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Financial statements

BuzzFeed, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data BuzzFeed, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Revenue318321384326230190185
Cost of revenue150140199185130105110
Gross profit16818118514110184.875.1
Research and development21.117.724.727.111.210.910.8
Selling and marketing79.850.753.244.135.919.715.8
General and administrative87.483.11091117858.650.4
Operating income-40.312.1-23.9-115-44.8-23.5-47.9
Interest expense2.515.616.16.785.71
Other non-operating income1.60.88-3.97-3.08-2.99-1.61-4.88
Pre-tax income-37.312.11.12-115-54.1-33.3-56.9
Income tax-0.360.94-2.752.731.60.660.39
Net income to minority interests0.23-0.53-0.740.170.39
Net income-37.210.324.7-201-88.6-10.1-57.7
EBITDA-20.829.6-1.8-91.9-24.5-4.39-32.1
EPS, basic-12.640.000.00-5.82-2.48-0.27-1.53
EPS, diluted-12.640.00-0.12-5.82-2.48-0.27-1.53
Shares, basic (weighted)2.942.986.7434.535.837.437.8
Shares, diluted (weighted)2.942.986.9834.535.837.437.8

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents7490.679.755.810.622.48.47
Receivables1061431167148.945.5
Other current assets11.62926.420.713.32.5
Total current assets20925219910884.686.1
Property, plant and equipment25.523.117.811.96.24.5
Lease right-of-use assets066.646.728.623
Goodwill012243.343.343.313.1
Intangible assets1.371373112.911.810.2
Total assets279637530411221188
Accounts payable8.411629.345.714.319.5
Accrued liabilities20.631.426.415.518.912.4
Deferred revenue1.52.431.688.841.740.567.41
Short-term debt012525.530.5
Total current liabilities57.294.112322896.895.2
Long-term debt20.414215233.8027.9
Lease liabilities059.337.815.114.7
Other non-current liabilities1.633.990.40.440.70.25
Total liabilities97.3262335300114138
Total debt20.414215215925.558.4
Paid-in capital36.4696716723730736
Retained earnings-347-322-523-612-622-680
Treasury stock000-3.33
Other comprehensive income-3.36-3.23-1.97-2.5-3.74-3.72
Shareholders' equity-31437119110910549.4
Minority interests02.043.342.362.170.72
Total equity-323-31437319511110750.1
Total liabilities and equity279637530411221188

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Net income-36.911.225.9-201-89.3-9.93-57.3
Depreciation and amortization19.517.522.122.720.319.115.8
Stock-based compensation2.811.1923.618.65.285.535.82
Deferred income tax-00.11-28.1-1.593.24-0.30.09
Change in receivables4.4-7.09-1327.540.625.84.42
Cash from operations-20.227.60.8-7.86-6.1-20.7-18.7
Capital expenditures-0.42-4.71-4.98-5.42-0.96-0.69-1.96
Acquisitions0-190000-0.23
Purchases of investments-0.05
Sales and maturities of investments25
Cash from investing16.4-14.8-208-17.3-14.7179-14.1
Stock issued0.20350000.02
Share buybacks00-3.33
Cash from financing0.219.51823.180.81-15521.6
Exchange rate effect0.26-0.1-0.99-1.99
Net change in cash-3.4232.1-26.4-24-20.13.01-10.9
Free cash flow-20.722.8-4.19-13.3-7.07-21.4-20.7
Interest paid0.271.10.915.717.211.93.92
Income taxes paid0.420.081.232.031.30.511.01

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.04 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin39.2%Gross profit / revenue.
Operating margin-31.9%Operating income / revenue.
EBITDA margin-22.8%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-35.8%Pre-tax income / revenue.
Net margin-35.8%Net income / revenue.
FCF margin-9.8%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-9.0%Cash from operations / revenue.
Return on equity (ROE)-120.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-40.5%Net income / average total assets.
Return on invested capital (ROIC)-62.4%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue5.8%Research and development expense / revenue.
Stock-based pay / revenue3.6%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.8%Capital expenditures / revenue.
D&A / revenue9.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-2.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-17.2%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-10.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-11.4%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-19.0%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-16.1%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-52.9%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-36.3%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-15.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-29.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-7.6%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y1.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y3.1%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y66.3%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.01xCurrent assets / current liabilities.
Quick ratio0.73x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.26x(Cash + short-term investments) / current liabilities.
Debt / equity0.68xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets22.9%Total debt / total assets.
Liabilities / assets66.0%Total liabilities / total assets.
Net debt$18.2MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-9.11xOperating income / interest expense.
Working capital$581.0KCurrent assets - current liabilities.
Goodwill and intangibles / assets8.7%(Goodwill + intangible assets) / total assets.
Tangible book value$37.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.13xRevenue / average total assets.
Fixed asset turnover58.2xRevenue / average property, plant and equipment.
Receivables turnover5.80xRevenue / average receivables.
Days sales outstanding63 days365 x average receivables / revenue.
Days payables59 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.11Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$3.10Revenue / diluted weighted shares.
FCF per share-$0.30Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.28Cash from operations / diluted weighted shares.
Book value per share$0.92Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.68Tangible book value / shares outstanding.
Cash per share$0.30(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$86.7MShare price x shares outstanding.
Enterprise value$104.9MMarket cap + total debt - cash - short-term investments.
P/S0.51xMarket cap / revenue.
P/B1.71xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.31xMarket cap / tangible book value, when positive.
EV/Sales0.61xEnterprise value / revenue.
FCF yield-19.3%Free cash flow / market cap.
Earnings yield-70.6%Net income / market cap (the inverse of P/E).
What was BuzzFeed, Inc.'s revenue in fiscal 2025?

BuzzFeed, Inc. reported revenue of $185.3M for fiscal 2025, 2.4% lower than the year before.

Was BuzzFeed, Inc. profitable in fiscal 2025?

No. It reported a net loss of $57.7M.

How much free cash flow did BuzzFeed, Inc. generate in fiscal 2025?

Cash from operations of $18.7M minus capital expenditures of $2.0M left free cash flow of -$20.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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