Zeta Global Holdings Corp. (ZETA) Balance Sheet
ZETA balance sheet, 2025
December 31, 2025 · U.S. dollars$1.50B assets = $698.9M liabilities + $804.6M equity
Both columns are drawn to the same scale: what ZETA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ZETA financial health
Descriptive bands, not a rating. Fiscal 2025.
ZETA balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $320.1M2019 | $1.50B2025 | +29.4%/yr | |
| Total liabilities | $352.2M2019 | $698.9M2025 | +12.1%/yr | |
| Shareholders’ equity | −$32.1M2019 | $804.6M2025 | — | |
| Cash & short-term investments | $37.5M2019 | $319.8M2025 | +42.9%/yr | |
| Total debt | $183.1M2019 | $197.1M2025 | +1.2%/yr | |
| Net cash (debt) | −$145.6M2019 | $122.7M2025 | +$268.3M | |
| Working capital | $40.7M2019 | $256.3M2025 | +$215.6M | |
| Book value per share | $0.462021 | $3.622025 | +67.7%/yr | |
| Current ratio | 1.372019 | 1.602025 | +0.23 | |
| Debt / equity | 2.742021 | 0.242025 | −2.49 | |
| Shares outstanding | 197.8M2021 | 222.4M2025 | +3.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZETA assets
ZETA liabilities and equity
ZETA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ZETA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $319.8M | $366.2M | $131.7M | $121.1M | $103.9M | $50.7M | $37.5M |
| Cash & equivalents | $319.8M | $366.2M | $131.7M | $121.1M | $103.9M | $50.7M | $37.5M |
| Receivables | $322.4M | $235.2M | $170.1M | $106.3M | $83.6M | $79.4M | $102.4M |
| Inventory | $0 | $0 | $0 | $7.2M | $7.0M | $3.9M | $3.4M |
| Other current assets | $43.6M | $15.2M | $7.9M | $1.9M | $1.6M | $7.4M | $7.7M |
| Total current assets | $685.8M | $616.5M | $309.8M | $236.4M | $196.1M | $141.4M | $150.9M |
| Property, plant & equipment (net) | $34.5M | $17.7M | $14.1M | $13.4M | $5.6M | $6.1M | $7.0M |
| Goodwill & intangible assets | $777.3M | $470.1M | $221.8M | $214.1M | $193.5M | $137.9M | $152.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.9M | $26.8M | $19.2M | $16.1M | $2.1M | $4.4M | $9.4M |
| Total assets | $1.50B | $1.13B | $564.8M | $480.0M | $397.3M | $289.8M | $320.1M |
| Liabilities | |||||||
| Accounts payable | $40.1M | $43.7M | $63.6M | $33.7M | $21.7M | $41.0M | $36.5M |
| Short-term debt | — | — | $1.8M | — | $64.0M | $44.6M | $43.9M |
| Deferred revenue | $35.4M | $10.3M | $3.3M | $2.2M | $6.9M | $4.1M | $1.5M |
| Total current liabilities | $429.5M | $199.3M | $176.4M | $128.7M | $105.8M | $104.0M | $110.2M |
| Long-term debt | $197.1M | $196.3M | $184.1M | $184.0M | $183.6M | $189.7M | $183.1M |
| Other long-term liabilities | $72.4M | $58.7M | $23.7M | $39.3M | $17.4M | $81.1M | $58.9M |
| Total liabilities | $698.9M | $454.4M | $384.3M | $352.0M | $306.8M | $374.8M | $352.2M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $245,000 | $237,000 | $218,000 | $207,000 | $198,000 | $115,000 | $102,000 |
| Retained earnings (deficit) | −$1.06B | −$1.03B | −$958.5M | −$771.1M | −$491.8M | −$242.3M | −$189.0M |
| Accumulated other comprehensive income | $466,000 | −$2.0M | −$2.0M | −$2.0M | −$2.1M | −$2.0M | −$1.8M |
| Total shareholders' equity | $804.6M | $676.8M | $180.5M | $128.0M | $90.5M | −$85.0M | −$32.1M |
| Key figures | |||||||
| Total debt | $197.1M | $196.3M | $184.1M | $184.0M | $247.6M | $189.7M | $183.1M |
