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

活躍訂閲用户達到 110 萬，年增長 54%；訂閲收入年增長 29%；每月活躍用户平均收入年增長 29%

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

收入增長 6%，GAAP 和非 GAAP 每股收益分別為 0.06 美元和 0.07 美元

Repurchased 240,000 shares and paid first quarterly dividend

回購了 240,000 股，並支付了首個季度股息

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.（紐約證券交易所代碼：ZDGE），$ZDGE，數字市場和互動遊戲的領導者，提供內容、激發創造力、賦予自我表達能力並促進社區，今天宣佈了截至2025年10月31日的 2026 財年第一季度的業績。

Jonathan Reich, Zedge's CEO, commented:

Zedge 首席執行官 Jonathan Reich 評論道：

"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 財年開局良好，儘管我們繼續應對 Emojipedia 和 GuruShots 預期的挑戰，但收入迴歸增長。Zedge 市場在更廣泛的數字生態系統中展現出韌性和效率。改善的每月活躍用户平均收入是本季度的一個關鍵成就，得益於持續的每千次展示成本（CPM）、核心廣告定價指標、優化和更強的訂閲增長。這些都是我們核心引擎保持健康的強烈信號。

"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.

“我對 DataSeeds 的進展感到興奮。雖然已完成的交易數量仍然較少，但機會巨大。AI 模型的成功依賴於其獲取滿足獨特技術規格的大量高質量訓練數據的能力。這正是 DataSeeds 生產雲，我們的創意專家網絡，旨在滿足定製內容請求，正在經歷需求激增的地方。在第一季度，我們收到了來自一家 AI 領域領導者的第二個訂單，訂單金額比客户的第一個訂單增加了大約 25 倍。此外，我們的管道中充滿了許多六位數的收入機會。雖然仍然早期，但我們的價值主張——主要是接觸和體驗一個可以大規模生成權利清晰、道德來源內容的創作者社區，需求旺盛。此外，推動興趣的並不僅僅是內容，還有我們能夠一致且準確地交付客户簡報的許多其他方面，包括獨特的命名和元數據約定以及搜索能力，這使我們與眾不同。我們正在謹慎推進，主要利用現有資源進行執行。

"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.

“談到我們的財務結果，我想提及自由現金流，因為本季度的抵消因素是顯著的，但完全在預期之中。自由現金流反映了與重組相關的補償税款支付的時機影響，這些影響現在基本上已經過去，以及應收賬款和應付賬款的一些季度特定時機。我們還選擇將部分重組節省再投資於高潛力的項目，包括 DataSeeds、Tapedeck 和我們的產品創新計劃。這些項目暫時減少了我們的自由現金流生成，但並不改變我們對長期自由現金流的預期。

"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."

“展望未來，我們進入了 2026 財年的第二季度，通常是季節性較強的季度，擁有更精簡的運營結構、更強大的業務引擎和不斷增長的創新投資組合。我們從自信、紀律和勢頭的立場出發，謹慎投資於機會出現的地方。”

First Quarter Highlights (fiscal 2026 versus fiscal 2025)

第一季度亮點（2026 財年與 2025 財年對比）

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.

收入增長 5.8%，達到 760 萬美元；
GAAP 營業收入為 90 萬美元，而去年同期為營業虧損（50 萬美元）；
GAAP 淨收入和每股收益（EPS）為 80 萬美元和 0.06 美元，而去年同期淨虧損為（30 萬美元）和（0.02 美元）；
非 GAAP 淨收入（虧損）為 90 萬美元和 0.07 美元，而去年同期持平；
自由現金流為 60 萬美元；調整後的 EBITDA 為 120 萬美元；
每月活躍用户平均收入增長 29.2%；
Zedge Premium 的總交易額下降 3.7%，至 66 萬美元；
回購了約 240,000 股 B 類普通股。

