For the twelve months ended Jun 30, 2026, Z Squared Inc. reported $2.80M of revenue and -$17.96M of net income.
ZSQR revenue was $1.58M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $0 a year earlier and up about 14-fold from the prior quarter. For the full fiscal 2025 it was $1.36M, compared with $0 in fiscal 2024. Fiscal 2025 is the highest of the 5 fiscal years on file.
ZSQR net income was -$13.79M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $0 a year earlier. For the full fiscal 2025 it was -$11.92M, compared with -$10.68M in fiscal 2024.
ZSQR diluted EPS was -$0.28 in fiscal Q2 2026 (ended Jun 30, 2026), compared with $0.00 a year earlier. For the full fiscal 2025 it was -$2.81.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.36M | $0 | $0 | $0 | $75.0K | - | - |
| Cost of revenue | $180.6K | $0 | $0 | $0 | $0 | - | - |
| Gross profit | $1.18M | $0 | $0 | $0 | $75.0K | - | - |
| Research and development | $1.28M | $2.33M | $6.67M | $20.9K | $0 | - | - |
| Selling, general and admin | - | $945.6K | $1.03M | $3.05M | $14.12M | - | - |
| Operating income | -$13.04M | -$10.05M | -$21.49M | -$34.20M | -$14.05M | -$68.4K | -$2.2K |
| Interest expense | $96.7K | $246.1K | $107.7K | $218.4K | $187.1K | - | - |
| Pre-tax income | -$12.28M | -$10.88M | -$21.27M | -$37.57M | -$13.45M | - | - |
| Income tax | $0 | $0 | $0 | $0 | $0 | - | - |
| Net income | -$11.92M | -$10.68M | -$21.27M | -$37.57M | -$13.45M | -$17.28M | -$2.2K |
| EPS, basic | -$2.81 | -$5.56 | -$16.56 | -$2.63 | -$1.23 | -$5.63 | $0.00 |
| EPS, diluted | -$2.81 | -$5.56 | -$16.56 | -$2.63 | -$1.23 | -$5.63 | $0.00 |
| Diluted shares | 4.2M | 1.9M | 1.3M | 14.3M | 10.9M | 1.2M | 1.7M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.4K | $0 | $1.47M | $3.79M | $2.18M | $203.0K | $505 |
| Short-term investments | $676.6K | $0 | - | - | - | - | - |
| Receivables | - | $0 | $0 | $8.1K | $0 | - | - |
| Current assets | $1.4K | $1.05M | $1.75M | $3.94M | $2.18M | $959.0K | $505 |
| Goodwill | $0 | - | - | - | - | - | - |
| Total assets | $1.4K | $8.91M | $4.57M | $7.92M | $6.77M | $76.71M | $171.5K |
| Current liabilities | $120 | $4.51M | $2.99M | $2.17M | $2.76M | $5.0K | $155.9K |
| Long-term debt | $150.0K | $150.0K | $150.0K | $150.0K | $1.65M | - | - |
| Total debt | $150.0K | $150.0K | $150.0K | $150.0K | $1.65M | - | - |
| Total liabilities | $120 | $5.04M | $3.76M | $3.46M | $4.41M | $22.95M | $155.9K |
| Shareholders' equity | $1.3K | -$120 | $814.0K | $4.45M | $2.35M | -$5.14M | $15.7K |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.60M | -$6.65M | -$7.24M | -$3.88M | -$4.49M | -$115.7K | -$1.8K |
| Investing cash flow | $0 | $0 | $0 | $0 | -$1.75M | -$75.75M | - |
| Financing cash flow | $13.74M | $5.71M | $4.92M | $5.49M | $8.22M | $76.77M | $2.3K |
| Share repurchases | - | - | - | - | $247.2K | - | - |
| Stock-based compensation | - | $1.10M | $477.5K | $0 | $1.90M | - | - |
| Depreciation and amortization | $1.18M | $1.00M | $1.00M | $1.00M | $447.4K | - | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | - | -100.0% | - | - | - |
| Gross margin | 86.7% | - | - | - | 100.0% | - | - |
| Operating margin | -956.9% | - | - | - | -18727.9% | - | - |
| Net margin | -874.3% | - | - | - | -17932.4% | - | - |
| Return on equity | -929564.4% | - | -2612.7% | -843.7% | -572.2% | - | -14.2% |
| Return on assets | -850001.1% | -119.9% | -465.2% | -474.7% | -198.8% | -22.5% | -1.3% |
| Current ratio | 11.68 | 0.23 | 0.59 | 1.81 | 0.79 | 191.80 | 0.00 |
| Debt to equity | 117.00 | - | 0.18 | 0.03 | 0.70 | - | - |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.58M | $113.8K | $862.0K | $237.4K | $0 | $62.9K | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $3.35M | $45.2K | $45.2K | $45.2K | $0 | $45.2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross profit | -$1.77M | $68.6K | $816.9K | $192.3K | $0 | $17.7K | $0 | $0 | $0 | $0 | $0 | $0 |
| Research and development | - | $235.5K | $312.9K | $587.3K | $290.3K | $86.7K | $343.9K | $811.8K | $398.8K | $777.1K | $1.01M | $5.07M |
