ZSQR (ZSQR) financial statements
ZSQR reported revenue of $1M in fiscal 2025, up 106.5% a year over 4 years.
Net income was -$12M.
The diluted share count rose 4792% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ZSQR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | $75,000 | $0 | $0 | $0 | $1M |
| Cost of revenue | — | — | $0 | $0 | $0 | $0 | $180,625 |
| Gross profit | — | — | $75,000 | $0 | $0 | $0 | $1M |
| Research and development | — | — | $0 | $20,887 | $7M | $2M | $1M |
| Selling, general and admin | — | — | $14M | $3M | $1M | $945,641 | — |
| Operating income | -$2,234 | -$68,430 | -$14M | -$34M | -$21M | -$10M | -$13M |
| Interest expense | — | — | $187,133 | $218,412 | $107,685 | $246,116 | $96,744 |
| Pre-tax income | — | — | -$13M | -$38M | -$21M | -$11M | -$12M |
| Income tax | — | — | $0 | $0 | $0 | $0 | $0 |
| Net income | -$2,234 | -$17M | -$13M | -$38M | -$21M | -$11M | -$12M |
| EPS (diluted) | $0.00 | -$112.60 | $32.40 | -$52.60 | -$16.56 | -$5.56 | -$2.81 |
| Diluted shares | 0M | 0M | 0M | 1M | 1M | 2M | 4M |
| Gross margin | — | — | 100.0% | — | — | — | 86.7% |
| Operating margin | — | — | -18727.9% | — | — | — | -956.9% |
| Net margin | — | — | -17932.4% | — | — | — | -874.3% |
Balance sheet
Fiscal years, from ZSQR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $505 | $907,184 | $404,345 | $4M | $1M | $532,885 | $677,998 |
| Receivables | — | — | $0 | $8,075 | $0 | $0 | — |
| Total current assets | $505 | $958,999 | $2M | $4M | $2M | $1M | $1,402 |
| Property, plant and equipment | — | — | $13,926 | $12,542 | $11,306 | $10,460 | $0 |
| Goodwill | — | — | — | — | — | — | $0 |
| Total assets | $171,545 | $77M | $7M | $8M | $5M | $9M | $1,402 |
| Total current liabilities | $155,852 | $5,000 | $3M | $2M | $3M | $5M | $120 |
| Long-term debt | — | — | $2M | $150,000 | $150,000 | $150,000 | $150,000 |
| Total liabilities | $155,852 | $23M | $4M | $3M | $4M | $5M | $120 |
| Shareholders' equity | $15,693 | -$5M | $2M | $4M | $813,964 | $3M | $1,282 |
| Net debt | -$505 | -$907,184 | $1M | -$4M | -$1M | -$382,885 | $148,598 |
Cash flow
Fiscal years, from ZSQR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1,784 | -$115,695 | -$4M | -$4M | -$7M | -$7M | -$9M |
| Stock-based compensation | — | — | $2M | $0 | $477,503 | $1M | — |
| Share buybacks (net) | — | — | -$247,165 | — | — | — | — |
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What was ZSQR's revenue in 2025?
$1M in fiscal 2025, from its 10-K filing.
From ZSQR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.