ZD ZIFF DAVIS, INC.

Overview and Growth

Fiscal 2025 results for ZIFF DAVIS, INC. combined $1.45B of revenue with net income of $47.35M and an operating cash inflow of $407.07M. The $1.45B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 3.5% from $1.40B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $1.15, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS decreased by 19.0% from $1.42 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 0.4x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $1.24B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 85.8% of revenue, showing how much of the top line remained after direct costs. Operations produced $183.09M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 12.6% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $47.35M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 3.3% margin after operating costs and the remaining recognized items. The company recognized $25.45M of income tax for the period, completing the transition from pretax income to net income. Return on period-end equity was 2.7%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 1.3%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

At period end, the $3.66B asset base was financed through $1.91B of liabilities and $1.75B of equity. At period end, current assets of $1.37B compared with current liabilities of $1.07B, defining the company’s short-term resource position. At 1.27x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $607.01M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 56.5%, excluding receivables and other current assets. Borrowings totaled $866.50M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.49x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 23.7% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 52.1%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 16.6%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 1.1% from $3.70B in fiscal 2024, leaving current total assets lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $407.07M, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 8.6x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $119.20M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 29.3%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $287.87M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 19.8%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 7.9%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.