← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Zillow grew revenue, remained profitable, generated positive free cash flow at a -1.3% operating margin. Operating margin remained slightly negative despite positive net income and free cash flow.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 15.5%OK
- Profitability — The company moved from a net loss of $112M to net income of $23MOK
- Cash flow — Free cash flow declined 17.5% to $235M from $285MWatch
- Margins — Operating margin expanded 749 bps to -1.32%OK
- Accounting — Operating margin remained slightly negative despite positive net income and free cash flowNote
- Insiders — 0 purchases and 88 salesWatch
Business
Zillow operates housing marketplaces, rental listings and real-estate software.
Where the revenue comes from
Fiscal 2025, as ZILLOW GROUP, INC. reports it. History and quarterly detail are in the app.
- Total For Sale revenue$1.9B
- Rentals$630.0M
- Other$50.0M
Leadership changes
From ZILLOW GROUP, INC.'s own filings, the day they're filed.
- Jun Choo · Chief Operating Officer · appointmenteff. 2024-11-14
- J. William Gurley · Directors · appointmenteff. 2024-01-06
- Vested Option · departure
Latest filings
- 8-K · Company announcement2026-08-24
- 8-K · Company announcement2026-08-05
- 10-Q · Quarterly report2026-08-05
- 8-K · Company announcement2026-06-03
- 8-K · Company announcement2026-05-06
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about ZILLOW GROUP, INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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