IZEA Worldwide (NASDAQ: IZEA) swings to Q2 loss on 36% revenue drop
Rhea-AI Filing Summary
IZEA Worldwide, Inc. reported Q2 2026 revenue of $5.8 million, down 36% from $9.1 million in Q2 2025, reflecting a strategic shift toward larger enterprise customers, softer enterprise demand, and timing of campaign launches. Managed Services bookings were $4.5 million, a 19% decline, as several large accounts saw delayed contract awards. Total costs and expenses fell 18% to $6.9 million, driven by lower sales and marketing and general and administrative spending aligned with an enterprise-focused model.
The company recorded a Q2 2026 net loss of $0.7 million, or $(0.04) per share, versus net income of $1.2 million, or $0.07 per share, a year earlier. Adjusted EBITDA was $(0.4) million, compared with $1.3 million in Q2 2025. Despite weaker profitability, liquidity remained strong with $46.6 million in cash and cash equivalents and no long-term debt as of June 30, 2026. Under its stock repurchase program, IZEA has bought back 658,217 shares for $1.8 million to date, including 134,949 shares in Q2. Management highlighted continued progress on its enterprise-first strategy, expansion of the ZED platform, and new wins with major brands such as Nestle, Amazon Studios, Hulu, HBO Max, and Lionsgate.
Positive
- Strong balance sheet with $46.6M cash and no long-term debt provides financial flexibility to navigate revenue volatility and continue investing in enterprise strategy and technology.
- Active $10M share repurchase program with $1.8M spent on 658,217 shares, including $0.5M in Q2, returns capital to shareholders while shares trade below prior levels.
Negative
- Revenue declined 36% year over year to $5.8M, reversing prior profitability and signaling demand and timing challenges in the enterprise customer base.
- Shift from $1.2M net income to $0.7M net loss and Adjusted EBITDA falling from $1.3M to $(0.4)M indicate meaningful deterioration in operating performance.
- Managed Services bookings fell 19% to $4.5M, suggesting softer near-term demand and potential pressure on future revenue despite the strategic enterprise focus.
Filing Explained
The repurchase program has used 1.8 million dollars of its 10.0 million dollar maximum; June 30 outstanding shares were 17,416,286.
The company’s completed second-quarter disclosure reports
The stated commitment to repurchase up to
The filing defines Managed Services bookings as sales orders net of cancellations and refunds, and says bookings are not necessarily predictive of quarterly revenue because recognition timing varies by contract.
The specific watch item is whether early-third-quarter contract commitments convert into recognized revenue; the company says campaign timing may shift that recognition later in the year.
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
Q2 2026 Revenue: $5.8 million
Managed Services bookings: $4.5 million
Net income (loss) Q2 2026: $(0.7) million
+4 more
7 metrics
Q2 2026 Revenue
$5.8 million
Revenue for the second quarter of 2026, down 36% from $9.1 million in Q2 2025
Managed Services bookings
$4.5 million
Q2 2026 Managed Services bookings, a 19% decline year over year
Net income (loss) Q2 2026
$(0.7) million
Net loss for Q2 2026 versus net income of $1.2 million in Q2 2025
Adjusted EBITDA Q2 2026
$(0.4) million
Adjusted EBITDA for the second quarter of 2026 compared with $1.3 million a year earlier
Cash and equivalents
$46.6 million
Cash and cash equivalents as of June 30, 2026, with no long-term debt
Total costs and expenses Q2 2026
$6.9 million
Q2 2026 total costs and expenses, an 18% decrease from $8.4 million
Share repurchases to date
658,217 shares / $1.8 million
Total shares and dollars repurchased under the $10.0 million program through June 30, 2026
Key Terms
Managed Services Bookings, Adjusted EBITDA, contract liabilities, treasury stock, +1 more
5 terms
Managed Services Bookings financial
"Managed Services Bookings is a key metric representing total sales orders received"
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
""Adjusted EBITDA" is a non-GAAP financial measure under the Securities"
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.
contract liabilities financial
"Contract liabilities | 4,083,835 | | | 4,729,767"
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.
treasury stock financial
"Treasury stock at cost: 1,024,072 and 889,123 shares"
Treasury stock is shares that a company has bought back from the public and kept in its own control rather than retiring them. Think of it like a company holding its own tickets in a drawer: those shares no longer vote or receive dividends while held, but the company can reissue or retire them later; this reduces the number of shares available to outside investors and can boost per‑share earnings and influence ownership and stock price.
Creator Economy technical
"a full-service creator economy agency powered by our proprietary ZED"
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.
