What is Zhongchao's operating income?

Zhongchao's total operating income in 2025 was -$6.19 million, based on the following breakdown: Total Gross Profit: $5.12 million Total Operating Expenses: $11.31 million

Zhongchao (ZCMD) Financials

$1.40 -0.33 (-19.08%)

Closing price 07/24/2026 04:00 PM Eastern

Extended Trading

$1.30 -0.10 (-6.79%)

As of 07/24/2026 07:34 PM Eastern

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Annual Income Statements for Zhongchao

This table shows Zhongchao's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1.46	3.02	4.05	4.46	0.24	-2.94	-11	-0.64	-6.31
Consolidated Net Income / (Loss)	1.49	3.00	4.00	4.46	0.24	-2.82	-11	-0.27	-5.81
Net Income / (Loss) Continuing Operations	1.49	3.00	4.00	4.46	0.24	-2.82	-11	-0.27	-5.81
Total Pre-Tax Income	1.34	3.50	4.39	4.94	-0.11	-2.55	-12	0.06	-5.77
Total Operating Income	1.05	3.27	3.64	4.49	-0.32	-2.95	-13	-0.34	-6.19
Total Gross Profit	5.85	8.41	10	12	9.44	6.36	8.51	8.91	5.12
Total Revenue	9.82	13	15	18	16	14	19	16	11
Operating Revenue	9.82	13	15	18	16	14	19	16	11
Total Cost of Revenue	3.97	4.46	4.66	6.12	6.86	7.79	11	6.95	6.25
Total Operating Expenses	4.80	5.13	6.58	7.38	9.76	9.31	22	9.25	11
Selling, General & Admin Expense	1.14	1.43	2.52	3.12	5.86	6.80	6.70	4.99	9.81
Marketing Expense	2.72	2.26	3.20	3.44	3.14	2.10	6.71	4.01	1.49
Research & Development Expense	0.94	1.45	0.86	0.82	0.76	0.41	0.51	0.25	0.01
Impairment Charge	-	-	-	-	0.00	0.00	6.15	0.00	0.00
Other Special Charges / (Income)	-	-	-	-	0.00	0.00	1.72	0.00	0.00
Total Other Income / (Expense), net	0.29	0.23	0.75	0.45	0.21	0.40	1.31	0.40	0.42
Interest Expense	-	-0.19	-0.21	-0.15	-0.18	-0.14	-0.24	-0.24	-0.34
Other Income / (Expense), net	0.29	0.04	0.53	0.31	0.03	0.26	1.07	0.16	0.08
Income Tax Expense	-0.15	0.50	0.39	0.48	-0.35	0.27	-0.67	0.34	0.05
Net Income / (Loss) Attributable to Noncontrolling Interest	0.03	-0.02	-0.05	-0.00	0.00	0.12	0.03	0.37	0.50
Basic Earnings per Share	$0.08	$0.15	$0.19	$0.18	$0.10	($1.13)	($34.83)	($0.99)	($1.85)
Weighted Average Basic Shares Outstanding	19.56M	20.76M	21.60M	24.43M	2.49M	2.60M	325.42K	650.68K	3.42M
Diluted Earnings per Share	$0.08	$0.15	-	-	-	($1.13)	($34.83)	($0.99)	($1.85)
Weighted Average Diluted Shares Outstanding	19.56M	20.76M	21.60M	24.43M	24.95M	2.60M	325.42K	650.68K	3.42M
Weighted Average Basic & Diluted Shares Outstanding	19.56M	20.76M	21.60M	24.43M	24.95M	26.03M	2.60M	25.39M	3.86M

No quarterly income statements for Zhongchao are available.

This table details how cash moves in and out of Zhongchao's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.55	4.94	-0.09	7.24	-1.16	-2.39	-3.97	0.29	0.26
Net Cash From Operating Activities	-0.54	1.31	1.41	-1.04	2.86	-0.66	0.05	-1.47	0.85
Net Cash From Continuing Operating Activities	-0.54	1.31	1.41	-1.07	2.86	-0.54	0.05	-1.47	0.84
Net Income / (Loss) Continuing Operations	1.49	3.00	4.00	4.46	0.24	-2.82	-11	-0.27	-5.81
Consolidated Net Income / (Loss)	1.49	3.00	4.00	4.46	0.24	-2.82	-11	-0.27	-5.81
Depreciation Expense	0.02	0.04	0.10	0.20	0.34	0.38	0.52	0.23	0.29
Amortization Expense	0.00	0.00	0.16	0.22	0.36	0.35	0.41	0.20	0.03
Non-Cash Adjustments To Reconcile Net Income	0.12	-0.60	0.39	0.31	1.73	1.12	8.60	0.37	4.54
Changes in Operating Assets and Liabilities, net	-2.17	-1.13	-3.25	-6.26	0.19	0.43	1.84	-2.00	1.80
Net Cash From Investing Activities	-1.84	-0.50	-0.20	-4.09	-4.02	-3.35	-3.75	-1.81	-0.83
Net Cash From Continuing Investing Activities	-1.84	-0.50	-0.20	-4.08	-4.02	-3.49	-3.75	-1.81	-0.83
Purchase of Property, Plant & Equipment	-0.03	-0.67	-1.31	-0.16	-1.80	-1.62	-0.84	-3.05	-0.15
Purchase of Investments	-1.75	-2.92	-2.46	-3.25	-0.15	-2.03	-7.15	-11	-9.48
Sale of Property, Plant & Equipment	-	-	-	0.00	0.00	1.11	0.03	0.00	0.00
Sale and/or Maturity of Investments	0.00	3.50	3.62	0.00	1.29	0.53	1.59	12	8.81
Other Investing Activities, net	0.00	-0.42	-0.05	-0.67	-2.65	1.56	2.61	0.28	0.00
Net Cash From Financing Activities	2.73	4.34	-1.19	11	0.00	1.85	0.00	3.84	0.00
Net Cash From Continuing Financing Activities	2.73	4.34	-1.19	11	0.00	1.85	0.00	3.84	0.00
Issuance of Common Equity	0.00	0.00	-0.47	11	0.00	1.85	0.00	3.84	0.00
Cash Income Taxes Paid	0.01	0.14	0.09	0.00	0.09	0.13	0.11	0.05	0.13

No quarterly cash flow statements for Zhongchao are available.

This table presents Zhongchao's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	14	18	35	36	39	24	26	24
Total Current Assets	13	15	30	27	23	19	19	17
Cash & Equivalents	7.92	7.83	15	14	12	7.55	7.84	8.10
Short-Term Investments	1.16	0.00	2.03	0.30	0.52	5.90	5.24	5.82
Accounts Receivable	1.99	5.08	10	9.61	7.00	2.55	4.68	2.78
Inventories, net	-	-	-	0.00	0.19	0.59	0.59	0.00
Prepaid Expenses	0.56	0.33	0.55	0.39	1.14	1.39	0.08	0.02
Other Current Assets	0.92	1.27	1.61	0.38	0.49	0.45	0.27	0.23
Plant, Property, & Equipment, net	0.67	1.89	2.00	3.92	3.89	3.22	5.87	5.88
Total Noncurrent Assets	0.81	1.34	3.22	5.09	12	2.48	1.31	1.31
Long-Term Investments	-	0.00	1.26	2.14	1.18	1.15	1.09	1.23
Intangible Assets	0.04	0.04	0.03	0.03	0.91	0.02	0.01	0.01
Noncurrent Deferred & Refundable Income Taxes	0.38	0.69	0.80	2.18	1.86	0.36	0.12	0.04
Other Noncurrent Operating Assets	0.39	0.61	1.13	0.74	2.30	0.96	0.09	0.03
Total Liabilities & Shareholders' Equity	14	18	35	36	39	24	26	24
Total Liabilities	2.66	2.40	2.98	3.70	5.60	3.38	1.73	1.55
Total Current Liabilities	2.33	2.36	2.98	3.59	4.17	2.68	1.53	1.53
Accounts Payable	0.02	0.12	0.41	0.04	1.00	1.60	1.29	1.35
Current Deferred Revenue	0.96	0.40	0.01	0.01	0.40	0.84	0.20	0.15
Other Current Liabilities	0.00	0.21	0.06	0.09	0.48	0.24	0.03	0.03
Total Noncurrent Liabilities	0.33	0.04	0.00	0.11	1.43	0.70	0.20	0.02
Capital Lease Obligations	-	-	-	-	-	-	0.02	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	0.00	0.21	0.13	0.18	0.02
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11	15	32	33	33	21	24	23
Total Preferred & Common Equity	11	15	32	33	30	18	21	19
Total Common Equity	11	15	32	33	30	18	21	19
Common Stock	12	12	23	23	25	25	29	35
Retained Earnings	-0.38	3.27	7.34	7.18	4.12	-7.27	-7.96	-14
Accumulated Other Comprehensive Income / (Loss)	-0.17	-0.34	0.92	1.20	-0.51	-1.23	-1.71	-1.31
Other Equity Adjustments	0.02	0.42	0.80	1.20	1.32	1.37	1.42	-0.38
Noncontrolling Interest	-0.03	-0.05	-	0.00	3.09	3.03	3.31	3.97

No quarterly balance sheets for Zhongchao are available.

This table displays calculated financial ratios and metrics derived from Zhongchao's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	21,600,135.00	49,866,276.00	24,951,138.00	26,029,138.00	2,604,715.00	2,604,715.00	2,604,715.00
DEI Adjusted Shares Outstanding	0.00	0.00	2,160,013.00	4,986,628.00	2,495,114.00	2,602,914.00	32,559.00	32,559.00	32,559.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	1.87	0.89	0.10	-1.13	-348.17	-19.76	-193.81
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	31.07%	15.68%	20.88%	-9.41%	-13.16%	37.33%	-18.37%	-28.30%
EBITDA Growth	0.00%	146.88%	32.46%	17.60%	-92.03%	-571.30%	-475.54%	102.19%	-2,443.21%
EBIT Growth	0.00%	146.99%	26.09%	14.82%	-105.98%	-838.84%	-353.71%	98.52%	-3,272.00%
NOPAT Growth	0.00%	139.97%	18.37%	21.93%	-105.55%	-821.14%	-349.62%	116.25%	-386.84%
Net Income Growth	0.00%	100.78%	33.28%	11.41%	-94.65%	-1,282.54%	-300.64%	97.58%	-2,026.77%
EPS Growth	0.00%	85.90%	0.00%	0.00%	0.00%	0.00%	-300.64%	97.58%	-2,026.77%
Operating Cash Flow Growth	0.00%	344.14%	7.27%	-173.71%	375.75%	-123.12%	108.19%	-2,816.71%	157.38%
Free Cash Flow Firm Growth	0.00%	0.00%	-413.20%	-65.79%	-54.97%	-90.67%	171.70%	-150.39%	13.05%
Invested Capital Growth	0.00%	0.00%	147.69%	79.45%	20.36%	22.14%	-67.44%	55.15%	-25.56%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	59.56%	65.36%	68.72%	65.99%	57.92%	44.92%	43.80%	56.18%	45.02%
EBITDA Margin	13.83%	26.04%	29.82%	29.01%	2.55%	-13.86%	-58.10%	1.56%	-50.90%
Operating Margin	10.68%	25.45%	24.47%	24.96%	-1.97%	-20.88%	-68.35%	-2.15%	-54.43%
EBIT Margin	13.66%	25.74%	28.06%	26.65%	-1.76%	-19.02%	-62.85%	-1.14%	-53.73%
Profit (Net Income) Margin	15.23%	23.33%	26.88%	24.78%	1.46%	-19.94%	-58.18%	-1.72%	-51.12%
Tax Burden Percent	111.48%	85.67%	91.18%	90.19%	-215.49%	110.68%	94.41%	-442.73%	100.80%
Interest Burden Percent	100.00%	105.79%	105.06%	103.07%	38.62%	94.72%	98.06%	-34.07%	94.39%
Effective Tax Rate	-11.48%	14.33%	8.82%	9.81%	0.00%	0.00%	0.00%	542.73%	0.00%
Return on Invested Capital (ROIC)	0.00%	185.15%	63.03%	38.61%	-1.51%	-11.49%	-70.85%	18.37%	-49.68%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	180.45%	54.64%	35.49%	-4.18%	-6.38%	-56.41%	30.79%	-39.58%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-132.42%	-33.10%	-19.71%	2.25%	2.88%	29.02%	-19.58%	24.81%
Return on Equity (ROE)	0.00%	52.73%	29.94%	18.90%	0.74%	-8.61%	-41.83%	-1.21%	-24.88%
Cash Return on Invested Capital (CROIC)	0.00%	-14.85%	-21.92%	-18.26%	-19.99%	-31.42%	30.91%	-24.86%	-20.38%
Operating Return on Assets (OROA)	0.00%	23.58%	26.28%	18.25%	-0.81%	-7.19%	-38.76%	-0.72%	-24.43%
Return on Assets (ROA)	0.00%	21.37%	25.17%	16.96%	0.67%	-7.54%	-35.88%	-1.09%	-23.24%
Return on Common Equity (ROCE)	0.00%	52.85%	30.02%	18.92%	0.74%	-8.20%	-37.10%	-1.04%	-21.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	26.30%	26.00%	14.00%	0.73%	-9.43%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.17	2.81	3.32	4.05	-0.22	-2.07	-9.30	1.51	-4.33
NOPAT Margin	11.91%	21.80%	22.31%	22.51%	-1.38%	-14.61%	-47.85%	9.52%	-38.10%
Net Nonoperating Expense Percent (NNEP)	0.00%	4.70%	8.40%	3.12%	2.67%	-5.10%	-14.45%	-12.42%	-10.11%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-6.26%	-44.20%	6.25%	-19.18%
Cost of Revenue to Revenue	40.44%	34.64%	31.28%	34.01%	42.08%	55.08%	56.20%	43.82%	54.98%
SG&A Expenses to Revenue	11.60%	11.08%	16.96%	17.37%	35.98%	48.05%	34.46%	31.46%	86.28%
R&D to Revenue	9.61%	11.25%	5.81%	4.54%	4.66%	2.91%	2.65%	1.59%	0.07%
Operating Expenses to Revenue	48.87%	39.91%	44.24%	41.04%	59.89%	65.80%	112.15%	58.33%	99.45%
Earnings before Interest and Taxes (EBIT)	1.34	3.31	4.18	4.79	-0.29	-2.69	-12	-0.18	-6.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.36	3.35	4.44	5.22	0.42	-1.96	-11	0.25	-5.79
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.11	0.08	1.15	1.36	0.96	0.51	0.20	0.06
Price to Tangible Book Value (P/TBV)	0.00	0.11	0.08	1.15	1.36	1.23	0.51	0.20	0.06
Price to Revenue (P/Rev)	0.12	0.09	0.08	2.04	2.72	2.03	0.47	0.27	0.10
Price to Earnings (P/E)	0.82	0.40	0.30	8.24	185.96	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	121.71%	251.61%	337.22%	12.14%	0.54%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	1.36	1.73	0.94	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.02	1.72	1.31	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	3.52	67.33	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	3.83	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	4.53	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	9.79	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.73	-0.61	-0.56	-0.54	-0.45	-0.51	-0.64	-0.63
Leverage Ratio	0.00	1.23	1.19	1.11	1.10	1.14	1.17	1.11	1.07
Compound Leverage Factor	0.00	1.31	1.25	1.15	0.43	1.08	1.14	-0.38	1.01
Debt to Total Capital	0.00%	6.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	0.00%
Short-Term Debt to Total Capital	0.00%	6.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.23%	-0.30%	0.00%	0.00%	9.36%	14.41%	13.70%	17.56%
Common Equity to Total Capital	0.00%	94.23%	100.30%	100.00%	100.00%	90.64%	85.59%	86.20%	82.44%
Debt to EBITDA	0.00	0.22	0.00	0.00	0.00	0.00	0.00	0.10	0.00
Net Debt to EBITDA	0.00	-2.49	0.00	0.00	0.00	0.00	0.00	-57.26	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10	0.00
Debt to NOPAT	0.00	0.26	0.00	0.00	0.00	0.00	0.00	0.02	0.00
Net Debt to NOPAT	0.00	-2.98	0.00	0.00	0.00	0.00	0.00	-9.37	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00
Altman Z-Score	0.00	2.80	3.00	9.57	8.68	3.94	1.14	2.42	0.03
Noncontrolling Interest Sharing Ratio	0.00%	-0.24%	-0.28%	-0.10%	0.00%	4.71%	11.33%	14.04%	15.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	5.38	6.15	9.92	7.59	5.45	6.99	12.22	11.11
Quick Ratio	0.00	4.75	5.48	9.20	7.38	5.01	6.08	11.61	10.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-0.23	-1.15	-1.91	-2.97	-5.66	4.06	-2.04	-1.78
Operating Cash Flow to CapEx	-1,668.75%	196.48%	107.24%	-646.22%	159.00%	-131.44%	6.71%	-48.38%	554.13%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.92	0.94	0.68	0.46	0.38	0.62	0.63	0.45
Accounts Receivable Turnover	0.00	6.45	4.21	2.34	1.64	1.70	4.07	4.39	3.05
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	27.95	11.80	0.00
Fixed Asset Turnover	0.00	19.21	11.63	9.25	5.50	3.62	5.46	3.49	1.94
Accounts Payable Turnover	0.00	188.63	66.19	23.28	30.66	15.06	8.42	4.81	4.73
Days Sales Outstanding (DSO)	0.00	56.55	86.72	156.23	223.22	214.21	89.70	83.23	119.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	13.06	30.94	0.00
Days Payable Outstanding (DPO)	0.00	1.94	5.51	15.68	11.90	24.24	43.33	75.85	77.15
Cash Conversion Cycle (CCC)	0.00	54.61	81.20	140.55	211.32	189.97	59.43	38.32	42.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	3.03	7.51	13	16	20	6.45	10	7.44
Invested Capital Turnover	0.00	8.49	2.83	1.72	1.10	0.79	1.48	1.93	1.30
Increase / (Decrease) in Invested Capital	0.00	3.03	4.48	5.96	2.74	3.59	-13	3.55	-2.56
Enterprise Value (EV)	0.00	-7.18	-6.68	18	28	19	-2.42	-6.62	-10
Market Capitalization	1.20	1.20	1.20	37	44	29	9.14	4.22	1.17
Book Value per Share	$0.00	$0.55	$0.71	$1.47	$1.31	$1.20	$0.69	$8.00	$5.45
Tangible Book Value per Share	$0.00	$0.55	$0.71	$1.47	$1.30	$0.93	$0.69	$8.00	$5.45
Total Capital	0.00	12	15	32	33	33	21	24	23
Total Debt	0.00	0.73	0.00	0.00	0.00	0.00	0.00	0.02	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00
Net Debt	0.00	-8.36	-7.83	-18	-16	-13	-15	-14	-15
Capital Expenditures (CapEx)	0.03	0.67	1.31	0.16	1.80	0.50	0.81	3.05	0.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	1.87	4.32	9.51	9.45	6.50	2.59	4.09	1.51
Debt-free Net Working Capital (DFNWC)	0.00	11	12	27	24	19	16	17	15
Net Working Capital (NWC)	0.00	10	12	27	24	19	16	17	15
Net Nonoperating Expense (NNE)	-0.33	-0.20	-0.68	-0.41	-0.46	0.75	2.01	1.78	1.48
Net Nonoperating Obligations (NNO)	0.00	-8.36	-7.83	-18	-16	-13	-15	-14	-15
Total Depreciation and Amortization (D&A)	0.02	0.04	0.26	0.42	0.70	0.73	0.92	0.43	0.32
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	14.56%	29.02%	52.85%	58.01%	45.93%	13.31%	25.80%	13.30%
Debt-free Net Working Capital to Revenue	0.00%	85.15%	81.65%	147.94%	145.21%	131.00%	82.50%	108.27%	135.70%
Net Working Capital to Revenue	0.00%	79.50%	81.65%	147.94%	145.21%	131.00%	82.50%	108.27%	135.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.87	$0.00	$0.10	($1.13)	($34.83)	($0.96)	($1.85)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	2.16M	0.00	2.50M	2.60M	325.42K	650.68K	3.42M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.87	$0.00	$0.00	$0.00	$0.00	($0.96)	($1.85)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	2.16M	0.00	2.49M	2.60M	325.59K	650.68K	3.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$1.87	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	2.16M	0.00	2.50M	2.60M	325.59K	3.17M	3.86M
Normalized Net Operating Profit after Tax (NOPAT)	0.73	2.81	3.32	4.05	-0.22	-2.07	-3.79	-0.24	-4.33
Normalized NOPAT Margin	7.48%	21.80%	22.31%	22.51%	-1.38%	-14.61%	-19.49%	-1.51%	-38.10%
Pre Tax Income Margin	13.66%	27.23%	29.48%	27.47%	-0.68%	-18.02%	-61.63%	0.39%	-50.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Zhongchao are available.

Financials Breakdown Chart

Zhongchao Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Zhongchao's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Zhongchao's net income appears to be on an upward trend, with a most recent value of -$5.81 million in 2025, falling from $1.49 million in 2017. The previous period was -$273.41 thousand in 2024. View Zhongchao's forecast to see where analysts expect Zhongchao to go next.

Zhongchao's total operating income in 2025 was -$6.19 million, based on the following breakdown:

Total Gross Profit: $5.12 million
Total Operating Expenses: $11.31 million

Over the last 8 years, Zhongchao's total revenue changed from $9.82 million in 2017 to $11.37 million in 2025, a change of 15.9%.

Zhongchao's total liabilities were at $1.55 million at the end of 2025, a 10.7% decrease from 2024, and a 41.8% decrease since 2018.

In the past 7 years, Zhongchao's cash and equivalents has ranged from $7.55 million in 2023 to $15.07 million in 2020, and is currently $8.10 million as of their latest financial filing in 2025.

Over the last 8 years, Zhongchao's book value per share changed from 0.00 in 2017 to 5.45 in 2025, a change of 545.0%.

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Financial statements for NASDAQ:ZCMD last updated on 7/22/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Zhongchao (ZCMD) Financials

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Zhongchao Financials - Frequently Asked Questions

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Zhongchao (ZCMD) Financials

Annual Income Statements for Zhongchao

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Zhongchao Financials - Frequently Asked Questions

When does Zhongchao's fiscal year end?

How has Zhongchao's net income changed over the last 8 years?

What is Zhongchao's operating income?

How has Zhongchao's revenue changed over the last 8 years?

How much debt does Zhongchao have?

How much cash does Zhongchao have?

How has Zhongchao's book value per share changed over the last 8 years?

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