NASDAQ : ZCMD
Zhongchao Inc. — Financial statements
Healthcare · Health Information Services · China
Last price 1.1 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.88M
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Financial statements
Zhongchao Inc. (ZCMD) reported revenue of 6.61M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.61M | 11.37M | 15.86M | 19.43M | 14.15M | 16.30M |
| Cost of Revenue | 4.15M | 6.25M | 6.95M | 10.92M | 7.79M | 6.86M |
| Gross Profit | 2.47M | 5.12M | 8.91M | 8.51M | 6.36M | 9.44M |
| Selling, General & Admin | 12.20M | 11.30M | 9.00M | 13.41M | 8.90M | 9.00M |
| Research & Development | 73.00 | 8.09K | 252.45K | 514.41K | 411.52K | 758.88K |
| Operating Expenses | 12.20M | 11.31M | 9.25M | 13.92M | 9.31M | 9.76M |
| Operating Income | -9.73M | -6.19M | -341.27K | -5.41M | -2.95M | -320.74K |
| Interest & Investment Income | 303.87K | 343.13K | 243.01K | 237.05K | 142.01K | 175.99K |
| Earnings From Equity Investments | -368.00 | -368.00 | -24.50K | -229.00 | -80.00 | -13.76K |
| Other Non Operating Income (Expenses) | -1.11M | 71.70K | 75.57K | 414.99K | 405.24K | 106.16K |
| EBT Excluding Unusual Items | -10.54M | -5.78M | -47.19K | -4.76M | -2.41M | -52.35K |
| Impairment of Goodwill | -5.62M | |||||
| Gain (Loss) on Sale of Investments | 8.08K | 8.08K | 108.95K | 654.98K | -239.64K | -58.40K |
| Gain (Loss) on Sale of Assets | -1.72M | 96.92K | ||||
| Asset Writedown | -536.21K | |||||
| Pretax Income | -10.53M | -5.77M | 61.76K | -11.98M | -2.55M | -110.75K |
| Income Tax Expense | -130.71K | 46.18K | 335.17K | -669.76K | 272.31K | -349.42K |
| Earnings From Continuing Operations | -10.40M | -5.81M | -273.41K | -11.31M | -2.82M | 238.66K |
| Minority Interest in Earnings | -244.44K | -495.29K | -369.82K | -28.67K | -118.57K | |
| Net Income | -10.64M | -6.31M | -643.23K | -11.34M | -2.94M | 238.66K |
| Net Income to Common | -10.64M | -6.31M | -643.23K | -11.34M | -2.94M | 238.66K |
| Shares Outstanding (Basic) | 64.82K | 18.38K | ||||
| Shares Outstanding (Diluted) | 64.82K | 18.38K | ||||
| EPS (Basic) | -164.19 | -343.35 | ||||
| EPS (Diluted) | -164.19 | -343.35 | ||||
| Free Cash Flow | -2.66M | 692.83K | -4.52M | -785.51K | -2.52M | 1.06M |
| Free Cash Flow Per Share | -40.99 | 37.70 | ||||
| Gross Margin | 37.30% | 45.02% | 56.18% | 43.80% | 44.92% | 57.92% |
| Operating Margin | -147.09% | -54.43% | -2.15% | -27.84% | -20.88% | -1.97% |
| Profit Margin | -160.90% | -55.47% | -4.05% | -58.33% | -20.78% | 1.46% |
| Free Cash Flow Margin | -40.17% | 6.09% | -28.48% | -4.04% | -17.83% | 6.52% |
| EBITDA | -9.44M | -5.90M | -110.16K | -4.90M | -2.59M | -2.32K |
| EBITDA Margin | -142.78% | -51.88% | -0.69% | -25.23% | -18.33% | -0.01% |
