ZSQR · Z Squared Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“The Annual Report and the registrant's audited financial statements for the year ended December 31, 2025 contained an explanatory paragraph from the registrant's independent registered public accounting firm expressing substantial doubt about its ability to continue as a going concern. As disclosed in the Registration Statement, Old Z Squared's historical financial statements have similarly reflected substantial doubt about Old Z Squared's ability to continue as a going concern. Neither the Merger nor the Spin-Out, individually, has eliminated those concerns.”View the 10-Q filed Aug 13, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| $3M | $1.36M | $0 | $0 | $0 | $75K | — | — | |
| $3.53M | $180.63K | $0 | $0 | $0 | $0 | — | — | |
| -$532.63K | $1.18M | $0 | $0 | $0 | $75K | — | — | |
| — | 86.75% | — | — | — | 100% | — | — | |
| $1.43M | $1.28M | $2.33M | $6.67M | $20.89K | $0 | — | — | |
| — | $105K | $0 | $12.71K | $8331 | $2918 | — | — | |
| $1.36M | — | $945.64K | $1.03M | $3.05M | $14.12M | — | — | |
| $1.12M | $1M | $1M | — | — | — | — | — | |
| $1.79M | $1.18M | $1M | $1M | $1M | $447.41K | — | — | |
| $26.16M | $14.23M | $10.05M | $21.49M | $34.2M | $14.12M | — | — | |
| -$26.7M | -$13.04M | -$10.05M | -$21.49M | -$34.2M | -$14.05M | -$68.43K | -$2234 | |
| — | -956.94% | — | — | — | -18727.91% | — | — | |
| -$24.9M | -$11.86M | -$9.05M | -$20.49M | -$33.19M | -$13.6M | — | — | |
| $30.74K | $96.74K | $246.12K | $107.69K | $218.41K | $187.13K | — | — | |
| $23.87K | $766.31K | -$822.92K | $224.59K | -$3.38M | $596.65K | — | — | |
| — | -$163.5K | $0 | — | — | — | — | — | |
| -$26.67M | -$12.28M | -$10.88M | -$21.27M | -$37.57M | -$13.45M | — | — | |
| $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| -$22.29M | -$11.92M | -$10.68M | -$21.27M | -$37.57M | -$13.45M | -$17.28M | -$2234 | |
| — | -874.29% | — | — | — | -17932.37% | — | — | |
| -$248.05K | -$360.18K | -$196.96K | $0 | — | — | — | — | |
| — | — | -$10.88M | -$21.27M | — | — | — | — | |
| USD/shares | -$2.64 | -$2.81 | -$5.56 | -$16.56 | -$52.60 | -$24.60 | -$112.60 | — |
| USD/shares | -$2.64 | -$2.81 | -$5.56 | -$16.56 | -$52.60 | -$24.60 | — | — |
| shares | — | 4.23M | 1.92M | 1.28M | 714.78K | 545.73K | 59.59K | 86.56K |
| shares | — | 4.23M | 1.92M | 1.28M | 714.78K | 545.73K | 59.59K | 86.56K |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Noncurrent debt carrying amount | 2026-03-31 | USD 150,000 | 10-Q filed 2026-05-15 |
| Operating lease liabilities | 2026-03-31 | USD 93,353 | 10-Q filed 2026-05-15 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 64 similar-size Software - Infrastructure companies (of 152 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 |
|---|---|---|
| Technology | $1,363,045 | $0 |
| Biotechnology | $0 | $0 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Advertising Campaigns | $1,250,545 | — | — | — | — |
| Webinar Services | $112,500 | — | — | — | — |
| Consulting Services | — | — | $0 | $0 | $75,000 |
| Other Sales | — | — | — | $0 | $0 |
| Sale | — | $0 | $0 | $0 | — |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 |
|---|---|---|
| Technology | $497,473 | $0 |
| Biotechnology | -$13,540,971 | -$10,054,488 |
Operating Margin by Segment (%)
| Component | FY2025 |
|---|---|
| Technology | 36.5% |