ZipRecruiter, Inc.
- Open
- 3.87
- Day high
- 3.92
- Day low
- 3.79
- Prev close
- 3.75
- Volume
- 183K
- Mkt cap
- $315M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -3.8
- P/S
- 0.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$822K over the last 3 months (0 open-market buys, 11 sales)
- 🏛Institutions mixed (13F)
ZipRecruiter, Inc. (ZIP) is a Industrials company listed on NYSE. The stock is down 28% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 11 sales (SEC Form 4).
ZipRecruiter, Inc. (ZIP) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ZIP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.15 | $-0.06 | +60.0% | $108M | +1.2% |
| Feb 25, 2026 | $0.09 | $-0.01 | -110.6% | $112M | -0.4% |
| Nov 5, 2025 | $-0.15 | $-0.11 | +26.7% | $115M | +2.5% |
| May 8, 2025 | $-0.17 | $-0.13 | +23.5% | $110M | -2.7% |
| May 9, 2024 | $-0.07 | $-0.07 | +0.0% | $122M | +1.0% |
| Feb 22, 2024 | $0.07 | $0.05 | -28.6% | $136M | +5.9% |
| Feb 21, 2023 | $0.09 | $0.17 | +88.9% | $210M | +17.1% |
| Nov 9, 2022 | $0.12 | $0.17 | +41.7% | $227M | +3.3% |
| Aug 15, 2022 | $0.06 | $0.11 | +83.3% | $240M | +2.2% |
| May 11, 2022 | $0.00 | $0.07 | +1650.0% | $227M | +3.1% |
| Mar 1, 2022 | $0.12 | $0.16 | +33.3% | $220M | +6.3% |
| Aug 12, 2021 | $-0.19 | $-0.55 | -189.5% | $183M | +14.1% |
ZIP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 26, 2026 | SAKAMOTO RYAN T.officer: EVP, Chief Legal Officer | Sell | 2,978 | $3.86 |
| Jun 23, 2026 | TRAVERS DAVIDofficer: President and interim CFO | Sell | 24,706 | $2.99 |
| Jun 23, 2026 | SIEGEL IAN H.director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | Sell | 34,978 | $3.00 |
| Jun 23, 2026 | SIEGEL IAN H.director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | Sell | 9,722 | $3.01 |
| Jun 17, 2026 | TRAVERS DAVIDofficer: President and interim CFO | Tax | 37,558 | $3.61 |
| Jun 17, 2026 | SAKAMOTO RYAN T.officer: EVP, Chief Legal Officer | Option | 5,237 | — |
| Jun 17, 2026 | SHIMANOVSKY BORIS F.officer: EVP, Chief Technology Officer | Tax | 19,028 | $3.61 |
| Jun 17, 2026 | Bartolome Loraofficer: SVP, ACCOUNTING & CONTROLLER | Option | 4,275 | — |
| Jun 17, 2026 | SAKAMOTO RYAN T.officer: EVP, Chief Legal Officer | Option | 5,841 | — |
| Jun 17, 2026 | SAKAMOTO RYAN T.officer: EVP, Chief Legal Officer | Tax | 12,207 | $3.61 |
| Jun 17, 2026 | Garefis Amyofficer: EVP, Chief People Officer | Sell | 9,113 | $3.62 |
| Jun 17, 2026 | SHIMANOVSKY BORIS F.officer: EVP, Chief Technology Officer | Option | 20,444 | — |
| Jun 17, 2026 | Bartolome Loraofficer: SVP, ACCOUNTING & CONTROLLER | Tax | 5,211 | $3.61 |
| Jun 17, 2026 | SIEGEL IAN H.director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | Option | 25,556 | — |
| Jun 17, 2026 | Garefis Amyofficer: EVP, Chief People Officer | Option | 4,553 | — |
Source: ZIP SEC Form 4 filings, latest Jun 26, 2026. For informational purposes only — not investment advice.
See the full ZIP insider & 13F page →ZipRecruiter, Inc. company profile
Overview
ZipRecruiter, Inc. (NASDAQ:ZIP) is an online employment marketplace that connects job seekers with employers through its two-sided platform. Founded in 2010 and headquartered in Santa Monica, California, the company went public in May 2021. ZipRecruiter operates primarily in the United States and has expanded internationally with acquisitions like Breakroom in the UK. The company has navigated significant challenges in recent years due to a prolonged labor market downturn that began in 2022, resulting in declining revenues as hiring activity across industries has remained subdued.
