Zeta Global Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-31.51	-69.77	-187.48	-279.24	-249.56
Depreciation & Amortization	51.47	33.81	51.15	51.88	45.92
Other Amortization	20.57	22.29	-	-	-
Stock-Based Compensation	177.82	194.98	242.88	298.99	259.16
Other Operating Activities	28.62	-8.25	9.23	10.14	-7.43
Change in Accounts Receivable	-77.23	-41.84	-64.05	-19.83	-1.16
Change in Accounts Payable	-8.49	-28.58	26.26	13.53	-22.24
Change in Unearned Revenue	-9.32	6.26	0.81	-4.57	2.81
Change in Other Net Operating Assets	46.98	24.95	11.73	7.58	16.79
Operating Cash Flow	198.9	133.86	90.52	78.49	44.29
Operating Cash Flow Growth	48.59%	47.88%	15.34%	77.20%	24.63%
Capital Expenditures	-13.82	-25.73	-20.48	-22.23	-9.48
Cash Acquisitions	-90.31	-55.82	-18.25	-9.21	-20.09
Sale (Purchase) of Intangibles	-20.09	-16.04	-15.49	-17	-17.27
Investing Cash Flow	-124.21	-97.59	-54.22	-48.45	-46.85
Long-Term Debt Issued	6.25	209.1	11.25	5.63	183.31
Long-Term Debt Repaid	-6.25	-197.5	-11.25	-5.63	-180.75
Net Debt Issued (Repaid)	-	11.6	-	-	2.57
Issuance of Common Stock	6.48	235.54	3.3	2.94	127.48
Repurchase of Common Stock	-120.97	-42.19	-13.44	-9.61	-64.47
Other Financing Activities	-6.33	-7.03	-15.51	-5.96	-9.85
Financing Cash Flow	-120.82	197.92	-25.65	-12.63	55.73
Foreign Exchange Rate Adjustments	-0.27	0.23	-0.03	-0.17	-0.04
Net Cash Flow	-46.39	234.43	10.62	17.25	53.13
Free Cash Flow	185.09	108.13	70.04	56.25	34.81
Free Cash Flow Growth	71.16%	54.39%	24.51%	61.60%	4.57%
Free Cash Flow Margin	14.19%	10.75%	9.61%	9.52%	7.60%
Free Cash Flow Per Share	0.84	0.58	0.45	0.41	0.40
Cash Income Tax Paid	3.06	1.89	1.9	1.61	1.76
Levered Free Cash Flow	342.92	116.3	133.66	143.06	120.57
Unlevered Free Cash Flow	343.15	120.76	140.5	147.63	124.97
Change in Working Capital	-48.07	-39.21	-25.25	-3.29	-3.8

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