Zedge, Inc. ZDGE
builds digital marketplaces and friendly competitive games around content that people use to express themselves. Our leading products
include Zedge Ringtones and Wallpapers, which we refer to as our "Zedge App," a freemium digital content marketplace offering
mobile phone wallpapers, video wallpapers, ringtones, and notification sounds as well as pAInt, a generative AI wallpaper and ringtone
maker, GuruShots, a skill-based photo challenge game, and Emojipedia, the #1 trusted source for ‘all things emoji'. Our vision
Last close
2.71
2026-10-23
Market cap
$35.2M
estimated share count
52-week range
2.21 - 4.70
Valuation FY2025 figures against the last close
P/S1.2x
P/E—
P/FCF10.6x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.17
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.4M | $30.1M | $27.2M | $26.5M | $19.6M | $9.5M | $8.8M | $10.8M | $10.0M | $11.1M |
| Cost of revenue | $147.0M | $28.0M | — | — | — | — | $1.4M | $1.5M | $1.6M | $1.3M |
| Gross profit | -$117.6M | $2.1M | — | — | — | — | $7.4M | $9.3M | $8.5M | $9.8M |
| SG&A | $27.2M | $25.6M | $21.9M | $15.1M | $9.3M | $7.1M | $8.9M | $9.6M | $8.5M | $7.8M |
| Total operating expenses | — | — | — | — | — | $538.0K | $512.0K | — | — | — |
| Operating income | -$3.2M | -$11.8M | -$6.9M | $11.8M | $7.8M | -$403.0K | -$2.9M | -$1.3M | -$683.0K | $1.2M |
| Interest expense | $666.0K | $626.0K | $311.0K | $49.0K | $245.0K | $11.0K | $199.0K | $29.0K | $19.0K | $2.0K |
| Pre-tax income | -$2.7M | -$11.4M | -$6.6M | $11.6M | $8.0M | -$544.0K | -$3.3M | -$1.3M | -$627.0K | $1.1M |
| Income tax | $325.0K | $2.2M | $462.0K | $1.9M | $202.0K | $15.0K | $16.0K | $230.0K | $16.0K | $143.0K |
| Net income | -$2.4M | -$9.2M | -$6.1M | $9.7M | $8.2M | -$559.0K | -$3.3M | -$1.6M | -$611.0K | $983.0K |
| EPS, basic | -0.17 | -0.65 | -0.43 | 0.69 | 0.63 | -0.05 | — | — | -0.06 | 0.12 |
| EPS, diluted | -0.17 | -0.65 | -0.43 | 0.65 | 0.59 | -0.05 | -0.33 | -0.16 | -0.06 | 0.11 |
| Shares, diluted (wtd. avg.) | 13.7M | 14.1M | 14.1M | 14.9M | 14.0M | 11.1M | 10.1M | 9.8M | 9.5M | 9.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.6M | $20.0M | $18.1M | $17.1M | $24.9M | $5.1M | $1.6M | $3.4M | $4.6M | $6.0M |
| Receivables | $3.2M | $3.4M | $2.9M | $2.4M | $2.5M | $1.4M | $1.1M | $1.8M | $1.7M | $1.7M |
| Total current assets | $22.4M | $24.0M | $21.6M | $19.9M | $27.6M | $6.8M | $3.2M | $5.8M | $7.0M | $8.0M |
| Property, plant and equipment | $1.3M | $2.3M | $2.2M | $1.7M | $2.0M | $2.6M | $3.4M | $3.3M | $2.7M | $1.8M |
| Goodwill | $1.9M | $1.8M | $2.0M | $10.8M | $2.3M | $2.2M | $2.3M | $2.4M | $2.5M | $2.4M |
| Other intangibles | $4.9M | $5.4M | $18.7M | $21.0M | — | — | — | — | — | — |
| Total assets | $35.7M | $38.2M | $46.8M | $54.6M | $37.5M | $12.0M | $9.0M | $11.7M | $12.5M | $12.4M |
| Accounts payable | — | $3.0M | $2.7M | $1.2M | $585.0K | $290.0K | $217.0K | $280.0K | $33.0K | $36.0K |
| Total current liabilities | $7.8M | $6.2M | $5.8M | $8.7M | $4.2M | $2.8M | $2.0M | $1.7M | $1.9M | $1.8M |
| Long-term debt | — | — | $2.0M | — | — | — | — | — | — | — |
| Total liabilities | $9.8M | $7.3M | $8.0M | $10.4M | $4.3M | $3.1M | $2.0M | $1.7M | $1.9M | $1.8M |
| Retained earnings | -$15.5M | -$13.1M | -$3.9M | $2.2M | -$7.6M | -$15.8M | -$15.2M | -$11.9M | -$10.3M | -$9.7M |
| Total equity | $25.9M | $30.9M | $38.9M | $44.2M | $33.2M | $8.9M | $7.0M | $10.0M | $10.6M | $10.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.4M | $5.8M | $3.2M | $11.5M | $10.1M | $2.1M | $76.0K | $332.0K | -$97.0K | $1.8M |
| Depreciation and amortisation | $700.0K | $1.1M | $958.0K | $958.0K | — | — | — | — | — | — |
| Stock-based compensation | $1.4M | $2.1M | $2.5M | $1.9M | $652.0K | $492.0K | $619.0K | $595.0K | $275.0K | $166.0K |
| Capital expenditure | $83.0K | $47.0K | $54.0K | $45.0K | — | — | — | — | — | — |
| Investing cash flow | -$549.0K | -$1.2M | -$2.4M | -$18.9M | -$5.5M | -$759.0K | -$1.7M | -$1.7M | -$1.5M | -$1.0M |
| Financing cash flow | -$4.4M | -$2.6M | $387.0K | -$223.0K | $15.1M | $2.2M | -$42.0K | $232.0K | $166.0K | $3.0M |
| Buybacks | $4.4M | $646.0K | $1.6M | $232.0K | $26.0K | $29.0K | $47.0K | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-25-103098.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.1M | $10.0M | $10.8M | $8.8M | $9.5M | $19.6M | $26.5M | $27.2M | $30.1M | $29.4M |
| Gross profit | $9.8M | $8.5M | $9.3M | $7.4M | — | — | — | — | $2.1M | -$117.6M |
| Net income | $983.0K | -$611.0K | -$1.6M | -$3.3M | -$559.0K | $8.2M | $9.7M | -$6.1M | -$9.2M | -$2.4M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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