ZIP ZIPRECRUITER, INC.

Overview and Growth

In fiscal 2025, ZIPRECRUITER, INC. recorded $448.95M of revenue, net loss of $32.99M, and an operating cash inflow of $10.96M. At $448.95M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $474.00M in fiscal 2024, revenue decreased 5.3%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$0.37, adding a shareholder-level measure to the absolute income figures considered below. Total assets stood at $569.74M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.79x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $400.68M as gross profit before recognizing operating expenses and other items. Gross margin was 89.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $19.36M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 4.3%, showing the shortfall after operating costs. The bottom-line result was a net loss of $32.99M after operating, financing, tax, and other recognized items. Net margin was -7.3%, reflecting a loss equal to 7.3% of reported revenue. The pretax result was a loss of $30.62M, establishing the deficit before tax effects. Pretax margin was -6.8%, reflecting a pre-tax loss equal to 6.8% of revenue. The reported income-tax provision was $2.38M, the amount recognized between pretax income and the final net-income result. Relative to total assets, the net loss represented 5.8%.

Liquidity and Capital Structure

The company held $569.74M of assets against $646.94M of liabilities and -$77.20M of equity, revealing how the asset base was financed. With total equity at -$77.20M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. At period end, current assets of $448.85M compared with current liabilities of $70.90M, defining the company’s short-term resource position. At 6.33x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $188.03M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 265.2% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $544.78M, adding a fixed financing obligation alongside the company’s equity capital. Relative to total assets, debt measured 95.6%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 113.6%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 33.0% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $664.06M in fiscal 2024, the current asset base moved 14.2% and finished lower. Book equity was 674.8% lower than fiscal 2024 equity of $13.43M, showing how shareholder capital changed year over year. Cash and equivalents were 13.9% lower than fiscal 2024 cash of $218.43M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $10.96M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $1.08M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 9.8%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $9.88M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 2.2%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 1.7%, comparing post-investment cash with the balance-sheet asset base.

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