ZDGE
Zedge, Inc. (ZDGE) ESG Analysis Analysis (2026)
No material changes this month.
Environmental
R&D intensity of 3.1% of revenue suggests a relatively light direct environmental footprint versus industrial peers, but it also limits evidence of climate-related transition management.
The very high gross margin indicates an asset-light model that typically reduces energy and materials exposure versus manufacturing peers, though sector-specific emissions data is unavailable.
Near-zero debt-to-equity can support flexibility for environmental compliance spending versus leveraged peers, but it does not itself indicate stronger environmental controls.
No filing-based disclosures on emissions, energy use, or environmental targets were provided, leaving environmental positioning broadly in line with peers rather than clearly advantaged.
Social
Stock-based compensation at 0.25% of revenue is low versus many growth peers, which can reduce dilution-related employee friction but says little about broader workforce practices.
The asset-light profile implied by high gross margins generally lowers workplace safety and supply-chain labor exposure versus heavy-industry peers, though direct labor metrics are absent.
R&D spending at 3.1% of revenue suggests some investment in product capability and talent retention, but it is modest versus software peers with stronger innovation-linked human capital intensity.
No disclosed data on turnover, diversity, training, or customer responsibility was provided, so social positioning appears average relative to peers rather than structurally strong.
Governance
Debt-to-equity of 0.008 indicates very low balance-sheet leverage versus peers, which reduces creditor pressure and supports governance flexibility.
Stock-based compensation at 0.25% of revenue is restrained versus many listed peers, suggesting comparatively disciplined equity dilution and incentive cost control.
The combination of low leverage and modest SBC points to conservative capital allocation, although the absence of board, audit, and ownership disclosures limits a higher score.
Net debt to EBITDA of 31.7 is mathematically elevated, but the near-zero debt-to-equity ratio implies the figure is likely distorted by low EBITDA rather than a peer-leading governance weakness.
Overall Score
ZDGE’s ESG profile is broadly average to slightly above peers, with governance strongest on low leverage and restrained dilution, while environmental and social disclosure remains limited.
Score Driver: Governance Strength From Very Low Leverage And Modest Stock-Based Compensation
Sources
- Company filings (10-K, 10-Q, investor presentations)
- Financial and market data providers
- Public news and industry information
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