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Zedge, Inc. (ZDGE) stock

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NYSE: ZDGE NYSE Application Software Next results ~December 10, 2026

B Fundamentals grade

Zedge, Inc. is a US-listed company in the application software industry. Its financial year ends in July.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$7.2

Cash-flow model

Base case. Range ~$5.8–$9.0 across our lower- and higher-growth cases (1.3%–11.3% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 224% above it.

Price used: $2.22, November 2, 2026

Zedge, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling2 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds19 adding, 18 cuttingOf 7 active managers that changed their stake, 3 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Zedge files

Where Zedge stands after its latest 10-K

Revenue for the twelve months to July 2026 was $32m, up 7.6% on a year earlier, faster than the 6.1% growth a quarter earlier. Free-cash-flow margin rose to 14.3% from 11.4% a year earlier. Operating margin widened to -2.0% from -11.0%. The diluted share count is down 5.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $7.32 a share, against a share price of $2.55.

Source: 10-K filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 10, 2026 (estimated)

Zedge, Inc.'s trailing-twelve-month revenue grew 7.6% year on year, with a free-cash-flow margin of 14.3%. Where it stands out: change in share count of -5.4% ranks 10 of 163 application software companies we cover.

Our discounted-cash-flow model values the business at ~$7.2 per share in the base case (~$5.8–$9.0 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 35.6% while net income grew 94.5%: a 59pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $2.22 is 224% below our value per share of $7.
  • Margins widening. Operating margin is up 8.9 points on a year ago.
  • Shrinking share count. Diluted shares fell 5.4% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -2.0%: costs exceed revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 70% and a beta of 0.8 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 50.0% over 90 days.

Latest results: FY2026 Q4

Filed October 28, 2026
Earnings per share
$0.04 against an average estimate of $0.04: beat by 0.0%
Revenue
$8m, up 4.0% on a year earlier
Share reaction
-5.5% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Next report
December 10, 2026; average EPS estimate $0.02

Zedge's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.1%
  • 1 week-19.6%
  • 1 month-26.0%
  • This year-31.0%
  • 1 year-10.2%
  • 5 years-81.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$31.6M
Operating margin
-2.0%
Net margin
-0.4%
EPS (TTM, diluted)
$-0.01

Growth

Revenue growth
+7.6%
Change in growth rate
+1.4 pts
Share count change
−5.4%

Cash

Free cash flow (TTM)
$4.5M
FCF margin
14.3%
Stock pay % of revenue
1.7%

Earnings

Last results
October 26, 2026
Next results (est.)
January 25, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Announcement
  4. Leadership
  5. Leadership
  6. Agreement
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Zedge, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking more than 30% a year in our model.

  • Last 12 months7.6%
  • 3 years a year5.1%
  • 5 years a year10.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($2.30, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$7.2
Price used
$2.30close November 3, 2026
Implied change
▲ +213%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Zedge, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($3.3M, FY2026 Q4 TTM), growing 4% and 6.3% in the next two years (forecasts, guidance and its record), then back to 6.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$5.8–~$9.0 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Zedge, Inc.'s free cash flow after stock-based pay ( $3.3M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Zedge, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$7.2 ~$5.8–$9.0 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$7.2 ~$5.8–$9.0 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Zedge, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −21%
  • Revenue growth 5 points higher ▲ +27%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▲ +21%
  • Discount rate 1 point higher ▼ −12%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$7$9$11$14$18
8.5% $5$6$7$9$11$14
10% $4$5$6$7$9$11

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$4.06$2.02$2.90$1.57$1.36$15.00$2.70$2.05$3.54$3.93$2.95
Market value$38m$19m$28m$16m$15m$211m$40m$29m$50m$54m$38m
+ Net debt (− = net cash)−$6m−$5m−$3m−$2m−$5m−$25m−$17m−$16m−$20m−$19m−$20m
Enterprise value$32m$15m$25m$14m$10m$186m$23m$13m$30m$35m$18m
Multiples
Price / sales 3.4x1.9x2.6x1.8x1.6x10.8x1.5x1.1x1.7x1.8x1.2x
Price / earnings 38.4x————25.5x4.1x————
Price / free cash flow ——————3.5x9.3x8.6x16.2x8.5x
EV / EBITDA 17.8x———8.6x20.5x1.8x———n/m

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Zedge's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -5.8% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 85.4%, moving by 1.8 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -8.9%; its worst year was -39.2%.

