Zeta Global Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-22.81	-69.77	-187.48	-279.24	-249.56	-53.23
Depreciation & Amortization	46.8	33.81	26.99	51.88	45.92	40.06
Other Amortization	22.29	22.29	24.16	-	-	-
Stock-Based Compensation	177.1	194.98	242.88	298.99	259.16	0.11
Other Operating Activities	15.01	-8.25	9.23	10.14	-7.43	32.18
Change in Accounts Receivable	-47.64	-41.84	-64.05	-19.83	-1.16	24.35
Change in Accounts Payable	-39.51	-28.58	26.26	13.53	-22.24	4.44
Change in Unearned Revenue	-0.38	6.26	0.81	-4.57	2.81	2.4
Change in Other Net Operating Assets	27.6	24.95	11.73	7.58	16.79	-14.78
Operating Cash Flow	178.45	133.86	90.52	78.49	44.29	35.54
Operating Cash Flow Growth	52.34%	47.88%	15.34%	77.20%	24.63%	16.14%
Capital Expenditures	-18.83	-25.73	-20.48	-22.23	-9.48	-2.25
Cash Acquisitions	-57.02	-55.82	-18.25	-9.21	-20.09	-
Sale (Purchase) of Intangibles	-19.04	-16.04	-15.49	-17	-17.27	-22.96
Investing Cash Flow	-94.89	-97.59	-54.22	-48.45	-46.85	-25.21
Long-Term Debt Issued	-	209.1	11.25	5.63	183.31	10
Long-Term Debt Repaid	-	-197.5	-11.25	-5.63	-180.75	-6.5
Net Debt Issued (Repaid)	-	11.6	-	-	2.57	3.5
Issuance of Common Stock	5.35	235.54	3.3	2.94	127.48	-
Repurchase of Common Stock	-115.9	-42.19	-13.44	-9.61	-64.47	-
Other Financing Activities	-6.33	-7.03	-15.51	-5.96	-9.85	-0.72
Financing Cash Flow	-116.88	197.92	-25.65	-12.63	55.73	2.78
Foreign Exchange Rate Adjustments	-0.03	0.23	-0.03	-0.17	-0.04	-0.21
Net Cash Flow	-33.35	234.43	10.62	17.25	53.13	12.91
Free Cash Flow	159.62	108.13	70.04	56.25	34.81	33.29
Free Cash Flow Growth	69.66%	54.39%	24.51%	61.60%	4.57%	21.95%
Free Cash Flow Margin	13.03%	10.75%	9.61%	9.52%	7.60%	9.04%
Free Cash Flow Per Share	0.74	0.58	0.45	0.41	0.40	1.02
Cash Interest Paid	-	-	-	-	-	13.07
Cash Income Tax Paid	2.75	1.89	1.9	1.61	1.76	1.3
Levered Free Cash Flow	160.94	116.3	133.66	143.06	120.57	21.75
Unlevered Free Cash Flow	161.15	120.76	140.5	147.63	124.97	31.91
Change in Working Capital	-59.93	-39.21	-25.25	-3.29	-3.8	16.41

Source: S&P Global Market Intelligence. Standard template. Financial Sources.