Zedge, Inc. (ZDGE) 10-Year Financial Performance & Capital Metrics

ZDGE • • Industrial / General

Communication ServicesInternet ServicesDigital Content & Media PlatformsMobile Personalization Content

AboutZedge, Inc. operates a digital publishing and content platform worldwide. Its platform enables consumers to personalize their mobile devices with ringtones, home screen app icons, wallpapers, widgets, and notification sounds. The company was incorporated in 2008 and is based in New York, New York.Show more

Revenue $29M -2.3%
EBITDA $370K -85.8%
Net Income -$2M +73.9%
EPS (Diluted) -0.17 +73.8%
Gross Margin 89.83% +4.9%
EBITDA Margin 1.26% -85.5%
Operating Margin -2.65% -621.1%
Net Margin -8.14% +73.3%
ROE -8.42% +68.0%
ROIC -6.29% -1035.9%
Debt/Equity 0.01 +15.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 82 (top 18%)
✓Strong 5Y sales CAGR of 25.4%
✓Share count reduced 2.5% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.5%

5Y25.43%

3Y3.46%

TTM-1.29%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM86.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM86.87%

ROCE

10Y Avg1.48%

5Y Avg11.26%

3Y Avg-0.83%

Latest-2.6%

Peer Comparison

Mobile Personalization Content

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZDGEZedge, Inc.	47.69M	3.82	-22.47	-2.3%	-4.24%	-4.89%	7%	0.01

