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Dec 31, 2022

ZoomInfo Q4 2022 Earnings Report

Announced financial results for the fourth quarter and full-year ended December 31, 2022.

Key Takeaways

ZoomInfo reported Q4 revenue of $301.7 million, a 36% increase year-over-year, with a GAAP operating income margin of 17% and an adjusted operating income margin of 42%. Cash flow from operations was $120.2 million, and unlevered free cash flow was $122.4 million.

Revenue of $301.7 million, an increase of 36% year-over-year.

Operating income of $52.1 million and Adjusted Operating Income of $127.0 million.

GAAP operating income margin of 17% and Adjusted Operating Income Margin of 42%.

Cash flow from operations of $120.2 million, and Unlevered Free Cash Flow of $122.4 million.

Total Revenue
$302M
Previous year: $222M
+35.7%
EPS
$0.26
Previous year: $0.18
+44.4%
Customers with ACV > $100k
1.93K
Previous year: 1.45K
+32.6%
Net Revenue Retention Rate
104%
Previous year: 116%
-10.3%
Gross Profit
$253M
Previous year: $182M
+38.8%
Cash and Equivalents
$418M
Previous year: $308M
+35.6%
Free Cash Flow
$122M
Previous year: $84.4M
+45.0%
Total Assets
$7.14B
Previous year: $6.85B
+4.1%

ZoomInfo

ZoomInfo

Forward Guidance

ZoomInfo is providing guidance for the first quarter and full-year 2023.

Positive Outlook

  • Q1 2023 GAAP Revenue: $299 - $301 million
  • Q1 2023 Non-GAAP Adjusted Operating Income: $118 - $120 million
  • Q1 2023 Non-GAAP Adjusted Net Income per share: $0.21 - $0.22
  • FY 2023 GAAP Revenue: $1.275 - $1.285 billion
  • FY 2023 Non-GAAP Adjusted Operating Income: $523 - $533 million

Challenges Ahead

  • FY 2023 Non-GAAP Adjusted Net Income per share: $0.98 - $1.00
  • FY 2023 Non-GAAP Unlevered Free Cash Flow: $507 - $517 million
  • Q1 2023 Weighted Average Shares Outstanding: 414 million
  • FY 2023 Weighted Average Shares Outstanding: 418 million
  • Q1 2023 Non-GAAP Unlevered Free Cash Flow: Not guided