Z Squared (NASDAQ: ZSQR) financial statements
The consolidated income statement, balance sheet and cash flow statement of Z Squared for its last 7 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $16.2m in total assets and $13.6m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.4m | $0.0m | $0.0m | $0.0m | $0.1m | — | — |
| Cost of sales | $0.2m | $0.0m | $0.0m | $0.0m | $0.0m | — | — |
| Gross profit | $1.2m | $0.0m | $0.0m | $0.0m | $0.1m | — | — |
| Operating profit | −$13.0m | −$10.1m | −$21.5m | −$34.2m | −$14.0m | −$0.1m | −$0.0m |
| Finance costs | $0.1m | $0.4m | $0.1m | $0.2m | $0.2m | — | — |
| Profit before tax | −$12.3m | −$10.9m | −$21.3m | −$37.6m | −$13.4m | — | — |
| Net profit | −$11.9m | −$10.7m | −$21.3m | −$37.6m | −$13.4m | −$17.3m | −$0.0m |
| Earnings per share | −$2.81 | −$5.65 | −$0.83 | −$2.63 | −$1.23 | −$5.63 | — |
| Diluted earnings per share | −$2.81 | −$5.65 | −$0.83 | −$2.63 | −$1.23 | −$0.03 | $0.00 |
| Depreciation and amortisation | $1.2m | $1.0m | $1.0m | $1.0m | $0.4m | — | — |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Total assets | $16.2m | $8.9m | $4.6m | $7.9m | $6.8m | $76.7m | $0.2m |
| Current assets | $7.4m | $1.1m | $1.7m | $3.9m | $2.2m | $1.0m | $0.0m |
| Property, plant and equipment | $0.0m | $0.0m | $0.0m | $0.0m | $0.0m | — | — |
| Cash | $0.0m | — | — | — | $0.4m | $0.9m | $0.0m |
| Total liabilities | $2.1m | $5.0m | $3.8m | $3.5m | $4.4m | $23.0m | $0.2m |
| Current liabilities | $1.8m | $4.5m | $3.0m | $2.2m | $2.8m | $0.0m | $0.2m |
| Equity | $13.6m | $3.4m | $0.8m | $4.5m | $2.4m | −$5.1m | $0.0m |
| Equity including minorities | $14.1m | $3.9m | $0.8m | $4.5m | $2.4m | −$22.0m | $0.0m |
| Minority interests | $0.5m | $0.5m | $0.0m | $0.0m | — | −$16.9m | $0.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | −$8.6m | −$6.6m | −$7.2m | −$3.9m | −$4.5m | −$0.1m | −$0.0m |
| Investing cash flow | $0.0m | $0.0m | $0.0m | $0.0m | −$1.8m | −$75.8m | — |
| Financing cash flow | $13.7m | $5.7m | $4.9m | $5.5m | $8.2m | $76.8m | $0.0m |
Where each figure comes from
From the annual report (Form 10-K) that Z Squared files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Z Squared page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.