balance equationreview2024-12-31
Difference 3867346 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
Revenue
$1.36M
Fiscal year ended 2025-12-31Net income
-$11.92M
Fiscal year ended 2025-12-31Total assets
$1.40K
Fiscal year ended 2025-12-31Z Squared Inc. (ZSQR) reported revenue of $1.36M and net income of -$11.92M for the fiscal year ended 2025-12-31. This page shows 5 annual periods of income statement, balance sheet and cash flow figures normalized from Z Squared Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Finance Services.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $1.36M | $0 | $0 | $0 | $75.00K |
| Cost of revenue | $180.62K | $0 | $0 | $0 | $0 |
| Gross profit | $1.18M | $0 | $0 | $0 | $75.00K |
| Operating income | -$13.04M | -$10.05M | -$21.49M | -$34.20M | -$14.05M |
| Net income | -$11.92M | -$10.68M | -$21.27M | -$37.57M | -$13.45M |
| Research & development | $1.28M | $2.33M | $6.67M | $20.89K | $0 |
| Weighted-average diluted shares | shares 4.23M | shares 1.92M | shares 1.28M | shares 14.30M | shares 10.91M |
| Pretax income | -$12.28M | -$10.88M | -$21.27M | -$37.57M | -$13.45M |
| Income tax expense | $0 | $0 | $0 | $0 | $0 |
| Diluted EPS | $-2.81 | $-5.56 | $-16.56 | $-2.63 | $-1.23 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | $3.06M | $14.12M |
| General & administrative | Unavailable | $945.64K | $1.03M | $3.05M | $14.12M |
| Selling & marketing | $105.00K | $0 | $12.71K | $8.33K | $2.92K |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.40K | Unavailable | Unavailable | Unavailable | $404.34K |
| Total assets | $1.40K | $8.91M | $4.57M | $7.92M | $6.77M |
| Current assets | $1.40K | $1.05M | $1.75M | $3.94M | $2.18M |
| Total liabilities | $120 | $5.04M | $3.76M | $3.46M | $4.41M |
| Current liabilities | $120 | $4.51M | $2.99M | $2.17M | $2.76M |
| Total equity incl. NCI | $1.28K | -$120 | $813.96K | $4.45M | $2.35M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | $75.76M |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | $0 | $0 | $8.08K | $0 |
| Goodwill | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $150.00K | $150.00K | $150.00K | $150.00K | $1.65M |
| Accounts payable | $0 | $1.27M | $1.42M | $99.02K | $134.09K |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Operating cash flow | -$8.60M | -$6.65M | -$7.24M | -$3.88M | -$4.49M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | $0 | $0 | $0 | $0 | -$1.75M |
| Financing cash flow | $13.74M | $5.71M | $4.92M | $5.49M | $8.22M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Stock-based compensation | Unavailable | $1.10M | $477.50K | $0 | $1.90M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | $247.16K |
| Depreciation & amortization | $1.18M | $1.00M | $1.00M | $1.00M | $447.41K |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 86.7% | Unavailable | Unavailable | Unavailable | 100.0% |
| Operating margin | -956.9% | Unavailable | Unavailable | Unavailable | -18727.9% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | 2530.1% |
| Current ratio | 11.68x | 0.23x | 0.59x | 1.81x | 0.79x |
| Revenue YoY growth | Unavailable | Unavailable | Unavailable | -100.0% | Unavailable |
| Net margin | -874.3% | Unavailable | Unavailable | Unavailable | -17932.4% |
| R&D / revenue | 93.7% | Unavailable | Unavailable | Unavailable | 0.0% |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ZSQR in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-15View SEC filing
10-K · Filed 2026-03-19View SEC filing
10-Q · Filed 2025-11-14View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-14View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2021-12-31
Difference 75758781 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.