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BUZZFEED INC Financials

BZFDW
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows BUZZFEED INC (BZFDW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BZFDW FY2025

Shrinking scale is outrunning cost cuts, leaving BuzzFeed reliant on external funding despite a still-meaningful gross margin.

From FY2023 to FY2025, revenue fell to $185.3M while operating cash flow stayed negative in both years, so the problem is not just a smaller top line but a business that no longer funds itself. That squeeze shows up in cash on hand of only $8.5M, a current ratio below 1x for a second straight year, and a $21.6M financing inflow in FY2025.

Gross margin stayed above 43.0% from FY2022 through FY2024, which means direct costs were not spiraling even as revenue shrank. The FY2025 drop to 40.5% mattered because a business already below efficient scale had little buffer left; fixed-cost absorption, not just weaker unit economics, pushed the operating loss deeper.

Management cut overhead aggressively: SG&A fell from $78.0M in FY2023 to $50.4M in FY2025. Yet the equity cushion narrowed to $49.4M and long-term debt reappeared at $27.9M, showing the savings have not rebuilt balance-sheet flexibility because cash burn kept consuming capital.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&D Intensity Revenue Progress Burn Trend Balance Sheet 18 / 100
Financial Health Score 18/100
Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of BUZZFEED INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway
25
R&D Intensity
23
Revenue Progress
33
Burn Trend
10
Balance Sheet
16
Piotroski F-Score Partial
3/8

BUZZFEED INC passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.32x

For every $1 of reported earnings, BUZZFEED INC generates $0.32 in operating cash flow (-$18.7M OCF vs -$57.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-8.4x

BUZZFEED INC earns $-8.4 in operating income for every $1 of interest expense (-$47.9M vs $5.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$185.3M
YoY-2.4%
5Y CAGR-10.4%

BUZZFEED INC generated $185.3M in revenue in fiscal year 2025. This represents a decrease of 2.4% from the prior year.

EBITDA
-$32.1M
YoY-630.4%

BUZZFEED INC's EBITDA was -$32.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 630.4% from the prior year.

Net Income
-$57.7M
YoY-471.8%

BUZZFEED INC reported -$57.7M in net income in fiscal year 2025. This represents a decrease of 471.8% from the prior year.

EPS (Diluted)
$-1.53
YoY-466.7%

BUZZFEED INC earned $-1.53 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 466.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$20.7M
YoY+3.1%

BUZZFEED INC generated -$20.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 3.1% from the prior year.

Cash & Debt
$8.5M
YoY-62.2%
5Y CAGR-37.8%

BUZZFEED INC held $8.5M in cash against $27.9M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
40.5%
YoY-4.1pp
5Y CAGR-15.8pp

BUZZFEED INC's gross margin was 40.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.1 percentage points from the prior year.

Operating Margin
-25.9%
YoY-13.5pp
5Y CAGR-29.6pp

BUZZFEED INC's operating margin was -25.9% in fiscal year 2025, reflecting core business profitability. This is down 13.5 percentage points from the prior year.

Net Margin
-31.2%
YoY-25.8pp
5Y CAGR-34.4pp

BUZZFEED INC's net profit margin was -31.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 25.8 percentage points from the prior year.

Return on Equity
-116.9%
YoY-107.3pp

BUZZFEED INC's ROE was -116.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 107.3 percentage points from the prior year.

Capital Allocation

R&D Spending
$10.8M
YoY-0.6%
5Y CAGR-9.4%

BUZZFEED INC invested $10.8M in research and development in fiscal year 2025. This represents a decrease of 0.6% from the prior year.

Share Buybacks
$3.3M

BUZZFEED INC spent $3.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$2.0M
YoY+183.4%
5Y CAGR-16.1%

BUZZFEED INC invested $2.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 183.4% from the prior year.

