Earnings release
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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
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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.
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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
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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 issuedand 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 and17,261,755, respectively. 1,844 1,815 Treasury stock at cost: 1,024,072 and 889,123 shares at June 30, 2026 andDecember 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
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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 sharesoutstanding – 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 sharesoutstanding - 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
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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 currencytranslation (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
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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)%
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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 ofservices 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 %