# ZILLOW GROUP, INC. (ZG) · Edgar & Edgarette company card

> Zillow Group (ZG) grew revenue 15.5% in FY2025 to $2.6 billion, operating margin -1.3% against a 7.9% median for business services, equity 85.9% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1617640 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/ZG) · [JSON](https://www.pops4.com/boards/company/ZG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $2.6B |
| Revenue growth, 1 year | 15.5% |
| Revenue growth per year | 4.9% |
| Operating margin | -1.3% (prior year -8.8%) |
| Net margin | 0.9% |
| Operating cash flow | $368M |
| Capital spending | $133M |
| Free cash flow | $235M |
| Cash | $768M |
| Long-term debt | — |
| Total assets | $5.7B |
| Total equity | $4.9B |
| Equity ÷ assets | 85.9% |
| Return on equity | 0.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 6.96 (safe zone)
- Piotroski F: 7 of 9 (solid)
- Beneish M: -2.3 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · operating loss: a margin of -1.3% in FY2025
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $2.6B (FY2025). Experience: revenue up 15.5% on the year, up 4.9% a year over 4 years; operating margin -1.3%, up from -8.8%. Soundness: equity 85.9% of assets, return on equity 0.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.5B and $3.3B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.2B to $3.7B. A statistical range, not company guidance. Against peers (70 filers, $50M+ revenue, services-business services, nec): operating margin -1.3% against a 7.9% median; growth 15.5% against 10.2%.

Range logged 2026-09-25, receipt c98db89d914832ff, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-09-17 ([filing](https://www.sec.gov/Archives/edgar/data/1617640/000161764026000060/0001617640-26-000060-index.htm))

## Recent filings

- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1617640/000161764026000069/0001617640-26-000069-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1617640/000161764026000068/0001617640-26-000068-index.htm)
- 8-K · filed 2026-10-28 · 1.01 Entry into a Material Definitive Agreement · [filing](https://www.sec.gov/Archives/edgar/data/1617640/000161764026000063/0001617640-26-000063-index.htm)
- 8-K · filed 2026-09-17 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1617640/000161764026000060/0001617640-26-000060-index.htm)
- 8-K · filed 2026-08-24 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1617640/000161764026000056/0001617640-26-000056-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1617640/000161764026000052/0001617640-26-000052-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001617640.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1617640

## Cite

POPS4, Edgar & Edgarette: ZILLOW GROUP, INC. (ZG) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/ZG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.