Zhongchao Inc. cash flow statement

In fiscal 2025, Zhongchao Inc.'s operations generated $845,391 of cash; it spent $152,561 on capital projects, leaving free cash flow of $692,830.

Cash flow statement

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

Zhongchao Inc.: cash flow statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−1	1	1	−1	3	−1	0	−1	1
Depreciation and amortisation	0	0	0	0	0	0	1	0	0
Stock-based pay	—	—	—	0	0	0	0	0	4
Capital spending	0	1	1	0	2	2	1	3	0
Free cash flow	−1	1	0	−1	1	−2	−1	−5	1
Free cash flow after stock pay	—	—	—	−1	1	−2	−1	−5	−3
Shares issued	—	—	—	12	—	2	—	4	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Zhongchao Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Zhongchao Inc.