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Sales/Revenue+	11.11M	10.03M	10.83M	8.82M	9.47M	19.57M	26.55M	27.24M	30.09M	29.4M
Revenue Growth %	0.23%	-0.1%	0.08%	-0.19%	0.07%	1.07%	0.36%	0.03%	0.1%	-0.02%
Cost of Goods Sold+	1.9M	2.21M	2.55M	2.81M	2.76M	2.46M	3.61M	5.51M	4.31M	2.99M
COGS % of Revenue	0.17%	0.22%	0.24%	0.32%	0.29%	0.13%	0.14%	0.2%	0.14%	0.1%
Gross Profit+	9.21M	7.82M	8.28M	6.01M	6.71M	17.11M	22.94M	21.73M	25.78M	26.41M
Gross Margin %	0.83%	0.78%	0.76%	0.68%	0.71%	0.87%	0.86%	0.8%	0.86%	0.9%
Gross Profit Growth %	0.25%	-0.15%	0.06%	-0.27%	0.12%	1.55%	0.34%	-0.05%	0.19%	0.02%
Operating Expenses+	7.75M	8.47M	9.66M	8.9M	7.11M	9.31M	14.2M	21.86M	25.63M	27.19M
OpEx % of Revenue	0.7%	0.84%	0.89%	1.01%	0.75%	0.48%	0.53%	0.8%	0.85%	0.92%
Selling, General & Admin	7.75M	8.47M	9.62M	8.9M	7.11M	9.31M	14.2M	21.86M	25.63M	27.19M
SG&A % of Revenue	0.7%	0.84%	0.89%	1.01%	0.75%	0.48%	0.53%	0.8%	0.85%	0.92%
Research & Development	0	0	39K	0	0	0	0	0	0	827K
R&D % of Revenue	-	-	0%	-	-	-	-	-	-	0.03%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	-827K
Operating Income+	1.45M	-647K	-1.38M	-2.89M	-403K	7.8M	8.74M	-127K	153K	-779K
Operating Margin %	0.13%	-0.06%	-0.13%	-0.33%	-0.04%	0.4%	0.33%	-0%	0.01%	-0.03%
Operating Income Growth %	-0.14%	-1.44%	-1.13%	-1.1%	0.86%	20.36%	0.12%	-1.01%	2.2%	-6.09%
EBITDA+	2.06M	-4K	-344K	-1.46M	1.17M	9.06M	10.7M	3.14M	2.61M	370K
EBITDA Margin %	0.19%	-0%	-0.03%	-0.17%	0.12%	0.46%	0.4%	0.12%	0.09%	0.01%
EBITDA Growth %	-0.11%	-1%	-85%	-3.24%	1.8%	6.78%	0.18%	-0.71%	-0.17%	-0.86%
D&A (Non-Cash Add-back)	605K	643K	1.03M	1.43M	1.57M	1.26M	1.97M	3.27M	2.45M	1.15M
EBIT	1.13M	-627K	-1.41M	-3.33M	-544K	8.05M	11.61M	-6.56M	-11.37M	-2.72M
Net Interest Income+	2K	19K	29K	-199K	11K	245K	49K	311K	626K	666K
Interest Income	2K	19K	29K	0	11K	245K	49K	311K	626K	666K
Interest Expense	0	0	0	199K	0	0	0	0	0	0
Other Income/Expense	-328K	20K	-34K	-441K	-141K	243K	2.87M	-6.44M	-11.52M	-1.94M
Pretax Income+	1.13M	-627K	-1.33M	-3.33M	-544K	8.05M	11.61M	-6.56M	-11.37M	-2.72M
Pretax Margin %	0.1%	-0.06%	-0.12%	-0.38%	-0.06%	0.41%	0.44%	-0.24%	-0.38%	-0.09%
Income Tax+	143K	-16K	230K	16K	15K	-202K	1.89M	-462K	-2.2M	-325K
Effective Tax Rate %	0.87%	0.97%	1.17%	1%	1.03%	1.03%	0.84%	0.93%	0.81%	0.88%
Net Income+	983K	-611K	-1.56M	-3.34M	-559K	8.25M	9.71M	-6.1M	-9.17M	-2.39M
Net Margin %	0.09%	-0.06%	-0.14%	-0.38%	-0.06%	0.42%	0.37%	-0.22%	-0.3%	-0.08%
Net Income Growth %	-0.38%	-1.62%	-1.56%	-1.14%	0.83%	15.75%	0.18%	-1.63%	-0.5%	0.74%
Net Income (Continuing)	983K	-611K	-1.56M	-3.34M	-559K	8.25M	9.71M	-6.1M	-9.17M	-2.39M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.11	-0.06	-0.16	-0.33	-0.05	0.59	0.65	-0.43	-0.65	-0.17
EPS Growth %	-0.39%	-1.59%	-1.48%	-1.06%	0.85%	12.75%	0.1%	-1.66%	-0.51%	0.74%
EPS (Basic)	0.12	-0.06	-0.16	-0.33	-0.05	0.63	0.69	-0.43	-0.65	-0.17
Diluted Shares Outstanding	9.28M	9.47M	9.8M	10.08M	11.13M	14.04M	14.86M	14.1M	14.09M	13.74M
Basic Shares Outstanding	8.35M	9.47M	9.77M	10.08M	11.13M	13.16M	14.18M	14.1M	14.09M	13.74M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Total Current Assets+	7.96M	7.03M	5.8M	3.23M	6.75M	27.61M	19.89M	21.58M	24M	22.44M
Cash & Short-Term Investments	5.98M	4.58M	3.41M	1.61M	5.11M	24.91M	17.09M	18.13M	20M	18.61M
Cash Only	5.98M	4.58M	3.41M	1.61M	5.11M	24.91M	17.09M	18.13M	20M	18.61M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.67M	1.71M	1.99M	1.17M	1.41M	2.54M	2.41M	2.88M	3.41M	3.16M
Days Sales Outstanding	54.78	62.29	66.88	48.36	54.23	47.47	33.15	38.63	41.31	39.28
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	107K	427K	108K	68K	113K	49K	0	569K	593K	28K
Total Non-Current Assets+	4.47M	5.5M	5.92M	5.78M	5.25M	9.86M	34.73M	25.25M	14.2M	13.21M
Property, Plant & Equipment	1.84M	2.68M	3.34M	3.4M	2.9M	2.22M	1.86M	2.55M	2.52M	1.35M
Fixed Asset Turnover	6.03x	3.75x	3.24x	2.60x	3.26x	8.80x	14.24x	10.70x	11.94x	21.71x
Goodwill	2.36M	2.52M	2.45M	2.27M	2.2M	2.26M	10.79M	1.96M	1.82M	1.93M
Intangible Assets	0	0	0	0	0	0	21.02M	18.71M	5.37M	4.92M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	123K	129K	125K	120K	154K	4.9M	196K	196K	141K	180K
Total Assets+	12.43M	12.53M	11.72M	9.01M	12.01M	37.48M	54.63M	46.83M	38.2M	35.65M
Asset Turnover	0.89x	0.80x	0.92x	0.98x	0.79x	0.52x	0.49x	0.58x	0.79x	0.82x
Asset Growth %	0.49%	0.01%	-0.06%	-0.23%	0.33%	2.12%	0.46%	-0.14%	-0.18%	-0.07%
Total Current Liabilities+	1.84M	1.91M	1.72M	2.05M	2.84M	4.18M	8.66M	5.76M	6.25M	7.76M
