Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| TravelzooTZOO · other | |
|---|---|
| Grade |  Eweakest fifth of 336 graded peers; percentile 84.2, sampling error 2.6 points; lower is stronger |
| Rank | 283 of 336 |
| Profitability | Cpercentile 46.5 |
| Solvency | Dpercentile 72.3 |
| Growth and financing | C/Dpercentile 61.2 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $45.2M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress, fortress balance sheet |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Mar 11, 2026212 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $5.362026-10-08; market equity $54.7M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 11, 2026; the document on sec.gov.
Travelzoo (including its subsidiaries and affiliates, the “Company” or “we”) is a global Internet media company. We operate Travelzoo®, the club for travel enthusiasts, Jack’s Flight Club®, and Travelzoo META. We reach 30 million travelers. Club Members, who pay a membership fee, receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel suppliers—give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a travel enthusiast.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 46.5 | |||||||
| Gross profitability | 163.0% | [1,3] | 27.1% | 0.3 | 289 | 2025-12-31 | |
| Return on invested capital | not computable | 10.0% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (1.9%) | [1,4-6] | (5.9%) | 77.2 | 506 | 2025-12-31 | |
| Gross margin stability, five years | 2.9 pts | [2-3,7-14] | 2.2 pts | 62.1 | 204 | 2025-12-31 | |
| Solvency, sleeve percentile 72.3 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (0.18) | [1,15-20] | 2.05 | 62.1 | 386 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 2.52x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 2.18x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 0.68x | [15-16] | 1.32x | 82.6 | 506 | 2025-12-31 | |
| Growth and financing, sleeve percentile 61.2 | |||||||
| Revenue growth, three-year compound | 9.1% | [2,8,10,12] | 5.1% | 34.1 | 403 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 8.7% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | (136.3%) | [15-16,18,21-26] | 11.9% | 91.0 | 190 | 2025-12-31 | |
| Asset growth, three years | (12.4%) | [1,6,27-28] | 4.1% | 90.8 | 438 | 2025-12-31 | |
| Net share issuance, one year | (2.8%) | [29-30] | (0.4%) | 29.0 | 356 | 2026-03-09 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.234; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 278 | Seacor Marine Holdings Inc. (SMHI) Seacor Marine Holdings Inc. (SMHI) Eweakest fifth; percentile 82.7 NYSE · Deep Sea Foreign Transportation of Freight market equity $234.7M; last close $8.64 No active warnings; 8 of 14 inputs | 82.7 | E | |
| 279 | Access Newswire Inc. (ACCS) Access Newswire Inc. (ACCS) Eweakest fifth; percentile 83.0 NYSE · Services-Management Consulting Services market equity $17.6M; last close $4.67 No active warnings; 9 of 14 inputs | 83.0 | E | |
| 280 | NextTrip, Inc. (NTRP) NextTrip, Inc. (NTRP) Eweakest fifth; percentile 83.3 Nasdaq · Transportation Services market equity $28.5M; last close $1.94 Warnings: dilution, short runway; 8 of 14 inputs | 83.3 | E | dilution, short runway |
| 281 | Stagwell Inc. (STGW) Stagwell Inc. (STGW) Eweakest fifth; percentile 83.6 Nasdaq · Services-Advertising Agencies market equity $2.1B; last close $8.77 No active warnings; 12 of 14 inputs | 83.6 | E | |
| 282 | Delek Logistics Partners, L.P. (DKL) Delek Logistics Partners, L.P. (DKL) Eweakest fifth; percentile 83.9 NYSE · Pipe Lines (No Natural Gas) market equity $3.0B; last close $56.57 No active warnings; 10 of 14 inputs | 83.9 | E | |
| 283 | Travelzoo (TZOO) Travelzoo (TZOO) Eweakest fifth; percentile 84.2 Nasdaq · Services-Advertising market equity $54.7M; last close $5.36 No active warnings; 9 of 14 inputs | 84.2 | E | |
| 284 | Repay Holdings Corp. (RPAY) Repay Holdings Corp. (RPAY) Eweakest fifth; percentile 84.5 Nasdaq · Services-Business Services, NEC last close $3.88 No active warnings; 9 of 14 inputs | 84.5 | E | |
| 285 | Addentax Group Corp. (ATXG) Addentax Group Corp. (ATXG) Eweakest fifth; percentile 84.8 Nasdaq · Services-Mailing, Reproduction, Commercial Art & Photography market equity $3.7M; last close $3.44 Warnings: dilution; 9 of 14 inputs | 84.8 | E | dilution |
| 286 | Target Hospitality Corp. (TH) Target Hospitality Corp. (TH) Eweakest fifth; percentile 85.1 Nasdaq · Hotels, Rooming Houses, Camps & Other Lodging Places market equity $1.8B; last close $18.34 Warnings: late filer, fortress balance sheet; 10 of 14 inputs | 85.1 | E | late filer, fortress balance sheet |
| 287 | CSX Corp. (CSX) CSX Corp. (CSX) Eweakest fifth; percentile 85.4 Nasdaq · Railroads, Line-Haul Operating market equity $87.7B; last close $47.34 No active warnings; 7 of 14 inputs | 85.4 | E | |
| 288 | RXO, Inc. (RXO) RXO, Inc. (RXO) Eweakest fifth; percentile 85.7 NYSE · Transportation Services market equity $4.8B; last close $28.92 No active warnings; 7 of 14 inputs | 85.7 | E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 77.3 | 2204 |
