10-K · February 25, 2026
ZipRecruiter positions itself as an AI-powered employment marketplace that leverages proprietary data, network effects and an AI advisor (“Phil”) to connect employers and job seekers. Fiscal 2025 saw modest revenue…
Earnings analysis · 10-Q
ZIP earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
For Q1 2026, ZipRecruiter reported revenue of $107.5 million, a slight decrease of 2% compared to $110.1 million in Q1 2025, alongside a reduced net loss of $4.7 million versus $12.8 million in the prior year. The…
Read full summary
For Q1 2026, ZipRecruiter reported revenue of $107.5 million, a slight decrease of 2% compared to $110.1 million in Q1 2025, alongside a reduced net loss of $4.7 million versus $12.8 million in the prior year. The company highlighted improved Adjusted EBITDA of $9.7 million, marking a significant increase from $5.9 million year-over-year. However, decreased revenue per Paid Employer indicates challenges in monetization despite maintaining a stable employer base.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.04
- Segment
- Subscription
- Segment
- Performance-based
What stood out
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Revenue Decline Stabilization
Reported revenue of $107.5 million, a 2% decrease from $110.1 million in Q1 2025.
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Improved Net Loss
Net loss narrowed to $4.7 million from $12.8 million year-over-year.
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Increased Adjusted EBITDA
Adjusted EBITDA rose to $9.7 million from $5.9 million in the same quarter last year.
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Increased Paid Employers
Quarterly Paid Employers up by 2% to 63,329 compared to prior quarter.
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Cost Control
Sales and marketing expenses decreased by $3.5 million to $55 million compared to Q1 2025.
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Robust Cash Position
Cash, cash equivalents, and marketable securities totaled $393.5 million, supporting operational stability.
What to watch
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Year-over-Year Revenue Decline
Revenue declined by $2.5 million year-over-year, suggesting market challenges.
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Increasing Net Loss
Continues to bear a net loss of $4.7 million, indicating financial pressures.
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Fluctuating Revenue per Employer
Revenue per Paid Employer declined from $1,889 to $1,698, reflecting decreasing spending patterns.
Management's outlook
No specific numeric guidance provided for future quarters.
Earlier filings 4
10-Q · November 6, 2024
ZipRecruiter reported Q3 2024 revenue of $117,084,000 and GAAP diluted loss per share of $(0.03). Revenue and profitability deteriorated materially year-over-year (revenue down $38,546,000, operating loss of $3,239,000)…
10-K · February 28, 2024
ZipRecruiter positions itself as an AI-powered two-sided hiring marketplace with proprietary data, a #1-rated job seeker app and network effects (jobs → job seekers → employers). The company reported revenue of $645.7…
10-Q · August 8, 2023
ZipRecruiter reported a disappointing Q2 2023 with revenue declining 29.0% year-over-year to $170.42 million, primarily due to a decrease in performance-based revenue, which fell 36.5%. Despite the revenue decline, the…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.