Zhongchao Inc. (ZCMD)

Zhongchao Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	13.12	15.86	19.43	14.15	16.3	17.99
Revenue Growth (YoY)	-24.64%	-18.37%	37.33%	-13.16%	-9.41%	20.88%
Cost of Revenue	6.23	6.95	10.92	7.79	6.86	6.12
Gross Profit	6.88	8.91	8.51	6.36	9.44	11.87
Selling, General & Admin	7.93	9	13.41	8.9	9	6.57
Research & Development	0.13	0.25	0.51	0.41	0.76	0.82
Operating Expenses	8.05	9.25	13.92	9.31	9.76	7.38
Operating Income	-1.17	-0.34	-5.41	-2.95	-0.32	4.49
Interest & Investment Income	0.28	0.24	0.24	0.14	0.18	0.15
Earnings From Equity Investments	-0.02	-0.02	-0	-0	-0.01	-0.03
Other Non Operating Income (Expenses)	0.12	0.18	0.33	0.41	0.11	0.34
EBT Excluding Unusual Items	-0.79	0.06	-4.84	-2.41	-0.05	4.95
Impairment of Goodwill	-	-	-5.62	-	-	-
Gain (Loss) on Sale of Investments	0.13	-	0.74	-0.24	-0.06	-0.01
Gain (Loss) on Sale of Assets	-0	-0	-1.72	0.1	-	-
Asset Writedown	-	-	-0.54	-	-	-
Pretax Income	-0.66	0.06	-11.98	-2.55	-0.11	4.94
Income Tax Expense	0.66	0.34	-0.67	0.27	-0.35	0.48
Earnings From Continuing Operations	-1.32	-0.27	-11.31	-2.82	0.24	4.46
Minority Interest in Earnings	-0.38	-0.37	-0.03	-0.12	-	0
Net Income	-1.7	-0.64	-11.34	-2.94	0.24	4.46
Net Income to Common	-1.7	-0.64	-11.34	-2.94	0.24	4.46
Net Income Growth	-	-	-	-	-94.65%	10.17%
Shares Outstanding (Basic)	17	5	3	3	2	2
Shares Outstanding (Diluted)	17	5	3	3	2	2
Shares Change (YoY)	532.73%	99.95%	0.14%	4.25%	2.10%	13.08%
EPS (Basic)	-0.10	-0.12	-4.35	-1.13	0.10	1.83
EPS (Diluted)	-0.10	-0.12	-4.35	-1.13	0.10	1.83
EPS Growth	-	-	-	-	-94.76%	-2.57%
Free Cash Flow	-1.41	-4.52	-0.79	-2.52	1.06	-1.89
Free Cash Flow Per Share	-0.09	-0.87	-0.30	-0.97	0.43	-0.77
Gross Margin	52.49%	56.18%	43.80%	44.92%	57.92%	65.99%
Operating Margin	-8.91%	-2.15%	-27.84%	-20.88%	-1.97%	24.95%
Profit Margin	-12.95%	-4.05%	-58.33%	-20.78%	1.46%	24.78%
Free Cash Flow Margin	-10.76%	-28.48%	-4.04%	-17.83%	6.52%	-10.49%
EBITDA	-0.88	-0.11	-4.9	-2.59	-0	4.67
EBITDA Margin	-6.68%	-0.69%	-25.23%	-18.33%	-0.01%	25.96%
D&A For EBITDA	0.29	0.23	0.51	0.36	0.32	0.18
EBIT	-1.17	-0.34	-5.41	-2.95	-0.32	4.49
EBIT Margin	-8.91%	-2.15%	-27.84%	-20.88%	-1.97%	24.95%
Effective Tax Rate	-	542.73%	-	-	-	9.81%
Revenue as Reported	13.12	15.86	19.43	14.15	16.3	-
Advertising Expenses	-	2.52	4.2	0.99	2.2	2.85

Updated Nov 1, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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