IZEA (NASDAQ: IZEA) Q1 2026 revenue drops as it completes SMB exit
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
IZEA Worldwide reported Q1 2026 revenue of $6.6 million, down 18% from $8.0 million a year earlier, mainly because it exited smaller, lower-margin SMB customers to focus on larger enterprise accounts. Managed Services bookings were $6.3 million, a 17% decline tied to contract timing with major clients.
Total costs and expenses fell 10% to $7.7 million, but the company still posted a net loss of $0.8 million, or $(0.04) per share, compared with a $0.1 million loss, or $(0.01) per share, in Q1 2025. Adjusted EBITDA was a loss of $0.5 million versus a $0.1 million loss.
IZEA ended March 31, 2026 with $46.5 million in cash and cash equivalents and no long-term debt, after a $4.4 million cash decline during the quarter. Management highlighted the completion of its SMB exit, a stronger enterprise client base, and the launch of its AI-powered ZED platform as foundations for future growth.
Positive
- None.
Negative
- Revenue and profitability deterioration: Q1 2026 revenue declined 18% year over year to $6.6 million, Managed Services bookings fell 17% to $6.3 million, and net loss widened to $0.8 million with Adjusted EBITDA deteriorating to a $0.5 million loss.
Insights
Revenue and earnings weakened, but balance sheet remains strong and strategy is shifting to enterprise clients.
IZEA delivered Q1 2026 revenue of $6.6M, an 18% year-over-year decline as it intentionally exited small, lower-margin SMB accounts. Managed Services bookings fell 17% to $6.3M, partly from contract timing with large enterprise customers.
Despite a 10% drop in total costs and expenses to $7.7M, net loss widened to $0.8M and Adjusted EBITDA declined to a $0.5M loss. However, the company holds $46.5M in cash with no long-term debt as of March 31, 2026, giving it flexibility to support its enterprise-focused strategy and ZED platform rollout.
The strategic shift away from SMB work and toward higher-margin enterprise clients, plus investment in the AI-powered ZED platform, suggests a focus on quality and scalability of revenue. Subsequent quarters in 2026 will show how quickly enterprise bookings convert to revenue and whether profitability trends improve.
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, and exhibit attachments filed with this report.
Key Figures
Revenue: $6.6M
Net loss: $0.8M
Adjusted EBITDA: -$0.5M
+5 more
8 metrics
Revenue
$6.6M
Q1 2026, down 18% from $8.0M in Q1 2025
Net loss
$0.8M
Q1 2026, vs $0.1M net loss in Q1 2025
Adjusted EBITDA
-$0.5M
Q1 2026, vs -$0.1M in Q1 2025
Cash and cash equivalents
$46.5M
As of March 31, 2026; no outstanding long-term debt
Managed Services bookings
$6.3M
Q1 2026, 17% decline year over year
Total costs and expenses
$7.7M
Q1 2026, down 10% from $8.6M in Q1 2025
Shares outstanding
17,364,175 shares
Common shares outstanding as of March 31, 2026
Share repurchases to date
523,268 shares / $1.3M
Cumulative under $10M authorization through March 31, 2026
Key Terms
Adjusted EBITDA, Managed Services Bookings, Creator Economy, non-GAAP financial measures, +1 more
5 terms
Adjusted EBITDA financial
""Adjusted EBITDA* for the quarter was $(0.5) million, compared to $(0.1) million""
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.
Managed Services Bookings financial
"Managed Services bookings declined 17% to $6.3 million, primarily reflecting contract timing"
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.
Creator Economy financial
"a leading influencer marketing company that makes Creator Economy solutions for marketers"
The creator economy is the ecosystem of individual content makers, small teams, and the platforms and tools that let them produce, distribute, and earn money from digital content like videos, podcasts, newsletters, and online courses. Investors care because it creates new revenue streams, subscription and advertising models, and platform lock-in effects—think of creators as small businesses whose success can drive growth, user engagement, and monetization opportunities for the platforms and services that support them.
