Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Zillow Group, Inc. Class A

ZGNASDAQ
Wall Street Score · overall investment33/100
$31.87USD$-1.31 (-3.95%)
Company website www.zillow.com
Headquarters1301 Second Avenue, Seattle, WA, 98101, US
Financial statement currencyUSD · no FX conversion applied
Communication Services · Internet Content & Information
Price updated todayFinancials updated Oct 1, 2026

ZG · Price history

Price at last available close

$31.87

+$3.86 (+13.78%) 1M

2026-10-28

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Company & revenue

About Zillow Group, Inc. Class A

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. is a prominent digital real estate enterprise that manages a variety of property-related brands accessible via mobile applications and websites throughout the United States. Its operations are organized into three primary divisions: Homes, Internet, Media & Technology (IMT), and Mortgages. The Homes segment focuses on the buying and selling of properties, alongside providing essential title and escrow services to both purchasers and vendors.

How they make money

Zillow Group operates a real estate marketplace that generates revenue primarily through advertising services sold to real estate professionals, mortgage origination fees from Zillow Home Loans, and various software and technology solutions for the rental and residential real estate industries.

Products & services

Zillow Group provides a digital real estate platform including Zillow, Trulia, and StreetEasy portals, Zillow Home Loans mortgage services, and various software tools for real estate agents, brokers, and property managers.

Brands & revenue mix

Zillow

Primary real estate portal for home search and advertising.

Separate brand revenue is not available in this research.Source

Trulia

Real estate portal focused on neighborhood and local market data.

Separate brand revenue is not available in this research.Source

StreetEasy

Real estate portal 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

  • Real estate agents and brokersSource
  • Home buyers and sellersSource
  • Renters and property managersSource

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

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

  • Realtor.com — Operates a competing real estate marketplace for home listings and agent advertising.Source
  • Redfin — A residential real estate brokerage and technology company that competes for online traffic and real estate services.Source

Strengths

  • Large consumer audience and brand recognitionSource

Risks

  • Dependence on the residential real estate market and macroeconomic conditionsSource
  • Regulatory risks related to real estate and mortgage lendingSource

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

PoorElite

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

Weak Company · Expensive Stock

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.

What we like
  • •Balance-sheet / debt profile scores strongly
  • •Recent buyback activity is present
What to watch
  • •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 ZG

Research inputs 100% complete

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 ZG maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is ZG's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Does ZG's balance between cash and debt leave enough flexibility if business conditions weaken?
  • •What future growth or profitability would be needed to justify ZG's current valuation?
  • •What does the current fundamental change risk warning mean for the reliability or interpretation of ZG's score?
Debt service risk
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

33

0–100 · Poor

Opportunity Score

21

0–100 · Poor

Market Cap

$7.17B

P/E Ratio

122.2

EPS

$0.23

52-Week High

$76.32

52-Week Low

$27.25

Beta

1.98

Intrinsic Value

$6.51

Analyst Target

$48.00

Shares Outstanding

254.1M

Total Revenue

$2.81B

Total Debt

$558.0M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$16.95

Estimated net asset value per share

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.

0–100 market signals
Momentum
58/ 100
-15 pts / 5d

Neutral / mixed momentum

5D -1.7% · 20D +15.1% · RSI 57 · Price vs 20D avg +3.2%
Volatility
55/ 100
+9 pts / 5d

Elevated movement

20D realized vol 62.5% · 60D 57.4% · Acceleration 1.09x
Momentum = Where is it going?

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.

Volatility = How violently is it moving?

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 ZG

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 calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on ZG.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Large consumer audience and brand recognition.
  • +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 residential real estate market and macroeconomic conditions.
  • −Regulatory risks related to real estate and mortgage lending.

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 breakdown
Wall Street Score
Weak33/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

33

Tap for breakdown →

Elite

93

Debt Cost3.4%
Debt Reduction YoY18.8%
Debt / Equity0.11x

Tap for breakdown →

Poor

27

Revenue YoY8.8%
Revenue CAGR15.2%
Net Margin2.0%

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Poor

37

Asset Growth YoY-2.5%
Liquidation/Share$16.95
Net Assets/MCap0.69x

Tap for breakdown →

Poor

37

Earnings Yield0.8%
Buyback Yield8.5%
Debt Cost3.4%

Tap for breakdown →

Weak

47

ROIC-0.7%
ROE1.3%
ROA1.0%

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Poor

33

EPS Growth—
FCF/Share Growth-31.7%
Rev/Share Growth7.5%

Tap for breakdown →

Poor

0

Intrinsic Value$6.51
Value Reference$3.90
MOS-398.0%

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Weak

46

Revenue27
Moat33
Valuation0

Tap for breakdown →

Poor

0

MOS %-398.0%
Value Reference$3.90
Deep Discount Reference$2.60

Tap for breakdown →

Poor

39

Interest Coverage-1.8x
ROIC-0.7%
FCF Yield3.4%

Tap for breakdown →

Poor

27

Financial39
Valuation0
Debt93

Tap for breakdown →

Weak

40

Survival Years0.7 yrs
Current Ratio3.13x
FCF Margin9.1%

Tap for breakdown →

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Score Changes

2 historical score records available

Previous Score

32

Jul 24, 2026

Change

+0.6

points

Current Score

33

Oct 1, 2026

Category Changes

Revenue+4.9
Debt0
Assets+1.2
Capital0
Management-0.7
Moat0
Valuation0
Buffett+1.0

ZG 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

Overvalued

Current Price

$31.87

Model Intrinsic Value

$6.51

Difference

+$25.36

+389.7% vs IV

Margin of Safety

-389.7%

UndervaluedFair ValueOvervalued
Value Reference: $3.90
Deep Discount Reference: $2.60

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$700M$1.4B$2.1B$2.8B

Additional Metrics

Operating Cash Flow

201520172019202120232025-$5.0B-$2.5B$0$2.5B$5.0B

Total Debt

201520172019202120232025$0$650M$1.3B$1.9B$2.6B

Total Assets

201520172019202120232025$0$3.0B$6.0B$9.0B$12.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

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 ItemTTM2025202420232022202120202019201820172016
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$353.0M$336.0M$179.0M$104.0M····························
Operating Income$12.0M-$32.0M-$197.0M-$270.0M····························
Interest Expense$10.0M$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 Shares228M242M234M234M····························
Diluted Shares228M254M234M234M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026

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 350.0%. 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.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 121 days ago · Stale

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

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

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.

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Historical 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 Trial

Historical Trends

2 historical records
Jul 24, 2632
Oct 1, 2633

2 historical score records available.

Historical Score Chart

2 of 2 records shown

Wall Street Score

Jul 24, 26Oct 1, 260255075100

Debt Score

Jul 24, 26Oct 1, 260255075100

Revenue Score

Jul 24, 26Oct 1, 260255075100

Asset Score

Jul 24, 26Oct 1, 260255075100

Capital Score

Jul 24, 26Oct 1, 260255075100

Management Score

Jul 24, 26Oct 1, 260255075100

Moat Score

Jul 24, 26Oct 1, 260255075100

Valuation Score

Jul 24, 26Oct 1, 260255075100

Buffett Score

Jul 24, 26Oct 1, 260255075100

Intrinsic Value

Jul 24, 26Oct 1, 26$2.20$3.30$4.40$5.50$6.60

Value Reference

Jul 24, 26Oct 1, 26$1.40$2.10$2.80$3.50$4.20

Margin of Safety %

Jul 24, 26Oct 1, 26-3.0%-2.0%-1.0%0.0%1.0%

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News

Rumor Mill · ZG

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

Related Stock Research

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