Skip to main content
Midas Edge

ZILLOW GROUP, INC.

For the period ended Sep 30, 2025. Filed Oct 30, 2025.

View on SEC.gov

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.

Sep 30, 2025 · Filed Oct 30, 2025

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

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

See the whole filing, with its images and exhibits
Contents

Net Income (Loss) Per Share

Note 10. Net Income (Loss) Per Share

For the periods presented, the following table reconciles the denominators used in the basic and diluted net income (loss) per share calculations (in thousands):

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,
2025202420252024
Denominator for basic calculation242,326232,521241,889233,553
Effect of dilutive securities:
Option awards10,126—9,149—
Unvested restricted stock units3,791—3,662—
Denominator for dilutive calculation256,243232,521254,700233,553

For the periods presented, the following Class C capital stock equivalents were excluded from the calculations of diluted net income (loss) per share because their effect would have been antidilutive (in thousands):

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,
2025202420252024
Weighted-average Class C capital stock option awards outstanding2,72427,5573,22528,015
Weighted-average Class C capital stock restricted stock units outstanding10913,5671,92213,705
Weighted-average Class C capital stock issuable upon conversion of the 2024 Notes, 2025 Notes and 2026 Notes—27,2763,08430,826
Total Class C capital stock equivalents2,83368,4008,23172,546
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.