ZoomInfo Technologies Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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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.
Sep 30, 2024 · Filed Nov 12, 2024
GTM$3.51+0.3%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| ZoomInfo Technologies Inc. | ||||
|---|---|---|---|---|
| Consolidated Statements of Operations | ||||
| (in millions, except per share amounts; unaudited) | ||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $303.6 | $313.8 | $905.2 | $923.1 |
| Cost of service: | ||||
| Cost of service(1) | 37.7 | 35.3 | 107.9 | 104.4 |
| Amortization of acquired technology | 9.6 | 9.5 | 28.7 | 29.5 |
| Gross profit | $256.3 | $269.0 | $768.6 | $789.2 |
| Operating expenses: | ||||
| Sales and marketing(1) | 99.1 | 102.4 | 299.2 | 310.1 |
| Research and development(1) | 47.7 | 47.6 | 139.7 | 143.2 |
| General and administrative(1) | 60.6 | 50.5 | 247.0 | 130.4 |
| Amortization of other acquired intangibles | 5.4 | 5.4 | 16.2 | 16.5 |
| Total operating expenses | $212.8 | $205.9 | $702.1 | $600.2 |
| Income from operations | $43.5 | $63.1 | $66.5 | $189.0 |
| Interest expense, net | 9.6 | 11.9 | 29.5 | 33.8 |
| Loss on debt modification and extinguishment | — | — | 0.7 | 2.2 |
| Other income, net | (1.0) | (8.0) | (3.5) | (29.1) |
| Income before income taxes | $34.9 | $59.2 | $39.8 | $182.1 |
| Provision for income taxes | 11.1 | 29.0 | 25.3 | 69.3 |
| Net income | $23.8 | $30.2 | $14.5 | $112.8 |
| Net income per share of common stock: | ||||
| Basic | $0.07 | $0.08 | $0.04 | $0.28 |
| Diluted | 0.07 | 0.08 | 0.04 | 0.28 |
(1)Amounts include equity-based compensation expense, as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Cost of service | $2.7 | $4.3 | $7.9 | $11.8 |
| Sales and marketing | 12.3 | 17.5 | 38.1 | 54.6 |
| Research and development | 10.5 | 11.7 | 29.5 | 34.0 |
| General and administrative | 11.1 | 9.4 | 28.7 | 26.5 |
| Total equity-based compensation expense | $36.6 | $42.9 | $104.2 | $126.9 |
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