Zion Oil & Gas (ZNOG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ZNOG SEC filings page.
This page shows Zion Oil & Gas Inc (ZNOG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
The business remains a cash-consuming operation, with expansion funded mainly by external financing rather than internally generated cash.
From FY2024 to FY2025, assets grew45.6% while liabilities grew only12.9% , indicating the balance sheet expanded chiefly through equity-backed funding rather than a comparable increase in obligations. That structure matters because FY2025 operating cash flow was-$8.0M , while financing cash flow was$21.2M : cash needs were supported by capital raised outside the operation.
Liquidity improved sharply: the current ratio rose from 1.8x in FY2024 to 5.1x in FY2025 as current assets increased while current liabilities barely changed. That creates a stronger short-term cushion, but operations still did not provide cash.
FY2025 net loss was
Financial Health Signals
We do not publish a peer-relative financial health score for Zion Oil & Gas Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Zion Oil & Gas Inc passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Zion Oil & Gas Inc reported a net loss of $7.6M while operations used $8.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Zion Oil & Gas Inc's EBITDA was -$1.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Zion Oil & Gas Inc reported a net loss of $2.0M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Zion Oil & Gas Inc held $9.6M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Zion Oil & Gas Inc's quarterly ROE was -4.1% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
ZNOG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-K | Q1'2510-K | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% |
| SG&A Expenses | $1.1M+1.7% | $1.5M+32.7% | N/A | $1.1M-2.3% | $1.1M-8.3% | $1.1M-6.3% | N/A | $1.1M-14.2% |
| Operating Income | -$2.1Mn/m | -$2.1Mn/m | N/A | -$1.7Mn/m | -$2.0Mn/m | -$1.7Mn/m | N/A | -$1.8Mn/m |
| EBITDA | -$1.8Mn/m | -$1.9Mn/m | N/A | -$1.5Mn/m | -$1.8Mn/m | -$1.5Mn/m | N/A | -$1.6Mn/m |
| Income Tax | $0n/m | $0n/m | N/A | $0n/m | $0n/m | $0n/m | N/A | $0 |
| Net Income | -$2.0Mn/m | -$2.1Mn/m | -$2.3Mn/m | -$1.7Mn/m | -$1.9Mn/m | -$1.7Mn/m | -$1.7Mn/m | -$1.8Mn/m |
| EPS (Basic) | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0.00n/m |
| Diluted Shares (Avg) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 843M+45.8% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.
ZNOG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-K | Q1'2510-K | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $54.8M+28.3% | $52.6M+46.2% | $46.3M+45.6% | $44.7M+49.7% | $42.7M+48.3% | $36.0M+34.1% | $31.8M+26.3% | $29.9M+20.7% |
| Current Assets | $13.1M+27.7% | $13.9M+86.3% | $11.5M+193.4% | $12.0M+395.4% | $10.3M+128.4% | $7.4M+145.3% | $3.9M+71.5% | $2.4M+25.3% |
| Cash & Equivalents | $9.6M+11.7% | $10.7M+111.5% | $8.3M+265.9% | $10.4M+1231.6% | $8.6M+249.7% | $5.1M+353.6% | $2.3M+269.4% | $779K+52.7% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $5.0M+21.8% | $4.1M+29.5% | $3.9M+12.9% | $3.0M-7.1% | $4.1M+12.6% | $3.2M-13.2% | $3.4M+7.9% | $3.3M+27.5% |
| Current Liabilities | $3.4M+14.5% | $2.5M+24.4% | $2.3M+1.3% | $1.8M-14.1% | $3.0M+18.5% | $2.0M-17.2% | $2.2M-15.6% | $2.1M+2.1% |
| Non-Current Liabilities | $1.7M+39.9% | $1.6M+38.5% | $1.6M+34.5% | $1.2M+5.2% | $1.2M0.0% | $1.2M-5.1% | $1.2M+126.6% | $1.2M+127.1% |
