ZHONGCHAO INC.

EDGAR

Annual consolidated revenue for 2025: about USD 11.37M, using the latest reported figures. The previous period, 2024, was about USD 15.86M.

Watchlist

Latest fiscal year

Revenue

11.4 million USD

2025 · USD

Exact inputs and evidence

Operating margin

-54.43%

2025 · %

Exact inputs and evidence
  • Operating Income: -6191225 USD Source
  • Revenue: 11374996 USD Source

Operating cash flow

845 thousand USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 845391 USD Source

Free cash flow

95.1 thousand USD

2019 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1408020 USD Source
  • Capital Expenditure: 1312941 USD Source
Cash and cash equivalents
8.1 million USD Source
Exact value

8098075 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 9 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • Net income: 9 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 9 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2019-12-31
  • Total assets: 8 of 11 periods available· newest 2025-12-31
  • Total liabilities: 8 of 11 periods available· newest 2025-12-31
  • Current assets: 8 of 11 periods available· newest 2025-12-31
  • Current liabilities: 8 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -28.3%

    Prior period

    USD 15.86 million

    –

    Current period

    USD 11.37 million

    –

    Exact inputs and evidence

    11374996 − 15864773 = -4489777 USD

    15864773 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    11374996 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    −USD 5.67 million

    Prior period

    −USD 643,229

    –

    Current period

    −USD 6.31 million

    –

    Exact inputs and evidence

    -6310153 − -643229 = -5666924 USD

    -643229 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -6310153 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +USD 2.32 million

    Prior period

    −USD 1.47 million

    –

    Current period

    USD 845,391

    –

    Exact inputs and evidence

    845391 − -1473243 = 2318634 USD

    -1473243 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    845391 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 11.37 million 100% of revenue
  • Cost of revenue USD 6.25 million 55% of revenue
  • Operating expenses USD 11.31 million 99% of revenue
  • Operating income −USD 6.19 million −54% of revenue
  • Tax, interest and other Derived USD 118,928 1% of revenue
  • Net income −USD 6.31 million −55% of revenue

Cash

  • Operating cash flow USD 845,391 7.4% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Net income was higher than operating income, so the split is not drawn.
  • 2020 25%75%
  • 2021 Operating loss: operating costs were 102% of revenue.
  • 2022 Operating loss: operating costs were 121% of revenue.
  • 2023 Operating loss: operating costs were 168% of revenue.
  • 2024 Operating loss: operating costs were 102% of revenue.
  • 2025 Operating loss: operating costs were 154% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2017-01-01 – 2017-12-319816312 UnavailableUnavailableUnavailable1529280 -569873 Derived
Source
2018 2018-01-01 – 2018-12-3112865870 UnavailableUnavailableUnavailable3019323 644580 Derived
Source
2019 2019-01-01 – 2019-12-3114882763 11240619 Derived 3642144 -404526 Derived 4046670 95079 Derived
Source
2020 2020-01-01 – 2020-12-3117989788 13500435 Derived 4489353 30973 Derived 4458380 Unavailable
Source
2021 2021-01-01 – 2021-12-3116296770 16617511 Derived -320741 -559406 Derived 238665 Unavailable
Source
2022 2022-01-01 – 2022-12-3114151516 17105978 Derived -2954462 -13571 Derived -2940891 Unavailable
Source
2023 2023-01-01 – 2023-12-3119433945 32717743 Derived -13283798 -1947887 Derived -11335911 Unavailable
Source
2024 2024-01-01 – 2024-12-3115864773 16206040 Derived -341267 301962 Derived -643229 Unavailable
Source
2025 2025-01-01 – 2025-12-3111374996 17566221 Derived -6191225 118928 Derived -6310153 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 11.4M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21.0M15.7M10.5M5.2M0.0201720212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue9816312
2018Revenue12865870
2019Revenue14882763
2020Revenue17989788
2021Revenue16296770
2022Revenue14151516
2023Revenue19433945
2024Revenue15864773
2025Revenue11374996

Revenue growth

Change in revenue from the same financial period one year earlier.

-28.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.43%24%5%-15%-34%201720212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over yearNo prior comparable period
2018Year over year31.1%
2019Year over year15.7%
2020Year over year20.9%
2021Year over year-9.4%
2022Year over year-13.2%
2023Year over year37.3%
2024Year over year-18.4%
2025Year over year-28.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -54.4% 2025
Net margin -55.5% 2025
Free cash flow margin 0.6% 2019
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.35%7%-21%-48%-76%2017-12-3120212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019Operating margin24.5%
2020Operating margin25%
2021Operating margin-2%
2022Operating margin-20.9%
2023Operating margin-68.4%
2024Operating margin-2.2%
2025Operating margin-54.4%
2017Net margin15.6%
2018Net margin23.5%
2019Net margin27.2%
2020Net margin24.8%
2021Net margin1.5%
2022Net margin-20.8%
2023Net margin-58.3%
2024Net margin-4.1%
2025Net margin-55.5%
2017Free cash flow margin-5.8%
2018Free cash flow margin5%
2019Free cash flow margin0.6%
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 845.4K 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.2M2.0M694.3K-562.9K-1.8M201720212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow-537654
2018Operating cash flow1312647
2019Operating cash flow1408020
2020Operating cash flow-1037839
2021Operating cash flow2861848
2022Operating cash flow-661740
2023Operating cash flow54229
2024Operating cash flow-1473243
2025Operating cash flow845391

