Active subscriptions1 reached a record 1.1 million, up 54% year-over-year; subscription revenue grew 29% year-over-year; ARPMAU1 grew 29% year-over-year

活跃订阅用户达到 110 万，年增长 54%；订阅收入年增长 29%；每月活跃用户平均收入年增长 29%

Revenue returned to growth at 6%, GAAP and Non-GAAP EPS2 of $0.06 and $0.07, respectively

收入增长 6%，GAAP 和非 GAAP 每股收益分别为 0.06 美元和 0.07 美元

Repurchased 240,000 shares and paid first quarterly dividend

回购了 240,000 股，并支付了首个季度股息

Zedge, Inc. (NYSE AMERICAN:ZDGE), $ZDGE, a leader in digital marketplaces and interactive games that provide content, enable creativity, empower self-expression and facilitate community, today announced results for its first quarter fiscal 2026, ended October 31, 2025.

Zedge, Inc.（纽约证券交易所代码：ZDGE），$ZDGE，数字市场和互动游戏的领导者，提供内容、激发创造力、赋予自我表达能力并促进社区，今天宣布了截至2025年10月31日的 2026 财年第一季度的业绩。

Jonathan Reich, Zedge's CEO, commented:

Zedge 首席执行官 Jonathan Reich 评论道：

"Zedge delivered a solid start to fiscal 2026 with a return to topline growth even as we continued to navigate the anticipated headwinds at Emojipedia and GuruShots. The Zedge Marketplace demonstrated resilience and efficiency amid a broader digital ecosystem that continues to shift. Improved ARPMAU stood out as a key achievement of the quarter, driven by sustained CPMs, a core ad pricing metric, optimization and stronger subscription gains. These serve as strong signals that our core engine remains healthy.

“Zedge 在 2026 财年开局良好，尽管我们继续应对 Emojipedia 和 GuruShots 预期的挑战，但收入回归增长。Zedge 市场在更广泛的数字生态系统中展现出韧性和效率。改善的每月活跃用户平均收入是本季度的一个关键成就，得益于持续的每千次展示成本（CPM）、核心广告定价指标、优化和更强的订阅增长。这些都是我们核心引擎保持健康的强烈信号。

"I'm excited by the traction we're experiencing with DataSeeds. While the number of closed deals is still small, the opportunity is huge. AI models' success depends on their ability to secure a critical mass of high-quality training data that meets unique techincal specifications. That's where DataSeeds Production Cloud, our network of creative experts built to fulfill bespoke content requests, is experiencing a surge in demand. In Q1, we received our second order from an existing customer, a leader in the AI space, with an increased dollar size of roughly 25X from the customer's first order. Furthermore, our pipeline is ripe with many six-figure revenue opportunities. It is still early, but our value proposition - mainly access to and experience with a coveted community of creators that can generate rights-cleared, ethically sourced content, at scale, is in great demand. Moreover, it's not only the content that is fueling interest, but also our ability to deliver many other aspects of a customer brief with consistency and accuracy including unique naming and metadata conventions and search capabilities that set us apart. We are proceeding deliberately, for the most part using existing resources to execute.

“我对 DataSeeds 的进展感到兴奋。虽然已完成的交易数量仍然较少，但机会巨大。AI 模型的成功依赖于其获取满足独特技术规格的大量高质量训练数据的能力。这正是 DataSeeds 生产云，我们的创意专家网络，旨在满足定制内容请求，正在经历需求激增的地方。在第一季度，我们收到了来自一家 AI 领域领导者的第二个订单，订单金额比客户的第一个订单增加了大约 25 倍。此外，我们的管道中充满了许多六位数的收入机会。虽然仍然早期，但我们的价值主张——主要是接触和体验一个可以大规模生成权利清晰、道德来源内容的创作者社区，需求旺盛。此外，推动兴趣的并不仅仅是内容，还有我们能够一致且准确地交付客户简报的许多其他方面，包括独特的命名和元数据约定以及搜索能力，这使我们与众不同。我们正在谨慎推进，主要利用现有资源进行执行。

"Turning to our financial results, I want to address free cash flow2 because the offsets this quarter were meaningful, but fully anticipated. Free cash flow reflected the impact of the timing of restructuring-related compensation tax payments, which are now largely behind us, as well as some quarter-specific timing in receivables and payables. We also chose to reinvest part of our restructuring savings into high-potential initiatives, including DataSeeds, Tapedeck and our product innovation initiative. These items temporarily reduced our free cash flow generation, but they do not change our long-term free cash flow expectations.

“谈到我们的财务结果，我想提及自由现金流，因为本季度的抵消因素是显著的，但完全在预期之中。自由现金流反映了与重组相关的补偿税款支付的时机影响，这些影响现在基本上已经过去，以及应收账款和应付账款的一些季度特定时机。我们还选择将部分重组节省再投资于高潜力的项目，包括 DataSeeds、Tapedeck 和我们的产品创新计划。这些项目暂时减少了我们的自由现金流生成，但并不改变我们对长期自由现金流的预期。

"Looking forward, we entered the second quarter of fiscal 2026, which is typically seasonally stronger, with a leaner operating structure, a stronger business engine and a growing portfolio of innovation bets. We are executing from a position of confidence, discipline and momentum, and will invest prudently based on where opportunity knocks."