BZFDW Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $31.6M-44.2% $56.5M+22.1% $46.3M-0.2% $46.4M+28.8% $36.0M-35.9% $56.2M+1.1% $55.6M+35.2% $41.1M
Cost of Revenue $22.4M-23.1% $29.1M-1.7% $29.6M+5.7% $28.0M+19.1% $23.5M-15.8% $27.9M-1.3% $28.3M+30.1% $21.7M
Gross Profit $9.2M-66.4% $27.4M+64.0% $16.7M-9.1% $18.4M+46.9% $12.5M-55.7% $28.3M+3.6% $27.3M+40.8% $19.4M
R&D Expenses $2.3M-1.8% $2.4M-5.9% $2.5M-10.5% $2.8M-7.9% $3.1M+32.0% $2.3M-10.0% $2.6M-5.1% $2.7M
SG&A Expenses $13.2M+4.2% $12.6M-0.7% $12.7M+19.2% $10.7M-25.6% $14.4M+5.4% $13.6M-7.3% $14.7M+4.6% $14.1M
Operating Income -$13.5M+45.4% -$24.7M-312.5% -$6.0M-72.7% -$3.5M+74.8% -$13.7M-448.0% $3.9M+151.0% $1.6M+128.1% -$5.6M
Interest Expense $1.5M-5.9% $1.6M+15.7% $1.4M-5.6% $1.5M+27.8% $1.2M+272.7% -$678K-145.7% $1.5M-0.7% $1.5M
Income Tax -$112K-135.1% $319K+192.2% -$346K-203.9% $333K+316.3% $80K-69.9% $266K+341.8% -$110K+37.5% -$176K
Net Income -$15.1M+43.7% -$26.8M-260.4% -$7.4M+31.3% -$10.8M+14.6% -$12.7M-140.8% $31.0M+1385.4% $2.1M+127.9% -$7.5M
EPS (Diluted) $-0.40 N/A $-0.20+28.6% $-0.28+15.2% $-0.33 N/A $0.05+125.0% $-0.20

BZFDW Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $169.1M-10.1% $188.1M-10.9% $211.2M+0.4% $210.4M+3.5% $203.2M-8.2% $221.4M-19.9% $276.5M+1.4% $272.9M
Current Assets $71.2M-17.4% $86.1M+4.0% $82.8M-3.1% $85.5M-2.9% $88.0M+4.0% $84.6M-30.0% $120.9M+8.3% $111.7M
Cash & Equivalents $6.8M-19.1% $8.5M-75.3% $34.3M+15.4% $29.7M+97.4% $15.1M-32.7% $22.4M-58.4% $53.7M+18.2% $45.5M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $30.3M-33.5% $45.5M+34.5% $33.8M-5.9% $35.9M-1.4% $36.5M-25.5% $48.9M-1.4% $49.6M+5.7% $47.0M
Goodwill $13.1M0.0% $13.1M-69.7% $43.3M0.0% $43.3M0.0% $43.3M0.0% $43.3M-24.8% $57.6M0.0% $57.6M
Total Liabilities $132.3M-4.1% $138.1M+2.6% $134.6M+6.4% $126.5M+18.2% $107.0M-6.6% $114.5M-43.5% $202.5M-0.5% $203.5M
Current Liabilities $90.7M-4.8% $95.2M+2.3% $93.1M+34.3% $69.3M-27.9% $96.1M-0.8% $96.8M-46.3% $180.3M+2.5% $176.0M
Long-Term Debt $28.1M+1.0% $27.9M+14.7% $24.3M-36.6% $38.3M N/A $0 $0 $0
Total Equity $36.1M-26.8% $49.4M-34.9% $75.9M-6.5% $81.1M-13.5% $93.8M-10.5% $104.8M+46.2% $71.7M+6.7% $67.2M
Retained Earnings -$694.7M-2.2% -$679.6M-4.1% -$652.8M-1.2% -$645.4M-1.7% -$634.5M-2.0% -$621.9M+4.8% -$652.9M+0.3% -$655.0M

BZFDW Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $2.7M+122.9% -$11.7M-775.6% $1.7M+117.2% -$10.1M-851.4% $1.3M+129.5% -$4.6M-147.6% $9.6M+177.2% -$12.4M
Capital Expenditures $244K-12.9% $280K-66.8% $844K+89.2% $446K+14.9% $388K+103.1% $191K-34.6% $292K+143.3% $120K
Free Cash Flow $2.4M+120.3% -$12.0M-1446.3% $892K+108.5% -$10.5M-1203.0% $956K+120.1% -$4.7M-151.1% $9.3M+174.2% -$12.5M
Investing Cash Flow -$4.1M-46.5% -$2.8M+31.9% -$4.1M-12.7% -$3.7M-6.3% -$3.4M-104.3% $79.5M+2607.9% -$3.2M-11.1% -$2.9M
Financing Cash Flow -$156K-101.9% $8.1M+13.7% $7.1M-20.4% $8.9M+462.6% -$2.5M+97.3% -$89.4M-7574.9% $1.2M+310.6% -$568K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A $0 $0 N/A N/A $0 $0 N/A

