What is ZOOMCAR HLDGS INC's earnings per share (EPS)?

ZOOMCAR HLDGS INC (ZCARW) reported diluted earnings per share of $-51.84 for fiscal year 2025. 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.

ZOOMCAR HLDGS INC Financials

ZCARW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE March

This page shows ZOOMCAR HLDGS INC (ZCARW) 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).

Rhea AI ZCARW FY2025 2026-04-22

Gross margin repaired, but cash burn and near-term liabilities still make this a financing-dependent operating model.

Over the latest year, gross margin swung from -4.4% to 41.8%, so the core revenue activity stopped losing money before headquarters costs are counted. But operating cash flow was still -$9.1M while the current ratio was just 0.1x, showing that better unit economics have not yet turned into self-funding operations.

Revenue stayed near $9.1M, yet the operating loss narrowed because selling and development costs came down sharply; that makes the improvement look more like cost discipline than demand-led scaling. In other words, the company is getting leaner faster than it is getting larger.

The balance sheet is being carried by creditors and fresh funding: liabilities of $30.7M sit against only $5.4M of assets, leaving negative equity and very little short-term cushion. That helps explain why financing inflows remained important even after the gross-profit line turned positive; operations still are not covering the business.

Financial Health Signals

Financial Profile 6/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of ZOOMCAR HLDGS INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

ZOOMCAR HLDGS INC has an operating margin of -114.2%, meaning the company retains $-114 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -320.0% the prior year.

Growth

ZOOMCAR HLDGS INC's revenue declined 8% year-over-year, from $9.9M to $9.1M. This contraction results in a growth score of 36/100.

Liquidity

ZOOMCAR HLDGS INC's current ratio of 0.10 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

3/9

ZOOMCAR HLDGS INC passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.35x

For every $1 of reported earnings, ZOOMCAR HLDGS INC generates $0.35 in operating cash flow (-$9.1M OCF vs -$25.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-65.3x

ZOOMCAR HLDGS INC earns $-65.3 in operating income for every $1 of interest expense (-$10.4M vs $159K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.1M

YoY-8.0%

ZOOMCAR HLDGS INC generated $9.1M in revenue in fiscal year 2025. This represents a decrease of 8.0% from the prior year.

EBITDA

-$10.0M

YoY+67.5%

ZOOMCAR HLDGS INC's EBITDA was -$10.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 67.5% from the prior year.

Net Income

-$25.6M

YoY+25.2%

ZOOMCAR HLDGS INC reported -$25.6M in net income in fiscal year 2025. This represents an increase of 25.2% from the prior year.

EPS (Diluted)

$-51.84

ZOOMCAR HLDGS INC earned $-51.84 per diluted share (EPS) in fiscal year 2025. This represents an increase of 98.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.1M

YoY-28.0%

ZOOMCAR HLDGS INC held $1.1M in cash against $2.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

ZOOMCAR HLDGS INC had 2M shares outstanding in fiscal year 2025. This represents an increase of 7556.8% from the prior year.

Margins & Returns

Gross Margin

41.8%

YoY+46.2pp

ZOOMCAR HLDGS INC's gross margin was 41.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 46.2 percentage points from the prior year.

Operating Margin

-114.2%

YoY+205.8pp

ZOOMCAR HLDGS INC's operating margin was -114.2% in fiscal year 2025, reflecting core business profitability. This is up 205.8 percentage points from the prior year.

