ZoomInfo Technologies Inc. Liquidation Value

GTM Software

Cash & Equivalents

$171.20M
As of 2026-03-31
Current Price: N/A

Key Metrics

Cash Liquidation Value

Cash minus Total Obligations
Cash: $171.20M
Total Obligations: -$2.40B
$-2.23B
Per share: $-7.54
Period: 2026-03-31

Liquid Liquidation Value

Cash + AR minus Total Obligations
Cash: $171.20M
AR: $183.80M
Total Obligations: -$2.40B
$-2.05B
Per share: $-6.92
Period: 2026-03-31

Operating Liquidation Value

Cash + AR + Inventory minus Total Obligations
Cash: $171.20M
AR: $183.80M
Inventory: N/A
Total Obligations: -$2.40B
$-2.05B
Per share: $-6.92
Period: 2026-03-31
incomplete 1 component missing — treated as $0 in formula. Why?
  • Inventory: not reported

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Liquidation Ladder

MetricTotalPer Share
Cash Liquidation Value$-2.23B$-7.54
Liquid Liquidation Value$-2.05B$-6.92
Operating Liquidation Value$-2.05B$-6.92

Key Components (as of 2026-03-31)

Data as of 2026-03-31 from 10-Q filed 2026-05-11. View on SEC EDGAR →

Cash & Equivalents$171.20M
Accounts Receivable$183.80M
InventoryN/A
Current Liabilities$598.50M
Long-term Debt (?)$1.32B
Op. Lease Liability (?)$240.80M
Finance Lease (?)N/A
Shares Outstanding296.1M

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Historical

PeriodCashARInventoryAPCurr LiabLT DebtOp LeaseFin Lease
2026-03-31$171.20M$183.80MN/A$21.30M$598.50M$1.32B$240.80MN/A
2025-12-31$175.90M$225.60MN/A$31.30M$632.90M$1.32B$239.20MN/A
2025-09-30$124.80M$175.50MN/A$19.10M$556.80M$1.32B$231.00MN/A
2025-06-30$171.00M$192.00MN/A$16.10M$619.40M$1.32B$226.40MN/A
2025-03-31$138.50M$203.80MN/A$17.10M$624.40M$1.22B$164.40MN/A
2024-12-31$139.90M$246.10MN/A$16.60M$652.10M$1.22B$151.20MN/A
2024-09-30$147.70M$163.00MN/A$21.10M$624.10M$1.22B$135.80MN/A
2024-06-30$385.90M$189.90MN/A$20.30M$680.70M$1.22B$177.30MN/A

Comments

SEC Filings

PeriodFormFiledLink
2026-03-31 10-Q 2026-05-11 View
2025-12-31 10-K 2026-02-12 View
2025-09-30 10-Q 2025-11-03 View
2025-06-30 10-Q 2025-08-04 View
2025-03-31 10-Q 2025-05-12 View
2024-12-31 10-K 2025-02-25 View
2024-09-30 10-Q 2024-11-12 View
2024-06-30 10-Q 2024-08-06 View

AI Insights

AI Insight·Generated 2026-05-12

ZoomInfo Technologies Inc. (GTM) presents deeply negative liquidation value across all three MFFAIS metrics: cash liquidation value of -$2.01B, liquid liquidation value of -$1.79B, and operating liquidation value of -$1.79B as of the March 31, 2026 period end. This is structurally expected for a software business built on acquired intangibles, but the magnitude of the deficit warrants examination of the liability stack.

The dominant driver of negative recovery is the Tax Receivable Agreement (TRA) liability, disclosed in MD&A at $2,730.4 million as of March 31, 2026. Under a liquidation scenario, this obligation does not extinguish — it remains a face-value claim against the estate. Against this single liability alone, tangible asset recovery (cash of $171.2M, short-term investments of $4.0M, net receivables at haircut) is insufficient. The TRA liability dwarfs funded debt of $1,330.7M in contractual maturity terms ($580.7M First Lien Term Loan + $650.0M 3.875% Senior Notes + $100.0M First Lien Revolver).

Total face-value financial obligations therefore aggregate to approximately $4.06B ($1.33B debt + $2.73B TRA), against realizable tangible assets materially below $500M after standard haircuts. Goodwill and acquired intangibles, which constitute the overwhelming majority of the asset base per prior filings, carry zero recovery value under the liquidation lens.

Debt maturity profile: First Lien Revolver ($100M, Feb 2028), Senior Notes ($650M, Feb 2029), First Lien Term Loan ($580.7M, Feb 2030). No near-term maturity stress. Covenant compliance confirmed as of March 31, 2026; Consolidated First Lien Net Leverage Ratio is 1.0x per the filing.

Quarterly operating cash flow of $114.7M and unearned revenue balance of $479.2M confirm the business generates cash as a going concern, but neither metric is relevant to a stop-and-liquidate analysis. The $479.2M of deferred revenue is a liability under ASC 606 and would represent an obligation to refund prepaid subscribers in a wind-down, further pressuring recovery.

No XBRL tags were provided in TAG_CONTEXT for this filing; all quantitative references are sourced from the filing's narrative and financial statement tables. This limits tag-level materiality grading — all relevant concepts are addressed in the company_overview. Filing discusses goodwill, intangible assets, operating lease right-of-use assets, and deferred revenue in MD&A and notes, but no corresponding XBRL tags were submitted in TAG_CONTEXT.

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