Zedge, Inc (ZDGE) Balance Sheet
ZDGE balance sheet, FY2025
July 31, 2025 · U.S. dollars$35.7M assets = $9.8M liabilities + $25.9M equity
Both columns are drawn to the same scale: what ZDGE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ZDGE financial health
Descriptive bands, not a rating. Fiscal FY2025.
ZDGE balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $12.4MFY2016 | $35.7MFY2025 | +12.4%/yr | |
| Total liabilities | $1.8MFY2016 | $9.8MFY2025 | +20.4%/yr | |
| Shareholders’ equity | $10.6MFY2016 | $25.9MFY2025 | +10.4%/yr | |
| Cash & short-term investments | $6.0MFY2016 | $18.6MFY2025 | +13.4%/yr | |
| Total debt | $1.5MFY2016 | $197,000FY2025 | −20.5%/yr | |
| Net cash (debt) | $4.4MFY2016 | $18.4MFY2025 | +$14.0M | |
| Working capital | $6.1MFY2016 | $14.7MFY2025 | +$8.6M | |
| Book value per share | $1.14FY2016 | $1.89FY2025 | +5.7%/yr | |
| Current ratio | 4.33FY2016 | 2.89FY2025 | −1.44 | |
| Debt / equity | 0.15FY2016 | 0.01FY2025 | −0.14 | |
| Shares outstanding | 9.3MFY2016 | 13.7MFY2025 | +4.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZDGE assets
ZDGE liabilities and equity
ZDGE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ZDGE balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $18.6M | $20.0M | $18.1M | $17.1M | $24.9M | $5.1M | $1.6M | $3.4M | $4.6M | $6.0M |
| Cash & equivalents | $18.6M | $20.0M | $18.1M | $17.1M | $24.9M | $5.1M | $1.6M | $3.4M | $4.6M | $6.0M |
| Short-term investments | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Receivables | $3.2M | $3.4M | $2.9M | $2.8M | $2.5M | $1.4M | $1.2M | $2.0M | $1.7M | $1.7M |
| Inventory | $0 | −$593,000 | −$569,000 | $1 | $111,000 | $123,000 | $380,000 | $316,000 | $315,000 | $210,000 |
| Other current assets | $671,000 | $1.2M | $1.1M | $0 | $49,000 | $113,000 | $68,000 | $94,000 | $427,000 | $107,000 |
| Total current assets | $22.4M | $24.0M | $21.6M | $19.9M | $27.6M | $6.8M | $3.2M | $5.8M | $7.0M | $8.0M |
| Property, plant & equipment (net) | $1.4M | $2.5M | $2.5M | $1.9M | $2.2M | $2.6M | $3.4M | $3.3M | $2.7M | $1.8M |
| Goodwill & intangible assets | $6.9M | $7.2M | $20.7M | $31.8M | $2.3M | $2.2M | $2.3M | $2.4M | $2.5M | $2.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.0M | $4.5M | $2.0M | $1.1M | $5.4M | $471,000 | $120,000 | $125,000 | $301,000 | $266,000 |
| Total assets | $35.7M | $38.2M | $46.8M | $54.6M | $37.5M | $12.0M | $9.0M | $11.7M | $12.5M | $12.4M |
| Liabilities | ||||||||||
| Accounts payable | $1.5M | $1.1M | $669,000 | $1.2M | $585,000 | $290,000 | $217,000 | $280,000 | $33,000 | $36,000 |
| Short-term debt | $144,000 | $85,000 | $124,000 | $142,000 | $86,000 | $232,000 | $141,000 | −$11,000 | $0 | $1.5M |
| Deferred revenue | $3.4M | $2.2M | $2.4M | $3.4M | $1.8M | $1.3M | $517,000 | $11,000 | — | $15,000 |
| Total current liabilities | $7.8M | $6.2M | $5.8M | $8.7M | $4.2M | $2.8M | $2.0M | $1.7M | $1.9M | $1.8M |
| Long-term debt | $0 | $0 | $2.0M | $0 | $0 | $218,000 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $203,000 | $347,000 | $195,000 | $231,000 | $296,000 | — | $0 | $0 | $0 |
| Other long-term liabilities | $2.0M | $1.0M | $222,999 | $1.8M | $145,000 | $64,000 | $875,000 | $280,000 | $33,000 | $51,000 |
| Total liabilities | $9.8M | $7.3M | $8.0M | $10.4M | $4.3M | $3.1M | $2.0M | $1.7M | $1.9M | $1.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $156,000 | $154,000 | $151,000 | $144,000 | $144,000 | $123,000 | $104,000 | $103,000 | $96,000 | $93,000 |
| Retained earnings (deficit) | −$15.5M | −$13.1M | −$3.9M | $2.2M | −$7.6M | −$15.8M | −$15.2M | −$11.9M | −$10.3M | −$9.7M |
| Treasury stock | — | — | — | — | −$102,000 | −$76,000 | −$47,000 | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$1.5M | −$1.8M | −$1.5M | −$1.4M | −$997,000 | −$1.1M | −$985,000 | −$702,000 | −$584,000 | −$817,000 |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $25.9M | $30.9M | $38.9M | $44.2M | $33.2M | $8.9M | $7.0M | $10.0M | $10.6M | $10.6M |
| Key figures | ||||||||||
| Total debt | $197,000 | $203,000 | $2.3M | $195,000 | $231,000 | $450,000 | $141,000 | −$11,000 | $0 | $1.5M |
| Net cash (debt) | $18.4M | $19.8M | $15.8M | $16.9M | $24.7M | $4.7M | $1.5M | $3.4M | $4.6M | $4.4M |
| Working capital | $14.7M | $17.7M | $15.8M | $11.2M | $23.4M | $3.9M | $1.2M | $4.1M | $5.1M | $6.1M |
| Tangible book value | $19.0M | $23.7M | $18.2M | $12.4M | $30.9M | $6.7M | $4.7M | $7.6M | $8.1M | $8.2M |
| Book value per share | $1.89 | $2.19 | $2.76 | $2.97 | $2.36 | $0.80 | $0.69 | $1.02 | $1.12 | $1.14 |
| Shares outstanding | 13.7M | 14.1M | 14.1M | 14.9M | 14.0M | 11.1M | 10.1M | 9.8M | 9.5M | 9.3M |
| Current ratio | 2.89 | 3.84 | 3.75 | 2.30 | 6.61 | 2.38 | 1.58 | 3.37 | 3.68 | 4.33 |
| Quick ratio | 2.80 | 3.74 | 3.65 | 2.30 | 6.57 | 2.30 | 1.36 | 3.13 | 3.30 | 4.16 |
| Debt / equity | 0.01 | 0.01 | 0.06 | 0.00 | 0.01 | 0.05 | 0.02 | −0.00 | 0.00 | 0.15 |
| Equity / assets | 72.6% | 80.9% | 83.0% | 80.9% | 88.5% | 74.0% | 77.3% | 85.4% | 84.8% | 85.2% |
| Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | Jul '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $19.7M | $19.1M | $18.5M | $18.6M | $20.4M | $20.1M | $20.2M | $20.0M | $19.9M | $18.1M | $18.7M | $18.1M |
| Cash & equivalents | $19.7M | $19.1M | $18.5M | $18.6M | $20.4M | $20.1M | $20.2M | $20.0M | $19.9M | $18.1M | $18.7M | $18.1M |
| Receivables | $3.9M | $3.8M | $3.3M | $3.2M | $3.3M | $3.0M | $3.2M | $3.4M | $3.3M | $3.4M | $3.2M | $2.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$593,000 | $0 | $0 | −$635,000 | −$569,000 |
| Other current assets | $799,000 | $1.1M | $638,000 | $671,000 | $946,000 | $953,000 | $754,000 | $1.2M | $374,000 | $675,000 | $1.3M | $1.1M |
| Total current assets | $24.4M | $23.9M | $22.5M | $22.4M | $24.7M | $24.0M | $24.2M | $24.0M | $23.6M | $22.1M | $22.6M | $21.6M |
| Property, plant & equipment (net) | $1.2M | $1.2M | $1.4M | $1.4M | $1.5M | $1.5M | $2.5M | $2.5M | $2.6M | $2.9M | $2.7M | $2.5M |
| Goodwill & intangible assets | $3.2M | $3.2M | $6.8M | $6.9M | $7.0M | $6.9M | $7.1M | $7.2M | $7.3M | $7.5M | $19.9M | $20.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.5M | $5.5M | $5.3M | $5.0M | $4.7M | $4.7M | $4.5M | $4.5M | $4.6M | $4.6M | $2.0M | $2.0M |
| Total assets | $34.3M | $33.8M | $36.0M | $35.7M | $37.8M | $37.1M | $38.2M | $38.2M | $38.1M | $37.1M | $47.2M | $46.8M |
| Liabilities | ||||||||||||
| Accounts payable | $1.3M | $1.4M | $1.5M | $1.5M | $1.4M | $1.4M | $1.4M | $1.1M | $1.2M | $933,000 | $815,000 | $669,000 |
| Short-term debt | $194,000 | $227,000 | $231,000 | $144,000 | $137,000 | $130,000 | $128,000 | $85,000 | $97,000 | $115,000 | $122,000 | $124,000 |
| Deferred revenue | $4.2M | $4.0M | $3.7M | $3.4M | $3.1M | $2.7M | $2.4M | $2.2M | $2.0M | $2.1M | $2.2M | $2.4M |
| Total current liabilities | $7.6M | $7.7M | $7.8M | $7.8M | $7.3M | $7.2M | $6.7M | $6.2M | $6.4M | $5.8M | $6.0M | $5.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.0M | $2.0M |
| Lease obligations | $194,000 | $227,000 | $452,000 | — | $137,000 | $130,000 | $128,000 | $203,000 | $97,000 | $115,000 | $122,000 | $347,000 |
| Other long-term liabilities | $2.2M | $2.2M | $2.2M | $2.0M | $1.9M | $1.7M | $1.4M | $1.0M | $812,000 | $573,999 | $245,000 | $222,999 |
