What is Atif Holdings Limited's earnings per share (EPS)?

Atif Holdings Limited (ZBAI) reported diluted earnings per share of -$0.31 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Atif Holdings Limited Financials

ZBAI

FY2024 annual

Revenue $620K -74.7% YoY

Net Income -$1.8M +36.1% YoY

EPS (Diluted) -$0.31 YoY not available

Free Cash Flow -$89K +96.2% YoY

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2025 Currency USD FYE July

Atif Holdings Limited (ZBAI) reported $620K in revenue for fiscal year 2024, down 74.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ZBAI FY2024 2026-08-15

A fixed overhead base is overwhelming a tiny revenue line, while financing-driven liquidity is keeping near-term cash pressure contained.

Between FY2023 and FY2024, revenue fell to $620K from $2.5M, showing the business did not just lose margin; it operated on a much smaller activity base. Yet operating cash flow was nearly flat at -$84K while net loss remained -$1.8M, which means the accounting loss stopped turning into comparable cash consumption.

SG&A stayed around $2.3M even with revenue at only $620K, a sign that much of the cost structure behaves like a fixed platform rather than a variable expense base. That helps explain why margins remained deeply negative even when cash burn eased.

The liquidity picture improved because current liabilities fell to $625K and financing added $2.3M in FY2024. That matters because cash itself was only $458K, so the stronger balance sheet came more from lower obligations and new capital than from a large internal cash cushion.

Financial Health Signals

Financial health score not available

Atif Holdings Limited does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/7

Atif Holdings Limited passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Atif Holdings Limited reported a net loss of $1.8M while operations used $84K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Atif Holdings Limited reported an operating loss of $2.0M against $26 in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$620K

YoY-74.7%

5Y CAGR-27.4%

Atif Holdings Limited generated $620K in revenue in fiscal year 2024. This represents a decrease of 74.7% from the prior year.

EBITDA

-$1.8M

YoY-197.1%

Atif Holdings Limited's EBITDA was -$1.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 197.1% from the prior year.

Net Income

-$1.8M

YoY+36.1%

Atif Holdings Limited reported -$1.8M in net income in fiscal year 2024. This represents an increase of 36.1% from the prior year.

EPS (Diluted)

-$0.31

Atif Holdings Limited earned -$0.31 per diluted share (EPS) in fiscal year 2024.

Cash & Balance Sheet

Free Cash Flow

-$89K

YoY+96.2%

Atif Holdings Limited recorded an outflow of $89K in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 96.2% from the prior year.

Cash & Debt

$458K

YoY+26.7%

5Y CAGR-41.1%

Atif Holdings Limited held $458K in cash as of fiscal year 2024; long-term debt is not reported for that period.

Shares Outstanding

12M

Atif Holdings Limited had 12M shares outstanding in fiscal year 2024.

Dividends Per Share

Not reported for fiscal year 2024.

Margins & Returns

Return on Equity

-36.8%

YoY+278.6pp

5Y CAGR-40.7pp

Atif Holdings Limited's ROE was -36.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 278.6 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2024.

Operating Margin

Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures

$5K

YoY+252.2%

5Y CAGR-24.5%

Atif Holdings Limited invested $5K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 252.2% from the prior year.

R&D Spending

Not reported for fiscal year 2024.

Share Buybacks

Not reported for fiscal year 2024.

