IZEA Worldwide Q3 2026 revenue falls 23% to $6.2M
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
IZEA Worldwide, Inc. reported third-quarter 2026 revenue of $6.2 million, down 23% from $8.1 million a year earlier. Managed Services bookings were $7.0 million, up 94% year over year and 54% sequentially. Revenue from the three largest customers grew 21%, but lower revenue from other enterprise accounts and the run-off of non-core SMB customers offset that growth; those SMB customers contributed $1.2 million in the prior-year quarter.
The company recorded a net loss of $0.4 million, compared with net income of $0.1 million, and non-GAAP Adjusted EBITDA of $(0.2) million versus $0.4 million. Total costs and expenses declined 16% to $7.0 million from $8.4 million. Cash and cash equivalents were $46.4 million as of September 30, 2026, with no long-term debt. Through that date, IZEA had repurchased 908,798 shares for $2.6 million under its program to repurchase up to $10.0 million of stock in the open market, subject to certain restrictions.
For Q4 2026, IZEA expects revenue of $7.5 million to $8.1 million, with comparative quarterly growth of 24% to 34%. The outlook primarily reflects contracted bookings and expected campaign timing and assumes a limited contribution from customer opportunities not yet under contract.
2 points · 0 major0 major · 3 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointManaged Services bookings rose 94% year over year to $7.0 million. 18% of market cap
- Moderate point. Forward-looking: it has not happened yet and may not happen.Q4 outlook projects comparative quarterly growth of 24%–34%.
Negative
- Moderate pointQ3 revenue fell 23% year over year to $6.2 million.
- Minor pointQ3 net result was a $0.4 million loss, versus $0.1 million income.
- Minor pointAdjusted EBITDA was $(0.2) million, versus $0.4 million.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Q3 revenue: $6.2 million
Managed Services bookings: $7.0 million
Net income (loss): $(0.4) million
+4 more
7 metrics
Q3 revenue
$6.2 million
Q3 2026; down 23% from $8.1 million in Q3 2025.
Managed Services bookings
$7.0 million
Q3 2026; up 94% year over year and 54% sequentially.
Net income (loss)
$(0.4) million
Q3 2026; compared with net income of $0.1 million in Q3 2025.
Adjusted EBITDA
$(0.2) million
Q3 2026; compared with $0.4 million in Q3 2025.
Cash and cash equivalents
$46.4 million
As of September 30, 2026; the company reported no long-term debt.
Q4 revenue outlook
$7.5 million to $8.1 million
Q4 2026 outlook; comparative quarterly growth of 24% to 34%.
Repurchases through September 30, 2026
908,798 shares; $2.6 million
Shares repurchased under the stock repurchase program.
Key Terms
Managed Services Bookings, Adjusted EBITDA, non-GAAP financial measure, contract liabilities, +1 more
5 terms
Managed Services Bookings financial
"a key metric representing total sales orders received during a period"
Managed services bookings are the total value of new contracts signed for ongoing outsourced services, like IT, customer support, or cloud operations, typically over a set period. Investors care because bookings show future revenue under contract—similar to seeing how many months of subscriptions a company has sold—and they help gauge sales momentum, customer demand, and the size of the service backlog that can convert into cash and profit.
Adjusted EBITDA financial
"a non-GAAP financial measure under the Securities and Exchange Commission rules"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP financial measure financial
"Adjusted EBITDA is a non-GAAP financial measure"
A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.
contract liabilities financial
"Current liabilities: Contract liabilities"
Contract liabilities are amounts a company has been paid in advance for goods or services it still owes to customers — think of them like gift cards or prepaid subscriptions the company must fulfill later. For investors, they show promised future work or deliveries that will turn into revenue over time, reveal cash already collected, and help assess whether a firm has a backlog of obligations that could affect future earnings and cash flow.
ZED technical
"ZED, the proprietary AI-powered creator marketing operations platform"
Earnings Snapshot
Revenue: $6.2 million · Guidance included
Q3 2026 ended September 30, 2026
Revenue
$6.2 million
Down 23% from $8.1 million in Q3 2025.
