GoDaddy Inc.

This synthesis rests on a narrow set of data: annual revenue, net income, operating income, and total assets for fiscal years 2018 through 2025, with the balance sheet limited to 2024 and 2025. No forensic scores are on file, so this analysis does not report a Beneish M-Score, Piotroski F-Score, Altman Z-Score, or Fog Index. In plain English, the Beneish M-Score is a screening model that estimates the likelihood of earnings manipulation from financial statement ratios; the Piotroski F-Score counts basic financial-health tests, and the count of computable signals depends on the data; the Altman Z-Score estimates financial distress risk and is not designed for banks or financial firms; and the Fog Index estimates how hard a document is to read. Readers may want to check these scores directly on a reputable screening source before drawing conclusions. The longer-term revenue record is consistent: revenues grew from $2.66 billion in 2018 to $4.95 billion in 2025. Net income has been far less steady, including a loss of $495.1 million in 2020 and a peak of $1.37 billion in 2023, followed by declines to $936.9 million in 2024 and $875 million in 2025. Operating margin in 2025 was about 22.8% on $1.13 billion of operating income, while net margin was about 17.7%, down from about 20.5% in 2024. Because the MD&A and risk-factor sections are absent, the company's own explanations for these gaps, its debt structure, and any legal or regulatory matters cannot be assessed from this data. The honest read is that reported operating results are strengthening while the bottom line has softened, and the reason for that divergence sits in filing sections not included here.

Catalyst.The filings supplied here do not include MD&A text, so management's own explanation of what is driving the business is not available for this synthesis. The reported financial facts do show momentum in the top line: revenues rose from $4.25 billion in 2023 to $4.57 billion in 2024 and to $4.95 billion in 2025, growth of about 7.5% and about 8.3% respectively. Operating income grew faster, from $893.5 million in 2024 to $1.13 billion in 2025, a year-over-year increase of about 26.5%. Readers may want to look at the MD&A section of the company's 10-K for the stated causes of these trends.

Hidden risk.The most visible tension is that net income moved in the opposite direction from operating income. Net income fell from $936.9 million in 2024 to $875 million in 2025, a decline of about 6.6%, even though operating income rose about 26.5%. The data does not include the items between those two lines, such as interest, taxes, or other income, so the cause cannot be identified here. Total assets also declined from $8.24 billion to $8.03 billion, about 2.5%. Risk-factor text, debt terms, and cash flow statements are not on file, so a careful reader would need those sections to test this gap.