The company has successfully improved its financial flexibility by eliminating all debt, moving from a debt-to-equity ratio of 1.02 in 2023Q4 to zero by 2026Q1.
| Total Current Assets | 649.31M | 685.78M | 616.54M | 309.75M | 236.45M | 196.06M | 141.37M | 150.92M |
| Cash & Short-Term Investments | 288.78M | 319.76M | 366.16M | 131.73M | 121.11M | 103.86M | 50.73M | 37.48M |
| Cash Only | 288.78M | 319.76M | 366.16M | 131.73M | 121.11M | 103.86M | 50.73M | 37.48M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 321.66M | 322.39M | 235.23M | 170.13M | 106.32M | 83.58M | 79.37M | 102.4M |
| Days Sales Outstanding | 74.15 | 90.19 | 85.37 | 85.21 | 65.67 | 66.56 | 78.69 | 122.12 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 38.87M | 14.66M | 1.81M | 1.62M | 1.87M | 1.65M | 7.37M | 7.69M |
| Total Non-Current Assets | 797.88M | 817.74M | 514.62M | 255.03M | 243.56M | 206.02M | 148.43M | 169.18M |
| Property, Plant & Equipment | 34.63M | 34.49M | 17.66M | 14.05M | 13.37M | 5.63M | 6.12M | 6.99M |
| Fixed Asset Turnover | 51.30x | 37.82x | 56.94x | 51.85x | 44.20x | 81.41x | 60.18x | 43.77x |
| Goodwill | 522.01M | 527.89M | 325.99M | 140.91M | 133.07M | 114.51M | 76.43M | 78.15M |
| Intangible Assets | 202.85M | 249.46M | 144.13M | 80.91M | 81.07M | 79M | 61.48M | 74.66M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 334K |
| Other Non-Current Assets | 37.16M | 4.69M | 6.43M | 4.37M | 1.8M | 1.11M | 521K | 2M |
| Total Assets | 1.45B | 1.5B | 1.13B | 564.78M | 480.01M | 402.07M | 289.8M | 320.1M |
| Asset Turnover | 1.10x | 0.87x | 0.89x | 1.29x | 1.23x | 1.14x | 1.27x | 0.96x |
| Asset Growth % | 186.81% | 32.92% | 100.28% | 17.66% | 19.38% | 38.74% | -9.47% | - |
| Total Current Liabilities | 314.21M | 429.48M | 199.34M | 176.38M | 128.71M | 105.76M | 103.98M | 110.18M |
| Accounts Payable | 32.16M | 40.14M | 43.66M | 63.57M | 33.67M | 21.71M | 40.98M | 36.53M |
| Days Payables Outstanding | 26.2 | 28.52 | 34.98 | 71.26 | 45.97 | 35.92 | 79.16 | 92.14 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 80.72M | 35.4M | 10.35M | 3.3M | 2.23M | 6.87M | 4.05M | 1.47M |
| Other Current Liabilities | 244.62M | 353.95M | 89.25M | 109.51M | 92.81M | 77.18M | 39.25M | 62.16M |
| Current Ratio | 2.07x | 1.60x | 3.09x | 1.76x | 1.84x | 1.85x | 1.36x | 1.37x |
| Quick Ratio | 2.07x | 1.60x | 3.09x | 1.76x | 1.84x | 1.85x | 1.36x | 1.37x |
| Cash Conversion Cycle | 47.94 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 252.66M | 269.45M | 255.02M | 207.88M | 223.27M | 205.83M | 270.83M | 242.04M |
| Long-Term Debt | 0 | 197.08M | 196.29M | 184.15M | 183.95M | 183.61M | 189.69M | 183.1M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 35.05M | 17.27M | 19.79M | 14.07M | 13.51M | 4.81M | 3.52M | 6.78M |
| Other Non-Current Liabilities | 234.88M | 55.1M | 38.95M | 9.66M | 25.81M | 17.41M | 77.62M | 52.16M |
| Total Liabilities | 566.87M | 698.93M | 454.36M | 384.26M | 351.98M | 311.59M | 374.81M | 352.22M |
| Total Debt | 0 | 197.08M | 196.29M | 184.15M | 183.95M | 183.61M | 189.69M | 183.1M |
| Net Debt | -288.78M | -122.68M | -169.87M | 52.41M | 62.84M | 79.75M | 138.97M | 145.62M |
| Debt / Equity | 0.00x | 0.24x | 0.29x | 1.02x | 1.44x | 2.03x | - | - |
| Debt / EBITDA | 0.00x | 2.55x | - | - | - | - | 4.80x | 7.59x |
| Net Debt / EBITDA | -3.73x | -1.58x | - | - | - | - | 3.52x | 6.04x |
| Interest Coverage | 5.22x | -88.18x | -9.49x | -16.04x | -37.44x | -34.57x | -2.22x | -1.42x |
| Total Equity | 880.33M | 804.59M | 676.8M | 180.52M | 128.03M | 90.49M | -85.01M | -32.12M |
| Equity Growth % | 304.32% | 18.88% | 274.92% | 41% | 41.49% | 206.44% | -164.63% | - |
| Book Value per Share | - | 3.62 | 3.64 | 1.15 | 0.92 | 0.71 | -2.61 | -0.99 |
| Total Shareholders' Equity | 880.33M | 804.59M | 676.8M | 180.52M | 128.03M | 90.49M | -85.01M | -32.12M |
| Common Stock | 249K | 245K | 237K | 218K | 207K | 198K | 115K | 102K |
| Retained Earnings | -1.07B | -1.06B | -1.03B | -958.54M | -771.06M | -491.82M | -242.25M | -189.03M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -23.47M | -23.47M |
