ZION OIL & GAS INC WTS (ZNOGW) Financials
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 ZNOGW SEC filings page.
This page shows ZION OIL & GAS INC WTS (ZNOGW) 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).
ZNOGW’s dominant mechanic is recurring operating losses funded by equity issuance, expanding its working-capital cushion without an operating turnaround.
Operating cash outflow widened from$5.1M in FY2023 to$8.0M in FY2025 while net losses remained broadly unchanged; cash needs tracked reported losses rather than being dominated by non-cash charges. Shares outstanding rose from 676.0M to 1.18B alongside FY2025 financing cash flow of$21.2M , linking the stronger balance-sheet cushion to external funding rather than internally generated cash.
FY2025 operating loss was
Debt-to-equity fell from 0.1x to 0.1x while the current ratio rose from 1.8x to 5.1x between FY2024 and FY2025. The combination indicates stronger short-term coverage alongside continued reliance on financing inflows, not self-funding operations.
Financial Health Signals
ZION OIL & GAS INC WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
ZION OIL & GAS INC WTS 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 WTS 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 WTS's EBITDA was -$1.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is up 4.6%.
ZION OIL & GAS INC WTS reported -$2.0M in net income in Q2 2026. This represents a decrease of 7.3% from the same quarter a year earlier. Against the prior quarter it is up 1.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
ZION OIL & GAS INC WTS held $9.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
ZION OIL & GAS INC WTS's ROE was -4.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. 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.
ZNOGW 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 | $0 | $0 | $0 | $0 | $0 | $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 | -$2.1M-3.2% | -$2.1M-24.8% | N/A | -$1.7M+4.6% | -$2.0M+4.2% | -$1.7M+4.2% | N/A | -$1.8M-1.6% |
| EBITDA | -$1.8M+1.2% | -$1.9M-24.1% | N/A | -$1.5M+4.8% | -$1.8M+2.3% | -$1.5M+4.2% | N/A | -$1.6M-2.4% |
| Income Tax | $0 | $0 | N/A | $0 | $0 | $0 | N/A | $0 |
| Net Income | -$2.0M-7.3% | -$2.1M-24.4% | -$2.3M-33.0% | -$1.7M+4.0% | -$1.9M+7.0% | -$1.7M+4.4% | -$1.7M-0.3% | -$1.8M-2.8% |
| EPS (Basic) | $0.00 | $0.00 | $0.000.0% | $0.000.0% | $0.00+100.0% | $0.00+100.0% | $0.00+33.3% | $0.00+33.3% |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0.00 |
| 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.
ZNOGW 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | -$305.7M-2.7% | -$303.6M-2.7% | -$301.5M-2.6% | -$299.2M-2.4% | -$297.5M-2.4% | -$295.6M-2.5% | -$293.9M-2.6% | -$292.2M-2.6% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
ZNOGW 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 | -$2.2M-220.9% | -$1.5M+39.8% | -$3.4M-120.3% | -$1.5M-25.8% | -$684K+56.5% | -$2.5M-22.7% | -$1.5M-26.1% | -$1.2M+22.9% |
| 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 | -$2.3M+28.9% | -$4.2M-423.7% | -$1.2M-40.6% | -$1.4M+59.7% | -$3.2M-469.7% | -$798K-146.3% | -$885K-186.4% | -$3.5M-1009.8% |
| 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.
ZNOGW 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 |
| Debt-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, FCF Margin.
Where ZION OIL & GAS INC WTS Ranks
Frequently Asked Questions
Is ZION OIL & GAS INC WTS profitable?
No, ZION OIL & GAS INC WTS (ZNOGW) reported a net income of -$7.6M in fiscal year 2025.
What is ZION OIL & GAS INC WTS's EBITDA?
ZION OIL & GAS INC WTS (ZNOGW) had EBITDA of -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is ZION OIL & GAS INC WTS's return on equity (ROE)?
ZION OIL & GAS INC WTS (ZNOGW) 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 & GAS INC WTS's operating cash flow?
ZION OIL & GAS INC WTS (ZNOGW) recorded an outflow of $8.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are ZION OIL & GAS INC WTS's total assets?
ZION OIL & GAS INC WTS (ZNOGW) had $46.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What is ZION OIL & GAS INC WTS's current ratio?
ZION OIL & GAS INC WTS (ZNOGW) had a current ratio of 5.11 as of fiscal year 2025, which is generally considered healthy.
What is ZION OIL & GAS INC WTS's debt-to-equity ratio?
ZION OIL & GAS INC WTS (ZNOGW) 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 & GAS INC WTS's return on assets (ROA)?
ZION OIL & GAS INC WTS (ZNOGW) 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 & GAS INC WTS's Piotroski F-Score?
ZION OIL & GAS INC WTS (ZNOGW) 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.
Are ZION OIL & GAS INC WTS's earnings high quality?
ZION OIL & GAS INC WTS (ZNOGW) 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.