TRAVELZOO TZOO
Travelzoo (including its subsidiaries and affiliates, the "Company" or "we") is a global Internet media company. We operate Travelzoo®, the club for travel enthusiasts, Jack's Flight Club®, and Travelzoo META. We reach 30 million travelers. Club Members, who pay a membership fee, receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel suppliers—give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a travel enthusiast.
Travelzoo attracts a high-quality audience of travel enthusiasts across multiple digital platforms, including email, websites, social media and mobile applications. We have over 4.7 million social media followers on Facebook, Instagram, X and WeChat and, to date, our iOS and Android mobile applications have been downloaded 8.1 million times.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $91.7M | $83.9M | $84.5M | $70.6M | $62.7M | $53.6M | $104.9M | $111.3M | $106.5M | $114.3M |
| Cost of revenue | $18.1M | $10.5M | $10.9M | $10.0M | $11.4M | $10.6M | $11.4M | $12.3M | $12.9M | $13.9M |
| Gross profit | $73.6M | $73.4M | $73.5M | $60.6M | $51.3M | $43.0M | $93.5M | $99.1M | $93.6M | $100.4M |
| R&D | $2.6M | $2.4M | $2.1M | $2.1M | $2.6M | $3.1M | $6.7M | $9.0M | $9.2M | $9.1M |
| SG&A | $18.9M | $18.1M | $18.1M | $17.9M | $19.8M | $20.5M | $18.4M | $23.3M | $22.6M | $22.7M |
| Total operating expenses | $66.7M | $54.9M | $58.0M | $53.0M | $52.6M | $57.1M | $76.4M | $90.8M | $89.1M | $90.2M |
| Operating income | $6.9M | $18.5M | $15.6M | $7.6M | -$1.3M | -$14.1M | $17.0M | $8.2M | $4.5M | $10.2M |
| Interest expense | — | — | — | — | — | $25.0K | — | — | — | — |
| Pre-tax income | $7.7M | $19.1M | $17.1M | $10.0M | $2.7M | -$13.6M | $17.0M | $8.3M | $4.7M | $10.0M |
| Income tax | $2.7M | $5.4M | $5.1M | $3.3M | $1.8M | $2.4M | $4.7M | $3.6M | $3.1M | $4.0M |
| Net income | $4.7M | $13.6M | $12.4M | $6.6M | $911.0K | -$13.4M | $4.2M | $4.7M | $3.5M | $6.6M |
| EPS, basic | 0.42 | 1.08 | 0.83 | 0.54 | 0.08 | -1.18 | 0.35 | 0.38 | 0.27 | 0.47 |
| EPS, diluted | 0.41 | 1.06 | 0.83 | 0.53 | 0.07 | -1.18 | 0.35 | 0.37 | 0.27 | 0.47 |
| Shares, diluted (wtd. avg.) | $11.5M | $12.9M | $15.0M | $12.6M | $13.0M | $11.3M | $12.0M | $12.5M | $12.9M | $14.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.0M | $17.1M | $16.4M | $19.4M | $45.0M | $64.4M | $20.7M | $19.5M | $24.0M | $28.2M |
| Receivables | $10.7M | $12.8M | $13.0M | $13.8M | $14.9M | $4.5M | $11.2M | $12.6M | $11.8M | $14.4M |
| Inventory | $124.0K | $0 | — | — | — | — | — | — | — | — |
| Total current assets | $23.4M | $31.8M | $30.8M | $35.6M | $65.1M | $70.0M | $36.1M | $33.2M | $37.2M | $44.5M |
| Property, plant and equipment | $231.0K | $423.0K | $578.0K | $657.0K | $659.0K | $1.3M | $2.9M | $3.8M | $4.9M | $6.2M |
| Goodwill | $10.9M | $10.9M | $10.9M | $10.9M | $10.9M | $10.9M | $0 | — | — | — |
| Other intangibles | $1.4M | $1.5M | $2.1M | $3.7M | $3.4M | $4.5M | $0 | — | — | — |
| Total assets | $45.2M | $54.7M | $55.4M | $67.3M | $99.7M | $102.4M | $54.5M | $43.4M | $45.7M | $53.5M |
| Accounts payable | $7.8M | $6.2M | $4.5M | $4.3M | $3.4M | $7.0M | $6.4M | $17.1M | $19.1M | $19.7M |
| Total current liabilities | $34.2M | $36.5M | $34.2M | $47.5M | $87.9M | $82.9M | $35.0M | $26.8M | $29.6M | $29.8M |
| Total liabilities | $47.6M | $50.4M | $46.5M | $58.4M | $99.4M | $95.9M | $43.7M | — | — | — |
| Retained earnings | $7.2M | $14.3M | $19.5M | $7.1M | $508.0K | -$403.0K | $14.2M | $18.2M | $16.6M | $21.7M |
| Total equity | -$7.5M | -$462.0K | $8.9M | $8.9M | -$4.2M | $1.9M | $10.9M | $14.1M | $13.1M | $18.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.7M | $21.1M | $10.7M | -$23.1M | -$8.1M | $47.0M | $11.2M | $5.3M | $2.1M | $8.7M |
| Depreciation and amortisation | $130.0K | $209.0K | $291.0K | $418.0K | $710.0K | $884.0K | $1.1M | $1.6M | $1.8M | $2.1M |
| Stock-based compensation | $1.4M | $1.6M | $1.6M | $1.8M | $3.7M | $6.2M | $993.0K | $915.0K | $1.0M | $933.0K |
| Capital expenditure | $65.0K | $177.0K | $255.0K | $462.0K | $29.0K | $253.0K | $474.0K | $752.0K | $738.0K | $909.0K |
| Investing cash flow | -$65.0K | -$177.0K | -$39.0K | -$1.3M | $104.0K | $2.1M | -$1.1M | -$3.7M | $2.2M | -$909.0K |
| Financing cash flow | -$13.1M | -$19.0M | -$14.2M | $1.3M | -$11.2M | -$7.0M | -$9.1M | -$5.3M | -$9.7M | -$15.3M |
| Buybacks | $13.0M | $18.9M | $16.8M | $1.6M | $5.5M | $1.2M | $10.8M | $5.3M | $9.7M | $9.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001133311-26-000005.
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