“展望未来，我们进入了 2026 财年的第二季度，通常是季节性较强的季度，拥有更精简的运营结构、更强大的业务引擎和不断增长的创新投资组合。我们从自信、纪律和势头的立场出发，谨慎投资于机会出现的地方。”

First Quarter Highlights (fiscal 2026 versus fiscal 2025)

第一季度亮点（2026 财年与 2025 财年对比）

Revenue increased 5.8% to $7.6 million;
GAAP operating income of $0.9 million, compared to an operating loss ($0.5) million;
GAAP net income and income per share (EPS) of $0.8 million and $0.06, compared to a net loss of ($0.3) million and ($0.02) per share;
Non-GAAP net income (loss) and EPS of $0.9 million and $0.07, compared to break-even;
Free cash flow2 of $0.6 million; Adjusted EBITDA2 of $1.2 million;
ARPMAU increased 29.2%;
Zedge Premium's GTV1 decreased 3.7% to $0.66 million;
Repurchased approximately 240,000 shares of Class B Common Stock.

收入增长 5.8%，达到 760 万美元；
GAAP 营业收入为 90 万美元，而去年同期为营业亏损（50 万美元）；
GAAP 净收入和每股收益（EPS）为 80 万美元和 0.06 美元，而去年同期净亏损为（30 万美元）和（0.02 美元）；
非 GAAP 净收入（亏损）为 90 万美元和 0.07 美元，而去年同期持平；
自由现金流为 60 万美元；调整后的 EBITDA 为 120 万美元；
每月活跃用户平均收入增长 29.2%；
Zedge Premium 的总交易额下降 3.7%，至 66 万美元；
回购了约 240,000 股 B 类普通股。

First Quarter Select Financial Metrics: FY26 versus FY25*

第一季度精选财务指标：2026 财年与 2025 财年对比*


(in M except for EPS)	Q1 '26			Q1 '25			Change
Total Revenue	$	7.6			$	7.2		5.8	%
Advertising Revenue	$	5.2			$	4.9		6.0	%
Digital Goods and Services Revenue	$	0.5			$	0.6		-27.3	%
Subscription Revenue	$	1.5			$	1.2		28.6	%
Other Revenue	$	0.5			$	0.5		-7.7	%
GAAP Operating Income (Loss)	$	0.9			$	(0.5	)	nm
Operating Margin		12.0	%			-6.4	%
GAAP Net Income (Loss)	$	0.8			$	(0.3	)	nm
GAAP Diluted EPS (Loss per share)	$	0.06			$	(0.02	)	nm
Non-GAAP Net Income	$	0.9			$	(0.0	)	nm
Non- GAAP Diluted EPS	$	0.07			$	0.00		nm
Cash Flow from Operations	$	0.8			$	1.2		-29.5	%
Free Cash Flow	$	0.6			$	1.0		-36.8	%
Adjusted EBITDA	$	1.2			$	0.3		312.5	%
Shares Repurchased		0.24				0.22		8.6	%


(单位：百万，除非另有说明)	2026 财年第一季度			2025 财年第一季度			变化
总收入	$	7.6			$	7.2		5.8	%
广告收入	$	5.2			$	4.9		6.0	%
数字商品和服务收入	$	0.5			$	0.6		-27.3	%
订阅收入	$	1.5			$	1.2		28.6	%
其他收入	$	0.5			$	0.5		-7.7	%
GAAP 营业收入（亏损）	$	0.9			$	(0.5	)	不可测量
营业利润率		12.0	%			-6.4	%
GAAP 净收入（亏损）	$	0.8			$	(0.3	)	不可测量
GAAP 稀释每股收益（亏损）	$	0.06			$	(0.02	)	不可测量
非 GAAP 净收入	$	0.9			$	(0.0	)	不可测量
非 GAAP 稀释每股收益	$	0.07			$	0.00		不可测量
经营现金流	$	0.8			$	1.2		-29.5	%
自由现金流	$	0.6			$	1.0		-36.8	%
调整后的 EBITDA	$	1.2			$	0.3		312.5	%
回购股份		0.24				0.22		8.6	%

nm = not measurable/meaningful

nm = 不可测量/无意义

*numbers/percentages are based off of actuals versus the rounded numbers in the table

* 数字/百分比基于实际数据，而非表中四舍五入的数字

Select Zedge Marketplace Metrics: FY26 versus FY25*

精选 Zedge 市场指标：2026 财年与 2025 财年对比*


(in M except for ARPMAU and where noted)	Q1 '26		Q1 '25			Change
MAU		22.2			25.0		-11.2	%
Well-Developed Markets		4.9			5.5		-10.9	%
Emerging Markets		17.3			19.5		-11.3	%
Active Subscriptions (in 000s)		1,075			698		54.1	%
ARPMAU	$	0.099		$	0.077		29.2	%
Zedge Premium - Gross Transaction Value (GTV)	$	0.66		$	0.68		-3.7	%


(以百万为单位，除非注明为 ARPMAU)	2026 年第一季度		2025 年第一季度			变化
月活跃用户 (MAU)		22.2			25.0		-11.2	%
成熟市场		4.9			5.5		-10.9	%
新兴市场		17.3			19.5		-11.3	%
活跃订阅数 (以千为单位)		1,075			698		54.1	%
ARPMAU	$	0.099		$	0.077		29.2	%
Zedge Premium - 总交易额 (GTV)	$	0.66		$	0.68		-3.7	%

*numbers/percentages are based off of actuals versus the rounded numbers in the table

* 数字/百分比基于实际数据，而非表格中的四舍五入数字

1 We use the following supplemental business metrics in this release because we believe they are useful in evaluating Zedge's operational performance.