Managed Services bookings
$7.0 million
Up $3.4 million, or 94%, year over year; up 54% sequentially.
Net income (loss)
$(0.4) million
Compared with net income of $0.1 million in Q3 2025.
Adjusted EBITDA
$(0.2) million
Compared with $0.4 million in Q3 2025.
Guidance
For Q4 2026, expected revenue is $7.5 million to $8.1 million, with comparative quarterly growth of 24% to 34%. The outlook primarily reflects contracted bookings and expected campaign timing and assumes a limited contribution from customer opportunities not yet under contract.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What revenue did IZEA (IZEA) report in Q3 2026?
IZEA reported $6.2 million in revenue for Q3 2026, down 23% from $8.1 million in Q3 2025. Revenue from its three largest customers grew 21%; lower revenue from other enterprise accounts and the run-off of non-core SMB customers offset that increase.
How much did IZEA's Managed Services bookings grow in Q3 2026?
Managed Services bookings totaled $7.0 million, up $3.4 million, or 94%, year over year and 54% sequentially from Q2 2026. The metric counts sales orders received, net of cancellations and refunds, and is not necessarily predictive of quarterly revenue because revenue recognition timing varies by contract.
What supports IZEA's Q4 2026 revenue outlook?
IZEA expects revenue of $7.5 million to $8.1 million, with comparative quarterly growth of 24% to 34%. The outlook primarily reflects contracted bookings and expected campaign timing and assumes a limited contribution from customer opportunities not yet under contract.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
_________________________________________________________________________________
Date of Report (Date of earliest event reported): November 12, 2026
(Exact Name of Registrant as Specified in Charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||
Registrant's telephone number, including area code: (407 ) 674-6911
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
The | ||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On November 12, 2026 , IZEA Worldwide, Inc. (the “Company”) issued a press release disclosing the financial results for its third quarter ended September 30, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item by reference.
The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference therein.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. | Description | ||||
99.1 | Press release issued by IZEA Worldwide, Inc. on November 12, 2026. | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
IZEA WORLDWIDE, INC. | ||||||||
Date: | By:/s/ Patrick Venetucci Patrick Venetucci Chief Executive Officer | |||||||
IZEA Reports Q3 2026 Revenue of $6.2 million, 94% increase in Managed Services Bookings
Enterprise Relationships Remain Strong Amid Market Uncertainties
ORLANDO, Fla. (November 12, 2026) - IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, reported its financial and operational results for the third quarter ended September 30, 2026.
Q3 2026 Financial Summary Compared to Q3 2025
•Revenue was $6.2 million, a decrease of $1.9 million, or 23%, from the prior-year period. While revenue from our three largest customers grew 21%, complemented by contributions from new customers, these gains were more than offset by lower revenues from other enterprise accounts, and the continued run-off of non-core small and mid-sized business ("SMB"), which contributed $1.2 million in the prior year
•Managed Services bookings totaled $7.0 million, an increase of $3.4 million, or 94%, from the prior-year period, and 54% sequentially from the second quarter. The improvement reflected stronger booking activity across multiple enterprise relationships, with a broader group of customers making substantial commitments during the quarter
•Total costs and expenses decreased 16% to $7.0 million, compared to $8.4 million, reflecting continued proactive cost management toward a more efficient structure aligned with our enterprise-focused business model
•Net loss totaled $0.4 million, or $(0.03) per share, compared to net income of $0.1 million, or $0.01 per share
•Adjusted EBITDA* for the quarter was $(0.2) million, compared to $0.4 million
•Cash and equivalents totaled $46.4 million as of September 30, 2026, with no long-term debt
Q4 2026 Financial Outlook
For the fourth quarter of 2026, management is providing a revenue outlook to give investors greater visibility into how recent bookings are expected to convert to revenue. The Company expects:
•Revenue between $7.5 million and $8.1 million; comparative quarterly growth between 24% and 34%
This outlook primarily reflects contracted bookings and expected campaign timing and assumes a limited contribution from customer opportunities not yet under contract. The Company has not established a practice of providing regular financial guidance and undertakes no obligation to update this outlook.
