Tearsheet

ZipRecruiter (ZIP)


Market Price (6/23/2026): $2.995 | Market Cap: $250.6 MilSector: Communication Services | Industry: Interactive Media & Services

ZipRecruiter (ZIP)


Market Price (6/23/2026): $2.995
Market Cap: $250.6 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 -106%, 3Y Excs Rtn is -153%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -9.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.1%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 65%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 35x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -19%, Rev Chg QQuarterly Revenue Change % is -2.3%

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 -14%

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 -106%, 3Y Excs Rtn is -153%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -9.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.1%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 65%
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 35x
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -19%, Rev Chg QQuarterly Revenue Change % is -2.3%
6 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 -14%
7 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.

ZIP in ETFs

Weight = ZIP's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
IWO0.01%
VTWO0.01%
SCHA0.00%
IWV0.00%
SCHB0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/22/2026

ZipRecruiter (ZIP) stock has gained about 65% since 2/28/2026 because of the following key factors:

1. Better-than-expected Fiscal Q1 2026 Financial Performance.

ZipRecruiter reported its fiscal Q1 2026 earnings on May 6, 2026, where the company's net loss narrowed significantly to $4.7 million, compared to a $12.8 million loss in the prior year's comparable quarter. Adjusted EBITDA increased by 64.4% year-over-year to $9.7 million, surpassing the high end of the company's guidance range. Although revenue for the quarter decreased 2% year-over-year to $107.5 million, it still exceeded the Zacks Consensus Estimate by 1.60%. Furthermore, the reported EPS of -$0.06 beat the Zacks Consensus Estimate of -$0.15 by 60%.

2. Strategic Focus on AI-Powered Product Enhancements and Improving User Metrics.

The company demonstrated a strengthening product portfolio with the introduction of new AI-powered solutions, including a new search and matching AI engine. This innovation led to a 37% increase in relevant job application volume for exposed job seekers, with a full rollout anticipated by the end of fiscal Q2 2026. Additionally, ZipRecruiter reported a 7% sequential increase in Quarterly Paid Employers in fiscal Q1 2026, indicating a growing and stable employer base.

Show more
Updated on 6/22/2026

ZipRecruiter (ZIP) stock has gained about 65% since 2/28/2026 because of the following key factors:

1. Better-than-expected Fiscal Q1 2026 Financial Performance.

ZipRecruiter reported its fiscal Q1 2026 earnings on May 6, 2026, where the company's net loss narrowed significantly to $4.7 million, compared to a $12.8 million loss in the prior year's comparable quarter. Adjusted EBITDA increased by 64.4% year-over-year to $9.7 million, surpassing the high end of the company's guidance range. Although revenue for the quarter decreased 2% year-over-year to $107.5 million, it still exceeded the Zacks Consensus Estimate by 1.60%. Furthermore, the reported EPS of -$0.06 beat the Zacks Consensus Estimate of -$0.15 by 60%.

2. Strategic Focus on AI-Powered Product Enhancements and Improving User Metrics.

The company demonstrated a strengthening product portfolio with the introduction of new AI-powered solutions, including a new search and matching AI engine. This innovation led to a 37% increase in relevant job application volume for exposed job seekers, with a full rollout anticipated by the end of fiscal Q2 2026. Additionally, ZipRecruiter reported a 7% sequential increase in Quarterly Paid Employers in fiscal Q1 2026, indicating a growing and stable employer base.

3. Optimistic Labor Market Outlook.

ZipRecruiter's research and commentary indicated a "thawing" of what it termed "The Great Freeze" in the U.S. labor market, suggesting that employers were preparing to increase hiring. This sentiment was supported by the company's Q4 2025 New Hires Survey (discussed around February 27, 2026), which revealed that 48.6% of active job seekers received at least one job offer, marking the highest rate since tracking began in 2022. The 2026 Graduate Report, released in April 2026, further reinforced this positive trend, showing an improvement in the rate of recent graduates securing employment within three months of graduation, rising from 63% to 77% year-over-year.

