Z
Zedge, Inc.
ZDGECIK 0001667313NYSENon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Jul 31
Period
FY 2025
Revenue
$29.40M
Net Income
$-2.39M
Total Assets
$35.65M
Equity
$25.90M
Shares Out
524.8K
Op. Cash Flow
$3.42M
Business
Zedge, Inc. builds digital marketplaces and friendly competitive games focused on mobile personalization, creator-driven content, and AI-enabled content creation. Its main products and services include the Zedge App (wallpapers, video wallpapers, ringtones, notification sounds), pAInt generative AI creation tools, the GuruShots gamified photography platform, Emojipedia emoji reference services, and DataSeeds, a B2B marketplace for rights-cleared imagery and datasets. Key business segments comprise the Zedge Marketplace (freemium, premium content, subscriptions and advertising), GuruShots gaming, Emojipedia editorial/advertising, and DataSeeds enterprise licensing. The company distributes via Google Play, the App Store, zedge.net and web channels and serves a global consumer and enterprise audience.
Summary from filing dated 2025-10-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-07-31 | FY 2024 2024-07-31 | FY 2023 2023-07-31 | FY 2022 2022-07-31 | FY 2021 2021-07-31 |
|---|---|---|---|---|---|---|
| Revenues | 29 | 30 | 27 | 27 | 20 | |
| Direct cost of revenues (excluding amortization of capitalized software and technology development costs which is included below) | 2 | 2 | 2 | 2 | 1 | |
| Selling, general and administrative | 27 | 26 | 22 | 15 | 9 | |
| Depreciation and amortization | 1 | 2 | 3 | 2 | 1 | |
| Impairment of intangible assets | — | 12 | — | — | — | |
| Restructuring charges | 2 | — | — | — | — | |
| Loss on disposal of property and equipment | 21,000 | — | — | — | — | |
| Impairment of capitalized software and technology development costs | 800,000 | — | — | — | — | |
| Loss from operations | −3 | −12 | −7 | 12 | 8 | |
| Interest and other income, net | 666,000 | 626,000 | 311,000 | 49,000 | 245,000 | |
| Net loss resulting from foreign exchange transactions | −151,000 | −190,000 | 36,000 | −281,000 | −2,000 | |
| Loss before income taxes | −3 | −11 | −7 | 12 | 8 | |
| Income taxes benefit | −325,000 | −2 | −462,000 | 2 | −202,000 | |
| Net loss | −2 | −9 | −6 | 10 | 8 | |
| Foreign currency translation adjustment | 323,000 | −295,000 | −146,000 | −394,000 | — | |
| Total other comprehensive income (loss) | 323,000 | −295,000 | −146,000 | −394,000 | 88,000 | |
| Total comprehensive loss | −2 | −9 | −6 | 9 | 8 | |
| Basic (in Dollars per share) | −0.17 | −0.65 | −0.43 | 0.69 | 0.63 | |
| Diluted (in Dollars per share) | −0.17 | −0.65 | −0.43 | 0.65 | 0.59 | |
| Basic (in Shares) | 14 | 14 | 14 | 14 | 13 | |
| Diluted (in Shares) | 14 | 14 | 14 | 15 | 14 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-07-31 | FY 2024 2024-07-31 | FY 2023 2023-07-31 | FY 2022 2022-07-31 | FY 2021 2021-07-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 19 | 20 | 18 | 17 | 25 | |
| Trade accounts receivable | 3 | 3 | 3 | 2 | 3 | |
| Prepaid expenses and other current assets | 671,000 | 593,000 | — | — | — | |
| Total Current assets | 22 | 24 | 22 | 20 | 28 | |
| Property and equipment, net | 1 | 2 | 2 | 2 | 2 | |
| Intangible assets, net | 5 | 5 | 19 | 21 | — | |
| Goodwill | 2 | 2 | 2 | 11 | 2 | |
| Deferred tax assets, net | 5 | 4 | 2 | 861,000 | 477,000 | |
