Every 10-Q that Travelzoo (TZOO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TZOO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TZOO filings page.
Travelzoo reported flat revenues but sharply weaker profitability for the six months ended June 30, 2026. Total revenue was $47.5 million, similar to $47.0 million a year earlier. The mix shifted: Advertising and Commerce revenue fell to $37.9 million from $41.6 million as management prioritized membership sales over ad insertion orders, while Membership Fees more than doubled to $9.6 million from $5.5 million, reflecting new and higher-priced paid memberships in key markets.
Costs rose meaningfully. Cost of revenues increased to $12.3 million from $9.3 million, mainly from higher costs tied to pre‑purchased vouchers, and sales and marketing climbed to $24.9 million from $21.7 million due to heavier member acquisition spending. As a result, operating income for the six‑month period dropped to $0.7 million from $5.9 million, and net income attributable to Travelzoo declined to $0.3 million from $4.6 million. In the second quarter alone, the company swung to a $2.1 million loss.
Liquidity remains positive but tighter. Cash, cash equivalents and restricted cash fell to $7.6 million from $10.8 million, largely due to $5.2 million spent repurchasing 700,000 shares under a new 1,000,000‑share buyback authorization. GAAP classification of $10.7 million of merchant payables as current produces negative net working capital of $14.3 million, though voucher redemptions and final merchant payments extend into 2027. Management expects existing cash to cover working capital for at least twelve months and reports no impairment indicators or material weaknesses in controls.
Travelzoo reported Q1 2026 revenue of $24.3 million, up from $23.1 million a year earlier. Growth was driven by membership fees, which rose to $4.6 million from $2.4 million, while advertising and commerce revenue declined to $19.7 million from $20.7 million.
Operating income slipped to $3.4 million from $3.8 million as cost of revenues and sales and marketing spending increased. Net income attributable to Travelzoo was $2.5 million, down from $3.2 million, with diluted EPS of $0.23 versus $0.26. Operating cash flow was $3.9 million, and the company repurchased 500,000 shares for about $3.3 million.
At March 31, 2026, cash and cash equivalents were $10.6 million, deferred revenue was $10.7 million, and merchant payables were $13.5 million, resulting in negative net working capital as all merchant payables are classified as current. Total stockholders’ equity was a deficit of $3.2 million, including a significant tax indemnification balance and non-controlling interest.
Travelzoo (TZOO) reported Q3 2025 results. Revenue rose to $22.2 million from $20.1 million as membership fees accelerated, but profit fell sharply. Operating income was $0.5 million versus $4.0 million a year ago, and net income attributable to Travelzoo was $0.2 million (EPS $0.01) versus $3.2 million (EPS $0.26). For the nine months, revenue was $69.2 million (vs. $63.2 million) with net income of $4.7 million (vs. $10.3 million).
Costs rose materially: sales and marketing expenses increased to $12.2 million from $8.3 million, compressing margins despite higher revenue. Cash and equivalents were $8.5 million at September 30, 2025, down from $17.1 million, reflecting $13.0 million of share repurchases year‑to‑date. Deferred revenue was $9.1 million, including $2.3 million for Jack’s Flight Club.
The balance sheet shows a stockholders’ equity deficit of $3.1 million, driven by repurchases and lower retained earnings; Travelzoo stockholders’ equity was $(8.1) million. Merchant payables were $11.8 million, contributing to negative working capital; management states cash on hand is expected to cover needs for at least the next twelve months.
Travelzoo reported mixed second-quarter 2025 results with revenue growth driven by commerce and subscription gains but lower profitability and a weaker balance sheet. Revenue rose to $23.9 million from $21.1 million a year earlier, led by higher Getaways voucher sales and a substantial increase in membership fees. Cost of revenues and higher member-acquisition spending drove gross margin and operating income lower: operating income fell to $2.06 million from $4.01 million, and net income attributable to Travelzoo declined to $1.40 million from $2.93 million. Cash and equivalents decreased to $10.4 million from $17.1 million at year-end, and the company reported negative total stockholders' equity of $(2.08) million versus $4.35 million previously. Deferred revenue increased to $8.5 million and merchant payables were $12.4 million. The report discloses concentrated ownership (Azzurro ~36.7%) and ongoing share repurchases and related-party consulting fees.