4. Positive Forward Guidance and Analyst Revisions.

Following the release of its fiscal Q1 2026 results, ZipRecruiter issued positive guidance for fiscal Q2 2026, projecting revenue of $112 million at the midpoint, which would represent a 4% sequential increase. In response to the better-than-expected performance and outlook, some analysts revised their price targets upwards. For example, Goldman Sachs raised its price target from $3.00 to $3.50 on May 11, 2026, and UBS increased its target from $2.50 to $3.50 on May 8, 2026, signaling a more favorable analyst perspective.

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Stock Movement Drivers

Fundamental Drivers

The 66.3% change in ZIP stock from 2/28/2026 to 6/22/2026 was primarily driven by a 65.3% change in the company's P/S Multiple.
(LTM values as of)22820266222026Change
Stock Price ($)1.813.0166.3%
Change Contribution By: 
Total Revenues ($ Mil)449446-0.6%
P/S Multiple0.30.665.3%
Shares Outstanding (Mil)85841.2%
Cumulative Contribution66.3%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/22/2026
ReturnCorrelation
ZIP66.3% 
Market (SPY)8.8%24.0%
Sector (XLC)-9.2%28.6%

Fundamental Drivers

The -36.6% change in ZIP stock from 11/30/2025 to 6/22/2026 was primarily driven by a -38.3% change in the company's P/S Multiple.
(LTM values as of)113020256222026Change
Stock Price ($)4.753.01-36.6%
Change Contribution By: 
Total Revenues ($ Mil)448446-0.4%
P/S Multiple0.90.6-38.3%
Shares Outstanding (Mil)86843.1%
Cumulative Contribution-36.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/22/2026
ReturnCorrelation
ZIP-36.6% 
Market (SPY)9.5%33.8%
Sector (XLC)-6.8%27.2%

Fundamental Drivers

The -49.6% change in ZIP stock from 5/31/2025 to 6/22/2026 was primarily driven by a -55.5% change in the company's P/S Multiple.
(LTM values as of)53120256222026Change
Stock Price ($)5.973.01-49.6%
Change Contribution By: 
Total Revenues ($ Mil)462446-3.3%
P/S Multiple1.30.6-55.5%
Shares Outstanding (Mil)988417.2%
Cumulative Contribution-49.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/22/2026
ReturnCorrelation
ZIP-49.6% 
Market (SPY)27.7%37.2%
Sector (XLC)6.7%31.4%

Fundamental Drivers

The -80.5% change in ZIP stock from 5/31/2023 to 6/22/2026 was primarily driven by a -69.9% change in the company's P/S Multiple.
(LTM values as of)53120236222026Change
Stock Price ($)15.473.01-80.5%
Change Contribution By: 
Total Revenues ($ Mil)861446-48.2%
P/S Multiple1.90.6-69.9%
Shares Outstanding (Mil)1048424.6%
Cumulative Contribution-80.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/22/2026
ReturnCorrelation
ZIP-80.5% 
Market (SPY)85.1%36.2%
Sector (XLC)77.4%32.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ZIP Return104%-34%-15%-48%-46%-22%-75%
Peers Return65%-31%14%-10%-16%20%17%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
ZIP Win Rate42%25%50%25%42%50% 
Peers Win Rate70%33%45%40%45%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ZIP Max Drawdown-29%-42%-57%-54%-57%-57% 
Peers Max Drawdown-24%-47%-35%-32%-47%-36% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[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] 2026 data is for the year up to 6/22/2026 (YTD)

How Low Can It Go

EventZIPS&P 500
2024 Yen Carry Trade Unwind
  % Loss-13.4%-7.8%
  % Gain to Breakeven15.4%8.5%
  Time to Breakeven9 days18 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-23.5%-17.9%
  % Gain to Breakeven30.7%21.8%
  Time to Breakeven3525 days123 days

Compare to MSFT, UPWK, DHX, RHI, MAN

In The Past

ZipRecruiter's stock fell -13.4% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 15.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventZIPS&P 500
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-23.5%-17.9%
  % Gain to Breakeven30.7%21.8%
  Time to Breakeven3525 days123 days

Compare to MSFT, UPWK, DHX, RHI, MAN

In The Past

ZipRecruiter's stock fell -13.4% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 15.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About ZipRecruiter (ZIP)

ZipRecruiter (NASDAQ: ZIP) operates an online employment marketplace that efficiently connects job seekers with employers. The company's core business centers on providing a digital platform that streamlines the hiring process, enabling businesses to post open positions and individuals to discover and apply for job opportunities.