1 我们在本次发布中使用以下补充业务指标，因为我们认为它们在评估 Zedge 的运营表现时是有用的。

Monthly active users, or MAU, captures the number of unique users that used our Zedge App during the previous 30 days of the relevant period, is useful for evaluating consumer engagement with our App, which correlates to advertising revenue as more users drive more ad impressions for sale. It also allows readers and potential advertisers to evaluate the size of our user base.
Zedge Premium Gross Transaction Value, or GTV, is the total dollar amount of transactions conducted through Zedge Premium. As Zedge Premium is an internal focus for growth, we believe this metric will help investors evaluate our progress in growing this part of our business.
Average Revenue Per Monthly Active User for our Zedge Marketplace, or ARPMAU, is useful in evaluating how well we monetize our user base.
An Active Subscription is a subscription that has commenced and not been canceled, including paused subscriptions and subscriptions in free trials, grace periods, or account hold. This is important because it is a source of recurring revenue.

月活跃用户（MAU）指在相关期间的前 30 天内使用过我们 Zedge 应用的独立用户数量，这对于评估用户与我们应用的互动程度非常有用，因为更多的用户会带来更多的广告展示，从而推动广告收入。它还使读者和潜在广告商能够评估我们的用户基础规模。
Zedge Premium 总交易额（GTV）是通过 Zedge Premium 进行的交易的总美元金额。由于 Zedge Premium 是我们内部关注的增长重点，我们认为这一指标将帮助投资者评估我们在这一业务部分的增长进展。
我们 Zedge 市场的每月活跃用户平均收入（ARPMAU）有助于评估我们如何有效地变现我们的用户基础。
活跃订阅是指已开始且未被取消的订阅，包括暂停的订阅和处于免费试用、宽限期或账户保留状态的订阅。这一点很重要，因为它是经常性收入的来源。

2 Throughout this release, Non-GAAP Net Income, Non-GAAP EPS, Free Cash Flow (FCF) and Adjusted EBITDA are non-GAAP financial measures intended to provide useful information that supplement Zedge's results in accordance with GAAP. Please refer to the Reconciliation of Non-GAAP Financial measures at the end of this release for an explanation of Zedge's formulations of Non-GAAP Net Income, Non-GAAP EPS, Free Cash Flow and Adjusted EBITDA and reconciliations to the most directly comparable GAAP measures.

2 在本次发布中，非公认会计原则净收入、非公认会计原则每股收益、自由现金流（FCF）和调整后 EBITDA 是非公认会计原则财务指标，旨在提供有用的信息，以补充 Zedge 根据公认会计原则的结果。请参阅本次发布末尾的非公认会计原则财务指标的调节，以了解 Zedge 对非公认会计原则净收入、非公认会计原则每股收益、自由现金流和调整后 EBITDA 的计算方法及其与最直接可比的公认会计原则指标的调节。

Trended Financial Information*

趋势财务信息*


(in M except for EPS, ARPMAU, Active Subscriptions)	Q125			Q225			Q325		Q425	Q126			FY24			FY25		YTD FY26
Total Revenue	$	7.2			$	7.0		$	7.8	$	7.5			$	7.6		$	30.1			$	29.4		$	7.6
Advertising Revenue	$	4.9			$	4.7		$	5.6	$	5.2			$	5.2		$	21.0			$	20.3		$	5.2
Digital Goods and Services Revenue	$	0.6			$	0.6		$	0.5	$	0.5			$	0.5		$	3.5			$	2.2		$	0.5
Subscription Revenue	$	1.2			$	1.2		$	1.3	$	1.4			$	1.5		$	4.3			$	5.1		$	1.5
Other Revenue	$	0.5			$	0.4		$	0.4	$	0.4			$	0.5		$	1.2			$	1.8		$	0.5
GAAP Operating Income (Loss)	$	(0.5	)		$	(2.2	)	$	0.2	$	(0.7	)		$	0.9		$	(11.8	)		$	(3.2	)	$	0.9
GAAP Net Income (Loss)	$	(0.3	)		$	(1.7	)	$	0.2	$	(0.6	)		$	0.8		$	(9.2	)		$	(2.4	)	$	0.8
GAAP Diluted EPS (Loss per share)	$	(0.02	)		$	(0.12	)	$	0.01	$	(0.04	)		$	0.06		$	(0.65	)		$	(0.17	)	$	0.06
Non GAAP Net Income (Loss)	$	(0.0	)		$	(0.2	)	$	0.9	$	0.1			$	0.9		$	1.8			$	0.7		$	0.9
Non-GAAP Diluted EPS (Loss per share)	$	(0.00	)		$	(0.01	)	$	0.06	$	0.00			$	0.07		$	0.13			$	0.05		$	0.07
Cash Flow from Operations	$	1.2			$	0.7		$	0.9	$	0.7			$	0.8		$	5.9			$	3.4		$	0.8
Free Cash Flow	$	1.0			$	0.6		$	0.8	$	0.5			$	0.6		$	4.7			$	2.9		$	0.6
Adjusted EBITDA	$	0.3			$	(0.1	)	$	1.2	$	0.3			$	1.2		$	4.7			$	1.8		$	1.2
MAU		25.0				24.7			22.1		23.2				22.2		nm			nm			nm
Well-developed Markets		5.5				5.6			5.2		5.4				4.9		nm			nm			nm
Emerging Markets		19.5				19.1			16.9		17.8				17.3		nm			nm			nm
Active Subscriptions (in 000s)		698				791			896		984				1,075		nm			nm			nm
ARPMAU	$	0.077			$	0.078		$	0.099	$	0.093			$	0.099		nm			nm			nm
Zedge Premium - GTV	$	0.68			$	0.68		$	0.61	$	0.64			$	0.66		$	2.15			$	2.62		$	0.66
Shares Repurchased		0.22				0.24			0.22		0.64				0.24			0.21				1.32			0.24