First Quarter Select Financial Metrics: FY26 versus FY25*

第一季度精選財務指標：2026 財年與 2025 財年對比*


(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	%


(單位：百萬，除非另有説明)	2026 財年第一季度			2025 財年第一季度			變化
總收入	$	7.6			$	7.2		5.8	%
廣告收入	$	5.2			$	4.9		6.0	%
數字商品和服務收入	$	0.5			$	0.6		-27.3	%
訂閲收入	$	1.5			$	1.2		28.6	%
其他收入	$	0.5			$	0.5		-7.7	%
GAAP 營業收入（虧損）	$	0.9			$	(0.5	)	不可測量
營業利潤率		12.0	%			-6.4	%
GAAP 淨收入（虧損）	$	0.8			$	(0.3	)	不可測量
GAAP 稀釋每股收益（虧損）	$	0.06			$	(0.02	)	不可測量
非 GAAP 淨收入	$	0.9			$	(0.0	)	不可測量
非 GAAP 稀釋每股收益	$	0.07			$	0.00		不可測量
經營現金流	$	0.8			$	1.2		-29.5	%
自由現金流	$	0.6			$	1.0		-36.8	%
調整後的 EBITDA	$	1.2			$	0.3		312.5	%
回購股份		0.24				0.22		8.6	%

nm = not measurable/meaningful

nm = 不可測量/無意義

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

* 數字/百分比基於實際數據，而非表中四捨五入的數字

Select Zedge Marketplace Metrics: FY26 versus FY25*

精選 Zedge 市場指標：2026 財年與 2025 財年對比*


(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	%


(以百萬為單位，除非註明為 ARPMAU)	2026 年第一季度		2025 年第一季度			變化
月活躍用户 (MAU)		22.2			25.0		-11.2	%
成熟市場		4.9			5.5		-10.9	%
新興市場		17.3			19.5		-11.3	%
活躍訂閲數 (以千為單位)		1,075			698		54.1	%
ARPMAU	$	0.099		$	0.077		29.2	%
Zedge Premium - 總交易額 (GTV)	$	0.66		$	0.68		-3.7	%

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

* 數字/百分比基於實際數據，而非表格中的四捨五入數字

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

1 我們在本次發佈中使用以下補充業務指標，因為我們認為它們在評估 Zedge 的運營表現時是有用的。

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.

月活躍用户（MAU）指在相關期間的前 30 天內使用過我們 Zedge 應用的獨立用户數量，這對於評估用户與我們應用的互動程度非常有用，因為更多的用户會帶來更多的廣告展示，從而推動廣告收入。它還使讀者和潛在廣告商能夠評估我們的用户基礎規模。
Zedge Premium 總交易額（GTV）是通過 Zedge Premium 進行的交易的總美元金額。由於 Zedge Premium 是我們內部關注的增長重點，我們認為這一指標將幫助投資者評估我們在這一業務部分的增長進展。
我們 Zedge 市場的每月活躍用户平均收入（ARPMAU）有助於評估我們如何有效地變現我們的用户基礎。
活躍訂閲是指已開始且未被取消的訂閲，包括暫停的訂閲和處於免費試用、寬限期或賬户保留狀態的訂閲。這一點很重要，因為它是經常性收入的來源。

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 在本次發佈中，非公認會計原則淨收入、非公認會計原則每股收益、自由現金流（FCF）和調整後 EBITDA 是非公認會計原則財務指標，旨在提供有用的信息，以補充 Zedge 根據公認會計原則的結果。請參閲本次發佈末尾的非公認會計原則財務指標的調節，以瞭解 Zedge 對非公認會計原則淨收入、非公認會計原則每股收益、自由現金流和調整後 EBITDA 的計算方法及其與最直接可比的公認會計原則指標的調節。

Trended Financial Information*

趨勢財務信息*


(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


(以百萬為單位，EPS、ARPMAU、活躍訂閲除外)	Q125			Q225			Q325		Q425	Q126			FY24			FY25		YTD FY26
總收入	$	7.2			$	7.0		$	7.8	$	7.5			$	7.6		$	30.1			$	29.4		$	7.6
廣告收入	$	4.9			$	4.7		$	5.6	$	5.2			$	5.2		$	21.0			$	20.3		$	5.2
數字商品和服務收入	$	0.6			$	0.6		$	0.5	$	0.5			$	0.5		$	3.5			$	2.2		$	0.5
訂閲收入	$	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 營業收入（虧損）	$	(0.5	)		$	(2.2	)	$	0.2	$	(0.7	)		$	0.9		$	(11.8	)		$	(3.2	)	$	0.9
GAAP 淨收入（虧損）	$	(0.3	)		$	(1.7	)	$	0.2	$	(0.6	)		$	0.8		$	(9.2	)		$	(2.4	)	$	0.8
GAAP 稀釋每股收益（每股虧損）	$	(0.02	)		$	(0.12	)	$	0.01	$	(0.04	)		$	0.06		$	(0.65	)		$	(0.17	)	$	0.06
非 GAAP 淨收入（虧損）	$	(0.0	)		$	(0.2	)	$	0.9	$	0.1			$	0.9		$	1.8			$	0.7		$	0.9
非 GAAP 稀釋每股收益（每股虧損）	$	(0.00	)		$	(0.01	)	$	0.06	$	0.00			$	0.07		$	0.13			$	0.05		$	0.07
經營現金流	$	1.2			$	0.7		$	0.9	$	0.7			$	0.8		$	5.9			$	3.4		$	0.8
自由現金流	$	1.0			$	0.6		$	0.8	$	0.5			$	0.6		$	4.7			$	2.9		$	0.6
調整後 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
成熟市場		5.5				5.6			5.2		5.4				4.9		nm			nm			nm
新興市場		19.5				19.1			16.9		17.8				17.3		nm			nm			nm
活躍訂閲（以千為單位）		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
回購股份		0.22				0.24			0.22		0.64				0.24			0.21				1.32			0.24

