Z Squared Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.4M | $0 | $0 | $0 | $75,000 |
| Research and development | $1.3M | $2.3M | $6.7M | $20,887 | $0 |
| Operating expenses | $14.2M | $10.1M | $21.5M | $34.2M | $14.1M |
| Operating income | -$13.0M | -$10.1M | -$21.5M | -$34.2M | -$14.0M |
| Interest expense | $96,744 | $246,116 | $107,685 | $218,412 | $187,133 |
| Pretax income | -$12.3M | -$10.9M | -$21.3M | -$37.6M | -$13.4M |
| Income tax expense | $0 | $0 | $0 | $0 | $0 |
| Net income | -$11.9M | -$10.7M | -$21.3M | -$37.6M | -$13.4M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | — | — | $404,345 |
| Current assets | $7.4M | $1.1M | $1.7M | $3.9M | $2.2M |
| Total assets | $16.2M | $8.9M | $4.6M | $7.9M | $6.8M |
| Current liabilities | $1.8M | $4.5M | $3.0M | $2.2M | $2.8M |
| Total liabilities | $2.1M | $5.0M | $3.8M | $3.5M | $4.4M |
| Stockholders' equity | $13.6M | $3.4M | $813,964 | $4.5M | $2.4M |
| Cash Flow Statement | |||||
| Cash from operations | -$8.6M | -$6.6M | -$7.2M | -$3.9M | -$4.5M |
| Depreciation and amortization | $1.2M | $1.0M | $1.0M | $1.0M | $447,413 |
| Stock-based compensation | — | $1.1M | $477,503 | $0 | $1.9M |
| Share repurchases | — | — | — | — | $247,165 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 51.4M · Free float 89.8%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.