ZILLOW GROUP, INC.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
View on SEC.govAbout 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, 2026 · Filed Nov 4, 2026
ZG$29.51-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(in millions, unaudited)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income (loss) | $(116) | $20 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 194 | 199 |
| Share-based compensation | 255 | 295 |
| Amortization of right of use assets | 7 | 6 |
| Amortization of contract cost assets | 19 | 16 |
| Other adjustments to reconcile net income (loss) to net cash provided by operating activities | (14) | (10) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (32) | (53) |
| Mortgage loans held for sale | (37) | (132) |
| Prepaid expenses and other assets | (163) | (67) |
| Contract cost assets | (18) | (18) |
| Lease liabilities | (12) | (9) |
| Accounts payable | 38 | 8 |
| Accrued expenses and other current liabilities | 246 | 32 |
| Accrued compensation and benefits | 21 | 2 |
| Deferred revenue | (16) | 7 |
| Other long-term liabilities | 1 | — |
| Net cash provided by operating activities | 373 | 296 |
| Investing activities | ||
| Proceeds from maturities of investments | 108 | 338 |
| Proceeds from sales of investments | 391 | 61 |
| Purchases of investments | (82) | (127) |
| Purchases of property and equipment | (104) | (105) |
| Purchases of intangible assets | (28) | (123) |
| Net cash provided by investing activities | 285 | 44 |
| Financing activities | ||
| Net borrowings on master repurchase agreements | 28 | 127 |
| Repurchases of Class A common stock and Class C capital stock | (846) | (438) |
| Settlement of 2025 Notes | — | (419) |
| Proceeds from settlement of capped call transactions | — | 38 |
| Payments for debt issuance costs | (2) | — |
| Proceeds from exercise of stock options | 24 | 176 |
| Payment of contingent consideration for acquisition | (27) | (30) |
| Net cash used in financing activities | (823) | (546) |
| Net decrease in cash, cash equivalents and restricted cash during period | (165) | (206) |
| Cash, cash equivalents and restricted cash at beginning of period | 773 | 1,085 |
| Cash, cash equivalents and restricted cash at end of period | $608 | $879 |
| Supplemental disclosures of cash flow information | ||
| Noncash transactions: | ||
| Write-off of fully depreciated property and equipment | $138 | $116 |
| Capitalized share-based compensation | 40 | 48 |
| Write-off of fully amortized intangible assets | 30 | 58 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.