The platform functions as a two-sided marketplace. For employers, ZipRecruiter offers services to easily post job openings and access a wide pool of potential candidates, along with other features designed to facilitate their recruitment efforts. For job seekers, the company provides a user-friendly experience to browse available jobs and apply quickly, often with a single click, thereby simplifying their job search process.

ZipRecruiter's primary customers are businesses of varying sizes seeking to hire new employees across diverse industries and roles. On the other side, its market comprises individuals actively looking for employment opportunities. The company essentially serves the broad labor market, acting as an intermediary that matches the demand for talent from employers with the supply of workers from job seekers.

AI Analysis | Feedback

Here are 1-3 brief analogies for ZipRecruiter:

  • The Amazon Marketplace for jobs

  • eBay for job listings

  • Uber for job searching

AI Analysis | Feedback

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  • Job Posting and Employer Solutions: A platform that enables employers to post job openings, manage candidates, and access tools for recruiting and hiring.
  • Job Search and Application Platform: A service for job seekers to discover job opportunities and apply to them with a single click.
```

AI Analysis | Feedback

ZipRecruiter (ZIP) primarily sells its services to other companies, specifically employers looking to hire job seekers.

Due to the nature of its business as a job marketplace, ZipRecruiter serves a highly diverse and fragmented customer base of employers across numerous industries and organizational sizes. Its platform is utilized by a wide spectrum of businesses, including:

  • Small and Medium-sized Businesses (SMBs)
  • Large Enterprises

ZipRecruiter does not publicly disclose specific "major customers" by name in its financial filings or other public statements. This is typical for companies operating a job marketplace, as their revenue is derived from a vast number of individual employers rather than a concentrated base of a few large clients. No single employer or a small group of employers is known to constitute a significant portion of ZipRecruiter's overall revenue.

Therefore, while its customers are indeed other companies (employers), specific names of major customers are not publicly identifiable.

AI Analysis | Feedback

  • Amazon.com, Inc. (AMZN)

AI Analysis | Feedback

Ian Siegel, Chief Executive Officer & Co-Founder

Ian Siegel co-founded ZipRecruiter in 2010 and serves as its Chief Executive Officer. Prior to founding ZipRecruiter, he held executive product and technology leadership roles at companies including CitySearch, Stamps.com, Rent.com (an eBay company), Pictage, and MyLife.com. Siegel has a proven track record of building and scaling successful internet businesses.

Timothy Yarbrough, EVP, Chief Financial Officer

Timothy Yarbrough is the EVP, Chief Financial Officer at ZipRecruiter, where he leads Accounting, Finance, Business Planning & Operations, and Revenue Operations. He played a key role in guiding ZipRecruiter's growth from a startup to a publicly traded company. Before joining ZipRecruiter, Tim was the Finance Director at Convertro, Inc. through its acquisition by AOL.com, and held various managerial and strategic finance roles at Qualcomm, Inc.

David Travers, President

David Travers is the President of ZipRecruiter. Prior to his current role, he was the Co-Founder and Co-Managing Partner of Basepoint Ventures and a Partner at Rustic Canyon Partners, both venture capital firms. He also worked in Corporate Strategy at The Walt Disney Company and served as an Executive Assistant to the National Security Advisor in the White House. His initial belief in ZipRecruiter stemmed from his time as a venture capital investor.

Boris Shimanovsky, EVP, Chief Technology Officer

Boris Shimanovsky serves as the EVP, Chief Technology Officer at ZipRecruiter, leading all engineering and technology functions. He is responsible for empowering his technology team and enabling ZipRecruiter's goals through scalable systems, data, and machine learning/Artificial Intelligence practices. Before joining ZipRecruiter in June 2020, he was SVP of Engineering at Foursquare and Chief Technology Officer at Factual, Inc. He also co-founded Chronos Software Group.

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 leading Accounting, Tax, Internal Audit, Payroll & Benefits. Prior to ZipRecruiter, she was the Vice President and Controller for a large broker-dealer and held management roles at a boutique technology investment bank and Sony Pictures.

AI Analysis | Feedback

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Here are the key risks to ZipRecruiter's business:

  1. Sensitivity to Economic Cycles and Hiring Demand: ZipRecruiter's business is highly dependent on the overall health of the economy and the demand for hiring. A weaker job market, characterized by slower hiring and reduced job seeker churn, directly translates to declining revenue and profitability for the company. The company's significant exposure to small and medium-sized businesses further exacerbates this vulnerability during economic downturns.
  2. Intense Competition and Rapid Technological Advancements: The online recruitment market in which ZipRecruiter operates is highly competitive and fragmented, with numerous players including large rivals like Indeed, LinkedIn, Google, and Meta. While ZipRecruiter leverages AI for its matching technology, the rapid evolution of AI and the potential for companies to adopt their own internal hiring solutions or AI-based tools could threaten ZipRecruiter's market share and growth. The need to continuously innovate and adapt to technological changes and competitive pressures is crucial for its sustained success.
  3. Technology and Uptime Risks, including Data Security and Privacy: ZipRecruiter relies entirely on cloud infrastructure, making it susceptible to technology failures and service disruptions. Furthermore, the company faces risks associated with evolving global regulations on privacy, data protection, AI, and cybersecurity. Past data security incidents indicate an ongoing need for robust cybersecurity measures, as breaches could lead to reputational damage, financial losses, and regulatory penalties.
```