Accounts Payable	36K	33K	280K	217K	290K	585K	1.18M	669K	1.11M	1.47M
Days Payables Outstanding	6.9	5.45	40.06	28.23	38.31	86.98	119.41	44.31	94.19	179.57
Short-Term Debt	0	0	0	141K	232K	86K	142K	124K	85K	144K
Deferred Revenue (Current)	15K	0	11K	517K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.1M	905K	480K	434K	454K	596K	2.1M	772K	655K	835K
Current Ratio	4.33x	3.68x	3.37x	1.58x	2.38x	6.61x	2.30x	3.75x	3.84x	2.89x
Quick Ratio	4.33x	3.68x	3.37x	1.58x	2.38x	6.61x	2.30x	3.75x	3.84x	2.89x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	0	282K	145K	1.78M	2.21M	1.05M	1.99M
Long-Term Debt	0	0	0	0	218K	0	0	1.99M	0	0
Capital Lease Obligations	0	0	0	0	64K	145K	53K	223K	118K	53K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	1.73M	0	0	0
Total Liabilities	1.84M	1.91M	1.72M	2.05M	3.12M	4.32M	10.44M	7.97M	7.3M	9.75M
Total Debt+	0	0	0	141K	514K	231K	195K	2.33M	203K	197K
Net Debt	-5.98M	-4.58M	-3.41M	-1.47M	-4.6M	-24.68M	-16.89M	-15.79M	-19.8M	-18.41M
Debt / Equity	-	-	-	0.02x	0.06x	0.01x	0.00x	0.06x	0.01x	0.01x
Debt / EBITDA	-	-	-	-	0.44x	0.03x	0.02x	0.74x	0.08x	0.53x
Net Debt / EBITDA	-2.90x	-	-	-	-3.95x	-2.72x	-1.58x	-5.03x	-7.59x	-49.76x
Interest Coverage	-	-	-	-14.51x	-	-	-	-	-	-
Total Equity+	10.6M	10.62M	10.01M	6.96M	8.88M	33.16M	44.19M	38.86M	30.9M	25.9M
Equity Growth %	0.64%	0%	-0.06%	-0.3%	0.28%	2.73%	0.33%	-0.12%	-0.21%	-0.16%
Book Value per Share	1.14	1.12	1.02	0.69	0.80	2.36	2.97	2.76	2.19	1.89
Total Shareholders' Equity	10.6M	10.62M	10.01M	6.96M	8.88M	33.16M	44.19M	38.86M	30.9M	25.9M
Common Stock	93K	96K	103K	104K	123K	144K	144K	151K	154K	156K
Retained Earnings	-9.72M	-10.34M	-11.9M	-15.24M	-15.8M	-7.55M	2.16M	-3.94M	-13.11M	-15.51M
Treasury Stock	0	0	0	-47K	-76K	-102K	-334K	-1.93M	-2.58M	-7.01M
Accumulated OCI	-817K	-584K	-702K	-985K	-1.08M	-997K	-1.39M	-1.54M	-1.83M	-1.51M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Cash from Operations+	1.84M	-97K	332K	76K	2.12M	10.13M	11.49M	3.16M	5.85M	3.42M
Operating CF Margin %	0.17%	-0.01%	0.03%	0.01%	0.22%	0.52%	0.43%	0.12%	0.19%	0.12%
Operating CF Growth %	-0.19%	-1.05%	4.42%	-0.77%	26.92%	3.77%	0.13%	-0.72%	0.85%	-0.42%
Net Income	983K	-611K	-1.56M	-3.34M	-559K	8.25M	9.71M	-6.1M	-9.17M	-2.39M
Depreciation & Amortization	605K	643K	1.03M	1.43M	1.57M	1.26M	1.97M	3.27M	2.45M	1.15M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-26K	-28K	172K	0	0	-477K	-384K	-981K	-2.5M	-479K
Other Non-Cash Items	447K	311K	837K	872K	492K	434K	-2.02M	9.31M	14.16M	2.43M
Working Capital Changes	-167K	-412K	-147K	1.12M	621K	664K	2.22M	-2.33M	905K	2.71M
Change in Receivables	-46K	-45K	-65K	644K	-274K	-1.14M	371K	-472K	-523K	242K
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	39K	400K	-171K	-311K	-118K	830K	436K	-711K	722K	378K
Cash from Investing+	-1.01M	-1.51M	-1.7M	-1.74M	-759K	-5.48M	-18.95M	-2.42M	-1.19M	-549K
Capital Expenditures	-1.01M	-1.51M	-1.7M	-1.49M	-759K	-653K	-1.53M	-2.42M	-1.19M	-549K
CapEx % of Revenue	0.09%	0.15%	0.16%	0.17%	0.08%	0.03%	0.06%	0.09%	0.04%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	-4.78M	0	0	0	0
Cash from Financing+	3.01M	166K	232K	-42K	2.17M	15.1M	-223K	387K	-2.64M	-4.37M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3M	0	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	836K	-1.6M	-1.37M	-1.41M	1.36M	9.48M	10.88M	1.7M	4.66M	3.34M
FCF Margin %	0.08%	-0.16%	-0.13%	-0.16%	0.14%	0.48%	0.41%	0.06%	0.15%	0.11%
FCF Growth %	-0.4%	-2.92%	0.15%	-0.03%	1.96%	5.95%	0.15%	-0.84%	1.74%	-0.28%
FCF per Share	0.09	-0.17	-0.14	-0.14	0.12	0.68	0.73	0.12	0.33	0.24
FCF Conversion (FCF/Net Income)	1.87x	0.16x	-0.21x	-0.02x	-3.80x	1.23x	1.18x	-0.52x	-0.64x	-1.43x
Interest Paid	0	0	0	0	3K	3K	0	118K	66K	0
Taxes Paid	112K	0	31K	1K	1K	1K	2.36M	795K	272K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	11.54%	-5.76%	-15.15%	-39.41%	-7.06%	39.24%	25.12%	-14.69%	-26.29%	-8.42%
Return on Invested Capital (ROIC)	24.53%	-9.1%	-16.34%	-35.81%	-6.18%	91.68%	36.63%	-0.38%	0.67%	-6.29%
Gross Margin	82.87%	77.97%	76.45%	68.17%	70.82%	87.45%	86.41%	79.77%	85.67%	89.83%
Net Margin	8.85%	-6.09%	-14.43%	-37.93%	-5.9%	42.15%	36.59%	-22.4%	-30.48%	-8.14%
Debt / Equity	-	-	-	0.02x	0.06x	0.01x	0.00x	0.06x	0.01x	0.01x
Interest Coverage	-	-	-	-14.51x	-	-	-	-	-	-
FCF Conversion	1.87x	0.16x	-0.21x	-0.02x	-3.80x	1.23x	1.18x	-0.52x	-0.64x	-1.43x
Revenue Growth	22.77%	-9.74%	8%	-18.62%	7.42%	106.64%	35.65%	2.62%	10.46%	-2.3%

