Travelzoo (TZOO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TZOO SEC filings page.
Travelzoo (TZOO) reported $92.2M in revenue over the twelve months to Jun 30, 2026, up 4.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Travelzoo’s sales expanded, but higher cost of revenue sharply reduced margins while buybacks continued against a thinner, negative-equity balance sheet.
The 2025 top-line increase did not translate into gross profit growth: revenue reached$91.7M while gross profit was essentially unchanged at$73.6M , indicating that incremental sales carried much less economic value. That compression pushed gross margin from87.5% to80.3% and operating margin from22.1% to7.5% , so the earnings decline reflects cost absorption rather than weak sales volume alone.
By FY2025, liabilities exceeded assets, leaving negative equity of
Cash conversion remained close in FY2025: operating cash flow was
Financial Health Signals
Scored against operating 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 Travelzoo'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.
Travelzoo has an operating margin of 7.5%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 67/100, reflecting efficient cost management and pricing power. This is down from 22.1% the prior year.
Travelzoo's revenue grew 9.3% year-over-year to $91.7M, a solid pace of expansion. This earns a growth score of 46/100.
Travelzoo's current ratio of 0.68 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Travelzoo converts 6.1% of revenue into free cash flow ($5.6M). This strong cash generation earns a score of 74/100.
Travelzoo scores 3.16, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Travelzoo passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Travelzoo generates $1.20 in operating cash flow ($5.7M OCF vs $4.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Travelzoo generated $23.2M in revenue in Q2 2026. This represents a decrease of 2.9% from the same quarter a year earlier. Against the prior quarter it is down 4.4%.
Travelzoo's EBITDA was -$2.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 225.0% from the same quarter a year earlier. Against the prior quarter it is down 177.3%.
Travelzoo reported -$2.1M in net income in Q2 2026. This represents a decrease of 252.4% from the same quarter a year earlier. Against the prior quarter it is down 186.2%.
Travelzoo earned -$0.21 per diluted share (EPS) in Q2 2026. This represents a decrease of 275.0% from the same quarter a year earlier. Against the prior quarter it is down 191.3%.
Cash & Balance Sheet
Travelzoo recorded an outflow of $1.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 230.0% from the same quarter a year earlier. Against the prior quarter it is down 143.5%.
Travelzoo held $6.8M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Travelzoo's gross margin was 69.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 9.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.0 percentage points.
Travelzoo's operating margin was -11.9% in Q2 2026, reflecting core business profitability. This is down 20.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 26.1 percentage points.
Travelzoo's net profit margin was -9.2% in Q2 2026, showing the share of revenue converted to profit. This is down 15.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.4 percentage points.
Not reported for Q2 2026.
Capital Allocation
Travelzoo invested $602K in research and development in Q2 2026. This represents a decrease of 13.8% from the same quarter a year earlier. Against the prior quarter it is down 9.3%.
Travelzoo spent $1.9M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 22.4% from the same quarter a year earlier. Against the prior quarter it is down 40.6%.
Travelzoo invested $6K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 53.8% from the same quarter a year earlier. Against the prior quarter it is down 25.0%.
TZOO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.2M-2.9% | $24.3M+4.9% | $22.5M+8.7% | $22.2M+10.4% | $23.9M+13.1% | $23.1M+5.3% | $20.7M-2.2% | $20.1M-2.4% |
| Cost of Revenue | $7.1M+37.6% | $5.2M+25.5% | $4.2M+52.9% | $4.5M+77.4% | $5.2M+104.9% | $4.2M+58.0% | $2.8M+2.3% | $2.5M-4.4% |
| Gross Profit | $16.1M-14.1% | $19.0M+0.4% | $18.3M+1.9% | $17.7M+0.7% | $18.7M+0.7% | $19.0M-1.9% | $17.9M-2.9% | $17.6M-2.1% |
| R&D Expenses | $602K-13.8% | $664K+4.7% | $588K-8.7% | $631K+6.2% | $698K+15.8% | $634K+12.0% | $644K+11.0% | $594K+13.1% |
| SG&A Expenses | $4.5M+0.6% | $3.8M-11.5% | $5.8M+37.5% | $4.4M-6.5% | $4.5M-2.6% | $4.3M-6.2% | $4.2M-14.6% | $4.7M+4.6% |
| Operating Income | -$2.8M-234.1% | $3.4M-9.4% | $552K-88.6% | $488K-87.9% | $2.1M-48.6% | $3.8M-32.0% | $4.9M+8.3% | $4.0M+30.1% |
| EBITDA | -$2.7M-225.0% | $3.5M-9.8% | $618K-87.7% | $545K-87.1% | $2.2M-48.3% | $3.9M-35.1% | $5.0M+1.3% | $4.2M+18.0% |
| Income Tax | -$382K-151.6% | $942K-19.7% | $521K-64.9% | $245K-78.7% | $740K-41.6% | $1.2M-22.1% | $1.5M-8.3% | $1.1M+12.8% |
| Net Income | -$2.1M-252.4% | $2.5M-21.8% | -$20K-100.6% | $150K-95.3% | $1.4M-52.1% | $3.2M-25.2% | $3.2M-13.5% | $3.2M+35.6% |
| EPS (Basic) | -$0.21-261.5% | $0.23-14.8% | $0.01-96.3% | $0.01-96.2% | $0.13-43.5% | $0.27-12.9% | $0.27+3.8% | $0.26+62.5% |
| EPS (Diluted) | -$0.21-275.0% | $0.23-11.5% | $0.02-92.6% | $0.01-96.2% | $0.12-47.8% | $0.26-16.1% | $0.270.0% | $0.26+62.5% |
| Diluted Shares (Avg) | 10M-10.3% | 11M-11.5% | N/A | 11M-9.5% | 12M-11.3% | 12M-10.1% | N/A | 12M-16.4% |
Not reported in any period shown, so not listed: Interest Expense.