AI Analysis | Feedback

The clear emerging threat to ZipRecruiter is the proliferation and increasing adoption of **AI-driven proactive talent acquisition platforms and internal talent marketplaces**. These platforms leverage artificial intelligence to dynamically match candidates (both internal to organizations and external) with opportunities based on skills, experience, and potential, often bypassing the traditional model of employers posting jobs and job seekers manually applying. As companies increasingly adopt these sophisticated systems for talent intelligence, internal mobility, and direct sourcing, the reliance on external job boards for sourcing and application management may diminish, similar to how streaming services disrupted physical media rentals.

AI Analysis | Feedback

ZipRecruiter operates within the U.S. employment and recruiting sector, which has a total addressable market (TAM) exceeding $300 billion. Within this broader market, online recruitment sites, representing ZipRecruiter's core service, constitute a segment exceeding $15 billion.

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for ZipRecruiter (ZIP)

Over the next 2-3 years, ZipRecruiter (ZIP) is expected to drive future revenue growth through several key initiatives and market trends:

  1. Advancements in AI-Powered Solutions and Product Innovation: ZipRecruiter is actively investing in and launching new artificial intelligence (AI)-powered tools to enhance the experience for both job seekers and employers. Recently introduced features like the "Be Seen First" tool, which makes candidates nearly twice as likely to start a conversation with employers, and improvements to its AI-powered career advisor "Phil," are designed to increase candidate engagement and improve matching efficiency. These innovations aim to drive deeper platform engagement and capture greater market share by offering a more streamlined and effective hiring process.
  2. Expansion of Enterprise and Performance Marketing Revenue: The company is seeing growth in its performance marketing revenue and its enterprise segment. Performance marketing revenue accelerated in Q4 2025, and the combination of performance marketing and enterprise accounts now constitutes a growing portion of total revenue, indicating a strategic shift towards more stable and higher-value customer relationships. ZipRecruiter has also rolled out an Enterprise Plan specifically tailored with features to meet the recruitment needs of larger businesses.
  3. Market Share Gains and Labor Market Normalization: Despite a currently challenging and subdued hiring environment, ZipRecruiter's management anticipates gaining market share and is confident in its position to capitalize on growth as labor market conditions eventually normalize. The company achieved a return to year-over-year revenue growth in Q4 2025, a significant milestone amid prevailing economic headwinds, suggesting resilience and potential for further recovery when the overall hiring demand strengthens.
  4. Increased Job Seeker Traffic Driven by AI and Large Language Models: ZipRecruiter's platform is expanding its reach, with overall job seeker traffic outperforming its largest competitors throughout 2025. Notably, site visits originating from AI and large language model engines more than doubled year-over-year in Q4 2025. This indicates a successful strategy in optimizing discovery within these emerging generative AI channels, which is expected to lead to a higher volume of job applications and increased employer interest, thereby contributing to revenue growth.