Revenue by Segment

	2019	2020	2021	2023	2024	2025
Advertising	-	-	-	18.27M	21.04M	20.34M
Advertising Growth	-	-	-	-	15.15%	-3.35%
Subscription and Circulation	-	-	-	3.49M	4.35M	5.09M
Subscription and Circulation Growth	-	-	-	-	24.68%	17.11%
AdvertisingRevenueMember	-	7.41M	15.74M	-	-	-
AdvertisingRevenueMember Growth	-	-	112.43%	-	-	-
ServiceRevenueMember	-	-	3.31M	-	-	-
ServiceRevenueMember Growth	-	-	-	-	-	-
ZedgePremiumAndShortzRevenuesMember	-	461K	517K	-	-	-
ZedgePremiumAndShortzRevenuesMember Growth	-	-	12.15%	-	-	-
SubscriptionAndZedgePremiumRevenueMember	-	1.6M	-	-	-	-
SubscriptionAndZedgePremiumRevenueMember Growth	-	-	-	-	-	-
Advertising Revenue	7.94M	-	-	-	-	-
Advertising Revenue Growth	-	-	-	-	-	-
Service Revenue	592K	-	-	-	-	-
Service Revenue Growth	-	-	-	-	-	-
Other Revenue	284K	-	-	-	-	-
Other Revenue Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Zedge, Inc. (ZDGE) reported $29.8M in revenue for fiscal year 2025. This represents a 357% increase from $6.5M in 2014.

Zedge, Inc. (ZDGE) saw revenue decline by 2.3% over the past year.

Zedge, Inc. (ZDGE) reported a net loss of $1.3M for fiscal year 2025.

Dividend & Returns

Zedge, Inc. (ZDGE) has a return on equity (ROE) of -8.4%. Negative ROE indicates the company is unprofitable.

