$IZEA

IZEA Worldwide, Inc.

CIK:0001495231|SEC Filings

Unaudited Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
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, net	385,062	469,042	780,007	983,748
Total other income, net	382,599	467,258	777,172	980,310
Net income (loss) before income taxes	(683,915)	1,205,068	(1,461,438)	1,062,268
Net income (loss)	$ (683,915)	$ 1,205,068	$ (1,461,438)	$ 1,062,268
Weighted average common shares outstanding – basic (in shares)	17,450,639	16,947,527	17,484,781	16,980,960
Basic income (loss) per common share (in dollars per share)	$ (0.04)	$ 0.07	$ (0.08)	$ 0.06
Weighted average common shares outstanding - diluted (in shares)	17,450,639	17,817,378	17,484,781	17,827,552
Diluted income (loss) per common share (in dollars per share)	$ (0.04)	$ 0.07	$ (0.08)	$ 0.06

Unaudited Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ (1,461,438)	$ 1,062,268
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation	13,993	44,684
Amortization	322,826	264,910
Stock-based compensation	760,031	640,846
Value of stock issued for payment of services	180,009	179,996
Changes in operating assets and liabilities:
Accounts receivable	(816,332)	1,603,944
Prepaid expenses and other current assets	251,557	608,095
Accounts payable	21,324	(554,647)
Accrued expenses	(1,356,494)	(1,076,910)
Contract liabilities	(645,932)	(1,527,198)
Net cash provided by (used in) operating activities	(2,730,456)	1,245,988
Cash flows from investing activities:
Proceeds from investment maturities	0	6,403,689
Capitalization of software development costs	(517,525)	(360,490)
Purchase of property and equipment	(53,127)	(29,693)
Net cash provided by (used in) investing activities	(570,652)	6,013,506
Cash flows from financing activities:
Proceeds from ESPP issuances	36,422	23,414
Purchase of treasury stock	(501,543)	(722,633)
Stock issuance costs	0	(134,017)
Taxes paid related to net share settlement of vesting of restricted stock units	(489,978)	(294,909)
Net cash used in financing activities	(955,099)	(1,128,145)
Effect of exchange rate changes on cash	(29,964)	(132,802)
Net increase (decrease) in cash and cash equivalents	(4,286,171)	5,998,547
Cash and cash equivalents, beginning of period	50,886,850	44,644,468
Cash and cash equivalents, end of period	46,600,679	50,643,015
Supplemental cash flow information:
Interest paid	2,835	3,438
Supplemental non-cash activities:
Fair Value of common stock issued for services	$ 180,009	$ 179,996

Unaudited Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
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
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 (Note 7)
Stockholders’ equity:
Preferred stock; $0.0001 par value; $10,000,000 shares authorized; no shares issued and outstanding	0	0
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