AI Analysis | Feedback

Share Repurchases

  • As of December 31, 2025, ZipRecruiter had $121.2 million remaining for future share repurchases under its active program.
  • In 2025, the company repurchased 18.9 million shares for $101.9 million.
  • On August 11, 2025, the board authorized a $100 million increase to the share repurchase program, bringing the total program size to $750.0 million.

Capital Expenditures

  • Capital expenditures for the trailing twelve months ended September 2025 were -$7.87 million.
  • ZipRecruiter plans to continue investing in technology and marketing to drive growth and improve its marketplace.
  • The company made significant investments in research and development, accounting for 28% of total revenue in both 2025 and 2024, primarily to improve matching technology and user experience.

Better Bets vs. ZipRecruiter (ZIP)

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ZIPMSFTUPWKDHXRHIMANMedian
NameZipRecru.MicrosoftUpwork DHI Robert H.Manpower. 
Mkt Price3.01367.347.843.9629.1131.3318.48
Mkt Cap0.32,727.91.00.22.91.51.2
Rev LTM446318,2737911255,32718,3773,059
Op Inc LTM-9148,957123167423999
FCF LTM1172,91620520218-130113
FCF 3Y Avg4170,952141113454091
CFO LTM17170,14123427267-77131
CFO 3Y Avg50136,99116224396101131

Growth & Margins

ZIPMSFTUPWKDHXRHIMANMedian
NameZipRecru.MicrosoftUpwork DHI Robert H.Manpower. 
Rev Chg LTM-3.3%17.9%2.5%-9.4%-6.1%4.8%-0.4%
Rev Chg 3Y Avg-18.8%15.3%7.5%-6.6%-9.2%-1.7%-4.2%
Rev Chg Q-2.3%18.3%1.4%-8.1%-3.8%10.3%-0.4%
QoQ Delta Rev Chg LTM-0.6%4.2%0.4%-2.0%-1.0%2.3%-0.1%
Op Inc Chg LTM2.8%22.0%35.8%158.4%-68.9%-11.0%12.4%
Op Inc Chg 3Y Avg-46.5%20.7%134.3%104.6%-53.6%-21.6%-0.5%
Op Mgn LTM-2.1%46.8%15.6%12.9%1.4%1.3%7.2%
Op Mgn 3Y Avg2.5%45.6%10.4%8.1%3.9%1.4%6.0%
QoQ Delta Op Mgn LTM2.2%0.1%-0.8%2.0%-0.0%-0.0%0.1%
CFO/Rev LTM3.9%53.5%29.6%21.8%5.0%-0.4%13.4%
CFO/Rev 3Y Avg9.4%49.5%21.0%17.6%6.8%0.5%13.5%
FCF/Rev LTM2.4%22.9%26.0%16.3%4.1%-0.7%10.2%
FCF/Rev 3Y Avg7.6%26.1%18.3%8.5%5.9%0.2%8.1%

Valuation

ZIPMSFTUPWKDHXRHIMANMedian
NameZipRecru.MicrosoftUpwork DHI Robert H.Manpower. 
Mkt Cap0.32,727.91.00.22.91.51.2
P/S0.68.61.31.30.50.10.9
P/Op Inc-27.318.38.110.138.96.19.1
P/EBIT35.017.38.15,655.838.97.726.2
P/E-10.121.89.2-73.722.4-89.2-0.5
P/CFO14.516.04.36.010.9-19.08.4
Total Yield-9.9%5.5%10.9%-1.4%12.7%1.2%3.4%
Dividend Yield0.0%0.9%0.0%0.0%8.2%2.3%0.5%
FCF Yield 3Y Avg6.3%2.5%9.1%12.0%6.8%-1.0%6.6%
D/E2.20.00.40.30.11.10.3
Net D/E0.7-0.0-0.20.2-0.00.90.1

