Quarterly ResultAug 5, 2026, 05:18 PM
ZoomInfo Q2 Net Loss $(643.7)M on $650.5M Goodwill Impairment
AI Summary
ZoomInfo Technologies Inc. reported a significant net loss of $(643.7) million for the second quarter of 2026, primarily due to a $650.5 million goodwill impairment charge. Revenue saw a modest increase of 1.2% to $310.4 million. The company also initiated a restructuring program in May 2026, impacting approximately 20% of its workforce and incurring $21.6 million in related charges during the quarter.
Key Highlights
- Q2 2026 Net Loss: $(643.7) million, compared to net income of $24.0 million in Q2 2025.
- Goodwill Impairment: $650.5 million charge recorded in Q2 2026.
- Q2 2026 Revenue: Increased 1.2% to $310.4 million from $306.7 million in Q2 2025.
- Basic EPS: $(2.19) per share in Q2 2026, down from $0.07 per share in Q2 2025.
- Restructuring Program: Approved in May 2026, reducing headcount by approximately 20% (600 employees).
- Restructuring Charges: $21.6 million incurred in Q2 2026, primarily for severance and employee benefits.
- Share Repurchases: Repurchased $28.2 million of common stock in Q2 2026.
- Remaining Buyback Authorization: $1,111.9 million available under the program.
Price Impact
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