M | $4.24M | - |
| EPS - Basic | $0.23 | - | $0.01 | $0.13 | $0.27 | - | $0.26 | $0.23 | $0.31 | - |
| EPS - Diluted | $0.23 | - | $0.01 | $0.12 | $0.26 | - | $0.26 | $0.23 | $0.31 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.57M | $10.01M | $8.49M | $10.44M | $11.47M | $17.06M | $11.43M | $12.57M | $16.19M | $15.71M |
| Accounts Receivable | $13.54M | $10.72M | $12.46M | $11.50M | $12.39M | $12.82M | $13.17M | $13.22M | $13.15M | $12.96M |
| Inventory | - | $124.0K | - | - | - | $0 | - | - | - | - |
| Accounts Payable | $8.27M | $7.76M | $8.40M | $6.13M | $6.05M | $6.14M | $4.98M | $5.21M | $5.51M | $4.55M |
| Current Assets | $28.42M | $23.40M | $24.42M | $24.16M | $26.32M | $31.77M | $27.35M | $28.51M | $31.59M | $30.77M |
| Total Assets | $50.87M | $45.19M | $46.16M | $46.73M | $49.20M | $54.72M | $50.53M | $51.51M | $54.74M | $55.38M |
| Current Liabilities | $39.20M | $34.17M | $35.85M | $35.17M | $36.59M | $36.50M | $34.38M | $32.83M | $33.51M | $34.19M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $54.02M | $47.61M | $49.25M | $48.82M | $50.35M | $50.37M | $48.01M | $45.87M | $45.94M | $46.50M |
| Stockholders' Equity | ($8.27M) | ($7.52M) | ($8.10M) | ($7.07M) | ($6.05M) | ($462.0K) | ($2.23M) | $966.0K | $4.11M | $4.19M |
| Retained Earnings | $6.46M | $7.24M | $6.92M | $7.93M | $8.82M | $14.28M | $14.20M | $17.08M | $20.13M | $19.51M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.85M | - | - | - | $3.28M | - | - | - | $4.62M | - |
| Investing Cash Flow | ($8.0K) | - | - | - | ($21.0K) | - | - | - | ($35.0K) | - |
| Financing Cash Flow | ($3.27M) | - | - | - | ($8.92M) | - | - | - | ($3.87M) | - |
| CapEx | $8.0K | - | - | - | $21.0K | - | - | - | $35.0K | - |
| Free Cash Flow | $3.84M | - | - | - | $3.26M | - | - | - | $4.59M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 78.4% | - | 79.6% | 78.4% | 82.0% | - | 87.3% | 88.1% | 88.0% | - |
| Operating margin | 14.2% | - | 2.2% | 8.6% | 16.4% | - | 20.1% | 19.0% | 25.4% | - |
| EBITDA margin | 14.4% | - | - | - | 16.8% | - | - | - | 27.2% | - |
| Net margin | 10.2% | - | 0.7% | 5.9% | 13.7% | - | 15.8% | 13.8% | 19.3% | - |
| Free cash flow margin | 15.8% | - | - | - | 14.1% | - | - | - | 20.9% | - |
| FCF / Net income | 1.55 | - | - | - | 1.03 | - | - | - | 1.08 | - |
| R&D / Revenue | 2.7% | - | 2.8% | 2.9% | 2.7% | - | 3.0% | 2.9% | 2.6% | - |
| SG&A / Revenue | 15.7% | - | 19.7% | 18.8% | 18.6% | - | 23.2% | 21.9% | 20.9% | - |
| Effective tax rate | 27.5% | - | 62.0% | 34.5% | 27.0% | - | 26.5% | 30.2% | 26.2% | - |
| Return on assets | 4.9% | - | 0.3% | 3.0% | 6.4% | - | 6.3% | 5.7% | 7.7% | - |
| Return on equity | -30.0% | - | -1.9% | -19.8% | -52.3% | - | -142.7% | 303.0% | 103.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.72 | 0.68 | 0.68 | 0.69 | 0.72 | 0.87 | 0.80 | 0.87 | 0.94 | 0.90 |
| Quick ratio | 0.72 | 0.68 | 0.68 | 0.69 | 0.72 | 0.87 | 0.80 | 0.87 | 0.94 | 0.90 |
| Cash ratio | 0.27 | 0.29 | 0.24 | 0.30 | 0.31 | 0.47 | 0.33 | 0.38 | 0.48 | 0.46 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -6.15 | -6.01 | -5.70 | -6.61 | -8.13 | -118.45 | -22.65 | 53.33 | 13.33 | 13.23 |
| Liabilities / Assets | 1.06 | 1.05 | 1.07 | 1.04 | 1.02 | 0.92 | 0.95 | 0.89 | 0.84 | 0.84 |
| Efficiency | ||||||||||
| Asset turnover | 0.48 | - | 0.48 | 0.51 | 0.47 | - | 0.40 | 0.41 | 0.40 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 204d | - | 205d | 176d | 195d | - | 239d | 228d | 218d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 577d | - | 679d | 433d | 530d | - | 714d | 755d | 762d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 25.7x | - | 983.0x | 106.1x | 52.4x | - | 46.3x | 33.0x | 32.8x | - |
| P / B | - | - | - | - | - | - | - | 102.0x | 33.8x | - |
| P / S | 2.6x | - | 5.0x | 6.1x | 7.2x | - | 7.4x | 4.7x | 6.3x | - |
| EV / EBITDA | 15.3x | - | - | - | 40.1x | - | - | - | 20.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.9% | - | 10.4% | 13.1% | 5.3% | - | -2.4% | 0.1% | 1.8% | - |
| Revenue CAGR (3y) | 4.0% | - | 11.9% | 10.6% | 7.8% | - | 8.6% | 3.5% | 15.5% | - |
| Revenue CAGR (5y) | 11.2% | - | 10.0% | 27.8% | 2.6% | - | -4.5% | -5.6% | -6.5% | - |
| Gross profit growth (YoY) | 0.4% | - | 0.7% | 0.7% | -1.9% | - | -2.1% | 2.0% | 2.3% | - |
| Operating income growth (YoY) | -9.4% | - | -87.9% | -48.6% | -32.0% | - | 30.1% | 22.5% | 18.7% | - |
| Net income growth (YoY) | -21.8% | - | -95.3% | -52.1% | -25.2% | - | 35.6% | 11.5% | 15.3% | - |
| EPS growth (YoY) | -11.5% | - | -96.2% | -47.8% | -16.1% | - | 62.5% | 35.3% | 34.8% | - |
| EPS CAGR (3y) | 0.0% | - | -45.0% | 14.5% | 11.0% | - | 5.7% | 1.5% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | 54.0% | 15.9% | 3.6% | - |
| FCF growth (YoY) | 17.8% | - | - | - | -28.8% | - | - | - | 981.6% | - |
| FCF CAGR (5y) | -15.8% | - | - | - | - | - | - | - | 7.0% | - |
| Book value growth (YoY) | -36.6% | -1526.8% | -263.0% | - | - | - | - | -85.0% | -50.0% | -1.6% |
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%
Peer comparison
Same SIC group: Services-Advertising
Comparing TRAVELZOO against the 5 most active filers in the same SIC group.