The company maintains a fortress-like capital structure with a debt-to-equity ratio of 0.01 and a robust current ratio of 3.21 as of 2026Q3, effectively insulating the firm from interest rate risk.
| Total Current Assets | 24.4M | 22.44M | 24M | 21.58M | 19.89M | 27.61M | 6.75M | 3.23M | 5.8M | 7.03M | 7.96M | 4.08M | 2.22M |
| Cash & Short-Term Investments | 19.69M | 18.61M | 20M | 18.13M | 17.09M | 24.91M | 5.11M | 1.61M | 3.41M | 4.58M | 5.98M | 2.17M | 765K |
| Cash Only | 19.69M | 18.61M | 20M | 18.13M | 17.09M | 24.91M | 5.11M | 1.61M | 3.41M | 4.58M | 5.98M | 2.17M | 765K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.91M | 3.16M | 3.41M | 2.88M | 2.81M | 2.54M | 1.41M | 1.17M | 1.99M | 1.71M | 1.67M | 1.62M | 1.29M |
| Days Sales Outstanding | 41.25 | 39.28 | 41.31 | 38.63 | 38.6 | 47.47 | 54.23 | 48.36 | 66.88 | 62.29 | 54.78 | 65.4 | 72 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 799K | 28K | 593K | 569K | -396K | 49K | 113K | 68K | 108K | 427K | 107K | 180K | 127K |
| Total Non-Current Assets | 9.9M | 13.21M | 14.2M | 25.25M | 34.73M | 9.86M | 5.25M | 5.78M | 5.92M | 5.5M | 4.47M | 4.28M | 4.74M |
| Property, Plant & Equipment | 1.22M | 1.35M | 2.52M | 2.55M | 1.86M | 2.22M | 2.9M | 3.4M | 3.34M | 2.68M | 1.84M | 1.72M | 1.45M |
| Fixed Asset Turnover | 24.13x | 21.71x | 11.94x | 10.70x | 14.24x | 8.80x | 3.26x | 2.60x | 3.24x | 3.75x | 6.03x | 5.25x | 4.51x |
| Goodwill | 2.14M | 1.93M | 1.82M | 1.96M | 10.79M | 2.26M | 2.2M | 2.27M | 2.45M | 2.52M | 2.36M | 2.44M | 3.18M |
| Intangible Assets | 1.06M | 4.92M | 5.37M | 18.71M | 21.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 437K | 180K | 141K | 196K | 196K | 4.9M | 154K | 120K | 125K | 129K | 123K | 115K | 107K |
| Total Assets | 34.3M | 35.65M | 38.2M | 46.83M | 54.63M | 37.48M | 12.01M | 9.01M | 11.72M | 12.53M | 12.43M | 8.35M | 6.96M |
| Asset Turnover | 0.90x | 0.82x | 0.79x | 0.58x | 0.49x | 0.52x | 0.79x | 0.98x | 0.92x | 0.80x | 0.89x | 1.08x | 0.94x |
| Asset Growth % | -30.65% | -6.65% | -18.44% | -14.27% | 45.76% | 212.18% | 33.29% | -23.14% | -6.48% | 0.79% | 48.86% | 19.98% | - |
| Total Current Liabilities | 7.59M | 7.76M | 6.25M | 5.76M | 8.66M | 4.18M | 2.84M | 2.05M | 1.72M | 1.91M | 1.84M | 1.81M | 1.36M |
| Accounts Payable | 1.26M | 1.47M | 1.11M | 669K | 1.18M | 585K | 290K | 217K | 280K | 33K | 36K | 116K | 31K |
| Days Payables Outstanding | 176.26 | 179.57 | 94.19 | 44.31 | 119.41 | 86.98 | 38.31 | 28.23 | 40.06 | 5.45 | 6.9 | 24.82 | 7.61 |
| Short-Term Debt | 194K | 144K | 85K | 124K | 142K | 0 | 232K | 141K | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 15.31M | 3.42M | 2.17M | 2.41M | 3.4M | 1.82M | 1.34M | 517K | 11K | 0 | 15K | 4K | 6K |
| Other Current Liabilities | 374K | 835K | 655K | 772K | 2.1M | 510K | 454K | 434K | 480K | 905K | 1.1M | 1.16M | 833K |
| Current Ratio | 3.21x | 2.89x | 3.84x | 3.75x | 2.30x | 6.61x | 2.38x | 1.58x | 3.37x | 3.68x | 4.33x | 2.25x | 1.64x |
| Quick Ratio | 3.21x | 2.89x | 3.84x | 3.75x | 2.30x | 6.61x | 2.38x | 1.58x | 3.37x | 3.68x | 4.33x | 2.25x | 1.64x |
| Cash Conversion Cycle | -135.01 | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.15M | 1.99M | 1.05M | 2.21M | 1.78M | 145K | 282K | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 1.99M | 0 | 0 | 218K | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 53K | 53K | 118K | 223K | 53K | 145K | 64K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 153K | 0 | 0 | 0 | 1.73M | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 100K |
| Total Liabilities | 9.75M | 9.75M | 7.3M | 7.97M | 10.44M | 4.32M | 3.12M | 2.05M | 1.72M | 1.91M | 1.84M | 1.91M | 1.46M |
| Total Debt | 194K | 197K | 203K | 2.33M | 195K | 231K | 514K | 141K | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -19.5M | -18.41M | -19.8M | -15.79M | -16.89M | -24.68M | -4.6M | -1.47M | -3.41M | -4.58M | -5.98M | -2.17M | -765K |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.06x | 0.00x | 0.01x | 0.06x | 0.02x | - | - | - | - | - |
| Debt / EBITDA | 0.06x | 0.53x | 0.08x | 0.74x | 0.02x | 0.03x | 0.44x | - | - | - | - | - | - |
| Net Debt / EBITDA | -5.69x | -49.76x | -7.59x | -5.03x | -1.58x | -2.72x | -3.95x | - | - | - | -2.90x | -0.94x | -1.39x |
| Interest Coverage | - | - | - | - | - | - | - | -16.72x | - | - | - | - | - |
| Total Equity | 24.56M | 25.9M | 30.9M | 38.86M | 44.19M | 33.16M | 8.88M | 6.96M | 10.01M | 10.62M | 10.6M | 6.44M | 5.5M |
| Equity Growth % | -59.75% | -16.17% | -20.5% | -12.05% | 33.28% | 273.16% | 27.66% | -30.47% | -5.76% | 0.25% | 64.43% | 17.12% | - |