| Selling, general and admin | - | - | - | $201.1K | $527.0K | $269.1K | $361.0K | $173.1K | $239.0K | $172.6K | $338.5K | $272.1K |
| Operating income | -$13.79M | -$3.91M | -$1.99M | -$2.48M | $0 | -$4.06M | -$2.16M | -$2.14M | -$2.83M | -$2.92M | -$3.37M | -$7.90M |
| Interest expense | $226 | $5.3K | -$105.1K | $62.6K | $0 | $71.5K | -$71.4K | $50.9K | $66.1K | $200.5K | $13.8K | $19.8K |
| Pre-tax income | -$13.79M | -$4.02M | -$1.62M | -$2.90M | $0 | -$3.42M | -$3.01M | -$1.83M | -$3.04M | -$3.00M | -$3.76M | -$6.35M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$13.79M | -$30 | -$1.26M | -$2.90M | $0 | -$3.42M | -$2.81M | -$1.83M | -$3.04M | -$3.00M | -$3.76M | -$6.35M |
| EPS, basic | -$0.28 | -$0.65 | - | -$0.58 | $0.00 | -$1.10 | - | -$0.05 | -$0.08 | -$0.08 | - | -$0.24 |
| EPS, diluted | -$0.28 | -$0.65 | - | -$0.58 | $0.00 | -$1.10 | - | -$0.05 | -$0.08 | -$0.08 | - | -$0.24 |
| Diluted shares | 49.8M | 6.0M | - | 4.7M | 43.9M | 3.1M | - | 39.8M | 37.6M | 35.5M | - | 26.7M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $15.49M | $5.21M | $1.4K | $4.91M | $0 | $4.27M | $0 | $1.14M | $1.56M | $1.03M | $1.47M | $1.41M |
| Short-term investments | - | $50.6K | $676.6K | $421.7K | $990.6K | - | $0 | - | - | - | - | - |
| Receivables | - | - | - | $82.5K | $30.0K | - | $0 | - | - | - | $0 | $0 |
| Current assets | $15.53M | $5.91M | $1.4K | $5.99M | $3.69M | $4.65M | $1.05M | $1.36M | $1.99M | $1.38M | $1.75M | $1.62M |
| Goodwill | $106.93M | - | $0 | - | - | - | - | - | - | - | - | - |
| Total assets | $134.51M | $19.79M | $1.4K | $14.18M | $12.19M | $13.45M | $8.91M | $8.96M | $4.20M | $3.89M | $4.57M | $4.67M |
| Current liabilities | $2.03M | $1.82M | $120 | $2.71M | $4.48M | $5.65M | $4.51M | $3.44M | $3.63M | $4.30M | $2.99M | $2.23M |
| Long-term debt | - | $150.0K | $150.0K | $150.0K | $150.0K | - | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K |
| Total debt | - | $150.0K | $150.0K | $150.0K | $150.0K | - | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K |
| Total liabilities | $2.03M | $2.21M | $120 | $3.26M | $5.11M | $5.99M | $5.04M | $3.97M | $4.51M | $5.03M | $3.76M | $2.78M |
| Shareholders' equity | $132.48M | $1.3K | $1.3K | $10.37M | -$120 | -$120 | -$120 | $4.98M | -$310.1K | -$1.14M | $814.0K | $1.89M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.56M | -$1.76M | -$1.69M | -$6.92M | $2.37M | -$2.37M | -$1.44M | -$1.89M | -$1.42M | -$1.90M | -$1.69M | -$1.96M |
| Investing cash flow | -$591.5K | $591.5K | $0 | $0 | $0 | $0 | $100.0K | $0 | $0 | -$100.0K | $0 | $350.0K |
| Financing cash flow | $14.99M | $704.3K | $2.45M | $11.29M | -$6.10M | $6.10M | $732.0K | $1.47M | $1.94M | $1.56M | $1.75M | -$224.9K |
| Stock-based compensation | $5.95M | $1.08M | - | - | - | - | $299.6K | $96.9K | $611.6K | $96.9K | $128.5K | $113.3K |
| Depreciation and amortization | $862.2K | $295.3K | $295.3K | $885.9K | $250.0K | $295.3K | $250.2K | $250.0K | $250.0K | $250.2K | $250.3K | $250.0K |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | 81.0% | - | - | - | - | - | - | - | - | - | - |
| Gross margin | -111.5% | 60.3% | 94.8% | 81.0% | - | 28.2% | - | - | - | - | - | - |
| Operating margin | -871.2% | -3440.8% | -230.6% | -1043.2% | - | -6452.6% | - | - | - | - | - | - |
| Net margin | -871.2% | -0.0% | -146.5% | -1220.8% | - | -5440.9% | - | - | - | - | - | - |
| Current ratio | 7.66 | 3.25 | 11.68 | 2.21 | 0.83 | 0.82 | 0.23 | 0.40 | 0.55 | 0.32 | 0.59 | 0.73 |
| Debt to equity | - | 119.81 | 117.00 | 0.01 | - | - | - | 0.03 | - | - | 0.18 | 0.08 |
Source: XBRL data Z Squared Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ZSQR | $2.80M | +4348.2% | -$17.96M | -642.0% | $121.9M |
| AXP | $77.59B | +10.2% | $12.26B | 15.8% | $216.90B |
| SPGI | $17.21B | +18.2% | $4.99B | 29.0% | $137.23B |
| MCO | $8.18B | +9.0% | $2.88B | 35.3% | $88.05B |
| NU | $15.77B | +37.0% | $2.87B | 18.2% | $58.66B |
| RKT | $11.46B | +90.4% | $1.30B | 11.4% | $41.01B |
| COIN | $5.63B | -26.6% | -$701.62M | -12.5% | $34.98B |
| AFRM | $4.59B | +32.7% | $2.01B | 43.9% | $22.36B |
| SYF | $19.31B | +2.6% | $3.33B | 17.3% | $22.33B |