TZOO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $47.8M+2.3% | $50.9M+3.4% | $45.2M-17.4% | $46.2M-8.6% | $46.7M-9.3% | $49.2M-10.1% | $54.7M-1.2% | $50.5M-9.5% |
| Current Assets | $25.3M+4.6% | $28.4M+8.0% | $23.4M-26.4% | $24.4M-10.7% | $24.2M-15.3% | $26.3M-16.7% | $31.8M+3.3% | $27.3M-5.7% |
| Cash & Equivalents | $6.8M-34.5% | $10.6M-7.9% | $10.0M-41.4% | $8.5M-25.7% | $10.4M-16.9% | $11.5M-29.1% | $17.1M+8.6% | $11.4M-28.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | $124K | N/A | N/A | N/A | $0 | N/A |
| Accounts Receivable | $14.5M+26.5% | $13.5M+9.3% | $10.7M-16.4% | $12.5M-5.4% | $11.5M-13.0% | $12.4M-5.8% | $12.8M-1.1% | $13.2M+23.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% |
| Total Liabilities | $54.4M+11.5% | $54.0M+7.3% | $47.6M-5.5% | $49.2M+2.6% | $48.8M+6.4% | $50.3M+9.6% | $50.4M+8.3% | $48.0M-2.2% |
| Current Liabilities | $39.6M+12.5% | $39.2M+7.1% | $34.2M-6.4% | $35.8M+4.3% | $35.2M+7.1% | $36.6M+9.2% | $36.5M+6.7% | $34.4M-7.2% |
| Non-Current Liabilities | $14.8M+8.8% | $14.8M+7.7% | $13.4M-3.1% | $13.4M-1.7% | $13.6M+4.7% | $13.8M+10.7% | $13.9M+12.7% | $13.6M+13.2% |
| Total Equity | -$11.7M-66.1% | -$8.3M-36.6% | -$7.5M-1526.8% | -$8.1M-263.0% | -$7.1M-831.7% | -$6.1M-247.4% | -$462K-111.0% | -$2.2M-210.2% |
| Retained Earnings | $3.1M-60.9% | $6.5M-26.7% | $7.2M-49.3% | $6.9M-51.2% | $7.9M-53.6% | $8.8M-56.2% | $14.3M-26.8% | $14.2M-10.1% |
Not reported in any period shown, so not listed: Long-Term Debt.
TZOO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M-228.3% | $3.9M+17.3% | $1.5M-81.5% | -$373K-107.0% | $1.3M-60.7% | $3.3M-28.9% | $7.8M+467.5% | $5.3M+46.3% |
| Depreciation & Amortization | $54K-49.1% | $56K-26.3% | $66K-61.2% | $57K-68.2% | $106K-39.4% | $76K-80.2% | $170K-64.3% | $179K-62.1% |
| Stock-Based Compensation | N/A | $35K-90.5% | N/A | N/A | N/A | $369K+288.4% | N/A | N/A |
| Capital Expenditures | $6K-53.8% | $8K-61.9% | $16K-66.7% | $15K-67.4% | $13K-72.9% | $21K-40.0% | $48K+26.3% | $46K-23.3% |
| Free Cash Flow | -$1.7M-230.0% | $3.8M+17.8% | $1.4M-81.6% | -$388K-107.3% | $1.3M-60.6% | $3.3M-28.8% | $7.8M+480.0% | $5.3M+47.5% |
| Investing Cash Flow | -$6K+53.8% | -$8K+61.9% | -$16K+66.7% | -$15K+67.4% | -$13K+72.9% | -$21K+40.0% | -$48K-173.8% | -$46K+23.3% |
| Financing Cash Flow | -$1.9M+25.5% | -$3.3M+63.4% | $0+100.0% | -$1.5M+76.3% | -$2.6M+61.7% | -$8.9M-130.3% | -$1.8M+14.8% | -$6.5M+5.5% |
| Share Buybacks | $1.9M-22.4% | $3.3M-63.4% | $0-100.0% | $1.5M-75.0% | $2.5M-61.8% | $8.9M+130.3% | $2.3M-53.7% | $6.2M-10.3% |
Not reported in any period shown, so not listed: Dividends Paid.
