ZILLOW GROUP, INC.

For the period ended Mar 31, 2025. Filed May 7, 2025.

About this filing

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.

Mar 31, 2025 · Filed May 7, 2025

ZG$31.28+3.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

(in millions, except share data, unaudited)

	March 31, 2025	December 31, 2024
Assets
Current assets:
Cash and cash equivalents	$914	$1,082
Short-term investments	689	776
Accounts receivable, net	115	104
Mortgage loans held for sale	185	159
Prepaid expenses and other current assets	247	210
Restricted cash	4	3
Total current assets	2,154	2,334
Contract cost assets	27	25
Property and equipment, net	364	360
Right of use assets	57	59
Goodwill	2,823	2,823
Intangible assets, net	297	207
Other assets	24	21
Total assets	$5,746	$5,829
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	$35	$30
Accrued expenses and other current liabilities	111	105
Accrued compensation and benefits	52	57
Borrowings under credit facilities	173	145
Deferred revenue	70	62
Lease liabilities, current portion	15	14
Convertible senior notes	419	418
Total current liabilities	875	831
Lease liabilities, net of current portion	80	83
Other long-term liabilities	37	67
Total liabilities	992	981
Commitments and contingencies (Note 11)
Shareholders’ equity:
Preferred stock, $0.0001 par value; authorized — 30,000,000 shares; no shares issued and outstanding	—	—
Class A common stock, $0.0001 par value; authorized — 1,245,000,000 shares; issued and outstanding — 51,874,170 and 54,333,292 shares as of March 31, 2025 and December 31, 2024, respectively	—	—
Class B common stock, $0.0001 par value; authorized — 15,000,000 shares; issued and outstanding — 6,217,447 shares	—	—
Class C capital stock, $0.0001 par value; authorized — 600,000,000 shares; issued and outstanding — 183,227,934 and 181,937,981 shares as of March 31, 2025 and December 31, 2024, respectively	—	—
Additional paid-in capital	6,628	6,733
Accumulated other comprehensive loss	—	(3)
Accumulated deficit	(1,874)	(1,882)
Total shareholders’ equity	4,754	4,848
Total liabilities and shareholders’ equity	$5,746	$5,829

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.