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Zhibao Technology Inc. (ZBAO) stock

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NASDAQ: ZBAO Nasdaq Insurance Brokers

Zhibao Technology Inc. is a US-listed company in the insurance brokers industry. Its financial year ends in June.

Value diary

Our note on each quarter Zhibao Technology files

Where Zhibao Technology stands after its latest Filing

Revenue for the twelve months was $38m, up 51.0% on a year earlier, faster than the 24.3% growth a quarter earlier. The diluted share count is up 5.3% on a year earlier, which dilutes existing holders.

Our model value for Zhibao Technology is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Zhibao Technology Inc.'s trailing-twelve-month revenue grew 51.0% year on year, with a free-cash-flow margin of -7.9%.

Current signal Revenue growth accelerating: TTM revenue growth rose to 51.0% (+26.7pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 51.0% over the last 12 months.
  • Growth speeding up. The growth rate is 26.7 points higher than a quarter earlier.

Things to watch

  • Loss-making. Operating margin is -19.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 24.8 points on a year ago.
  • Burning cash. Free cash flow was -7.9% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 5.3% in a year.

Price chart

  • 1 day+1.9%
  • 1 week-20.7%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$38.4M
Operating margin
-19.3%
Net margin
-22.4%
EPS (TTM, diluted)
$-0.27

Growth

Revenue growth
+51.0%
Change in growth rate
+26.7 pts
Share count change
+5.3%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for ZBAO from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

No model value for Zhibao Technology Inc. at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Zhibao Technology Inc.: too few analysts cover it.

Positioning

Short interest
1.3%
of tradable shares
Days to cover
0.14
at average volume
Short interest, 1 month
+5585%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
2.0%
of shares
Employees
137
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Fundamentals