| Accumulated OCI | -5.41M | 466K | -2.01M | -2.01M | -2.04M | -2.1M | -2.04M | -1.85M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High stock-based compensation dilution
According to recent financial statements, Zeta Global has significantly expanded its total asset base from $564.8 million in 2023Q4 to $1.4 billion by 2026Q1, a trend that suggests the company is aggressively scaling its infrastructure to support its rapid top-line growth trajectory.
The rapid growth in total assets appears to be driven by both organic investment and strategic acquisitions, as evidenced by the rise in goodwill. Investors should monitor whether this asset accumulation translates into sustainable long-term competitive advantages or if it merely reflects the high capital intensity required to maintain the platform's data-driven capabilities.
As reported in quarterly filings, Zeta Global has successfully reduced its debt-to-equity ratio from 1.02 in 2023Q4 to zero by 2026Q1, indicating a strategic shift toward a cleaner capital structure that minimizes interest expense and reduces the company's vulnerability to credit market volatility.
The elimination of debt suggests that management is prioritizing financial stability, which may be a prudent move given the inherent variability of the company's usage-based revenue model. This transition to a debt-free balance sheet provides a significant buffer against potential macroeconomic headwinds that could otherwise pressure a more leveraged enterprise.
Based on reported figures, Zeta's equity base has grown to $880.3 million as of 2026Q1, yet this expansion is heavily influenced by persistent stock-based compensation that continues to dilute existing shareholders despite the company's ongoing efforts to scale its operations and improve its overall financial position.
The reliance on equity-based incentives to attract and retain talent creates a persistent wedge between the company's reported growth and the actual economic value accruing to common shareholders. Analysts should remain cautious, as the continued issuance of shares may mask the true cost of operations and complicate the path toward GAAP profitability.
As indicated by the most recent balance sheet data, Zeta maintains a current ratio of 2.07, providing a comfortable liquidity cushion that appears sufficient to cover near-term operational requirements and potential fluctuations in working capital needs as the business continues to scale its enterprise customer base.
The company's cash position of $288.8 million as of 2026Q1 suggests a healthy liquidity profile that allows for continued investment in the platform's identity graph and AI capabilities. This buffer is essential for navigating the lumpy nature of enterprise contract renewals and the inherent volatility of usage-based revenue streams.
Analysis of recent SEC filings reveals that goodwill has risen to $522.0 million as of 2026Q1, representing a substantial portion of total assets that warrants further investigation into the underlying valuation of past acquisitions and the potential for future impairment charges if growth targets are not met.
While the current asset mix supports the company's growth narrative, the significant goodwill balance suggests that the balance sheet is sensitive to the performance of acquired technologies. Investors should monitor whether these acquisitions continue to deliver the expected synergies or if they represent an overpayment that could eventually necessitate a write-down.
Quick answers to the most common questions about buying ZETA stock.
As of 2025, Zeta Global Holdings Corp. (ZETA) had total assets of $1.50B including $685.8M in current assets.
Zeta Global Holdings Corp. (ZETA) carries total debt of $197.1M, offset by $319.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Zeta Global Holdings Corp. (ZETA) has total shareholders' equity (book value) of $804.6M ($3.62 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Zeta Global Holdings Corp. (ZETA) reported a current ratio of 1.60x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.