Zeta Global Holdings Corp. — Earnings Quality Grade F
ZETA · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 90 days, change +5 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 29.7%, CFFO 48.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -18.8% vs revenue 29.7%. Normal
SG&A/Gross Profit = 72.4%, exceeds 70%
Gross margin 60.6%, change +0.4pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $0.2B, FCF/NI = -5.24
Accruals ratio = -15.3%. Low accruals
Cash $0.3B covers debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.8B = 97% of equity. Over 50%
Debt/EBITDA = 5.0x (>4x). Financial stress
Other assets -27.1% vs revenue 29.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 65% YoY
Manipulation Score
M-Score = -2.81 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25