(以百万为单位，EPS、ARPMAU、活跃订阅除外)	Q125			Q225			Q325		Q425	Q126			FY24			FY25		YTD FY26
总收入	$	7.2			$	7.0		$	7.8	$	7.5			$	7.6		$	30.1			$	29.4		$	7.6
广告收入	$	4.9			$	4.7		$	5.6	$	5.2			$	5.2		$	21.0			$	20.3		$	5.2
数字商品和服务收入	$	0.6			$	0.6		$	0.5	$	0.5			$	0.5		$	3.5			$	2.2		$	0.5
订阅收入	$	1.2			$	1.2		$	1.3	$	1.4			$	1.5		$	4.3			$	5.1		$	1.5
其他收入	$	0.5			$	0.4		$	0.4	$	0.4			$	0.5		$	1.2			$	1.8		$	0.5
GAAP 营业收入（亏损）	$	(0.5	)		$	(2.2	)	$	0.2	$	(0.7	)		$	0.9		$	(11.8	)		$	(3.2	)	$	0.9
GAAP 净收入（亏损）	$	(0.3	)		$	(1.7	)	$	0.2	$	(0.6	)		$	0.8		$	(9.2	)		$	(2.4	)	$	0.8
GAAP 稀释每股收益（每股亏损）	$	(0.02	)		$	(0.12	)	$	0.01	$	(0.04	)		$	0.06		$	(0.65	)		$	(0.17	)	$	0.06
非 GAAP 净收入（亏损）	$	(0.0	)		$	(0.2	)	$	0.9	$	0.1			$	0.9		$	1.8			$	0.7		$	0.9
非 GAAP 稀释每股收益（每股亏损）	$	(0.00	)		$	(0.01	)	$	0.06	$	0.00			$	0.07		$	0.13			$	0.05		$	0.07
经营现金流	$	1.2			$	0.7		$	0.9	$	0.7			$	0.8		$	5.9			$	3.4		$	0.8
自由现金流	$	1.0			$	0.6		$	0.8	$	0.5			$	0.6		$	4.7			$	2.9		$	0.6
调整后 EBITDA	$	0.3			$	(0.1	)	$	1.2	$	0.3			$	1.2		$	4.7			$	1.8		$	1.2
MAU		25.0				24.7			22.1		23.2				22.2		nm			nm			nm
成熟市场		5.5				5.6			5.2		5.4				4.9		nm			nm			nm
新兴市场		19.5				19.1			16.9		17.8				17.3		nm			nm			nm
活跃订阅（以千为单位）		698				791			896		984				1,075		nm			nm			nm
ARPMAU	$	0.077			$	0.078		$	0.099	$	0.093			$	0.099		nm			nm			nm
Zedge Premium - GTV	$	0.68			$	0.68		$	0.61	$	0.64			$	0.66		$	2.15			$	2.62		$	0.66
回购股份		0.22				0.24			0.22		0.64				0.24			0.21				1.32			0.24

nm = not measurable/meaningful

nm = 不可测量/无意义

*numbers may not add due to rounding

* 数字可能因四舍五入而不相加

Earnings Announcement and Supplemental Information

财报公告及补充信息

Management will host an earnings conference call today at 11:00 am Eastern to discuss its earnings results, outlook, and strategy, followed by a Q&A session with investors.

管理层将在今天东部时间上午 11:00 召开财报电话会议，讨论其财报结果、前景和战略，随后将进行与投资者的问答环节。

Live Call-in Info:

电话会议信息：

Toll Free: 888-506-0062

免费电话：888-506-0062

International: 973-528-0011

国际电话：973-528-0011

Participant Access Code: 866858

参与者访问代码：866858

Webcast URL: https://www.webcaster5.com/Webcast/Page/2205/53246

网络直播网址：https://www.webcaster5.com/Webcast/Page/2205/53246

Replay:

重播：

Toll Free: 877-481-4010

免费电话：877-481-4010

International: 919-882-2331

国际电话：919-882-2331

Replay Passcode: 53246

重播密码：53246

About Zedge

关于 Zedge

Zedge empowers tens of millions of consumers and creators each month with its suite of interconnected platforms that enable creativity, self-expression and e-commerce and foster community through fun competitions. Zedge's ecosystem of product offerings includes the Zedge Marketplace, a freemium marketplace offering mobile phone wallpapers, video wallpapers, ringtones, notification sounds, and pAInt, a generative AI image and audio maker; GuruShots, "The World's Greatest Photography Game," a skill-based photo challenge game; and Emojipedia, the #1 trusted source for 'all things emoji.'

