Quality Investor

Zeta Global Holdings Corp.

Rank #66HypergrowthWatchlistCompare with other stocks

ZETA · NYSE · Technology

Zeta Global Holdings Corp. (ZETA) — Rank #66 by gross profitability (GP/assets 0.54) · ROE -3.4% · Piotroski F-Score 5 / 9.

As-of 2026-10-30 · CIK 0001851003 · all metrics point-in-time as of the filing date.

About

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

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The company operates Zeta Marketing platform, a single platform that enable enterprises to acquire, grow, and retain consumer relationships efficiently and effectively than alternative solutions; and Zeta Messaging, an email service provider, offering end-to-end AI-powered omnichannel messaging capabilities, as well as integrated data management, enterprise-scale delivery and support, and sophisticated omnichannel orchestration. In addition, the company offers Zeta Consumer Data platform (CDP+), a system of record for consumer information, delivers a single, actionable view of customers and prospects that include real-time identifiers and signals, and other key attributes; and Zeta's DSP for customers to maximize the power of paid media to engage the right audiences with precision and efficiency, as well as delivers experiences via desktop, inbox, mobile, CTV and social, and others. Further, it operates Athena by Zeta, an interface to Zeta's AI-native infrastructure layer and intends to power all intelligent decisioning, automation, and user interaction; and Zeta Answers that synthesize trillions of behavioral signals into intent-based scores tied to a unique individual. The company has a strategic partnership with Palantir Technologies Inc. for the development of enterprise AI infrastructure layer that connects operational intelligence, customer intelligence, and marketing execution. Zeta Global Holdings Corp. has a strategic alliance with Fireworks.ai, Inc. to develop the Athena Inference Model (AIM), a collection of specialized open-weight models powering AthenaOS, to help customers generate insights faster, improve efficiency and scale specialized AI across the enterprise.

The company was incorporated in 2007 and is headquartered in New York, New York.

Industry
Software - Infrastructure
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

3,300

Industry

Software - Infrastructure

Exchange

NYSE

11/12

Flags passed

ZETA passes 11/12 quality flags

1 caution to review

  • CAUTION
    Dilution above 2%

    Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

  • PASS
    Gross margin holding
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.54
Return on equity
-3.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.58
Current ratio
2.38×
Net cash
$112.47M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
13.6%

Growth

1/2 pass
Revenue growth
29.7%
Piotroski F-Score
5 / 9
Share dilution
18.7%

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 86th percentile of 36 SIC 7372 peers

Gross profitability (GP / assets)

0.54

Primary signal (Novy-Marx).

86th pctl of 36 SIC 7372 peers

Return on equity

-3.4%

Gross margin

60.6%

26th pctl of 36 SIC 7372 peers

Revenue growth (YoY)

29.7%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

30.2%

Revenue CAGR (5Y)

28.8%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

48.7%

Cash Flow Health

Is the cash real?

No warning flags · FCF 687% above net income

Free cash flow

$185.09M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

687.4%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

13.6%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

Caution: Dilution above 2% · net cash $112.47M, F-Score 5/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.58

52nd pctl of 32 SIC 7372 peers (best = lowest)

Current ratio

2.38×

63rd pctl of 36 SIC 7372 peers

Quick ratio

2.24×

Net cash

$112.47M

Cash & equivalents minus total debt.

Piotroski F-Score

5 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

1.7 / 5

Weak
Share count trend
18.7%0/5 Weak
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-3.1%2/5 Fair

Lifecycle Phase History

20202025
Hypergrowth

Price History

ZETA+345.2% · +34.7% CAGRSPY+82.9% · +12.8% CAGR