| Total liabilities | $9.7M | $10.0M | $10.1M | $9.8M | $9.2M | $8.9M | $8.1M | $7.3M | $7.2M | $6.4M | $8.2M | $8.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $157,000 | $157,000 | $156,000 | $156,000 | $155,000 | $155,000 | $154,000 | $154,000 | $154,000 | $153,000 | $152,000 | $151,000 |
| Retained earnings (deficit) | −$16.1M | −$17.0M | −$14.7M | −$15.5M | −$14.9M | −$15.1M | −$13.5M | −$13.1M | −$13.1M | −$13.2M | −$4.0M | −$3.9M |
| Accumulated other comprehensive income | −$1.1M | −$1.2M | −$1.4M | −$1.5M | −$1.5M | −$2.0M | −$1.9M | −$1.8M | −$1.9M | −$1.7M | −$1.9M | −$1.5M |
| Total shareholders' equity | $24.6M | $23.9M | $25.9M | $25.9M | $28.6M | $28.2M | $30.1M | $30.9M | $30.9M | $30.7M | $39.0M | $38.9M |
| Key figures | ||||||||||||
| Total debt | $194,000 | $227,000 | $231,000 | $197,000 | $137,000 | $130,000 | $128,000 | $203,000 | $97,000 | $115,000 | $2.1M | $2.3M |
| Net cash (debt) | $19.5M | $18.9M | $18.3M | $18.4M | $20.3M | $19.9M | $20.1M | $19.8M | $19.8M | $17.9M | $16.6M | $15.8M |
| Working capital | $16.8M | $16.2M | $14.6M | $14.7M | $17.4M | $16.8M | $17.5M | $17.7M | $17.2M | $16.3M | $16.6M | $15.8M |
| Tangible book value | $21.4M | $20.7M | $19.1M | $19.0M | $21.7M | $21.3M | $23.0M | $23.7M | $23.6M | $23.2M | $19.1M | $18.2M |
| Book value per share | $1.85 | $1.84 | $1.94 | $1.93 | $2.05 | $2.03 | $2.14 | $2.18 | $2.13 | $2.18 | $2.79 | $2.71 |
| Shares outstanding | 13.3M | 13.0M | 13.3M | 13.4M | 13.9M | 13.9M | 14.1M | 14.1M | 14.5M | 14.1M | 14.0M | 14.3M |
| Current ratio | 3.21 | 3.09 | 2.86 | 2.89 | 3.39 | 3.35 | 3.62 | 3.84 | 3.68 | 3.78 | 3.78 | 3.75 |
| Quick ratio | 3.11 | 2.96 | 2.78 | 2.80 | 3.26 | 3.22 | 3.50 | 3.74 | 3.62 | 3.67 | 3.67 | 3.65 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.05 | 0.06 |
| Equity / assets | 71.6% | 70.6% | 72.0% | 72.6% | 75.7% | 76.0% | 78.8% | 80.9% | 81.0% | 82.7% | 82.6% | 83.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 28, 2025); data from EODHD.
ZDGE financial position
At the end of fiscal 2025 (July 31, 2025), Zedge had total assets of $35.7 million (down 6.7% from a year earlier), total liabilities of $9.8 million and shareholders' equity of $25.9 million. It held $18.6 million in cash and short-term investments against $0.2 million of debt, a net cash position of $18.4 million. Its current ratio was 2.89. In the latest quarter (ended April 30, 2026) total assets were $34.3 million and equity $24.6 million.
Related: ZDGE income statement, ZDGE cash flow statement, ZDGE key metrics. See the ZDGE stock overview for the latest quote and news.
ZDGE balance sheet FAQ
What are Zedge's total assets?
Zedge reported total assets of $35.7 million at the end of fiscal 2025 (July 31, 2025), compared with $38.2 million a year earlier.
How much debt does Zedge have?
Zedge had $0.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.01.
How much cash does Zedge have?
Zedge held $18.6 million in cash and short-term investments at the end of fiscal 2025; with $0.2 million of debt that is net cash of $18.4 million.
What is Zedge's book value?
Zedge's shareholders' equity (book value) was $25.9 million at the end of fiscal 2025, or $1.89 per share.
What is Zedge's current ratio?
Zedge had current assets of $22.4 million and current liabilities of $7.8 million, a current ratio of 2.89 (it can cover its short-term obligations).
How much goodwill does Zedge have?
Zedge carried $6.9 million of goodwill and intangible assets, 19.2% of total assets, at the end of fiscal 2025.