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Financial statements

IZEA Worldwide, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data IZEA Worldwide, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue27.324.420.119183041.136.235.931.2
Cost of revenue14.211.69.048.527.914.524.721.621.216.2
Gross profit13.112.911.110.410.115.616.414.614.715
Selling and marketing10.37.596.486.2468.89.5210.512.14.32
General and administrative10.39.228.689.198.611111.613.216.711.9
Operating expenses20.529.925.526.1
Operating income-7.48-5.48-5.41-7.17-10.5-5.36-5.63-9.88-19.5-1.86
Interest expense0.080.060.270.230.060.0300.010.010.01
Other non-operating income-0.080.01-0.31-0.12-0.022.221.162.530.231.9
Pre-tax income-18.90.04
Income tax-0.01-0.390
Net income-7.56-5.47-5.72-7.29-10.5-3.14-4.47-7.35-18.90.04
EBITDA-7.22-3.96-4.11-5.42-8.84-4.27-4.8-9.17-18.3-1.22
EPS, basic-1.41-0.96-0.67-0.29-0.25-0.05-0.29-0.45-1.100.00
EPS, diluted-1.41-0.96-0.67-0.29-0.25-0.05-0.29-0.45-1.100.00
Shares, basic (weighted)5.385.678.5425.541.360.415.516.417.117.3
Shares, diluted (weighted)5.385.678.5425.541.360.415.516.417.118.3

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents5.953.911.975.883375.424.637.444.650.9
Short-term investments016.117.16.430
Receivables3.753.657.075.65.217.65.6657.8
Other current assets0.010.010.040.150.070.10.070.030.10.01
Total current assets107.959.611238.685.450.460.46055.1
Property, plant and equipment0.460.290.270.310.230.160.160.210.10.02
Lease right-of-use assets00.11
Goodwill3.63.68.328.324.024.024.025.2800
Intangible assets1.660.673.151.610.510.210.061.7502.34
Long-term investments029.39.620
Total assets1713.622.923.944.890.885.779.462.257.5
Accounts payable1.441.762.622.252.312.09
Accrued liabilities1.241.591.971.381.922.52.133.083.733.05
Deferred revenue3.323.074.966.476.6311.311.28.898.194.73
Short-term debt0.040.060.060.01
Total current liabilities7.287.7115.710.212.315.915.313.613.48.56
Long-term debt00.460.030
Total liabilities8.038.3315.710.212.91615.414.113.48.56
Total debt2.010.080.110.120.060.01
Paid-in capital50.852.660.374.1102148149152155156
Retained earnings-41.8-47.3-53.1-60-70.5-73.6-78.1-85.4-104-104
Treasury stock0-1.02-1.62-2.34
Other comprehensive income0-0.78-0.250.11-0.05
Shareholders' equity8.995.297.2214.131.974.870.365.348.848.9
Total equity8.995.297.2214.131.974.870.365.348.848.9
Total liabilities and equity1713.622.923.944.890.885.779.462.257.5
Shares outstanding5.465.7312.134.650.16215.616.216.917.3

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-7.56-5.47-5.72-7.29-10.5-3.14-4.47-7.35-18.90.04
Depreciation and amortization0.251.521.31.751.651.090.830.711.160.64
Stock-based compensation0.750.640.580.630.480.880.610.952.331.49
Deferred income tax0-0.01-0.390
Change in receivables0.350.06-0.281.470.23-2.41.931.02-3.354.38
Change in payables0.440.320.71-0.37-0.33-0.22-0.12-0.530.21-0.73
Cash from operations-4.72-2.1-5.58-2.91-2.1-2.57-3.06-4.83-11.52.43
Capital expenditures-0.12-0.03-0.17-0.09-0.02-0.06-0.08-0.13-0.07-0.06
Acquisitions-0.3300.010-0.64-0.20
Purchases of investments0-159-2850
Cash from investing-0.97-0.19-0.91-0.68-0.35-0.03-47.718.819.85.57
Stock issued0.06046.500.020.090.05
Share buybacks0-1.02-0.6-0.72
Cash from financing0.030.254.557.5129.645-0.08-1.14-1.1-1.6
Exchange rate effect0-0.02-0.16
Net change in cash-5.66-2.04-1.943.9227.242.4-50.812.87.26.24
Free cash flow-4.84-2.13-5.75-3-2.12-2.63-3.14-4.96-11.52.37
Interest paid0.020.040.150.390.050.0100.010.010.01
Income taxes paid00

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.59 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin44.7%Gross profit / revenue.
Operating margin-15.8%Operating income / revenue.
EBITDA margin-13.3%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-9.4%Net income / revenue.
Operating cash flow margin-5.8%Cash from operations / revenue.
Return on equity (ROE)-5.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-4.6%Net income / average total assets.
Return on invested capital (ROIC)-406.9%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue6.1%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue2.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-12.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-8.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y11.7%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y2.3%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-2.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y8.3%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y0.3%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-11.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y8.9%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-7.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-12.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y5.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y7.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y5.6%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y-15.0%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio7.83xCurrent assets / current liabilities.
Quick ratio7.09x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio7.09x(Cash + short-term investments) / current liabilities.
Liabilities / assets12.2%Total liabilities / total assets.
Interest coverage-721xOperating income / interest expense.
Working capital$44.8MCurrent assets - current liabilities.
Goodwill and intangibles / assets4.7%(Goodwill + intangible assets) / total assets.
Tangible book value$44.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.49xRevenue / average total assets.
Fixed asset turnover562xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.14Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$1.52Revenue / diluted weighted shares.
Operating cash flow per share-$0.09Cash from operations / diluted weighted shares.
Book value per share$2.72Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$2.58Tangible book value / shares outstanding.
Cash per share$2.68(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$45.1MShare price x shares outstanding.
Enterprise value-$1.5MMarket cap + total debt - cash - short-term investments.
P/S1.70xMarket cap / revenue.
P/B0.95xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.01xMarket cap / tangible book value, when positive.
Earnings yield-5.5%Net income / market cap (the inverse of P/E).
Shareholder yield1.1%(Dividends paid + share buybacks) / market cap.
What was IZEA Worldwide, Inc.'s revenue in fiscal 2025?

IZEA Worldwide, Inc. reported revenue of $31.2M for fiscal 2025, 12.9% lower than the year before.

Was IZEA Worldwide, Inc. profitable in fiscal 2025?

Yes. Net income was $42.3K, a net margin of 0.1%.

How much free cash flow did IZEA Worldwide, Inc. generate in fiscal 2025?

Cash from operations of $2.4M minus capital expenditures of $56.7K left free cash flow of $2.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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