Welcome to our dedicated page for Zillow Group SEC filings (Ticker: ZG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page centralizes SEC filings for Zillow Group, Inc. (NASDAQ: Z, ZG), giving investors and researchers direct access to the company’s regulatory disclosures. Zillow Group files a variety of documents with the U.S. Securities and Exchange Commission that describe its financial performance, capital structure and significant corporate events.
Among these filings are current reports on Form 8‑K. For example, an 8‑K dated August 6, 2025 notes that Zillow Group issued a press release, supporting tables and a shareholder letter announcing financial results for the quarter ended June 30, 2025. Another 8‑K dated August 25, 2025 describes agreements to unwind and terminate capped call transactions originally entered into in connection with its 1.375% Convertible Senior Notes due 2026, and explains that the company expects to receive Class C shares and cash, reducing its Class C capital stock outstanding.
On Stock Titan, these and other filings are presented alongside AI-powered summaries designed to explain the purpose and implications of each document in accessible language. As new reports are posted to the SEC’s EDGAR system, they are reflected here, allowing users to monitor items such as current reports on material events, periodic financial updates and other disclosures that Zillow Group chooses to furnish or file.
For users analyzing ZG, this page offers a structured view into how the company communicates with regulators and shareholders about its operations, financing activities and market communications, complementing the housing data and news that Zillow Group publishes through its own channels.
Zillow Group reported strong growth and a return to profitability for Q4 and full-year 2025. Q4 revenue rose 18% year over year to $654 million, while full-year revenue grew 16% to $2.58 billion, far outpacing the U.S. residential real estate industry’s 3% growth.
GAAP net income was $3 million in Q4 and $23 million for 2025, compared with losses in 2024, as net income margin improved to 1%. Q4 Adjusted EBITDA reached $149 million and $622 million for the full year, with margins expanding to 23% and 24% on revenue growth and cost discipline.
Growth was broad-based: Q4 For Sale revenue rose 11% to $475 million, including 39% growth in mortgages revenue on a 67% jump in purchase originations to $1.5 billion. Rentals revenue surged 45% to $168 million, driven by 63% multifamily growth. Zillow ended 2025 with $1.3 billion in cash and investments and generated $420 million of Adjusted free cash flow, while repurchasing or receiving 12.6 million shares. For 2026, the company targets mid-teens revenue growth and further Adjusted EBITDA margin expansion.
Zillow Group filed a notice of proposed sale of 84,168 shares of its Common Class C stock, with an aggregate market value of $4,598,435.00. The shares are to be sold through Charles Schwab & Co., Inc. on the NASDAQ, with an approximate sale date of 02/09/2026.
The seller acquired these shares on 02/09/2026 via an employee stock option exercise, using a broker payment for a cashless exercise. Zillow Group had 186,200,151 shares of this class outstanding, providing context for the size of this proposed sale.
FMR LLC and Abigail P. Johnson report beneficial ownership of 8,962,396.03 shares of Zillow Group Inc. Class C capital stock, representing 4.8% of that class as of December 31, 2025.
FMR LLC has sole voting power over 8,826,153.04 shares and sole dispositive power over 8,962,396.03 shares, while Abigail P. Johnson has sole dispositive power over the same 8,962,396.03 shares but no voting power. They state the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Zillow Group. One or more other persons may receive dividends or sale proceeds, but no such person holds more than 5% of the outstanding Class C shares.
Zillow Group, Inc. entered into a new Credit Agreement providing a $500 million revolving credit facility, which may be increased by an additional $250 million under specified conditions. As of January 30, 2026, no amounts were drawn.
The revolving loans can be borrowed and repaid until January 30, 2031, and may be prepaid or the commitments reduced without penalty. Borrowings will bear interest at either an Alternate Base Rate plus 0.25%–0.75% or SOFR plus 1.25%–1.75%, depending on Zillow’s total net leverage ratio, and an unused commitment fee of 0.25% applies.
The facility includes customary covenants, including a maximum Total Net Leverage Ratio of 3.75:1.00, with a 0.75:1.00 step-up allowed for four fiscal quarters following a Qualified Acquisition, up to two times. Obligations are guaranteed by Zillow Group, MFTB Holdco, Inc. and certain subsidiaries, and are secured by a first-priority lien on substantially all of their assets. Proceeds may be used for general corporate purposes.
Norges Bank, the central bank of Norway, reports beneficial ownership of 2,415,055 shares of Zillow Group Inc Class A common stock, representing 4.9% of that share class as of 12/31/2025. Norges Bank has sole voting and dispositive power over 2,228,493 of these shares and shared dispositive power over an additional 186,562 shares.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Zillow. Certain shares are invested on behalf of the Government of Norway, reflecting Norges Bank’s role as an institutional investment adviser.
Zillow Group, Inc. (ZG) Form 144 shows a proposed sale of 1,712 Class C common shares via Charles Schwab with an aggregate market value of $137,877 and an approximate sale date of 09/23/2025. The filer reports acquiring these shares on 09/23/2025 by an employee stock option exercise and using a broker payment for a cashless exercise. The filing also discloses multiple insider sales by Lloyd D. Frink during July–September 2025, including a single large sale of 250,000 shares on 08/14/2025 for $21,250,000, and other transactions totaling substantial gross proceeds across the period. The notice includes the standard attestation that the seller is not aware of undisclosed material adverse information.
Zillow Group insider sales notice under Rule 144 shows proposed sale of 3,333 Class C shares via Charles Schwab on 09/22/2025 with an aggregate market value of $275,461. The filing records that those shares were acquired the same day through an employee stock option exercise with a cashless broker payment. The filing also lists multiple sales by Lloyd D. Frink over the prior three months, including a large sale of 250,000 shares for $21,250,000 on 08/14/2025, and several smaller sales totaling tens of thousands of shares and millions in gross proceeds.
Zillow Group, Inc. (ZG) filed a Form 144 reporting a proposed sale of 3,333 Class C common shares on 09/11/2025 through Charles Schwab, with an aggregate market value of $294,924. The shares were acquired the same day by employee stock option exercise and will be sold via a cashless exercise through the broker. The filing also lists recent sales by Lloyd D. Frink totaling multiple transactions between July and September 2025, including a single large sale of 250,000 shares for $21,250,000 on 08/14/2025. The filer attests there is no undisclosed material adverse information.
David A. Beitel, Chief Technology Officer and Director of Zillow Group, reported an insider sale. On 09/08/2025 he disposed of 22,510 shares of Class C Capital Stock at a weighted average sale price of $90.9708, in multiple transactions at prices ranging from $90.74 to $91.21. After the sale he beneficially owned 144,549 shares. The Form 4 was executed by an attorney-in-fact and dated 09/10/2025. The filing provides transaction quantities, price range, and remaining beneficial ownership.
Insider option exercise and sale at Zillow Group — Choo Jun, Zillow Group Chief Operating Officer, exercised 25,575 fully vested stock options with an exercise price of $38.78 on 09/08/2025 and immediately sold 25,575 Class C shares the same day at a weighted average sale price of approximately $91.0612 (individual trade prices ranged $90.74–$91.36). After these transactions, Mr. Choo beneficially owned 114,129 Class C shares, down from 139,704. The Form 4 was signed by an attorney-in-fact on 09/10/2025. The filing notes the option was fully vested and exercisable and that sale prices reflect multiple transactions.