Feed / ZG

Zillow Group, Inc.

ZG

Communication Services · 32.48 -0.9% today

Isolated · not yet confirmedMarket checked 11 Sept, 10:25 GMT-4

Market read

Zillow Group, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.

Company-0.9% todayVolume comparison unavailable
Market group0 of 18 activeOnline Consumer Services · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • ZG's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if ZG's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Communication Services · Internet Content & Information

No new filing conclusion is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • ZG's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
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 periods9
Price observations319
Usable filing statements135
Verified relationships8
Evidence supporting the case
  • Latest annual revenue changed +15.5% year over year.
  • Operating margin changed +7.5 percentage points in the latest annual period.
  • Net margin changed +5.9 percentage points in the latest annual period.
  • Operating cash flow covered net income at 16.00x in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 8.6% 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 10, 2026

31.90
6m-28.8%12m-60.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.1B+31.3%$-2.02+13.1%
2022-12-31$2.0B-8.2%$-0.42-7.5%
2023-12-31$1.9B-0.7%$-0.68-3.5%
2024-12-31$2.2B+15.0%$-0.48+0.2%
2025-12-31$2.6B+15.5%$0.09+8.6%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 4 filings
The cash outflows were partially offset by $33 million of proceeds from the exercise of option awards and $28 million of net borrowings on our master repurchase agreements related to Zillow Home Loans.
10-Q · May 6, 2026
Macroeconomic conditionspositive · 1 filings
While our seasonality in revenue has been impacted by the aforementioned macroeconomic factors in recent years, the effects of our strategic initiatives have continued to partially offset seasonality impacts in 2025 due to product growth across our revenue ca…
10-K · Feb 11, 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

32.48-0.9% 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, 10:25 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 ZG. 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.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ZG. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ZG

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

APPFAppFolio, Inc.partnerFeb 11, 2026

Our listing syndication agreements with Realtor.com and Redfin, and strategic partnerships with AppFolio and Esusu, extend our reach and help us provide a more comprehensive marketplace for consumers, add value for property managers, and drive more traffic, i…

FLEXFlex Ltd.partnerFeb 11, 2026

In 2025, we announced Zillow Preferred, the next chapter for our Flex program, the invite-only, pay-when-you-close program for top real estate agent teams that recognizes agent partners for delivering outstanding customer experiences and provides them access…

Depended on by

OPENOpendoor Technologies Inc.partnerFeb 19, 2026

WARRANTS Marketing Warrants On July 28, 2022, the Company entered into a warrant agreement with Zillow, Inc.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ZG is currently a Follower in the organic co-movement group Online Consumer Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ZG; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.