ZD · Ziff Davis, Inc. - 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 | $1.45B | $1.40B | $1.36B | $1.39B | $1.42B | $1.49B |
| Cost of Revenue | $206.60M | $200.32M | $197.29M | $195.55M | $188.05M | $231.78M |
| Gross Profit | $1.24B | $1.20B | $1.17B | $1.20B | $1.23B | $1.26B |
| R&D | $61.96M | $67.37M | $68.86M | $74.09M | $78.87M | $64.30M |
| SG&A | $210.03M | $203.46M | $421.05M | $404.26M | $456.78M | $445.43M |
| Total Operating Expenses | $1.27B | $1.29B | $1.23B | $1.02B | $1.06B | $923.20M |
| D&A | $228.69M | $211.92M | $236.97M | $233.40M | $258.30M | $228.74M |
| Operating Income | $183.09M | $113.65M | $132.61M | $198.94M | $167.34M | $334.61M |
| Interest Expense | $37.60M | $35.30M | $41.60M | $37.10M | $79.60M | $133.80M |
| Income Tax | $25.45M | $41.37M | $24.14M | $57.96M | ($14.20M) | $68.39M |
| Net Income | $47.35M | $63.05M | $41.50M | $63.76M | $496.71M | $150.67M |
| EPS - Basic | $1.16 | $1.42 | $0.89 | $1.36 | $10.81 | $2.82 |
| EPS - Diluted | $1.15 | $1.42 | $0.89 | $1.36 | $10.37 | $2.77 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $607.01M | $505.88M | $737.61M | $652.79M | $694.84M | $242.65M |
| Accounts Receivable | $667.22M | $660.22M | $337.70M | $304.74M | $316.34M | $325.62M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $151.29M | $164.35M | $123.26M | $130.98M | - | - |
| Current Assets | $1.37B | $1.27B | $1.19B | $1.08B | $1.30B | $622.84M |
| Total Assets | $3.66B | $3.70B | $3.47B | $3.53B | $3.77B | $3.67B |
| Current Liabilities | $1.07B | $899.65M | $431.83M | $432.45M | $497.24M | $882.56M |
| Long-term Debt | $717.82M | $864.28M | $1.00B | $999.05M | $1.04B | $1.18B |
| Total Liabilities | $1.91B | $1.89B | $1.58B | $1.64B | $1.80B | $2.45B |
| Stockholders' Equity | $1.75B | $1.81B | $1.89B | $1.89B | $1.97B | $1.21B |
| Retained Earnings | $1.34B | $1.40B | $1.49B | $1.54B | $1.52B | $809.11M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $407.07M | $390.31M | $319.96M | $336.44M | $516.54M | $480.08M |
| Investing Cash Flow | ($145.75M) | ($297.45M) | ($127.41M) | ($220.77M) | $59.09M | ($586.22M) |
| Financing Cash Flow | ($170.29M) | ($320.99M) | ($114.79M) | ($140.83M) | ($113.09M) | ($234.63M) |
| CapEx | $119.20M | $106.64M | $108.73M | $106.15M | $113.74M | $92.55M |
| Free Cash Flow | $287.87M | $283.68M | $211.23M | $230.29M | $402.80M | $387.53M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 85.8% | 85.7% | 85.5% | 85.9% | 86.7% | 84.4% |
| Operating margin | 12.6% | 8.1% | 9.7% | 14.3% | 11.8% | 22.5% |
| EBITDA margin | 28.4% | 23.2% | 27.1% | 31.1% | 30.0% | 37.8% |
| Net margin | 3.3% | 4.5% | 3.0% | 4.6% | 35.1% | 10.1% |
| Free cash flow margin | 19.8% | 20.2% | 15.5% | 16.6% | 28.4% | 26.0% |
| FCF / Net income | 6.08 | 4.50 | 5.09 | 3.61 | 0.81 | 2.57 |
| R&D / Revenue | 4.3% | 4.8% | 5.0% | 5.3% | 5.6% | 4.3% |
| SG&A / Revenue | 14.5% | 14.5% | 30.9% | 29.1% | 32.2% | 29.9% |
| Effective tax rate | 35.0% | 39.6% | 36.8% | 47.6% | -2.9% | 31.2% |
| Return on assets | 1.3% | 1.7% | 1.2% | 1.8% | 13.2% | 4.1% |
| Return on equity | 2.7% | 3.5% | 2.2% | 3.4% | 25.2% | 12.4% |
| Return on invested capital | 4.8% | 2.6% | 2.9% | 3.6% | 5.6% | 9.6% |
| Liquidity | ||||||
| Current ratio | 1.27 | 1.41 | 2.76 | 2.51 | 2.62 | 0.71 |