Net Margin

-281.4%

YoY+64.9pp

ZOOMCAR HLDGS INC's net profit margin was -281.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 64.9 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$3.0M

YoY-31.8%

ZOOMCAR HLDGS INC invested $3.0M in research and development in fiscal year 2025. This represents a decrease of 31.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

ZCARW Income Statement

Metric	FY25	FY24	FY23
Revenue	$9.1M-8.0%	$9.9M+12.1%	$8.8M
Cost of Revenue	$5.3M-48.7%	$10.3M-50.0%	$20.7M
Gross Profit	$3.8M+976.9%	-$434K+96.3%	-$11.8M
R&D Expenses	$3.0M-31.8%	$4.3M-16.0%	$5.2M
SG&A Expenses	$9.8M-43.3%	$17.2M+35.8%	$12.7M
Operating Income	-$10.4M+67.2%	-$31.7M-295.4%	-$8.0M
Interest Expense	$159K+435.2%	$30K+327.2%	-$13K
Income Tax	N/A	N/A	N/A
Net Income	-$25.6M+25.2%	-$34.3M-641.0%	-$4.6M
EPS (Diluted)	$-51.84	$-3839.73	$-128.52

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$2.4M+3.4%	$2.3M-1.1%	$2.3M+6.6%	$2.2M-11.5%	$2.4M+9.0%	$2.2M+0.3%	$2.2M+2.8%	$2.2M
Cost of Revenue	$1.1M-9.8%	$1.2M-8.9%	$1.3M+22.6%	$1.1M-28.5%	$1.5M+23.6%	$1.2M-19.8%	$1.5M-61.9%	$4.0M
Gross Profit	$1.3M+17.9%	$1.1M+9.1%	$999K-8.9%	$1.1M+15.4%	$950K-8.1%	$1.0M+41.8%	$729K+140.7%	-$1.8M
R&D Expenses	$679K-7.1%	$730K+2.9%	$709K+22.4%	$580K-22.6%	$749K+2.0%	$735K-18.5%	$902K+7.6%	$838K
SG&A Expenses	$1.9M-10.6%	$2.2M+14.8%	$1.9M-24.3%	$2.5M-23.8%	$3.2M+96.1%	$1.7M-31.0%	$2.4M-14.9%	$2.8M
Operating Income	-$1.5M+25.6%	-$2.0M-12.4%	-$1.8M+20.5%	-$2.2M+31.5%	-$3.2M-105.9%	-$1.6M+53.4%	-$3.4M+58.8%	-$8.2M
Interest Expense	$76K+9.6%	$70K+1546.6%	$4K+101.8%	-$229K-226.6%	$181K+37.9%	$131K+72.2%	$76K+128.1%	-$271K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$721K+9.2%	-$794K+81.1%	-$4.2M+64.4%	-$11.8M-49.2%	-$7.9M-136.3%	-$3.4M-32.4%	-$2.5M+66.3%	-$7.5M
EPS (Diluted)	$-0.06+14.3%	$-0.07+86.0%	$-0.50	N/A	$-71.26	$-88.56	$-73.90	N/A

ZCARW Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$5.4M-41.6%	$9.2M-44.3%	$16.5M
Current Assets	$3.0M-40.4%	$5.1M-54.3%	$11.1M
Cash & Equivalents	$1.1M-28.0%	$1.5M-59.4%	$3.7M
Inventory	N/A	N/A	N/A
Accounts Receivable	$201K+3.3%	$194K-23.9%	$255K
Goodwill	N/A	N/A	N/A
Total Liabilities	$30.7M-28.4%	$42.9M-83.7%	$262.5M
Current Liabilities	$29.5M-5.7%	$31.3M+114.2%	$14.6M
Long-Term Debt	$2.3M-20.7%	$2.9M-6.2%	$3.0M
Total Equity	-$25.3M+24.8%	-$33.7M+86.3%	-$246.0M
Retained Earnings	-$333.2M-8.3%	-$307.6M-13.9%	-$270.0M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$2.8M-11.0%	$3.1M-20.2%	$3.9M-27.1%	$5.4M-43.9%	$9.5M+54.2%	$6.2M-22.9%	$8.0M-12.5%	$9.2M
Current Assets	$910K-20.3%	$1.1M-32.6%	$1.7M-43.7%	$3.0M-49.9%	$6.0M+128.0%	$2.6M-38.0%	$4.3M-15.9%	$5.1M
Cash & Equivalents	$208K+22.9%	$169K-56.0%	$385K-64.2%	$1.1M-75.5%	$4.4M+615.9%	$614K-61.2%	$1.6M+5.8%	$1.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$52K-44.5%	$94K-0.2%	$95K-52.9%	$201K+106.6%	$97K-5.4%	$103K-37.6%	$164K-15.3%	$194K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$30.2M-2.0%	$30.8M+0.4%	$30.7M0.0%	$30.7M-36.0%	$48.0M+23.2%	$38.9M-1.4%	$39.5M-7.9%	$42.9M
Current Liabilities	$29.2M-1.8%	$29.7M+0.7%	$29.5M0.0%	$29.5M-36.9%	$46.8M+24.2%	$37.7M-1.2%	$38.1M+21.8%	$31.3M
Long-Term Debt	N/A	N/A	N/A	$2.3M-24.0%	$3.0M-18.9%	$3.7M	N/A	$2.9M
Total Equity	-$27.4M+1.0%	-$27.7M-3.4%	-$26.8M-5.7%	-$25.3M+34.0%	-$38.4M-17.3%	-$32.8M-4.1%	-$31.5M+6.6%	-$33.7M
Retained Earnings	-$338.9M-0.2%	-$338.2M-0.2%	-$337.4M-1.3%	-$333.2M-3.7%	-$321.4M-2.5%	-$313.4M-1.1%	-$310.1M-0.8%	-$307.6M

