Groupon Shareholder Nick Nemeth Urges Board For Faster Buybacks, $120M Cash Target And 10b5-1 Plan
Groupon, Inc. (NASDAQ: GRPN ) shareholder Nick Nemeth today publicly called on the Board and management to accelerate share repurchases, adopt a $120 million operating cash-balance goal and establish a Rule 10b5-1 plan that can continue buying through routine earnings blackouts. "Dušan, Rana and the team have earned our confidence by cutting costs, restoring annual growth and rebuilding Groupon," said Nemeth, publisher of Mispriced Assets. "We are asking the Board to bring the same urgency to capital allocation. If management delivers the improvement it sees ahead, waiting could mean retiring fewer shares with the same buyback dollars." Groupon returned to annual revenue and billings growth in 2025 for the first time in a decade: billings rose 7%, North America Local grew 14%, SG&A fell approximately $22 million and headcount declined 17%. Its 2026 restructuring targets another $20 million to $25 million in annualized payroll savings, partly reinvested in growth. 2025 results, 2026 update. On the Mispriced Assets podcast, CFO Rana Kashyap called the rebuild "a complete gut." Groupon is concentrating resources behind its strongest people, hiring talent from Uber, Klarna and DoorDash
Groupon, Inc. (NASDAQ: GRPN ) shareholder Nick Nemeth today publicly called on the Board and management to accelerate share repurchases, adopt a $120 million operating cash-balance goal and establish a Rule 10b5-1 plan that can continue buying through routine earnings blackouts. "Dušan, Rana and the team have earned our confidence by cutting costs, restoring annual growth and rebuilding Groupon," said Nemeth, publisher of Mispriced Assets. "We are asking the Board to bring the same urgency to capital allocation.
" Groupon returned to annual revenue and billings growth in 2025 for the first time in a decade: billings rose 7%, North America Local grew 14%, SG&A fell approximately $22 million and headcount declined 17%. Its 2026 restructuring targets another $20 million to $25 million in annualized payroll savings, partly reinvested in growth. 2025 results, 2026 update. " Groupon is concentrating resources behind its strongest people, hiring talent from Uber, Klarna and DoorDash, and equipping teams with Foundry, its data and AI platform.
Podcast. Management is advancing priorities in Nemeth’s shareholder letter on X: platform modernization, personalization, customer service, AI distribution and shareholder engagement. Groupon’s deals are now live in ChatGPT and Claude, with tools for developers and creators announced. Operating update, AI announcement.
Management expects second-half growth to accelerate. Better retention could amplify the result: repeat purchases carry higher margins, while more transactions absorb existing fixed costs.