Zhibao Tech Financials
This page shows Zhibao Tech (ZBAO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Revenue growth stopped behaving like scale as stable gross margins were overwhelmed by overhead and a thinner balance-sheet cushion.
In the latest year, gross margin stayed near41.0% while operating margin fell to-19.3% , pointing to a cost structure problem above the gross-profit line rather than weaker core transaction economics. That reading matches the prior year's cash record: net income of$1.8M came with operating cash flow of-$524K , so accounting profit was already not converting cleanly into cash on a recurring basis.
In the latest year, liquidity was heavily collection-dependent: cash was only
The equity cushion shrank to
Financial Health Signals
We are recalculating Zhibao Tech's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Zhibao Tech passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Zhibao Tech generates $0.33 in operating cash flow (-$2.9M OCF vs -$8.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Zhibao Tech generated $38.7M in revenue in fiscal year 2025. This represents an increase of 53.0% from the prior year.
Zhibao Tech's EBITDA was -$7.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 574.0% from the prior year.
Zhibao Tech reported -$8.7M in net income in fiscal year 2025. This represents a decrease of 574.8% from the prior year.
Zhibao Tech earned $-0.27 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 550.0% from the prior year.
Cash & Balance Sheet
Zhibao Tech held $1.4M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Zhibao Tech's gross margin was 41.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Zhibao Tech's operating margin was -19.3% in fiscal year 2025, reflecting core business profitability. This is down 24.8 percentage points from the prior year.
Zhibao Tech's net profit margin was -22.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 29.6 percentage points from the prior year.
Zhibao Tech's ROE was -251.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 271.9 percentage points from the prior year.
Capital Allocation
Zhibao Tech invested $1.5M in research and development in fiscal year 2025. This represents a decrease of 27.0% from the prior year.
ZBAO Income Statement
| Metric | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
ZBAO Balance Sheet
| Metric | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 |
|---|---|---|---|---|---|
| Total Assets | $40.5M+69.9% | $23.8M-44.8% | $43.2M+50.2% | $28.7M-12.9% | $33.0M |
| Current Assets | $27.6M+36.6% | $20.2M-50.5% | $40.8M+49.9% | $27.2M-12.2% | $31.0M |
| Cash & Equivalents | $3.9M+174.1% | $1.4M-62.7% | $3.9M+1065.5% | $330K-57.6% | $780K |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $16.6M+4.6% | $15.9M-14.1% | $18.5M+3.3% | $17.9M+52.8% | $11.7M |
| Goodwill | $3.5M | N/A | N/A | N/A | N/A |
| Total Liabilities | $33.4M+64.0% | $20.4M-38.6% | $33.2M+66.5% | $19.9M-35.4% | $30.8M |
| Current Liabilities | $31.9M+58.6% | $20.1M-37.5% | $32.2M+65.9% | $19.4M-36.6% | $30.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.8M-17.5% | $3.4M-65.4% | $10.0M+13.2% | $8.8M+307.0% | $2.2M |
| Retained Earnings | -$28.3M-4.7% | -$27.1M-49.1% | -$18.2M0.0% | -$18.1M+16.2% | -$21.6M |
ZBAO Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
ZBAO Financial Ratios
| Metric | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.86-0.1 | 1.00-0.3 | 1.27-0.1 | 1.40+0.4 | 1.01 |
| Debt-to-Equity | 11.76+5.8 | 5.92+2.6 | 3.33+1.1 | 2.26-12.0 | 14.25 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Zhibao Tech's annual revenue?
Zhibao Tech (ZBAO) reported $38.7M in total revenue for fiscal year 2025. This represents a 53.0% 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 Zhibao Tech's revenue growing?
Zhibao Tech (ZBAO) revenue grew by 53% year-over-year, from $25.3M to $38.7M in fiscal year 2025.
Is Zhibao Tech profitable?
No, Zhibao Tech (ZBAO) reported a net income of -$8.7M in fiscal year 2025, with a net profit margin of -22.4%.
What is Zhibao Tech's EBITDA?
Zhibao Tech (ZBAO) had EBITDA of -$7.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Zhibao Tech's gross margin?
Zhibao Tech (ZBAO) had a gross margin of 41.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Zhibao Tech's operating margin?
Zhibao Tech (ZBAO) had an operating margin of -19.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Zhibao Tech's net profit margin?
Zhibao Tech (ZBAO) had a net profit margin of -22.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Zhibao Tech's return on equity (ROE)?
Zhibao Tech (ZBAO) has a return on equity of -251.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Zhibao Tech's operating cash flow?
Zhibao Tech (ZBAO) generated -$2.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Zhibao Tech's total assets?
Zhibao Tech (ZBAO) had $23.8M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Zhibao Tech spend on research and development?
Zhibao Tech (ZBAO) invested $1.5M in research and development during fiscal year 2025.
What is Zhibao Tech's current ratio?
Zhibao Tech (ZBAO) had a current ratio of 1.00 as of fiscal year 2025, which is considered adequate.
What is Zhibao Tech's debt-to-equity ratio?
Zhibao Tech (ZBAO) had a debt-to-equity ratio of 5.92 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Zhibao Tech's return on assets (ROA)?
Zhibao Tech (ZBAO) had a return on assets of -36.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Zhibao Tech's cash runway?
Based on fiscal year 2025 data, Zhibao Tech (ZBAO) had $1.4M in cash against an annual operating cash burn of $2.9M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Zhibao Tech's Piotroski F-Score?
Zhibao Tech (ZBAO) 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 Zhibao Tech's earnings high quality?
Zhibao Tech (ZBAO) has an earnings quality ratio of 0.33x, considered low quality (accrual-driven). 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.