ZIFF DAVIS, INC. (ZD) FY2025 10-K Annual Report
ZIFF DAVIS, INC. (ZD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
ZIFF DAVIS, INC. FY2025 10-K Analysis
Business Overview
- • Digital media and cybersecurity platform with focus on brand development and protection to drive growth
- • Emphasis on expanding trademark portfolio and domain name acquisition amid increasing regulatory complexity
- • Continued strategic separation and tax risk management following 2021 spin-off of Consensus Cloud Solutions
- • Notable risk surrounding billing system dependencies affecting revenue, with heightened attention on payment processing compliance and fraud control
- • Increasing legal exposure from content liability, data privacy, and patent litigation with potential for significant operational impact
Management Discussion & Analysis
- • Cash and cash equivalents $607.0M at Dec 31, 2025 vs $505.9M at Dec 31, 2024
- • Credit Agreement revolving loan commitment increased to $350.0M with maturity extended to June 18, 2027
- • Issued $263.1M 3.625% Convertible Notes due 2028 and repurchased $135.0M principal of 1.75% Convertible Notes
- • No revenue, profitability, or segment performance data disclosed in provided text
- • No forward-looking guidance or risk commentary provided in provided text
Risk Factors
- • FTC scrutiny on online advertising practices under Section 5 of the FTC Act, risk of enforcement actions impacting ad revenue
- • Exposure to macroeconomic downturns affecting consumer spending in Health & Wellness segment generating $402M revenue in 2025
- • Dependence on third-party websites and advertising networks for delivery of ads risks operational disruptions and revenue loss
- • Competition from Amazon and Google in digital advertising threatens Technology & Shopping advertising revenue of $351M in 2025
- • Customer concentration risk with top 753 customers in Technology & Shopping segment contributing $144K average quarterly revenue each
ZIFF DAVIS, INC. FY2025 Key Financial MetricsXBRL
Revenue
$1.5B
▲ +3.5% YoY
Net Income
$47M
▼ -24.9% YoY
Operating Margin
12.6%
▲ +451bp YoY
Net Margin
3.3%
▼ -123bp YoY
ROE
2.7%
▼ -78bp YoY
Total Assets
$3.7B
▼ -1.1% YoY
EPS (Diluted)
$1.15
▼ -19.0% YoY
Operating Cash Flow
$407M
▲ +4.3% YoY
Source: XBRL data from ZIFF DAVIS, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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