Returns

ZIPMSFTUPWKDHXRHIMANMedian
NameZipRecru.MicrosoftUpwork DHI Robert H.Manpower. 
1M Rtn-4.4%-12.2%-10.9%6.5%6.6%9.2%1.0%
3M Rtn42.0%-3.9%-31.3%47.2%19.9%15.1%17.5%
6M Rtn-33.6%-23.9%-63.2%164.0%9.7%8.3%-7.8%
12M Rtn-39.9%-22.4%-40.3%54.7%-21.4%-14.6%-21.9%
3Y Rtn-81.9%12.2%-12.2%-2.5%-52.0%-53.4%-32.1%
1M Excs Rtn-10.7%-13.1%-10.0%3.4%12.9%15.0%-3.3%
3M Excs Rtn25.1%-18.4%-45.3%46.8%12.9%5.6%9.2%
6M Excs Rtn-48.5%-33.7%-72.3%124.5%-3.1%-2.5%-18.4%
12M Excs Rtn-64.9%-47.8%-66.3%29.7%-48.3%-42.3%-48.1%
3Y Excs Rtn-152.7%-59.4%-85.6%-70.1%-123.5%-123.5%-104.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment449474646  
Performance-based   208141
Subscription   696600
Total449474646905741


Price Behavior

Price Behavior
Market Price$3.01 
Market Cap ($ Bil)0.3 
First Trading Date04/14/2011 
Distance from 52W High-45.2% 
   50 Days200 Days
DMA Price$3.17$3.50
DMA Trenddownup
Distance from DMA-5.1%-14.1%
 3M1YR
Volatility100.8%88.2%
Downside Capture301.80376.37
Upside Capture293.39216.61
Correlation (SPY)29.7%36.1%
ZIP Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta2.212.291.532.672.741.55
Up Beta3.061.501.382.593.591.51
Down Beta4.27-0.070.421.341.501.08
Up Capture169%444%347%310%330%221%
Bmk +ve Days13283667141432
Stock +ve Days9243453112349
Down Capture94%234%89%270%203%113%
Bmk -ve Days7132757109318
Stock -ve Days11162768129385

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ZIP
ZIP-40.3%88.0%-0.20-
Sector ETF (XLC)4.6%13.6%0.0931.0%
Equity (SPY)26.1%12.4%1.5936.4%
Gold (GLD)24.1%27.5%0.774.9%
Commodities (DBC)18.5%18.8%0.779.2%
Real Estate (VNQ)11.8%13.8%0.5712.9%
Bitcoin (BTCUSD)-40.2%42.5%-1.0926.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ZIP
ZIP-32.5%63.1%-0.36-
Sector ETF (XLC)7.0%20.7%0.2540.8%
Equity (SPY)13.4%17.1%0.6143.2%
Gold (GLD)17.1%18.3%0.763.2%
Commodities (DBC)7.5%19.4%0.2811.3%
Real Estate (VNQ)2.1%18.9%0.0130.1%
Bitcoin (BTCUSD)9.4%54.1%0.3726.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ZIP
ZIP-17.7%63.0%-0.35-
Sector ETF (XLC)8.7%22.2%0.4540.5%
Equity (SPY)15.4%18.0%0.7343.0%
Gold (GLD)12.2%16.1%0.623.1%
Commodities (DBC)6.0%18.0%0.2611.5%
Real Estate (VNQ)5.4%20.7%0.2330.2%
Bitcoin (BTCUSD)59.9%66.8%1.0026.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity4.0 Mil
Short Interest: % Change Since 5152026-10.8%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest6.6 days
Basic Shares Quantity83.7 Mil
Short % of Basic Shares4.8%