nm = not measurable/meaningful

nm = 不可測量/無意義

*numbers may not add due to rounding

* 數字可能因四捨五入而不相加

Earnings Announcement and Supplemental Information

財報公告及補充信息

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.

管理層將在今天東部時間上午 11:00 召開財報電話會議，討論其財報結果、前景和戰略，隨後將進行與投資者的問答環節。

Live Call-in Info:

電話會議信息：

Toll Free: 888-506-0062

免費電話：888-506-0062

International: 973-528-0011

國際電話：973-528-0011

Participant Access Code: 866858

參與者訪問代碼：866858

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

網絡直播網址：https://www.webcaster5.com/Webcast/Page/2205/53246

Replay:

重播：

Toll Free: 877-481-4010

免費電話：877-481-4010

International: 919-882-2331

國際電話：919-882-2331

Replay Passcode: 53246

重播密碼：53246

About Zedge

關於 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 每月為數千萬消費者和創作者提供一系列互聯平台，促進創造力、自我表達和電子商務，並通過有趣的競賽培養社區。Zedge 的產品生態系統包括 Zedge 市場，一個提供手機壁紙、視頻壁紙、鈴聲、通知音效的免費市場，以及 pAInt，一個生成式 AI 圖像和音頻創作工具；GuruShots，"世界上最偉大的攝影遊戲"，一個基於技能的攝影挑戰遊戲；以及 Emojipedia，#1 值得信賴的 “所有表情符號相關信息” 的來源。

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

欲瞭解更多信息，請訪問：investor.zedge.net

在 X 上關注我們：@Zedge

在 LinkedIn 上關注我們

Forward-Looking Statements

前瞻性聲明

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.

上述所有不純粹關於歷史事實的陳述，包括但不限於我們使用 “相信”、“預期”、“期望”、“計劃”、“打算”、“估計”、“目標” 等類似表達的內容，均為 1995 年《私人證券訴訟改革法案》意義上的前瞻性陳述。雖然這些前瞻性陳述代表了我們對未來可能發生情況的當前判斷，但由於眾多重要因素，實際結果可能與這些陳述所表達或暗示的結果存在重大差異。我們向 SEC 提交的文件提供了關於此類陳述和風險的詳細信息，應與本公告一併查閲。在適用法律允許的範圍內，我們不承擔更新任何前瞻性陳述的義務。

Contact:

聯繫方式：

Brian Siegel, IRC, MBA

Senior Managing Director

高級董事總經理

Hayden IR

(346) 396-8696

brian@haydenir.com

ir@zedge.net

CONDENSED CONSOLIDATED BALANCE SHEETS

簡明合併資產負債表

(in thousands, except par value data)