Zedge, Inc. (ZDGE) generated $3.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Zedge, Inc. (ZDGE) 10-Year Financial Performance & Capital Metrics

ZDGE • • Industrial / General

Communication ServicesInternet ServicesDigital Content & Media PlatformsMobile Personalization Content

Revenue $29M -2.3%
EBITDA $370K -85.8%
Net Income -$2M +73.9%
EPS (Diluted) -0.17 +73.8%
Gross Margin 89.83% +4.9%
EBITDA Margin 1.26% -85.5%
Operating Margin -2.65% -621.1%
Net Margin -8.14% +73.3%
ROE -8.42% +68.0%
ROIC -6.29% -1035.9%
Debt/Equity 0.01 +15.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 82 (top 18%)
✓Strong 5Y sales CAGR of 25.4%
✓Share count reduced 2.5% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y12.5%

5Y25.43%

3Y3.46%

TTM-1.29%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM86.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM86.87%

ROCE

10Y Avg1.48%

5Y Avg11.26%

3Y Avg-0.83%

Latest-2.6%

Peer Comparison

Mobile Personalization Content

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZDGEZedge, Inc.	47.69M	3.82	-22.47	-2.3%	-4.24%	-4.89%	7%	0.01

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Sales/Revenue+	11.11M	10.03M	10.83M	8.82M	9.47M	19.57M	26.55M	27.24M	30.09M	29.4M
Revenue Growth %	0.23%	-0.1%	0.08%	-0.19%	0.07%	1.07%	0.36%	0.03%	0.1%	-0.02%
Cost of Goods Sold+	1.9M	2.21M	2.55M	2.81M	2.76M	2.46M	3.61M	5.51M	4.31M	2.99M
COGS % of Revenue	0.17%	0.22%	0.24%	0.32%	0.29%	0.13%	0.14%	0.2%	0.14%	0.1%
Gross Profit+	9.21M	7.82M	8.28M	6.01M	6.71M	17.11M	22.94M	21.73M	25.78M	26.41M
Gross Margin %	0.83%	0.78%	0.76%	0.68%	0.71%	0.87%	0.86%	0.8%	0.86%	0.9%
Gross Profit Growth %	0.25%	-0.15%	0.06%	-0.27%	0.12%	1.55%	0.34%	-0.05%	0.19%	0.02%
Operating Expenses+	7.75M	8.47M	9.66M	8.9M	7.11M	9.31M	14.2M	21.86M	25.63M	27.19M
OpEx % of Revenue	0.7%	0.84%	0.89%	1.01%	0.75%	0.48%	0.53%	0.8%	0.85%	0.92%
Selling, General & Admin	7.75M	8.47M	9.62M	8.9M	7.11M	9.31M	14.2M	21.86M	25.63M	27.19M
SG&A % of Revenue	0.7%	0.84%	0.89%	1.01%	0.75%	0.48%	0.53%	0.8%	0.85%	0.92%
Research & Development	0	0	39K	0	0	0	0	0	0	827K
R&D % of Revenue	-	-	0%	-	-	-	-	-	-	0.03%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	-827K
Operating Income+	1.45M	-647K	-1.38M	-2.89M	-403K	7.8M	8.74M	-127K	153K	-779K
Operating Margin %	0.13%	-0.06%	-0.13%	-0.33%	-0.04%	0.4%	0.33%	-0%	0.01%	-0.03%
Operating Income Growth %	-0.14%	-1.44%	-1.13%	-1.1%	0.86%	20.36%	0.12%	-1.01%	2.2%	-6.09%
EBITDA+	2.06M	-4K	-344K	-1.46M	1.17M	9.06M	10.7M	3.14M	2.61M	370K
EBITDA Margin %	0.19%	-0%	-0.03%	-0.17%	0.12%	0.46%	0.4%	0.12%	0.09%	0.01%
EBITDA Growth %	-0.11%	-1%	-85%	-3.24%	1.8%	6.78%	0.18%	-0.71%	-0.17%	-0.86%
D&A (Non-Cash Add-back)	605K	643K	1.03M	1.43M	1.57M	1.26M	1.97M	3.27M	2.45M	1.15M
EBIT	1.13M	-627K	-1.41M	-3.33M	-544K	8.05M	11.61M	-6.56M	-11.37M	-2.72M
Net Interest Income+	2K	19K	29K	-199K	11K	245K	49K	311K	626K	666K
Interest Income	2K	19K	29K	0	11K	245K	49K	311K	626K	666K
Interest Expense	0	0	0	199K	0	0	0	0	0	0
Other Income/Expense	-328K	20K	-34K	-441K	-141K	243K	2.87M	-6.44M	-11.52M	-1.94M
Pretax Income+	1.13M	-627K	-1.33M	-3.33M	-544K	8.05M	11.61M	-6.56M	-11.37M	-2.72M
Pretax Margin %	0.1%	-0.06%	-0.12%	-0.38%	-0.06%	0.41%	0.44%	-0.24%	-0.38%	-0.09%
Income Tax+	143K	-16K	230K	16K	15K	-202K	1.89M	-462K	-2.2M	-325K
Effective Tax Rate %	0.87%	0.97%	1.17%	1%	1.03%	1.03%	0.84%	0.93%	0.81%	0.88%
Net Income+	983K	-611K	-1.56M	-3.34M	-559K	8.25M	9.71M	-6.1M	-9.17M	-2.39M
Net Margin %	0.09%	-0.06%	-0.14%	-0.38%	-0.06%	0.42%	0.37%	-0.22%	-0.3%	-0.08%
Net Income Growth %	-0.38%	-1.62%	-1.56%	-1.14%	0.83%	15.75%	0.18%	-1.63%	-0.5%	0.74%
Net Income (Continuing)	983K	-611K	-1.56M	-3.34M	-559K	8.25M	9.71M	-6.1M	-9.17M	-2.39M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.11	-0.06	-0.16	-0.33	-0.05	0.59	0.65	-0.43	-0.65	-0.17
EPS Growth %	-0.39%	-1.59%	-1.48%	-1.06%	0.85%	12.75%	0.1%	-1.66%	-0.51%	0.74%
EPS (Basic)	0.12	-0.06	-0.16	-0.33	-0.05	0.63	0.69	-0.43	-0.65	-0.17
Diluted Shares Outstanding	9.28M	9.47M	9.8M	10.08M	11.13M	14.04M	14.86M	14.1M	14.09M	13.74M
Basic Shares Outstanding	8.35M	9.47M	9.77M	10.08M	11.13M	13.16M	14.18M	14.1M	14.09M	13.74M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Total Current Assets+	7.96M	7.03M	5.8M	3.23M	6.75M	27.61M	19.89M	21.58M	24M	22.44M
Cash & Short-Term Investments	5.98M	4.58M	3.41M	1.61M	5.11M	24.91M	17.09M	18.13M	20M	18.61M
Cash Only	5.98M	4.58M	3.41M	1.61M	5.11M	24.91M	17.09M	18.13M	20M	18.61M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.67M	1.71M	1.99M	1.17M	1.41M	2.54M	2.41M	2.88M	3.41M	3.16M
Days Sales Outstanding	54.78	62.29	66.88	48.36	54.23	47.47	33.15	38.63	41.31	39.28
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	107K	427K	108K	68K	113K	49K	0	569K	593K	28K
Total Non-Current Assets+	4.47M	5.5M	5.92M	5.78M	5.25M	9.86M	34.73M	25.25M	14.2M	13.21M
Property, Plant & Equipment	1.84M	2.68M	3.34M	3.4M	2.9M	2.22M	1.86M	2.55M	2.52M	1.35M
Fixed Asset Turnover	6.03x	3.75x	3.24x	2.60x	3.26x	8.80x	14.24x	10.70x	11.94x	21.71x
Goodwill	2.36M	2.52M	2.45M	2.27M	2.2M	2.26M	10.79M	1.96M	1.82M	1.93M
Intangible Assets	0	0	0	0	0	0	21.02M	18.71M	5.37M	4.92M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	123K	129K	125K	120K	154K	4.9M	196K	196K	141K	180K
Total Assets+	12.43M	12.53M	11.72M	9.01M	12.01M	37.48M	54.63M	46.83M	38.2M	35.65M
Asset Turnover	0.89x	0.80x	0.92x	0.98x	0.79x	0.52x	0.49x	0.58x	0.79x	0.82x
Asset Growth %	0.49%	0.01%	-0.06%	-0.23%	0.33%	2.12%	0.46%	-0.14%	-0.18%	-0.07%
Total Current Liabilities+	1.84M	1.91M	1.72M	2.05M	2.84M	4.18M	8.66M	5.76M	6.25M	7.76M
Accounts Payable	36K	33K	280K	217K	290K	585K	1.18M	669K	1.11M	1.47M
Days Payables Outstanding	6.9	5.45	40.06	28.23	38.31	86.98	119.41	44.31	94.19	179.57
Short-Term Debt	0	0	0	141K	232K	86K	142K	124K	85K	144K
Deferred Revenue (Current)	15K	0	11K	517K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.1M	905K	480K	434K	454K	596K	2.1M	772K	655K	835K
Current Ratio	4.33x	3.68x	3.37x	1.58x	2.38x	6.61x	2.30x	3.75x	3.84x	2.89x
Quick Ratio	4.33x	3.68x	3.37x	1.58x	2.38x	6.61x	2.30x	3.75x	3.84x	2.89x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	0	282K	145K	1.78M	2.21M	1.05M	1.99M
Long-Term Debt	0	0	0	0	218K	0	0	1.99M	0	0
Capital Lease Obligations	0	0	0	0	64K	145K	53K	223K	118K	53K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	1.73M	0	0	0
Total Liabilities	1.84M	1.91M	1.72M	2.05M	3.12M	4.32M	10.44M	7.97M	7.3M	9.75M
Total Debt+	0	0	0	141K	514K	231K	195K	2.33M	203K	197K
Net Debt	-5.98M	-4.58M	-3.41M	-1.47M	-4.6M	-24.68M	-16.89M	-15.79M	-19.8M	-18.41M
Debt / Equity	-	-	-	0.02x	0.06x	0.01x	0.00x	0.06x	0.01x	0.01x
Debt / EBITDA	-	-	-	-	0.44x	0.03x	0.02x	0.74x	0.08x	0.53x