  • Discipline 7 / 20

    The diluted share count rose 16.8% over five years; stock-based pay has been a median 5.2% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (46 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 10, 2026, after the close. Analysts expect revenue of $8m and EPS of $0.02 (range $0.02 to $0.02) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.12 −50% $32m +1%
Next $0.14 +17% $34m +6%

Next year's EPS estimate has moved −50.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −55.6% on 90 days ago. In the last 30 days, 0 analysts raised Zedge, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Zedge, Inc., last 90 days
$0.10 $0.15 $0.20 $0.25 $0.30 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.27 Current fiscal year, 60 days ago: $0.27 Current fiscal year, 30 days ago: $0.27 Current fiscal year, 7 days ago: $0.27 Current fiscal year, Now: $0.12 $0.12 Next fiscal year, 90 days ago: $0.28 Next fiscal year, 60 days ago: $0.28 Next fiscal year, 30 days ago: $0.28 Next fiscal year, 7 days ago: $0.28 Next fiscal year, Now: $0.14 $0.14

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.27$0.28
60 days ago $0.27$0.28
30 days ago $0.27$0.28
7 days ago $0.27$0.28
Now $0.12$0.14

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.04 $0.04 0.0%
Apr 2026 $0.05 $0.07 +40.0%
Jan 2026 $0.07 $0.06 −14.3%
Oct 2025 $0.02 $0.07 +250.0%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Zedge, Inc.'s revenue by +4.0% next year and +6.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.1%, weight 45%) and the company's own record (+6.3%, weight 55%) . How the weights are set.

Analyst recommendations

1 analysts, Oct 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202611

Counts of recommendations published by analysts covering Zedge, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.4%
of tradable shares
Days to cover
1.09
at average volume
Short interest, 1 month
−13%
to October 15, 2026
Held by institutions
16%
of shares
Held by insiders
30.0%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −10.2%

$2.47 on October 31, 2025 to $2.22

ThenNowEffect
Revenue (last 12 months) $29m $32m +7.6%
P/S multiple 1.2x 0.9x −21.1%
Share count 14m 13m +5.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +17.2%

$1.90 on November 3, 2023 to $2.22

ThenNowEffect
Revenue (last 12 months) $27m $32m +16.1%
P/S multiple 1.0x 0.9x −7.0%
Share count 14m 13m +8.5%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ZDGE+41%−79%+34%+15%+23%−31%
Industry peers (median)−8%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ZDGE50%25%50%58%42%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ZDGE−56%−82%−49%−59%−52%−46%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since June 3, 2016: 91% from June 17, 2021 to December 28, 2022. Getting back needed a 1063% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.22 – $4.13
From 52-week high
−46.3%
vs 50-day average
−23.2%
vs 200-day average
−26.5%
Volatility (1 year)
70%
Beta vs S&P 500
0.75