| Total Equity | $49.8M+29.0% | $48.4M+47.8% | $42.4M+49.5% | $41.7M+56.6% | $38.6M+53.5% | $32.8M+41.7% | $28.4M+28.9% | $26.6M+20.0% |
| Retained Earnings | -$305.7Mn/m | -$303.6Mn/m | -$301.5Mn/m | -$299.2Mn/m | -$297.5Mn/m | -$295.6Mn/m | -$293.9Mn/m | -$292.2Mn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
ZNOG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-K | Q1'2510-K | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2Mn/m | -$1.5Mn/m | -$3.4Mn/m | -$1.5Mn/m | -$684Kn/m | -$2.5Mn/m | -$1.5Mn/m | -$1.2Mn/m |
| Depreciation & Amortization | $265K+47.2% | $240K+30.4% | $181K0.0% | $176K-2.8% | $180K-20.0% | $184K-4.2% | $181K+9.0% | $181K-4.7% |
| Stock-Based Compensation | N/A | $42K+133.3% | N/A | N/A | N/A | $18K-85.4% | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $16K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.2M |
| Investing Cash Flow | -$2.3Mn/m | -$4.2Mn/m | -$1.2Mn/m | -$1.4Mn/m | -$3.2Mn/m | -$798Kn/m | -$885Kn/m | -$3.5Mn/m |
| Financing Cash Flow | $3.4M-54.0% | $8.0M+33.2% | $3.0M-22.2% | $4.7M+55.4% | $7.4M+111.6% | $6.0M+112.9% | $3.9M+139.1% | $3.0M+66.1% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ZNOG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-K | Q1'2510-K | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -4.1%+0.8pp | -4.3%+0.8pp | -5.5%+0.7pp | -4.1%+2.6pp | -5.0%+3.2pp | -5.1%+2.5pp | -6.2%+1.8pp | -6.7%+1.1pp |
| Return on Assets | -3.7%+0.7pp | -4.0%+0.7pp | -5.0%+0.5pp | -3.9%+2.1pp | -4.5%+2.7pp | -4.7%+1.9pp | -5.5%+1.4pp | -6.0%+1.0pp |
| Current Ratio | 3.87+0.4x | 5.44+1.8x | 5.11+3.3x | 6.70+5.5x | 3.47+1.7x | 3.63+2.4x | 1.76+0.9x | 1.16+0.2x |
| Liabilities-to-Equity | 0.100.0x | 0.090.0x | 0.090.0x | 0.070.0x | 0.110.0x | 0.10-0.1x | 0.120.0x | 0.120.0x |
| Asset Turnover | N/A | N/A | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Debt-to-Equity, FCF Margin.
Where Zion Oil & Gas Inc Ranks
Frequently Asked Questions
No, Zion Oil & Gas Inc (ZNOG) reported a net loss of $8.2M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $7.6M.
Zion Oil & Gas Inc (ZNOG) had EBITDA of -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Zion Oil & Gas Inc (ZNOG) has a return on equity of -18.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Zion Oil & Gas Inc (ZNOG) recorded an outflow of $8.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Zion Oil & Gas Inc (ZNOG) had $46.3M in total assets as of fiscal year 2025, including both current and long-term assets.
Zion Oil & Gas Inc (ZNOG) had a current ratio of 5.11 as of fiscal year 2025, which is generally considered healthy.
Zion Oil & Gas Inc (ZNOG) had a liabilities-to-equity ratio of 0.09 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Zion Oil & Gas Inc (ZNOG) had a return on assets of -16.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Zion Oil & Gas Inc (ZNOG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $411.3M as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Zion Oil & Gas Inc (ZNOG) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $411.3M as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, Zion Oil & Gas Inc (ZNOG) held $8.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.0M over that year. Dividing the one by the other, the reported balance equals about 12 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Zion Oil & Gas Inc (ZNOG) has a Piotroski F-Score of 2 out of 6 computable signals; 3 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.
Zion Oil & Gas Inc (ZNOG) reported a net loss of $7.6M while operations used $8.0M 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.