Earnings Snapshot
Revenue: $5.8 million
Second quarter ended June 30, 2026
Revenue
$5.8 million
Decrease of $3.3 million, or 36%, from $9.1 million in Q2 2025
Net income (loss)
$(0.7) million
Down from net income of $1.2 million in Q2 2025
Adjusted EBITDA
$(0.4) million
Down from $1.3 million in Q2 2025
Managed Services bookings
$4.5 million
Declined 19% year over year
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did IZEA (IZEA) perform financially in Q2 2026?
IZEA reported Q2 2026 revenue of $5.8 million, down 36% from $9.1 million a year earlier, and a net loss of $0.7 million, or $(0.04) per share, versus prior net income of $1.2 million.
What happened to IZEA (IZEA) Adjusted EBITDA in Q2 2026?
Adjusted EBITDA for IZEA in Q2 2026 was $(0.4) million, compared with $1.3 million in Q2 2025. The shift reflects lower revenue from enterprise clients and campaign timing, partially offset by cost reductions.
What is IZEA (IZEA)’s cash position and debt level as of June 30, 2026?
As of June 30, 2026, IZEA held $46.6 million in cash and cash equivalents and reported no long-term debt. This liquidity position supports ongoing operations, technology investments, and the share repurchase program.
How are IZEA (IZEA)’s Managed Services bookings trending?
In Q2 2026, IZEA’s Managed Services bookings were $4.5 million, down 19% year over year. Management cited softer enterprise demand and timing of contract awards across several large accounts as key factors.
What strategic focus did IZEA (IZEA) emphasize in Q2 2026?
IZEA emphasized its enterprise-first growth strategy, highlighting strengthened relationships with large enterprise clients, expansion of its ZED technology platform, and new business wins with brands like Nestle and Lionsgate.
When is IZEA (IZEA)’s conference call for Q2 2026 results?
IZEA scheduled its Q2 2026 results conference call for Tuesday, August 11, 2026, at 5:00 p.m. ET, featuring CEO Patrick Venetucci and CFO Peter Biere, with webcast and dial-in details provided.
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): August 11, 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 August 11, 2026 , IZEA Worldwide, Inc. (the “Company”) issued a press release disclosing the financial results for its second quarter ended June 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 August 11, 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 Q2 2026 Revenue of $5.8 million, Advances Enterprise-Focused Growth Strategy
Enterprise Relationships Remain Strong Amid Market Uncertainties
ORLANDO, Fla. (August 11, 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 second quarter ended June 30, 2026.
Q2 2026 Financial Summary Compared to Q2 2025
•Revenue was $5.8 million, a decrease of $3.3 million (36%) from $9.1 million in the prior-year period, primarily reflecting the Company's continued strategic transition toward larger enterprise customers, together with softer enterprise demand and the timing of campaign launches during the quarter
•Managed Services bookings declined 19% to $4.5 million, primarily reflecting softer overall demand across our enterprise business and the timing of contract awards within several large enterprise accounts
•Total costs and expenses decreased 18% to $6.9 million, compared to $8.4 million, reflecting a more efficient structure aligned with our enterprise-focused business model
•Net loss totaled $0.7 million, or $(0.04) per share, compared to net income of $1.2 million, or $0.07 per share
•Adjusted EBITDA* for the quarter was $(0.4) million, compared to $1.3 million
•Cash and equivalents totaled $46.6 million as of June 30, 2026, with no long-term debt
Q2 2026 Highlights
•IZEA won new business from Nestle, ASUS, Amazon Studios, Hulu, HBO Max, and Lionsgate Entertainment
•IZEA continued execution of the Company’s enterprise-first strategy while expanding adoption of the ZED platform
•IZEA executed many high-impact creator campaigns during the quarter, including a Nestle nutrition product, Warner Bros.’ Supergirl, Lionsgate’s Michael and Jeep’s Easter Jeep Safari
•IZEA strengthened the executive leadership team with the appointment of Mark Wollney as Senior Vice President of Commercial Operations, reinforcing the Company's commitment to operational excellence
* Adjusted EBITDA is a non-GAAP financial measures. Refer to the definition and reconciliation of this measure under “Use of Key Metrics and Non-GAAP Financial Measures."
Management Commentary
“The first half of the year unfolded largely as we anticipated, with a challenging macroeconomic environment impacting client spending across several key industries. While those headwinds weighed on our results, we continued to execute against our long-term strategy. We strengthened relationships with our largest enterprise clients, made deliberate investments in our team, and continued to enhance our ZED technology platform. As we enter the second half of the year, although market conditions may remain challenging, early third-quarter contract commitments have been encouraging. We believe these factors position IZEA for a stronger back half of the year and reinforce our confidence in the company's long-term growth trajectory."