| D&A For EBITDA | 285.17K | 290.18K | 231.11K | 507.93K | 361.06K | 318.42K |
| EBIT | -9.73M | -6.19M | -341.27K | -5.41M | -2.95M | -320.74K |
| EBIT Margin | -147.09% | -54.43% | -2.15% | -27.84% | -20.88% | -1.97% |
| Effective Tax Rate | 542.73% | |||||
| Revenue as Reported | 6.61M | 11.37M | 15.86M | 19.43M | 14.15M | 16.30M |
| Advertising Expenses | 439.90K | 2.52M | 4.20M | 989.90K | 2.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.75M | 8.10M | 7.84M | 7.55M | 11.52M | 13.91M |
| Short-Term Investments | 7.60M | 5.82M | 5.24M | 5.90M | 518.42K | 296.16K |
| Cash & Short-Term Investments | 17.34M | 13.92M | 13.08M | 13.45M | 12.04M | 14.21M |
| Accounts Receivable | 933.89K | 2.78M | 4.68M | 2.55M | 6.77M | 9.22M |
| Other Receivables | 99.30K | 98.11K | 181.34K | 294.45K | 78.95K | |
| Receivables | 933.89K | 2.88M | 4.78M | 3.02M | 8.91M | 11.96M |
| Inventory | 586.22K | 592.38K | 189.11K | |||
| Prepaid Expenses | 45.61K | |||||
| Other Current Assets | 234.43K | 157.50K | 256.81K | 1.66M | 1.57M | 1.04M |
| Total Current Assets | 18.51M | 16.96M | 18.71M | 18.71M | 22.70M | 27.25M |
| Property, Plant & Equipment | 5.82M | 5.90M | 5.96M | 4.02M | 5.56M | 4.13M |
| Long-Term Investments | 1.17M | 1.23M | 1.09M | 1.31M | 1.26M | 2.14M |
| Goodwill | 5.77M | |||||
| Other Intangible Assets | 7.61K | 12.18K | 17.54K | 912.05K | 30.26K | |
| Long-Term Deferred Tax Assets | 44.19K | 119.42K | 357.88K | 1.86M | 2.18M | |
| Other Long-Term Assets | 41.18K | 544.27K | 534.58K | |||
| Total Assets | 25.54M | 24.15M | 25.88M | 24.42M | 38.61M | 36.27M |
| Accounts Payable | 205.98K | 526.10K | 535.07K | 683.94K | 140.83K | 38.93K |
| Accrued Expenses | 221.00K | 758.31K | 527.35K | 766.63K | 676.58K | 917.62K |
| Current Portion of Leases | 26.08K | 33.69K | 236.29K | 480.63K | 88.97K | |
| Current Income Taxes Payable | 6.73K | 2.29M | 2.48M | |||
| Current Unearned Revenue | 150.01K | 203.79K | 838.84K | 395.26K | 7.43K | |
| Other Current Liabilities | 66.13K | 230.53K | 145.93K | 178.96K | 57.19K | |
| Total Current Liabilities | 426.99K | 1.53M | 1.53M | 2.68M | 4.17M | 3.59M |
| Long-Term Leases | 23.83K | 571.86K | 1.22M | 112.59K | ||
| Long-Term Deferred Tax Liabilities | 41.67K | 22.26K | 179.64K | 128.25K | 208.20K | |
| Total Liabilities | 468.66K | 1.55M | 1.73M | 3.38M | 5.60M | 3.70M |
| Common Stock | 6.00 | 30.89K | 25.39K | 2.61K | 2.60K | 2.50K |
| Additional Paid-In Capital | 40.40M | 34.48M | 29.06M | 25.13M | 25.00M | 22.99M |
| Retained Earnings | -18.15M | -12.85M | -6.54M | -5.90M | 5.44M | 8.38M |
| Comprehensive Income & Other | -1.12M | -3.03M | -1.71M | -1.23M | -511.82K | 1.20M |
