ZipRecruiter, Inc. reported a revenue of $449.0 million for the fiscal year ending December 31, 2025, a decrease of 5% from $474.0 million in 2024. The company also recorded a net loss of $33.0 million, compared to a net loss of $12.9 million in the previous year. Adjusted EBITDA for 2025 was $40.8 million, down from $78.0 million in 2024, reflecting the impact of a subdued labor market and reduced employer spending on recruitment services. The decline in revenue was attributed to ongoing economic uncertainty, which has led to lower hiring demand.
In terms of operational metrics, the number of Quarterly Paid Employers decreased to 59,104 in Q4 2025 from 57,833 in Q4 2024, indicating a slight recovery in employer engagement despite the overall decline in revenue. Revenue per Paid Employer, however, saw a decrease of 2% year-over-year, reflecting the challenges in the hiring environment. The company has continued to invest in marketing and technology to enhance its platform, which it believes will drive future growth.
Strategically, ZipRecruiter made a significant acquisition in July 2024, purchasing Breakroom, a UK-based employee review platform, for $13.3 million. This acquisition is expected to complement ZipRecruiter's existing services and expand its market reach. The company has also focused on enhancing its technology, investing approximately 28% of its total revenue in research and development in both 2025 and 2024, to improve its AI-powered matching technology.
As of December 31, 2025, ZipRecruiter had cash, cash equivalents, and marketable securities totaling $409.1 million, with no outstanding amounts under its $290.0 million credit facility. The company has authorized a share repurchase program of up to $750.0 million, with approximately $121.2 million remaining for future repurchases. Looking ahead, ZipRecruiter aims to continue its investments in technology and marketing to attract more employers and job seekers, while navigating the challenges posed by the current economic landscape.
About ZIPRECRUITER, INC.
ZipRecruiter, Inc. operates a two-sided online marketplace connecting job seekers and employers. Using AI-driven matching technology and extensive data, it simplifies job searching and recruitment across diverse industries. The platform offers personalized job recommendations, streamlined application processes, and broad distribution channels, providing efficient access to quality candidates and job opportunities for a global customer base.
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