izea-20260630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 10-Q

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________________ to _________________

Commission File No.: 001-37703

IZEA WORLDWIDE, INC.

(Exact name of registrant as specified in its charter)


Nevada						37-1530765
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)


1317 Edgewater Dr., # 1880, Orlando, FL						32804
(Address of principal executive offices)						(Zip Code)

Registrant’s telephone number, including area code: (407) 674-6911

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol (s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

IZEA

The Nasdaq Capital Market

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”

iii

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and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☐

Accelerated filer

☐

Non-Accelerated Filer

☒

Smaller reporting company

☒

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

As of August 6, 2026, there were 17,416,286 shares of our common stock outstanding.

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IZEA Worldwide, Inc.

Form 10-Q

For the Quarterly Period Ended June 30, 2026


Table of Contents			Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements			1
Unaudited Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025			1
Unaudited Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 2025			2
Unaudited Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended June 30, 2026 and 2025			3
Unaudited Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended June 30, 2026 and 2025			4
Unaudited Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025			5
Notes to the Unaudited Consolidated Financial Statements			7
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			28
Item 3. Quantitative and Qualitative Disclosures About Market Risk			38
Item 4. Controls and Procedures			39

PART II. OTHER INFORMATION
Item 1. Legal Proceedings			41
Item 1A. Risk Factors			41
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			41
Item 3. Defaults Upon Senior Securities			42
Item 4. Mine Safety Disclosures			42
Item 5. Other Information			42
Item 6. Exhibits			43

Signatures			46

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PART I - FINANCIAL INFORMATION

ITEM 1 — FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

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 (Note 7)

Stockholders’ equity:
Preferred stock; $0.0001 par value; 10,000,000 shares authorized; no shares issued and 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 and 17,261,755, respectively.	1,844		1,815
Treasury stock at cost: 1,024,072 and 889,123 shares at June 30, 2026 and December 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

See accompanying notes to the unaudited consolidated financial statements.

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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, net	385,062		469,042		780,007		983,748
Total other income, net	382,599		467,258		777,172		980,310

Net income (loss) before income taxes	(683,915)		1,205,068		(1,461,438)		1,062,268

Net income (loss)	$	(683,915)	$	1,205,068	$	(1,461,438)	$	1,062,268

Weighted average common shares outstanding – basic	17,450,639		16,947,527		17,484,781		16,980,960
Basic income (loss) per common share	$	(0.04)	$	0.07	$	(0.08)	$	0.06

Weighted average common shares outstanding - 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