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 25 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
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 Zion Oil'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.
Zion Oil carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.11, Zion Oil holds $5.11 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Zion Oil generates a -18.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -25.9% the prior year.
Zion Oil passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Zion Oil generates $1.05 in operating cash flow (-$8.0M OCF vs -$7.6M 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
Zion Oil's EBITDA was -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.9% from the prior year.
Zion Oil reported -$7.6M in net income in fiscal year 2025. This represents a decrease of 3.9% from the prior year.
Cash & Balance Sheet
Zion Oil held $8.3M in cash against $0 in long-term debt as of fiscal year 2025.
Zion Oil had 1.16B shares outstanding in fiscal year 2025. This represents an increase of 19.8% from the prior year.
Margins & Returns
Zion Oil's ROE was -18.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.9 percentage points from the prior year.
Capital Allocation
ZNOG Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $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 | N/A | $1.1M+1.5% | $1.1M0.0% | $1.1M | N/A | $1.1M-4.8% | $1.2M+2.2% | $1.2M |
| Operating Income | N/A | -$1.7M+15.2% | -$2.0M-17.4% | -$1.7M | N/A | -$1.8M+14.8% | -$2.1M-17.4% | -$1.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $0 | $0 | $0 | N/A | $0 | $0 | $0 |
| Net Income | -$2.3M-35.1% | -$1.7M+10.0% | -$1.9M-14.1% | -$1.7M+4.1% | -$1.7M+2.5% | -$1.8M+12.8% | -$2.1M-17.2% | -$1.8M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | $0.00 | $0.00 | $0.00 |
ZNOG Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $46.3M+3.5% | $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 |
| Current Assets | $11.5M-3.7% | $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 |
| Cash & Equivalents | $8.3M-19.9% | $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 |
| 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 | $3.9M+27.1% | $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 |
| Current Liabilities | $2.3M+26.4% | $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 |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $42.4M+1.8% | $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 |
| Retained Earnings | -$301.5M-0.8% | -$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 |
ZNOG Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.4M-131.0% | -$1.5M-115.2% | -$684K+72.2% | -$2.5M-59.2% | -$1.5M-31.9% | -$1.2M+25.6% | -$1.6M+21.5% | -$2.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $16K-55.6% | $36K+414.3% | $7K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$1.2M+26.2% | -$1.6M+20.0% | -$2.0M |
| Investing Cash Flow | -$1.2M+12.1% | -$1.4M+55.5% | -$3.2M-298.4% | -$798K+9.8% | -$885K+74.8% | -$3.5M-528.5% | -$558K-72.2% | -$324K |
| Financing Cash Flow | $3.0M-34.6% | $4.7M-37.3% | $7.4M+22.9% | $6.0M+54.2% | $3.9M+30.6% | $3.0M-14.5% | $3.5M+23.6% | $2.8M |
| 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 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | -5.5%-1.3pp | -4.1%+0.8pp | -5.0%+0.2pp | -5.1%+1.0pp | -6.2%+0.6pp | -6.7%+1.4pp | -8.2%-0.6pp | -7.6% |
| Return on Assets | -5.0%-1.2pp | -3.9%+0.6pp | -4.5%+0.2pp | -4.7%+0.8pp | -5.5%+0.5pp | -6.0%+1.1pp | -7.1%-0.6pp | -6.5% |
| Current Ratio | 5.11-1.6 | 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 |
| Debt-to-Equity | 0.09+0.0 | 0.07-0.0 | 0.110.0 | 0.10-0.0 | 0.120.0 | 0.12-0.0 | 0.15-0.0 | 0.16 |
| 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 -$7.6M in fiscal year 2025.
What is Zion Oil's EBITDA?
Zion Oil (ZNOG) had EBITDA of -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Zion Oil's return on equity (ROE)?
Zion Oil (ZNOG) has a return on equity of -18.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Zion Oil's operating cash flow?
Zion Oil (ZNOG) generated -$8.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Zion Oil's total assets?
Zion Oil (ZNOG) had $46.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Zion Oil's current ratio?
Zion Oil (ZNOG) had a current ratio of 5.11 as of fiscal year 2025, which is generally considered healthy.
What is Zion Oil's debt-to-equity ratio?
Zion Oil (ZNOG) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, 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 -16.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Zion Oil's cash runway?
Based on fiscal year 2025 data, Zion Oil (ZNOG) had $8.3M in cash against an annual operating cash burn of $8.0M. This gives an estimated cash runway of approximately 12 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 2 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 Zion Oil's earnings high quality?
Zion Oil (ZNOG) has an earnings quality ratio of 1.05x, 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.
How financially healthy is Zion Oil?
Zion Oil (ZNOG) scores 33 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.