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ZILLOW GROUP, INC.

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 11, 2026

ZG$29.51-5.7%Stored close · as of Nov 10, 2026

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

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Contents

Notes to Consolidated Financial Statements

Index to Notes to Consolidated Financial Statements

Page
Note 1.Organization and Description of Business68
Note 2.Summary of Significant Accounting Policies69
Note 3.Financial Instruments78
Note 4.Property and Equipment, Net81
Note 5.Intangible Assets, Net81
Note 6.Accrued Expenses and Other Current Liabilities82
Note 7.Leases82
Note 8.Debt84
Note 9.Income Taxes86
Note 10.Shareholders’ Equity88
Note 11.Share-Based Awards89
Note 12.Net Income (Loss) Per Share92
Note 13.Commitments and Contingencies93
Note 14.Employee Benefit Plan95
Note 15.Revenue and Contract Balances95
Note 16.Segment Information95
Note 17.Subsequent Event96
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.