ZBAI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ZBAI annual income statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	N/A	$620K-74.7%	$2.5M+46.9%	$1.7M+78.0%	$937K+45.2%	$645K-79.0%	$3.1M-42.0%	$5.3M+46.0%	$3.6M
Cost of Revenue	N/A	N/A	N/A	$660K	N/A	$227K	N/A	N/A	N/A
Gross Profit	N/A	N/A	$2.5M+143.2%	$1.0M+7.5%	$937K+104.3%	$459K-85.1%	$3.1M-42.0%	$5.3M	N/A
SG&A Expenses	$1.8M	$2.3M+1.1%	$2.2M-15.5%	$2.7M-9.2%	$2.9M-5.1%	$3.1M+147.1%	$1.2M+54.3%	$807K+97.4%	$409K
Operating Income	-$1.3M	-$2.0M-157.6%	-$761K+65.6%	-$2.2M+8.6%	-$2.4M+62.2%	-$6.4M-1052.8%	$672K-75.4%	$2.7M+194.9%	$925K
Interest Expense	N/A	$26-98.6%	$2K	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$3K-89.4%	$31K	N/A	N/A	$76K-72.5%	$277K-61.4%	$717K+230.3%	$217K
Net Income	-$3.9M	-$1.8M+36.1%	-$2.9M+1.0%	-$2.9M+67.7%	-$9.0M+39.5%	-$14.9M-3567.3%	$429K-78.0%	$1.9M+203.7%	$641K
EPS (Diluted)	—	-$0.31	-$0.30+3.2%	-$0.31+65.6%	-$0.90	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$250K+25.0%	$200K	N/A	$270K+35.0%	$200K+700.0%	$25K-80.0%	$125K	N/A
SG&A Expenses	$439K-12.7%	$503K+12.0%	$449K+1.8%	$441K-30.6%	$635K+32.5%	$480K-32.4%	$710K	N/A
Operating Income	-$189K+46.1%	-$351K+32.7%	-$521K-122.3%	-$234K+55.0%	-$521K+4.8%	-$548K+16.6%	-$657K	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$23	N/A	N/A
Net Income	-$1.6M+16.5%	-$1.9M-418.5%	-$367K	$0+100.0%	-$808K-98.1%	-$408K+34.8%	-$625K	N/A
EPS (Diluted)	-$0.09+43.8%	-$0.16-433.3%	-$0.03	N/A	-$0.08-100.0%	-$0.04+33.3%	-$0.06	N/A

Not reported in any period shown, so not listed: R&D Expenses.

TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

ZBAI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ZBAI annual balance sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$5.9M+93.5%	$3.0M-64.5%	$8.6M-16.2%	$10.2M-77.7%	$45.8M+271.0%	$12.3M+229.4%	$3.7M	N/A
Current Assets	$5.8M+196.2%	$2.0M-69.2%	$6.3M-32.1%	$9.4M+78.6%	$5.2M-50.5%	$10.6M+186.3%	$3.7M	N/A
Cash & Equivalents	$458K+26.7%	$361K-80.7%	$1.9M-68.6%	$6.0M+1354.2%	$410K-93.7%	$6.5M+8753.2%	$73K-49.6%	$145K
Inventory	N/A	N/A	N/A	N/A	$47K	N/A	N/A	N/A
Accounts Receivable	N/A	$654K+553.6%	$100K	N/A	$939K-36.2%	$1.5M+970.3%	$138K	N/A
Goodwill	N/A	N/A	N/A	N/A	$25.9M	$0	N/A	N/A
Total Liabilities	$887K-58.3%	$2.1M-50.0%	$4.3M+50.0%	$2.8M-90.0%	$28.4M+2386.6%	$1.1M-34.1%	$1.7M	N/A
Current Liabilities	$625K-58.2%	$1.5M-54.8%	$3.3M+29.0%	$2.6M-67.1%	$7.8M+582.0%	$1.1M-34.1%	$1.7M	N/A
Total Equity	$5.0M+446.9%	$914K-78.8%	$4.3M-51.3%	$8.8M-49.2%	$17.4M+55.4%	$11.2M+455.9%	$2.0M+450.9%	-$574K
Retained Earnings	-$31.2M-10.4%	-$28.3M-12.0%	-$25.3M-4.3%	-$24.2M-79.5%	-$13.5M-1069.9%	$1.4M+33.9%	$1.0M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$8.7M+0.6%	$8.6M+46.8%	$5.9M+95.3%	$3.0M-9.6%	$3.3M+33.9%	$2.5M-18.2%	$3.0M-19.3%	$3.8M
Current Assets	$8.7M+0.6%	$8.6M+49.3%	$5.8M+99.6%	$2.9M-9.1%	$3.2M+96.9%	$1.6M-17.1%	$2.0M-23.2%	$2.5M
Cash & Equivalents	$6.7M+26.8%	$5.3M+1051.2%	$458K-63.4%	$1.2M-41.0%	$2.1M+1420.8%	$139K-61.5%	$361K-40.4%	$606K
Accounts Receivable	$250K	N/A	N/A	N/A	$200K-60.0%	$500K-23.5%	$654K+0.6%	$650K
Total Liabilities	$278K-63.9%	$771K-13.1%	$887K-29.6%	$1.3M+450.0%	$229K-88.5%	$2.0M-6.8%	$2.1M-4.6%	$2.2M
Current Liabilities	$278K-63.9%	$771K+23.3%	$625K-36.8%	$988K+394.2%	$200K-86.2%	$1.5M-2.8%	$1.5M-2.9%	$1.5M
Total Equity	$8.4M+6.9%	$7.9M+57.5%	$5.0M+185.0%	$1.8M-43.5%	$3.1M+513.2%	$506K-44.6%	$914K-40.6%	$1.5M
Retained Earnings	-$34.7M-4.8%	-$33.1M-6.1%	-$31.2M-1.2%	-$30.9M-4.6%	-$29.5M-2.8%	-$28.7M-1.4%	-$28.3M-2.3%	-$27.7M

