For the year ending 2025-12-31, ZG made $2,583M in revenue. $23M in net income. Net profit margin of 0.89%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenue | 2,583 | 2,236 | 1,945 | 1,958 |
| Cost of revenue | 668 | 527 | 421 | 367 |
| Gross profit | 1,915 | 1,709 | 1,524 | 1,591 |
| Sales and marketing | 843 | 790 | 658 | 664 |
| Technology and development | 607 | 585 | 560 | 498 |
| General and administrative | 497 | 524 | 553 | 498 |
| Impairment and restructuring costs | 2 | 6 | 19 | 24 |
| Acquisition-related costs | 0 | 1 | 4 | 0 |
| Integration costs | - | - | 0 | 0 |
| Total operating expenses | 1,949 | 1,906 | 1,794 | 1,684 |
| Loss from operations | -34 | -197 | -270 | -93 |
| Gain (loss) on extinguishment of debt | 0 | -1 | 1 | 0 |
| Other income, net | 77 | 127 | 151 | 43 |
| Interest expense | 18 | 36 | 36 | 35 |
| Income (loss) before income taxes | 25 | - | -154 | -85 |
| Income tax expense | 2 | 5 | 4 | 3 |
| Net income (loss) from continuing operations | - | - | -158 | -88 |
| Revenue | - | - | - | 4,249 |
| Cost of revenue | - | - | - | 4,023 |
| Gross profit (loss) | - | - | - | 226 |
| Sales and marketing | - | - | - | 153 |
| Technology and development | - | - | - | 6 |
| General and administrative | - | - | - | 10 |
| Impairment and restructuring costs | - | - | - | 25 |
| Total operating expenses | - | - | - | 194 |
| Income (loss) from discontinued operations | - | - | - | 32 |
| Loss on extinguishment of debt | - | - | - | -21 |
| Other income, net | - | - | - | 13 |
| Interest expense | - | - | - | 36 |
| Loss from discontinued operations before income taxes | - | - | - | -12 |
| Income tax benefit (expense) | - | - | - | 1 |
| Net loss from discontinued operations, net of income taxes | - | 0 | 0 | -13 |
| Net income (loss) | 23 | -112 | -158 | -101 |
| Denominator for basic calculation (in shares) | 241,930,000 | 234,077,000 | 233,575,000 | 242,163,000 |
| Net income (loss) per share - basic (usd per share) | 0.09 | -0.48 | -0.68 | -0.42 |
| Net income (loss) per share - diluted (usd per share) | 0.09 | -0.48 | -0.68 | -0.42 |
| Weighted-average shares outstanding - diluted (in shares) | 254,117,000 | 234,077,000 | 233,575,000 | 242,163,000 |
ZILLOW GROUP, INC. (ZG)
ZILLOW GROUP, INC. (ZG)