non-GAAP financial measures financial
"Adjusted EBITDA and revenue from on-going operations are non-GAAP financial measures"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
forward-looking statements regulatory
"All statements in this release that are not based on historical fact are "forward-looking statements""
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Earnings Snapshot
Revenue: $6.6M
Q1 2026
Revenue
$6.6M
-18% YoY
Net loss
$0.8M
worse than $0.1M loss in Q1 2025
Adjusted EBITDA
-$0.5M
worse than -$0.1M in Q1 2025
Cash and cash equivalents
$46.5M
down from $50.9M at December 31, 2025
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): May 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 May 12, 2026 , IZEA Worldwide, Inc. (the “Company”) issued a press release disclosing the financial results for its first quarter ended March 31, 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 May 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 Q1 2026 Revenue of $6.6 Million, Strengthens Enterprise Client Base,
Launches AI-Powered ZED Platform
Completes SMB Exit and Positions for Accelerated Growth, Higher-Quality Revenue and Profitability with Enterprise Clients
ORLANDO, Fla. (May 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 first quarter ended March 31, 2026.
Q1 2026 Financial Summary Compared to Q1 2025
•Revenue was $6.6 million, off $1.4 million (18%) compared to $8.0 million, driven by the shedding of small, unprofitable, non-recurring small and mid-size business (SMB) accounts
•Managed Services bookings declined 17% to $6.3 million, primarily reflecting contract timing within several large enterprise accounts, which we expect to contribute to growth in 2026
•Total costs and expenses decreased 10% to $7.7 million, compared to $8.6 million, reflecting a normalized cost base positioned to scale with revenue growth
•Net loss totaled $0.8 million, or $(0.04) per share, compared to a net loss of $0.1 million, or $(0.01) per share
•Adjusted EBITDA* for the quarter was $(0.5) million, compared to $(0.1) million
•Cash and equivalents as of March 31, 2026 totaled $46.5 million, declining $4.4 million during the quarter, primarily reflecting working capital timing
Q1 2026 Highlights
•IZEA won new business from Hulu, ASUS, Garanimals, and Emmi Roth
•IZEA launched ZED, its proprietary creator economy marketing operations platform infused with AI, designed to connect brands and creators through a unified operating system, enabling teams to plan smarter campaigns, collaborate seamlessly, automate workflows, and measure impact in real time
•IZEA executed many high-impact creator campaigns including a global fandom activation for Warner Bros.’ Wuthering Heights, gaming activations for Acer, vehicle showcases for Jeep, and launch support for Netflix Games
•IZEA strengthened its talent base with a dozen strategic growth hires, including Lindsey Gamble as Vice President of Creator Strategy and Innovation, bringing a powerful combination of deep influencer marketing expertise and enterprise-scale marketing leadership
* Adjusted EBITDA and revenue from on-going operations are non-GAAP financial measures. Refer to the definition and reconciliation of these measures under “Use of Key Metrics and Non-GAAP Financial Measures."
Management Commentary
“Q1 marked a pivotal milestone for IZEA as we completed our transition to an enterprise-focused business model,” said Patrick Venetucci, CEO. “Over the past year, we made the disciplined decision to exit lower-margin SMB work, which reset our economic foundation and drove a nearly $19 million swing in profitability in 2025. Today, we have a higher-quality, more predictable revenue base anchored by large enterprise clients, with growing relationships and increasing revenue per account. Over the past twelve months, we have seen double-digit growth across our enterprise portfolio, supported by new client wins and continued momentum in our creative and technology capabilities, including the launch of ZED, our proprietary AI-powered platform. We believe this transformation positions IZEA for accelerated growth and long-term value creation.”
Q1 2026 Financial Results
Total revenue for the first quarter of 2026 was $6.6 million, compared to $8.0 million in the prior year period, a decrease of $1.4 million, or 18%. The decline primarily reflects the Company’s deliberate shift toward growing its core enterprise customer base and reducing reliance on non-core, lower-margin customers, supporting a focus on improving the quality, sustainability, and long-term profitability of revenue. The decrease was also, to a lesser extent, impacted by contract timing differences across several enterprise accounts during the quarter, which are expected to contribute to growth in 2026.
Cost of revenue for the first quarter of 2026 was $3.6 million, a decrease of $0.8 million, or 18%, compared to the prior-year period. The decrease was primarily driven by lower overall delivery volume, consistent with the decline in revenue, and a more favorable mix of higher-margin enterprise engagements.