| Other assets | 244,000 | 355,000 | 556,000 | 400,000 | 5 | |
| Total assets | 36 | 38 | 47 | 55 | 37 | |
| Trade accounts payable | 1 | 1 | 669,000 | — | — | |
| Accrued expenses and other current liabilities | 3 | 3 | — | — | — | |
| Deferred revenues | 3 | 2 | 2 | — | — | |
| Total Current liabilities | 8 | 6 | 6 | 9 | 4 | |
| Deferred revenues--non-current | 2 | 931,000 | — | — | — | |
| Other liabilities | 53,000 | 118,000 | 223,000 | 53,000 | 145,000 | |
| Total liabilities | 10 | 7 | 8 | 10 | 4 | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Preferred stock, $.01 par value; authorized shares2,400; no shares issued and outstanding | — | — | — | — | — | |
| Additional paid-in capital | 50 | 48 | 46 | 44 | 42 | |
| Accumulated other comprehensive loss | −2 | −2 | −2 | −1 | −997,000 | |
| Accumulated deficit | −16 | −13 | −4 | 2 | −8 | |
| Treasury stock, 2,381 shares at July 31, 2025 and 1,051 shares at July 31, 2024, at cost | −7 | −3 | −2 | −334,000 | — | |
| Total stockholders equity | 26 | 31 | 39 | 44 | 33 | |
| Total liabilities and stockholders equity | 36 | 38 | 47 | 55 | 37 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-07-31 | FY 2024 2024-07-31 | FY 2023 2023-07-31 | FY 2022 2022-07-31 | FY 2021 2021-07-31 |
|---|---|---|---|---|---|---|
| Depreciation | 63,000 | 56,000 | 60,000 | 48,000 | — | |
| Amortization of intangible assets | 447,000 | 1 | 2 | 1 | — | |
| Amortization of capitalized software and technology development costs | 639,000 | 1 | 893,000 | — | — | |
| Amortization of deferred financing costs | — | 15,000 | 3,000 | — | — | |
| Stock-based compensation | 1 | 2 | 3 | 2 | 652,000 | |
| Impairment charge of ROU asset | 140,000 | — | — | — | — | |
| Impairment of investment in privately-held company | — | 50,000 | — | — | — | |
| Deferred income taxes | −479,000 | −3 | −981,000 | −384,000 | −477,000 | |
| Trade accounts receivable | 242,000 | −523,000 | −472,000 | 371,000 | −1 | |
| Prepaid expenses and other current assets | −78,000 | −24,000 | −173,000 | −161,000 | 257,000 | |
| Other assets | −94,000 | 45,000 | 14,000 | −6,000 | 232,000 | |
| Trade accounts payable and accrued expenses | 378,000 | 722,000 | −711,000 | 436,000 | 830,000 | |
| Deferred revenues | 2 | 685,000 | −988,000 | — | — | |
| Net cash provided by operating activities | 3 | 6 | 3 | 11 | 10 | |
| Capitalized software and technology development costs | −466,000 | −1 | −1 | −566,000 | −653,000 | |
| Purchase of property and equipment | −83,000 | −47,000 | −54,000 | −45,000 | — | |
| Net cash used in investing activities | −549,000 | −1 | −2 | −19 | −5 | |
| Purchase of treasury stock in connection with share buyback program and stock awards vesting | −4 | −646,000 | −2 | −232,000 | −26,000 | |
| Prepayment of term loan | — | −2 | — | — | — | |
| Proceeds from exercise of stock options | 62,000 | 3,000 | 1,000 | 9,000 | 873,000 | |
| Net cash used in financing activities | −4 | −3 | 387,000 | −223,000 | 15 | |
| Effect of exchange rate changes on cash and cash equivalents | 109,000 | −140,000 | −87,000 | −142,000 | 45,000 | |
| Net (decrease) increase in cash and cash equivalents | −1 | 2 | 1 | −8 | 20 | |
| Cash payments made for income taxes | 220,000 | 281,000 | — | 2 | 1,000 | |
| Cash payments made for interest expenses | — | 66,000 | 118,000 | — | 3,000 |
Filings
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