Quarterly ResultMay 12, 2026, 04:03 PM
IZEA Q1 Revenue $6.6M, Down 18%; Net Loss $0.8M
AI Summary
IZEA Worldwide, Inc. reported Q1 2026 revenue of $6.6 million, an 18% decrease year-over-year, and a net loss of $0.8 million, or $(0.04) per share. The company attributed the revenue decline to a deliberate strategic shift towards an enterprise-focused business model, shedding lower-margin SMB accounts. IZEA also highlighted the launch of ZED, its proprietary AI-infused creator economy marketing operations platform, and new business wins with clients like Hulu and ASUS.
Key Highlights
- Q1 2026 revenue was $6.6 million, an 18% decrease from $8.0 million in Q1 2025.
- 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 in Q1 2025.
- Adjusted EBITDA for the quarter was $(0.5) million, compared to $(0.1) million in the prior year.
- Cash and equivalents as of March 31, 2026, totaled $46.5 million.
- Managed Services bookings declined 17% to $6.3 million.
- Total costs and expenses decreased 10% to $7.7 million.
- The company has invested $1.3 million to repurchase 523,268 shares under its $10.0 million program to date.