Net Debt / EBITDA	-2.90x	-	-	-	-3.95x	-2.72x	-1.58x	-5.03x	-7.59x	-49.76x
Interest Coverage	-	-	-	-14.51x	-	-	-	-	-	-
Total Equity+	10.6M	10.62M	10.01M	6.96M	8.88M	33.16M	44.19M	38.86M	30.9M	25.9M
Equity Growth %	0.64%	0%	-0.06%	-0.3%	0.28%	2.73%	0.33%	-0.12%	-0.21%	-0.16%
Book Value per Share	1.14	1.12	1.02	0.69	0.80	2.36	2.97	2.76	2.19	1.89
Total Shareholders' Equity	10.6M	10.62M	10.01M	6.96M	8.88M	33.16M	44.19M	38.86M	30.9M	25.9M
Common Stock	93K	96K	103K	104K	123K	144K	144K	151K	154K	156K
Retained Earnings	-9.72M	-10.34M	-11.9M	-15.24M	-15.8M	-7.55M	2.16M	-3.94M	-13.11M	-15.51M
Treasury Stock	0	0	0	-47K	-76K	-102K	-334K	-1.93M	-2.58M	-7.01M
Accumulated OCI	-817K	-584K	-702K	-985K	-1.08M	-997K	-1.39M	-1.54M	-1.83M	-1.51M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Cash from Operations+	1.84M	-97K	332K	76K	2.12M	10.13M	11.49M	3.16M	5.85M	3.42M
Operating CF Margin %	0.17%	-0.01%	0.03%	0.01%	0.22%	0.52%	0.43%	0.12%	0.19%	0.12%
Operating CF Growth %	-0.19%	-1.05%	4.42%	-0.77%	26.92%	3.77%	0.13%	-0.72%	0.85%	-0.42%
Net Income	983K	-611K	-1.56M	-3.34M	-559K	8.25M	9.71M	-6.1M	-9.17M	-2.39M
Depreciation & Amortization	605K	643K	1.03M	1.43M	1.57M	1.26M	1.97M	3.27M	2.45M	1.15M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-26K	-28K	172K	0	0	-477K	-384K	-981K	-2.5M	-479K
Other Non-Cash Items	447K	311K	837K	872K	492K	434K	-2.02M	9.31M	14.16M	2.43M
Working Capital Changes	-167K	-412K	-147K	1.12M	621K	664K	2.22M	-2.33M	905K	2.71M
Change in Receivables	-46K	-45K	-65K	644K	-274K	-1.14M	371K	-472K	-523K	242K
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	39K	400K	-171K	-311K	-118K	830K	436K	-711K	722K	378K
Cash from Investing+	-1.01M	-1.51M	-1.7M	-1.74M	-759K	-5.48M	-18.95M	-2.42M	-1.19M	-549K
Capital Expenditures	-1.01M	-1.51M	-1.7M	-1.49M	-759K	-653K	-1.53M	-2.42M	-1.19M	-549K
CapEx % of Revenue	0.09%	0.15%	0.16%	0.17%	0.08%	0.03%	0.06%	0.09%	0.04%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	-4.78M	0	0	0	0
Cash from Financing+	3.01M	166K	232K	-42K	2.17M	15.1M	-223K	387K	-2.64M	-4.37M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3M	0	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	836K	-1.6M	-1.37M	-1.41M	1.36M	9.48M	10.88M	1.7M	4.66M	3.34M
FCF Margin %	0.08%	-0.16%	-0.13%	-0.16%	0.14%	0.48%	0.41%	0.06%	0.15%	0.11%
FCF Growth %	-0.4%	-2.92%	0.15%	-0.03%	1.96%	5.95%	0.15%	-0.84%	1.74%	-0.28%
FCF per Share	0.09	-0.17	-0.14	-0.14	0.12	0.68	0.73	0.12	0.33	0.24
FCF Conversion (FCF/Net Income)	1.87x	0.16x	-0.21x	-0.02x	-3.80x	1.23x	1.18x	-0.52x	-0.64x	-1.43x
Interest Paid	0	0	0	0	3K	3K	0	118K	66K	0
Taxes Paid	112K	0	31K	1K	1K	1K	2.36M	795K	272K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	11.54%	-5.76%	-15.15%	-39.41%	-7.06%	39.24%	25.12%	-14.69%	-26.29%	-8.42%
Return on Invested Capital (ROIC)	24.53%	-9.1%	-16.34%	-35.81%	-6.18%	91.68%	36.63%	-0.38%	0.67%	-6.29%
Gross Margin	82.87%	77.97%	76.45%	68.17%	70.82%	87.45%	86.41%	79.77%	85.67%	89.83%
Net Margin	8.85%	-6.09%	-14.43%	-37.93%	-5.9%	42.15%	36.59%	-22.4%	-30.48%	-8.14%
Debt / Equity	-	-	-	0.02x	0.06x	0.01x	0.00x	0.06x	0.01x	0.01x
Interest Coverage	-	-	-	-14.51x	-	-	-	-	-	-
FCF Conversion	1.87x	0.16x	-0.21x	-0.02x	-3.80x	1.23x	1.18x	-0.52x	-0.64x	-1.43x
Revenue Growth	22.77%	-9.74%	8%	-18.62%	7.42%	106.64%	35.65%	2.62%	10.46%	-2.3%