Zedge 每月为数千万消费者和创作者提供一系列互联平台，促进创造力、自我表达和电子商务，并通过有趣的竞赛培养社区。Zedge 的产品生态系统包括 Zedge 市场，一个提供手机壁纸、视频壁纸、铃声、通知音效的免费市场，以及 pAInt，一个生成式 AI 图像和音频创作工具；GuruShots，"世界上最伟大的摄影游戏"，一个基于技能的摄影挑战游戏；以及 Emojipedia，#1 值得信赖的 “所有表情符号相关信息” 的来源。

For more information, please visit: investor.zedge.net

欲了解更多信息，请访问：investor.zedge.net

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Forward-Looking Statements

前瞻性声明

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.

上述所有不纯粹关于历史事实的陈述，包括但不限于我们使用 “相信”、“预期”、“期望”、“计划”、“打算”、“估计”、“目标” 等类似表达的内容，均为 1995 年《私人证券诉讼改革法案》意义上的前瞻性陈述。虽然这些前瞻性陈述代表了我们对未来可能发生情况的当前判断，但由于众多重要因素，实际结果可能与这些陈述所表达或暗示的结果存在重大差异。我们向 SEC 提交的文件提供了关于此类陈述和风险的详细信息，应与本公告一并查阅。在适用法律允许的范围内，我们不承担更新任何前瞻性陈述的义务。

Contact:

联系方式：

Brian Siegel, IRC, MBA

Senior Managing Director

高级董事总经理

Hayden IR

(346) 396-8696

brian@haydenir.com

ir@zedge.net

CONDENSED CONSOLIDATED BALANCE SHEETS

简明合并资产负债表

(in thousands, except par value data)

（以千为单位，除面值数据外）


	October 31,			July 31,
	2025			2025
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	18,496			$	18,609
Trade accounts receivable		3,322				3,164
Prepaid expenses and other current assets		638				671
Total Current assets		22,456				22,444
Property and equipment, net		1,377				1,290
Intangible assets, net		4,810				4,922
Goodwill		1,973				1,931
Deferred tax assets, net		4,823				4,823
Other assets		520				244
Total assets	$	35,959			$	35,654
Liabilities and stockholders' equity
Current liabilities:
Trade accounts payable	$	1,451			$	1,471
Accrued expenses and other current liabilities		2,656				2,867
Deferred revenues		3,735				3,425
Total Current liabilities		7,842				7,763
Deferred revenues--non-current		2,001				1,937
Other liabilities		221				53
Total liabilities		10,064				9,753
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $.01 par value; authorized shares-2,400; no shares issued and outstanding		-				-
Class A common stock, $.01 par value; authorized shares-2,600; 525 shares issued and outstanding at October 31, 2025 and July 31, 2025		5				5
Class B common stock, $.01 par value; authorized shares-40,000; 15,103 shares issued and 12,479 outstanding at October 31, 2025 and 15,073 shares issued and 12,692 shares outstanding at July 31, 2025		151				151
Additional paid-in capital		49,664				49,768
Accumulated other comprehensive loss		(1,410	)			(1,509	)
Accumulated deficit		(14,717	)			(15,505	)
Treasury stock, and 2,624 shares at October 31, 2025 and 2,381 shares at July 31, 2025, at cost		(7,798	)			(7,009	)
Total stockholders' equity		25,895				25,901
Total liabilities and stockholders' equity	$	35,959			$	35,654


	10 月 31 日，			7 月 31 日，
	2025			2025
	（未经审计）
资产
流动资产：
现金及现金等价物	$	18,496			$	18,609
应收账款		3,322				3,164
预付费用及其他流动资产		638				671
流动资产总计		22,456				22,444
净物业及设备		1,377				1,290
净无形资产		4,810				4,922
商誉		1,973				1,931
净递延所得税资产		4,823				4,823
其他资产		520				244
资产总计	$	35,959			$	35,654
负债及股东权益
流动负债：
应付账款	$	1,451			$	1,471
应计费用及其他流动负债		2,656				2,867
递延收入		3,735				3,425
流动负债总计		7,842				7,763
非流动递延收入		2,001				1,937
其他负债		221				53
负债总计		10,064				9,753
承诺与或有事项（注 9）
股东权益：
优先股，面值$0.01；授权股份-2,400；未发行和流通股份为 0		-				-
A 类普通股，面值$0.01；授权股份-2,600；截至2025年10月31日和2025年7月31日已发行 525 股和流通 525 股		5				5
B 类普通股，面值$0.01；授权股份-40,000；截至2025年10月31日已发行 15,103 股，流通 12,479 股，2025年7月31日已发行 15,073 股，流通 12,692 股		151				151
额外实收资本		49,664				49,768
累计其他综合损失		(1,410	)			(1,509	)
累计亏损		(14,717	)			(15,505	)
库存股，2025年10月31日持有 2,624 股，2025年7月31日持有 2,381 股，按成本计算		(7,798	)			(7,009	)
股东权益总计		25,895				25,901
负债及股东权益总计	$	35,959			$	35,654

