ZILLOW GROUP, INC.

Listed Company

ZCIK 0001617640NasdaqLarge AcceleratedServices-Business Services, NecWashingtonFY ends Dec 31

Period

FY 2025

Revenue

$2.58B

Net Income

$23.00M

Total Assets

$5.68B

Equity

$4.88B

Shares Out

—

Op. Cash Flow

$368.00M

Z$33.09−53.38% · past yearDBEQ Basic

Daily closing prices

Business

Zillow Group is a residential real estate platform and marketplace that connects hundreds of millions of U.S. consumers with agents, loan officers, and digital solutions through its leading websites and mobile apps. The company offers core services including property search and valuation tools (Zestimate), agent-commission-based lead distribution, mortgage origination through Zillow Home Loans, and a rentals marketplace for renters and property managers. Its business spans for-sale transactions, mortgage financing, rentals advertising and management, and software tools for real estate professionals, organized into Residential (for-sale and agent services), Mortgages, and Rentals segments.

Summary from 10-K filed 2026-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	2,583	2,236	1,945	1,958	2,132
Cost of revenue	668	527	421	367	323
Gross profit	1,915	1,709	1,524	1,591	1,809
Sales and marketing	843	790	658	664	715
Technology and development	607	585	560	498	421
General and administrative	497	524	553	498	414
Impairment and restructuring costs	2	6	19	24	—
Acquisition-related costs	0	1	4	0	9
Total operating expenses	1,949	1,906	1,794	1,684	1,570
Loss from operations	−34	−197	−270	−93	239
Gain (loss) on extinguishment of debt	0	−1	1	0	−17
Other income, net	77	127	151	43	7
Interest expense	−18	−36	−36	−35	−128
Income (loss) before income taxes	25	−107	−154	−85	101
Income tax expense	−2	−5	−4	−3	1
Net income (loss)	23	−112	−158	−101	−528
Net income (loss) per share - basic (usd per share)	0.09	−0.48	−0.68	−0.42	−2.11
Net income (loss) per share - diluted (usd per share)	0.09	−0.48	−0.68	−0.42	−2.02
Denominator for basic calculation (in shares)	242	234	234	242	250
Weighted-average shares outstanding - diluted (in shares)	254	234	234	242	262

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	768	1,082	1,492	1,466	2,315
Short-term investments	527	776	1,318	1,896	514
Accounts receivable, net	149	104	96	72	77
Mortgage loans held for sale	386	159	100	41	107
Prepaid expenses and other current assets	287	210	140	126	140
Restricted cash	5	3	3	2	1
Total current assets	2,122	2,334	3,149	3,603	7,680
Contract cost assets	27	25	23	23	35
Property and equipment, net	350	360	328	271	215
Right of use assets	56	59	73	126	130
Goodwill	2,823	2,823	2,817	2,374	2,374
Intangible assets, net	279	207	241	154	176
Other assets	28	21	21	12	3
Total assets	5,685	5,829	6,652	6,563	10,695
Accounts payable	36	30	28	20	11
Accrued expenses and other current liabilities	134	105	107	90	89
Accrued compensation and benefits	62	57	47	48	61
Borrowings under credit facilities	364	145	93	37	113
Deferred revenue	69	62	52	44	51
Lease liabilities, current portion	14	14	37	31	24
Convertible senior notes	0	418	607	0	—
Total current liabilities	679	831	971	270	3,882
Lease liabilities, net of current portion	79	83	95	139	148
Other long-term liabilities	43	67	60	12	5
Total liabilities	801	981	2,126	2,081	5,354
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, $0.0001 par value; authorized 30,000,000 shares; no shares issued and outstanding	0	0	0	0	0
Common stock/capital stock	0	0	—	—	—
Additional paid-in capital	6,741	6,733	6,301	6,109	7,001
Accumulated other comprehensive income (loss)	2	−3	−5	−15	7
Accumulated deficit	−1,859	−1,882	−1,770	−1,612	−1,667
Total shareholders equity	4,884	4,848	4,526	4,482	5,341
Total liabilities and shareholders equity	5,685	5,829	6,652	6,563	10,695

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	264	240	187	157	130
Share-based compensation	390	448	451	451	312
Amortization of right of use assets	8	10	35	23	23
Amortization of contract cost assets	21	19	21	30	42
Impairment costs	2	6	16	0	—
Accretion of bond discount	−9	−27	−35	−18	—
Other adjustments to reconcile net income (loss) to net cash provided by operating activities	6	19	2	24	3
Accounts receivable	−45	−8	−24	82	−82
Mortgage loans held for sale	−227	−59	−59	66	224
Prepaid expenses and other assets	−82	−74	−17	6	−82
Contract cost assets	−23	−21	−21	−18	−26
Lease liabilities	−11	−35	−30	−21	−29
Accounts payable	6	2	6	3	5
Accrued expenses and other current liabilities	31	0	−18	−71	61
Accrued compensation and benefits	5	10	−1	−60	13
Deferred revenue	7	8	1	−7	1
Other long-term liabilities	2	2	−2	7	−12
Net cash provided by operating activities	368	428	354	4,504	−3,177
Proceeds from maturities of investments	411	1,042	1,287	802	2,206
Proceeds from sales of investments	61	237	0	0	0
Purchases of investments	−211	−706	−664	−2,191	−516
Purchases of property and equipment	−133	−143	−135	−115	−74
Purchases of intangible assets	−134	−28	−30	−25	−31
Cash paid for acquisitions, net	0	−7	−433	−4	−497
Net cash provided by (used in) investing activities	−6	395	25	−1,533	1,088
Net borrowings on warehouse line of credit and repurchase agreements	219	52	56	−76	−197
Repurchases of Class A common stock and Class C capital stock	−670	−301	−424	−947	−302
Settlement of convertible senior notes	−419	−1,196	−56	−1,158	−1
Settlement of capped call transactions	38	0	0	—	—
Proceeds from exercise of stock options	188	212	72	46	127
Payment for Contingent Consideration Liability, Financing Activities	−30	0	0	—	—
Net cash used in financing activities	−674	−1,233	−352	−4,341	3,148
Net increase (decrease) in cash, cash equivalents and restricted cash during period	−312	−410	27	−1,370	1,059
Cash paid for interest	18	35	28	50	109
Cash paid for taxes	3	6	6	6	0
Write-off of fully depreciated property and equipment	145	85	63	—	—
Write-off of fully amortized intangible assets	64	24	5	203	58
Capitalized share-based compensation	62	72	73	51	30
Initial fair value of contingent consideration recognized in connection with an acquisition	0	0	81	0	0
Value of Class C capital stock issued in connection with an acquisition	0	0	20	0	0

Filings

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Frequently asked questions

What is ZILLOW GROUP, INC.'s CIK number?

ZILLOW GROUP, INC.'s SEC CIK number is 0001617640 (1617640). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find ZILLOW GROUP, INC.'s SEC filings?

All of ZILLOW GROUP, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did ZILLOW GROUP, INC. last report earnings?

ZILLOW GROUP, INC. (Z) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001617640-26-000038). This is ZILLOW GROUP, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is ZILLOW GROUP, INC.'s most recent earnings 8-K?

ZILLOW GROUP, INC.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001617640-26-000038. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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