Q3 2026 Highlights
•IZEA grew its top three enterprise accounts faster than the market, increasing its share of creator marketing spend within these accounts and reinforcing the strength of its strategic client relationships.
•IZEA won new business from major entertainment and technology leaders, including Disney-ABC, HBO Max, Hulu and ASUS.
•IZEA executed high-visibility creator campaigns including Nestlé Vital Proteins at the US Open, Lionsgate’s The Hunger Games: Sunrise on the Reaping, and Ravensburger’s Oh My Pigeons! launch.
•IZEA managed 100% of new campaigns through ZED, the proprietary AI-powered creator marketing operations platform, enhancing creator intelligence, brand safety, and campaign execution for enterprise customers.
* Adjusted EBITDA is a non-GAAP financial measure. Refer to the definition and reconciliation of this measure under “Use of Key Metrics and Non-GAAP Financial Measures."
Management Commentary
“Our third quarter results demonstrate progress in our enterprise-focused transformation,” said Patrick Venetucci, CEO. “With bookings up 94% and double-digit growth across our largest clients, this reflects the performance we are working to replicate across the business. We enter Q4 with strong momentum and confidence in achieving our revenue guidance. With $46.4 million in cash and no long-term debt, we are continuing to pursue strategic acquisitions to accelerate growth, expand our capabilities, and strengthen our competitive position in the creator economy.”
Q3 2026 Financial Results
Total revenue for the third quarter of 2026 was $6.2 million, a decrease of $1.9 million, or 23%, compared to $8.1 million in the prior year period. Enterprise customer performance was mixed, with revenue from our three largest customers increasing 21% year over year, alongside contributions from new enterprise relationships. This growth was outweighed by lower revenue from other established enterprise accounts and the continued impact of our strategic shift away from non-core SMB customers, which contributed approximately $1.2 million in the prior-year quarter. With this transition substantially
complete, the Company remains focused on acquiring new enterprise customers and expanding existing relationships.
Cost of revenue for the third quarter of 2026 was $3.9 million, a decrease of $0.3 million, or 6%, compared to the prior-year period. The decrease was primarily attributable to lower campaign activity. Cost of revenue declined more slowly than revenue, reflecting comparatively lower margins from a large enterprise customer and internal delivery labor costs that did not decline proportionately with revenue.
Costs and expenses, excluding the cost of revenue, totaled $3.1 million for the third quarter of 2026, a decrease of $1.1 million, or 26%, compared to the prior-year period, reflecting continued efforts to align the Company's cost structure with its enterprise-focused business model. Sales and marketing expense decreased 33% to $0.7 million, primarily due to lower personnel costs. General and administrative expense declined 25% to $2.3 million, driven by reduced headcount and lower anticipated incentive compensation.
Net loss in the third quarter of 2026 was $0.4 million, or $(0.03) per share, as compared to net income of $0.1 million, or $0.01 per share in the third quarter of 2025, based on 17.3 million and 17.1 million average shares outstanding, respectively.
Adjusted EBITDA (as defined below, a non-GAAP measure management uses as a proxy for operating cash flow) totaled $(0.2) million in the third quarter of 2026, compared with $0.4 million in the comparative period.
As of September 30, 2026, our cash and cash equivalents totaled $46.4 million with no outstanding long-term debt.
We previously announced our commitment to repurchase up to $10.0 million of our stock in the open market, subject to certain restrictions. Through September 30, 2026, we have purchased a total of 908,798 shares, investing $2.6 million under the repurchase program. We purchased 250,583 shares in the third quarter with a total cost of $0.8 million.
Conference Call
IZEA will hold a conference call to discuss its third quarter 2026 results on Thursday, November 12, 2026, at 5:00 p.m. ET. IZEA's CEO Patrick Venetucci and CFO Peter Biere will host the call, followed by a question-and-answer period.
