Ziff Davis (ZD)

Nasdaq Communication Services Advertising S&P SmallCap 600

$49.61

-4.67 (-8.60%)

Close of Nov 06, 2026 · end-of-day data

Source: Ziff Davis's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$874.25M	$1.12B	$1.21B	$1.05B	$1.16B	$1.42B	$1.39B	$1.36B	$1.40B	$1.45B
Cost of revenue	$147.10M	$172.31M	$201.07M	$187.33M	$178.40M	$188.05M	$184.55M	$185.65M	$200.32M	$206.60M
Gross profit	$727.15M	$945.52M	$1.01B	$863.13M	$980.43M	$1.23B	$1.21B	$1.18B	$1.20B	$1.24B
Research & development	$38.05M	$46.00M	$48.37M	$44.65M	$57.15M	$78.87M	$74.09M	$68.86M	$67.37M	$61.96M
Operating income	$242.57M	$245.71M	$244.28M	$88.22M	$138.34M	$167.34M	$198.94M	$132.61M	$113.65M	$183.09M
Interest expense	$42.70M	$59.20M	$63.50M	$26.10M	$58.10M	$79.60M	$37.10M	$41.60M	$35.30M	$37.60M
Pre-tax income	$211.44M	$199.97M	$177.59M	$54.82M	$78.35M	$351.35M	$131.15M	$74.97M	$93.19M	$80.75M
Income tax	$59.00M	$60.54M	$44.76M	$13.76M	$38.35M	-$14.20M	$57.96M	$24.14M	$41.37M	$25.45M
Net income	$152.44M	$139.43M	$128.69M	$218.81M	$150.67M	$496.71M	$63.76M	$41.50M	$63.05M	$47.35M
EBITDA	$364.66M	$407.75M	$431.45M	$320.25M	$367.08M	$425.64M	$432.34M	$369.58M	$325.56M	$411.78M
EPS (basic)	$3.15	$2.89	$2.64	$4.52	$3.24	$10.81	$1.36	$0.89	$1.42	$1.16
EPS (diluted)	$3.13	$2.83	$2.59	$4.39	$3.18	$10.37	$1.36	$0.89	$1.42	$1.15
Diluted shares	47.96M	48.67M	48.93M	49.03M	47.12M	47.86M	47.03M	46.46M	44.52M	41.10M
Gross margin	83.2%	84.6%	83.3%	82.2%	84.6%	86.7%	86.7%	86.4%	85.7%	85.8%
Operating margin	27.7%	22.0%	20.2%	8.4%	11.9%	11.8%	14.3%	9.7%	8.1%	12.6%
Net margin	17.4%	12.5%	10.7%	20.8%	13.0%	35.1%	4.6%	3.0%	4.5%	3.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$123.95M	$350.94M	$209.47M	$575.62M	$176.44M	$694.84M	$652.79M	$737.61M	$505.88M	$573.78M
Short-term investments	$60.00K	—	—	$0	$663.00K	$229.20M	$58.42M	$27.11M	$0	—
Receivables	$199.87M	$234.19M	$221.62M	$261.93M	$309.55M	$316.34M	$304.74M	$337.70M	$660.22M	$623.44M
Total current assets	$348.00M	$620.43M	$460.33M	$886.89M	$622.84M	$1.30B	$1.08B	$1.19B	$1.27B	$1.37B
Goodwill	$1.12B	$1.20B	$1.38B	$1.31B	$1.52B	$1.53B	$1.59B	$1.55B	$1.58B	$1.35B
Total assets	$2.06B	$2.45B	$2.56B	$3.51B	$3.67B	$3.77B	$3.53B	$3.47B	$3.70B	$3.66B
Total current liabilities	$454.09M	$265.10M	$307.32M	$833.10M	$882.55M	$497.24M	$432.45M	$431.83M	$899.65M	$1.07B
Short-term debt	$0	$0	$0	$385.53M	$396.80M	$54.61M	$0	—	$0	$148.69M
Long-term debt	$601.75M	$1.00B	$1.01B	$1.06B	$1.18B	$1.04B	$999.05M	$1.00B	$864.28M	$717.82M
Total debt	$601.75M	$1.00B	$1.01B	$1.45B	$1.58B	$1.09B	$999.05M	$1.00B	$864.28M	$866.50M
