Quarterly ResultMay 7, 2026, 04:28 PM
ZipRecruiter Q1 Net Loss Narrows to $4.74M; Revenue $107.55M
AI Summary
ZipRecruiter reported a significant reduction in net loss for Q1 2026, narrowing to $4.74 million from $12.83 million in the prior year. This improvement occurred despite a slight decrease in total revenue to $107.55 million. The company also saw a substantial increase in cash and cash equivalents, alongside reduced operating expenses and continued share repurchases.
Key Highlights
- Net loss improved by 63.07% to $4.74 million from $12.83 million year-over-year.
- Total revenue decreased 2.29% to $107.55 million from $110.07 million year-over-year.
- Basic and diluted net loss per share improved to $(0.06) from $(0.13) year-over-year.
- Cash and cash equivalents increased to $250.98 million from $188.03 million sequentially.
- Total operating expenses decreased 11.77% to $97.12 million from $110.08 million year-over-year.
- Subscription revenue decreased 4.45% to $81.57 million.
- Performance-based revenue increased 5.18% to $25.98 million.
- Repurchased $9.53 million of common stock in Q1 2026.