Costs and expenses, excluding the cost of revenue, totaled $4.1 million for the first quarter of 2026, a decrease of $0.1 million, or 3%, compared to the first quarter of 2025. Sales and marketing expense totaled $0.9 million, down 17% from $1.1 million in the prior-year period, primarily due to lower payroll and related expenses, partially offset by program costs to support growth initiatives. General and administrative expenses were $3.0 million, an increase of $0.1 million, or 3%, year over year, primarily driven by higher payroll and related expenses, net of continued cost management initiatives.
Net loss in the first quarter of 2026 was $0.8 million, or $(0.04) per share, as compared to a net loss of $0.1 million, or $(0.01) per share in the first quarter of 2025, based on 17.3 million and 17.0 million average shares outstanding, respectively.
Adjusted EBITDA (as defined below, a non-GAAP measure management used as a proxy for operating cash flow) totaled $(0.5) million in the first quarter of 2026, compared with $(0.1) million in the comparative period.
As of March 31, 2026, our cash and cash equivalents totaled $46.5 million. The company has 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 March 31, 2026, we have purchased a total of 523,268 shares, investing $1.3 million under the repurchase program. No share purchases were made in the current quarter.
Conference Call
IZEA will hold a conference call to discuss its first quarter 2026 results on Tuesday, May 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: Tuesday, May 12, 2026
Time: 5:00 p.m. ET
Webcast link: https://viavid.webcasts.com/starthere.jsp?ei=1760886&tp_key=951f9d5729
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 Tuesday, May 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: 13760257
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 and revenue and costs from on-going operations to the most directly comparable GAAP measures 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" 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 expectations concerning product development and platform launches, future financial performance and operating results, including regarding recognition of bookings as revenues, the share repurchase authorization and any use of such authorization, 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: 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 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 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
| March 31, 2026 | December 31, 2025 | ||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 46,502,356 | $ | 50,886,850 | |||||||
| Accounts receivable, net | 5,853,585 | 3,398,479 | |||||||||
| Prepaid expenses | 622,896 | 830,509 | |||||||||
| Other current assets | 125,321 | 9,002 | |||||||||
| Total current assets | 53,104,158 | 55,124,840 | |||||||||
| Property and equipment, net of accumulated depreciation | 6,209 | 17,131 | |||||||||
| Software development costs, net of accumulated amortization | 2,426,122 | 2,335,745 | |||||||||
| Total assets | $ | 55,536,489 | $ | 57,477,716 | |||||||
| Liabilities and Stockholders’ Equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | 758,442 | 779,434 | |||||||||
| Accrued expenses | 1,413,805 | 3,050,995 | |||||||||
| Contract liabilities | 4,892,795 | 4,729,767 | |||||||||
| Total current liabilities | 7,065,042 | 8,560,196 | |||||||||
| Total liabilities | 7,065,042 | 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: 18,253,298 and 18,150,878, respectively, shares outstanding: 17,364,175 and 17,261,755, respectively. | 1,825 | 1,815 | |||||||||
Treasury stock at cost: 889,123 and 889,123 shares at March 31, 2026 and December 31, 2025, respectively | (2,344,698) | (2,344,698) | |||||||||
| Additional paid-in capital | 155,904,372 | 155,568,812 | |||||||||
| Accumulated deficit | (105,032,252) | (104,254,729) | |||||||||
| Accumulated other comprehensive loss | (57,800) | (53,680) | |||||||||
| Total stockholders’ equity | 48,471,447 | 48,917,520 | |||||||||
| Total liabilities and stockholders’ equity | $ | 55,536,489 | $ | 57,477,716 | |||||||
IZEA Worldwide, Inc.
Unaudited Consolidated Statements of Operations
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Revenue | $ | 6,573,232 | $ | 7,968,363 | |||||||
| Costs and expenses: | |||||||||||
| Cost of revenue | 3,630,001 | 4,401,574 | |||||||||
| Sales and marketing | 930,574 | 1,121,782 | |||||||||
| General and administrative | 3,035,506 | 2,940,507 | |||||||||
| Depreciation and amortization | 149,247 | 160,352 | |||||||||
| Total costs and expenses | 7,745,328 | 8,624,215 | |||||||||
| Loss from operations | (1,172,096) | (655,852) | |||||||||
| Other income (expense): | |||||||||||
| Interest expense | (372) | (1,654) | |||||||||
| Other income (expense), net | 394,945 | 514,706 | |||||||||
| Total other income (expense), net | 394,573 | 513,052 | |||||||||
| Net loss | (777,523) | (142,800) | |||||||||
| Weighted average common shares outstanding – basic and diluted | 17,310,313 | 16,927,166 | |||||||||
| Basic and diluted loss per common share | $ | (0.04) | $ | (0.01) | |||||||
IZEA Worldwide, Inc.