TZOO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.4%-9.0pp | 78.4%-3.5pp | 81.2%-5.4pp | 79.6%-7.7pp | 78.4%-9.7pp | 82.0%-6.0pp | 86.7%-0.6pp | 87.3%+0.3pp |
| Operating Margin | -11.9%-20.5pp | 14.2%-2.2pp | 2.5%-21.0pp | 2.2%-17.9pp | 8.6%-10.4pp | 16.4%-9.0pp | 23.5%+2.3pp | 20.1%+5.0pp |
| Net Margin | -9.2%-15.1pp | 10.2%-3.5pp | -0.1%-15.7pp | 0.7%-15.2pp | 5.9%-8.0pp | 13.7%-5.6pp | 15.6%-2.0pp | 15.8%+4.4pp |
| Return on Assets | -4.5%-7.5pp | 4.9%-1.6pp | 0.0%-5.9pp | 0.3%-6.0pp | 3.0%-2.7pp | 6.4%-1.3pp | 5.9%-0.8pp | 6.3%+2.1pp |
| Current Ratio | 0.640.0x | 0.720.0x | 0.68-0.2x | 0.68-0.1x | 0.69-0.2x | 0.72-0.2x | 0.870.0x | 0.800.0x |
| Asset Turnover | 0.490.0x | 0.480.0x | 0.50+0.1x | 0.48+0.1x | 0.51+0.1x | 0.47+0.1x | 0.380.0x | 0.400.0x |
| FCF Margin | -7.2%-12.6pp | 15.8%+1.7pp | 6.4%-31.3pp | -1.8%-28.0pp | 5.4%-10.0pp | 14.1%-6.8pp | 37.7%+31.4pp | 26.3%+8.9pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$7.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.68), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Travelzoo TZOO | FY2025 | $91.7M | $4.7M | 5.1% | $54.9M | 47/100 |
| Sound Group Inc. SOGP | FY2025 | $443.7M | $31.6M | 7.1% | $45.3M | 49/100 |
| MoneyHero Limited MNY | FY2025 | $73.4M | -$5.2M | -7.0% | $29.6M | 28/100 |
| BuzzFeed, Inc. BZFD | FY2025 | $185.3M | -$57.7M | -31.2% | $97.3M | 16/100 |
| Strive, Inc. ASST | FY2024 | $3.6M | -$21.6M | N/A | $2.9B | 38/100 |
Where Travelzoo Ranks
Frequently Asked Questions
What is Travelzoo's annual revenue?
Travelzoo (TZOO) reported $91.7M in total revenue for fiscal year 2025. This represents a 9.3% 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.
How fast is Travelzoo's revenue growing?
Travelzoo (TZOO) revenue grew by 9.3% year-over-year, from $83.9M to $91.7M in fiscal year 2025.
Is Travelzoo profitable?
Yes, Travelzoo (TZOO) reported a net income of $4.7M in fiscal year 2025, with a net profit margin of 5.1%.
What is Travelzoo's EBITDA?
Travelzoo (TZOO) had EBITDA of $7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Travelzoo's gross margin?
Travelzoo (TZOO) had a gross margin of 80.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Travelzoo's operating margin?
Travelzoo (TZOO) had an operating margin of 7.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Travelzoo's net profit margin?
Travelzoo (TZOO) had a net profit margin of 5.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Travelzoo's free cash flow?
Travelzoo (TZOO) generated $5.6M in free cash flow during fiscal year 2025. This represents a -73.3% 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.
What is Travelzoo's operating cash flow?
Travelzoo (TZOO) generated $5.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Travelzoo's total assets?
Travelzoo (TZOO) had $45.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Travelzoo's capital expenditures?
Travelzoo (TZOO) invested $65K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Travelzoo spend on research and development?
Travelzoo (TZOO) invested $2.6M in research and development during fiscal year 2025.
What is Travelzoo's current ratio?
Travelzoo (TZOO) had a current ratio of 0.68 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Travelzoo's return on assets (ROA)?
Travelzoo (TZOO) had a return on assets of 10.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Travelzoo's P/E ratio?
Travelzoo (TZOO) trades at 116x earnings, its market capitalization divided by net income of $472K net income, trailing 12 months to June 30, 2026. The market capitalization is $54.9M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Travelzoo's price-to-sales ratio?
Travelzoo (TZOO) trades at 0.6x sales, its market capitalization divided by revenue of $92.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $54.9M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Travelzoo's debt-to-equity ratio negative or not reported?
Travelzoo (TZOO) has negative shareholder equity of -$7.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Travelzoo's Altman Z-Score?
Travelzoo (TZOO) has an Altman Z-Score of 3.16, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Travelzoo's Piotroski F-Score?
Travelzoo (TZOO) has a Piotroski F-Score of 5 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.
Are Travelzoo's earnings high quality?
Travelzoo (TZOO) has an earnings quality ratio of 1.20x, considered cash-backed (high quality). 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.
How financially healthy is Travelzoo?
Travelzoo (TZOO) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.