ZIP on NYSE

ZipRecruiter

Online employment marketplace

ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers. The company is headquartered in Santa Monica, California, with offices in Tempe, Arizona; London, UK, and Tel Aviv, Israel.3 Its revenue was $140 million in 2016.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

$449.0MRevenue, fiscal 20255
-$33.0MNet income, fiscal 20255
2010Founded1

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  • TickerZIP on NYSE1
  • Industrysoftware industry1
  • HeadquartersSanta Monica1
  • Founded inSanta Monica1
  • Websitewww.ziprecruiter.com
  • Legal formprivately held company1
  • Slogan“The Smartest Way to Get Hired”1
  • Incorporated inDE6
  • Business address3000 Ocean Park Blvd., Suite 3000, Santa Monica, Ca 904056
  • Filer categoryAccelerated filer6
  • LEI549300HLOVNNFCY2IV804
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 48297244

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604 Arizona Avenue
Photo: Coolcaesar, CC BY 4.0, via Wikimedia Commons9

ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

89.2%Gross margin5
-4.3%Operating margin5
-7.3%Net margin5
-5.3%Revenue growth, 20255
$9.9MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue11¢$48.3M
  • Research and development28¢$124.6M
  • Other costs61¢$273.7M
  • Income tax1¢$2.4M

Out of $449.0M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$1.1M
  • Share buybacks99¢$102.1M

Out of $11.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue101112135$449.0M in 2025+5% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $429.6M$429.6M20192020: $418.1M$418.1M2020−3%2021: $741.1M$741.1M2021+77%2022: $904.6M$904.6M2022+22%2023: $645.7M$645.7M2023−29%2024: $474.0M$474.0M2024−27%2025: $449.0M$449.0M2025−5%
Gross profit101112135$400.7M in 2025+7% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $374.8M$374.8M20192020: $364.0M$364.0M2020−3%2021: $661.5M$661.5M2021+82%2022: $818.4M$818.4M2022+24%2023: $581.4M$581.4M2023−29%2024: $423.9M$423.9M2024−27%2025: $400.7M$400.7M2025−5%
Operating income101112135-$19.4M in 2025+206% since 2019
-$50.0M0$50.0M$100.0M2019: -$6.3M-$6.3M20192020: $64.4M$64.4M20202021: -$8.4M-$8.4M20212022: $97.2M$97.2M20222023: $79.4M$79.4M2023−18%2024: $1.3M$1.3M2024−98%2025: -$19.4M-$19.4M2025
Net income101112135-$33.0M in 2025+420% since 2019
-$50.0M0$50.0M$100.0M2019: -$6.3M-$6.3M20192020: $86.0M$86.0M20202021: $3.6M$3.6M2021−96%2022: $61.5M$61.5M2022+1608%2023: $49.1M$49.1M2023−20%2024: -$12.9M-$12.9M20242025: -$33.0M-$33.0M2025+157%
Fiscal year20182019202020212022202320242025
Revenue$429.6M10$418.1M11$741.1M12$904.6M13$645.7M5$474.0M5$449.0M5
Cost of revenue$54.8M10$54.2M11$79.6M12$86.3M13$64.3M5$50.1M5$48.3M5
Gross profit$374.8M10$364.0M11$661.5M12$818.4M13$581.4M5$423.9M5$400.7M5
Research and development$65.4M10$69.4M11$110.5M12$127.7M13$141.8M5$134.8M5$124.6M5
Operating expenses$669.9M12$721.1M13$502.0M5$422.6M5$420.0M5
Operating income-$6.3M10$64.4M11-$8.4M12$97.2M13$79.4M5$1.3M5-$19.4M5
Interest$575.0K10$1.0M11$916.0K12$28.5M12$29.4M12
Income before tax-$9.3M12$74.1M13$70.5M5-$6.5M5-$30.6M5
Income tax$588.0K10-$21.7M11-$12.9M12$12.6M13$21.5M5$6.4M5$2.4M5
Net income-$6.3M10$86.0M11$3.6M12$61.5M13$49.1M5-$12.9M5-$33.0M5
Earnings per share-$0.1310$0.7911$0.0212$0.5413$0.495-$0.135-$0.375
Earnings per share (diluted)-$0.1310$0.7011$0.0212$0.5113$0.465-$0.135-$0.375
Shares (weighted, basic)102.2M shares12114.3M shares13100.7M shares598.6M shares589.9M shares5
Shares (weighted, diluted)115.5M shares12121.4M shares13105.8M shares598.6M shares589.9M shares5