Earnings Returns History

Updated 6/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/202616.8%16.8%3.5%
2/25/2026-23.5%-16.3%-27.1%
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%
...
SUMMARY STATS   
# Positive111110
# Negative101011
Median Positive11.8%13.2%19.8%
Median Negative-10.8%-13.0%-12.5%
Max Positive16.8%26.7%68.1%
Max Negative-23.6%-26.6%-36.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/202616.8%16.8%3.5%
2/25/2026-23.5%-16.3%-27.1%
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%
11/8/20230.3%8.9%18.2%
8/8/2023-10.3%-6.2%-14.3%
5/9/2023-3.2%-12.5%-5.4%
2/21/2023-22.6%-26.6%-36.4%
11/9/202216.4%13.4%10.7%
8/15/2022-5.4%-22.4%-8.8%
5/11/202214.5%13.2%3.5%
3/1/202211.5%2.1%21.4%
11/10/202112.8%19.2%-0.5%
8/12/2021-0.5%-18.0%-11.9%
5/17/20210.0%0.0%68.1%
SUMMARY STATS   
# Positive111110
# Negative101011
Median Positive11.8%13.2%19.8%
Median Negative-10.8%-13.0%-12.5%
Max Positive16.8%26.7%68.1%
Max Negative-23.6%-26.6%-36.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/25/202610-K
09/30/202511/05/202510-Q
06/30/202508/11/202510-Q
03/31/202505/08/202510-Q
12/31/202402/25/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/09/202410-Q
12/31/202302/28/202410-K
09/30/202311/08/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/27/202310-K
09/30/202211/09/202210-Q
06/30/202208/15/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/25/202610-K
09/30/202511/05/202510-Q
06/30/202508/11/202510-Q
03/31/202505/08/202510-Q
12/31/202402/25/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/09/202410-Q
12/31/202302/28/202410-K
09/30/202311/08/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/27/202310-K
09/30/202211/09/202210-Q
06/30/202208/15/202210-Q
03/31/202205/13/202210-Q
12/31/202103/03/202210-K
09/30/202111/12/202110-Q
06/30/202108/13/202110-Q
03/31/202105/26/2021424B4

