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Zhongchao Inc.

ZCMD Clue Score32
Cayman Islands Fiscal year ends December CIK 0001785566
$1.59 +0.63% Close, 9 Oct 2026
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Price $1.59 −1.85% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 24 Feb 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue9.8Net income1.5Fiscal year 2018Revenue12.9 +31.1%Net income3.0 +97.4%Fiscal year 2019Revenue14.9 +15.7%Operating income3.6Net income4.0 +34.0%Fiscal year 2020Revenue18.0 +20.9%Operating income4.5Net income4.5 +10.2%EPS, diluted0.18Fiscal year 2021Revenue16.3 −9.4%Operating income−0.3Net income0.2 −94.6%EPS, diluted0.10Fiscal year 2022Revenue14.2 −13.2%Operating income−3.0Net income−2.9 −1,332.2%EPS, diluted−1.13Fiscal year 2023Revenue19.4 +37.3%Operating income−13.3Net income−11.3EPS, diluted−34.83Fiscal year 2024Revenue15.9 −18.4%Operating income−0.3Net income−0.6EPS, diluted−0.99Fiscal year 2025Revenue11.4 −28.3%Operating income−6.2Net income−6.3EPS, diluted−1.85
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.8 12.9 14.9 18.0 16.3 14.2 19.4 15.9 11.4
Growth +31.1% +15.7% +20.9% −9.4% −13.2% +37.3% −18.4% −28.3%
Operating income n/a n/a 3.6 4.5 −0.3 −3.0 −13.3 −0.3 −6.2
Net income 1.5 3.0 4.0 4.5 0.2 −2.9 −11.3 −0.6 −6.3
Growth +97.4% +34.0% +10.2% −94.6% −1,332.2%
EPS, diluted n/a n/a n/a 0.18 0.10 −1.13 −34.83 −0.99 −1.85

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin59.6%Net margin15.6%Free cash flow margin−5.8%Fiscal year 2018Gross margin65.4%Net margin23.5%Free cash flow margin5.0%Fiscal year 2019Gross margin68.7%Operating margin24.5%Net margin27.2%Free cash flow margin0.6%Fiscal year 2020Gross margin66.0%Operating margin25.0%Net margin24.8%Fiscal year 2021Gross margin57.9%Operating margin−2.0%Net margin1.5%Fiscal year 2022Gross margin44.9%Operating margin−20.9%Net margin−20.8%Fiscal year 2023Gross margin43.8%Operating margin−68.4%Net margin−58.3%Fiscal year 2024Gross margin56.2%Operating margin−2.2%Net margin−4.1%Fiscal year 2025Gross margin45.0%Operating margin−54.4%Net margin−55.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 59.6% 65.4% 68.7% 66.0% 57.9% 44.9% 43.8% 56.2% 45.0%
Operating margin n/a n/a 24.5% 25.0% −2.0% −20.9% −68.4% −2.2% −54.4%
Net margin 15.6% 23.5% 27.2% 24.8% 1.5% −20.8% −58.3% −4.1% −55.5%
Free cash flow margin −5.8% 5.0% 0.6% n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−0.5Capital expenditure−0.0Free cash flow−0.6Fiscal year 2018Operating cash flow1.3Capital expenditure−0.7Free cash flow0.6Fiscal year 2019Operating cash flow1.4Capital expenditure−1.3Free cash flow0.1 −85.2%Fiscal year 2020Operating cash flow−1.0Fiscal year 2021Operating cash flow2.9Fiscal year 2022Operating cash flow−0.7Fiscal year 2023Operating cash flow0.1Fiscal year 2024Operating cash flow−1.5Fiscal year 2025Operating cash flow0.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.5 1.3 1.4 −1.0 2.9 −0.7 0.1 −1.5 0.8
Capital expenditure −0.0 −0.7 −1.3 n/a n/a n/a n/a n/a n/a
Free cash flow −0.6 0.6 0.1 n/a n/a n/a n/a n/a n/a
Growth −85.2%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash3.0Shareholders’ equity5.2Fiscal year 2018Cash7.9Shareholders’ equity11.4Fiscal year 2019Cash7.8Shareholders’ equity15.3Fiscal year 2020Cash15.1Shareholders’ equity31.8Fiscal year 2021Cash13.9Shareholders’ equity32.6Fiscal year 2022Cash11.5Shareholders’ equity29.9Fiscal year 2023Cash7.5Shareholders’ equity18.0Fiscal year 2024Cash7.8Shareholders’ equity20.8Fiscal year 2025Cash8.1Shareholders’ equity18.6
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.0 7.9 7.8 15.1 13.9 11.5 7.5 7.8 8.1
Shareholders’ equity 5.2 11.4 15.3 31.8 32.6 29.9 18.0 20.8 18.6

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
59.6% 65.4% 68.7% 66.0% 57.9% 44.9% 43.8% 56.2% 45.0%
n/a n/a 24.5% 25.0% −2.0% −20.9% −68.4% −2.2% −54.4%
13.7% 27.2% 29.5% 27.5% −0.7% −18.0% −61.6% 0.4% −50.7%
15.6% 23.5% 27.2% 24.8% 1.5% −20.8% −58.3% −4.1% −55.5%
−5.8% 5.0% 0.6% n/a n/a n/a n/a n/a n/a
Spending
9.6% 11.3% 5.8% 4.5% 4.7% 2.9% 2.6% 1.6% 0.1%
11.6% 11.1% 17.0% 17.4% 36.0% 48.0% 34.5% 31.5% 86.3%
0.3% 5.2% 8.8% n/a n/a n/a n/a n/a n/a
−11.5% 14.3% 8.8% 9.8% n/a n/a n/a 542.7% n/a
Returns
29.4% 26.5% 26.4% 14.0% 0.7% −9.8% −63.0% −3.1% −33.9%
n/a 21.5% 22.8% 12.8% 0.7% −7.6% −46.4% −2.5% −26.1%
Balance and payout
n/a 18.9% 13.5% 8.6% 10.2% 14.5% 13.8% 6.7% 6.4%