Credit and interest ratesmixed · 5 filings
“We anticipate interest expense to be impacted by changes in variable interest rates.”10-Q · Aug 5, 2026 ↗
Zeta Global Holdings Corp.
ZETA
Market read
Zeta Global Holdings Corp.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
What changed
- Revenue increased 43.5% versus the comparable filing period.
- Cash declined 55.4M versus the comparable period.
Company-1.3% todayVolume comparison unavailable
Market group0 of 36 activeEnterprise Software · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- ZETA's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if ZETA's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 43.5% versus the comparable filing period.
- Operating income moved from a loss to a profit in the comparable period.
Evidence that challenges
- Cash declined 55.4M versus the comparable period.
What would clarify the read
- ZETA's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods7
Price observations328
Usable filing statements95
Verified relationships0
Evidence supporting the case
- Latest annual revenue changed +29.7% year over year.
- Operating margin changed +7.2 percentage points in the latest annual period.
- Net margin changed +4.5 percentage points in the latest annual period.
Evidence challenging the case
- Diluted shares increased 18.7% in the latest annual period.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
30.186m+67.2%12m+60.0%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$458.3M+24.5%$-2.95—
2022-12-31$591.0M+28.9%$-2.01—
2023-12-31$728.7M+23.3%$-1.20+12.7%
2024-12-31$1.0B+38.0%$-0.38+18.7%
2025-12-31$1.3B+29.7%$-0.14+18.7%
What management says matters
Persistent and emerging business drivers
Restructuring and cost reductionsnegative · 3 filings
“This increase was primarily due to higher employee termination costs due to internal restructuring.”10-Q · Aug 5, 2026 ↗
Foreign exchangenegative · 1 filings
“This decrease in other expenses, net was driven by a decrease in the fair value change of acquisition-related liabilities of $6.4 million, primarily offset by foreign exchange loss of $1.0 million due to the depreciation of the U.S.”10-Q · Aug 5, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
30.18-1.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ZETA. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
The latest filing presents a mixed picture
10-Q filed 2026-08-05 against the comparable filing from 2025-08-06.
OperationsconstructiveEvidence score +4
liquiditycautiousEvidence score -1
valuationmixed
Capital and cash conversion
Reported investment and cash context
- Capital spending YoY
- +54.0%
- Capital spending / revenue
- +0.9%
- Free-cash-flow margin
- +13.2%
- FCF margin change
- +0.7 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 43.5% versus the comparable filing period.
- Operating income moved from a loss to a profit in the comparable period.
What weakened
- Cash declined 55.4M versus the comparable period.
Filing receipts
“Changes in operating assets and liabilities were primarily driven by increases in accounts receivable of $5.3 million and decreases in accrued expenses and other current liabilities of $11.5 million, accounts payable of $8.6 million and deferred revenue of $1.3 million, as well as payment of acquisition-related liabilities of $4.8 million related to the LiveIntent acquisition, partially offset by a decrease in other current assets of $2.4 million and other non-current assets of $0.3 million and an increase in other non-current liabilities of $0.2 million.”
“Changes in operating assets and liabilities were primarily driven by increases in accounts receivable of $19.1 million and other current assets of $0.7 million and decreases in deferred revenue of $6.5 million and accrued expenses and other current liabilities of $3.5 million, partially offset by an increase in accounts payable of $2.7 million and other non-current liabilities of $1.2 million and decreases in prepaid expenses of $1.9 million.”
“This increase was primarily driven by higher employee-related costs of $12.3 million, stock-based compensation of $1.0 million and other sales and marketing-related expenses of $4.3 million.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind ZETA
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ZETA is currently a Follower in the organic co-movement group Enterprise Software. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.