Business
ZipRecruiter operates in the online recruitment and staffing services industry, which serves as an intermediary between employers seeking to fill positions and job seekers looking for employment opportunities. The recruitment industry has been transformed by digital platforms that have largely replaced traditional methods like newspaper classified ads and physical job boards. The company's core product is its two-sided marketplace platform that enables employers to post job listings and access candidate databases, while allowing job seekers to search and apply for positions with a single click. This marketplace model creates network effects where more employers attract more job seekers, and vice versa. The platform uses artificial intelligence and machine learning algorithms to match candidates with relevant job opportunities based on skills, experience, location, and other criteria. ZipRecruiter's primary offerings include: 1. Job Posting Services: Employers can post job listings that are distributed across ZipRecruiter's network and partner sites. The platform offers various pricing tiers and posting packages to accommodate different employer needs and budgets. 2. Resume Database Access: Employers can search through ZipRecruiter's database of candidate profiles and resumes to proactively identify potential hires. The company has recently launched a next-generation resume database with enhanced collaboration features. 3. Performance-Based Recruiting: This service model charges employers based on successful hires rather than upfront posting fees. Performance-based revenue represented approximately 22% of total revenue in recent quarters, showing strong growth potential. 4. Enterprise Solutions: ZipRecruiter offers specialized tools for larger organizations, including integration with Applicant Tracking Systems (ATS), automated campaign optimization, and dedicated account management. The company has integrations with over 140 ATS systems and recently achieved Workday certified integration status. 5. AI-Powered Features: The platform includes "Phil," an AI career advisor for job seekers, and ZipIntro, a feature that facilitates face-to-face meetings between employers and candidates. These tools aim to improve matching quality and user engagement. The company serves both small-to-medium businesses (SMBs) and enterprise clients, though it has been strategically focusing on expanding its enterprise customer base, which tends to be more resilient during economic downturns.
Revenue model
ZipRecruiter generates revenue through multiple business models centered around connecting employers with job seekers. The company's primary revenue streams include: Subscription-Based Job Postings: Employers pay monthly or annual fees for the ability to post job listings and access platform features. This represents the majority of ZipRecruiter's revenue, with pricing tiers based on the number of job postings and additional features like resume database access. Performance-Based Revenue: Approximately 22% of total revenue comes from performance-based pricing, where employers pay based on successful hires or qualified applications rather than upfront posting fees. This model has shown strong growth, increasing 48% year-over-year in 2022, as it aligns ZipRecruiter's incentives with employer success. Enterprise Services: Large corporate clients pay for specialized services including ATS integrations, dedicated account management, and advanced analytics. Enterprise customers typically generate higher revenue per client and demonstrate greater retention during economic downturns. The company's paying customers are primarily employers ranging from small local businesses to large multinational corporations. Recent financial data shows approximately 58,000-70,000 quarterly paid employers, with revenue per paid employer averaging around $1,700-$1,900 per quarter. Several factors significantly impact ZipRecruiter's margins and revenue: Macroeconomic Conditions: Labor market health directly affects demand for hiring services. The company has experienced substantial revenue declines since 2022 due to reduced hiring activity, with revenue falling from $905 million in 2022 to $474 million in 2024. Competition and Market Dynamics: ZipRecruiter competes with established players like Indeed, LinkedIn, and Monster, as well as emerging platforms. Competitive pressure can affect pricing power and customer acquisition costs. Customer Mix: Enterprise customers provide more stable revenue and higher margins compared to SMBs, which are more sensitive to economic fluctuations. The company is strategically targeting a 50-50 split between SMB and enterprise revenue. Technology Investments: Continued investment in AI, matching algorithms, and user experience can improve customer retention and pricing power, but requires significant upfront costs that pressure short-term margins. Marketing Efficiency: Customer acquisition costs through digital marketing and brand advertising directly impact profitability. The company maintains flexibility to adjust marketing spend based on market conditions and return on investment metrics.