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Corporate structure

ZipRecruiter sits at the top of its group. 4 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ZipRecruiter

  • DISCIPLINED GROWTH INVESTORS INC /MN Filed SCHEDULE 13G/A on ZipRecruiter, latest Aug 14, 2026 (5 filings since Aug 14, 2025)
  • AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on ZipRecruiter, latest Aug 13, 2026
  • EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) Filed SCHEDULE 13G/A on ZipRecruiter, latest Apr 30, 2026 (6 filings since Nov 14, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on ZipRecruiter, latest Mar 27, 2026 (8 filings since Feb 9, 2023)
  • ArrowMark Colorado Holdings LLC Filed SCHEDULE 13G/A on ZipRecruiter, latest Feb 17, 2026 (6 filings since Feb 14, 2023)
  • Institutional Venture Partners XIV, L.P. Filed SCHEDULE 13G/A on ZipRecruiter, latest Feb 17, 2026 (7 filings since Feb 14, 2022)
  • Ian Siegel Filed SCHEDULE 13G/A on ZipRecruiter, latest Feb 13, 2026 (3 filings since Feb 13, 2024)
  • WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Filed SCHEDULE 13G/A on ZipRecruiter, latest Jul 30, 2025 (3 filings since Nov 14, 2024)
  • BlackRock Portfolio Management LLC Filed SCHEDULE 13G on ZipRecruiter, latest Apr 15, 2025
  • BlackRock Filed SCHEDULE 13G/A on ZipRecruiter, latest Feb 5, 2025
  • WASATCH ADVISORS LP Filed SC 13G/A on ZipRecruiter, latest Oct 10, 2023 (3 filings since Feb 11, 2022)
  • Wellington Management Company Filed SC 13G/A on ZipRecruiter, latest Dec 10, 2021
  • ZipRecruiter Santa Monica, California, United States
    • Poplar Technologies Ltd. Subsidiary · United Kingdom
    • ZipRecruiter Canada Ltd. Subsidiary · Canada
    • ZipRecruiter Israel Ltd. Subsidiary · Israel

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ZipRecruiter reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$32.7M5 Dec 31, 2025$53.1M5 Dec 31, 2024−38.4%
Property and equipment, before depreciation$9.7M5 Dec 31, 2025$13.6M5 Dec 31, 2024−28.6%
Accumulated depreciation$5.7M5 Dec 31, 2025$8.8M5 Dec 31, 2024−35.3%
Property and equipment, net$4.1M5 Dec 31, 2025$4.9M5 Dec 31, 2024−16.6%
Operating-lease assets (leased space)$9.7M5 Dec 31, 2025$6.0M5 Dec 31, 2024+61.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$188.0M5 Dec 31, 2025$218.4M5 Dec 31, 2024−13.9%
Marketable securities, current$221.1M5 Dec 31, 2025$287.4M5 Dec 31, 2024−23.1%
Debt securities available for sale$228.7M5 Dec 31, 2025$310.2M13 Dec 31, 2024−26.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$8.5M5 Dec 31, 2025$8.5M5 Dec 31, 2024+0.2%
Intangible assets, net (excluding goodwill)$3.4M5 Dec 31, 2025$5.3M5 Dec 31, 2024−36.9%
Finite-lived intangibles, net$3.4M5 Dec 31, 2025$5.3M13 Dec 31, 2024−36.9%

Properties, in its own words

Our corporate headquarters are located in Santa Monica, California, where we currently lease approximately 25,000 square feet under an agreement that expires in October 2030. We also lease facilities in Phoenix, Arizona, and London, the United Kingdom. We believe that our facilities are adequate to meet our needs for the immediate future and that suitable additional space will be available to accommodate any expansion of our operations as needed.

Item 2 of the 10-K filed Feb 25, 2026.18

The story

ZipRecruiter was founded on March 14, 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Redd.

