TRAVELZOO (TZOO) Form 10-Q — Aug 13, 2026
Travelzoo swung to a loss in Q2 2026, reporting a net loss attributable to Travelzoo of $2.136 million, or -$0.21 per diluted share, versus net income of $1.402 million ($0.12 diluted) a year earlier. Revenue slipped 2.9% year over year to $23.208 million, and first-half net income fell to $0.392 million from $4.742 million. The swing reflects a strategic pivot toward paid memberships: advertising and commerce revenue fell 12.8% to $18.203 million while membership fees jumped 65.6% to $4.988 million, and management's push on member acquisition plus costs from pre-purchased vouchers lifted sales and marketing expense $2.2 million and cost of revenues $1.9 million year over year.
Key figures
- Eps
- Q2 2026 diluted: -$0.21 (vs $0.12 Q2 2025); H1 2026 diluted: $0.03 (vs $0.38 H1 2025)
- Revenue
- Q2 2026: $23.208 million (vs $23.906 million Q2 2025); H1 2026: $47.481 million (vs $47.046 million H1 2025)
- Net Income
- Q2 2026: -$2.106 million (attributable to Travelzoo: -$2.136 million); H1 2026: $0.392 million (vs $4.742 million H1 2025)
- Revenue Yoy
- Q2 2026: -2.9% YoY; H1 2026: +0.9% YoY
- Total Assets
- 47823000
- Cash Position
- 6838000
- Shares Outstanding
- 10202337
- H1 2026 buyback
- 700,000 shares for $5.2 million
- Q2 2026 buyback
- 200,000 shares for $1.9 million
- Deferred revenue
- 12800000
- Merchant payables
- 10700000
- Us membership fee
- $50 annually as of January 1, 2026
- Membership fees q2
- 4.988 million (vs 3.013 million, +65.6% YoY)
- Germany membership fee
- EUR 40 annually as of April 1, 2026
- H1 operating cash flow
- 2186000
- Advertising commerce q2
- 18.203 million (vs 20.874 million, -12.8% YoY)
- Negative working capital
- 14300000
- Largest shareholder stake
- Azzurro Capital Inc. ~35.8%
- Unrecognized tax benefits
- 23.9 million (up to 16.6 million would favor income if realized)
- Remaining buyback authorization
- 300,000 shares
Price after filing
Close on the filing date to close N calendar days later (from $7.24). Historical, not a forecast.
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