Saturday 17 October 2026
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Zeta Global Holdings Corp.
ZETA Technology Software Infrastructure
Zeta Global Holdings Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 29.7% from fiscal 2024. In the quarter to June 2026, revenue grew 43.6%, EPS grew 150.0%, free cash flow grew 70.0% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.
31.68
1.87
−5.57%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 5.27 | 4.09 | 7.24 | 7.84 | 10.69 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 11.14 | 13.46 | 11.28 | 38.20 | 26.60 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 1,296 | 1,434 | 1,604 | 1,783 | 2,191 | 3,300 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.28 | 0.32 | 0.37 | 0.41 | 0.46 | 0.40 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 306 | 368 | 458 | 591 | 729 | 1,006 | 1,305 | ||||
| Gross margin, % | — | — | — | 63.93 | 59.56 | 61.88 | 63.54 | 62.33 | 60.27 | 60.63 | |||||
| EBT | — | — | — | (37) | (52) | (250) | (281) | (186) | (75) | (33) | |||||
| EBT margin, % | — | — | — | (12.24) | (14.21) | (54.58) | (47.50) | (25.59) | (7.45) | (2.54) | |||||
| Net income | — | 0 | — | (38) | (53) | (250) | (279) | (187) | (70) | (32) | |||||
| Depreciation | — | — | — | 34 | 40 | 46 | 52 | 51 | 56 | 72 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 9.69 | 11.30 | 5.27 | 4.25 | 4.65 | 5.41 | 5.91 | ||||
| Earnings | — | — | — | (1.22) | (1.63) | (2.95) | (2.01) | (1.20) | (0.38) | (0.14) | |||||
| Cash flow | — | — | — | 0.97 | 1.09 | 0.51 | 0.56 | 0.58 | 0.72 | 0.90 | |||||
| Capex | — | — | — | (0.72) | (0.77) | (0.31) | (0.28) | (0.23) | (0.22) | (0.15) | |||||
| Free cash flow | — | — | — | 0.25 | 0.32 | 0.20 | 0.28 | 0.35 | 0.50 | 0.75 | |||||
| Book value | — | — | — | (1.02) | (2.61) | 1.04 | 0.92 | 1.15 | 3.64 | 3.65 | |||||
| Shares, m | — | — | — | 32 | 33 | 87 | 139 | 157 | 186 | 221 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | 0.82 | 0.82 | 1.60 | 1.96 | 1.81 | 3.33 | 3.44 | |||||
| P/B | — | — | — | 0.00 | 0.00 | 8.09 | 9.05 | 7.29 | 4.94 | 5.58 | |||||
| EV/Sales | — | — | — | 1.22 | 1.22 | 1.77 | 2.07 | 1.88 | 3.16 | 3.35 | |||||
| EV/FCF | — | — | — | 67.96 | 67.96 | 46.29 | 31.13 | 25.09 | 34.49 | 26.48 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 31 | 36 | 44 | 78 | 91 | 134 | 199 | ||||
| Capex | — | — | — | (23) | (25) | (27) | (39) | (36) | (42) | (34) | |||||
| Free cash flow | — | — | — | 8 | 10 | 18 | 39 | 55 | 92 | 165 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | 41 | 37 | 90 | 108 | 133 | 417 | 256 | ||||
| Total debt | — | — | — | 183 | 190 | 184 | 184 | 184 | 196 | 197 | |||||
| Net debt | — | — | — | 146 | 139 | 80 | 63 | 52 | (170) | (123) | |||||
| Shareholders’ equity | — | — | — | (32) | (85) | 90 | 128 | 181 | 677 | 805 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | (35.58) | (24.28) | (75.09) | (64.66) | (36.86) | (8.40) | (2.41) | ||||
| ROIC | — | — | — | (9.65) | (9.35) | (91.20) | (84.82) | (44.99) | (8.37) | 0.49 | |||||
| ROE | — | — | — | 26.20 | 34.21 | 345.08 | (255.58) | (121.52) | (16.28) | (4.25) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Zeta Global Holdings Corp. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SAIL SailPoint, Inc. | $11.3B | — (loss-making) | — (loss-making) | +16.82% (above 0%: growing) | n/m | −18.60% (below 0%: shrinking) | 66.51% | (19.09%) | Compare |
| GTLB GitLab Inc. | $9.3B | — (loss-making) | — (loss-making) | +21.31% (above 0%: growing) | n/m | −107.11% (below 0%: shrinking) | 84.06% | (19.89%) | Compare |
| ZETA Zeta Global Holdings Corp. | $8.4B | — (loss-making) | 456× | +43.55% (above 0%: growing) | n/m | +69.99% (above 0%: growing) | 59.12% | 3.82% | |
| NTSK Netskope Inc. | $8.4B | — (loss-making) | — (loss-making) | +29.15% (above 0%: growing) | n/m | −51.62% (below 0%: shrinking) | 73.92% | (40.72%) | Compare |
| S SentinelOne, Inc. | $8.1B | — (loss-making) | — (loss-making) | +20.56% (above 0%: growing) | n/m | −83.92% (below 0%: shrinking) | 72.07% | (31.08%) | Compare |
| DBX Dropbox, Inc. | $8.0B | 19.5× | 15.5× | +0.93% (above 0%: growing) | −6.52% (below 0%: shrinking) | −10.29% (below 0%: shrinking) | 80.21% | 26.10% | Compare |
| PATH UiPath, Inc. | $7.2B | 19.1× | 35.0× | +13.42% (above 0%: growing) | +2,233.33% (above 0%: growing) | −29.52% (below 0%: shrinking) | 80.36% | 7.70% | Compare |
| QLYS Qualys, Inc. | $6.7B | 31.2× | 19.9× | +11.04% (above 0%: growing) | +15.38% (above 0%: growing) | +72.34% (above 0%: growing) | 83.40% | 33.98% | Compare |
| DOX Amdocs Limited | $6.5B | 14.2× | 10.2× | +2.66% (above 0%: growing) | −57.55% (below 0%: shrinking) | −18.84% (below 0%: shrinking) | 39.76% | 8.90% | Compare |
| Median of peers | $8.0B | 19.3× | 17.7× | +15.12% | +4.43% | −24.18% | 77.07% | (5.69%) |
Zeta Global Holdings Corp. (ZETA) key facts
- Strength: Zeta Global Holdings Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 29.7% from fiscal 2024.
- Zeta Global Holdings Corp. (ZETA) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, ZETA traded at $31.68, a market capitalization of $8.4 billion.
- Return on equity was −4.25% and debt-to-equity 0.21.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.95 (safe zone) for fiscal 2025.