ZEDGE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

简明合并损益表及综合收益（损失）

(in thousands, except per share data)

（以千为单位，除每股数据外）

(unaudited)

（未经审计）


	Three Months Ended
	October 31,
	2025			2024
Revenues	$	7,610			$	7,194
Costs and expenses:
Direct cost of revenues (excluding amortization of capitalized software and technology development costs which is included below)		555				461
Selling, general and administrative		5,925				6,809
Depreciation and amortization		216				381
Income (loss) from operations		914				(457	)
Interest and other income, net		153				181
Net loss resulting from foreign exchange transactions		(46	)			(14	)
Income (loss) before income taxes		1,021				(290	)
Income tax expense		233				49
Net income (loss)	$	788			$	(339	)
Other comprehensive income (loss):
Changes in foreign currency translation adjustment		99				(29	)
Total other comprehensive income (loss)		99				(29	)
Total comprehensive income (loss)	$	887			$	(368	)
Income loss per share attributable to Zedge, Inc. common stockholders:
Basic	$	0.06			$	(0.02	)
Diluted	$	0.06			$	(0.02	)
Weighted-average number of shares used in calculation of income (loss) per share:
Basic		13,026				14,086
Diluted		13,331				14,086


	截至三个月
	10 月 31 日，
	2025			2024
收入	$	7,610			$	7,194
成本和费用：
直接收入成本（不包括下文所列的资本化软件和技术开发成本的摊销）		555				461
销售、一般和行政费用		5,925				6,809
折旧和摊销		216				381
运营收入（损失）		914				(457	)
利息及其他收入，净额		153				181
外汇交易导致的净损失		(46	)			(14	)
税前收入（损失）		1,021				(290	)
所得税费用		233				49
净收入（损失）	$	788			$	(339	)
其他综合收益（损失）：
外币换算调整的变动		99				(29	)
综合其他收益（损失）总计		99				(29	)
综合收益（损失）总计	$	887			$	(368	)
归属于 Zedge, Inc.普通股东的每股收益（损失）：
基本	$	0.06			$	(0.02	)
稀释	$	0.06			$	(0.02	)
计算每股收益（损失）所用的加权平均股份数：
基本		13,026				14,086
稀释		13,331				14,086

ZEDGE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

简明合并现金流量表

(in thousands)

（以千为单位）

(unaudited)

（未经审计）


	Three Months Ended
	October 31,
	2025			2024

Operating activities
Net income (loss)	$	788			$	(339	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation		14				16
Amortization of intangible assets		112				112
Amortization of capitalized software and technology development costs		90				253
Stock-based compensation		104				379
Deferred income taxes		-				-
Change in assets and liabilities:
Trade accounts receivable		(158	)			193
Prepaid expenses and other current assets		33				(161	)
Other assets		(19	)			2
Trade accounts payable and accrued expenses		(513	)			123
Deferred revenues		374				592
Net cash provided by operating activities		825				1,170
Investing activities
Capitalized software and technology development costs		(168	)			(146	)
Purchase of property and equipment		(17	)			(11	)
Net cash used in investing activities		(185	)			(157	)
Financing activities
Purchase of treasury stock in connection with share buyback program and stock awards vesting		(789	)			(804	)
Net cash used in financing activities		(789	)			(804	)
Effect of exchange rate changes on cash and cash equivalents		36				(11	)
Net (decrease) increase in cash and cash equivalents		(113	)			198
Cash and cash equivalents at beginning of period		18,609				19,998
Cash and cash equivalents at end of period	$	18,496			$	20,196

Supplemental cash flow information:
Cash paid for income taxes	$	36			$	88

Non-cash operating and financing activities:
ROU assets obtained in exchange for lease liabilities	$	286			$	111
Dividend payable included in accrued expenses and other current liabilities (1)	$	208			$	-


	截至三个月
	10 月 31 日，
	2025 年			2024 年

经营活动
净收入（亏损）	$	788			$	(339	)
调整净收入（亏损）与经营活动提供的净现金的对账：
折旧		14				16
无形资产摊销		112				112
资本化软件和技术开发成本摊销		90				253
基于股票的补偿		104				379
递延所得税		-				-
资产和负债的变动：
应收账款		(158	)			193
预付费用和其他流动资产		33				(161	)
其他资产		(19	)			2
应付账款和应计费用		(513	)			123
递延收入		374				592
经营活动提供的净现金		825				1,170
投资活动
资本化软件和技术开发成本		(168	)			(146	)
购买物业和设备		(17	)			(11	)
投资活动使用的净现金		(185	)			(157	)
融资活动
购买库存股以进行股票回购计划和股票奖励归属		(789	)			(804	)
融资活动使用的净现金		(789	)			(804	)
汇率变动对现金及现金等价物的影响		36				(11	)
现金及现金等价物的净（减少）增加		(113	)			198
期初现金及现金等价物		18,609				19,998
期末现金及现金等价物	$	18,496			$	20,196

补充现金流信息：
支付的所得税	$	36			$	88

非现金经营和融资活动：
以租赁负债换取的使用权资产	$	286			$	111
应计费用和其他流动负债中包含的应付股息 (1)	$	208			$	-

(1) Dividend payable was paid on November 7, 2025.