| Book Value per Share | 1.85 | 1.89 | 2.19 | 2.76 | 2.97 | 2.36 | 0.80 | 0.69 | 1.02 | 1.12 | 1.14 | 0.72 | 0.62 |
| Total Shareholders' Equity | 24.56M | 25.9M | 30.9M | 38.86M | 44.19M | 33.16M | 8.88M | 6.96M | 10.01M | 10.62M | 10.6M | 6.44M | 5.5M |
| Common Stock | 157K | 156K | 154K | 151K | 144K | 144K | 123K | 104K | 103K | 96K | 93K | 3K | 3K |
| Retained Earnings | -16.08M | -15.51M | -13.11M | -3.94M | 2.16M | -7.55M | -15.8M | -15.24M | -11.9M | -10.34M | -9.72M | -10.71M | -12.29M |
| Treasury Stock | -8.14M | -7.01M | -2.58M | -1.93M | -334K | -102K | -76K | -47K | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.06M | -1.51M | -1.83M | -1.54M | -1.39M | -997K | -1.08M | -985K | -702K | -584K | -817K | -655K | 78K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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According to recent SEC filings, Zedge has maintained a remarkably stable balance sheet over the last ten quarters, with total assets hovering near $34.3 million as of 2026Q3, signaling that the firm is successfully insulating its core financial position from the volatility of its ongoing operational transformation.
The consistency in total asset levels suggests that management is exercising disciplined capital allocation while navigating the transition from a legacy utility app to a social-gaming platform. Investors should monitor whether this stability persists as the company continues to absorb the costs associated with its recent acquisitions.
Based on reported financial statements, Zedge maintains a strong liquidity profile with a current ratio of 3.21 as of 2026Q3, providing a substantial buffer against the inherent unpredictability of ad-supported revenue streams and the potential for sudden shifts in mobile platform privacy regulations.
The company's ability to sustain a current ratio consistently above 3.0 indicates a conservative approach to working capital management that prioritizes safety over aggressive leverage. This liquidity cushion appears sufficient to fund ongoing R&D and marketing initiatives without necessitating external financing in the near term.
As indicated by the latest quarterly data, Zedge operates with a debt-to-equity ratio of just 0.01, reflecting a near-debt-free capital structure that effectively eliminates interest rate risk and provides management with significant strategic optionality during periods of industry-wide consolidation or market downturns.
The minimal reliance on debt suggests that the firm's growth initiatives are funded entirely through internal cash generation rather than leverage. This lack of debt obligations is a key differentiator that may protect the company's valuation from the interest-rate sensitivity often seen in more leveraged technology peers.
Based on the provided balance sheet figures, Zedge carries a significant accumulated deficit, with retained earnings reaching -$16.1 million in 2026Q3, which highlights the historical challenges the firm has faced in achieving consistent profitability while scaling its diversified digital content and gaming ecosystem.
The persistent negative retained earnings balance warrants further investigation into the long-term viability of the company's current cost structure. While the equity base remains positive, the ongoing erosion of retained earnings suggests that the firm's pivot to social-gaming has yet to reach the necessary scale to generate sustainable shareholder value.
As reported in recent financial disclosures, Zedge's deferred revenue has grown from $2.5 million in 2024Q2 to $6.2 million in 2026Q3, suggesting that the company is successfully building a recurring revenue base that may eventually reduce its heavy reliance on volatile programmatic advertising.
This upward trend in deferred revenue is a critical indicator of the health of the Zedge+ subscription model and provides a degree of forward visibility that is often absent in pure ad-tech firms. Investors should monitor this metric closely as it may serve as a leading indicator for future top-line stability.
Quick answers to the most common questions about buying ZDGE stock.
As of 2025, Zedge, Inc. (ZDGE) had total assets of $35.7M including $22.4M in current assets.
Zedge, Inc. (ZDGE) carries total debt of $0.2M, offset by $18.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Zedge, Inc. (ZDGE) has total shareholders' equity (book value) of $25.9M ($1.89 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Zedge, Inc. (ZDGE) reported a current ratio of 2.89x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.