ZGZILLOW GROUP, INC.
Services-Business Services, NEC
- Revenue
- $2.6B
- 16% YoY
- Operating margin
- -1.3%
- 85% YoY
- EBITDA
- $230M
- 435% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -1.5×
- −$342M net debt
- AI in 10-K
- —
Red flags 3 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear16× net incomeCash flow under 80% of net income
- Dilutive SBCFired15% of revenueOver 10% of revenue
- Payouts exceed cash flowFired182% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired53% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $1.9B | $2.2B | $2.6B | 16% |
| Operating income | $239M | −$93M | −$270M | −$197M | −$34M | 83% |
| Net income | −$528M | −$101M | −$158M | −$112M | $23M | 121% |
| Operating cash flow | −$3.2B | $4.5B | $354M | $428M | $368M | 14% |
| Capex | $74M | $115M | $135M | $143M | $133M | 7.0% |
| Stock-based comp | $312M | $451M | $451M | $448M | $390M | 13% |
| Buybacks | $302M | $947M | $424M | $301M | $670M | 123% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 50 | 138 |
| FY2024 | — | — | 52 | 115 |
| FY2023 | — | — | 42 | 87 |
| FY2022 | — | — | 23 | 59 |
| FY2021 | — | — | 46 | 98 |