Zillow Group, Inc. Class C
Z · Price history
Price at last available close
$30.77
+$3.43 (+12.55%) 1M
2026-10-28
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Company & revenue
About Zillow Group, Inc. Class C
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Zillow Group, Inc. functions as a prominent digital real estate enterprise, offering a variety of real estate platforms accessible through mobile applications and websites throughout the United States. The company's operations are divided into three principal segments: Homes, Internet, Media & Technology (IMT), and Mortgages. The Homes division facilitates the resale of properties and delivers extensive title and escrow services to both property purchasers and sellers, encompassing title examination for insurance, escrow administration, and other essential closing procedures.
How they make money
Zillow Group generates revenue primarily through its real estate marketplaces by selling advertising and lead-generation services to real estate professionals, including agents and brokers. Additionally, the company earns revenue through mortgage origination services via Zillow Home Loans, as well as through various software and technology solutions for real estate, rental, and mortgage professionals.
Products & services
Zillow Group operates a portfolio of real estate and home-related brands including Zillow, Trulia, and StreetEasy, providing platforms for buying, selling, renting, and financing homes. Services include Premier Agent advertising, mortgage origination, title and escrow services, and software tools for industry professionals.
Brands & revenue mix
Flagship real estate marketplace and consumer brand.
Separate brand revenue is not available in this research.Source
Real estate marketplace focused on consumer search and discovery.
Separate brand revenue is not available in this research.Source
Real estate marketplace focused on the New York City market.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
The company does not disclose any single customer accounting for a significant portion of its total revenue in its 2025 annual report.
Suppliers, materials & equipment
- Cloud computing and data hosting providers — The company relies on third-party cloud infrastructure providers to host its websites, mobile applications, and data services.Source
Competitors
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS turned negative at -0.02 versus 0.01 a year earlier.
Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Total debt increased 70.1% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
33
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
46
Weak
Financial Strength
70
Business Quality / Moat
33
Management
47
Growth Quality
40
Risk / Durability
16
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
21
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
33/100
Building Historical Record
Model Score 33/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Recent buyback activity is present
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for Z
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can Z maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is Z's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does Z's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What future growth or profitability would be needed to justify Z's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of Z's score?
Essential Investment Snapshot
Wall Street Score
33
Opportunity Score
21
Market Cap
$6.96B
P/E Ratio
119.9
EPS
$0.23
52-Week High
$79.40
52-Week Low
$26.67
Beta
2.00
Intrinsic Value
$6.51
Analyst Target
$60.00
Shares Outstanding
254.1M
Total Revenue
$2.81B
Total Debt
$558.0M
Dividend
No current dividend
Liquidation Value / Share
$16.95
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for Z
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~-1.8x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on Z.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Leading market position with high consumer traffic and brand recognition.
- +Extensive proprietary real estate data and technology infrastructure.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Internet Content & Information industry.
- −Dependence on the real estate market and macroeconomic conditions.
- −Regulatory risks related to mortgage lending and real estate brokerage activities.
- −Intense competition in the online real estate and mortgage industries.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
2 historical score records availablePrevious Score
32
Jul 24, 2026
Change
+0.6
points
Current Score
33
Oct 1, 2026
Category Changes
Z increased 0.6 points because Revenue improved by 4.9 points.
Positive Contributors
- + Revenue improved by 4.9 points
Projected Score
Projected Score
27
Projected Change
-6.2 points
Preliminary comparable-period financial changes suggest decline of approximately 6.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$30.77
Model Intrinsic Value
$6.51
Difference
+$24.26
+372.8% vs IV
Margin of Safety
-372.8%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.81B | $2.58B | $2.24B | $1.95B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $762.0M | $668.0M | $527.0M | $421.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $2.05B | $1.92B | $1.71B | $1.52B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $455.0M | $607.0M | $585.0M | $560.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $1.39B | $1.34B | $1.31B | $1.21B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $2.04B | $1.95B | $1.91B | $1.79B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $349.0M | $336.0M | $179.0M | $125.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $12.0M | -$32.0M | -$197.0M | -$270.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $18.0M | $18.0M | $36.0M | $36.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $60.0M | $25.0M | -$107.0M | -$154.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $5.0M | $2.0M | $5.0M | $4.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $55.0M | $23.0M | -$112.0M | -$158.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.23 | $0.10 | $-0.48 | $-0.68 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 228M | 242M | 234M | 234M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 228M | 254M | 234M | 234M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$772.0M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.02
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+70.1%
Cash Change
-2.6%
Margin Change
-0.8 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth. Pressure indicators included EPS growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 17.9%. EPS declined 341.0%. Cash declined 2.6%. Total debt increased 70.1%. Net income margin declined by 0.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
7
Smart Money
7
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
2 historical records2 historical score records available.
Historical Score Chart
2 of 2 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Internet Content & InformationNews
Zillow (Z) Reports Next Week: Wall Street Expects Earnings Growth
Rental demand is up 20% as high lending costs stifle the for-sale market
Zillow Costs Less Than $28 a Share. Here's Why I'd Still Not Buy One.
Zillow Group (NASDAQ:Z) & Weibo (NASDAQ:WB) Head-To-Head Review
Rumor Mill · Z
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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