(1) 应付股息于2025年11月7日支付。

Use of Non-GAAP Measures

非 GAAP 指标的使用

Adjusted EBITDA, defined as earnings (loss) before interest, taxes, depreciation and amortization, stock compensation expense, transaction-related expenses and other non-recurring expenses, Free Cash Flow, a common metric used by investors for valuation, and non-GAAP net income and EPS (which adjust out stock compensation expense, transaction-related expenses and other non-recurring expenses from GAAP net income and EPS), represent measures that we believe are customarily used by investors and analysts to evaluate the financial performance of companies in addition to the GAAP measures we present. Our management also believes these measures are useful in evaluating our core operating results. However, these are not measures of financial performance under GAAP and should not be considered an alternative to net income or operating income/margin as an indicator of our operating performance or to net cash provided by operating activities as a measure of our liquidity. Numbers in the following reconciliation tables may not add due to rounding.

调整后的 EBITDA，定义为利息、税项、折旧和摊销、股票补偿费用、与交易相关的费用及其他非经常性费用之前的收益（亏损），自由现金流是投资者用于估值的常用指标，以及非 GAAP 净收入和每股收益（调整了 GAAP 净收入和每股收益中的股票补偿费用、与交易相关的费用及其他非经常性费用），代表我们认为投资者和分析师通常用来评估公司财务表现的指标，除了我们呈现的 GAAP 指标外。我们的管理层也认为这些指标在评估我们的核心经营结果时是有用的。然而，这些不是 GAAP 下的财务表现指标，不应被视为净收入或营业收入/利润的替代指标，也不应被视为经营活动提供的净现金的替代指标，作为我们流动性的衡量标准。以下对账表中的数字可能由于四舍五入而不相加。


Reconciliation of Adjusted EBITDA to Net Income (Loss)	Q125			Q225			Q325		Q425		Q126			FY24			FY25		YTD FY26
Net Income (Loss)	$	(0.3	)		$	(1.7	)	$	0.2		$	(0.6	)		$	0.8		$	(9.2	)	$	(2.4	)	$	0.8
Excluding:
Interest and other income (expense), net	$	(0.2	)		$	(0.2	)	$	(0.2	)	$	(0.2	)		$	(0.2	)	$	(0.6	)	$	(0.7	)	$	(0.2	)
Income tax expense (benefit)	$	0.0			$	(0.5	)	$	0.1		$	(0.0	)		$	0.2		$	(2.2	)	$	(0.3	)	$	0.2
Depreciation and amortization	$	0.4			$	0.3		$	0.2		$	0.2			$	0.2		$	2.5		$	1.1		$	0.2
EBITDA	$	(0.1	)		$	(2.0	)	$	0.3		$	(0.5	)		$	1.1		$	(9.5	)	$	(2.2	)	$	1.1
Adjustments:
Asset impairments and restructuring charges	$	0.0			$	1.3		$	0.6		$	0.6			$	0.0		$	12.0		$	2.5		$	0.0
Stock-based compensation	$	0.4			$	0.6		$	0.3		$	0.1			$	0.1		$	2.1		$	1.4		$	0.1
Expenses related to restructuring activities and business combination	$	0.0			$	0.0		$	0.0		$	0.1			$	0.0		$	0.2		$	0.1		$	0.0
Adjusted EBITDA	$	0.3			$	(0.1	)	$	1.2		$	0.3			$	1.2		$	4.7		$	1.8		$	1.2


调整后的 EBITDA 与净收入（亏损）对账	Q125			Q225			Q325		Q425		Q126			FY24			FY25		YTD FY26
净收入（亏损）	$	(0.3	)		$	(1.7	)	$	0.2		$	(0.6	)		$	0.8		$	(9.2	)	$	(2.4	)	$	0.8
不包括：
利息及其他收入（费用），净额	$	(0.2	)		$	(0.2	)	$	(0.2	)	$	(0.2	)		$	(0.2	)	$	(0.6	)	$	(0.7	)	$	(0.2	)
所得税费用（收益）	$	0.0			$	(0.5	)	$	0.1		$	(0.0	)		$	0.2		$	(2.2	)	$	(0.3	)	$	0.2
折旧与摊销	$	0.4			$	0.3		$	0.2		$	0.2			$	0.2		$	2.5		$	1.1		$	0.2
EBITDA	$	(0.1	)		$	(2.0	)	$	0.3		$	(0.5	)		$	1.1		$	(9.5	)	$	(2.2	)	$	1.1
调整项：
资产减值及重组费用	$	0.0			$	1.3		$	0.6		$	0.6			$	0.0		$	12.0		$	2.5		$	0.0
基于股票的补偿	$	0.4			$	0.6		$	0.3		$	0.1			$	0.1		$	2.1		$	1.4		$	0.1
与重组活动及业务合并相关的费用	$	0.0			$	0.0		$	0.0		$	0.1			$	0.0		$	0.2		$	0.1		$	0.0
调整后的 EBITDA	$	0.3			$	(0.1	)	$	1.2		$	0.3			$	1.2		$	4.7		$	1.8		$	1.2