Insider Activity

Updated 6/17/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Garefis, AmyEVP, Chief People OfficerDirectSell61720263.629,11333,000807,202Form
2Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell52820263.172,9149,245374,595Form
3Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell50720263.239,72231,388358,865Form
4Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell50720263.069,72229,794370,430Form
5Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell50720263.099,72230,081404,077Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Garefis, AmyEVP, Chief People OfficerDirectSell61720263.629,11333,000807,202Form
2Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell52820263.172,9149,245374,595Form
3Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell50720263.239,72231,388358,865Form
4Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell50720263.069,72229,794370,430Form
5Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell50720263.099,72230,081404,077Form
6Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell42720262.912,9788,665352,033Form
7Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell40720262.079,72220,151290,837Form
8Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell407202627.6117,482482,6614,702,696Form
9Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell40320261.869,72218,127350,179Form
10Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell40320261.909,72218,485375,595Form
11Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell32020262.179,72221,061448,983Form
12Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell32020262.389,72223,166517,020Form
13Garefis, AmyEVP, Chief People OfficerDirectSell32020262.562,5326,492565,852Form
14Siegel, Ian HCHIEF EXECUTIVE OFFICERDirectSell32020262.5734,36488,291582,465Form
15Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell32020262.562,4956,399317,943Form
16Travers, DavidPresident and interim CFODirectSell32020262.5323,65659,8643,136,190Form
17Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell21920261.932,9785,748223,181Form
18Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell20920261.973,0345,981130,779Form
19Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell20520261.979,72219,14666,204Form
20Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell20520262.119,72220,49391,356Form
21Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell20520262.259,72221,827119,129Form
22Garefis, AmyEVP, Chief People OfficerDirectSell12120262.642,8477,521558,926Form
23Shimanovsky, Boris FEVP, Chief Technology OfficerDirectSell12120262.615,65014,739877,238Form
24Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell12120262.622,1695,673310,181Form
25Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell10620263.693,03511,202256,064Form
26Shimanovsky, Boris FEVP, Chief Technology OfficerDirectSell122320254.553,88917,6801,554,480Form
27Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell122220254.559,72244,201418,087Form
28Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell122220254.659,72245,184472,568Form
29Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell122220254.7422,762107,855527,867Form
30Garefis, AmyEVP, Chief People OfficerDirectSell122220254.742,53212,0051,016,675Form
31Travers, DavidPresidentDirectSell122220254.7515,87875,3735,456,790Form
32Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell121720254.772,49511,913576,626Form
33Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell120820255.395,80331,270390,210Form
34Shimanovsky, Boris FEVP, Chief Technology OfficerDirectSell112020254.007,33029,3461,305,094Form
35Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell112020254.102,44110,002474,552Form
36Garefis, AmyEVP, Chief People OfficerDirectSell112020253.992,84711,357832,741Form
37Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell110520254.056,06924,609317,162Form
38Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell110520254.069,72239,4481,026,475Form
39Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell110520254.109,72239,8791,077,561Form
40Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell110520254.239,72241,1441,152,881Form
41Shimanovsky, Boris FEVP, Chief Technology OfficerDirectSell102220254.444,67020,7541,481,263Form
42Garefis, AmyEVP, Chief People OfficerDirectSell102220254.442,53211,251940,291Form
43Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell102120254.322,1699,372510,984Form
44Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell100820253.929,72238,0731,104,925Form
45Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell100820253.969,72238,4951,155,665Form
46Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell100820254.083,27613,358343,685Form
47Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell100820254.089,72239,6541,230,109Form
48Shimanovsky, Boris FEVP, Chief Technology OfficerDirectSell92320255.104,08820,8661,725,118Form
49Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell92220255.119,72249,6821,590,877Form
50Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell92220255.219,72250,6211,671,539Form
51Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell92220255.2922,762120,4971,750,935Form
52Travers, DavidPresidentDirectSell92220255.3018,79399,6426,044,325Form
53Garefis, AmyEVP, Chief People OfficerDirectSell92220255.293,02115,9831,132,871Form
54Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell91720255.302,49513,224638,301Form
55Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell90820255.055,80329,299442,092Form
56Institutional, Venture Management Xv, LlcInstitutional Venture Partners XV, L.P.Sell82520254.271,630,6706,962,96112,552,515Form
57Institutional, Venture Management Xv, LlcInstitutional Venture Partners XV Executive Fund, L.P.Sell82520254.278,67537,04266,693Form
58Institutional, Venture Management Xiv, LlcInstitutional Venture Partners XV, L.P.Sell82520254.271,630,6706,962,96112,552,515Form
59Institutional, Venture Management Xiv, LlcInstitutional Venture Partners XV Executive Fund, L.P.Sell82520254.278,67537,04266,693Form
60Shimanovsky, Boris FEVP, Chief Technology OfficerDirectSell82020254.327,33031,6411,349,426Form
61Garefis, AmyEVP, Chief People OfficerDirectSell82020254.392,84712,493903,662Form
62Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell82020254.382,1699,507506,153Form
63Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell80620253.789,72236,7641,336,813Form
64Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell80620253.839,72237,2461,391,593Form
65Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell80620253.836,06923,235357,439Form
66Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell80620253.949,72238,2971,469,156Form
67Miller, J SanfordTrustSell73020254.645,811  Form
68Shimanovsky, Boris FEVP, Chief Technology OfficerDirectSell72220254.524,67121,1261,447,007Form
69Garefis, AmyEVP, Chief People OfficerDirectSell72220254.602,53211,641959,831Form
70Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell72220254.602,97813,699541,141Form
71Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell70920255.219,72250,6101,992,117Form
72Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell70920255.259,72251,0402,060,110Form
73Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell70920255.263,27617,248523,510Form
74Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell70920255.269,72251,1762,116,741Form
75Harrick, Stephen JTrustSell70820255.2915,317  Form
76Harrick, Stephen JTrustSell70820255.27147,797778,89080,721Form
77Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell62320254.999,72248,4942,054,329Form
78Shimanovsky, Boris FEVP, Chief Technology OfficerDirectSell62320255.084,08820,7541,647,932Form
79Bartolome, LoraSVP, ACCOUNTING & CONTROLLERDirectSell62320255.082,28911,623107,449Form
80Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell62320255.079,72249,3222,138,699Form
81Siegel, Ian HCHIEF EXECUTIVE OFFICERSee footnoteSell62320255.0822,762115,6582,191,471Form
82Travers, DavidPresidentDirectSell62320255.0918,79395,7005,756,591Form
83Garefis, AmyEVP, Chief People OfficerDirectSell62320255.073,02115,3311,072,330Form
84Sakamoto, Ryan TEVP, Chief Legal OfficerDirectSell61720255.432,49513,548654,967Form
85Yarbrough, Timothy GEVP, Chief Financial OfficerSee footnoteSell60620256.455,81937,508662,038Form
Core Cache Last Updated: 6/22/2026