GTMMEDIUM SIGNALFINANCIAL10-K

GTM showed improved operating cash flow generation while reducing share repurchase activity and maintaining a stronger cash position.

The company generated meaningfully higher operating cash flow while moderating its capital return program, suggesting management may be prioritizing balance sheet flexibility or identifying fewer attractive repurchase opportunities at current valuations. The reduced share buybacks coupled with declining stockholders' equity indicates the company returned significant capital to shareholders while building cash reserves.

Comparing 2026-02-12 vs 2025-02-25View on EDGAR →
FINANCIAL ANALYSIS

GTM demonstrated solid operational cash generation with operating cash flow growing 26% year-over-year, while the company modestly reduced share repurchase activity by 27%. The company strengthened its liquidity position with cash and equivalents increasing 26%, even as stockholders' equity declined 11%, reflecting the net impact of capital returns and earnings retention. Overall, the financial picture suggests disciplined capital allocation with improved cash generation and enhanced financial flexibility.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
-27.3%
$565.6M$411.1M

Buyback activity reduced 27.3% — capital being redeployed elsewhere or cash conservation underway.

Operating Cash Flow
Cash Flow
+26%
$369.4M$465.4M

Operating cash flow grew 26% — strong conversion of earnings to cash, healthy business fundamentals.

Cash & Equivalents
Balance Sheet
+25.7%
$139.9M$175.9M

Cash grew 25.7% — improving liquidity position supports investment and shareholder returns.

Stockholders Equity
Balance Sheet
-10.9%
$1.7B$1.5B

Equity decreased 10.9% — buybacks or losses reducing book value, monitor solvency ratios.

LANGUAGE CHANGES
NEW — 2026-02-12
PRIOR — 2025-02-25
ADDED
As of January 31, 2026, there were 305,294,644 shares of the registrant s common stock outstanding.
Blocker Companies refers to certain Pre-IPO Owners that held equity units of ZoomInfo Holdings that are taxable as corporations for U.S.
Exchange Tax Receivable Agreement refers to the Tax Receivable Agreement, and amendments thereto, entered into with certain Pre-IPO Owners that held equity units of ZoomInfo Holdings.
HoldCo Units refers to the class of units of ZoomInfo Intermediate Holdings.
Reorganization Transactions refers to the following transactions in connection with the IPO: ZoomInfo Holdings effected a four-for-one reverse unit split; ZoomInfo Intermediate Inc.
ZoomInfo Holdings refers to ZoomInfo Holdings LLC, a Delaware limited liability company, and a direct subsidiary of ZoomInfo Technologies Inc.
iii Table of Content s CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS From time to time we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not historical facts.
These forward-looking statements are included throughout this Form 10-K, including in the sections entitled Business , Risk Factors , and Management s Discussion and Analysis of Financial Condition and Results of Operations , and relate to matters such as our industry, business strategy, goals and expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources and other financial and operating information.
In some cases, you can identify these forward-looking statements by the use of words such as anticipate, believe, can, continue, could, estimate, expect, forecast, goal, intend, may, might, objective, outlook, plan, potential, predict, projection, seek, should, target, trend, will, would or the negative version of these words or other comparable words.
A summary of some of the factors that could cause actual results to differ from those expressed or implied by our forward-looking statements, including forward-looking statements contained in this Form 10-K, is provided below under Risk Factor Summary.
REMOVED
As of January 31, 2025, there were 342,292,205 shares of the registrant s common stock outstanding.
Blocker Companies refers to certain of our Pre-IPO OpCo Unitholders that are taxable as corporations for U.S.
Class P Units refers to Class P Units (including, without limitation, any indirectly held Class P Units) of ZoomInfo Holdings LLC.
Continuing Class P Unitholders refers to certain Pre-IPO Owners who continued to hold Class P Units following the consummation of the Reorganization Transactions and the IPO.
Customers refers to companies that have contracted with us to use our services and, at the time of measurement, maintain one or more active paid subscriptions to our platform.
Paid subscriptions will generally include access for a number of employees or other affiliated persons of the customer.
Exchange Tax Receivable Agreement refers to the Tax Receivable Agreement, and amendments thereto, entered into with certain Pre-IPO OpCo Unitholders.
HoldCo Units refers to the class of units of ZoomInfo HoldCo.
Holdings LLC Units refers to the class of units of ZoomInfo Holdings and does not include Class P Units.
Pre-IPO HoldCo Unitholders refers to the Pre-IPO Owners that held HoldCo Units immediately prior to the IPO.
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