Short answer
Zeta Global Holdings Corp. (ZETA) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $1.3B (+29.7% year over year) and net income of −$32M.
- Top risk flagged: Regulatory risk from evolving data privacy laws and potential government actions affecting data collection and use, impacting platform effectiveness and demand
FY2025 key financial metrics · XBRL
- Revenue
- $1.3B
- +29.7% YoY
- Net income
- −$32M
- +54.8% YoY
- Operating margin
- 0.4%
- +7.2 pp YoY
- EPS (diluted)
- −$0.14
- +63.2% YoY
- ROE
- -3.9%
- +6.4 pp YoY
- Operating cash flow
- $199M
- +48.6% YoY
Source: XBRL data from the Zeta Global Holdings Corp. (ZETA) FY2025 10-K on SEC EDGAR. USD.
Zeta Global Holdings Corp. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: AI-powered omnichannel cloud marketing platform delivering personalized consumer intelligence and automation across digital channels
- New emphasis on Athena by Zeta™, an AI orchestration layer enabling natural-language and voice platform interaction for marketing automation
- Focus shift to super-scaled customers with 184 vs 148 in prior year, generating 87% of 2025 revenue, and deprioritizing scaled customer metrics
- Employee count rose to ~3,300 in 2025 with ~2,000 overseas, reflecting global workforce expansion
- Platform evolved with hybrid cloud hosting, strengthened AI-native infrastructure, and expanded privacy/security including AI-driven compliance monitoring
Management Discussion & Analysis
- Revenue $1.30B, up 29.7% YoY or $298.9M increase driven by $108M new customers and $190.9M from existing customers
- Operating margin 0.4% vs -6.8% loss margin (Income from ops $5.4M in 2025 vs loss $67.9M in 2024)
- Best segment: super-scaled customers revenue 87% total, ARPU up 8% to $6.2M; Worst: restructuring expenses $3.2M, a new cost in 2025
- Net loss $31.5M improved from $69.8M in 2024; Interest expense down 94.8% to $0.4M; Investing in R&D up 29.2% to $117.2M
- Management expects continued investment in sales/marketing, innovation, international expansion; risks include macroeconomic uncertainty and inflation impacts
Risk Factors
- Regulatory risk from evolving data privacy laws and potential government actions affecting data collection and use, impacting platform effectiveness and demand
- Macroeconomic exposure to U.S. trade policy changes and tariffs affecting customers’ businesses and marketing spend
- Operational vulnerability from reliance on technology development in India facing wage inflation, currency fluctuations, and IP enforcement challenges
- Competitive pressure from larger consolidated marketing tech companies with greater resources threatening market share and pricing
- Financial risk due to customer concentration with top 10 customers generating over one-third of revenue and one customer over 10%
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