Total liabilities	$1.15B	$1.43B	$1.53B	$2.19B	$2.45B	$1.80B	$1.64B	$1.58B	$1.89B	$1.91B
Shareholders' equity	$914.54M	$1.02B	$1.04B	$1.31B	$1.21B	$1.97B	$1.89B	$1.89B	$1.81B	$1.75B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$282.39M	$264.42M	$401.32M	$412.54M	$480.08M	$516.54M	$336.44M	$319.96M	$390.31M	$407.07M
Capital expenditures	$24.75M	$39.59M	$56.38M	$70.59M	$92.55M	$113.74M	$106.15M	$108.73M	$106.64M	$119.20M
Free cash flow	$257.64M	$224.82M	$344.95M	$341.95M	$387.53M	$402.80M	$230.29M	$211.23M	$283.68M	$287.87M
Investing cash flow	-$448.86M	-$158.49M	-$406.61M	-$505.27M	-$586.22M	$59.09M	-$220.77M	-$127.41M	-$297.45M	-$145.75M
Financing cash flow	$41.15M	$111.82M	-$131.36M	$456.69M	-$234.63M	-$113.09M	-$140.83M	-$114.79M	-$320.99M	-$170.29M
Dividends paid	$65.83M	$73.47M	$82.57M	$43.92M	$0	$0	—	—	—	—
Share buybacks	$56.50M	$9.85M	$47.10M	$20.80M	$275.65M	$78.33M	$78.29M	$108.53M	$185.18M	$173.79M
Stock-based compensation	$13.65M	$22.74M	$28.09M	$23.92M	$24.01M	$25.25M	$26.60M	$31.92M	$40.91M	$44.93M
Depreciation & amortization	$122.09M	$162.04M	$187.17M	$232.03M	$228.74M	$258.30M	$233.40M	$236.97M	$211.92M	$228.69M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$389.88M	$314.49M	$320.80M	$353.58M	$412.82M	$272.82M	$294.80M	$306.53M	$577.12M	$267.64M	$286.74M	$289.33M
Cost of revenue	$36.97M	$45.89M	$50.02M	$51.17M	$53.24M	$40.40M	$40.66M	$44.01M	$81.53M	$44.32M	$45.71M	$43.64M
Gross profit	$352.91M	$268.60M	$270.78M	$302.41M	$359.58M	$232.41M	$254.14M	$262.52M	$495.59M	$223.32M	$241.03M	$245.69M
Research & development	$15.53M	$17.77M	$16.80M	$15.26M	$17.55M	$13.92M	$14.20M	$13.32M	$20.53M	$13.64M	$14.37M	$13.63M
Operating income	$80.72M	$35.86M	$28.57M	-$29.30M	$78.52M	$14.47M	$13.77M	$11.41M	$143.44M	$2.93M	-$44.72M	-$33.61M
Pre-tax income	$76.05M	$19.50M	$35.08M	-$35.96M	$74.57M	$6.80M	$9.12M	-$7.96M	$72.78M	-$3.28M	-$51.08M	-$31.96M
Income tax	$12.96M	$8.23M	$6.99M	$12.54M	$13.61M	$3.62M	-$69.00K	$8.04M	$13.86M	$2.64M	$941.00K	-$3.33M
Net income	$63.42M	$10.63M	$36.91M	-$48.58M	$64.09M	$24.24M	$26.34M	-$3.60M	$370.00K	$22.26M	$624.46M	-$28.69M
EBITDA	$150.35M	$84.31M	$80.71M	$22.05M	$138.49M	$70.30M	$71.38M	$68.73M	$201.37M	$52.72M	$2.15M	$12.07M
EPS (basic)	$1.36	$0.23	$0.81	$-1.11	$1.44	$0.57	$0.63	$-0.09	$0.03	$0.59	$17.16	$-0.85
EPS (diluted)	$1.36	$0.23	$0.77	$-1.11	$1.44	$0.57	$0.63	$-0.09	$0.02	$0.59	$17.16	$-0.85
Diluted shares	-148.40K	45.96M	50.67M	43.92M	-568.58K	42.77M	41.75M	40.56M	-612.44K	37.60M	36.38M	33.75M
