Tearsheet

ZipRecruiter (ZIP)


Market Price (12/24/2025): $4.265 | Market Cap: $368.0 Mil
Sector: Communication Services | Industry: Interactive Media & Services

ZipRecruiter (ZIP)


Market Price (12/24/2025): $4.265
Market Cap: $368.0 Mil
Sector: Communication Services
Industry: Interactive Media & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Cloud Computing, and E-commerce & Digital Retail. Themes include AI Software Platforms, Show more.
Weak multi-year price returns
2Y Excs Rtn is -115%, 3Y Excs Rtn is -154%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -27 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.1%
1   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -21%, Rev Chg QQuarterly Revenue Change % is -1.8%
2   Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16%
4   Key risks
ZIP key risks include [1] limited competitive differentiation due to its AI strategy and lack of an Applicant Tracking System (ATS), Show more.
0 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Cloud Computing, and E-commerce & Digital Retail. Themes include AI Software Platforms, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -115%, 3Y Excs Rtn is -154%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -27 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.1%
3 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -21%, Rev Chg QQuarterly Revenue Change % is -1.8%
4 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16%
6 Key risks
ZIP key risks include [1] limited competitive differentiation due to its AI strategy and lack of an Applicant Tracking System (ATS), Show more.

Valuation, Metrics & Events

ZIP Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

**1. ZipRecruiter's Q2 2025 Financial Results indicated a challenging period.**

The company reported a 9.2% year-over-year revenue decline to $112.2 million for the second quarter of 2025 and a net loss of $9.5 million. This performance was attributed to a "historically challenging" labor market. Following this announcement on August 11, 2025, ZipRecruiter's stock declined by 12.91% to $3.47.

**2. A persistently soft labor market continued to impact the company's performance.**

Throughout the period, ZipRecruiter's management consistently noted the challenges posed by a soft labor market, which affected hiring demand. This environment led to employers persistently decreasing hiring and fewer job switches by currently employed individuals.

**3. The Q3 2025 earnings report revealed ongoing net losses and a year-over-year revenue decline.**

For the third quarter of 2025, announced on November 5, 2025, ZipRecruiter reported a net loss of $9.8 million and an adjusted EBITDA margin of 8%, which was flat compared to the previous quarter. While revenue of $115 million surpassed forecasts, it still represented a 2% decline year-over-year. The stock experienced a minor drop of less than 2% in after-hours trading following this report.

**4. Decreasing revenue per paid employer highlighted muted hiring demand.**

Revenue per paid employer for Q3 2025 was $1,717, a 4% decrease year-over-year, which management attributed to muted demand for hiring. This metric indicated ongoing pressure on the company's profitability from its customer base.

**5. Cautious financial outlook and guidance for Q4 2025 reflected continued market uncertainty.**

ZipRecruiter's guidance for Q4 2025 anticipated revenue between $109 million and $115 million, with the midpoint representing a modest 1% increase year-over-year. This outlook assumed a continuation of the stable but subdued hiring environment observed in Q3, rather than a significant recovery. Show more

Stock Movement Drivers

Fundamental Drivers

The -10.5% change in ZIP stock from 9/23/2025 to 12/23/2025 was primarily driven by a -14.3% change in the company's P/S Multiple.
923202512232025Change
Stock Price ($)4.764.26-10.50%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)450.40448.30-0.47%
P/S Multiple0.960.82-14.33%
Shares Outstanding (Mil)90.5786.304.72%
Cumulative Contribution-10.70%

LTM = Last Twelve Months as of date shown

Market Drivers

9/23/2025 to 12/23/2025
ReturnCorrelation
ZIP-10.5% 
Market (SPY)3.7%37.6%
Sector (XLC)-0.9%46.5%

Fundamental Drivers

The -15.8% change in ZIP stock from 6/24/2025 to 12/23/2025 was primarily driven by a -23.7% change in the company's P/S Multiple.
624202512232025Change
Stock Price ($)5.064.26-15.81%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)461.83448.30-2.93%
P/S Multiple1.070.82-23.68%
Shares Outstanding (Mil)98.0786.3012.00%
Cumulative Contribution-17.02%