In June 2015, as the company began growing, they opened an R&D center in Israel and in 2018, claimed to have developed an artificial intelligence algorithm to increase the accuracy of job seeker/employer matches.

In 2017, Facebook also partnered with the company and integrated ZipRecruiter into its platform.

In 2018, the company reported that over 1.5 million businesses and 430 million job seekers used its platform.

In December 2018, the company's users' names and email addresses were exposed in a data breach. ZipRecruiter claimed that they were able to fix it within 90 minutes after the technical glitch was reported.

In March 2019, ZipRecruiter began operating in Canada.

In April 2021, the company filed for a direct listing. The company went public on May 26, 2021.

In September 2021, ZipRecruiter signed a one-year deal with UFC for a "low seven-figure fee".

Read the full text

In May 2023, ZipRecruiter announced it laying off 20% of its staff, about 270 roles.

From Wikipedia’s article on ZipRecruiter, shared under CC BY-SA 4.0.7

Leadership

Who has led ZipRecruiter, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ian Siegel2021–now

President

  1. David Travers2022–now

Chief financial officer

  1. David Travers2021
  2. Timothy G. Yarbrough2021–2026
  3. Carmen Wai-Yan Chan2026–now

Chief operating officer

  1. Jeffrey Zwelling2021–2022
  2. Qasim Saifee2022–2024
201520202025
Board members and other officers (17)

Products and brands

  • software

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Poplar Technologies Ltd. United Kingdom8
  • ZipRecruiter Canada Ltd. Canada8
  • ZipRecruiter Israel Ltd. Israel8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Employees over time

  • 20181,0001

Timeline

  1. Aug 5, 20268-K Results of operations; Regulation FD disclosure43
  2. Jul 28, 20268-K Executive or director change; Other events44
  3. Jun 25, 20268-K Regulation FD disclosure45
  4. Jun 12, 20268-K Shareholder vote46
  5. May 7, 20268-K Results of operations; Regulation FD disclosure47
  6. Feb 25, 20268-K Results of operations; Change in control; Regulation FD disclosure48
  7. Feb 10, 20268-K Executive or director change; Regulation FD disclosure49
  8. Nov 17, 20258-K Other events50
  9. Nov 5, 20258-K Results of operations; Regulation FD disclosure51
  10. Aug 25, 20258-K Other events52
  11. Aug 11, 20258-K Results of operations; Regulation FD disclosure; Other events53
  12. Jun 11, 20258-K Shareholder vote54
  13. May 14, 2021New chief executive Ian Siegel becomes CEO1
  14. 2010Founded Founded in Santa Monica1

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.11) a share, on Nov 5, 2025.55

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results43
  2. May 7, 2026Reported quarterly or annual results47
  3. Feb 25, 2026Reported quarterly or annual results48
  4. Nov 5, 2025Reported quarterly or annual results51
  5. Aug 11, 2025Reported quarterly or annual results53
  6. May 8, 2025Reported quarterly or annual results56
  7. Feb 25, 2025Reported quarterly or annual results57
  8. Nov 6, 2024Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

735 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 481 insider forms, 48 large holders, 136 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Sep 28, 20264 EDGAR
  3. Sep 22, 20264 EDGAR
  4. Sep 22, 20264 EDGAR
  5. Sep 22, 20264 EDGAR
  6. Sep 21, 2026144 EDGAR
  7. Sep 18, 2026144 EDGAR
  8. Sep 18, 2026144 EDGAR
  9. Sep 16, 20264 EDGAR
  10. Sep 16, 20264 EDGAR
  11. Sep 16, 20264 EDGAR
  12. Sep 16, 20264 EDGAR
  13. Sep 16, 20264 EDGAR
  14. Sep 16, 20264 EDGAR
  15. Aug 26, 20264 EDGAR
  16. Aug 21, 20263 EDGAR
  17. Aug 21, 20264 EDGAR
  18. Aug 20, 2026144 EDGAR
  19. Aug 14, 2026SCHEDULE 13G/A EDGAR
  20. Aug 13, 2026SCHEDULE 13G EDGAR

