Zrcn Inc (ZRCN) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Jul 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ZRCN SEC filings page.
Zrcn Inc (ZRCN) reported $28.3M in revenue over the twelve months to Dec 31, 2025, down 7.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Working-capital release supplied cash in FY2025 even as weaker margins and heavier leverage pushed reported earnings sharply negative.
FY2025 paired a$2.89M net loss with operating cash flow of$2.15M , an unusual split that indicates cash generation was aided by shrinking working-capital balances rather than profitable operations. The resulting$1.36M of free cash flow therefore says more about balance-sheet cash release than recurring earnings conversion.
Revenue fell in FY2025 as gross margin compressed from
The balance sheet became more leveraged while short-term coverage narrowed in FY2025, with debt-to-equity at 4.6x and current ratio at 1.2x. Equity fell to
Financial Health Signals
Zrcn Inc 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.
Zrcn Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Zrcn Inc reported a net loss of $2.9M while generating $2.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Zrcn Inc reported an operating loss of $2.5M against $804K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Zrcn Inc generated $7.1M in revenue in Q3 2026. This represents a decrease of 1.2% from the same quarter a year earlier. Against the prior quarter it is down 24.2%.
Zrcn Inc's EBITDA was -$939K in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1143.3% from the same quarter a year earlier. Against the prior quarter it is down 129.0%.
Zrcn Inc reported -$1.4M in net income in Q3 2026. This represents a decrease of 2956.3% from the same quarter a year earlier. Against the prior quarter it is down 144.0%.
Zrcn Inc earned -$0.14 per diluted share (EPS) in Q3 2026. Against the prior quarter it is down 133.3%.
Cash & Balance Sheet
Zrcn Inc generated $2.6M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 29.3% from the same quarter a year earlier. Against the prior quarter it is up 280.7%.
Zrcn Inc held $742K in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Margins & Returns
Zrcn Inc's gross margin was 38.3% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.5 percentage points.
Zrcn Inc's operating margin was -15.9% in Q3 2026, reflecting core business profitability. This is down 10.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.5 percentage points.
Zrcn Inc's net profit margin was -19.2% in Q3 2026, showing the share of revenue converted to profit. This is down 19.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.2 percentage points.
Zrcn Inc's ROE was -1046.6% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 1047.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1006.7 percentage points.
Capital Allocation
Zrcn Inc invested $407K in research and development in Q3 2026. This represents an increase of 4.1% from the same quarter a year earlier. Against the prior quarter it is down 4.9%.
Zrcn Inc invested $171K in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 280.0% from the same quarter a year earlier. Against the prior quarter it is up 510.7%.
Not reported for Q3 2026.
ZRCN 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.1M-1.2% | $9.4M+0.7% | $6.1M+4.3% | $5.7M-30.5% | $7.2M-4.0% | $9.4M+1.1% | $5.8M-11.5% | $8.2M |
| Cost of Revenue | $4.4M+4.8% | $6.6M+23.5% | $4.7M+35.4% | $3.9M-16.9% | $4.2M-6.2% | $5.4M+9.9% | $3.5M-4.5% | $4.7M |
| Gross Profit | $2.7M-9.5% | $2.8M-29.8% | $1.4M-41.4% | $1.8M-49.0% | $3.0M-0.9% | $4.0M-8.7% | $2.4M-20.1% | $3.4M |
| R&D Expenses | $407K+4.1% | $428K-0.9% | $411K-3.3% | $464K-0.2% | $391K-15.9% | $432K-14.1% | $425K-12.4% | $465K |
| SG&A Expenses | $2.2M+30.3% | $1.7M-14.2% | $1.4M-1.0% | $2.2M+19.5% | $1.7M+13.6% | $2.0M+17.7% | $1.5M-12.5% | $1.8M+4378.4% |
| Operating Income | -$1.1M-177.8% | -$510K-214.9% | -$1.6M-274.4% | -$2.1M-1449.3% | -$410K-322.7% | $444K-60.7% | -$438K-25.1% | $152K+474.7% |
| EBITDA | -$939K-1143.3% | -$410K-163.7% | -$1.4M-545.0% | -$2.0M-560.2% | $90K+2900.0% | $644K-47.7% | -$220K-29.4% | $437K+6613.8% |
| Interest Expense | $168K-17.6% | $201K-1.0% | $204K-8.5% | $174K-1.7% | $204K-11.0% | $203K+15.7% | $223K+41.8% | $177K |
| Income Tax | $19K-87.3% | -$198K-13.1% | $18K-14.3% | $577K+557.9% | $150K+552.2% | -$175K-231.6% | $21K+121.0% | -$126K |
| Net Income | -$1.4M-2956.3% | -$562K-219.8% | -$2.1M-209.0% | -$2.7M-3757.3% | $48K+111.7% | $469K-45.1% | -$664K-42.5% | $75K+270.1% |
| EPS (Basic) | -$0.14 | -$0.06-200.0% | -$0.20-185.7% | -$0.28-1300.0% | $0.00+100.0% | $0.06-33.3% | -$0.07-40.0% | -$0.02-900.0% |
| EPS (Diluted) | -$0.14 | -$0.06-200.0% | -$0.20-185.7% | -$0.28-1300.0% | $0.00+100.0% | $0.06-33.3% | -$0.07-40.0% | -$0.02 |
| Diluted Shares (Avg) | 10M-3.0% | 10M-1.7% | 10M+3.0% | N/A | 11M+7.4% | 11M+5.5% | 10M+18.9% | N/A |
ZRCN 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $22.0M-16.2% | $25.0M-9.9% | $21.2M-12.4% | $23.4M-15.3% | $26.2M-2.4% | $27.8M-3.5% | $24.2M-1.7% | $27.6M+10.7% |
| Current Assets | $19.0M-14.0% | $22.1M-5.1% | $18.3M-7.8% | $20.3M-13.9% | $22.1M-4.8% | $23.3M-6.8% | $19.8M-4.6% | $23.5M+10.8% |
| Cash & Equivalents | $742K-60.3% | $40K-90.5% | $655K+75.1% | $1.4M+180.3% | $1.9M+15.5% | $423K+74.0% | $374K+15.8% | $502K+6547.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $10.3M-20.1% | $10.6M-19.6% | $11.5M-12.3% | $12.5M-11.4% | $12.9M-7.3% | $13.1M-9.9% | $13.1M-0.6% | $14.1M+7.0% |
| Accounts Receivable | $7.5M+8.5% | $11.1M+19.7% | $5.8M-0.5% | $6.1M-29.4% | $6.9M-5.1% | $9.2M-4.8% | $5.8M-11.9% | $8.6M+14.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $20.0M+11.1% | $21.8M+11.4% | $17.4M+6.4% | $17.8M-7.7% | $18.0M+0.7% | $19.6M+1.3% | $16.4M+0.7% | $19.3M+28.0% |
| Current Liabilities | $19.1M+122.7% | $20.9M+129.0% | $16.4M+112.7% | $16.8M-7.4% | $8.6M-48.2% | $9.1M-49.3% | $7.7M-46.8% | $18.1M+194.9% |
| Non-Current Liabilities | $875K-90.7% | $930K-91.1% | $984K-88.6% | $1.0M-13.4% | $9.4M+636.0% | $10.5M+670.2% | $8.6M+401.9% | $1.2M-86.5% |
| Total Equity | $131K-98.0% | $1.4M-78.7% | $2.0M-66.4% | $3.9M-40.9% | $6.7M-12.7% | $6.6M-18.8% | $6.1M-13.8% | $6.6M-21.8% |
| Retained Earnings | -$8.4M-223.7% | -$7.0M-203.5% | -$6.3M-203.4% | -$4.3M-163.5% | $6.8M-9.9% | $6.7M-15.9% | $6.1M-14.1% | $6.8M-21.6% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
ZRCN 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.8M+34.8% | -$1.4M+5.9% | -$42K-104.3% | $613K+1432.6% | $2.1M+51.8% | -$1.5M-126.9% | $983K+83.4% | -$46K-125.8% |
| Depreciation & Amortization | $200K-60.0% | $100K-50.0% | $221K+1.4% | $258K+1.6% | $500K+400.0% | $200K+100.0% | $218K+21.1% | $254K+439.6% |
| Stock-Based Compensation | $100K0.0% | $100K0.0% | $67K-33.0% | N/A | $100K | $100K | $100K | N/A |
| Capital Expenditures | $171K+280.0% | $28K-93.0% | $92K-67.7% | $61K+32.6% | $45K-83.5% | $401K+309.2% | $285K+10.5% | -$46K-81.9% |
| Free Cash Flow | $2.6M+29.3% | -$1.4M+24.3% | -$134K-119.2% | $552K+700.0% | $2.0M+85.8% | -$1.9M-150.5% | $698K+151.1% | -$92K+66.6% |
| Investing Cash Flow | -$268K-458.3% | -$28K+93.0% | -$93K+67.4% | -$54K-217.4% | -$48K+85.9% | -$401K-309.2% | -$285K+63.3% | $46K+115.4% |
| Financing Cash Flow | -$1.7M-125.7% | $1.2M-34.1% | -$694K+18.6% | -$872K+11.2% | -$767K-313.1% | $1.8M+168.0% | -$853K-260.6% | -$982K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ZRCN 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.3%-3.5pp | 29.8%-13.0pp | 22.7%-17.7pp | 31.0%-11.3pp | 41.9%+1.3pp | 42.8%-4.6pp | 40.5%-4.4pp | 42.2% |
| Operating Margin | -15.9%-10.3pp | -5.4%-10.2pp | -27.1%-19.5pp | -36.2%-38.1pp | -5.7%-4.4pp | 4.7%-7.5pp | -7.5%-2.2pp | 1.9% |
| Net Margin | -19.2%-19.8pp | -6.0%-11.0pp | -33.9%-22.4pp | -48.4%-49.3pp | 0.7%+6.1pp | 5.0%-4.2pp | -11.4%-4.3pp | 0.9% |
| Return on Equity | -1046.6%-1047.3pp | -39.9%-47.0pp | -100.6%-89.7pp | -70.5%-71.7pp | 0.7%+6.1pp | 7.1%-3.4pp | -10.9%-4.3pp | 1.1%+1.7pp |
| Return on Assets | -6.2%-6.4pp | -2.2%-3.9pp | -9.7%-6.9pp | -11.7%-12.0pp | 0.2%+1.7pp | 1.7%-1.3pp | -2.7%-0.9pp | 0.3%+0.5pp |
| Current Ratio | 1.00-1.6x | 1.06-1.5x | 1.11-1.5x | 1.21-0.1x | 2.58+1.2x | 2.55+1.2x | 2.56+1.1x | 1.30-2.2x |
| Debt-to-Equity | 152.40+149.7x | 15.48+12.5x | 8.54+5.8x | 4.59+1.6x | 2.69+0.4x | 2.96+0.6x | 2.70+0.4x | 2.94+1.1x |
| Asset Turnover | 0.330.0x | 0.380.0x | 0.290.0x | 0.24-0.1x | 0.280.0x | 0.340.0x | 0.240.0x | 0.30 |
| FCF Margin | 36.4%+8.6pp | -15.3%+5.0pp | -2.2%-14.2pp | 9.7%+10.9pp | 27.8%+13.4pp | -20.3%-12.1pp | 12.0%+7.8pp | -1.1% |
Where Zrcn Inc Ranks
Frequently Asked Questions
What is Zrcn Inc's annual revenue?
Zrcn Inc (ZRCN) reported $28.1M in total revenue for fiscal year 2025. This represents a -10.9% 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 Zrcn Inc's revenue growing?
Zrcn Inc (ZRCN) revenue declined by 10.9% year-over-year, from $31.5M to $28.1M in fiscal year 2025.
Is Zrcn Inc profitable?
No, Zrcn Inc (ZRCN) reported a net income of -$2.9M in fiscal year 2025, with a net profit margin of -10.3%.
What is Zrcn Inc's EBITDA?
Zrcn Inc (ZRCN) had EBITDA of -$1.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Zrcn Inc's gross margin?
Zrcn Inc (ZRCN) had a gross margin of 39.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Zrcn Inc's operating margin?
Zrcn Inc (ZRCN) had an operating margin of -8.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Zrcn Inc's net profit margin?
Zrcn Inc (ZRCN) had a net profit margin of -10.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Zrcn Inc's return on equity (ROE)?
Zrcn Inc (ZRCN) has a return on equity of -74.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Zrcn Inc's free cash flow?
Zrcn Inc (ZRCN) generated $1.4M in free cash flow during fiscal year 2025. This represents a 126.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Zrcn Inc's operating cash flow?
Zrcn Inc (ZRCN) generated $2.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Zrcn Inc's total assets?
Zrcn Inc (ZRCN) had $23.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Zrcn Inc's capital expenditures?
Zrcn Inc (ZRCN) invested $792K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Zrcn Inc spend on research and development?
Zrcn Inc (ZRCN) invested $1.7M in research and development during fiscal year 2025.
What is Zrcn Inc's current ratio?
Zrcn Inc (ZRCN) had a current ratio of 1.21 as of fiscal year 2025, which is considered adequate.
What is Zrcn Inc's debt-to-equity ratio?
Zrcn Inc (ZRCN) had a debt-to-equity ratio of 4.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Zrcn Inc's return on assets (ROA)?
Zrcn Inc (ZRCN) had a return on assets of -12.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Zrcn Inc's Piotroski F-Score?
Zrcn Inc (ZRCN) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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 Zrcn Inc's earnings high quality?
Zrcn Inc (ZRCN) reported a net loss of $2.9M while generating $2.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.
Can Zrcn Inc cover its interest payments?
Zrcn Inc (ZRCN) reported an operating loss of $2.5M against $804K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.