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 95.1K 2019
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.741.7K389.5K37.4K-314.8K-667.0K201720212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flow-569873
2018Free cash flow644580
2019Free cash flow95079
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

6.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.20.5%15.3%10.2%5.1%0.0%2017-12-3120212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017-12-31Liabilities / assetsNot reportedNo source recorded
2018Liabilities / assets18.9%
2019Liabilities / assets13.5%
2020Liabilities / assets8.6%
2021Liabilities / assets10.2%
2022Liabilities / assets14.5%
2023Liabilities / assets13.8%
2024Liabilities / assets6.7%
2025Liabilities / assets6.4%

Current assets to current liabilities

Current assets divided by current liabilities.

11.11× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13.20×9.90×6.60×3.30×0.00×2017-12-3120212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018Current assets / current liabilities5.38×
2019Current assets / current liabilities6.15×
2020Current assets / current liabilities9.92×
2021Current assets / current liabilities7.59×
2022Current assets / current liabilities5.45×
2023Current assets / current liabilities6.99×
2024Current assets / current liabilities12.22×
2025Current assets / current liabilities11.11×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2017-01-01 – 2017-12-31
USD 1.53 million
Exact value

Exact value: 1529280 USD

2017-01-01 – 2017-12-31: 1529280 USD Inspect Net Income Open source
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−USD 537,654
Exact value

Exact value: -537654 USD

2017-01-01 – 2017-12-31: -537654 USD Inspect Operating Cash Flow Open source
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USD 32,219
Exact value

Exact value: 32219 USD

2017-01-01 – 2017-12-31: 32219 USD Inspect Capital Expenditure Open source
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−USD 569,873
Calculation and evidence

-537654 − 32219 USD

Exact free cash flow: -569873 USD

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2018 2018-01-01 – 2018-12-31
USD 3.02 million
Exact value

Exact value: 3019323 USD

2018-01-01 – 2018-12-31: 3019323 USD Inspect Net Income Open source
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USD 1.31 million
Exact value

Exact value: 1312647 USD

2018-01-01 – 2018-12-31: 1312647 USD Inspect Operating Cash Flow Open source
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USD 668,067
Exact value

Exact value: 668067 USD

2018-01-01 – 2018-12-31: 668067 USD Inspect Capital Expenditure Open source
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USD 644,580
Calculation and evidence

1312647 − 668067 USD

Exact free cash flow: 644580 USD

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2019 2019-01-01 – 2019-12-31
USD 4.05 million
Exact value

Exact value: 4046670 USD

2019-01-01 – 2019-12-31: 4046670 USD Inspect Net Income Open source
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USD 1.41 million
Exact value

Exact value: 1408020 USD

2019-01-01 – 2019-12-31: 1408020 USD Inspect Operating Cash Flow Open source
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USD 1.31 million
Exact value

Exact value: 1312941 USD

2019-01-01 – 2019-12-31: 1312941 USD Inspect Capital Expenditure Open source
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USD 95,079
Calculation and evidence

1408020 − 1312941 USD

Exact free cash flow: 95079 USD

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2020 2020-01-01 – 2020-12-31
USD 4.46 million
Exact value

Exact value: 4458380 USD

2020-01-01 – 2020-12-31: 4458380 USD Inspect Net Income Open source
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−USD 1.04 million
Exact value

Exact value: -1037839 USD

2020-01-01 – 2020-12-31: -1037839 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 238,665
Exact value

Exact value: 238665 USD

2021-01-01 – 2021-12-31: 238665 USD Inspect Net Income Open source
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USD 2.86 million
Exact value

Exact value: 2861848 USD

2021-01-01 – 2021-12-31: 2861848 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
−USD 2.94 million
Exact value

Exact value: -2940891 USD

2022-01-01 – 2022-12-31: -2940891 USD Inspect Net Income Open source
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−USD 661,740
Exact value

Exact value: -661740 USD

2022-01-01 – 2022-12-31: -661740 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
−USD 11.34 million
Exact value

Exact value: -11335911 USD

2023-01-01 – 2023-12-31: -11335911 USD Inspect Net Income Open source
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USD 54,229
Exact value

Exact value: 54229 USD

2023-01-01 – 2023-12-31: 54229 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
−USD 643,229
Exact value

Exact value: -643229 USD

2024-01-01 – 2024-12-31: -643229 USD Inspect Net Income Open source
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−USD 1.47 million
Exact value

Exact value: -1473243 USD

2024-01-01 – 2024-12-31: -1473243 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
−USD 6.31 million
Exact value

Exact value: -6310153 USD

2025-01-01 – 2025-12-31: -6310153 USD Inspect Net Income Open source
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USD 845,391
Exact value

Exact value: 845391 USD

2025-01-01 – 2025-12-31: 845391 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

75 filings · 897 latest values · 897 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001785566, 1785566, ZCMD, edgar:1785566

Also known as ZHONGCHAO INC., Zhongchao Inc.