Q2 2026 Financial Results
Total revenue for the second quarter of 2026 was $5.8 million, compared to $9.1 million in the prior year period, a decrease of $3.3 million, or 36%. The decline primarily reflects the Company’s deliberate shift toward expanding its enterprise customer base while reducing reliance on non-core, lower-margin customers. Results were also impacted by the timing of contract awards, campaign launches, and project-related delays across several enterprise accounts during the quarter. While early third-quarter bookings have been encouraging, the timing of campaign launches may shift the recognition of associated revenue later in the year.
Cost of revenue for the second 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 attributable to lower campaign delivery volume associated with reduced revenue. The decline was partially offset by the impact of fixed and semi-fixed delivery costs, resulting in a smaller percentage decrease in cost of revenue than the decline in revenue.
Costs and expenses, excluding the cost of revenue, totaled $3.3 million for the second quarter of 2026, a decrease of $0.7 million, or 18%, compared to the second quarter of 2025. Sales and marketing expense totaled $0.8 million, a decrease of 21% from $1.0 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 $2.3 million, a decrease of $0.6 million, or 20%, year over year, primarily driven by lower payroll and related expenses, reflecting continued cost management initiatives.
Net loss in the second quarter of 2026 was $0.7 million, or $(0.04) per share, as compared to net income of $1.2 million, or $0.07 per share in the second quarter of 2025, based on 17.5 million and 16.9 million average shares outstanding, respectively.
Adjusted EBITDA (as defined below, a non-GAAP measure management uses as a proxy for operating cash flow) totaled $(0.4) million in the second quarter of 2026, compared with $1.3 million in the comparative period.
As of June 30, 2026, our cash and cash equivalents totaled $46.6 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 June 30, 2026, we have purchased a total of 658,217 shares, investing $1.8 million under the repurchase program. We purchased 134,949 shares in the second quarter with a total cost of $0.5 million.
Conference Call
IZEA will hold a conference call to discuss its second quarter 2026 results on Tuesday, August 11, 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, August 11, 2026
Time: 5:00 p.m. ET
Webcast link: https://viavid.webcasts.com/starthere.jsp?ei=1769925&tp_key=5952a369a5
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, August 18, 2026, at 11:59 p.m. ET.
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13761792
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" 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
| June 30, 2026 | December 31, 2025 | ||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 46,600,679 | $ | 50,886,850 | |||||||
| Accounts receivable, net | 4,214,811 | 3,398,479 | |||||||||
| Prepaid expenses | 576,346 | 830,509 | |||||||||
| Other current assets | 11,553 | 9,002 | |||||||||
| Total current assets | 51,403,389 | 55,124,840 | |||||||||
| Property and equipment, net of accumulated depreciation | 47,159 | 17,131 | |||||||||
| Software development costs, net of accumulated amortization | 2,530,444 | 2,335,745 | |||||||||
| Total assets | $ | 53,980,992 | $ | 57,477,716 | |||||||
| Liabilities and Stockholders’ Equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | 800,758 | 779,434 | |||||||||
| Accrued expenses | 1,684,321 | 3,050,995 | |||||||||
| Contract liabilities | 4,083,835 | 4,729,767 | |||||||||
| Total current liabilities | 6,568,914 | 8,560,196 | |||||||||
| Total liabilities | 6,568,914 | 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: 18,440,358 and 18,150,878, respectively, shares outstanding: 17,416,286 and 17,261,755, respectively. | 1,844 | 1,815 | |||||||||
Treasury stock at cost: 1,024,072 and 889,123 shares at June 30, 2026 and December 31, 2025, respectively | (2,846,241) | (2,344,698) | |||||||||
| Additional paid-in capital | 156,055,267 | 155,568,812 | |||||||||
| Accumulated deficit | (105,716,167) | (104,254,729) | |||||||||
| Accumulated other comprehensive loss | (82,625) | (53,680) | |||||||||
| Total stockholders’ equity | 47,412,078 | 48,917,520 | |||||||||
| Total liabilities and stockholders’ equity | $ | 53,980,992 | $ | 57,477,716 | |||||||
IZEA Worldwide, Inc.
