Key Highlights

  • ZipRecruiter (NYSE:ZIP) closed at USD 5.48 on Tuesday, November 10, 2026, up 27.62% from a calculated prior close of USD 4.29, a gain of USD 1.19 per share, among the session's top gainers.
  • Third-quarter Revenue was USD 124.4 million, up 8% year over year and 5% from the second quarter, with Net Income of USD 5.1 million against a loss of USD 9.8 million a year earlier.
  • Adjusted EBITDA was USD 20.8 million, a 17% Margin against USD 9.2 million and 8% a year ago. Revenue and adjusted EBITDA both exceeded the high end of prior guidance.
  • The 2026 revenue outlook is now USD 468 million to USD 472 million, and adjusted EBITDA is USD 61 million to USD 65 million, a 13% to 14% margin.

What Moved ZipRecruiter on November 10 (+27.62%)

The shares ended Tuesday, November 10, 2026 at USD 5.48, against a calculated USD 4.29 on Monday, November 9. The move followed the company release of November 9, 2026 for the quarter ended September 30. Quarterly paid employers were 73,929, up 10% from a year earlier and 5% from the prior quarter, while revenue per paid employer was USD 1,683, down 2% year over year and up 1% sequentially. Net income of USD 5.1 million compares with a loss of USD 9.8 million in the third quarter of 2025. Stock-based compensation was USD 7.0 million, and income tax expense was USD 4.6 million. The company repurchased 1.0 million shares for USD 4.5 million in the quarter, leaving USD 107.3 million under a USD 750.0 million authorization.

The Rationale: A Beat and a Raised Outlook

The identified catalyst is the results beat and the higher 2026 outlook. Fourth-quarter guidance is revenue of USD 118 million to USD 122 million, up 6% to 9%, and adjusted EBITDA of USD 16 million to USD 20 million, a 14% to 16% margin. Full-year revenue growth of 4% to 5% sits alongside an adjusted EBITDA margin of 13% to 14%, up from 9% in 2025. As general context, a stock with high Operating Leverage can re-rate quickly when margins expand faster than revenue, because a small revenue gain flows disproportionately to profit. Growth in paid employers alongside lower revenue per employer suggests Volume rather than pricing drove the quarter.

Valuation, Liquidity and Risks

The snapshot shows a Market Value of USD 450.19 million, a P/E of 15.87 and trailing diluted EPS of USD 0.35, with no dividend. Cash, equivalents and marketable securities were USD 174.7 million at September 30, about 39% of market value (calculated). Volume was 883.73 thousand shares at a relative volume of 1.23, implying an average near 718.5 thousand (calculated) and about USD 4.84 million traded. A 5% senior note due 2030 remains outstanding after a partial June 2026 repurchase. Hiring Demand is cyclical, revenue per employer is falling, and a jump of this size can reverse. Fully diluted Capitalization was about 90 million shares across Class A and Class B. Nothing here implies the move will continue.

Where Things Stand

ZipRecruiter (NYSE:ZIP) rose 27.62% to USD 5.48 on November 10, 2026 after reporting third-quarter revenue of USD 124.4 million, adjusted EBITDA of USD 20.8 million and a raised 2026 outlook. The calculated prior close was USD 4.29. With USD 174.7 million of cash against a market value of USD 450.19 million, the debate now turns on whether margins hold.