| Total Common Equity | 21.14M | 18.63M | 20.84M | 18.01M | 29.93M | 32.57M |
| Minority Interest | 3.94M | 3.97M | 3.31M | 3.03M | 3.09M | |
| Shareholders' Equity | 25.07M | 22.60M | 24.15M | 21.04M | 33.02M | 32.57M |
| Total Liabilities & Equity | 25.54M | 24.15M | 25.88M | 24.42M | 38.61M | 36.27M |
| Total Debt | 26.08K | 57.52K | 808.16K | 1.70M | 201.56K | |
| Net Cash (Debt) | 17.34M | 13.90M | 13.03M | 12.64M | 10.34M | 14.01M |
| Net Cash Per Share | 267.56 | 756.15 | ||||
| Filing Date Shares Outstanding | 581.42K | 20.72K | 16.97K | |||
| Total Common Shares Outstanding | 581.42K | 20.67K | 16.97K | |||
| Working Capital | 18.08M | 15.44M | 17.18M | 16.03M | 18.54M | 23.67M |
| Book Value Per Share | 36.35 | 901.43 | 1,227.85 | |||
| Tangible Book Value | 21.14M | 18.62M | 20.83M | 17.99M | 23.25M | 32.54M |
| Tangible Book Value Per Share | 36.35 | 901.06 | 1,227.14 | |||
| Land | 6.54M | 6.21M | 3.35M | 4.11M | 4.06M | |
| Machinery | 15.33K | 8.41K | 18.29K | 111.62K | 495.74K | |
| Leasehold Improvements | 50.32K | 51.73K | 53.25K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.64M | -6.31M | -643.23K | -11.34M | -2.94M | 238.66K |
| Depreciation & Amortization | 311.19K | 321.67K | 428.36K | 913.05K | 708.09K | 679.79K |
| Other Amortization | 10.56K | 22.23K | 23.18K | |||
| Loss (Gain) From Sale of Assets | 24.53K | 24.53K | 863.00 | 1.69M | -96.92K | |
| Asset Writedown & Restructuring Costs | 6.15M | |||||
| Loss (Gain) From Sale of Investments | 45.30K | -1.04K | -113.75K | -736.02K | 305.88K | 58.40K |
| Loss (Gain) on Equity Investments | 80.00 | 13.76K | ||||
| Stock-Based Compensation | 5.40M | 3.71M | 109.71K | 135.55K | 160.78K | 211.82K |
| Provision & Write-off of Bad Debts | 487.93K | 873.84K | 85.64K | 1.25M | 753.45K | 1.45M |
| Other Operating Activities | 1.22M | 412.80K | 657.47K | -710.55K | 252.70K | -1.35M |
| Change in Accounts Receivable | 2.19M | 1.17M | -2.32M | 2.79M | 1.08M | -104.23K |
| Change in Inventory | 5.34K | 595.34K | -10.17K | -409.77K | -193.83K | |
| Change in Accounts Payable | -760.01K | -31.53K | -132.05K | 548.59K | 103.83K | -375.14K |
| Change in Unearned Revenue | -61.00K | -61.00K | -620.95K | 456.08K | 369.25K | 496.00 |
| Change in Income Taxes | -102.33K | 3.56K | 905.73K | |||
| Change in Other Net Operating Assets | -731.98K | 141.72K | 1.08M | -594.85K | -1.19M | 1.11M |
| Operating Cash Flow | -2.50M | 845.39K | -1.47M | 54.23K | -661.74K | 2.86M |
| Capital Expenditures | -152.56K | -152.56K | -3.05M | -839.74K | -1.86M | -1.80M |
| Sale of Property, Plant & Equipment | 31.63K | 1.11M | ||||
| Cash Acquisitions | -3.05M | |||||
| Investment in Securities | -1.41M | -674.04K | 959.49K | -4.72M | -462.75K | 820.24K |