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±14.2%
After a week
4 up, 8 down
typical move ±17.6%
After a month
4 up, 7 down
typical move ±23.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 −5.5% +1.3% −18.1% —
June 11, 2026 +33.3% +2.2% −4.2% −2.2%
March 12, 2026 −13.6% −2.1% −7.1% −2.6%
December 12, 2025 +18.5% −1.2% +35.0% +58.4%
October 28, 2025 −30.3% +0.3% −32.5% −37.5%
June 12, 2025 +3.3% −0.7% +48.3% +58.7%
March 12, 2025 −7.1% −0.8% −0.4% −18.6%
December 16, 2024 −17.6% 0.0% +15.4% −1.5%
October 29, 2024 −2.3% −0.1% −8.2% −11.4%
June 10, 2024 +11.9% +0.6% −11.6% +20.8%
March 15, 2024 −14.5% −0.1% −18.8% −31.9%
December 13, 2023 +13.0% +1.7% +11.0% +13.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Zedge, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Zedge, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Zedge, Inc.
$26M $28M $30M $32M FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $27.4M Revenue (TTM), FY24 Q2: $28.2M Revenue (TTM), FY24 Q3: $29.1M Revenue (TTM), FY24 Q4: $30.1M Revenue (TTM), FY25 Q1: $30.2M Revenue (TTM), FY25 Q2: $29.4M Revenue (TTM), FY25 Q3: $29.5M Revenue (TTM), FY25 Q4: $29.4M Revenue (TTM), FY26 Q1: $29.8M Revenue (TTM), FY26 Q2: $31.1M Revenue (TTM), FY26 Q3: $31.3M Revenue (TTM), FY26 Q4: $31.6M $31.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $27.4M
FY24 Q2 $28.2M
FY24 Q3 $29.1M
FY24 Q4 $30.1M
FY25 Q1 $30.2M
FY25 Q2 $29.4M
FY25 Q3 $29.5M
FY25 Q4 $29.4M
FY26 Q1 $29.8M
FY26 Q2 $31.1M
FY26 Q3 $31.3M
FY26 Q4 $31.6M
Revenue growth, TTM YoY Zedge, Inc.
-5% 0% 5% 10% 15% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 0.0% Revenue growth, TTM YoY, FY24 Q2: 2.6% Revenue growth, TTM YoY, FY24 Q3: 4.1% Revenue growth, TTM YoY, FY24 Q4: 10.5% Revenue growth, TTM YoY, FY25 Q1: 10.1% Revenue growth, TTM YoY, FY25 Q2: 4.3% Revenue growth, TTM YoY, FY25 Q3: 1.3% Revenue growth, TTM YoY, FY25 Q4: -2.3% Revenue growth, TTM YoY, FY26 Q1: -1.3% Revenue growth, TTM YoY, FY26 Q2: 5.7% Revenue growth, TTM YoY, FY26 Q3: 6.1% Revenue growth, TTM YoY, FY26 Q4: 7.6% 7.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 0.0%
FY24 Q2 2.6%
FY24 Q3 4.1%
FY24 Q4 10.5%
FY25 Q1 10.1%
FY25 Q2 4.3%
FY25 Q3 1.3%
FY25 Q4 -2.3%
FY26 Q1 -1.3%
FY26 Q2 5.7%
FY26 Q3 6.1%
FY26 Q4 7.6%
Operating margin (TTM) Zedge, Inc.
-80% -60% -40% -20% 0% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: -23.3% Operating margin (TTM), FY24 Q2: -70.1% Operating margin (TTM), FY24 Q3: -39.5% Operating margin (TTM), FY24 Q4: -39.2% Operating margin (TTM), FY25 Q1: -41.7% Operating margin (TTM), FY25 Q2: -9.8% Operating margin (TTM), FY25 Q3: -8.7% Operating margin (TTM), FY25 Q4: -11.0% Operating margin (TTM), FY26 Q1: -6.2% Operating margin (TTM), FY26 Q2: -8.1% Operating margin (TTM), FY26 Q3: -5.2% Operating margin (TTM), FY26 Q4: -2.0% -2.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 -23.3%
FY24 Q2 -70.1%
FY24 Q3 -39.5%
FY24 Q4 -39.2%
FY25 Q1 -41.7%
FY25 Q2 -9.8%
FY25 Q3 -8.7%
FY25 Q4 -11.0%
FY26 Q1 -6.2%
FY26 Q2 -8.1%
FY26 Q3 -5.2%
FY26 Q4 -2.0%
FCF margin (TTM) Zedge, Inc.
10% 15% 20% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 12.0% FCF margin (TTM), FY24 Q2: 17.1% FCF margin (TTM), FY24 Q3: 19.0% FCF margin (TTM), FY24 Q4: 19.3% FCF margin (TTM), FY25 Q1: 19.0% FCF margin (TTM), FY25 Q2: 16.5% FCF margin (TTM), FY25 Q3: 11.5% FCF margin (TTM), FY25 Q4: 11.4% FCF margin (TTM), FY26 Q1: 10.0% FCF margin (TTM), FY26 Q2: 10.1% FCF margin (TTM), FY26 Q3: 11.2% FCF margin (TTM), FY26 Q4: 14.3% 14.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 12.0%
FY24 Q2 17.1%
FY24 Q3 19.0%
FY24 Q4 19.3%
FY25 Q1 19.0%
FY25 Q2 16.5%
FY25 Q3 11.5%
FY25 Q4 11.4%
FY26 Q1 10.0%
FY26 Q2 10.1%
FY26 Q3 11.2%
FY26 Q4 14.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Jul 2015 2016 Jul 2016 2017 Jul 2017 2018 Jul 2018 2019 Jul 2019 2020 Jul 2020 2021 Jul 2021 2022 Jul 2022 2023 Jul 2023 2024 Jul 2024 2025 Jul 2025 2026 Jul 2026
Income
Revenue 9 11 10 11 9 9 20 27 27 30 29 32
Gross profit 8 10 8 9 7 — — — — 2 29 32
EBITDA 2 2 −0 −0 −1 1 9 13 −6 −11 −3 0
Operating income 2 1 −1 −1 −3 −0 8 12 −7 −12 −3 −1
