Zeta Global Holdings Corp. cash flow statement

In fiscal 2025, Zeta Global Holdings Corp.'s operations generated $199m of cash; it spent $13.8m on capital projects, leaving free cash flow of $185m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Zeta Global Holdings Corp.: cash flow statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	31	36	44	78	91	134	199	241
Depreciation and amortisation	34	40	46	52	51	56	72	83
Stock-based pay	0	0	259	299	243	195	178	195
Capital spending	3	2	9	22	20	26	14	17
Free cash flow	27	33	35	56	70	108	185	224
Free cash flow after stock pay	27	33	−224	−243	−173	−87	7	30

US$ millions unless shown otherwise. Fiscal quarters.

Zeta Global Holdings Corp.: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	34	44	35	42	58	64	50	69
Depreciation and amortisation	13	17	18	17	17	20	24	23
Stock-based pay	47	43	42	46	46	44	53	52
Capital spending	5	8	3	2	5	3	3	5
Free cash flow	30	35	32	40	52	61	47	64
Free cash flow after stock pay	−18	−8	−10	−7	7	17	−6	12

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Zeta Global Holdings Corp.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Zeta Global Holdings Corp.