LTM = Last Twelve Months as of date shown

Market Drivers

6/24/2025 to 12/23/2025
ReturnCorrelation
ZIP-15.8% 
Market (SPY)13.7%39.5%
Sector (XLC)11.9%37.0%

Fundamental Drivers

The -39.7% change in ZIP stock from 12/23/2024 to 12/23/2025 was primarily driven by a -41.2% change in the company's P/S Multiple.
1223202412232025Change
Stock Price ($)7.074.26-39.75%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)498.90448.30-10.14%
P/S Multiple1.400.82-41.24%
Shares Outstanding (Mil)98.4886.3012.38%
Cumulative Contribution-40.67%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2024 to 12/23/2025
ReturnCorrelation
ZIP-39.7% 
Market (SPY)16.7%37.9%
Sector (XLC)20.6%38.1%

Fundamental Drivers

The -73.8% change in ZIP stock from 12/24/2022 to 12/23/2025 was primarily driven by a -59.2% change in the company's P/S Multiple.
1224202212232025Change
Stock Price ($)16.264.26-73.80%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)914.31448.30-50.97%
P/S Multiple2.010.82-59.22%
Shares Outstanding (Mil)113.0686.3023.67%
Cumulative Contribution-75.27%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2023 to 12/23/2025
ReturnCorrelation
ZIP-70.0% 
Market (SPY)48.4%38.0%
Sector (XLC)64.9%36.4%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
ZIP Return0%104%-34%-15%-48%-37%-63%
Peers Return47%65%-31%14%-10%-15%46%
S&P 500 Return16%27%-19%24%23%17%114%

Monthly Win Rates [3]
ZIP Win Rate0%42%25%50%25%42% 
Peers Win Rate53%70%33%45%40%45% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
ZIP Max Drawdown0%0%-42%-37%-49%-52% 
Peers Max Drawdown-40%-4%-41%-25%-28%-38% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: MSFT, UPWK, DHX, RHI, MAN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)

How Low Can It Go

Unique KeyEventZIPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-67.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven211.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to Z, CHAI, WSHP, GOOGL, META

In The Past

ZipRecruiter's stock fell -67.9% during the 2022 Inflation Shock from a high on 11/16/2021. A -67.9% loss requires a 211.2% gain to breakeven.

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About ZipRecruiter (ZIP)

ZipRecruiter, Inc., together with its subsidiaries, operates a marketplace that connects job seekers and employers. Its platform is a two-sided marketplace, which enables employers to post jobs and access other features, where the job seekers are able to apply to jobs with a single click. The company was incorporated in 2010 and is headquartered in Santa Monica, California.

AI Analysis | Feedback

  • Like Amazon for the job market.
  • Like Match.com for connecting job seekers and employers.
  • Like Indeed, but with AI doing more of the matching.

AI Analysis | Feedback

  • Job Posting & Candidate Sourcing for Employers: Enables businesses to post job openings across hundreds of job boards and leverage AI matching to find qualified candidates.
  • Job Search & Application for Job Seekers: Provides job seekers with access to a vast database of job listings and AI-powered recommendations for suitable employment opportunities.
  • AI-Powered Matching Technology: A proprietary system that intelligently connects job seekers with relevant jobs and employers with the most fitting candidates.

AI Analysis | Feedback

Company: ZipRecruiter (Symbol: ZIP)

ZipRecruiter primarily sells its services to other companies (B2B) that are looking to hire talent. These companies are its paying customers, utilizing the platform to post job listings, access candidate resumes, and manage their hiring processes.

ZipRecruiter does not have any major customers that individually account for a significant portion of its revenue. According to its annual reports (e.g., Form 10-K for the fiscal year ended December 31, 2023), no single customer accounted for more than 1% of its total revenue for 2023, 2022, or 2021. This indicates a highly diversified customer base, preventing the identification of specific "major" named customer companies.

