Ziff Davis, Inc. (ZD)

Ziff Davis Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	618.4	47.35	63.05	41.5	63.76	496.71
Depreciation & Amortization	200.27	228.69	211.92	236.97	233.4	249.29
Loss (Gain) From Sale of Assets	-802.61	57.99	3.78	-	-	21.8
Asset Writedown & Restructuring Costs	99.89	17.58	85.27	56.85	27.37	32.63
Loss (Gain) From Sale of Investments	-	12.55	7.65	28.14	53.89	-281.81
Loss (Gain) on Equity Investments	14.79	7.95	-11.22	9.33	7.73	-35.85
Stock-Based Compensation	47.99	44.93	40.92	31.92	26.6	25.25
Provision & Write-off of Bad Debts	4.32	4.03	2.9	2.81	-0.26	8.74
Other Operating Activities	-15.95	13.2	-4.3	-13.92	-10.02	40.12
Change in Accounts Receivable	25.59	-8.38	-153.12	-35.37	14.95	-17.57
Change in Accounts Payable	70.56	2.58	171.28	9.42	-20.25	-
Change in Unearned Revenue	2.53	-4.58	5.04	-6.8	-20.96	14.28
Change in Other Net Operating Assets	-32.88	-16.8	-32.85	-40.88	-39.76	-46.07
Operating Cash Flow	232.9	407.07	390.32	319.96	336.44	516.54
Operating Cash Flow Growth	-37.76%	4.29%	21.99%	-4.90%	-34.87%	7.59%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-124.4	-119.2	-106.64	-108.73	-106.15	-113.74
Cash Acquisitions	-8.28	-67.34	-217.57	-9.49	-104.09	-141.15
Divestitures	1,138	3.58	7.86	-	-	48.88
Investment in Securities	-	36.87	19.46	-8.68	-10.47	6.07
Other Investing Activities	0.39	0.34	-0.57	-0.5	-0.05	259.03
Investing Cash Flow	1,005	-145.76	-297.46	-127.41	-220.77	59.09

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	-	-	112.29	485
Total Debt Issued	-	-	-	-	112.29	485
Long-Term Debt Repaid	-	-	-134.99	-	-166.9	-512.39
Total Debt Repaid	-	-	-134.99	-	-166.9	-512.39
Net Debt Issued (Repaid)	-	-	-134.99	-	-54.62	-27.39
Issuance of Common Stock	6.27	6.54	8.37	8.73	9.58	12.17
Repurchase of Common Stock	-325.61	-173.79	-185.18	-108.53	-78.29	-78.33
Other Financing Activities	-12.23	-3.04	-9.2	-14.99	-17.5	-19.54
Financing Cash Flow	-331.57	-170.29	-320.99	-114.79	-140.83	-113.09

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-2.38	10.11	-3.6	7.06	-16.89	-10.35
Net Cash Flow	904.31	101.13	-231.73	84.82	-42.05	452.19

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	108.5	287.87	283.68	211.23	230.29	402.8
Free Cash Flow Growth	-58.46%	1.48%	34.30%	-8.28%	-42.83%	3.94%
Free Cash Flow Margin	7.64%	19.84%	20.24%	15.49%	16.56%	28.43%
Free Cash Flow Per Share	2.95	7.00	6.37	4.55	4.90	8.42
Levered Free Cash Flow	325.7	290.44	398.91	218.45	270.93	268.46
Unlevered Free Cash Flow	336.59	306.64	407.65	230.97	292.08	313.48

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	33.43	34.62	28.86	38.65	36.17	-
Cash Income Tax Paid	72.51	48.61	68.73	64.59	59.54	-
Change in Working Capital	65.81	-27.19	-9.65	-73.64	-66.02	-49.36

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

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