Z Squared (ZSQR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Z Squared

NasdaqGM•Technology•Software - Infrastructure

$2.68+0.14(0.06%)After hours

Market Cap

$126.39M

P/S

45.2x

P/B

1.0x

Z Squared Inc. operates as a computing and digital infrastructure company in North Carolina, South Carolina, and Iowa. The company is involved in the digital asset mining for generation of dogecoin and Litecoin through merged mining using Script-algorithm ASIC hardware. It also manages and optimizes a fleet of specialized computing hardware, supported by dynamic power management strategies, real time analytics dashboards, and a comprehensive in house repair and lifecycle management program designed to maximize hardware efficiency and reduce capital waste. The company was founded in 2022 and is based in Fort Lauderdale, Florida.

How this company scores

AverageMetricSide Score: 44/100

Strongest: Growth (16/25); weakest: Cash & Earnings Quality (6/25).

Profitability7/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality6/25

Strengths

Growing revenueInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 452.1x5y range 98.5x – 452.1x

Currently above its 5-quarter median.

P/S · 45.2x5y range 45.2x – 458.0x

Currently below its 6-quarter median.

P/B · 1.0x5y range 1.0x – 496.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $126.39M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.80M
Q. Revenue: $1.58M
TTM EBITDA: $-19.79M
TTM Op. Income: $-22.17M
Q. Op. Income: $-13.79M
TTM Net Income: $-21.98M
Q. Net Income: $-13.79M
EPS: $-0.28
Shares Out.: $49.76M

$2.80M in TTM revenue grew 961.2% YoY, reaching $1.58M last quarter. TTM EBITDA of $-19.79M and TTM operating income of $-22.17M show growth is flowing through to the bottom line. However, net income is negative at $21.98M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: -111.5%
EBITDA Margin: -798.1%
Op. Margin: -871.2%
Net Margin: -871.2%

Op. margin of -871.2% is up 1381.8% YoY — cost efficiency is improving. Net margin at -871.2% and gross margin of -111.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 61% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 45.2x
P/B Ratio: 1.0x

P/S of 45.2x and P/B of 1.0x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $134.51M
Cash: $15.49M
Long-Term Debt: N/A
Book Value: $132.48M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.56M
TTM Free Cash Flow: $-16.48M
FCF Margin: -589.3%
FCF / Net Income: 0.7

TTM FCF of $-16.48M on $1.56M in operating cash flow. The FCF / Net Income ratio of 0.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 104% — a weakening trend.