ZIFF DAVIS, INC.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
ZD$51.14+1.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)
| Nine months ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $46,984 | $(1,040) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 170,757 | 151,945 |
| Non-cash operating lease costs | 5,603 | 8,392 |
| Share-based compensation | 33,676 | 30,633 |
| Provision for credit losses on accounts receivable | 2,493 | 2,289 |
| Provision for credit losses on investments | 17,566 | — |
| Deferred income taxes, net | 1,167 | (14,575) |
| Loss on sale of businesses | — | 3,780 |
| Goodwill impairment | 17,579 | 85,273 |
| Changes in fair value of contingent consideration | (2,834) | — |
| Income from equity method investments, net | (11,783) | (8,095) |
| (Gain) loss on investments, net | (5,018) | 7,654 |
| Other | 2,403 | 2,390 |
| Decrease (increase) in: | ||
| Accounts receivable | 187,760 | 46,576 |
| Prepaid expenses and other current assets | (10,325) | (8,152) |
| Other assets | 14,658 | (2,794) |
| Increase (decrease) in: | ||
| Accounts payable | (240,398) | (66,313) |
| Deferred revenue | (4,708) | 9,269 |
| Accrued liabilities and other current liabilities | (9,594) | (15,150) |
| Net cash provided by operating activities | 215,986 | 232,082 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (85,888) | (79,476) |
| Acquisitions, net of cash received | (67,086) | (211,526) |
| Distribution from equity method investment | 10,756 | — |
| Proceeds from sale of equity method investment | 860 | — |
| Proceeds from sale of equity investments | 25,250 | 19,455 |
| Proceeds from sale of businesses, net of cash divested | — | 7,860 |
| Other | (263) | (884) |
| Net cash used in investing activities | (116,371) | (264,571) |
| Cash flows from financing activities: | ||
| Payment of debt | — | (134,989) |
| Repurchase of common stock | (113,221) | (183,981) |
| Issuance of common stock under employee stock purchase plan | 3,751 | 4,525 |
| Deferred payments for acquisitions | (213) | (7,442) |
| Other | (1,783) | (1,209) |
| Net cash used in financing activities | (111,466) | (323,096) |
| Effect of exchange rate changes on cash and cash equivalents | 9,339 | 4,095 |
| Net change in cash and cash equivalents | (2,512) | (351,490) |
| Cash and cash equivalents at beginning of period | 505,880 | 737,612 |
| Cash and cash equivalents at end of period | $503,368 | $386,122 |
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