Instead, ZipRecruiter's customer base can be described by the following categories of businesses:

  • Small and Medium-sized Businesses (SMBs): A vast segment of its customer base comprises SMBs across a wide range of industries that use ZipRecruiter to efficiently find and hire candidates for various positions.
  • Enterprise Businesses: Larger organizations and corporations that leverage ZipRecruiter's platform, often integrating it into their broader talent acquisition strategies to fulfill their diverse hiring requirements.

AI Analysis | Feedback

  • Amazon.com, Inc. (AMZN)
  • Alphabet Inc. (GOOGL)
  • Meta Platforms (META)

AI Analysis | Feedback

Ian Siegel, Chief Executive Officer & Co-Founder

Ian Siegel is a co-founder and the Chief Executive Officer of ZipRecruiter, leading the company with a focus on improving the hiring experience through a data-driven approach. Prior to co-founding ZipRecruiter in 2010, Siegel held executive product and technology leadership roles at various companies. His career includes positions at CitySearch, Stamps.com, Rent.com (an eBay company), MyLife.com, Pictage.com, Ticketmaster/CitySearch.com, and WarnerBros.com. ZipRecruiter has raised over $200 million from investors including IVP, Industry Ventures, and Basepoint Ventures.

Timothy Yarbrough, EVP, Chief Financial Officer

Timothy Yarbrough has served as ZipRecruiter's EVP, Chief Financial Officer since July 2022, and previously held other management positions within the company, including Chief Financial Officer, Chief Business Officer, and Senior Vice President of Finance. Before joining ZipRecruiter, Yarbrough was the Finance Director at Convertro, Inc., through its acquisition by AOL.com. He also held multiple financial, strategic, and operational roles at Qualcomm, Inc., including Manager of Financial Planning and Analysis, Finance Manager in Wireless Connectivity, and Strategy & Finance Professional in the Strategic Finance group of FLO TV.

Dave Travers, President

Dave Travers is the President of ZipRecruiter. Prior to joining ZipRecruiter, he was the Co-Founder and Co-Managing Partner of Basepoint Ventures and a Partner at Rustic Canyon Partners. He also worked in the National Security Council at the White House.

Amy Garefis, EVP, Chief Accounting Officer & Chief People Officer

Amy Garefis is the EVP, Chief Accounting Officer & Chief People Officer at ZipRecruiter, overseeing the People Team, and previously served as the Chief Accounting Officer. Before her time at ZipRecruiter, she was the Vice President and Controller for a large broker-dealer, and held management roles at a boutique technology investment bank and at Sony Pictures.

Boris Shimanovsky, EVP, Chief Technology Officer

Boris Shimanovsky is the EVP, Chief Technology Officer at ZipRecruiter, leading all engineering and technology functions. Prior to joining ZipRecruiter, he held the position of SVP of Engineering at Foursquare and was the Chief Technology Officer at Factual.

AI Analysis | Feedback

The key risks to ZipRecruiter's business are primarily driven by macroeconomic conditions, intense market competition, and ongoing profitability challenges.

  1. Macroeconomic Headwinds and Soft Labor Market: ZipRecruiter's business is highly sensitive to the overall health of the economy and the labor market. A persistently weak US job market, characterized by macroeconomic uncertainty, persistent inflation, and recession fears, directly translates to slower hiring, reduced job openings, and declining revenue for the company. This "Great Freeze" in the labor market, where employers delay expansion and prioritize retention, significantly impacts ZipRecruiter's ability to generate revenue from job postings.
  2. Intense Competition and Limited Differentiation: The online employment sector is highly competitive, with ZipRecruiter facing off against larger rivals such as Indeed and LinkedIn. While ZipRecruiter leverages AI-based features to match job seekers and employers, some analyses suggest that its AI investments may not offer a substantial or long-term competitive differentiation compared to competitors. Additionally, the company is noted for lacking an end-to-end solution like an Applicant Tracking System (ATS), which some competitors offer, potentially limiting its appeal to certain employers.
  3. Unprofitability and Financial Structure: ZipRecruiter has experienced a return to unprofitability, reporting net losses in recent quarters. The company's financial health shows a reliance on debt financing and, as of Q3 2025, had negative shareholder equity, partly attributed to aggressive share repurchases. High operating expenses and substantial investments in product development further contribute to pressure on its adjusted EBITDA margins. Analysts project continued unprofitability in the near term, with slower revenue growth compared to the broader US market.

AI Analysis | Feedback

The clear emerging threat to ZipRecruiter comes from the rapid advancement and deployment of **generative AI and large language models (LLMs)** by new market entrants or significantly re-architected platforms. These next-generation AI technologies have the potential to fundamentally disrupt the online recruitment process by offering vastly superior capabilities in candidate matching, intelligent screening, automated initial interviews, personalized outreach, and even the dynamic creation of job descriptions and candidate profiles. A platform built from the ground up to leverage these advanced AI capabilities could offer employers a significantly more efficient, accurate, and cost-effective solution for talent acquisition, potentially rendering existing employment marketplaces, including ZipRecruiter, less competitive by establishing a new paradigm for how companies discover and engage with talent.

AI Analysis | Feedback

The addressable markets for ZipRecruiter's main products and services, primarily online recruitment and job board software, are substantial.

Online Recruitment Market

  • Globally, the online recruitment market was valued at approximately USD 35.82 billion in 2024 and is projected to reach USD 38.15 billion in 2025. This market is expected to grow to USD 63.14 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 6.5% during the forecast period of 2025–2033.
  • In the U.S., the online recruitment market accounted for approximately 45% of the global online recruitment market share in 2024. The U.S. online recruitment services market revenue was USD 5.2 billion in 2024 and is projected to reach USD 15.5 billion by 2032, growing at a CAGR of 15% during 2025–2032. Another source indicates the U.S. online recruitment market size is $17.7 billion in 2024 and $18.8 billion in 2025.

Job Board Software Market

  • The global job board software market size was valued at USD 567.27 million in 2024 and is projected to reach USD 611.4 million in 2025, eventually touching USD 1113.35 million by 2033, expanding at a CAGR of 7.78% during the forecast period from 2025 to 2033. North America accounts for approximately 41% of the global job board software market.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for ZipRecruiter (ZIP) over the next 2-3 years:

  1. Growth in Quarterly Paid Employers and Enterprise Customer Adoption: ZipRecruiter has demonstrated recent sequential and year-over-year increases in quarterly paid employers, signaling a positive trend in employer engagement. The company is also seeing increased adoption of its automated campaign optimization solutions by enterprise customers, which is contributing to stronger performance-based revenue growth.
  2. Product Innovation and Integration of AI-driven Solutions: ZipRecruiter is focusing on accelerating the rollout of generative AI recruiting products, such as ZipIntro and automated candidate matching for small and medium-sized businesses (SMBs). This innovation aims to enhance user outcomes and capture greater market share. The company has already observed a significant sequential increase in site visits from generative AI models.
  3. Leveraging an Improving Labor Market and Market Share Gains: Despite a historically soft labor market, ZipRecruiter's management anticipates a return to modest year-over-year revenue growth by Q4 2025, which would mark the first such increase since Q3 2022. The company is positioned to gain market share as broader hiring trends recover, with the potential "end of the 'great stay'" acting as a tailwind to revive hiring levels.
  4. Growth in Performance-Based Revenue: ZipRecruiter has experienced notable quarter-over-quarter growth in performance-based revenue, marking its largest sequential increase in over three years in Q3 2025. This suggests successful strategies in enhancing these revenue streams, which are expected to continue contributing to overall revenue expansion.

AI Analysis | Feedback

Share Repurchases

  • In Q3 2025, ZipRecruiter repurchased 2.2 million shares for a total of $10 million.
  • In Q2 2025, the company repurchased 10.2 million shares of its Class A common stock for a total of $56.5 million.
  • As of November 5, 2025, approximately $129.2 million remained available for future repurchases under the company's $750 million share repurchase program. The Board of Directors had authorized an additional $100 million for this program on August 8, 2025, increasing the total authorization to $750 million.

Share Issuance

  • Shares are issued through equity compensation plans, with the fully diluted capitalization including shares reserved for outstanding stock options and restricted stock units.
  • A shareholder filed a Form 144 notice to sell 6,069 shares of common stock acquired as Restricted Stock Units on September 15, 2025.
  • In 2020, the company had net proceeds of $2.4 million from the exercise of stock options and $25.0 million from the issuance of convertible notes with related parties.