The 735 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

315 open-market trades by officers, directors and large owners since October 2021: 0 buys and 315 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026SAKAMOTO RYAN T.EVP, Chief Legal OfficerSale2,978$3.49$10.4KForm 4
Sep 22, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$3.74$36.4KForm 4
Sep 21, 2026Garefis AmyEVP, Chief People OfficerSale7,837$3.80$29.8KForm 4
Sep 21, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$3.80$36.9KForm 4
Sep 18, 2026TRAVERS DAVIDPresidentSale24,705$3.66$90.4KForm 4
Sep 18, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale34,978$3.67$128.4KForm 4
Aug 25, 2026SAKAMOTO RYAN T.EVP, Chief Legal OfficerSale2,978$4.39$13.1KForm 4
Aug 20, 2026Garefis AmyEVP, Chief People OfficerSale7,819$5.15$40.3KForm 4
Aug 6, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$4.55$44.2KForm 4
Aug 5, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$4.31$41.9KForm 4
Aug 4, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$4.42$43.0KForm 4
Jul 24, 2026SAKAMOTO RYAN T.EVP, Chief Legal OfficerSale3,547$3.91$13.9KForm 4
Jul 20, 2026Garefis AmyEVP, Chief People OfficerSale7,983$3.95$31.5KForm 4
Jul 8, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$3.90$37.9KForm 4
Jul 7, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$4.00$38.9KForm 4
Jul 6, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$3.95$38.4KForm 4
Jun 25, 2026SAKAMOTO RYAN T.EVP, Chief Legal OfficerSale2,978$3.86$11.5KForm 4
Jun 23, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$3.12$30.3KForm 4
Jun 22, 2026SIEGEL IAN H.CHIEF EXECUTIVE OFFICERSale9,722$3.01$29.3KForm 4
Jun 18, 2026TRAVERS DAVIDPresidentSale24,706$2.99$73.9KForm 4

All 315 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Ian SiegelChief Executive Officer52$550.0K$2.9M71
2025Boris ShimanovskyExecutive Vice President, Chief Technology Officer52$425.0K$2.7M71
2025David TraversPresident and interim Chief Financial Officer49$430.0K$2.3M71
2025Timothy YarbroughFormer Executive Vice President, Chief Financial Officer$425.0K$1.6M71
2025Amy GarefisExecutive Vice President, Chief People Officer44$370.0K$1.1M71
2024Ian SiegelChief Executive Officer52$522.5K$5.7M71
2024David TraversPresident and interim Chief Financial Officer49$430.0K$4.6M71
2024Boris ShimanovskyExecutive Vice President, Chief Technology Officer52$400.0K$2.7M71
2024Timothy YarbroughFormer Executive Vice President, Chief Financial Officer$400.0K$2.6M71
2024Amy GarefisExecutive Vice President, Chief People Officer44$370.0K$1.4M71
2023David TraversPresident and interim Chief Financial Officer49$430.0K$5.2M71
2023Timothy YarbroughFormer Executive Vice President, Chief Financial Officer$400.0K$4.6M71
2023Boris ShimanovskyExecutive Vice President, Chief Technology Officer52$400.0K$3.0M71
2023Amy GarefisExecutive Vice President, Chief People Officer44$370.0K$2.7M71
2023Ian SiegelChief Executive Officer52$453.8K$464.9K71

SEC filer profile

How ZipRecruiter is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARZIPRECRUITER, INC.2
  • CIK0001617553
  • Employer ID (EIN)27-297615818
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address3000 Ocean Park Blvd., Suite 3000, Santa Monica, CA 904052
  • Phone877-252-10622
  • Shares outstanding71,383,887 Common Class A shares; 13,029,486 Common Class B shares as of Feb 18, 202618
  • Public float$313.4M as of Jun 30, 202518
  • AuditorPricewaterhouseCoopers LLP, Los Angeles, California PCAOB ID 238; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceAug 26, 20142
  • Filings911 in all: 4 (582), 144 (117), 8-K (53), 3 (27), SCHEDULE 13G/A (24), 10-Q (16), SC 13G/A (14), SC 13G (10)2
    All 31 form types

    5 (9), 4/A (8), 10-K (5), DEF 14A (5), DEFA14A (5), S-8 (5), ARS (4), CORRESP (4), UPLOAD (4), SCHEDULE 13G (3), DRS/A (2), DRSLTR (2), EFFECT (2), 424B4 (1), 8-A12B (1), CERT (1), D (1), DRS (1), FWP (1), POS AM (1), PRE 14A (1), S-1 (1), S-1/A (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, $0.00001 par value per shareZIPNew York Stock Exchange