BZFDW Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 29.2%-19.4pp 48.5%+12.4pp 36.1%-3.5pp 39.7%+4.9pp 34.8%-15.5pp 50.3%+1.2pp 49.1%+2.0pp 47.1%
Operating Margin -42.7%+1.0pp -43.7%-30.8pp -12.9%-5.5pp -7.5%+30.7pp -38.1%-45.2pp 7.0%+4.2pp 2.8%+16.4pp -13.6%
Net Margin -47.8%-0.4pp -47.4%-31.4pp -16.1%+7.3pp -23.3%+11.9pp -35.2%-90.4pp 55.2%+51.5pp 3.8%+22.0pp -18.2%
Return on Equity -41.8%+12.5pp -54.3%-44.5pp -9.8%+3.5pp -13.3%+0.2pp -13.5%-43.1pp 29.6%+26.7pp 2.9%+14.1pp -11.1%
Return on Assets -8.9%+5.3pp -14.2%-10.7pp -3.5%+1.6pp -5.1%+1.1pp -6.2%-20.3pp 14.0%+13.3pp 0.8%+3.5pp -2.7%
Current Ratio 0.78-0.1 0.90+0.0 0.89-0.3 1.23+0.3 0.92+0.0 0.87+0.2 0.67+0.0 0.63
Debt-to-Equity 0.78+0.2 0.56+0.2 0.32-0.2 0.47-0.7 1.14+1.1 0.000.0 0.000.0 0.00
FCF Margin 7.7%+29.0pp -21.2%-23.2pp 1.9%+24.7pp -22.7%-25.4pp 2.6%+11.1pp -8.5%-25.2pp 16.7%+47.2pp -30.5%

Note: The current ratio is below 1.0 (0.90), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

BUZZFEED INC (BZFDW) reported $185.3M in total revenue for fiscal year 2025. This represents a -2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

BUZZFEED INC (BZFDW) revenue declined by 2.4% year-over-year, from $189.9M to $185.3M in fiscal year 2025.

No, BUZZFEED INC (BZFDW) reported a net income of -$57.7M in fiscal year 2025, with a net profit margin of -31.2%.

BUZZFEED INC (BZFDW) reported diluted earnings per share of $-1.53 for fiscal year 2025. This represents a -466.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BUZZFEED INC (BZFDW) had EBITDA of -$32.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, BUZZFEED INC (BZFDW) had $8.5M in cash and equivalents against $27.9M in long-term debt.

BUZZFEED INC (BZFDW) had a gross margin of 40.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

BUZZFEED INC (BZFDW) had an operating margin of -25.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

BUZZFEED INC (BZFDW) had a net profit margin of -31.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

BUZZFEED INC (BZFDW) has a return on equity of -116.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

BUZZFEED INC (BZFDW) generated -$20.7M in free cash flow during fiscal year 2025. This represents a 3.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

BUZZFEED INC (BZFDW) generated -$18.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

BUZZFEED INC (BZFDW) had $188.1M in total assets as of fiscal year 2025, including both current and long-term assets.

BUZZFEED INC (BZFDW) invested $2.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

BUZZFEED INC (BZFDW) invested $10.8M in research and development during fiscal year 2025.

Yes, BUZZFEED INC (BZFDW) spent $3.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

BUZZFEED INC (BZFDW) had a current ratio of 0.90 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

BUZZFEED INC (BZFDW) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

BUZZFEED INC (BZFDW) had a return on assets of -30.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, BUZZFEED INC (BZFDW) had $8.5M in cash against an annual operating cash burn of $18.7M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

BUZZFEED INC (BZFDW) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

BUZZFEED INC (BZFDW) has an earnings quality ratio of 0.32x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

BUZZFEED INC (BZFDW) has an interest coverage ratio of -8.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

BUZZFEED INC (BZFDW) scores 18 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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