v3.26.3
Restructuring, Impairments, and Related Charges (Tables)
 12 Months Ended
Jul. 31, 2026
Restructuring, Impairments, and Related Charges [Abstract]  
Schedule of Restructuring, Impairments, and Related Charges

The following table provides information about restructuring, impairments, and related charges for the Company’s two reportable segments (in thousands):

 

    Restructuring, Impairment, and Related Charges  
    Termination
Benefits(1)		     Facility
Related
Costs(2)		     Impairments
and Assets
Disposal(3)		     Total  
Zedge Marketplace   $ 1,074     $ 140     $ 21     $ 1,235  
GuruShots     391       -       827       1,218  
Fiscal Year Ended July 31, 2025   $ 1,465     $ 140     $ 848     $ 2,453  

 

1) Primarily relates to the global restructuring initiated in January 2025 and consists of termination benefits related to workforce reduction actions across all reporting segments.

 

2) Primarily represents impairment of ROU asset related to the closing of our Norway operations.

 

3) Primarily represents impairment of capitalized software and technology development costs resulting from the strategy assessment related to the restructuring initiative implemented in GuruShots and the loss on disposal of property and equipment related to the closing of our Norway operations.
Schedule of Asset Impairment Charges and Other Asset Disposal Activities These amounts exclude asset impairment charges and other asset disposal activities (in thousands):

 

Restructuring and Related Charges by Segment   Balance at
7/31/24		     Change in
reserves(1)		     Cash
payments		     Other(2)     Balance at
7/31/25(3)		  
Zedge Marketplace   $       -     $ 1,074     $ (1,108 )   $      34     $           -  
GuruShots     -       391       (385 )     -       6  
Total   $ -     $ 1,465     $ (1,493 )   $ 34     $ 6  

 

1) Primarily consists of severance and employee termination costs. The impairment charges and other asset disposals associated with the restructuring implemented in January 2025 that have impacted our property, plant and equipment, intangible balances or other asset balances are not included in this table.

 

2) Primarily comprised of foreign currency translation and other non-cash adjustments.

 

3)

Included in “Accrued expenses and other current liabilities” on the consolidated balance sheets.