ZILLOW GROUP, INC.
Key Highlights
- Zillow is classified as a "well-known seasoned issuer" and a "large accelerated filer," indicating robust financial controls and transparency.
- The company reported a significant market capitalization of $14.9 billion as of June 30, 2025, underscoring its considerable market presence.
- Zillow operates as a leading real estate marketplace, offering an on-demand experience for selling, buying, renting, and financing homes.
- The company leverages its brand strength, extensive data, and technology platform to maintain and enhance its competitive standing in a highly fragmented market.
Financial Analysis
ZILLOW GROUP, INC. 10-K Summary
This summary provides key insights from Zillow Group, Inc.'s 10-K filing for the fiscal year ended December 31, 2025. While this initial overview offers important context, we acknowledge that the full financial picture requires further detailed analysis.
Key Insights from the Filing's Metadata:
- Reporting Period: This report covers Zillow's full fiscal year, from January 1, 2025, to December 31, 2025, detailing its most recent annual performance.
- Company Standing: Zillow is classified as a "well-known seasoned issuer" and a "large accelerated filer." This means Zillow is a substantial, established company with a strong track record of timely and comprehensive SEC reporting, demonstrating robust financial controls and transparency.
- Market Capitalization: As of June 30, 2025, the market value of Zillow's publicly traded shares (excluding insider holdings) stood at a significant $14.9 billion. This figure underscores the company's considerable market presence and scale.
- Share Structure: Zillow operates with a multi-class stock structure, including Class A Common Stock (traded as ZG), Class B Common Stock, and Class C Capital Stock (traded as Z). As of February 4, 2026, approximately 45.9 million Class A shares, 6.2 million Class B shares, and 187.8 million Class C shares were outstanding. This structure often means shareholders have differing voting rights, with Class B shares typically holding more voting power.
Verified 10-K Summary Sections:
Below are the key sections from the 10-K filing, providing a snapshot of Zillow's operations and market position.
Business Overview (what the company does) Zillow Group, Inc. operates as a leading real estate marketplace, offering an on-demand experience for selling, buying, renting, and financing homes. Its platform connects consumers with local professionals and provides a suite of products and services designed to simplify real estate transactions.
Zillow's primary business segments typically include:
- Internet, Media & Technology (IMT): This segment encompasses its premier agent, rentals, and new construction marketplaces, along with other emerging businesses.
Zillow's mission is to empower consumers with data, inspiration, and knowledge about their homes, and to connect them with local professionals who can guide them through their home journey.
Competitive Position Zillow operates in a highly competitive and fragmented real estate market. Its primary competitors include other online real estate portals, traditional and technology-enabled real estate brokerages, and various service providers in the mortgage and rental sectors. Companies compete on factors such as brand recognition, user experience, comprehensiveness of listings, data quality, and the ability to attract and retain real estate professionals. Zillow leverages its brand strength, extensive data, and technology platform to maintain and enhance its competitive standing. It continuously innovates its product offerings and expands its ecosystem of services.
This summary provides a foundational understanding of Zillow's operations and market standing. For a complete investment decision, diving into the full 10-K document and financial statements is always recommended.
Risk Factors
- Zillow operates in a highly competitive and fragmented real estate market, facing competition from various online portals, brokerages, and service providers.
- The multi-class stock structure, with differing voting rights among Class A, B, and C shares, could impact shareholder influence.
Why This Matters
This 10-K summary provides investors with a crucial snapshot of Zillow Group, Inc.'s financial health and strategic positioning for the fiscal year ended December 31, 2025. Its classification as a "well-known seasoned issuer" and "large accelerated filer" signals a company with a strong track record of timely and transparent SEC reporting, which can instill confidence in its financial controls and governance. The reported market capitalization of $14.9 billion underscores Zillow's significant scale and market presence, offering a foundational understanding of its valuation.
Understanding Zillow's business overview as a leading real estate marketplace and its competitive positioning is vital for assessing its long-term growth potential and resilience. The multi-class stock structure, while common in tech companies, is an important detail for investors to consider, as it often implies differing voting rights that can impact shareholder influence. For any investor, these insights are the first step in evaluating Zillow's investment profile, highlighting both its strengths and the competitive challenges it faces.
What Usually Happens Next
Following this initial summary, investors and analysts typically delve into the full 10-K document to conduct a more granular analysis. This involves scrutinizing the detailed financial statements—including the income statement, balance sheet, and cash flow statement—along with the accompanying footnotes, which provide critical context and accounting policies. The Management's Discussion and Analysis (MD&A) section will be closely examined for management's perspective on performance, outlook, and key risks not explicitly detailed in this summary.
Based on the comprehensive review of the 10-K, financial analysts will update their earnings models, price targets, and investment ratings for Zillow. The company will likely host an earnings call or webcast to discuss the results, provide forward-looking guidance, and answer questions from investors and analysts. For individual investors, the next steps involve integrating these new insights into their personal investment thesis, monitoring market reactions, and observing how Zillow's strategic initiatives and competitive responses unfold in the subsequent quarters.
Financial Metrics
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Document Information
SEC Filing
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February 12, 2026 at 07:05 PM
This AI-generated analysis is for informational purposes only and does not constitute financial or investment advice. Always consult with qualified professionals and conduct your own research before making investment decisions.