Revenue by Segment

	2019	2020	2021	2023	2024	2025
Advertising	-	-	-	18.27M	21.04M	20.34M
Advertising Growth	-	-	-	-	15.15%	-3.35%
Subscription and Circulation	-	-	-	3.49M	4.35M	5.09M
Subscription and Circulation Growth	-	-	-	-	24.68%	17.11%
AdvertisingRevenueMember	-	7.41M	15.74M	-	-	-
AdvertisingRevenueMember Growth	-	-	112.43%	-	-	-
ServiceRevenueMember	-	-	3.31M	-	-	-
ServiceRevenueMember Growth	-	-	-	-	-	-
ZedgePremiumAndShortzRevenuesMember	-	461K	517K	-	-	-
ZedgePremiumAndShortzRevenuesMember Growth	-	-	12.15%	-	-	-
SubscriptionAndZedgePremiumRevenueMember	-	1.6M	-	-	-	-
SubscriptionAndZedgePremiumRevenueMember Growth	-	-	-	-	-	-
Advertising Revenue	7.94M	-	-	-	-	-
Advertising Revenue Growth	-	-	-	-	-	-
Service Revenue	592K	-	-	-	-	-
Service Revenue Growth	-	-	-	-	-	-
Other Revenue	284K	-	-	-	-	-
Other Revenue Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Zedge, Inc. (ZDGE) reported $29.8M in revenue for fiscal year 2025. This represents a 357% increase from $6.5M in 2014.

Zedge, Inc. (ZDGE) saw revenue decline by 2.3% over the past year.

Zedge, Inc. (ZDGE) reported a net loss of $1.3M for fiscal year 2025.

Dividend & Returns

Zedge, Inc. (ZDGE) has a return on equity (ROE) of -8.4%. Negative ROE indicates the company is unprofitable.

Zedge, Inc. (ZDGE) generated $3.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.