Z Squared Inc. (ZSQR)

Nasdaq: ZSQR · Finance Services · Wexford, PA · filing with the SEC since 2019

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Grade3.8

◀ Past 1.6● Present 3.7▶ Future 7.5

4 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Z Squared Inc.

Nine metrics read from its own filings, by tense

Headline grade

3.8/10

◀ Past1.640% of the headline

● Present3.735% of the headline

▶ Future7.525% of the headline

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

Of the nine metrics, 5 read as filed from the record and 4 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.6/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.3/10

Has it survived what it has been through?

20 warning events since 2019; the latest 2026-01-16.

weight 45% of this tense · 3rd percentile among 130 sector filers · read for itself

From the record

Z Squared Inc.'s filings since 2019 show 20 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 9 times, the latest 2026-01-16); a warning not to rely on past financial statements (8-K item 4.02, 4 times, the latest 2024-08-14); an auditor change (8-K item 4.01, the latest 2024-09-30); a late-report notice (Form NT 10-K or NT 10-Q, 6 times, the latest 2024-08-14) (its current reports).

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

Track record

as filed

2.7/10

What has it actually done, year after year?

+106.5% a year over 5 filed years; profitable in 0 of 5.

weight 22% of this tense · 27th percentile among 104 sector filers · read for its customers

From the record

Z Squared Inc.'s 5 filed years say what it did: revenue went from $75 thousand in fiscal 2021 to $1 million in fiscal 2025, up 106.5% a year; it rose in 0 of 1 years; the deepest fall was 100% from fiscal 2021 to fiscal 2022; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span106.5%top 11% of its family
the share of years revenue rosebottom 5% of its family
the share of filed years with a profitbottom 13% of its family
the deepest fall from a revenue peak100.0%bottom 3% of its family

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

Shareholder treatment

SI estimate

2.5/10

How has it treated the people who own it?

SI estimate 2.5/10, confidence 35 of 100 (one part).

weight 33% of this tense · 25th percentile among 115 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 25% of 115 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 115 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: Z Squared Inc.'s shareholder treatment is put at 2.5 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 25% of 115 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?

3.7/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.7/10

Is it financially healthy right now?

ROE -88%: lost 88¢ per shareholder dollar. Leverage 16%: owes 16¢ per asset dollar.

weight 45% of this tense · 47th percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Z Squared Inc. lost about 88 cents for every dollar of shareholders' money, and gross profitability: its products earned about 7 cents per dollar of everything the company owns. Leverage: it owed about 16 cents per dollar of assets, and net share issuance: its share count grew 120.0% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 21% of its family
return on equitybottom 22% of its family
gross profit against assetstop 40% of its family
the share count against the year beforebottom 25% of its family

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

Industry position

as filed

1.5/10

How strong is its position in its industry?

bottom 15% of 114 in its family; net margin -874.3%.

weight 33% of this tense · 15th percentile among 114 sector filers · read for its customers

From the record

Z Squared Inc.'s standing among 114 graded names in its industry family: revenue of $1 million in fiscal 2025 ranks in the bottom 12% by size; a net margin of -874.3% ranks in the bottom 19% (its annual reports).

What it rests on

revenue against the family$1.4Mbottom 12% of its family
net margin-874.3%bottom 19% of its family

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

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 50th percentile among 92 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 50% of 92 in its family; the record of its people begins on 2022-11-07 (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 3.4 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read: The record of its people begins on 2022-11-07 (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 3.4 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 92 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: Z Squared Inc.'s leadership is put at 5.0 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 50% of 92 in its family; the record of its people begins on 2022-11-07 (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 3.4 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.5/1025% of the headline grade · 1 of 3 filed, 2 estimated

Room to expand

as filed

6.5/10

How much room does it have to grow?

top 35% of 108 in its family for room to expand.

weight 33% of this tense · 65th percentile among 108 sector filers · read for itself

From the record

Z Squared Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $6 million against debt of $150 thousand leaves 34.2% of its assets as net cash, top 11% of its family; cash from operations less capital spending is -631.2% of revenue (bottom 11%); a gross margin of 86.7% (top 17%); research spending of 93.7% of revenue (top 22%) (its annual report).

What it rests on

cash less debt against assets34.2%top 11% of its family
cash from operations less capital spending against revenue-631.2%bottom 11% of its family
gross margin86.7%top 17% of its family
research spending against revenue93.7%top 22% of its family

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

Growth drivers

SI estimate

9.2/10

What could actually drive growth from here?

SI estimate 9.2/10, confidence 35 of 100 (one part).

weight 33% of this tense · 92nd percentile among 103 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the three-year growth of research spending, which ranks in the top 8% of 103 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
What the record cannot read: The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned: one part: three-year growth of research spending, the one part on file, ranked among 103 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: Z Squared Inc.'s growth drivers is put at 9.2 of 10 with a confidence of 35 of 100, because read from one part only, the three-year growth of research spending, which ranks in the top 8% of 103 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending. A filing that carries the missing parts replaces this estimate with the filed reading.

Expectations vs reality

SI estimate

6.7/10

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

SI estimate 6.7/10, confidence 35 of 100 (one part).

weight 33% of this tense · 67th percentile among 83 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, net income against the prior three years' average, which ranks in the top 33% of 83 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: one part: net income against the prior three years' average, the one part on file, ranked among 83 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: Z Squared Inc.'s expectations vs reality is put at 6.7 of 10 with a confidence of 35 of 100, because read from one part only, net income against the prior three years' average, which ranks in the top 33% of 83 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change. A filing that carries the missing parts replaces this estimate with the filed reading.

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 ZSQR · research, not advice