The combination of accelerating revenue growth, margin expansion, and raised guidance suggests strong product-market fit and execution. Traders should monitor the sustainability of growth rates and the path to sustained GAAP profitability in 2026.
Price Chart
Executive Summary
Zeta Global reported strong Q4 and full-year 2025 results, with revenue up 25% YoY to $395M and full-year revenue up 30% to $1.305B. The company achieved positive GAAP net income of $6.5M in Q4 and raised full-year 2026 guidance across revenue, adjusted EBITDA, and free cash flow, while guiding to positive GAAP net income for 2026. This marks the company's 18th consecutive 'beat and raise' quarter.
Key Financial Metrics
Key Facts
- Q4 revenue: $395M, up 25% YoY (28% excluding political, LiveIntent, and Marigold Enterprise revenue)
- Full-year 2025 revenue: $1.305B, up 30% YoY
- Q4 GAAP net income: $6.5M (1.7% margin)
- Full-year 2025 free cash flow: $165M, up 78% YoY (13% margin)
- Raised 2026 guidance: revenue $1.749B-$1.762B (34-35% YoY growth), adjusted EBITDA $389.9M-$392.1M (40-41% YoY growth), free cash flow $230.7M-$231.7M, and guiding to positive GAAP net income
- Super-Scaled Customer count grew 24% YoY to 184
Financial Impact
Revenue growth of 25-30% YoY with margin expansion and significant cash flow growth; 2026 guidance raised across all key metrics
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Q4 Revenue | $394.6M | +25.3% |
Risk Factors
- Guidance raises are based on current estimates and subject to significant risks including macroeconomic factors, competition, and execution risks
- GAAP net income remains modest and could be volatile
- Free cash flow growth is partly driven by non-recurring items like changes in fair value of acquisition-related liabilities
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-066951 |
| Document: zeta-20260224.htm | 0001193125-26-066951 |
| Document: 0001193125-26-066951-index-headers.html | 0001193125-26-066951 |
| Document: 0001193125-26-066951-index.html | 0001193125-26-066951 |
| Document: 0001193125-26-066951.txt | 0001193125-26-066951 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 424B5 | $32.50 | awaiting T+60 | — | $33.72 (+3.75%) |
Sep 11, 2026 6w ago | 424B5 | $31.01 | awaiting T+60 | — | $33.72 (+8.74%) |
Jul 27, 2026 13w ago | 8-K | $21.89 $34.11 | ▲ +55.82% | ▲ +51.47% | $33.72 (+54.04%) |
Apr 30, 2026 25w ago | 8-K | $18.60 $21.89 | ▲ +17.69% | ▲ +14.62% | $33.72 (+81.29%) |
Apr 24, 2026 26w ago | DEFA14A | $18.09 $20.18 | ▲ +11.55% | ▲ +6.78% | $33.72 (+86.40%) |
Feb 24, 2026 34w ago | 8-K | $17.85 $18.34 | ▲ +2.75% | ▼ −4.21% | $33.72 (+88.91%) |
US Market Status
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