| Quick ratio | 1.27 | 1.41 | 2.76 | 2.51 | 2.62 | 0.71 |
| Cash ratio | 0.56 | 0.56 | 1.71 | 1.51 | 1.40 | 0.27 |
| Leverage | ||||||
| Debt / Equity | 0.41 | 0.48 | 0.53 | 0.53 | 0.53 | 0.98 |
| Debt / Assets | 0.20 | 0.23 | 0.29 | 0.28 | 0.27 | 0.32 |
| Debt / EBITDA | 1.74 | 2.65 | 2.71 | 2.31 | 2.43 | 2.10 |
| Interest coverage | 4.9x | 3.2x | 3.2x | 5.4x | 2.1x | 2.5x |
| Equity multiplier | 2.09 | 2.05 | 1.83 | 1.87 | 1.92 | 3.03 |
| Liabilities / Assets | 0.52 | 0.51 | 0.45 | 0.46 | 0.48 | 0.67 |
| Efficiency | ||||||
| Asset turnover | 0.40 | 0.38 | 0.39 | 0.39 | 0.38 | 0.41 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 168d | 172d | 90d | 80d | 82d | 80d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 267d | 299d | 228d | 244d | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 30.6x | 38.3x | 75.5x | 58.2x | 10.7x | 30.7x |
| P / B | 0.8x | 1.3x | 1.6x | 2.0x | 2.7x | 3.3x |
| P / S | 1.0x | 1.7x | 2.3x | 2.7x | 3.7x | 2.7x |
| EV / EBITDA | 3.8x | 8.5x | 9.2x | 9.4x | 13.3x | 8.8x |
| Growth | ||||||
| Revenue growth (YoY) | 3.5% | 2.8% | -1.9% | -1.8% | -4.9% | 8.6% |
| Revenue CAGR (3y) | 1.4% | -0.4% | -2.9% | 0.5% | 5.5% | 10.0% |
| Revenue CAGR (5y) | -0.5% | 0.4% | 2.5% | 4.5% | 10.1% | 15.6% |
| Gross profit growth (YoY) | 3.6% | 3.0% | -2.4% | -2.7% | -2.3% | 10.8% |
| Operating income growth (YoY) | 61.1% | -14.3% | -33.3% | 18.9% | -50.0% | 20.8% |
| Net income growth (YoY) | -24.9% | 51.9% | -34.9% | -87.2% | 229.7% | -31.1% |
| EPS growth (YoY) | -19.0% | 59.6% | -34.6% | -86.9% | 275.0% | -37.0% |
| EPS CAGR (3y) | -5.4% | -48.5% | -31.5% | -32.3% | 58.8% | -0.8% |
| EPS CAGR (5y) | -16.1% | -20.2% | -19.2% | -13.6% | 27.1% | 0.3% |
| FCF growth (YoY) | 1.5% | 34.3% | -8.3% | -42.8% | 3.9% | 13.3% |
| FCF CAGR (5y) | -5.8% | -3.7% | -9.3% | 0.5% | 9.3% | 12.8% |
| Book value growth (YoY) | -3.2% | -4.3% | 0.0% | -3.8% | 62.5% | -7.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.45B totalHealth And Wellness$402.35M · 27.7%
Technology And Shopping$356.60M · 24.6%
Cybersecurity And Martech Segment$278.03M · 19.2%
Connectivity$230.73M · 15.9%
Gaming And Entertainment$183.56M · 12.6%
Product / service
$356.60M totalAdvertising And Performance Marketing$350.99M · 98.4%
Subscription And Licensing$10.44M · 2.9%
Other($4.83M) · -1.4%
Geographic
$1.45B totalUS$1.22B · 84.0%
Non Us$232.05M · 16.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.30
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
7/9
Strong
- ✓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: Telegraph & Other Message Communications
Comparing ZIFF DAVIS against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| May 17, 2019 | $0.3957 |
| Feb 22, 2019 | $0.3870 |
| Nov 16, 2018 | $0.3783 |
| Aug 17, 2018 | $0.3696 |
| May 17, 2018 | $0.3609 |
| Feb 21, 2018 | $0.3522 |
| Nov 16, 2017 | $0.3435 |
| Aug 10, 2017 | $0.3348 |
| May 17, 2017 | $0.3261 |
| Feb 17, 2017 | $0.3174 |
| Nov 16, 2016 | $0.3087 |
| Aug 15, 2016 | $0.3000 |
| May 16, 2016 | $0.2913 |
| Feb 19, 2016 | $0.2826 |
| Nov 13, 2015 | $0.2739 |
| Aug 13, 2015 | $0.2678 |
| May 15, 2015 | $0.2609 |
| Feb 19, 2015 | $0.2548 |
| Nov 13, 2014 | $0.2478 |
| Aug 14, 2014 | $0.2417 |
| May 15, 2014 | $0.2348 |
| Feb 20, 2014 | $0.2287 |
| Nov 14, 2013 | $0.2217 |
| Aug 15, 2013 | $0.2148 |