Gross margin	90.5%	85.4%	84.4%	85.5%	87.1%	85.2%	86.2%	85.6%	85.9%	83.4%	84.1%	84.9%
Operating margin	20.7%	11.4%	8.9%	-8.3%	19.0%	5.3%	4.7%	3.7%	24.9%	1.1%	-15.6%	-11.6%
Net margin	16.3%	3.4%	11.5%	-13.7%	15.5%	8.9%	8.9%	-1.2%	0.1%	8.3%	217.8%	-9.9%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$737.61M	$734.78M	$687.23M	$386.12M	$505.88M	$431.01M	$457.26M	$503.37M	$573.78M	$519.72M	$1.61B	$1.41B
Short-term investments	$27.11M	$16.40M	$0	$0	$0	—	—	—	—	—	—	—
Receivables	$337.70M	$446.88M	$450.39M	$470.55M	$660.22M	$517.86M	$523.01M	$473.16M	$623.44M	$397.46M	$418.85M	$400.42M
Total current assets	$1.19B	$1.29B	$1.23B	$951.02M	$1.27B	$1.07B	$1.10B	$1.12B	$1.37B	$1.44B	$2.08B	$1.87B
Goodwill	$1.55B	$1.62B	$1.63B	$1.57B	$1.58B	$1.60B	$1.62B	$1.61B	$1.35B	$1.34B	$1.29B	$1.26B
Total assets	$3.47B	$3.73B	$3.66B	$3.42B	$3.70B	$3.52B	$3.52B	$3.48B	$3.66B	$3.39B	$4.00B	$3.72B
Total current liabilities	$431.83M	$663.33M	$643.80M	$667.39M	$899.65M	$704.77M	$692.84M	$698.01M	$1.07B	$863.72M	$963.33M	$795.57M
Short-term debt	—	—	—	—	$0	—	—	—	$148.69M	$148.81M	$148.94M	$149.06M
Long-term debt	$1.00B	$1.00B	$1.00B	$863.74M	$864.28M	$864.83M	$865.38M	$865.94M	$717.82M	$718.26M	$718.70M	$719.15M
Total debt	$1.00B	$1.00B	$1.00B	$863.74M	$864.28M	$864.83M	$865.38M	$865.94M	$866.50M	$867.07M	$867.64M	$868.22M
Total liabilities	$1.58B	$1.83B	$1.79B	$1.67B	$1.89B	$1.69B	$1.68B	$1.68B	$1.91B	$1.67B	$1.76B	$1.59B
Shareholders' equity	$1.89B	$1.90B	$1.87B	$1.75B	$1.81B	$1.82B	$1.84B	$1.80B	$1.75B	$1.72B	$2.24B	$2.13B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$92.12M	$75.56M	$50.56M	$105.96M	$158.23M	$20.61M	$57.07M	$138.30M	$191.08M	$29.95M	$88.96M	-$77.10M
Capital expenditures	$26.25M	$28.13M	$25.50M	$25.84M	$27.16M	$25.62M	$30.13M	$30.14M	$33.31M	$33.13M	$35.00M	$22.97M
Free cash flow	$65.87M	$47.43M	$25.06M	$80.12M	$131.07M	-$5.01M	$26.94M	$108.16M	$157.77M	-$3.17M	$53.96M	-$100.06M
Investing cash flow	-$22.67M	-$71.48M	-$11.66M	-$181.43M	-$32.88M	-$64.83M	-$6.77M	-$44.77M	-$29.38M	-$33.21M	$1.09B	-$22.97M
Financing cash flow	$2.02M	-$6.31M	-$85.45M	-$231.34M	$2.10M	-$35.01M	-$31.88M	-$44.58M	-$58.83M	-$53.49M	-$120.29M	-$98.96M
Share buybacks	$1.19M	$3.92M	$84.00M	$96.05M	$1.20M	$34.90M	$33.93M	$44.39M	$60.57M	$51.59M	$121.46M	$91.98M
Stock-based compensation	$7.53M	$8.87M	$11.60M	$10.16M	$10.28M	$9.75M	$11.73M	$12.20M	$11.25M	$10.91M	$12.98M	$12.84M
Depreciation & amortization	$69.63M	$48.45M	$52.14M	$51.35M	$59.97M	$55.83M	$57.61M	$57.32M	$57.93M	$49.78M	$46.87M	$45.68M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.