| Net cash (debt) | $122.7M | $169.9M | −$52.4M | −$62.8M | −$143.7M | −$139.0M | −$145.6M |
| Working capital | $256.3M | $417.2M | $133.4M | $107.7M | $90.3M | $37.4M | $40.7M |
| Tangible book value | $27.2M | $206.7M | −$41.3M | −$86.1M | −$103.0M | −$222.9M | −$184.9M |
| Book value per share | $3.62 | $3.64 | $1.15 | $0.92 | $0.46 | — | — |
| Shares outstanding | 222.4M | 186.0M | 156.7M | 139.0M | 197.8M | — | — |
| Current ratio | 1.60 | 3.09 | 1.76 | 1.84 | 1.85 | 1.36 | 1.37 |
| Quick ratio | 1.50 | 3.02 | 1.71 | 1.77 | 1.77 | 1.25 | 1.27 |
| Debt / equity | 0.24 | 0.29 | 1.02 | 1.44 | 2.74 | — | — |
| Equity / assets | 53.5% | 59.8% | 32.0% | 26.7% | 22.8% | −29.3% | −10.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $310.0M | $288.8M | $319.8M | $385.2M | $365.3M | $364.4M | $366.2M | $418.5M | $154.7M | $141.6M | $131.7M | $120.8M |
| Cash & equivalents | $310.0M | $288.8M | $319.8M | $385.2M | $365.3M | $364.4M | $366.2M | $418.5M | $154.7M | $141.6M | $131.7M | $120.8M |
| Receivables | $327.1M | $321.7M | $322.4M | $272.3M | $251.0M | $223.8M | $235.2M | $203.7M | $182.8M | $160.6M | $170.1M | $140.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $6.5M |
| Other current assets | $40.6M | $38.9M | $43.6M | $31.6M | $13.9M | $13.6M | $15.2M | $11.4M | $10.1M | $8.7M | $7.9M | $1.8M |
| Total current assets | $677.7M | $649.3M | $685.8M | $689.1M | $630.2M | $601.8M | $616.5M | $633.6M | $347.6M | $310.9M | $309.8M | $269.5M |
| Property, plant & equipment (net) | $40.0M | $34.6M | $34.5M | $21.9M | $21.0M | $18.5M | $17.7M | $15.4M | $14.3M | $15.3M | $14.1M | $13.4M |
| Goodwill & intangible assets | $710.1M | $724.9M | $777.3M | $434.0M | $442.7M | $460.1M | $470.1M | $213.3M | $215.7M | $218.5M | $221.8M | $224.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $40.1M | $38.4M | $5.9M | $5.8M | $6.2M | $7.2M | $26.8M | $6.7M | $6.3M | $5.5M | $19.2M | $4.2M |
| Total assets | $1.47B | $1.45B | $1.50B | $1.15B | $1.10B | $1.09B | $1.13B | $869.1M | $583.9M | $550.3M | $564.8M | $511.3M |
| Liabilities | ||||||||||||
| Accounts payable | $32.4M | $32.2M | $40.1M | $29.1M | $48.0M | $32.5M | $43.7M | $58.5M | $46.5M | $53.4M | $63.6M | $59.2M |
| Short-term debt | — | $9.8M | — | — | — | $4.1M | — | — | — | — | — | $73.1M |
| Deferred revenue | $33.9M | $37.4M | $35.4M | $4.0M | $3.9M | $6.0M | $10.3M | $3.6M | $3.7M | $4.5M | $3.3M | $2.3M |
| Total current liabilities | $284.6M | $314.2M | $429.5M | $228.8M | $193.8M | $180.8M | $199.3M | $190.9M | $176.0M | $164.4M | $176.4M | $162.5M |
| Long-term debt | $197.5M | $197.3M | $197.1M | $196.9M | $196.7M | $196.5M | $196.3M | $196.1M | $184.4M | $184.2M | $184.1M | $184.0M |
| Other long-term liabilities | $59.3M | $55.4M | $72.4M | $35.9M | $36.3M | $33.7M | $58.7M | $7.2M | $6.5M | $10.0M | $23.7M | $15.0M |
| Total liabilities | $541.3M | $566.9M | $698.9M | $461.6M | $426.8M | $411.0M | $454.4M | $394.2M | $366.8M | $358.7M | $384.3M | $361.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $251,000 | $249,000 | $245,000 | $238,000 | $237,000 | $236,000 | $237,000 | $230,000 | $219,000 | $219,000 | $218,000 | $214,000 |
