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Friday 6 November 2026
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Z Squared Inc.
ZSQR Technology Software Infrastructure
Z Squared Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 million.
- Revenue
- +689.0%
- EPS
- +76.1%
- Free cash flow
- −34.2%
- Total debt
- 0.00%
Quarter to June 2026, against a year earlier
3.25
0.10
−2.99%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 0 | — | — | — | 1 | 3 | +106.5% | — | — | — | — | |
| Gross margin, % | — | — | — | — | — | 100.00 | 0.00 | — | — | 86.75 | (17.77) | (13.2) pt | ||||||
| EBT | — | — | 0 | 0 | (17) | (13) | (38) | (21) | (11) | (12) | (27) | +190.1% | ||||||
| EBT margin, % | — | — | 0.00 | 0.00 | 0.00 | (17,932.40) | 0.00 | 0.00 | 0.00 | (900.75) | (889.84) | (900.7) pt | ||||||
| Net income | — | 0 | 0 | 0 | (17) | (13) | (38) | (21) | (11) | (12) | (22) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 | 0.00 | 0.32 | 0.06 | n/m | |||||
| Earnings | — | — | 0.00 | (0.03) | (184.32) | (24.64) | (52.57) | (16.60) | (5.65) | (2.81) | (1.74) | n/m | ||||||
| Cash flow | — | — | (0.01) | (0.02) | (1.23) | (8.23) | (5.42) | (5.64) | (3.45) | (2.03) | (0.18) | +130.9% | ||||||
| Capex | — | — | 0.00 | 0.00 | 0.00 | (3.21) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | (0.01) | (0.02) | (1.23) | (11.43) | (5.42) | (5.64) | (3.45) | (2.03) | (0.18) | +130.9% | ||||||
| Book value | — | — | 0.00 | 0.18 | (234.50) | 4.31 | 6.23 | 0.63 | 2.01 | 3.32 | 2.66 | +195.2% | ||||||
| Shares, m | — | — | 11 | 0 | 0 | 1 | 1 | 1 | 2 | 4 | 16 | (12.5%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | — | — | — | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | 0.00 | — | — | — | 49.34 | 55.45 | 24.7 | ||||||
| P/B | — | — | — | — | — | 46.44 | — | — | — | 59,347.85 | 1.25 | 29,697.1 | ||||||
| EV/Sales | — | — | — | — | — | 0.00 | — | — | — | 49.43 | 50.33 | 24.7 | ||||||
| EV/FCF | — | — | — | — | — | (24.20) | — | — | — | (8.99) | (17.13) | (16.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 0 | 0 | 0 | (4) | (4) | (7) | (7) | (9) | (9) | +102.3% | |||||
| Capex | — | — | — | — | — | (2) | — | — | — | — | — | — | ||||||
| Free cash flow | — | — | 0 | 0 | 0 | (6) | (4) | (7) | (7) | (9) | (9) | +102.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | 0 | 0 | 1 | (1) | 2 | (1) | (3) | 6 | 13 | n/m | |||||
| Net debt | — | — | 0 | 0 | (1) | (1) | (4) | (1) | 0 | (6) | (15) | n/m | ||||||
| Shareholders’ equity | — | — | 0 | 0 | (22) | 2 | 4 | 1 | 4 | 14 | 132 | +159.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | (17.75) | (1.75) | (44.95) | (32.22) | (511.86) | (340.62) | (158.47) | (95.10) | (29.50) | (77.3) pt | |||||
| ROIC | — | — | 0.00 | (9.05) | 0.00 | (482.08) | (2,632.08) | 0.00 | (180.35) | (103.62) | (14.26) | (103.6) pt | ||||||
| ROE | — | — | (42.26) | (13.10) | 157.23 | 136.92 | (1,104.49) | (807.49) | (456.31) | (132.89) | (31.01) | (90.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 2 | 2 | 5 | 7 | 7 | 6 | — | +24.6% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.23 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Z Squared Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SUPX SuperX AI Technology Limited | $219.6M | — | — | — | — | −135,337.38% (below 0%: shrinking) | — | — | Compare |
| XNET Xunlei Limited | $202.7M | — (loss-making) | — | +38.73% (above 0%: growing) | n/m | +309.97% (above 0%: growing) | 56.13% | (4.67%) | Compare |
| OWLS OBOOK Holdings Inc. | $192.6M | — | — | — | — | −18.94% (below 0%: shrinking) | — | — | Compare |
| KDK Kodiak AI, Inc. | $190.8M | — (loss-making) | — | +595.63% (above 0%: growing) | n/m | −60.60% (below 0%: shrinking) | 100.00% | (1,248.27%) | Compare |
| BKKT Bakkt Holdings, Inc. | $187.9M | — (loss-making) | 1.8× | −70.05% (below 0%: shrinking) | n/m | −401.44% (below 0%: shrinking) | 1.30% | (11.53%) | Compare |
| ZSQR Z Squared Inc. | $177.6M | — (loss-making) | — (loss-making) | +688.99% (above 0%: growing) | n/m | −34.24% (below 0%: shrinking) | (111.52%) | (871.15%) | |
| GRRR Gorilla Technology Group Inc. | $177.3M | — (loss-making) | — (loss-making) | +223.14% (above 0%: growing) | n/m | −128.98% (below 0%: shrinking) | 21.09% | (145.44%) | Compare |
| MOVE Corvex, Inc. | $166.0M | — (loss-making) | — (loss-making) | +3,590.29% (above 0%: growing) | n/m | −91.41% (below 0%: shrinking) | 44.28% | (400.32%) | Compare |
| AIBZ Bitzero Holdings Inc. | $151.7M | — (loss-making) | — | +65.54% (above 0%: growing) | n/m | −1,207.54% (below 0%: shrinking) | (16.53%) | (79.08%) | Compare |
| Median of peers | $189.4M | — | — | +144.34% | — | −110.19% | 32.69% | (112.26%) |
Pay and ownership Proxy statement filed 14 November 2024
Ownership
Directors and executive officers, together
24.25%
Christopher Calise
11.48%
David Mehalick
9.04%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement