Z Squared Inc. key statistics and ratios

In fiscal 2025, Z Squared Inc. had an operating margin of -956.9%, debt equal to 11700.5% of equity and a current ratio of 11.68. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Z Squared Inc.: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	100.0%	—	—	—	86.7%	−24.6%
Operating margin	<−999%	—	—	—	−956.9%	−792.9%
Net margin	<−999%	—	—	—	−874.3%	−642.0%
Return on equity	—	—	—	—	—	−27.1%
Return on assets	−198.8%	−511.9%	−340.6%	−158.5%	−267.5%	−26.7%
Asset turnover	0.01	—	—	—	0.31	0.04
Current ratio	0.79	1.81	0.59	0.23	11.68	7.66
Debt to equity	70.2%	44.9%	258.0%	36.6%	>999%	0.1%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	—
R&D as % of revenue	0.0%	—	—	—	93.7%	—

US$ thousands unless shown otherwise. Fiscal quarters.

Z Squared Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	—	—	28.2%	—	81.0%	94.8%	60.3%	—
Operating margin	—	—	<−999%	—	<−999%	−230.6%	<−999%	−871.2%
Net margin	—	—	<−999%	—	<−999%	−146.5%	−0.0%	−871.2%
Free-cash-flow margin	—	—	<−999%	—	<−999%	−195.8%	<−999%	98.3%
Current ratio	0.40	0.23	0.82	0.83	2.21	11.68	3.25	7.66
Debt to equity	3.1%	4.4%	—	2.5%	1.4%	>999%	0.9%	—
R&D as % of revenue	—	—	137.8%	—	247.3%	36.3%	207.0%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

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

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

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Figures from Z Squared Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Z Squared Inc.