（以千為單位，除面值數據外）


	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
	（未經審計）
資產
流動資產：
現金及現金等價物	$	18,496			$	18,609
應收賬款		3,322				3,164
預付費用及其他流動資產		638				671
流動資產總計		22,456				22,444
淨物業及設備		1,377				1,290
淨無形資產		4,810				4,922
商譽		1,973				1,931
淨遞延所得税資產		4,823				4,823
其他資產		520				244
資產總計	$	35,959			$	35,654
負債及股東權益
流動負債：
應付賬款	$	1,451			$	1,471
應計費用及其他流動負債		2,656				2,867
遞延收入		3,735				3,425
流動負債總計		7,842				7,763
非流動遞延收入		2,001				1,937
其他負債		221				53
負債總計		10,064				9,753
承諾與或有事項（注 9）
股東權益：
優先股，面值$0.01；授權股份-2,400；未發行和流通股份為 0		-				-
A 類普通股，面值$0.01；授權股份-2,600；截至2025年10月31日和2025年7月31日已發行 525 股和流通 525 股		5				5
B 類普通股，面值$0.01；授權股份-40,000；截至2025年10月31日已發行 15,103 股，流通 12,479 股，2025年7月31日已發行 15,073 股，流通 12,692 股		151				151
額外實收資本		49,664				49,768
累計其他綜合損失		(1,410	)			(1,509	)
累計虧損		(14,717	)			(15,505	)
庫存股，2025年10月31日持有 2,624 股，2025年7月31日持有 2,381 股，按成本計算		(7,798	)			(7,009	)
股東權益總計		25,895				25,901
負債及股東權益總計	$	35,959			$	35,654

ZEDGE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

簡明合併損益表及綜合收益（損失）

(in thousands, except per share data)

（以千為單位，除每股數據外）

(unaudited)

（未經審計）


	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


	截至三個月
	10 月 31 日，
	2025			2024
收入	$	7,610			$	7,194
成本和費用：
直接收入成本（不包括下文所列的資本化軟件和技術開發成本的攤銷）		555				461
銷售、一般和行政費用		5,925				6,809
折舊和攤銷		216				381
運營收入（損失）		914				(457	)
利息及其他收入，淨額		153				181
外匯交易導致的淨損失		(46	)			(14	)
税前收入（損失）		1,021				(290	)
所得税費用		233				49
淨收入（損失）	$	788			$	(339	)
其他綜合收益（損失）：
外幣換算調整的變動		99				(29	)
綜合其他收益（損失）總計		99				(29	)
綜合收益（損失）總計	$	887			$	(368	)
歸屬於 Zedge, Inc.普通股東的每股收益（損失）：
基本	$	0.06			$	(0.02	)
稀釋	$	0.06			$	(0.02	)
計算每股收益（損失）所用的加權平均股份數：
基本		13,026				14,086
稀釋		13,331				14,086

ZEDGE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

簡明合併現金流量表

(in thousands)

（以千為單位）

(unaudited)

（未經審計）


	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			$	-


	截至三個月
	10 月 31 日，
	2025 年			2024 年

經營活動
淨收入（虧損）	$	788			$	(339	)
調整淨收入（虧損）與經營活動提供的淨現金的對賬：
折舊		14				16
無形資產攤銷		112				112
資本化軟件和技術開發成本攤銷		90				253
基於股票的補償		104				379
遞延所得税		-				-
資產和負債的變動：
應收賬款		(158	)			193
預付費用和其他流動資產		33				(161	)
其他資產		(19	)			2
應付賬款和應計費用		(513	)			123
遞延收入		374				592
經營活動提供的淨現金		825				1,170
投資活動
資本化軟件和技術開發成本		(168	)			(146	)
購買物業和設備		(17	)			(11	)
投資活動使用的淨現金		(185	)			(157	)
融資活動
購買庫存股以進行股票回購計劃和股票獎勵歸屬		(789	)			(804	)
融資活動使用的淨現金		(789	)			(804	)
匯率變動對現金及現金等價物的影響		36				(11	)
現金及現金等價物的淨（減少）增加		(113	)			198
期初現金及現金等價物		18,609				19,998
期末現金及現金等價物	$	18,496			$	20,196

補充現金流信息：
支付的所得税	$	36			$	88

非現金經營和融資活動：
以租賃負債換取的使用權資產	$	286			$	111
應計費用和其他流動負債中包含的應付股息 (1)	$	208			$	-

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

(1) 應付股息於2025年11月7日支付。

Use of Non-GAAP Measures

非 GAAP 指標的使用

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.