| Retained earnings (deficit) | −$1.06B | −$1.07B | −$1.06B | −$1.07B | −$1.06B | −$1.05B | −$1.03B | −$1.04B | −$1.03B | −$998.1M | −$958.5M | −$923.3M |
| Accumulated other comprehensive income | −$6.4M | −$5.4M | $466,000 | −$2.2M | −$2.1M | −$2.0M | −$2.0M | −$1.9M | −$2.0M | −$2.1M | −$2.0M | −$2.1M |
| Total shareholders' equity | $926.5M | $880.3M | $804.6M | $689.2M | $673.3M | $676.6M | $676.8M | $474.9M | $217.0M | $191.6M | $180.5M | $149.8M |
| Key figures | ||||||||||||
| Total debt | $197.5M | $218.6M | $197.1M | $196.9M | $196.7M | $207.9M | $196.3M | $196.1M | $184.4M | $184.2M | $184.1M | $184.0M |
| Net cash (debt) | $112.5M | $70.2M | $122.7M | $188.3M | $168.6M | $156.5M | $169.9M | $222.4M | −$29.6M | −$42.6M | −$52.4M | −$63.2M |
| Working capital | $393.2M | $335.1M | $256.3M | $460.3M | $436.4M | $421.0M | $417.2M | $442.7M | $171.6M | $146.5M | $133.4M | $107.0M |
| Tangible book value | $216.4M | $155.5M | $27.2M | $255.2M | $230.5M | $216.5M | $206.7M | $261.5M | $1.4M | −$26.9M | −$41.3M | −$74.4M |
| Book value per share | $4.17 | $3.96 | $3.62 | $2.90 | $2.84 | $3.18 | $2.70 | $2.53 | $1.22 | $1.12 | $1.10 | $0.95 |
| Shares outstanding | 222.4M | 222.4M | 222.4M | 237.8M | 237.4M | 212.6M | 250.3M | 187.9M | 177.9M | 171.2M | 163.9M | 158.1M |
| Current ratio | 2.38 | 2.07 | 1.60 | 3.01 | 3.25 | 3.33 | 3.09 | 3.32 | 1.98 | 1.89 | 1.76 | 1.66 |
| Quick ratio | 2.24 | 1.94 | 1.50 | 2.87 | 3.18 | 3.25 | 3.02 | 3.26 | 1.92 | 1.84 | 1.71 | 1.61 |
| Debt / equity | 0.21 | 0.25 | 0.24 | 0.29 | 0.29 | 0.31 | 0.29 | 0.41 | 0.85 | 0.96 | 1.02 | 1.23 |
| Equity / assets | 63.1% | 60.8% | 53.5% | 59.9% | 61.2% | 62.2% | 59.8% | 54.6% | 37.2% | 34.8% | 32.0% | 29.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
ZETA financial position
At the end of fiscal 2025 (December 31, 2025), Zeta Global had total assets of $1.5 billion (up 32.9% from a year earlier), total liabilities of $698.9 million and shareholders' equity of $804.6 million. It held $319.8 million in cash and short-term investments against $197.1 million of debt, a net cash position of $122.7 million. Its current ratio was 1.60. In the latest quarter (ended June 30, 2026) total assets were $1.5 billion and equity $926.5 million.
Related: ZETA income statement, ZETA cash flow statement, ZETA key metrics. See the ZETA stock overview for the latest quote and news.
ZETA balance sheet FAQ
What are Zeta Global's total assets?
Zeta Global reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Zeta Global have?
Zeta Global had $197.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.24.
How much cash does Zeta Global have?
Zeta Global held $319.8 million in cash and short-term investments at the end of fiscal 2025; with $197.1 million of debt that is net cash of $122.7 million.
What is Zeta Global's book value?
Zeta Global's shareholders' equity (book value) was $804.6 million at the end of fiscal 2025, or $3.62 per share.
What is Zeta Global's current ratio?
Zeta Global had current assets of $685.8 million and current liabilities of $429.5 million, a current ratio of 1.60 (it can cover its short-term obligations).
How much goodwill does Zeta Global have?
Zeta Global carried $777.3 million of goodwill and intangible assets, 51.7% of total assets, at the end of fiscal 2025.