Competitive moat
ZipRecruiter's competitive moat is moderate but faces significant challenges in the highly competitive online recruitment space. The company's primary defensive advantages include: Network Effects: As a two-sided marketplace, ZipRecruiter benefits from network effects where more employers attract more job seekers, and vice versa. However, these effects are not as strong as in other platform businesses because both employers and job seekers typically use multiple recruitment platforms simultaneously, reducing switching costs and exclusivity. Brand Recognition and Market Position: ZipRecruiter has achieved 80% aided brand awareness among both employers and job seekers, representing significant marketing investment and market penetration. The company has also built substantial web traffic, with 15% year-over-year growth and 30% growth in organic job seeker visits. Technology and AI Capabilities: The platform's matching algorithms, AI-powered features like "Phil" the career advisor, and extensive ATS integrations (140+ systems) create some differentiation. However, technology advantages in this space can be replicated by well-funded competitors. Data and Matching Quality: ZipRecruiter's large database of job seeker profiles and employer preferences enables improved matching over time, though this advantage is not insurmountable. The company's moat faces several significant threats: Intense Competition: ZipRecruiter competes against much larger, well-resourced platforms like Indeed (owned by Recruit Holdings), LinkedIn (owned by Microsoft), and Google for Jobs. These competitors have substantially greater financial resources and broader ecosystem integration. Low Switching Costs: Both employers and job seekers can easily use multiple platforms simultaneously, making customer loyalty difficult to maintain. The commoditized nature of job posting and searching reduces platform stickiness. Economic Sensitivity: The business model is highly sensitive to macroeconomic conditions and labor market health, as demonstrated by the 27% revenue decline in 2024. This cyclical vulnerability limits the durability of any competitive advantages. Potential Disruption: New technologies, social media platforms, or changes in hiring practices could disrupt traditional online job boards. The rise of professional networking, direct recruiting, and AI-powered hiring tools presents ongoing competitive threats. Overall, while ZipRecruiter has built a recognizable brand and functional platform, its moat is relatively narrow and vulnerable to both competitive pressure and economic cycles.
Risks & safety
ZipRecruiter demonstrates strong financial safety with minimal solvency risk, though profitability remains challenged by market conditions. Liquidity and Solvency: • Cash and short-term investments: $221 million as of Q1 2025 • Current ratio: 7.0x, indicating strong short-term liquidity • Total debt-to-equity ratio: 41%, manageable debt levels • Free cash flow: -$13 million in Q1 2025, but positive $45 million for full year 2024 • No immediate solvency concerns given substantial cash reserves Valuation Metrics: • EV/EBITDA: Negative in Q1 2025 due to negative EBITDA, but 30x for full year 2024 • Price-to-book ratio: 53x, indicating high valuation relative to book value • Current stock price around $5.71 with market cap of approximately $581 million • Trading below IPO levels, suggesting market skepticism about growth prospects Other Considerations: • Revenue declining 10-27% year-over-year across recent quarters • Adjusted EBITDA margins fluctuating between negative and mid-single digits • Strong balance sheet provides runway during market downturn • Management maintaining flexible cost structure to adjust expenses based on market conditions
Recent development
Over the past few years, ZipRecruiter has focused on several key strategic initiatives to navigate the challenging labor market environment and position for future growth: Product Innovation and AI Integration: The company has significantly invested in artificial intelligence capabilities, including the development of "Phil," an AI career advisor that helps job seekers with resume optimization and career guidance. ZipRecruiter has also launched ZipIntro, a "speed dating for hiring" feature that enables face-to-face connections between employers and candidates, achieving 90% job seeker satisfaction rates. Enterprise Market Expansion: ZipRecruiter has strategically pivoted toward enterprise customers, which provide more stable revenue during economic downturns. The company has expanded its ATS integrations to over 140 systems and recently achieved Workday certified integration status. Management targets a 50-50 revenue split between SMB and enterprise clients, viewing this as a significant growth opportunity. Performance-Based Revenue Growth: The company has developed its performance-based pricing model, where employers pay based on successful hires rather than upfront posting fees. This segment has shown strong growth, representing 22% of total revenue and growing 48% year-over-year in 2022, though growth has moderated due to overall market conditions. International Expansion: ZipRecruiter acquired Breakroom, a UK-based employer rating site focused on frontline workers, marking its expansion into international markets. The company is working on launching Breakroom in the US market, expected to provide updates in 2025. Technology Platform Enhancements: The company has launched a next-generation resume database with improved collaboration features and enhanced mobile app experiences. ZipRecruiter has also improved its matching algorithms and job recommendation systems to increase user engagement and successful placements. Flexible Operating Model: In response to the prolonged labor market downturn, ZipRecruiter has maintained a flexible cost structure, primarily adjusting sales and marketing expenses while preserving investments in product development and technology. This approach allows the company to quickly scale investments when market conditions improve.
ZIP company profile · for informational purposes only — not investment advice.
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