調整後的 EBITDA，定義為利息、税項、折舊和攤銷、股票補償費用、與交易相關的費用及其他非經常性費用之前的收益（虧損），自由現金流是投資者用於估值的常用指標，以及非 GAAP 淨收入和每股收益（調整了 GAAP 淨收入和每股收益中的股票補償費用、與交易相關的費用及其他非經常性費用），代表我們認為投資者和分析師通常用來評估公司財務表現的指標，除了我們呈現的 GAAP 指標外。我們的管理層也認為這些指標在評估我們的核心經營結果時是有用的。然而，這些不是 GAAP 下的財務表現指標，不應被視為淨收入或營業收入/利潤的替代指標，也不應被視為經營活動提供的淨現金的替代指標，作為我們流動性的衡量標準。以下對賬表中的數字可能由於四捨五入而不相加。


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


調整後的 EBITDA 與淨收入（虧損）對賬	Q125			Q225			Q325		Q425		Q126			FY24			FY25		YTD FY26
淨收入（虧損）	$	(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（費用），淨額	$	(0.2	)		$	(0.2	)	$	(0.2	)	$	(0.2	)		$	(0.2	)	$	(0.6	)	$	(0.7	)	$	(0.2	)
所得税費用（收益）	$	0.0			$	(0.5	)	$	0.1		$	(0.0	)		$	0.2		$	(2.2	)	$	(0.3	)	$	0.2
折舊與攤銷	$	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
調整項：
資產減值及重組費用	$	0.0			$	1.3		$	0.6		$	0.6			$	0.0		$	12.0		$	2.5		$	0.0
基於股票的補償	$	0.4			$	0.6		$	0.3		$	0.1			$	0.1		$	2.1		$	1.4		$	0.1
與重組活動及業務合併相關的費用	$	0.0			$	0.0		$	0.0		$	0.1			$	0.0		$	0.2		$	0.1		$	0.0
調整後的 EBITDA	$	0.3			$	(0.1	)	$	1.2		$	0.3			$	1.2		$	4.7		$	1.8		$	1.2

*numbers may not add due to rounding

* 數字可能因四捨五入而不完全相加


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 淨收入（虧損）與非 GAAP 淨收入對賬	Q125			Q225			Q325		Q425		Q126			FY24			FY25		YTD FY26
GAAP 淨收入（虧損）	$	(0.3	)		$	(1.7	)	$	0.2		$	(0.6	)		$	0.8		$	(9.2	)	$	(2.4	)	$	0.8
調整項：
資產減值及重組費用	$	0.0			$	1.3		$	0.6		$	0.6			$	0.0		$	12.0		$	2.5		$	0.0
基於股票的補償	$	0.4			$	0.6		$	0.3		$	0.1			$	0.1		$	2.1		$	1.4		$	0.1
與重組活動及業務合併相關的費用	$	0.0			$	0.0		$	0.0		$	0.1			$	0.0		$	0.2		$	0.1		$	0.0
非 GAAP 項目的所得税影響	$	(0.1	)		$	(0.4	)	$	(0.2	)	$	(0.2	)		$	(0.0	)	$	(3.3	)	$	(0.9	)	$	(0.0	)
非 GAAP 淨收入（虧損）	$	(0.0	)		$	(0.2	)	$	0.9		$	0.1			$	0.9		$	1.8		$	0.7		$	0.9
非 GAAP 基本每股收益（虧損）	$	(0.00	)		$	(0.01	)	$	0.06		$	0.00			$	0.07		$	0.13		$	0.05		$	0.07
非 GAAP 稀釋每股收益（虧損）	$	(0.00	)		$	(0.01	)	$	0.06		$	0.00			$	0.07		$	0.13		$	0.05		$	0.07
用於計算非 GAAP 基本每股收益的加權平均股份		14.1				13.9			13.7			13.4				13.0			14.1			13.7			13.0
用於計算非 GAAP 稀釋每股收益的加權平均股份		14.1				13.9			13.9			13.4				13.3			14.1			13.7			13.3

*numbers may not add due to rounding

* 數字可能因四捨五入而不完全相加


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


自由現金流計算	Q125		Q225			Q325		Q425	Q126		FY24			FY25		YTD FY26
經營活動產生的現金流	$	1.2		$	0.7		$	0.9	$	0.7		$	0.8		$	5.9	$	3.4	$	0.8
資本支出	$	0.2		$	0.1		$	0.1	$	0.2		$	0.2		$	1.2	$	0.5	$	0.2
自由現金流	$	1.0		$	0.6		$	0.8	$	0.5		$	0.6		$	4.7	$	2.9	$	0.6

SOURCE: Zedge, Inc.

來源： Zedge, Inc.

View the original press release on ACCESS Newswire

查看原始新聞稿，請訪問 ACCESS Newswire

Zedge 公佈 2026 財年第一季度財務業績 | ZDGE 股票新聞