Outbound Investments

  • ZipRecruiter acquired Break Room, a UK-based employer rating site, as a strategic initiative in Q4 2024.

Capital Expenditures

  • For the trailing twelve months (TTM) ended June 2025, ZipRecruiter's cash flow for capital expenditures was approximately -$8.59 million.
  • In Q2 2025, cash flow for capital expenditures was -$1.7 million.
  • Capital expenditures are primarily focused on investing in innovative product initiatives, technology, and AI capabilities to expand the business.

Better Bets than ZipRecruiter (ZIP)

Trade Ideas

Select ideas related to ZIP. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper11302025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.4%-0.4%-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025TMUST-Mobile USMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-5.2%-5.2%-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ZZillowMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-3.4%-3.4%-5.1%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE11072025IRDMIridium CommunicationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.7%5.7%-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-27.4%-27.4%-29.8%
ZIP_6302022_Dip_Buyer_High_CFO_Margins_ExInd_DE06302022ZIPZipRecruiterDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
10.5%19.8%-1.9%

Recent Active Movers

More From Trefis

Peer Comparisons for ZipRecruiter

Peers to compare with:

Financials

ZIPMSFTUPWKDHXRHIMANMedian
NameZipRecru.MicrosoftUpwork DHI Robert H.Manpower. 
Mkt Price4.26486.8520.821.5527.2729.0324.05
Mkt Cap0.43,618.82.70.12.71.32.0
Rev LTM448293,8127811315,45817,6443,120
Op Inc LTM-27135,93711511118226117
FCF LTM878,01720110237-93105
FCF 3Y Avg5671,3021176410104111
CFO LTM16147,03922318292-35121
CFO 3Y Avg66121,38413521462170152

Growth & Margins

ZIPMSFTUPWKDHXRHIMANMedian
NameZipRecru.MicrosoftUpwork DHI Robert H.Manpower. 
Rev Chg LTM-10.1%15.6%2.5%-9.1%-7.3%-2.4%-4.9%
Rev Chg 3Y Avg-20.7%13.2%9.7%-2.7%-9.1%-4.7%-3.7%
Rev Chg Q-1.8%18.4%4.1%-9.0%-7.5%2.3%0.3%
QoQ Delta Rev Chg LTM-0.5%4.3%1.0%-2.4%-2.0%0.6%0.1%
Op Mgn LTM-6.1%46.3%14.7%8.1%2.2%1.3%5.1%
Op Mgn 3Y Avg3.6%44.6%5.5%6.1%5.0%1.7%5.2%
QoQ Delta Op Mgn LTM-0.4%0.6%1.0%2.7%-0.8%-0.0%0.3%
CFO/Rev LTM3.5%50.0%28.6%13.9%5.4%-0.2%9.6%
CFO/Rev 3Y Avg10.9%47.2%17.7%14.8%7.5%0.9%12.9%
FCF/Rev LTM1.8%26.6%25.7%7.4%4.3%-0.5%5.9%
FCF/Rev 3Y Avg9.2%28.0%15.4%4.6%6.6%0.5%7.9%

Valuation

ZIPMSFTUPWKDHXRHIMANMedian
NameZipRecru.MicrosoftUpwork DHI Robert H.Manpower. 
Mkt Cap0.43,618.82.70.12.71.32.0
P/S0.812.33.50.50.50.10.7
P/EBIT-46.527.824.0-5.423.07.915.4
P/E-8.634.511.1-5.217.5-64.33.0
P/CFO23.424.612.33.89.3-38.110.8
Total Yield-11.7%3.6%9.0%-19.3%14.3%3.8%3.7%
Dividend Yield0.0%0.7%0.0%0.0%8.6%5.4%0.3%
FCF Yield 3Y Avg5.6%2.3%6.3%6.2%6.8%2.0%5.9%
D/E1.50.00.10.60.11.20.4
Net D/E0.4-0.0-0.10.5-0.01.00.2

