Zhongchao Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.4M | $15.9M | $19.4M | $14.2M | $16.3M | $18.0M | $14.9M | $12.9M |
| Cost of Revenue | $6.3M | $7.0M | $10.9M | $7.8M | $6.9M | $6.1M | $4.7M | $4.5M |
| Gross Profit | $5.1M | $8.9M | $8.5M | $6.4M | $9.4M | $11.9M | $10.2M | $8.4M |
| Gross Margin | 45.0% | 56.2% | 43.8% | 44.9% | 57.9% | 66.0% | 68.7% | 65.4% |
| Operating Expenses | ||||||||
| Research & Development | $8.1K | $252.5K | $514.4K | $411.5K | $758.9K | $816.6K | $864.3K | $1.4M |
| SG&A Expense | $9.8M | $5.0M | $6.7M | $6.8M | $5.9M | $3.1M | $2.5M | $1.4M |
| Operating Income | $-6.2M | $-341.3K | $-13.3M | $-3.0M | $-320.7K | $4.5M | $3.6M | $3.5M |
| Operating Margin | -54.4% | -2.2% | -68.4% | -20.9% | -2.0% | 25.0% | 24.5% | 27.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-5.8M | $61.8K | $-12.0M | $-2.6M | $-110.8K | $4.9M | $4.4M | $3.5M |
| Income Tax Expense | $46.2K | $335.2K | $-669.8K | $272.3K | $-349.4K | $484.8K | $387.1K | $502.1K |
| Net Income | $-6.3M | $-643.2K | $-11.3M | $-2.9M | $238.7K | $4.5M | $4.0M | $3.0M |
| Net Margin | -55.5% | -4.1% | -58.3% | -20.8% | 1.5% | 24.8% | 27.2% | 23.5% |
| EPS (Basic) | $-1.85 | $-0.20 | $-6.97 | $-0.23 | $0.02 | $0.04 | $0.04 | $0.03 |
| EPS (Diluted) | $-1.85 | $-0.20 | $-6.97 | $-0.23 | $0.02 | $0.04 | $0.04 | $0.03 |
| Shares Outstanding (Basic) | 3.4M | 3.3M | 1.6M | 13.0M | 12.5M | 122.1M | — | — |
| Shares Outstanding (Diluted) | 3.4M | 3.3M | 1.6M | 13.0M | 12.5M | 122.1M | 108.0M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |