Zeta Global Holdings Corp Financials

ZETA

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 71/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Zeta Global Holdings Corp has an operating margin of -6.8%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -23.0% the prior year.

Growth

100

Zeta Global Holdings Corp's revenue surged 38.0% year-over-year to $1.0B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Zeta Global Holdings Corp carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.09, Zeta Global Holdings Corp holds $3.09 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Zeta Global Holdings Corp has a free cash flow margin of 10.8%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Neutral

5/9

Zeta Global Holdings Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-1.92x

For every $1 of reported earnings, Zeta Global Holdings Corp generates $-1.92 in operating cash flow ($133.9M OCF vs -$69.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-9.5x

Zeta Global Holdings Corp earns $-9.5 in operating income for every $1 of interest expense (-$67.9M vs $7.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Zeta Global Holdings Corp (ZETA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

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Key Financial Metrics

Revenue

$1.0B

YoY+38.0%

5Y CAGR+26.9%

Zeta Global Holdings Corp generated $1.0B in revenue in fiscal year 2024. This represents an increase of 38.0% from the prior year.

EBITDA

-$11.8M

YoY+89.9%

Zeta Global Holdings Corp's EBITDA was -$11.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 89.9% from the prior year.

Free Cash Flow

$108.1M

YoY+54.4%

5Y CAGR+31.7%

Zeta Global Holdings Corp generated $108.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 54.4% from the prior year.

Net Income

-$69.8M

YoY+62.8%

Zeta Global Holdings Corp reported -$69.8M in net income in fiscal year 2024. This represents an increase of 62.8% from the prior year.

EPS (Diluted)

$-0.38

YoY+68.3%

Zeta Global Holdings Corp earned $-0.38 per diluted share (EPS) in fiscal year 2024. This represents an increase of 68.3% from the prior year.

Cash & Debt

$366.2M

YoY+178.0%

5Y CAGR+57.5%

Zeta Global Holdings Corp held $366.2M in cash against $196.3M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

60.3%

YoY-2.1pp

5Y CAGR-3.7pp

Zeta Global Holdings Corp's gross margin was 60.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the prior year.

Operating Margin

-6.8%

YoY+16.3pp

5Y CAGR-1.0pp

Zeta Global Holdings Corp's operating margin was -6.8% in fiscal year 2024, reflecting core business profitability. This is up 16.3 percentage points from the prior year.

Net Margin

-6.9%

YoY+18.8pp

5Y CAGR+5.6pp

Zeta Global Holdings Corp's net profit margin was -6.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 18.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$90.7M

YoY+22.8%

5Y CAGR+25.9%

Zeta Global Holdings Corp invested $90.7M in research and development in fiscal year 2024. This represents an increase of 22.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$25.7M

YoY+25.6%

5Y CAGR+50.8%

Zeta Global Holdings Corp invested $25.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 25.6% from the prior year.

ZETA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.0B+38.0%	$728.7M+23.3%	$591.0M+28.9%	$458.3M+24.5%	$368.1M+20.3%	$306.1M
Cost of Revenue	$399.6M+45.6%	$274.5M+27.4%	$215.5M+23.3%	$174.7M+17.4%	$148.9M+34.9%	$110.4M
Gross Profit	$606.2M+33.5%	$454.2M+21.0%	$375.5M+32.4%	$283.6M+29.4%	$219.2M+12.0%	$195.7M
R&D Expenses	$90.7M+22.8%	$73.9M+6.4%	$69.5M+7.7%	$64.5M+102.9%	$31.8M+10.8%	$28.7M
SG&A Expenses	$204.6M-0.4%	$205.4M-3.8%	$213.6M+12.7%	$189.6M+167.6%	$70.8M-3.4%	$73.3M
Operating Income	-$67.9M+59.5%	-$167.7M+35.3%	-$259.0M-4.3%	-$248.4M-2976.2%	-$8.1M+53.9%	-$17.5M
Interest Expense	$7.1M-34.7%	$10.9M+49.8%	$7.3M+3.8%	$7.0M-56.7%	$16.3M+4.9%	$15.5M
Income Tax	-$5.2M-599.1%	$1.0M+169.6%	-$1.5M-149.3%	-$598K-165.1%	$919K-8.9%	$1.0M
Net Income	-$69.8M+62.8%	-$187.5M+32.9%	-$279.2M-11.9%	-$249.6M-368.9%	-$53.2M-38.4%	-$38.5M
EPS (Diluted)	$-0.38+68.3%	$-1.20+40.3%	$-2.01+31.9%	$-2.95-32.3%	$-2.23-26.0%	$-1.77

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$337.2M+9.3%	$308.4M+16.6%	$264.4M-16.0%	$314.7M+38.1%	$227.8M+16.9%	$194.9M-7.3%	$210.3M+11.3%	$189.0M
Cost of Revenue	$133.2M+13.9%	$117.0M+13.0%	$103.5M-17.8%	$125.9M+38.3%	$91.1M+18.5%	$76.9M-9.1%	$84.6M+15.2%	$73.5M
Gross Profit	$203.9M+6.5%	$191.5M+19.0%	$160.9M-14.7%	$188.7M+38.0%	$136.8M+15.8%	$118.1M-6.1%	$125.7M+8.8%	$115.5M
R&D Expenses	$29.8M-2.5%	$30.6M+14.2%	$26.8M+10.4%	$24.3M+2.8%	$23.6M+18.2%	$20.0M+0.2%	$19.9M+10.4%	$18.1M
SG&A Expenses	$56.4M-9.3%	$62.2M+15.1%	$54.0M-0.2%	$54.1M+5.8%	$51.2M+4.8%	$48.8M-5.0%	$51.4M+1.4%	$50.7M
Operating Income	$8.8M+271.4%	-$5.1M+68.3%	-$16.1M-332.8%	$6.9M+126.0%	-$26.6M+25.9%	-$35.9M-12.6%	-$31.9M+14.3%	-$37.2M
Interest Expense	-$180K-208.4%	$166K-49.8%	$331K+1847.1%	$17K-99.3%	$2.6M-2.5%	$2.6M-6.3%	$2.8M-3.2%	$2.9M
Income Tax	$840K-29.5%	$1.2M-27.5%	$1.6M+126.3%	-$6.3M-1387.7%	$486K+22.7%	$396K+760.0%	-$60K-110.2%	$590K
Net Income	-$3.6M+71.6%	-$12.8M+40.7%	-$21.6M-241.8%	$15.2M+154.3%	-$28.1M+29.1%	-$39.6M-12.1%	-$35.3M+18.1%	-$43.1M
EPS (Diluted)	$-0.02+66.7%	$-0.06+40.0%	$-0.10-200.0%	$0.10+162.5%	$-0.16+30.4%	$-0.23-9.5%	$-0.21+22.2%	$-0.27

ZETA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.1B+101.8%	$550.7M+18.1%	$466.5M+17.4%	$397.3M+38.8%	$286.3M	N/A
Current Assets	$616.5M+99.0%	$309.8M+31.0%	$236.4M+20.6%	$196.1M+38.7%	$141.4M	N/A
Cash & Equivalents	$366.2M+178.0%	$131.7M+8.8%	$121.1M+16.6%	$103.9M+104.7%	$50.7M+34.1%	$37.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$235.2M+38.3%	$170.1M+60.0%	$106.3M+27.2%	$83.6M+5.3%	$79.4M	N/A
Goodwill	$326.0M+131.4%	$140.9M+5.9%	$133.1M+16.2%	$114.5M+49.8%	$76.4M-2.2%	$78.2M
Total Liabilities	$434.6M+17.4%	$370.2M+9.4%	$338.5M+10.3%	$306.8M-41.6%	$525.5M	N/A
Current Liabilities	$199.3M+13.0%	$176.4M+37.0%	$128.7M+21.7%	$105.8M+1.7%	$104.0M	N/A
Long-Term Debt	$196.3M+6.6%	$184.1M+0.1%	$184.0M+0.2%	$183.6M-3.2%	$189.7M	N/A
Total Equity	$676.8M+274.9%	$180.5M+41.0%	$128.0M+41.5%	$90.5M+137.8%	-$239.2M-28.4%	-$186.3M
Retained Earnings	-$1.0B-7.3%	-$958.5M-24.3%	-$771.1M-56.8%	-$491.8M-103.0%	-$242.3M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$1.2B+4.6%	$1.1B+1.2%	$1.1B-2.1%	$1.1B+90.3%	$583.9M+6.1%	$550.3M-0.1%	$550.7M+7.7%	$511.3M
Current Assets	$689.1M+9.3%	$630.2M+4.7%	$601.8M-2.4%	$616.5M+77.4%	$347.6M+11.8%	$310.9M+0.4%	$309.8M+14.9%	$269.5M
Cash & Equivalents	$385.2M+5.4%	$365.3M+0.3%	$364.4M-0.5%	$366.2M+136.7%	$154.7M+9.2%	$141.6M+7.5%	$131.7M+9.1%	$120.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$272.3M+8.5%	$251.0M+12.2%	$223.8M-4.9%	$235.2M+28.7%	$182.8M+13.8%	$160.6M-5.6%	$170.1M+21.2%	$140.4M
Goodwill	$317.4M-0.1%	$317.7M-2.6%	$326.0M0.0%	$326.0M+131.4%	$140.9M0.0%	$140.9M0.0%	$140.9M0.0%	$140.9M
Total Liabilities	$461.6M+8.1%	$426.8M+3.9%	$411.0M-5.4%	$434.6M+18.5%	$366.8M+2.3%	$358.7M-3.1%	$370.2M+2.4%	$361.6M
Current Liabilities	$228.8M+18.0%	$193.8M+7.2%	$180.8M-9.3%	$199.3M+13.3%	$176.0M+7.0%	$164.4M-6.8%	$176.4M+8.5%	$162.5M
Long-Term Debt	$196.9M+0.1%	$196.7M+0.1%	$196.5M+0.1%	$196.3M+6.5%	$184.4M+0.1%	$184.2M+0.1%	$184.1M+0.1%	$184.0M
Total Equity	$689.2M+2.4%	$673.3M-0.5%	$676.6M0.0%	$676.8M+211.8%	$217.0M+13.3%	$191.6M+6.1%	$180.5M+20.5%	$149.8M
Retained Earnings	-$1.1B-0.3%	-$1.1B-1.2%	-$1.0B-2.1%	-$1.0B-0.2%	-$1.0B-2.8%	-$998.1M-4.1%	-$958.5M-3.8%	-$923.3M

ZETA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$133.9M+47.9%	$90.5M+15.3%	$78.5M+77.2%	$44.3M+24.6%	$35.5M+16.1%	$30.6M
Capital Expenditures	$25.7M+25.6%	$20.5M-7.9%	$22.2M+134.5%	$9.5M+321.6%	$2.2M-31.8%	$3.3M
Free Cash Flow	$108.1M+54.4%	$70.0M+24.5%	$56.3M+61.6%	$34.8M+4.6%	$33.3M+21.9%	$27.3M
Investing Cash Flow	-$97.6M-80.0%	-$54.2M-11.9%	-$48.4M-3.4%	-$46.8M-85.9%	-$25.2M+59.1%	-$61.7M
Financing Cash Flow	$197.9M+871.6%	-$25.7M-103.2%	-$12.6M-122.7%	$55.7M+1902.6%	$2.8M-90.1%	$28.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$57.9M+37.7%	$42.0M+20.8%	$34.8M-20.3%	$43.7M+40.4%	$31.1M+26.1%	$24.7M-8.5%	$27.0M+18.1%	$22.8M
Capital Expenditures	$5.5M+133.0%	$2.3M-14.1%	$2.7M-66.9%	$8.3M+22.4%	$6.8M+16.2%	$5.8M+3.8%	$5.6M-5.7%	$5.9M
Free Cash Flow	$52.4M+32.1%	$39.7M+23.8%	$32.1M-9.5%	$35.4M+45.4%	$24.4M+29.2%	$18.9M-11.7%	$21.4M+26.5%	$16.9M
Investing Cash Flow	-$10.6M-20.6%	-$8.8M-18.8%	-$7.4M+89.1%	-$68.0M-500.7%	-$11.3M-19.8%	-$9.5M-8.2%	-$8.7M+6.8%	-$9.4M
Financing Cash Flow	-$27.3M+14.7%	-$32.0M-8.6%	-$29.4M-4.2%	-$28.2M-317.2%	-$6.8M-30.5%	-$5.2M+28.5%	-$7.2M+24.8%	-$9.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ZETA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	60.3%-2.1pp	62.3%-1.2pp	63.5%+1.7pp	61.9%+2.3pp	59.6%-4.4pp	63.9%
Operating Margin	-6.8%+16.3pp	-23.0%+20.8pp	-43.8%+10.4pp	-54.2%-52.0pp	-2.2%+3.5pp	-5.7%
Net Margin	-6.9%+18.8pp	-25.7%+21.5pp	-47.3%+7.2pp	-54.4%-40.0pp	-14.5%-1.9pp	-12.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-6.3%+27.8pp	-34.0%+25.8pp	-59.9%+3.0pp	-62.8%-44.2pp	-18.6%	N/A
Current Ratio	3.09+1.3	1.76-0.1	1.84-0.0	1.85+0.5	1.36	N/A
Debt-to-Equity	0.29-0.7	1.02-0.4	1.44-0.6	2.03+2.8	-0.79	N/A
FCF Margin	10.8%+1.1pp	9.6%+0.1pp	9.5%+1.9pp	7.6%-1.4pp	9.0%+0.1pp	8.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	60.5%-1.6pp	62.1%+1.2pp	60.9%+0.9pp	60.0%-0.0pp	60.0%-0.6pp	60.6%+0.8pp	59.8%-1.3pp	61.1%
Operating Margin	2.6%+4.3pp	-1.7%+4.4pp	-6.1%-8.3pp	2.2%+13.9pp	-11.7%+6.7pp	-18.4%-3.3pp	-15.2%+4.5pp	-19.7%
Net Margin	-1.1%+3.1pp	-4.2%+4.0pp	-8.2%-13.0pp	4.8%+17.2pp	-12.3%+8.0pp	-20.3%-3.5pp	-16.8%+6.0pp	-22.8%
Return on Equity	N/A	N/A	N/A	2.3%	N/A	N/A	N/A	N/A
Return on Assets	-0.3%+0.8pp	-1.2%+0.8pp	-2.0%-3.4pp	1.4%+6.2pp	-4.8%+2.4pp	-7.2%-0.8pp	-6.4%+2.0pp	-8.4%
Current Ratio	3.01-0.2	3.25-0.1	3.33+0.2	3.09+1.1	1.98+0.1	1.89+0.1	1.76+0.1	1.66
Debt-to-Equity	0.290.0	0.290.0	0.290.0	0.29-0.6	0.85-0.1	0.96-0.1	1.02-0.2	1.23
FCF Margin	15.6%+2.7pp	12.9%+0.7pp	12.1%+0.9pp	11.3%+0.6pp	10.7%+1.0pp	9.7%-0.5pp	10.2%+1.2pp	8.9%

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Frequently Asked Questions

What is Zeta Global Holdings Corp's annual revenue?

Zeta Global Holdings Corp (ZETA) reported $1.0B in total revenue for fiscal year 2024. This represents a 38.0% 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 Zeta Global Holdings Corp's revenue growing?

Zeta Global Holdings Corp (ZETA) revenue grew by 38% year-over-year, from $728.7M to $1.0B in fiscal year 2024.

Is Zeta Global Holdings Corp profitable?

No, Zeta Global Holdings Corp (ZETA) reported a net income of -$69.8M in fiscal year 2024, with a net profit margin of -6.9%.

What is Zeta Global Holdings Corp's earnings per share (EPS)?

Zeta Global Holdings Corp (ZETA) reported diluted earnings per share of $-0.38 for fiscal year 2024. This represents a 68.3% 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.

What is Zeta Global Holdings Corp's EBITDA?

Zeta Global Holdings Corp (ZETA) had EBITDA of -$11.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Zeta Global Holdings Corp have?

As of fiscal year 2024, Zeta Global Holdings Corp (ZETA) had $366.2M in cash and equivalents against $196.3M in long-term debt.

What is Zeta Global Holdings Corp's gross margin?

Zeta Global Holdings Corp (ZETA) had a gross margin of 60.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Zeta Global Holdings Corp's operating margin?

Zeta Global Holdings Corp (ZETA) had an operating margin of -6.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Zeta Global Holdings Corp's net profit margin?

Zeta Global Holdings Corp (ZETA) had a net profit margin of -6.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Zeta Global Holdings Corp's free cash flow?

Zeta Global Holdings Corp (ZETA) generated $108.1M in free cash flow during fiscal year 2024. This represents a 54.4% 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 Zeta Global Holdings Corp's operating cash flow?

Zeta Global Holdings Corp (ZETA) generated $133.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Zeta Global Holdings Corp's total assets?

Zeta Global Holdings Corp (ZETA) had $1.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Zeta Global Holdings Corp's capital expenditures?

Zeta Global Holdings Corp (ZETA) invested $25.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Zeta Global Holdings Corp spend on research and development?

Zeta Global Holdings Corp (ZETA) invested $90.7M in research and development during fiscal year 2024.

What is Zeta Global Holdings Corp's current ratio?

Zeta Global Holdings Corp (ZETA) had a current ratio of 3.09 as of fiscal year 2024, which is generally considered healthy.

What is Zeta Global Holdings Corp's debt-to-equity ratio?

Zeta Global Holdings Corp (ZETA) had a debt-to-equity ratio of 0.29 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Zeta Global Holdings Corp's return on assets (ROA)?

Zeta Global Holdings Corp (ZETA) had a return on assets of -6.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Zeta Global Holdings Corp's Piotroski F-Score?

Zeta Global Holdings Corp (ZETA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Zeta Global Holdings Corp's earnings high quality?

Zeta Global Holdings Corp (ZETA) has an earnings quality ratio of -1.92x, considered mixed 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.

Can Zeta Global Holdings Corp cover its interest payments?

Zeta Global Holdings Corp (ZETA) has an interest coverage ratio of -9.5x, 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.

How financially healthy is Zeta Global Holdings Corp?

Zeta Global Holdings Corp (ZETA) scores 71 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.