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks ZipRecruiter names in Item 1A of its 10-K filed Feb 25, 2026: 54 risks under these headings, as written.18

  • uncertainties described below are not the only ones we face. Additional risks and uncertainties that we are unaware of or that we deem immaterial may also become important factors that adversely affect our business. If any of the following risks occur, our business, financial condition, operating results, and future prospects could be materially and adversely affected. In that event, the price of our Class A common stock could decline, and you could lose part or all of your investment.
  • Risks Related to Our Business
  • Operational Risks
  • Our business is significantly affected by fluctuations in general economic conditions. There is risk that any economic recovery may be delayed, short-lived and/or uneven, and may not result in increased demand for our services.
  • We face intense competition and could lose market share to our competitors, which could adversely affect our business, operating results, and financial condition.
  • Our marketplace functions on software that is highly technical and complex and if it fails to perform properly, our reputation could be adversely affected, our market share could decline.
  • Our future success depends in part on employers purchasing and renewing or upgrading subscriptions and performance-based services from us. Any decline in our user renewals or upgrades or performance-based services could harm our future operating results.
  • Significant segments of the market for job advertisement services may have hiring needs and service preferences that are subject to greater volatility than the overall economy.
  • Our efforts and ability to sell to a broad mix of businesses could adversely affect our operating results in a given period.
  • Our business depends largely on our ability to attract and retain talented employees, including senior management and key personnel. In particular, if we lose the services of Ian Siegel, our Chief Executive Officer, or other members of our senior management team, we may not be able to execute on our business strategy.
  • If internet search engines’ methodologies or other channels that we use to direct traffic to our website are modified to our disadvantage, or our search result page rankings decline for other reasons, our user growth could decline.
  • Our quarterly results may fluctuate significantly and may not fully reflect the underlying performance of our business, which makes our future results difficult to predict.
The other 44 risks
  • Our success depends on our ability to maintain the value and reputation of the ZipRecruiter brand.
  • If we fail to scale our business effectively, our business, operating results, and financial condition could be adversely affected.
  • If we are not able to provide successful enhancements and new products, services, and features, our business could be adversely affected.
  • The forecasts of growth of online recruitment may prove to be inaccurate, and even if the market in which we compete achieves the forecasted growth, we cannot assure you that our business will grow at a similar rate, if at all.
  • The growth of our marketplace depends in part on the success of our strategic relationships with our Job Distribution Partners and Job Acquisition Partners.
  • Our corporate culture has contributed to our success, and if we cannot maintain this culture, we could lose the innovation, creativity, and teamwork fostered by our culture, and our business may be harmed.
  • Technological advances may significantly disrupt the labor market and weaken demand for human capital at a rapid rate.
  • Our business is seasonal.
  • We track certain performance metrics with internal tools and do not independently verify such metrics. Certain of our performance metrics are subject to inherent challenges in measurement, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.
  • We derive substantially all of our revenue from job advertisements.
  • Failure to effectively expand our sales and marketing capabilities could harm our ability to increase our user base and achieve broader market acceptance of our services.
  • Paid Employers may demand more configuration and integration services, or customized features and functions that we do not offer, which could adversely affect our business and operating results.
  • Any failure to offer high-quality technical support services may adversely affect our relationships with our Paid Employers and our financial results.
  • We have incurred net losses in the past, anticipate increasing our operating expenses in the future, and may not regain profitability.
  • We rely on Amazon Web Services, or AWS, to host our marketplace and other service providers for certain critical business processes, and any disruption of service from AWS or other critical service providers or material change to our arrangement with AWS or other critical service providers could adversely affect our business.
  • Many people are using mobile devices to access the internet. If we cannot optimize our websites for mobile access or offer a compelling mobile app, we may not remain competitive and could lose employers and job seekers.
  • Legal and Regulatory Risks
  • If we or our third-party partners or vendors experience a security breach, such as a hacking or phishing attack, or other data privacy or security incident, our marketplace may be perceived as not being secure, our reputation may be harmed, demand for our marketplace may be reduced, our operations may be disrupted, we may incur significant legal costs or liabilities, and our business could be adversely affected.