Returns

ZIPMSFTUPWKDHXRHIMANMedian
NameZipRecru.MicrosoftUpwork DHI Robert H.Manpower. 
1M Rtn0.9%3.1%16.5%-13.9%0.0%6.0%2.0%
3M Rtn-10.5%-4.2%5.9%-44.8%-17.5%-20.2%-14.0%
6M Rtn-15.8%-0.3%56.2%-39.2%-31.5%-25.4%-20.6%
12M Rtn-39.7%12.7%25.7%-12.4%-59.2%-46.7%-26.1%
3Y Rtn-73.8%108.8%99.6%-67.5%-58.3%-60.6%-59.4%
1M Excs Rtn-3.7%-1.5%11.9%-18.5%-4.6%1.3%-2.6%
3M Excs Rtn-11.3%-8.5%0.4%-50.3%-23.6%-28.0%-17.4%
6M Excs Rtn-24.9%-14.2%42.2%-54.0%-44.2%-37.8%-31.4%
12M Excs Rtn-60.1%-5.6%10.4%-35.8%-76.9%-64.5%-47.9%
3Y Excs Rtn-153.7%24.4%11.8%-148.0%-137.5%-139.7%-138.6%

Financials

Segment Financials

Revenue by Segment
$ Mil2024202320222021
Single Segment646   
Performance-based 20814171
Subscription 696600347
Total646905741418


Price Behavior

Price Behavior
Market Price$4.26 
Market Cap ($ Bil)0.4 
First Trading Date04/14/2011 
Distance from 52W High-47.3% 
   50 Days200 Days
DMA Price$4.63$4.97
DMA Trenddownup
Distance from DMA-7.9%-14.4%
 3M1YR
Volatility60.8%68.8%
Downside Capture187.18212.58
Upside Capture102.21130.99
Correlation (SPY)40.5%38.1%
ZIP Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta2.422.262.222.861.351.41
Up Beta3.275.025.825.261.331.44
Down Beta-2.360.740.831.630.901.08
Up Capture354%268%145%200%141%150%
Bmk +ve Days13263974142427
Stock +ve Days13223159113361
Down Capture256%184%202%263%145%110%
Bmk -ve Days7162452107323
Stock -ve Days7192861127375

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
null
Based On 5-Year Data
null
Based On 10-Year Data
null

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity6,210,064
Short Interest: % Change Since 111520250.3%
Average Daily Volume700,058
Days-to-Cover Short Interest8.87
Basic Shares Quantity86,295,000
Short % of Basic Shares7.2%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/20254.9%17.0%31.2%
8/11/202510.9%26.7%35.9%
5/8/2025-23.6%-7.0%11.6%
2/25/2025-15.9%-13.5%-8.8%
11/6/202411.8%1.7%-17.9%
8/7/202413.7%12.1%25.7%
5/9/2024-11.3%-8.3%-12.5%
2/22/2024-6.0%-7.8%-14.2%
...
SUMMARY STATS   
# Positive10109
# Negative9910
Median Positive11.6%12.6%21.4%
Median Negative-10.3%-12.5%-12.2%
Max Positive16.4%26.7%68.1%
Max Negative-23.6%-26.6%-36.4%

SEC Filings

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Report DateFiling DateFiling
93020251105202510-Q 9/30/2025
6302025811202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024225202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024807202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022227202310-K 12/31/2022
93020221109202210-Q 9/30/2022
6302022815202210-Q 6/30/2022
3312022513202210-Q 3/31/2022
12312021303202210-K 12/31/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Garefis AmyEVP, Chief People Officer11202025Sell3.992,84711,357832,741Form
1SHIMANOVSKY BORIS F.EVP, Chief Technology Officer11202025Sell4.007,33029,3461,305,094Form
2SAKAMOTO RYAN T.EVP, Chief Legal Officer11202025Sell4.102,44110,002474,552Form
3YARBROUGH TIMOTHY G.EVP, Chief Financial Officer11052025Sell4.056,06924,609317,162Form
4SIEGEL IAN H.CHIEF EXECUTIVE OFFICER11052025Sell4.239,72241,1441,152,881Form