ZCARW Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	-$9.1M+59.1%	-$22.2M-1411.0%	-$1.5M
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	$492K+60359.5%	$814-100.0%	$3.9M
Financing Cash Flow	$8.3M-59.1%	$20.2M+3940.4%	$500K
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$772K-23.8%	-$624K-795.0%	$90K+102.2%	-$4.0M-58.5%	-$2.5M-253.4%	-$720K+59.5%	-$1.8M+87.0%	-$13.7M
Capital Expenditures	$3K+53516.7%	-$6-100.8%	$718	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	-$776K-24.4%	-$624K-800.6%	$89K	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$4K-644.7%	$701+166.1%	-$1K-103.7%	$29K-63.7%	$79K+16.1%	$68K-78.6%	$317K+404.6%	$63K
Financing Cash Flow	$10K-99.1%	$1.2M+244.6%	-$826K-244.3%	$573K-91.1%	$6.4M+2229.3%	-$302K-119.4%	$1.6M-82.6%	$9.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ZCARW Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	41.8%+46.2pp	-4.4%+129.9pp	-134.3%
Operating Margin	-114.2%+205.8pp	-320.0%-229.2pp	-90.8%
Net Margin	-281.4%+64.9pp	-346.3%-293.9pp	-52.4%
Return on Equity	N/A	N/A	N/A
Return on Assets	-478.3%-104.6pp	-373.7%-345.6pp	-28.1%
Current Ratio	0.10-0.1	0.16-0.6	0.76
Debt-to-Equity	-0.090.0	-0.08-0.1	-0.01
FCF Margin	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	54.3%+6.7pp	47.6%+4.4pp	43.2%-7.4pp	50.6%+11.8pp	38.8%-7.2pp	46.0%+13.5pp	32.5%+114.7pp	-82.1%
Operating Margin	-62.3%+24.3pp	-86.6%-10.4pp	-76.2%+26.0pp	-102.2%+30.0pp	-132.2%-62.2pp	-70.0%+80.6pp	-150.6%+225.0pp	-375.6%
Net Margin	-30.5%+4.2pp	-34.7%+147.1pp	-181.8%+363.1pp	-544.9%-221.5pp	-323.4%-174.3pp	-149.2%-36.2pp	-113.0%+231.9pp	-344.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-26.0%-0.5pp	-25.5%+82.2pp	-107.6%+112.9pp	-220.6%-137.6pp	-83.0%-28.8pp	-54.2%-22.6pp	-31.6%+50.4pp	-82.0%
Current Ratio	0.030.0	0.04-0.0	0.06-0.0	0.10-0.0	0.13+0.1	0.07-0.0	0.11-0.1	0.16
Debt-to-Equity	-1.10+0.0	-1.11+0.0	-1.15-1.1	-0.09-0.0	-0.08+0.0	-0.11+1.1	-1.25-1.2	-0.08
FCF Margin	-32.8%-5.5pp	-27.3%-31.1pp	3.9%	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$25.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.10), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is ZOOMCAR HLDGS INC's annual revenue?