| sector peers, equal sleeves (the grade) | E | 84.2 | 336 |
| same exchange, equal sleeves | D | 70.5 | 1219 |
| sector peers, equal inputs | D/E | 80.6 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (34.1%) | 2.0% | 18 | hotter than 18 of 100 peers |
| Distance from 52-week high | (55.7%) | (26.8%) | 16 | closer to its high than 16 of 100 peers |
| EBIT to enterprise value | 12.6% | 4.4% | 95 | pricier than 5 of 100 peers |
| Free cash flow yield | 10.2% | 4.1% | 83 | pricier than 17 of 100 peers |
| Book value to price | (0.21) | 0.34 | 4 | pricier than 96 of 100 peers |
| Sales to price | 1.68 | 0.70 | 75 | pricier than 25 of 100 peers |
| Composite equity issuance, five years | (12.0%) | (8.8%) | 45 | more equity-funded than 45 of 100 peers |
| Relative strength against the sector, log excess return | (0.56) | (0.13) | 18 | ahead of 18 of 100 peers |
Inputs: market equity $54.7M; EBIT $6.9M; free cash flow $5.6M; book equity -$11.7M; sales $91.7M; debt $6.8M; cash $6.8M[31].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 8.6% | ✓ pass[4,6] |
| Operating cash flow above zero | $5.7M | ✓ pass[5] |
| Return on assets improved | (15.9 pts) | ✗ fail[4,6,27,32] |
| Operating cash flow exceeds net income | $962,000 | ✓ pass[4-5] |
| Long-term leverage fell | n/a[1,6,27] | |
| Current ratio improved | (18.6 pts) | ✗ fail[15-16,25-26] |
| No new shares issued | (2.8%) | ✓ pass[29-30] |
| Gross margin improved | (7.2 pts) | ✗ fail[2-3,7-8] |
| Asset turnover improved | 16.1 pts | ✓ pass[2,6,8,27] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $6.8M[33] |
| Operating cash flow, four quarters | $3.3M[5,33-37] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 57 |
| 10-Q received Aug 13, 2026 | |
| Median daily dollar volume | $400,197 |
| 63 sessions | |
| Days since newest grade input | 212 |
Downloads [top]
|
Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $45.2M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $91.7M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $73.6M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $4.7M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $5.7M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $54.7M | 2024-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $73.4M | 2024-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $83.9M | 2024-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $73.5M | 2023-12-31 | 2025-03-19 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $84.5M | 2023-12-31 | 2025-03-19 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $60.6M | 2022-12-31 | 2024-03-22 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $70.6M | 2022-12-31 | 2024-03-22 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $51.3M | 2021-12-31 | 2023-08-14 | 10-K/A | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $62.7M | 2021-12-31 | 2023-08-14 | 10-K/A | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $23.4M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $34.2M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $7.2M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | $6.9M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | -$7.5M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $47.6M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $65,000 | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 22 | depreciation amortization | us-gaap:Depreciation | $130,000 | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 23 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $7.7M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 24 | income tax | us-gaap:IncomeTaxExpenseBenefit | $2.7M | 2025-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 25 | current assets | us-gaap:AssetsCurrent | $31.8M | 2024-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 26 | current liabilities | us-gaap:LiabilitiesCurrent | $36.5M | 2024-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 27 | assets | us-gaap:Assets | $55.4M | 2023-12-31 | 2025-03-19 | 10-K | filing · viewer · series |
| 28 | assets | us-gaap:Assets | $67.3M | 2022-12-31 | 2024-03-22 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 10,932,337 | 2026-03-09 | 2026-03-11 | 10-K | filing · viewer · series |
| 30 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 11,245,137 | 2025-03-17 | 2025-03-19 | 10-K | filing · viewer · series |
| 31 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 10,202,337 | 2026-08-07 | 2026-08-13 | 10-Q | filing · viewer · series |
| 32 | net income | us-gaap:NetIncomeLoss | $13.6M | 2024-12-31 | 2026-03-11 | 10-K | filing · viewer · series |
| 33 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $6.8M | 2026-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $2.2M | 2026-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.9M | 2026-03-31 | 2026-05-14 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.2M | 2025-09-30 | 2025-11-10 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.6M | 2025-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 84.2 is 4.2 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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