Net income 2 1 −1 −2 −3 −1 8 10 −6 −9 −2 −0
Diluted EPS $0.18 $0.11 −$0.06 −$0.16 −$0.33 −$0.05 $0.59 $0.65 −$0.43 −$0.65 −$0.17 −$0.01
Growth (year on year)
Revenue — +22.8% −9.7% +8.0% −18.6% +7.4% +106.6% +35.6% +2.6% +10.5% −2.3% +7.6%
EBITDA — −20.9% −102.2% — — — +678.0% +41.2% −146.5% — — —
Operating income — −27.7% −158.2% — — — — +51.7% −158.4% — — —
Net income — −38.1% −162.2% — — — — +17.8% −162.8% — — —
Diluted EPS — −38.9% −154.5% — — — — +10.2% −166.2% — — —
Margins
Gross margin 88.0% 88.3% 84.4% 86.0% 84.4% — — — — 6.9% 99.5% 99.9%
EBITDA margin 24.8% 16.0% −0.4% −2.5% −16.6% 12.3% 46.3% 48.2% −21.9% −35.6% −8.6% 0.2%
Operating margin 17.9% 10.6% −6.8% −12.0% −32.7% −4.3% 39.9% 44.6% −25.4% −39.2% −11.0% −2.0%
Net margin 17.5% 8.8% −6.1% −14.4% −37.9% −5.9% 42.1% 36.6% −22.4% −30.5% −8.1% −0.4%
Free-cash-flow margin — — — — — — — 43.1% 11.4% 19.3% 11.4% 14.3%
Cash flow
Cash from operations 2 2 −0 0 0 2 10 11 3 6 3 5
Capital spending — — — — — — — 0 0 0 0 0
Free cash flow — — — — — — — 11 3 6 3 5
Stock-based pay 0 0 0 1 1 0 1 2 3 2 1 1
Free cash flow after stock pay — — — — — — — 10 1 4 2 4
Balance sheet
Cash 2 6 5 3 2 5 25 17 18 20 19 20
Total debt 0 0 0 0 0 0 0 0 2 — 0 0
Net debt (negative = net cash) −2 −6 −5 −3 −2 −5 −25 −17 −16 −20 −19 −20
Diluted shares 9m 9m 9m 10m 10m 11m 14m 15m 14m 14m 14m 13m
Returned to shareholders
Dividends — — — — — — — — — — — 1
Buybacks — — — — 0 0 0 0 2 1 4 2
Total returned — — — — 0 0 0 0 2 1 4 3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · July 31, 2026
What it owns · $34m
Short-term assets $24mLonger-term assets $10m
What it owes, and who funded it · $34m
Short-term liabilities $8mLonger-term liabilities $2mShareholders' equity $24m
  • Short-term assets cover short-term liabilities $24m of assets due within a year against $8m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $24m short-term assets against $2m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Zedge, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$1.9M
Returned to shareholders
42%
of free cash flow
Buybacks, last 3 fiscal years
$7M
Diluted share count
−5.4%
year over year
Total shareholder yield
6.9%
dividends 0.0% + buybacks 6.9% of market value
Sales & admin spending
81.0%
of revenue
Days sales outstanding
39 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated ZDGE TAOP CRGO DTSS IDN AEYE Median
Revenue, last 12 months $32m $31m $29m $41m $24m $43m $482m
Revenue growth, last 12 months 7.6% −16.0% 23.9% −43.2% 16.7% 8.1% 12.0%
Revenue growth, 3-year average 5.1% −17.8% — — 11.2% 11.1% 11.1%
Revenue growth, latest quarter 4.0% — — — 16.0% 7.2% 11.9%
Gross margin 85.4% 10.9% 66.8% 10.2% 91.1% 79.8% 69.2%
Operating margin −2.0% −30.0% −65.0% −5.7% 11.8% −4.8% 1.1%
Operating margin, 3-year average −17.4% −28.2% — — 0.8% −6.1% −0.8%
Net margin −0.4% −32.7% −59.5% −5.4% 13.0% −7.1% 2.1%
Cash from operations / revenue 14.4% −8.3% −30.1% 4.9% 12.0% 15.4% 18.2%
Free-cash-flow margin 14.3% −12.7% −30.6% 4.9% 11.7% 15.2% 15.0%
Free-cash-flow margin, 3-year average 15.0% −50.0% — — 5.9% 10.3% 16.2%
Stock pay / revenue 1.7% 4.4% 14.6% 4.5% 3.7% 11.7% 9.3%
Change in share count −5.4% 433.7% 4.1% 45.9% 6.0% 18.7% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 7.6% 12.0% 119 of 184
Change in growth rate Growth +1.4pp +0.2pp 66 of 184
Operating margin Profitability -2.0% 1.1% 105 of 181
Net margin Profitability -0.4% 2.1% 101 of 185
Free-cash-flow margin Cash generation 14.3% 15.2% 94 of 180
Stock pay as % of revenue Cash generation 1.7% 9.3% 11 of 177
Change in share count Balance sheet -5.4% 1.7% 10 of 163
Days sales outstanding Balance sheet 39 days 57 days 46 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to July 31, 2026
Segments
Line of business Revenue Share YoY
Zedge Marketplace $29.7M 93.8% ▲ 9.0%
Guru Shots $2M 6.2% ▼ 10.3%
Products and services
Line of business Revenue Share YoY
Zedge Marketplace $29.7M 93.8% ▲ 9.0%
Advertising $21.2M 71.4% ▲ 4.1%
Subscriptions $6.6M 22.2% ▲ 29.6%
Other Revenues $1.9M 6.4% ▲ 6.5%
Digital Goods and Services $2M 6.2% ▼ 10.3%