Revenue (TTM) Zhibao Technology Inc.
$0 $10M $20M $30M $40M FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY21 Q4: $906.8 Revenue (TTM), FY22 Q4: $16.8M Revenue (TTM), FY23 Q4: $20.4M Revenue (TTM), FY24 Q4: $25.4M Revenue (TTM), FY25 Q4: $38.4M $38.4M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY21 Q4 $906.8
FY22 Q4 $16.8M
FY23 Q4 $20.4M
FY24 Q4 $25.4M
FY25 Q4 $38.4M
Revenue growth, TTM YoY Zhibao Technology Inc.
0% 500000% 1000000% 1500000% 2000000% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY22 Q4: 1849319.2% Revenue growth, TTM YoY, FY23 Q4: 21.9% Revenue growth, TTM YoY, FY24 Q4: 24.3% Revenue growth, TTM YoY, FY25 Q4: 51.0% 51.0%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 1849319.2%
FY23 Q4 21.9%
FY24 Q4 24.3%
FY25 Q4 51.0%
Operating margin (TTM) Zhibao Technology Inc.
-40% -20% 0% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY22 Q4: 11.7% Operating margin (TTM), FY23 Q4: -31.4% Operating margin (TTM), FY24 Q4: 5.5% Operating margin (TTM), FY25 Q4: -19.3% -19.3%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q4 11.7%
FY23 Q4 -31.4%
FY24 Q4 5.5%
FY25 Q4 -19.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Zhibao Technology Inc.: annual financial statements
Fiscal year 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025
Income
Revenue 0 17 20 25 38
Gross profit — 7 8 10 16
EBITDA — 2 −6 2 −7
Operating income — 2 −6 1 −7
Net income — 2 −6 2 −9
Diluted EPS — $0.08 −$0.23 $0.06 −$0.27
Growth (year on year)
Revenue — +>999% +21.9% +24.3% +51.0%
EBITDA — — −403.4% — −567.9%
Operating income — — −427.2% — −630.5%
Net income — — −380.6% — −568.7%
Diluted EPS — — −376.8% — −541.6%
Margins
Gross margin — 43.6% 41.3% 40.7% 41.0%
EBITDA margin — 12.3% −30.7% 6.1% −18.9%
Operating margin — 11.7% −31.4% 5.5% −19.3%
Net margin — 13.2% −30.3% 7.2% −22.4%
Free-cash-flow margin — — — −2.2% −7.5%
Cash flow
Cash from operations — −0 −0 −1 −3
Capital spending — — — 0 0
Free cash flow — — — −1 −3
Stock-based pay — 0 8 — 0
Free cash flow after stock pay — — — — −3
Balance sheet
Cash 1 2 1 0 1
Total debt 0 0 4 4 4
Net debt (negative = net cash) −1 −2 2 3 2
Diluted shares — 26m 27m 30m 32m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Diluted share count
+5.3%
year over year
R&D spending
3.9%
of revenue
Days sales outstanding
151 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in insurance brokers
Growth, margins and cash generation against peers
Last 12 months unless stated ZBAO XHG RDZN EZRA HUIZ GSHD Median
Revenue, last 12 months $38m $51m $60m $11m $220m $402m $1.5bn
Revenue growth, last 12 months 51.0% 26.5% 30.5% −21.4% 26.8% 17.7% 8.7%
Revenue growth, 3-year average — — 53.9% −5.3% — 18.4% 13.8%
Revenue growth, latest quarter — — 49.0% −31.6% — 20.6% 4.7%
Gross margin 41.0% 2.2% 60.7% — 30.6% — 42.6%
Operating margin −19.3% −197.2% −21.6% −75.1% 0.4% 23.3% 8.0%
Operating margin, 3-year average — — −100.3% −78.8% −14.3% 18.7% 4.9%
Net margin −22.4% −204.9% −46.9% −54.3% 0.3% 8.8% 4.4%
Cash from operations / revenue −7.5% −3.2% −37.8% −42.3% 1.1% 21.4% 10.8%
Free-cash-flow margin −7.9% −3.2% −42.5% −42.3% 0.6% 19.8% 9.5%
Free-cash-flow margin, 3-year average — — −42.6% −19.0% −14.1% 22.4% 13.7%
Stock pay / revenue 0.0% 0.9% 0.8% 27.2% 1.2% 5.5% 1.3%
Change in share count 5.3% >999% 11.5% 91.2% 1.2% 13.8% 5.3%

Median of all 18 companies we cover in insurance brokers. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Who owns it

13F filings for June 30, 2026
Reported value
$49,537
Institutions reporting
5
Shares held vs prior quarter
▲ 55.0%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Jane Street Group, LLC $22,271 54K 45.0% New
Citadel Advisors LLC $9,487 23K 19.2% New
Virtu Financial LLC $9,000 21K 18.2% New
HRT Financial LP $8,000 22K 16.1% ▼ 58.6%
Barclays PLC $779 2K 1.6% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Zhibao Technology Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Data status

When each part of this page on Zhibao Technology Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Zhibao Technology Inc. in brief

What does Zhibao Technology Inc. do?
Zhibao Technology Inc. is a US-listed company in the insurance brokers industry. Its financial year ends in June.
What is Zhibao Technology Inc.'s stock ticker?
Zhibao Technology Inc. trades under the ticker ZBAO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Zhibao Technology Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Zhibao Technology Inc. reported revenue of $38.4M, 51.0% higher than a year earlier, according to its SEC filings.
What is Zhibao Technology Inc.'s free cash flow?
Zhibao Technology Inc.'s free-cash-flow margin is -7.9% of revenue over the trailing twelve months.
Who are Zhibao Technology Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Jane Street Group, LLC, Citadel Advisors LLC and Virtu Financial LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Zhibao Technology Inc.'s competitors?
In our Insurance Brokers peer group, the companies closest to Zhibao Technology Inc. are Xchange Tec.inc, Roadzen Inc., Reliance Global Group, Inc., Huize Holding Ltd and Goosehead Insurance, Inc. The side-by-side comparison below sets their revenue, margins and growth against Zhibao Technology Inc.'s.