Not reported in any period shown, so not listed: Long-Term Debt.

ZBAI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ZBAI annual cash flow statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$2.1M	-$84K+96.4%	-$2.3M-1488.3%	-$147K+94.5%	-$2.7M+54.7%	-$5.9M-95.2%	-$3.0M-248.2%	$2.0M+1224.8%	$154K
Capital Expenditures	N/A	$5K+252.2%	$1K-98.6%	$102K-4.3%	$107K-87.8%	$874K+4111.7%	$21K-22.4%	$27K+78.9%	$15K
Free Cash Flow	N/A	-$89K+96.2%	-$2.3M-838.3%	-$249K+91.0%	-$2.8M+59.0%	-$6.8M-122.7%	-$3.0M-251.2%	$2.0M+1348.4%	$139K
Investing Cash Flow	$662K	-$749K-263.0%	$460K+128.9%	-$1.6M-284.6%	$862K+588.4%	-$176K-123.9%	$739K+125.5%	-$2.9M-14052.8%	-$20K
Financing Cash Flow	N/A	$2.3M+221.1%	$730K+137.2%	-$2.0M-128.7%	$6.8M+4714.0%	$142K-98.4%	$8.7M+1057.6%	$755K	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$939K-137.7%	-$395K+50.6%	-$801K-19017.2%	-$4K+93.3%	-$63K+70.6%	-$213K-208.9%	$195K	N/A
Capital Expenditures	N/A	N/A	N/A	$0	$0-100.0%	$754-82.6%	$4K	N/A
Free Cash Flow	N/A	N/A	N/A	-$4K+93.3%	-$63K+70.7%	-$214K-211.8%	$191K	N/A
Investing Cash Flow	$221K-48.9%	$432K+4693.2%	$9K	$0+100.0%	-$300K-3123.2%	-$9K+97.9%	-$440K	N/A
Financing Cash Flow	$2.1M	N/A	N/A	$0	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

ZBAI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

ZBAI annual financial ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	100.0%+39.6pp	60.4%-39.6pp	100.0%+28.9pp	71.1%-28.9pp	100.0%0.0pp	100.0%	N/A
Operating Margin	-316.1%	-31.1%	-132.8%	-258.5%	-991.9%	21.8%-29.6pp	51.4%+25.9pp	25.4%
Net Margin	-296.9%	-117.6%	-174.6%	-960.6%	-2306.9%	13.9%-22.7pp	36.7%+19.1pp	17.6%
Return on Equity	-36.8%+278.6pp	-315.4%-247.9pp	-67.5%+34.3pp	-101.8%-16.3pp	-85.5%-89.3pp	3.8%-92.8pp	96.6%	N/A
Return on Assets	-31.3%+63.5pp	-94.8%-60.8pp	-34.0%+54.1pp	-88.1%-55.6pp	-32.5%-36.0pp	3.5%-48.5pp	52.0%	N/A
Current Ratio	9.26+7.9x	1.31-0.6x	1.92-1.7x	3.65+3.0x	0.67-8.6x	9.28+7.1x	2.13	N/A
Debt-to-Equity	0.18-2.1x	2.33+1.3x	0.99+0.7x	0.32-1.3x	1.63+1.5x	0.10-0.8x	0.86	N/A
FCF Margin	-14.4%+80.9pp	-95.3%-80.4pp	-14.9%	-296.0%	-1049.1%	-98.7%-136.6pp	37.9%+34.0pp	3.8%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Margin	-75.6%	-175.4%	N/A	-86.8%	-260.6%	-2190.1%	-525.4%	N/A
Net Margin	-635.6%	-951.7%	N/A	0.0%	-403.8%	-1630.5%	-500.4%	N/A
Return on Equity	-18.9%+5.3pp	-24.2%-16.8pp	-7.3%-7.3pp	0.0%+26.0pp	-26.0%+54.5pp	-80.5%-12.1pp	-68.4%	N/A
Return on Assets	-18.3%+3.7pp	-22.0%-15.8pp	-6.2%-6.2pp	0.0%+24.2pp	-24.2%-7.8pp	-16.4%+4.2pp	-20.6%	N/A
Current Ratio	31.24+20.0x	11.21+2.0x	9.26+6.3x	2.93-13.0x	15.95+14.8x	1.11-0.2x	1.31-0.3x	1.65
Debt-to-Equity	0.03-0.1x	0.10-0.1x	0.18-0.5x	0.72+0.6x	0.07-3.8x	3.92+1.6x	2.33+0.9x	1.45
FCF Margin	N/A	N/A	N/A	-1.6%+29.7pp	-31.3%	-854.1%	152.8%	N/A

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

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Where Atif Holdings Limited Ranks

Frequently Asked Questions

What is Atif Holdings Limited's annual revenue?

Atif Holdings Limited (ZBAI) reported $620K in total revenue for fiscal year 2024. This represents a -74.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Atif Holdings Limited's revenue growing?

Atif Holdings Limited (ZBAI) revenue declined by 74.7% year-over-year, from $2.5M to $620K in fiscal year 2024.

Is Atif Holdings Limited profitable?

No, Atif Holdings Limited (ZBAI) reported a net income of -$1.8M in fiscal year 2024.

What is Atif Holdings Limited's EBITDA?

Atif Holdings Limited (ZBAI) had EBITDA of -$1.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Atif Holdings Limited's return on equity (ROE)?

Atif Holdings Limited (ZBAI) has a return on equity of -36.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Atif Holdings Limited's free cash flow?

Atif Holdings Limited (ZBAI) recorded an outflow of $89K in free cash flow during fiscal year 2024. This represents a 96.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Atif Holdings Limited's operating cash flow?

Atif Holdings Limited (ZBAI) recorded an outflow of $84K in operating cash flow during fiscal year 2024, representing cash used by core business activities.

What are Atif Holdings Limited's total assets?

Atif Holdings Limited (ZBAI) had $5.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Atif Holdings Limited's capital expenditures?

Atif Holdings Limited (ZBAI) invested $5K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Atif Holdings Limited have outstanding?

Atif Holdings Limited (ZBAI) had 12M shares outstanding as of fiscal year 2024.

What is Atif Holdings Limited's current ratio?

Atif Holdings Limited (ZBAI) had a current ratio of 9.26 as of fiscal year 2024, which is generally considered healthy.

What is Atif Holdings Limited's debt-to-equity ratio?

Atif Holdings Limited (ZBAI) had a debt-to-equity ratio of 0.18 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Atif Holdings Limited's return on assets (ROA)?

Atif Holdings Limited (ZBAI) had a return on assets of -31.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Atif Holdings Limited's Piotroski F-Score?

Atif Holdings Limited (ZBAI) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Atif Holdings Limited's earnings high quality?

Atif Holdings Limited (ZBAI) reported a net loss of $1.8M while operations used $84K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Atif Holdings Limited cover its interest payments?

Atif Holdings Limited (ZBAI) reported an operating loss of $2.0M against $26 in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.