Date: Thursday, November 12, 2026
Time: 5:00 p.m. ET
Webcast link: https://viavid.webcasts.com/starthere.jsp?ei=1778906&tp_key=6b57d8dfd2
Toll-free dial-in number: 1-877-407-4018
International dial-in number: 1-201-689-8471
Please call the conference telephone number five (5) minutes before the start time. An operator will register your name and organization. A call replay will be made available approximately 3 hours after the conference ends until Thursday, November 19, 2026, at 11:59 p.m. ET.
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13763279
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) is a full-service creator economy agency powered by our proprietary ZED technology, with a mission to make Creator Economy solutions for marketers. We do this by lighting up the Creator Economy with IZEAs—our strategies, campaigns, and solutions that build brands and drive demand. Since launching the industry’s first-ever influencer marketing platform in 2006, IZEA has facilitated nearly 4 million collaborations between brands and creators.
Use of Key Metrics and Non-GAAP Financial Measures
Managed Services Bookings is a key metric representing total sales orders received during a period, net of cancellations and refunds. Contracts vary by customer and scope, ranging from custom content projects to integrated marketing campaigns, and generally extend from several months up to a year. Managed Services Bookings provide a useful measure of overall demand but are not necessarily predictive of quarterly revenue, as the timing of revenue recognition varies with contract size, complexity, and customer arrangements. Certain customers enter into annual spend commitments that establish a defined budget for services to be performed throughout the year, while others engage the Company for specific campaigns or deliverables. These differing contract structures may influence the timing and distribution of bookings and related revenue. The Company uses this metric to evaluate customer and market trends, to plan operational staffing, and to inform product development initiatives.
"Adjusted EBITDA" is a non-GAAP financial measure under the Securities and Exchange Commission rules. EBITDA is commonly defined as "earnings before interest income and expense, taxes, depreciation, and amortization." IZEA defines “Adjusted EBITDA” as earnings or loss before interest expense, interest income, taxes, depreciation and amortization, non-cash stock-based compensation, gain or loss on asset disposals or impairment, and certain other unusual or non-cash income and expense items such as gains or losses on settlement of liabilities and exchanges, and changes in the fair value of derivatives, if applicable. We believe that Adjusted EBITDA provides useful information to investors as it primarily excludes non-cash and non-operating transactions, and it provides consistency to facilitate period-to-period comparisons.
Not all companies calculate bookings and Adjusted EBITDA in the same manner. These metrics and financial measures, as presented by IZEA, may not be comparable to those presented by other companies. Moreover, these metrics and financial measures have limitations as analytical tools. You should not consider them in isolation or as a substitute for an analysis of our results of operations or, with respect to non-GAAP financial measures, as reported under GAAP. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure is presented in the financial tables included in this press release.
Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “may,” “will,” “would,” “could,” “should,” “expect,” “anticipate,” “hope,” “estimate,” “optimistic,” “believe,” “intend,” “ought to,” "likely," "projects," “plans,” "pursue," "strategy," “outlook,” or "future," or the negative of these words or other words or expressions of similar meaning. Examples of forward-looking statements include, among others, statements we make regarding our financial outlook for the fourth quarter of 2026, including expected revenue and year-over-year revenue growth; expectations concerning product development and platform launches; future financial performance and operating results, including the conversion and recognition of bookings as revenues; the share repurchase authorization and any use of such authorization; potential strategic acquisitions; the growth or maintenance of customer relationships; and expectations concerning IZEA’s business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including, among others, the following: the timing, scope, delay, or cancellation of customer campaigns and bookings, and our ability to convert bookings and customer opportunities not yet under contract into revenue within expected periods; our dependence on a limited number of large customers for a significant portion of our revenue; competitive conditions in the content and social sponsorship segment in which IZEA operates; failure to popularize one or more of the marketplace platforms of IZEA; our ability to identify, complete, and successfully integrate acquisitions; our ability to maintain disclosure controls and procedures and internal control over financial reporting; our ability to satisfy the requirements for continued listing of our common stock on the Nasdaq Capital Market; changing economic conditions that are less favorable than expected; and other risks and uncertainties described in IZEA’s periodic reports filed with the Securities and Exchange Commission. The forward-looking statements made in this release, including our financial outlook, speak only as of the date of this release, and IZEA assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.
