Zion Oil Financials
This page shows Zion Oil (ZNOG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 24 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).
Financial Health Signals
Zion Oil passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Zion Oil generates $0.85 in operating cash flow (-$6.2M OCF vs -$7.3M 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
Zion Oil's EBITDA was -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.7% from the prior year.
Zion Oil reported -$7.3M in net income in fiscal year 2024. This represents an increase of 7.7% from the prior year.
Zion Oil held $2.3M in cash against $0 in long-term debt as of fiscal year 2024.
Zion Oil had 965M shares outstanding in fiscal year 2024. This represents an increase of 50.8% from the prior year.
ZNOG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.1M+1.5% | $1.1M0.0% | $1.1M | N/A | $1.1M-4.8% | $1.2M+2.2% | $1.2M | N/A |
| Operating Income | -$1.7M+15.2% | -$2.0M-17.4% | -$1.7M | N/A | -$1.8M+14.8% | -$2.1M-17.4% | -$1.8M | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | $0-100.0% | $54K-23.9% | $71K | N/A |
| Income Tax | $0 | $0 | $0 | N/A | $0 | $0 | $0 | N/A |
| Net Income | -$1.7M+10.0% | -$1.9M-14.1% | -$1.7M+4.1% | -$1.7M+2.5% | -$1.8M+13.2% | -$2.1M-17.1% | -$1.8M-1.2% | -$1.7M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | $0.00 | $0.00 | $0.00 | N/A |
ZNOG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $44.7M+4.6% | $42.7M+18.8% | $36.0M+13.1% | $31.8M+6.5% | $29.9M+3.7% | $28.8M+7.5% | $26.8M+6.5% | $25.2M |
| Current Assets | $12.0M+16.6% | $10.3M+38.0% | $7.4M+89.3% | $3.9M+62.6% | $2.4M-46.2% | $4.5M+48.2% | $3.0M+32.4% | $2.3M |
| Cash & Equivalents | $10.4M+20.5% | $8.6M+70.1% | $5.1M+122.6% | $2.3M+191.7% | $779K-68.3% | $2.5M+120.7% | $1.1M+81.3% | $615K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.0M-26.8% | $4.1M+29.2% | $3.2M-6.2% | $3.4M+4.7% | $3.3M-11.3% | $3.7M-0.4% | $3.7M+16.6% | $3.2M |
| Current Liabilities | $1.8M-39.6% | $3.0M+44.3% | $2.0M-8.0% | $2.2M+7.1% | $2.1M-16.6% | $2.5M+0.8% | $2.5M-6.3% | $2.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $41.7M+8.0% | $38.6M+17.8% | $32.8M+15.4% | $28.4M+6.7% | $26.6M+5.8% | $25.1M+8.7% | $23.1M+5.0% | $22.0M |
| Retained Earnings | -$299.2M-0.6% | -$297.5M-0.6% | -$295.6M-0.6% | -$293.9M-0.6% | -$292.2M-0.6% | -$290.4M-0.7% | -$288.3M-0.6% | -$286.6M |
ZNOG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5M-115.2% | -$684K+72.2% | -$2.5M-65.5% | -$1.5M-26.9% | -$1.2M+25.6% | -$1.6M+21.5% | -$2.0M-63.6% | -$1.2M |
| Capital Expenditures | $0-100.0% | $9K-55.0% | $20K+400.0% | $4K-75.0% | $16K-55.6% | $36K+414.3% | $7K-63.2% | $19K |
| Free Cash Flow | -$1.2M+27.2% | -$1.7M+18.5% | -$2.1M-49.8% | -$1.4M-16.7% | -$1.2M+26.2% | -$1.6M+20.0% | -$2.0M-24.4% | -$1.6M |
| Investing Cash Flow | -$1.4M+55.5% | -$3.2M-298.4% | -$798K+9.8% | -$885K+74.8% | -$3.5M-528.5% | -$558K-72.2% | -$324K-4.9% | -$309K |
| Financing Cash Flow | $4.7M-37.3% | $7.4M+22.9% | $6.0M+56.5% | $3.9M+28.7% | $3.0M-14.5% | $3.5M+23.6% | $2.8M+73.3% | $1.6M |
| 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 |
ZNOG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -3.9%+0.6pp | -4.5%+0.2pp | -4.7%+0.8pp | -5.5%+0.5pp | -6.0%+1.2pp | -7.2%-0.6pp | -6.6%+0.3pp | -6.9% |
| Current Ratio | 6.70+3.2 | 3.47-0.2 | 3.63+1.9 | 1.76+0.6 | 1.16-0.6 | 1.80+0.6 | 1.23+0.4 | 0.87 |
| Debt-to-Equity | 0.07-0.0 | 0.110.0 | 0.10-0.0 | 0.120.0 | 0.12-0.0 | 0.15-0.0 | 0.16+0.0 | 0.14 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Zion Oil profitable?
No, Zion Oil (ZNOG) reported a net income of -$7.3M in fiscal year 2024.
What is Zion Oil's EBITDA?
Zion Oil (ZNOG) had EBITDA of -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Zion Oil's operating cash flow?
Zion Oil (ZNOG) generated -$6.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Zion Oil's total assets?
Zion Oil (ZNOG) had $31.8M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Zion Oil have outstanding?
Zion Oil (ZNOG) had 965M shares outstanding as of fiscal year 2024.
What is Zion Oil's current ratio?
Zion Oil (ZNOG) had a current ratio of 1.76 as of fiscal year 2024, which is generally considered healthy.
What is Zion Oil's debt-to-equity ratio?
Zion Oil (ZNOG) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Zion Oil's return on assets (ROA)?
Zion Oil (ZNOG) had a return on assets of -23.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Zion Oil's cash runway?
Based on fiscal year 2024 data, Zion Oil (ZNOG) had $2.3M in cash against an annual operating cash burn of $6.2M. This gives an estimated cash runway of approximately 4 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 Zion Oil's Piotroski F-Score?
Zion Oil (ZNOG) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Zion Oil's earnings high quality?
Zion Oil (ZNOG) has an earnings quality ratio of 0.85x, 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.