Unaudited Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Revenue | $ | 5,807,086 | $ | 9,133,232 | $ | 12,380,318 | $ | 17,101,595 | |||||||||||||||
| Costs and expenses: | |||||||||||||||||||||||
| Cost of revenue | 3,602,737 | 4,386,612 | 7,232,738 | 8,788,186 | |||||||||||||||||||
| Sales and marketing | 762,854 | 962,017 | 1,693,428 | 2,083,799 | |||||||||||||||||||
| General and administrative | 2,320,437 | 2,897,551 | 5,355,943 | 5,838,058 | |||||||||||||||||||
| Depreciation and amortization | 187,572 | 149,242 | 336,819 | 309,594 | |||||||||||||||||||
| Total costs and expenses | 6,873,600 | 8,395,422 | 14,618,928 | 17,019,637 | |||||||||||||||||||
| Income (loss) from operations | (1,066,514) | 737,810 | (2,238,610) | 81,958 | |||||||||||||||||||
| Other income (expense): | |||||||||||||||||||||||
| Interest expense | (2,463) | (1,784) | (2,835) | (3,438) | |||||||||||||||||||
| Other income (expense), net | 385,062 | 469,042 | 780,007 | 983,748 | |||||||||||||||||||
| Total other income (expense), net | 382,599 | 467,258 | 777,172 | 980,310 | |||||||||||||||||||
| Net income (loss) | (683,915) | 1,205,068 | (1,461,438) | 1,062,268 | |||||||||||||||||||
| Weighted average common shares outstanding – basic and diluted | 17,450,639 | 16,947,527 | 17,484,781 | 16,980,960 | |||||||||||||||||||
| Basic and diluted loss per common share | $ | (0.04) | $ | 0.07 | $ | (0.08) | $ | 0.06 | |||||||||||||||
| Weighted average common shares outstanding - diluted | 17,450,639 | 17,817,378 | 17,484,781 | 17,827,552 | |||||||||||||||||||
| Diluted income (loss) per common share | $ | (0.04) | $ | 0.07 | $ | (0.08) | $ | 0.06 | |||||||||||||||
IZEA Worldwide, Inc.
Unaudited Consolidated Statements of Comprehensive Loss
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Net income (loss) | $ | (683,915) | $ | 1,205,068 | $ | (1,461,438) | $ | 1,062,268 | |||||||||||||||
| Other comprehensive loss | |||||||||||||||||||||||
| Unrealized gain loss on securities held | — | 1,694 | — | (12,209) | |||||||||||||||||||
| Unrealized gain loss on currency translation | (24,825) | (34,932) | (28,945) | (144,391) | |||||||||||||||||||
| Total other comprehensive loss | (24,825) | (33,238) | (28,945) | (156,600) | |||||||||||||||||||
| Total comprehensive income (loss) | $ | (708,740) | $ | 1,171,830 | $ | (1,490,383) | $ | 905,668 | |||||||||||||||
IZEA Worldwide, Inc.
Revenue Details
Revenue details by type:
| Three Months Ended June 30, | ||||||||||||||||||||
| 2026 | 2025 | $ Change | % Change | |||||||||||||||||
| Managed Services revenue | 5,711,285 | 98 | % | 9,053,031 | 98 | % | (3,341,746) | (37) | % | |||||||||||
| SaaS Services revenue | 95,801 | 2 | % | 141,154 | 2 | % | (45,353) | (32) | % | |||||||||||
| Total revenue | $ | 5,807,086 | 100 | % | $ | 9,194,185 | 100 | % | $ | (3,387,099) | (37) | % | ||||||||
| Six Months Ended June 30, | ||||||||||||||||||||
| 2026 | 2025 | $ Change | % Change | |||||||||||||||||
| Managed Services revenue | 12,264,456 | 99 | % | 16,960,441 | 99 | % | (4,695,985) | (28) | % | |||||||||||
| SaaS Services revenue | 115,862 | 1 | % | 141,154 | 1 | % | (25,292) | (18) | % | |||||||||||
| Total revenue | $ | 12,380,318 | 100 | % | $ | 17,101,595 | 100 | % | $ | (4,721,277) | (28) | % | ||||||||
IZEA Worldwide, Inc.
Reconciliation of GAAP Net Loss to Non-GAAP Adjusted EBITDA
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Net income (loss) | $ | (683,915) | $ | 1,205,068 | $ | (1,461,438) | $ | 1,062,268 | |||||||||||||||
| Non-cash stock-based compensation | 357,865 | 355,714 | 760,031 | 640,846 | |||||||||||||||||||
| Non-cash stock issued for payment of services | 89,999 | 89,994 | 180,009 | 179,996 | |||||||||||||||||||
| Depreciation and amortization | 187,572 | 149,242 | 336,819 | 309,594 | |||||||||||||||||||
| Interest expense | 2,463 | 1,784 | 2,835 | 3,438 | |||||||||||||||||||
| Interest income | (385,251) | (475,342) | (780,263) | (946,532) | |||||||||||||||||||
| Adjusted EBITDA | $ | (431,267) | $ | 1,326,460 | $ | (962,007) | $ | 1,249,610 | |||||||||||||||
| Revenue | $ | 5,807,086 | $ | 9,133,232 | $ | 12,380,318 | $ | 17,101,595 | |||||||||||||||
| Adjusted EBITDA as a % of revenue | (7.4) | % | 14.5 | % | (7.8) | % | 7.3 | % | |||||||||||||||