Stocktoria
Z Squared Inc. ZSQR
Nasdaq · XNAS · stock · Finance Services · website · IPO 2020-12-17
Chart by TradingView
5/9
Piotroski F — financial health
-18.52
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $1.4M | $0 | $0 | $0 | $75,000 |
| Gross profit | $1.2M | $0 | $0 | $0 | $75,000 |
| Operating income | -$13.0M | -$10.1M | -$21.5M | -$34.2M | -$14.0M |
| Net income | -$11.9M | -$10.7M | -$21.3M | -$37.6M | -$13.4M |
| Operating cash flow | -$8.6M | -$6.6M | -$7.2M | -$3.9M | -$4.5M |
| Total assets | $16.2M | $8.9M | $4.6M | $7.9M | $6.8M |
| Total liabilities | $2.1M | $5.0M | $3.8M | $3.5M | $4.4M |
| Shareholders' equity | $13.6M | $3.9M | $813,963 | $4.5M | $2.4M |
| Ratios | |||||
| Gross margin | 86.7% | — | — | — | 100.0% |
| Operating margin | -956.9% | — | — | — | -18727.9% |
| Net margin | -874.3% | — | — | — | -17932.4% |
| Return on assets | -73.8% | -119.9% | -465.2% | -474.7% | -198.8% |
| Return on equity | -87.9% | -276.2% | -2612.7% | -843.7% | -572.2% |
| Debt / equity | 0.01× | 0.04× | 0.18× | 0.03× | 0.70× |
| Current ratio | 4.16 | 0.23 | 0.59 | 1.81 | 0.79 |
| Revenue growth | — | — | — | -100.0% | — |
Why these scores methodology →
Piotroski F-score: 5/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -18.52 (distress)
- Working capital / assets 0.346
- Retained earnings / assets -6.807
- EBIT / assets -0.807
- Equity / liabilities 6.502
Sector peers
IX · MUFG · MFG · NMR · UNH · CI · all Finance, Insurance & Real Estate →
Source: SEC EDGAR filings · CIK 0001759186 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.