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ZIP

ZipRecruiter, Inc.

ZIP

ZipRecruiter, Inc. • NYSE
$4.75 ▲ 1.50% (+0.07)
Market Cap $442.43 M
52w High $9.09
52w Low $3.35
Dividend Yield 0%
P/E -10.33
Volume 308.15K
Outstanding Shares 93.14M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $114.982M ▲ $107.494M ▲ $-9.822M ▼ -8.542% ▼ $-0.11 ▼ $2.308M ▲
Q2-2025 $112.232M ▲ $106.931M ▼ $-9.506M ▲ -8.47% ▲ $-0.1 ▲ $1.684M ▲
Q1-2025 $110.065M ▼ $110.079M ▲ $-12.831M ▼ -11.658% ▼ $-0.13 ▼ $-3.338M ▼
Q4-2024 $111.02M ▼ $103.532M ▼ $-10.793M ▼ -9.722% ▼ $-0.11 ▼ $4.229M ▼
Q3-2024 $117.084M $107.941M $-2.57M -2.195% $-0.026 $6.22M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $410.97M ▼ $573.552M ▼ $649.7M ▼ $-76.148M ▼
Q2-2025 $421.167M ▼ $592.398M ▼ $658.266M ▲ $-65.868M ▼
Q1-2025 $468.224M ▼ $629.376M ▼ $640.702M ▼ $-11.326M ▼
Q4-2024 $505.881M ▲ $664.06M ▲ $650.63M ▲ $13.43M ▼
Q3-2024 $497.573M $652.032M $638.441M $13.591M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.822M ▼ $2.611M ▼ $18.382M ▼ $-12.64M ▲ $8.353M ▲ $1.204M ▼
Q2-2025 $-9.506M ▲ $10.548M ▲ $29.437M ▼ $-57.606M ▼ $-17.621M ▼ $12.86M ▲
Q1-2025 $-12.831M ▼ $-9.914M ▼ $39.054M ▲ $-26.495M ▼ $2.645M ▲ $-12.828M ▼
Q4-2024 $-10.793M ▼ $12.492M ▲ $-14.905M ▲ $-4.769M ▲ $-7.182M ▲ $10.625M ▲
Q3-2024 $-2.57M $9.346M $-31.717M $-23.703M $-46.074M $7.215M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
License
License
 $180.00M ▲$90.00M ▼$90.00M ▲$90.00M ▲
Service
Service
 $50.00M ▲$20.00M ▼$20.00M ▲$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement ZipRecruiter’s revenue grew strongly coming out of the pandemic, peaked in 2022, and has since stepped down as hiring activity cooled. Despite that slowdown, the business still produces healthy gross profits, suggesting its core marketplace model remains attractive. Profitability has been on a bit of a roller coaster: the company was clearly profitable during the hiring boom, but has slipped to roughly break-even with a small loss more recently as demand softened and it continued to invest. Overall, this looks like a business with good underlying economics but meaningful exposure to the ups and downs of the job market.

Balance Sheet

Balance Sheet The balance sheet shows a relatively light asset base and a solid cash cushion for a company of its size, consistent with an online, asset‑light platform. The main concern is leverage: debt is large compared with the tiny equity base, which leaves a thinner safety buffer if conditions worsen. Equity has moved from negative to slightly positive over time, which is an improvement, but the capital structure still leans heavily on borrowing rather than retained profits. That mix makes ongoing cash generation and disciplined capital management especially important.

Cash Flow

Cash Flow Cash flow is a key strength. The company has repeatedly generated positive cash from its operations, even in more challenging years, and has converted most of that into free cash flow because its capital spending needs are very low. This pattern suggests a business that can fund its technology and growth initiatives primarily from internal resources rather than relying heavily on new capital. As long as the platform remains relevant and hiring volumes don’t collapse, the cash profile looks resilient relative to reported earnings swings.

Competitive Edge

Competitive Edge ZipRecruiter operates in a crowded field with heavyweight rivals like Indeed and LinkedIn, yet it has carved out a niche through its focus on AI‑driven matching and a highly streamlined employer experience. Its two‑sided marketplace benefits from network effects: more job seekers attract more employers and vice versa, and this constant activity feeds its data advantage. Features such as one‑click distribution of job posts across many sites and proactive candidate outreach help differentiate it from more passive job boards. The flip side is that it still competes head‑to‑head with much larger platforms, so marketing effectiveness and product quality remain critical to sustain its position.

Innovation and R&D

Innovation and R&D Innovation is centered on AI and data. The company’s matching engine, tools like the “Phil” AI career advisor, and feedback loops such as Candidate Calibration show an emphasis on using large datasets to improve both speed and quality of matches. Ongoing priorities appear to include making Phil more of a full career assistant, deepening integrations with enterprise HR systems, refining flexible and performance‑based pricing, and selectively expanding internationally. This suggests a focused R&D strategy: not building many unrelated products, but continuously sharpening the core matching engine and embedding it more deeply into employers’ workflows.

Summary

ZipRecruiter looks like an asset‑light, high‑margin marketplace that has ridden the hiring cycle up and down over the last few years. Revenue has cooled from its peak as the labor market normalized, and profitability has slipped back toward break‑even, but underlying cash generation remains solid. The balance sheet carries meaningful debt against a very small equity base, which heightens sensitivity to prolonged downturns yet is partially offset by consistent free cash flow. Competitively, the company leans on AI, data, and network effects to stand out in a market dominated by bigger players. Its future trajectory will likely hinge on two things: the health of the broader job market and its ability to keep turning AI innovation and product integration into durable, differentiated value for both employers and job seekers.

NEWS

November 24, 2025 · 8:30 AM UTC

New Jersey ZIP Reopens with $37.5 Million in New Funding

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November 19, 2025 · 9:00 AM UTC

ZipRecruiter to Participate at Upcoming Investor Conferences

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November 5, 2025 · 4:05 PM UTC

ZipRecruiter Announces Third Quarter 2025 Results

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October 21, 2025 · 9:00 AM UTC

ZipRecruiter Research Finds ‘The Great Freeze' Thawing as U.S. Employers Prepare to Ramp Up Hiring

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October 15, 2025 · 9:00 AM UTC

ZipRecruiter to Report Third Quarter 2025 Financial Results on November 5, 2025

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