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Zedge Valuation Multiples
Discover revenue and EBITDA valuation multiples for Zedge and similar public comparables like Sleep Cycle, Mobile Factory, Jig.jp, Photomyne and more.
Zedge Overview
About Zedge
Zedge Inc builds digital marketplaces and competitive games centered on content that people use for self-expression. Its products include the Zedge App, a freemium digital content marketplace offering mobile wallpapers, video wallpapers, ringtones, and notification sounds, along with pAInt, a generative AI wallpaper and ringtone maker, GuruShots, a skill-based photo challenge game, and Emojipedia, a trusted source for emoji information. The Zedge App is available on Google Play and the App Store. The company operates two segments: Zedge Marketplace and GuruShots, with the majority of revenue generated from the Zedge Marketplace.
Founded
2008
HQ

Employees
82
Website
Sectors
Financials (LTM)
EV
$22M
Zedge Financials
Zedge reported last 12-month revenue of $30M and EBITDA of $3M.
In the same LTM period, Zedge generated $28M in gross profit, $3M in EBITDA, and had net loss of ($1M).
Revenue (LTM)
Zedge P&L
In the most recent fiscal year, Zedge reported revenue of $29M and EBITDA of $2M.
Zedge expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $30M | XXX | $29M | XXX | XXX | XXX |
| Gross Profit | $28M | XXX | $28M | XXX | XXX | XXX |
| Gross Margin | 93% | XXX | 94% | XXX | XXX | XXX |
| EBITDA | $3M | XXX | $2M | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | (5%) | XXX | (3%) | XXX | XXX | XXX |
| Net Profit | ($1M) | XXX | ($2M) | XXX | XXX | XXX |
| Net Margin | (4%) | XXX | (8%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Zedge Stock Performance
Zedge has current market cap of $40M, and enterprise value of $22M.
Market Cap Evolution
Zedge's stock price is $3.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $22M | $40M | 0.0% | XXX | XXX | XXX | $-0.18 |
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Start Free TrialZedge Valuation Multiples
Zedge trades at 0.7x EV/Revenue multiple, and 6.3x EV/EBITDA.
EV / Revenue (LTM)
Zedge Financial Valuation Multiples
As of April 5, 2026, Zedge has market cap of $40M and EV of $22M.
Equity research analysts estimate Zedge's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Zedge has a P/E ratio of (37.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $40M | XXX | $40M | XXX | XXX | XXX |
| EV (current) | $22M | XXX | $22M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 6.3x | XXX | 12.2x | XXX | XXX | XXX |
| EV/EBIT | (13.5x) | XXX | (28.1x) | XXX | XXX | XXX |
| EV/Gross Profit | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| P/E | (37.0x) | XXX | (16.7x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 7.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Zedge Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Zedge Margins & Growth Rates
Zedge's revenue in the last 12 month grew by 4%.
Zedge's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
Zedge's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Zedge's rule of X is 23% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Zedge Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 33% | XXX | 139% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 23% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 96% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Zedge Public Comps
See public comps and valuation multiples for other Consumer Apps comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Sleep Cycle | XXX | XXX | XXX | XXX | XXX | XXX |
| Mobile Factory | XXX | XXX | XXX | XXX | XXX | XXX |
| Jig.jp | XXX | XXX | XXX | XXX | XXX | XXX |
| Photomyne | XXX | XXX | XXX | XXX | XXX | XXX |
| Flier Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Zedge M&A Activity
Zedge acquired XXX companies to date.
Last acquisition by Zedge was on XXXXXXXX, XXXXX. Zedge acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Zedge
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialZedge Investment Activity
Zedge invested in XXX companies to date.
Zedge made its latest investment on XXXXXXXX, XXXXX. Zedge invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Zedge
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Zedge
| When was Zedge founded? | Zedge was founded in 2008. |
| Where is Zedge headquartered? | Zedge is headquartered in United States. |
| How many employees does Zedge have? | As of today, Zedge has over 82 employees. |
| Who is the CEO of Zedge? | Zedge's CEO is Jonathan Reich. |
| Is Zedge publicly listed? | Yes, Zedge is a public company listed on NYSE American. |
| What is the stock symbol of Zedge? | Zedge trades under ZDGE ticker. |
| When did Zedge go public? | Zedge went public in 2016. |
| Who are competitors of Zedge? | Zedge main competitors are Sleep Cycle, Mobile Factory, Jig.jp, Photomyne. |
| What is the current market cap of Zedge? | Zedge's current market cap is $40M. |
| What is the current revenue of Zedge? | Zedge's last 12 months revenue is $30M. |
| What is the current revenue growth of Zedge? | Zedge revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Zedge? | Current revenue multiple of Zedge is 0.7x. |
| Is Zedge profitable? | Yes, Zedge is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Zedge? | Zedge's last 12 months EBITDA is $3M. |
| What is Zedge's EBITDA margin? | Zedge's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of Zedge? | Current EBITDA multiple of Zedge is 6.3x. |
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