Unaudited Consolidated Statements of Comprehensive Loss
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Net loss | $ | (777,523) | $ | (142,800) | |||||||
| Other comprehensive loss | |||||||||||
| Unrealized gain loss on securities held | — | (13,903) | |||||||||
| Unrealized gain loss on currency translation | (4,120) | (109,459) | |||||||||
| Total other comprehensive loss | (4,120) | (123,362) | |||||||||
| Total comprehensive loss | $ | (781,643) | $ | (266,162) | |||||||
IZEA Worldwide, Inc.
Revenue Details
Revenue details by type:
| Three Months Ended March 31, | ||||||||||||||||||||
| 2026 | 2025 | $ Change | % Change | |||||||||||||||||
| Managed Services revenue | 6,553,171 | 100 | % | 7,907,410 | 99 | % | (1,354,239) | (17) | % | |||||||||||
| SaaS Services revenue | 20,061 | — | % | 60,953 | 1 | % | (40,892) | (67) | % | |||||||||||
| Total revenue | $ | 6,573,232 | 100 | % | $ | 7,968,363 | 100 | % | $ | (1,395,131) | (18) | % | ||||||||
IZEA Worldwide, Inc.
Reconciliation of GAAP Net Loss to Non-GAAP Adjusted EBITDA
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Net loss | $ | (777,523) | $ | (142,800) | |||||||
| Non-cash stock-based compensation | 402,166 | 285,132 | |||||||||
| Non-cash stock issued for payment of services | 90,010 | 90,002 | |||||||||
| Depreciation and amortization | 149,247 | 160,352 | |||||||||
| Interest expense | 372 | 1,654 | |||||||||
| Interest income | (395,012) | (471,190) | |||||||||
| Adjusted EBITDA | $ | (530,740) | $ | (76,850) | |||||||
| Revenue | $ | 6,573,232 | $ | 7,968,363 | |||||||
| Adjusted EBITDA as a % of revenue | (8.1) | % | (1.0) | % | |||||||
FAQ
How did IZEA (IZEA) perform financially in Q1 2026?
IZEA reported weaker Q1 2026 results. Revenue was $6.6 million, down 18% from $8.0 million in Q1 2025. Net loss increased to $0.8 million, or $(0.04) per share, compared with a $0.1 million loss, or $(0.01) per share, a year earlier.
Why did IZEA’s Q1 2026 revenue decline compared to Q1 2025?
Revenue fell mainly due to a strategic shift. The 18% decline to $6.6 million primarily reflects IZEA’s deliberate exit from lower-margin SMB customers and greater focus on enterprise clients, along with some contract timing differences in several larger enterprise accounts during the quarter.
What was IZEA’s Adjusted EBITDA in Q1 2026?
Adjusted EBITDA was negative in Q1 2026. IZEA reported Adjusted EBITDA of $(0.5) million, compared with $(0.1) million in Q1 2025. The metric excludes interest, taxes, depreciation, amortization, stock-based compensation, and certain other non-cash or unusual items.
What is IZEA’s cash position and debt level as of March 31, 2026?
IZEA ended the quarter with substantial cash and no long-term debt. Cash and cash equivalents totaled $46.5 million as of March 31, 2026, down from $50.9 million at December 31, 2025, and the company reported having no outstanding long-term debt on its balance sheet.
How did IZEA’s Managed Services bookings trend in Q1 2026?
Managed Services bookings declined year over year. They fell 17% to $6.3 million versus Q1 2025, mainly due to contract timing across several large enterprise accounts. Management expects these enterprise contracts to contribute to growth during 2026 as work is executed.
What strategic initiatives did IZEA highlight for Q1 2026?
IZEA emphasized its enterprise focus and new technology. The company completed its exit from SMB work, expanded its enterprise client base, and launched ZED, an AI-powered creator economy platform to help brands plan campaigns, collaborate with creators, automate workflows, and measure impact in real time.