ZJK (ZJK) financial statements

· Market cap $123M

ZJK reported revenue of $56M in fiscal 2025, up 31.3% a year over 3 years.

Net income was $10M and the operating margin 16.9%, against 25.3% in 2022.

The diluted share count rose 4% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions.

00.00.00.12022202320242025RevenueFree cash flow
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Income statement

Fiscal years, from ZJK's 10-K filings with the SEC.

Fiscal year2022202320242025
Revenue$25M$29M$38M$56M
Cost of revenue$16M$18M$24M$32M
Gross profit$9M$11M$14M$25M
Research and development$487,543$455,398$548,122$1M
Selling, general and admin$2M$4M$11M$14M
Operating income$6M$6M$2M$9M
Interest expense$124,104$109,003$15,085$23,734
Pre-tax income$8M$9M$5M$14M
Income tax$1M$1M$1M$4M
Net income$7M$8M$4M$10M
EPS (diluted)$0.12$0.13$0.06$0.16
Diluted shares60M60M60M63M
Gross margin36.4%37.9%35.9%43.7%
Operating margin25.3%21.6%4.3%16.9%
Net margin29.4%26.5%9.7%18.2%

Balance sheet

Fiscal years, from ZJK's 10-K filings with the SEC.

Fiscal year2022202320242025
Cash and short-term investments$2M$3M$15M$17M
Receivables—$10M$10M$16M
Inventory—$5M$7M$12M
Total current assets—$29M$43M$60M
Property, plant and equipment—$6M$7M$12M
Total assets—$38M$55M$80M
Total current liabilities—$16M$24M$32M
Total liabilities—$17M$25M$36M
Shareholders' equity$14M$22M$30M$43M
Net debt-$2M-$3M-$12M-$14M

Cash flow

Fiscal years, from ZJK's 10-K filings with the SEC.

Fiscal year2022202320242025
Operating cash flow$814,630$4M$5M$7M
Stock-based compensation———$2M
Net borrowing-$7,698-$2M-$29,314—
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Questions

What was ZJK's revenue in 2025?

$56M in fiscal 2025, from its 10-K filing.

From ZJK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.