ZOOMCAR HLDGS INC (ZCARW) reported $9.1M in total revenue for fiscal year 2025. This represents a -8.0% 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 ZOOMCAR HLDGS INC's revenue growing?

ZOOMCAR HLDGS INC (ZCARW) revenue declined by 8% year-over-year, from $9.9M to $9.1M in fiscal year 2025.

Is ZOOMCAR HLDGS INC profitable?

No, ZOOMCAR HLDGS INC (ZCARW) reported a net income of -$25.6M in fiscal year 2025, with a net profit margin of -281.4%.

What is ZOOMCAR HLDGS INC's EBITDA?

ZOOMCAR HLDGS INC (ZCARW) had EBITDA of -$10.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ZOOMCAR HLDGS INC have?

As of fiscal year 2025, ZOOMCAR HLDGS INC (ZCARW) had $1.1M in cash and equivalents against $2.3M in long-term debt.

What is ZOOMCAR HLDGS INC's gross margin?

ZOOMCAR HLDGS INC (ZCARW) had a gross margin of 41.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is ZOOMCAR HLDGS INC's operating margin?

ZOOMCAR HLDGS INC (ZCARW) had an operating margin of -114.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is ZOOMCAR HLDGS INC's net profit margin?

ZOOMCAR HLDGS INC (ZCARW) had a net profit margin of -281.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is ZOOMCAR HLDGS INC's operating cash flow?

ZOOMCAR HLDGS INC (ZCARW) generated -$9.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are ZOOMCAR HLDGS INC's total assets?

ZOOMCAR HLDGS INC (ZCARW) had $5.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does ZOOMCAR HLDGS INC spend on research and development?

ZOOMCAR HLDGS INC (ZCARW) invested $3.0M in research and development during fiscal year 2025.

How many shares does ZOOMCAR HLDGS INC have outstanding?

ZOOMCAR HLDGS INC (ZCARW) had 2M shares outstanding as of fiscal year 2025.

What is ZOOMCAR HLDGS INC's current ratio?

ZOOMCAR HLDGS INC (ZCARW) had a current ratio of 0.10 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is ZOOMCAR HLDGS INC's debt-to-equity ratio?

ZOOMCAR HLDGS INC (ZCARW) had a debt-to-equity ratio of -0.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ZOOMCAR HLDGS INC's return on assets (ROA)?

ZOOMCAR HLDGS INC (ZCARW) had a return on assets of -478.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is ZOOMCAR HLDGS INC's cash runway?

Based on fiscal year 2025 data, ZOOMCAR HLDGS INC (ZCARW) had $1.1M in cash against an annual operating cash burn of $9.1M. This gives an estimated cash runway of approximately 1 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.

Why is ZOOMCAR HLDGS INC's debt-to-equity ratio negative or unusual?

ZOOMCAR HLDGS INC (ZCARW) has negative shareholder equity of -$25.3M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is ZOOMCAR HLDGS INC's Piotroski F-Score?

ZOOMCAR HLDGS INC (ZCARW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 ZOOMCAR HLDGS INC's earnings high quality?

ZOOMCAR HLDGS INC (ZCARW) has an earnings quality ratio of 0.35x, 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.

Can ZOOMCAR HLDGS INC cover its interest payments?

ZOOMCAR HLDGS INC (ZCARW) has an interest coverage ratio of -65.3x, meaning it can struggle to cover its interest obligations. 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.

How financially healthy is ZOOMCAR HLDGS INC?

ZOOMCAR HLDGS INC (ZCARW) scores 6 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.