Company Analysis

Zhongchao Inc. (ZCMD)

Nasdaq: ZCMD · Services-Educational Services · Shanghai · filing with the SEC since 2019
Grade3.3
◀ Past 3.0● Present 3.5▶ Future 3.3
2 est.

The grade of Zhongchao Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.3/10
◀ Past3.030% of the headline
● Present3.540% of the headline
▶ Future3.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.9/10

Has it survived what it has been through?

3 warning events since 2019; the latest 2023-04-28.

weight 33% of this tense · 39th percentile among 42 sector filers · read for itself

From the record

Zhongchao Inc.'s filings since 2019 show 3 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2023-04-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.4/10

What has it actually done, year after year?

+1.9% a year over 9 filed years; profitable in 5 of 9.

weight 45% of this tense · 34th percentile among 39 sector filers · read for its customers

From the record

Zhongchao Inc.'s 9 filed years say what it did: revenue went from $10 million in fiscal 2017 to $11 million in fiscal 2025, up 1.9% a year; it rose in 4 of 8 years; the deepest fall was 41% from fiscal 2023 to fiscal 2025; net income was positive in 5 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.9%bottom 24% of its family
  • the share of years revenue rosebottom 14% of its family
  • the share of filed years with a profittop 46% of its family
  • the deepest fall from a revenue peak41.5%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.6/10

How has it treated the people who own it?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 6th percentile among 41 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 6% of 41 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 41 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Zhongchao Inc.'s shareholder treatment is put at 0.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 6% of 41 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.5/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.3/10

Is it financially healthy right now?

ROE -28%: lost 28¢ per shareholder dollar. Leverage 6%: owes 6¢ per asset dollar.

weight 33% of this tense · 43rd percentile among 42 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Zhongchao Inc. lost about 28 cents for every dollar of shareholders' money, and gross profitability: its products earned about 21 cents per dollar of everything the company owns. Leverage: it owed about 6 cents per dollar of assets, and net share issuance: its share count grew 425.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 4% of its family
  • return on equitybottom 34% of its family
  • gross profit against assetsbottom 37% of its family
  • the share count against the year beforebottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.3/10

How strong is its position in its industry?

bottom 23% of 41 in its family; net margin -55.5%.

weight 45% of this tense · 23rd percentile among 41 sector filers · read for its customers

From the record

Zhongchao Inc.'s standing among 41 graded names in its industry family: revenue of $11 million in fiscal 2025 ranks in the bottom 27% by size; a net margin of -55.5% ranks in the bottom 16%; revenue growth of -7% a year over the last 3 filed years ranks in the bottom 26% (its annual reports).

What it rests on

  • revenue against the family$11.4Mbottom 27% of its family
  • net margin-55.5%bottom 16% of its family
  • three-year revenue growth-7.0%bottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 16 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Zhongchao Inc.'s leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.9/10

How much room does it have to grow?

bottom 49% of 41 in its family for room to expand.

weight 22% of this tense · 49th percentile among 41 sector filers · read for itself

From the record

Zhongchao Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $8 million against no long-term debt tagged leaves 33.5% of its assets as net cash, top 18% of its family; cash from operations less capital spending is 7.4% of revenue (top 33%); a gross margin of 45% (bottom 46%); research spending of 0.1% of revenue (bottom 3%) (its annual report).

What it rests on

  • cash less debt against assets33.5%top 18% of its family
  • cash from operations less capital spending against revenue7.4%top 33% of its family
  • gross margin45.0%bottom 46% of its family
  • research spending against revenue0.1%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.8/10

What could actually drive growth from here?

bottom 38% of 39 in its family for growth drivers.

weight 45% of this tense · 38th percentile among 39 sector filers · read for its customers

From the record

Zhongchao Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -7% a year over the last three filed years against 1.9% over all 9, slowing (bottom 40% of its family); the newest year grew -28.3% (bottom 14%); research spending grew -73% a year (bottom 3%); capital spending grew 539.2% a year (top 4%) (its annual reports). Zhongchao Inc. reported 2 lines of business in fiscal 2025: MDMOOC Services at $11 million (94%), Sales of Patented Drugs at $696 thousand (6%); 0 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-8.9 points a yearbottom 40% of its family
  • the newest year's revenue growth-28.3%bottom 14% of its family
  • three-year growth of research spending-73.0%bottom 3% of its family
  • three-year growth of capital spending539.2%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.5/10

Did its newest year beat what its own record pointed to?

bottom 15% of 36 in its family for expectations against reality.

weight 33% of this tense · 15th percentile among 36 sector filers · read for its shareholders

From the record

Zhongchao Inc.'s newest year against its own record: revenue of $11 million in fiscal 2025 came in 32.3% below the $17 million its prior three years' pace pointed to (bottom 13% of its family); net income of $6 million against a prior three-year average of $5 million (bottom 18%); a net margin of -55.5% against -27.7% before (bottom 15%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-32.3%bottom 13% of its family
  • net income against the prior three years' average-27%bottom 18% of its family
  • net margin against its prior average-27.8 pointsbottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ZCMD · research, not advice