analyzeportfolio
Nasdaq · Communication Services

ZIFF DAVIS, INC. (ZD)

As-reported financials and SEC filings for ZIFF DAVIS, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ZIFF DAVIS, INC.

Ziff Davis, Inc. is a digital media and internet company that operates leading brands in technology, shopping, gaming and entertainment, health and wellness, connectivity, cybersecurity, and marketing technology. The company provides editorial content, tools, and services to consumers and businesses, including online advertising, subscription services, and software licensing. Its customers include individual consumers, enterprises, and advertisers across various digital platforms.

Snapshot

Revenue
$1.45B
Revenue growth (YoY)
3.5%
Net income
$47.4M
Diluted EPS
$1.15
Gross margin
85.8%
Operating margin
12.6%
Net margin
3.3%
FCF margin
19.8%
ROE
2.7%
net income / fiscal-year-end equity
P/E
48.0×
trailing when available, otherwise FY EPS
Market cap
$1.89B
Long-term debt / equity
0.41×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Ziff Davis

  • Revenue grew 3.5% to $1.5B in FY2025, in line with the 2.8% the year before.
  • Operating margin is 12.6% in FY2025, +0.8 pp against 11.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $287M, down 2.7% from Q2 FY2025.
  • Free cash flow was $288M in FY2025, 19.8% of revenue.
  • Net income fell 24.9% to $47M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Ziff Davis’s fundamentals sit among the 216 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin85.8%
96th percentile of 105
Operating margin12.6%
77th percentile of 185
Net margin3.3%
63rd percentile of 191
FCF margin19.8%
88th percentile of 164
Revenue growth (YoY)+3.5%
52nd percentile of 209
ROE2.7%
57th percentile of 165
P/E48.0×
72nd percentile of 95
Long-term debt / equity0.41×
40th percentile of 101
Short interest5.80d
72nd percentile of 216

Ziff Davis’s gross margin of 85.8% ranks in the 96th percentile of the 105 Communication Services companies reporting it. Ziff Davis’s FCF margin of 19.8% ranks in the 88th percentile of the 164 Communication Services companies reporting it.

No reported insider purchases (code P) in the last 90 days; 7 insider sales totaling $1.7M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+5 quant / multi-strat
Initiated / added
4
2 new, 2 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$57.1M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$43.5M829.8KAdded
Citadel AdvisorsquantQ2 2026$6.4M122.6KAdded
AQR Capital ManagementquantQ2 2026$3.5M66.4KReduced
Millennium ManagementquantQ2 2026$2.5M48.4KNew
Gotham Asset ManagementQ2 2026$979,52818.7KReduced
Two Sigma InvestmentsquantQ2 2026$200,9443.8KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
7
$1.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-18
filed 2026-08-20
KRETZMER W BRIANDirectorSell2.5K$55.31$139K
2026-08-12
filed 2026-08-13
TANSLEY LORI A.Chief Accounting OfficerSell1.4K$54.76$77K
2026-08-10
filed 2026-08-11
ROSSEN JEREMYEVP/General CounselSell3.8K$54.93$210K
2026-06-10
filed 2026-06-11
RICHTER BRETChief Financial OfficerSell18.0K$46.88$844K
2026-06-08
McDonald Kirk PDirectorSell975$46.65$45K
2026-06-08
McDonald Kirk PDirectorSell100$46.66$5K
2026-06-05
ROSSEN JEREMYEVP/General CounselSell8.0K$47.00$376K
2026-06-03
Barsten JanaDirectorSell3.3K$45.00$151K
2026-06-02
filed 2026-06-03
KRETZMER W BRIANDirectorSell2.0K$44.51$88K
2026-05-28
filed 2026-05-29
ROSSEN JEREMYEVP/General CounselSell4.3K$45.75$199K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.5M
settled 2026-08-14
Change vs prior
-11.6%
vs previous settlement
Days to cover
5.80
at avg daily volume
Avg daily volume
772.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.5M-11.6%5.80
2026-07-315.1M+15.1%9.84
2026-07-154.4M-23.3%7.81
2026-06-305.7M-1.8%6.31
2026-06-155.9M+9.9%11.10
2026-05-295.3M+12.7%9.36
2026-05-154.7M-3.5%7.65
2026-04-304.9M+20.2%9.56

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.45B$1.40B$1.36B$1.39B$1.42B
Gross profit$1.24B$1.20B$1.18B$1.21B$1.23B
Operating income$183.1M$113.6M$132.6M$198.9M$167.3M
Net income$47.4M$63.0M$41.5M$63.8M$496.7M
Diluted EPS$1.15$1.42$0.89$1.36$10.37

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$407.1M$390.3M$320.0M$336.4M$516.5M
Capital expenditure$119.2M$106.6M$108.7M$106.2M$113.7M
Free cash flow$287.9M$283.7M$211.2M$230.3M$402.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$286.7M-2.7%$624.5M$17.16
Q1 FY2026$267.6M-1.9%$22.3M$0.59
Q4 FY2025$406.7M-1.5%$370,000$0.01
Q3 FY2025$363.7M2.9%$-3.6M$-0.09
Q2 FY2025$294.8M-8.1%$26.3M$0.63
Q1 FY2025$272.8M-13.2%$24.2M$0.57
Q4 FY2024$412.8M5.9%$64.1M$1.50
Q3 FY2024$353.6M3.7%$-48.6M$-1.11

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorCommunication Services
SIC industryTelegraph & Other Message Communications
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1084048

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-07
View on EDGAR →
8-K/A2026-06-22
View on EDGAR →
8-K2026-06-17
View on EDGAR →
8-K2026-05-18
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

Monitor ZD

Get an alert when Ziff Davis files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor ZD free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.