| Other Investing Activities | 220.31K | 139.69K | -387.55K | |||
| Investing Cash Flow | -1.57M | -826.60K | -1.81M | -3.75M | -3.35M | -4.02M |
| Issuance of Common Stock | 4.75M | 3.84M | 1.85M | |||
| Financing Cash Flow | 4.75M | 3.84M | 1.85M | |||
| Foreign Exchange Rate Adjustments | 158.67K | 237.98K | -264.59K | -271.33K | -236.88K | -2.53K |
| Net Cash Flow | 834.85K | 256.77K | 292.61K | -3.97M | -2.39M | -1.16M |
| Free Cash Flow | -2.66M | 692.83K | -4.52M | -785.51K | -2.52M | 1.06M |
| Free Cash Flow Margin | -40.17% | 6.09% | -28.48% | -4.04% | -17.83% | 6.52% |
| Free Cash Flow Per Share | -40.99 | 37.70 | ||||
| Levered Free Cash Flow | -1.19M | 2.59M | -4.02M | 996.41K | -254.62K | -1.06M |
| Unlevered Free Cash Flow | -1.19M | 2.59M | -4.02M | 996.41K | -254.62K | -1.06M |
| Cash Income Tax Paid | 37.56K | 126.59K | 45.94K | 114.50K | 134.23K | 91.46K |
| Change in Working Capital | 640.35K | 1.82M | -2.00M | 2.69M | 172.88K | 1.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.53M | 13.84M | 40.85M | 9.13M | 29.86M | 44.39M |
| Enterprise Value | -12.82M | 2.31M | 32.41M | 1.24M | 19.70M | 28.94M |
| Last Close Price | 1.02 | 669.60 | 2,410.56 | 5,224.36 | 17,091.14 | 26,486.36 |
| PE Ratio | 186.00 | |||||
| PS Ratio | 0.68 | 1.22 | 2.58 | 0.47 | 2.11 | 2.72 |
| PB Ratio | 0.03 | 0.61 | 1.69 | 0.43 | 0.90 | 1.36 |
| P/TBV Ratio | 0.21 | 0.74 | 1.96 | 0.51 | 1.28 | 1.36 |
| P/FCF Ratio | 19.97 | 41.80 | ||||
| P/OCF Ratio | 16.37 | 168.40 | 15.51 | |||
| EV/Sales Ratio | 0.20 | 2.04 | 0.06 | 1.39 | 1.78 | |
| EV/FCF Ratio | 3.34 | 27.25 | ||||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.04 | 0.05 | 0.01 | |
| Debt / EBITDA Ratio | 0.53 | 0.45 | ||||
| Debt / FCF Ratio | 0.04 | 0.19 | ||||
| Net Debt / Equity Ratio | -0.69 | -0.61 | -0.54 | -0.60 | -0.31 | -0.43 |
| Net Debt / EBITDA Ratio | 1.84 | 2.35 | 118.25 | 2.58 | 3.99 | 6,043.82 |
| Net Debt / FCF Ratio | 6.53 | -20.06 | 2.88 | 16.09 | 4.10 | -13.19 |
| Asset Turnover | 0.26 | 0.46 | 0.63 | 0.62 | 0.38 | 0.46 |
| Inventory Turnover | 11.80 | 27.95 | ||||
| Quick Ratio | 42.80 | 11.01 | 11.67 | 6.04 | 4.59 | 6.55 |
| Current Ratio | 43.35 | 11.11 | 12.22 | 6.99 | 5.45 | 7.59 |
| Return on Equity (ROE) | -42.59% | -24.88% | -1.21% | -41.83% | -8.61% | 0.74% |
| Return on Assets (ROA) | -23.46% | -15.47% | -0.85% | -10.73% | -4.93% | -0.56% |
| Return on Invested Capital (ROIC) | -125.83% | -62.46% | 15.48% | -34.81% | -14.33% | -1.92% |
| Return on Capital Employed (ROCE) | -38.70% | -27.40% | -1.40% | -24.90% | -8.60% | -1.00% |
| Earnings Yield | -16,096.72% | -45.60% | -1.57% | -124.13% | -9.85% | 0.54% |
| FCF Yield | -58.71% | 5.01% | -11.06% | -8.60% | -8.45% | 2.39% |