From Zedge, Inc.'s 10-K filed October 28, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.9M
Institutions reporting
43
Shares held vs prior quarter
▲ 15.5%
Positions opened / closed
9 / 6

Top buyers and sellers, Q2 2026: 19 institutions bought and 18 sold ; the biggest buyer was Cambridge Investment Research Advisors, Inc (+189K shares) and the biggest seller Bailard, Inc (−45K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Renaissance Technologies LLC $1.6M 532K 20.8% ▲ 3.4%
Vanguard Capital Management LLC $1.6M 519K 20.3% ▼ 6.7%
Cambridge Investment Research Advisors, Inc. $808,000 261K 10.2% ▲ 261.3%
Citadel Advisors LLC $421,873 136K 5.3% New
Geode Capital Management, LLC $361,620 117K 4.6% ▼ 22.8%
Dimensional Fund Advisors LP $314,749 102K 4.0% 0.0%
Kahn Brothers Group Inc $242,190 78K 3.1% ▲ 0.3%
Vanguard Fiduciary Trust Co $225,023 73K 2.8% ▲ 20.7%
Gsa Capital Partners LLP $211,000 68K 2.7% ▲ 39.5%
Bank Of New York Mellon Corp $196,041 63K 2.5% 0.0%
Jane Street Group, LLC $175,770 57K 2.2% New
Hillsdale Investment Management Inc. $157,024 51K 2.0% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Zedge, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 2 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying
Insider Date Trade Shares Price Value
Jonas Howard S Director September 25, 2026 Buy 2,218,430 — $0
Gibber Elliot Director September 11, 2026 Buy 221,843 — $0

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • June 11, 2026
  • March 12, 2026
  • December 12, 2025
  • October 28, 2025
  • June 12, 2025

Recent SEC filings

Data status

When each part of this page on Zedge, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Zedge, Inc. in brief

What does Zedge, Inc. do?
Zedge, Inc. is a US-listed company in the application software industry. Its financial year ends in July.
What is Zedge, Inc.'s stock ticker?
Zedge, Inc. trades under the ticker ZDGE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Zedge, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Zedge, Inc. reported revenue of $31.6M, 7.6% higher than a year earlier, according to its SEC filings.
What is Zedge, Inc.'s free cash flow?
Zedge, Inc.'s free-cash-flow margin is 14.3% of revenue over the trailing twelve months, ranking 94 of the 180 application software companies we cover.
What is Zedge, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Zedge, Inc.'s free cash flow after stock-based pay gives ~$7.2 per share in the base case, and ~$5.8–$9.0 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Zedge, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Renaissance Technologies LLC, Vanguard Capital Management LLC and Cambridge Investment Research Advisors, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Zedge, Inc. buying back stock, and does it pay a dividend?
Zedge, Inc. spent $1.9M on share repurchases over the trailing twelve months, and its diluted share count fell 5.4% over the year.
What is Zedge, Inc.'s market cap?
On July 31, 2026, Zedge, Inc.'s market capitalisation was about $38.3M and net debt of -$20.3M. Market figures come from third-party market data and may be delayed.
Who are Zedge, Inc.'s competitors?
In our Application Software peer group, the companies closest to Zedge, Inc. are Taoping Inc., Freightos Ltd, Datasea Intelligent Technology Ltd., Intellicheck, Inc. and Audioeye Inc. The side-by-side comparison below sets their revenue, margins and growth against Zedge, Inc.'s.
Are insiders buying or selling Zedge, Inc. stock?
Over the last 12 months, Zedge, Inc.'s directors and officers reported 2 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Zedge, Inc.'s next earnings date?
Around December 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Zedge, Inc. announces its own schedule.