IZEA WORLDWIDE, INC.
IZEA Communication Services Internet Content & Information
IZEA WORLDWIDE, INC.’s revenue for fiscal 2025 (year ended December 2025) was $31.2 million, down 12.9% from fiscal 2024. In the quarter to June 2026, revenue fell 36.4%, EPS fell 157.1% and free cash flow grew 191.3%, each against the same quarter a year earlier.
Follow IZEA
IZEA WORLDWIDE, INC. (IZEA) Altman Z-score
IZEA WORLDWIDE, INC.'s Altman Z-score for fiscal 2025 is 4.17, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.17 | 3.98 |
| FY2024 | 0.19 | (0.45) |
| FY2023 | 0.64 | (0.15) |
| FY2022 | 0.79 | (2.17) |
| FY2021 | 2.96 | 1.32 |
| FY2020 | 1.63 | 4.91 |
| FY2019 | −3.28 | (0.13) |
| FY2018 | −3.14 | (0.62) |
| FY2017 | −2.52 | (0.89) |
| FY2016 | −1.64 | (1.82) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.81 | — | 0.97 | |
| Retained earnings / total assets | (1.81) | — | −2.54 | |
| EBIT / total assets | (0.03) | — | −0.11 | |
| Market value of equity / total liabilities | 8.83 | — | 5.30 | |
| Sales / total assets | 0.54 | — | 0.54 | |
| Altman Z-score | Safe zone | 4.17 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.18 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| IZEA IZEA WORLDWIDE, INC. | 4.2× |
| ZDGE Zedge, Inc. compare | 3.8× |
| SJ Scienjoy Holding Corporation compare | 3.1× |
| GETY Getty Images Holdings, Inc. compare | −0.2× |
| TEAD Teads Holding Co. compare | −0.7× |
| PAAI Paradigm AI, Inc. compare | −0.8× |
| BODI The Beachbody Company, Inc. compare | −4.1× |
| SEAT Vivid Seats Inc. compare | −6.3× |
| LVO LiveOne, Inc. compare | −7.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets