ZILLOW GROUP, INC.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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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.
Jun 30, 2026 · Filed Aug 5, 2026
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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 EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Denominator for basic calculation | 227,896 | 241,083 | 231,767 | 241,667 |
| Effect of dilutive securities: | ||||
| Option awards | — | 7,649 | 1,768 | 8,653 |
| Unvested restricted stock units | — | 2,933 | 356 | 3,596 |
| Denominator for dilutive calculation | 227,896 | 251,665 | 233,891 | 253,916 |
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 EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Weighted-average capital stock option awards outstanding | 1,986 | 3,344 | 2,278 | 3,478 |
| Weighted-average capital stock restricted stock units outstanding | 12,395 | 4,145 | 9,169 | 2,844 |
| Capital stock issuable upon conversion of the 2025 Notes | — | 3,084 | — | 4,652 |
| Total capital stock equivalents | 14,381 | 10,573 | 11,447 | 10,974 |
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