  • Changes in laws or regulations relating to data privacy, the protection, collection, storage, processing, transfer, or use of personal information, the use of AI, or consumer protection, or any actual or perceived failure by us to comply with such laws and regulations, our privacy policies or other obligations, could adversely affect our business.
  • Our business uses AI Technologies, and the deployment, use and maintenance of these technologies involve significant technological and legal risks.
  • Failure to comply with anti-corruption and anti-money laundering laws, including the Foreign Corrupt Practices Act, or FCPA, and similar laws associated with our activities outside of the United States, could subject us to penalties and other adverse consequences.
  • We are subject to a wide variety of foreign and domestic laws. As we look to expand our international footprint over time and as new domestic laws are implemented, we may become obligated to comply with additional laws and regulations of the countries or markets in which we operate or have employers and job seekers.
  • We face payment and fraud risks that could adversely impact our business.
  • We plan to expand our international operations which could subject us to additional costs and risks, and our continued expansion internationally may not be successful.
  • Privacy concerns and laws or other domestic or foreign regulations may reduce the effectiveness of our marketplace, disrupt our communication processes, and adversely affect our business.
  • From time to time, we may be subject to legal proceedings, regulatory disputes, and governmental investigations that could cause us to incur significant expenses, divert our management’s attention, and materially harm our business, financial condition, and operating results.
  • Our failure or inability to protect our intellectual property rights, or claims by others that we are infringing upon or unlawfully using their intellectual property, could diminish the value of our brand and weaken our competitive position, and adversely affect our business, financial condition, operating results, and prospects.
  • Adverse tax laws or regulations could be enacted or existing laws could be applied to us or our employers and job seekers, which could increase the costs of our services and adversely impact our business.
  • Other Risks Related to Our Business
  • Our indebtedness could adversely affect our liquidity and financial condition.
  • We may not be able to generate sufficient cash to service all of our indebtedness, and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
  • Covenants in our debt agreements may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted.
  • We may engage in merger and acquisition activities, which could require significant management attention, disrupt our business, dilute stockholder value, consume resources that are necessary to sustain our business, and adversely affect our operating results.
  • We may require additional capital to support business growth and objectives, and this capital might not be available to us on reasonable terms, if at all, and may result in stockholder dilution.
  • The requirements of being a public company, including maintaining adequate internal control over our financial and management systems, may strain our resources, divert management’s attention, and affect our ability to attract and retain executive management and qualified board members.
  • Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our operating results could be adversely affected.
  • Fluctuations in currency exchange rates could harm our operating results and financial condition.
  • Risks Related to the Ownership of Our Class A Common Stock
  • Market volatility may affect the value of an investment in our Class A common stock, could subject us to litigation and could adversely affect our ability to meet New York Stock Exchange, or NYSE, listing requirements.
  • The dual class structure of our common stock has resulted in concentration of voting control with our chief executive officer. This ownership will limit or preclude your ability to influence corporate matters, including the election of directors and the approval of any change of control transaction.
  • The dual class structure of our common stock may adversely affect the trading market for our Class A common stock.
  • Our share repurchase program could affect the price of our Class A common stock and increase volatility and may be suspended or terminated at any time, which may result in a decrease in the trading price of our Class A common stock.
  • If securities or industry analysts do not publish research, or publish inaccurate or unfavorable research, about our business or our future prospects, the price of our Class A common stock and trading volume could decline.
  • We do not intend to pay dividends for the foreseeable future.
  • Provisions in our charter documents and under Delaware law could make an acquisition of us, which may be beneficial to our stockholders, more difficult and may limit attempts by our stockholders to replace or remove our current management.
  • Our amended and restated certificate of incorporation, as amended, and our amended and restated bylaws contain exclusive forum provisions for certain claims, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.

Legal proceedings

Refer to the disclosure under the heading “Legal Matters” in Note 12 – Commitments and Contingencies to the audited financial statements included in this report for legal proceedings. From time to time, we may be involved in various legal proceedings arising from the normal course of our business activities.

The opening of Item 3, Legal Proceedings.18

Sources

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