ZILLOW GROUP, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.6B | $2.2B | $1.9B | $2.0B | $2.1B |
| Cost of revenue | $668.0M | $527.0M | $421.0M | $367.0M | $323.0M |
| Gross profit | $1.9B | $1.7B | $1.5B | $1.6B | $1.8B |
| Research and development | $607.0M | $585.0M | $560.0M | $498.0M | $421.0M |
| Operating income | -$34.0M | -$197.0M | -$270.0M | -$93.0M | $239.0M |
| Pretax income | $25.0M | -$107.0M | -$154.0M | -$85.0M | $101.0M |
| Income tax expense | $2.0M | $5.0M | $4.0M | $3.0M | -$1.0M |
| Net income | $23.0M | -$112.0M | -$158.0M | -$101.0M | -$528.0M |
| Balance Sheet | |||||
| Cash and equivalents | $768.0M | $1.1B | $1.5B | $1.5B | $2.3B |
| Current assets | $2.1B | $2.3B | $3.1B | $3.6B | $7.7B |
| Total assets | $5.7B | $5.8B | $6.7B | $6.6B | $10.7B |
| Current liabilities | $679.0M | $831.0M | $971.0M | $270.0M | $3.9B |
| Total liabilities | $801.0M | $981.0M | $2.1B | $2.1B | $5.4B |
| Total debt | — | $563.0M | $1.7B | $1.7B | $1.4B |
| Stockholders' equity | $4.9B | $4.8B | $4.5B | $4.5B | $5.3B |
| Cash Flow Statement | |||||
| Cash from operations | $368.0M | $428.0M | $354.0M | $4.5B | -$3.2B |
| Depreciation and amortization | $264.0M | $240.0M | $187.0M | $157.0M | $130.0M |
| Stock-based compensation | $390.0M | $448.0M | $451.0M | $451.0M | $312.0M |
| Capital expenditure | $133.0M | $143.0M | $135.0M | $115.0M | $74.0M |
| Free cash flow | $235.0M | $285.0M | $219.0M | $4.4B | -$3.3B |
| Share repurchases | $670.0M | $301.0M | $424.0M | $947.0M | $302.0M |
| Impairments | $0 | $0 | $0 | $0 | — |
Shares outstanding 228.8M · Free float 49.1%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.