Press Contact
John Francis
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
IZEA Worldwide, Inc.
Unaudited Consolidated Balance Sheets
| September 30, 2026 | December 31, 2025 | ||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 46,439,805 | $ | 50,886,850 | |||||||
| Accounts receivable, net | 3,828,086 | 3,398,479 | |||||||||
| Prepaid expenses | 438,608 | 830,509 | |||||||||
| Other current assets | 8,667 | 9,002 | |||||||||
| Total current assets | 50,715,166 | 55,124,840 | |||||||||
| Property and equipment, net of accumulated depreciation | 90,550 | 17,131 | |||||||||
| Software development costs, net of accumulated amortization | 2,672,715 | 2,335,745 | |||||||||
| Total assets | $ | 53,478,431 | $ | 57,477,716 | |||||||
| Liabilities and Stockholders’ Equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | 1,139,841 | 779,434 | |||||||||
| Accrued expenses | 1,373,024 | 3,050,995 | |||||||||
| Contract liabilities | 4,505,527 | 4,729,767 | |||||||||
| Total current liabilities | 7,018,392 | 8,560,196 | |||||||||
| Total liabilities | 7,018,392 | 8,560,196 | |||||||||
| Commitments and Contingencies | — | — | |||||||||
| Stockholders’ equity: | |||||||||||
| Preferred stock; $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding | — | — | |||||||||
Common stock; $0.0001 par value; 50,000,000 shares authorized; shares issued: 18,571,062 and 18,150,878, respectively, shares outstanding: 17,296,407 and 17,261,755, respectively. | 1,857 | 1,815 | |||||||||
Treasury stock at cost: 1,274,655 and 889,123 shares at September 30, 2026 and December 31, 2025, respectively | (3,630,816) | (2,344,698) | |||||||||
| Additional paid-in capital | 156,330,343 | 155,568,812 | |||||||||
| Accumulated deficit | (106,160,107) | (104,254,729) | |||||||||
| Accumulated other comprehensive loss | (81,238) | (53,680) | |||||||||
| Total stockholders’ equity | 46,460,039 | 48,917,520 | |||||||||
| Total liabilities and stockholders’ equity | $ | 53,478,431 | $ | 57,477,716 | |||||||
IZEA Worldwide, Inc.
Unaudited Consolidated Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Revenue | $ | 6,195,541 | $ | 8,072,380 | $ | 18,575,859 | $ | 25,173,975 | |||||||||||||||
| Costs and expenses: | |||||||||||||||||||||||
| Cost of revenue | 3,893,483 | 4,152,375 | 11,126,221 | 12,940,561 | |||||||||||||||||||
| Sales and marketing | 735,314 | 1,095,363 | 2,428,742 | 3,179,162 | |||||||||||||||||||
| General and administrative | 2,252,509 | 3,004,321 | 7,608,452 | 8,842,379 | |||||||||||||||||||
| Depreciation and amortization | 139,906 | 150,740 | 476,725 | 460,334 | |||||||||||||||||||
| Total costs and expenses | 7,021,212 | 8,402,799 | 21,640,140 | 25,422,436 | |||||||||||||||||||
| Loss from operations | (825,671) | (330,419) | (3,064,281) | (248,461) | |||||||||||||||||||
| Other income, net: | |||||||||||||||||||||||
| Interest expense | (32) | (1,654) | (2,867) | (5,092) | |||||||||||||||||||
| Other income | 381,763 | 479,818 | 1,161,770 | 1,463,566 | |||||||||||||||||||
| Total other income, net | 381,731 | 478,164 | 1,158,903 | 1,458,474 | |||||||||||||||||||
| Net income (loss) | (443,940) | 147,745 | (1,905,378) | 1,210,013 | |||||||||||||||||||
| Weighted average common shares outstanding – basic | 17,330,831 | 17,074,681 | 17,398,981 | 17,142,358 | |||||||||||||||||||
| Basic income (loss) per common share | $ | (0.03) | $ | 0.01 | $ | (0.11) | $ | 0.07 | |||||||||||||||
| Weighted average common shares outstanding - diluted | 17,330,831 | 18,377,063 | 17,398,981 | 18,150,970 | |||||||||||||||||||
| Diluted income (loss) per common share | $ | (0.03) | $ | 0.01 | $ | (0.11) | $ | 0.07 | |||||||||||||||
IZEA Worldwide, Inc.
Unaudited Consolidated Statements of Comprehensive Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Net income (loss) | $ | (443,940) | $ | 147,745 | $ | (1,905,378) | $ | 1,210,013 | |||||||||||||||
| Other comprehensive gain (loss) | |||||||||||||||||||||||
| Unrealized loss on securities held | — | — | — | (12,209) | |||||||||||||||||||
| Unrealized gain (loss) on currency translation | 1,387 | 1,048 | (27,558) | (143,343) | |||||||||||||||||||
| Total other comprehensive gain (loss) | 1,387 | 1,048 | (27,558) | (155,552) | |||||||||||||||||||
| Total comprehensive income (loss) | $ | (442,553) | $ | 148,793 | $ | (1,932,936) | $ | 1,054,461 | |||||||||||||||
IZEA Worldwide, Inc.
Revenue Details
Revenue details by type:
| Three Months Ended September 30, | ||||||||||||||||||||
| 2026 | 2025 | $ Change | % Change | |||||||||||||||||
| Managed Services revenue | 6,178,480 | 100 | % | 8,036,430 | 100 | % | (1,857,950) | (23) | % | |||||||||||
| SaaS Services revenue | 17,061 | — | % | 35,950 | — | % | (18,889) | (53) | % | |||||||||||
| Total revenue | $ | 6,195,541 | 100 | % | $ | 8,072,380 | 100 | % | $ | (1,876,839) | (23) | % | ||||||||
| Nine Months Ended September 30, | ||||||||||||||||||||
| 2026 | 2025 | $ Change | % Change | |||||||||||||||||
| Managed Services revenue | 18,442,936 | 99 | % | 24,996,871 | 99 | % | (6,553,935) | (26) | % | |||||||||||
| SaaS Services revenue | 132,923 | 1 | % | 177,104 | 1 | % | (44,181) | (25) | % | |||||||||||
| Total revenue | $ | 18,575,859 | 100 | % | $ | 25,173,975 | 100 | % | $ | (6,598,116) | (26) | % | ||||||||
IZEA Worldwide, Inc.
Reconciliation of GAAP Net Loss to Non-GAAP Adjusted EBITDA
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Net income (loss) | $ | (443,940) | $ | 147,745 | $ | (1,905,378) | $ | 1,210,013 | |||||||||||||||
| Non-cash stock-based compensation | 390,260 | 445,643 | 1,150,291 | 1,086,489 | |||||||||||||||||||
| Non-cash stock issued for payment of services | 89,999 | 89,995 | 270,008 | 269,991 | |||||||||||||||||||
| Gain on disposal of equipment | (7,767) | — | (7,767) | — | |||||||||||||||||||
| Depreciation and amortization | 139,906 | 150,740 | 476,725 | 460,334 | |||||||||||||||||||
| Interest expense | 32 | 1,654 | 2,867 | 5,092 | |||||||||||||||||||
| Other income, net | (381,507) | (482,760) | (1,161,770) | (1,429,292) | |||||||||||||||||||
| Adjusted EBITDA | $ | (213,017) | $ | 353,017 | $ | (1,175,024) | $ | 1,602,627 | |||||||||||||||
| Revenue | $ | 6,195,541 | $ | 8,072,380 | $ | 18,575,859 | $ | 25,173,975 | |||||||||||||||
| Adjusted EBITDA as a % of revenue | (3.4) | % | 4.4 | % | (6.3) | % | 6.4 | % | |||||||||||||||