*numbers may not add due to rounding

* 数字可能因四舍五入而不完全相加


Reconciliation of GAAP Net Income (Loss) to Non-GAAP Net Income	Q125			Q225			Q325		Q425		Q126			FY24			FY25		YTD FY26
GAAP Net Income (Loss)	$	(0.3	)		$	(1.7	)	$	0.2		$	(0.6	)		$	0.8		$	(9.2	)	$	(2.4	)	$	0.8
Adjustments:
Asset impairments and restructuring charges	$	0.0			$	1.3		$	0.6		$	0.6			$	0.0		$	12.0		$	2.5		$	0.0
Stock-based compensation	$	0.4			$	0.6		$	0.3		$	0.1			$	0.1		$	2.1		$	1.4		$	0.1
Expenses related to restructuring activities and business combination	$	0.0			$	0.0		$	0.0		$	0.1			$	0.0		$	0.2		$	0.1		$	0.0
Income tax effect on non-GAAP items	$	(0.1	)		$	(0.4	)	$	(0.2	)	$	(0.2	)		$	(0.0	)	$	(3.3	)	$	(0.9	)	$	(0.0	)
Non-GAAP Net Income (Loss)	$	(0.0	)		$	(0.2	)	$	0.9		$	0.1			$	0.9		$	1.8		$	0.7		$	0.9
Non-GAAP basic EPS (loss per share)	$	(0.00	)		$	(0.01	)	$	0.06		$	0.00			$	0.07		$	0.13		$	0.05		$	0.07
Non-GAAP diluted EPS (loss per share)	$	(0.00	)		$	(0.01	)	$	0.06		$	0.00			$	0.07		$	0.13		$	0.05		$	0.07
Weighted average shares used to compute Non-GAAP basic earnings per share		14.1				13.9			13.7			13.4				13.0			14.1			13.7			13.0
Weighted average shares used to compute Non-GAAP diluted earnings per share		14.1				13.9			13.9			13.4				13.3			14.1			13.7			13.3


GAAP 净收入（亏损）与非 GAAP 净收入对账	Q125			Q225			Q325		Q425		Q126			FY24			FY25		YTD FY26
GAAP 净收入（亏损）	$	(0.3	)		$	(1.7	)	$	0.2		$	(0.6	)		$	0.8		$	(9.2	)	$	(2.4	)	$	0.8
调整项：
资产减值及重组费用	$	0.0			$	1.3		$	0.6		$	0.6			$	0.0		$	12.0		$	2.5		$	0.0
基于股票的补偿	$	0.4			$	0.6		$	0.3		$	0.1			$	0.1		$	2.1		$	1.4		$	0.1
与重组活动及业务合并相关的费用	$	0.0			$	0.0		$	0.0		$	0.1			$	0.0		$	0.2		$	0.1		$	0.0
非 GAAP 项目的所得税影响	$	(0.1	)		$	(0.4	)	$	(0.2	)	$	(0.2	)		$	(0.0	)	$	(3.3	)	$	(0.9	)	$	(0.0	)
非 GAAP 净收入（亏损）	$	(0.0	)		$	(0.2	)	$	0.9		$	0.1			$	0.9		$	1.8		$	0.7		$	0.9
非 GAAP 基本每股收益（亏损）	$	(0.00	)		$	(0.01	)	$	0.06		$	0.00			$	0.07		$	0.13		$	0.05		$	0.07
非 GAAP 稀释每股收益（亏损）	$	(0.00	)		$	(0.01	)	$	0.06		$	0.00			$	0.07		$	0.13		$	0.05		$	0.07
用于计算非 GAAP 基本每股收益的加权平均股份		14.1				13.9			13.7			13.4				13.0			14.1			13.7			13.0
用于计算非 GAAP 稀释每股收益的加权平均股份		14.1				13.9			13.9			13.4				13.3			14.1			13.7			13.3

*numbers may not add due to rounding

* 数字可能因四舍五入而不完全相加


Free Cash Flow Calculation	Q125		Q225			Q325		Q425	Q126		FY24			FY25		YTD FY26
Cash Flow from Operations	$	1.2		$	0.7		$	0.9	$	0.7		$	0.8		$	5.9	$	3.4	$	0.8
Capital Expenditures	$	0.2		$	0.1		$	0.1	$	0.2		$	0.2		$	1.2	$	0.5	$	0.2
Free Cash Flow	$	1.0		$	0.6		$	0.8	$	0.5		$	0.6		$	4.7	$	2.9	$	0.6


自由现金流计算	Q125		Q225			Q325		Q425	Q126		FY24			FY25		YTD FY26
经营活动产生的现金流	$	1.2		$	0.7		$	0.9	$	0.7		$	0.8		$	5.9	$	3.4	$	0.8
资本支出	$	0.2		$	0.1		$	0.1	$	0.2		$	0.2		$	1.2	$	0.5	$	0.2
自由现金流	$	1.0		$	0.6		$	0.8	$	0.5		$	0.6		$	4.7	$	2.9	$	0.6

SOURCE: Zedge, Inc.

来源： Zedge, Inc.

View the original press release on ACCESS Newswire

查看原始新闻稿，请访问 ACCESS Newswire

Zedge 公布 2026 财年第一季度财务业绩 | ZDGE 股票新闻