Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $114M | $107M | $111M | $105M | $53.6M | $62.7M | $70.6M | $84.5M | $83.9M | $91.7M |
| Revenue growth | — | -6.8% | 4.5% | -5.7% | -48.9% | 17.0% | 12.6% | 19.7% | -0.7% | 9.3% |
| Gross profit | $100M | $93.6M | $99.1M | $93.5M | $43.0M | $51.3M | $60.6M | $73.5M | $73.4M | $73.6M |
| Gross margin | 87.9% | 87.9% | 89.0% | 89.1% | 80.3% | 81.8% | 85.8% | 87.1% | 87.5% | 80.3% |
| Operating income | $10.2M | $4.54M | $8.24M | $17.0M | -$14.1M | -$1.31M | $7.56M | $15.6M | $18.5M | $6.90M |
| Operating margin | 8.9% | 4.3% | 7.4% | 16.2% | -26.3% | -2.1% | 10.7% | 18.4% | 22.0% | 7.5% |
| Net income | $6.63M | $3.53M | $4.66M | $4.16M | -$13.4M | $911K | $6.63M | $12.4M | $13.6M | $4.70M |
| Net margin | 5.8% | 3.3% | 4.2% | 4.0% | -25.0% | 1.5% | 9.4% | 14.6% | 16.2% | 5.1% |
| EPS (diluted) | $0.47 | $0.27 | $0.37 | $0.35 | -$1.18 | $0.07 | $0.53 | $0.83 | $1.06 | $0.41 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.72M | $2.08M | $5.32M | $11.2M | $47.0M | -$8.08M | -$23.1M | $10.7M | $21.1M | $5.66M |
| Capital expenditures | $909K | $738K | $752K | $474K | $253K | $29.0K | $462K | $255K | $177K | $65.0K |
| Free cash flow | $7.81M | $1.34M | $4.57M | $10.8M | $46.8M | -$8.11M | -$23.6M | $10.4M | $20.9M | $5.60M |
| Share buybacks | $9.66M | $9.71M | $5.29M | $10.8M | $1.21M | $5.49M | $1.64M | $16.8M | $18.9M | $13.0M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $26.8M | $22.6M | $18.0M | $18.7M | $63.1M | $43.8M | $18.7M | $15.7M | $17.1M | $10.0M |
| Total assets | $53.5M | $45.7M | $43.4M | $54.5M | $102M | $99.7M | $67.3M | $55.4M | $54.7M | $45.2M |
| Total liabilities | — | — | — | $43.7M | $95.9M | $99.4M | $58.4M | $46.5M | $50.4M | $47.6M |
| Shareholders' equity | $18.1M | $13.1M | $14.1M | $10.9M | $1.89M | -$4.23M | $4.26M | $4.19M | -$462K | -$7.52M |
| Retained earnings | $21.7M | $16.6M | $18.2M | $14.2M | -$403K | $508K | $7.14M | $19.5M | $14.3M | $7.24M |
| Shares (wtd avg diluted) | 14.0M | 12.9M | 12.5M | 12.0M | 11.3M | 13.0M | 12.6M | 15.0M | 12.9M | 11.5M |
Every figure is extracted from TRAVELZOO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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