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Zoned Properties (ZDPY) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Zoned Properties (ZDPY) Q2 2026 earnings results →

Q2 2026 Revenue down 18% year over year to $774K · 10¢ of every $1 of revenue kept as net profit · operating margin -6.0%

Zoned Properties made $774K in Q2 2026 (-18% Y/Y): Property Investment Portfolio Revenues $656K, Real Estate Services Revenues $118K. Operating margin -6.0%, net earnings $74K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$774K
Year over year-18%
Operating margin-6.0%
Net earnings$74K
Operating cash flow−$589K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $774K in Q2 2026, down 17% year over year and down 34% from the previous quarter. Property Investment Portfolio Revenues was the largest line at 85% of revenue. Property Investment Portfolio Revenues lost $101K year over year (down 13%), 62% of the total change.

Operating costs exceeded revenue by $46K, an operating margin of -6.0%. Total costs grew 23% against a revenue fall of 17%. The fastest-growing cost line was General & admin (+45%). Net earnings were $74K, up 180% year over year. The effective tax rate was 0.0%. Non-operating items added $120K, 163% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$589K. Non-cash charges added back $75K of depreciation and amortization. Working capital and other items used $737K.

Quarterly history

Zoned Properties revenue by quarterZoned Properties revenue by quarter$1.2MQ4 2024$975KQ1 2025$938KQ2 2025$1.0MQ3 2025$1.2MQ4 2025$1.2MQ1 2026$774KQ2 2026
Zoned Properties net earnings by quarterZoned Properties net earnings by quarter$451KQ4 2024$146KQ1 2025$26KQ2 2025$155KQ3 2025−$3.2MQ4 2025−$55KQ1 2026$74KQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$774K-18%-6.0%$74K−$589K
Q1 202610-QMay 15, 2026$1.2M+20%10.8%−$55K$1.6M
Q4 202510-KApr 1, 2026$1.2M-2%-243.1%−$3.2M$120K
Q3 202510-QNov 13, 2025$1.0M-2%36.3%$155K$92K
Q2 202510-QAug 14, 2025$938K+36%29.0%$26K$239K
Q1 202510-QMay 14, 2025$975K+16%44.0%$146K$331K
Q4 202410-KMar 25, 2025$1.2M+75%34.5%$451K$123K

Charts

Zoned Properties: revenue growth, year over year and quarter over quarterZoned Properties: revenue growth, year over year and quarter over quarterY/YQ/Q+75%Q4 2024+16%-21%Q1 2025+36%-4%Q2 2025-2%+8%Q3 2025-2%+20%Q4 2025+20%-4%Q1 2026-18%-34%Q2 2026
Latest (Q2 2026): Y/Y -18%, Q/Q -34%.
Zoned Properties: where the cash came from (+) and went (−), TTM to Q2 2026Zoned Properties: where the cash came from (+) and went (−), TTM to Q2 2026Cash drawn (+) / kept (−)−$1.5MOperating cash flow$1.3MOther investing$210KCapital spending−$200KOther financing$197K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Zoned Properties: profit against cash, quarter by quarterZoned Properties: profit against cash, quarter by quarterNet incomeOperating cash flow$59K$209KQ3 2024$451K$123KQ4 2024$146K$331KQ1 2025$26K$239KQ2 2025$155K$92KQ3 2025−$3.2M$120KQ4 2025−$55K$1.6MQ1 2026$74K−$589KQ2 2026
Latest (Q2 2026): Net income $74K, Operating cash flow −$589K.
Zoned Properties: diluted shares by fiscal yearZoned Properties: diluted shares by fiscal year12MFY202012MFY202112MFY202212MFY202312MFY202412MFY2025
+0.4% since FY2020: more shares outstanding (issuance, stock pay).
Zoned Properties: long-term debt falling due (FY2025)Zoned Properties: long-term debt falling due (FY2025)$80K2026$1.7M2027$51K2028$55K2029$1.7M2030$4.1MLater
Cash $838K, short-term investments —, long-term debt $7.7M at 2025-12-31.
Zoned Properties in its industry: growth against margin (4 companies, SIC 6512)Zoned Properties in its industry: growth against margin (4 companies, SIC 6512)revenue growth, year over year →↑ operating marginmedian -6%median -6%PDMMAYSAWCAZDPY (-18%, -6%)
Opeators of Nonresidential Buildings; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Zoned Properties

The following discussion should be read in conjunction with our consolidated financial statements and the related notes to the consolidated financial statements that appear elsewhere in this annual report on Form 10-K. As used in this annual report on Form 10-K and unless otherwise indicated, the terms the terms “Zoned Properties”, “Company,” “we,” “us,” or “our” refer to Zoned Properties, Inc. and its wholly owned subsidiaries as detailed below.

In its own words, from its 10-K, filed Apr 1, 2026.

Zoned Properties against its Opeators of Nonresidential Buildings peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -18% against the peers' median -6%. Operating margin: -6.0% against the peers' median -6.0%.

CompanyQuarterRevenueY/YOp. margin
ZDPY Zoned PropertiesQ2 2026$774K-18%-6.0%
PDM Piedmont Realty TrustQ3 2026$151M+9%14.5%
MAYS Mays J WQ3 FY26$5.3M-6%-6.1%
AWCA Awaysis CapitalQ4 FY26$113K-32%-594.5%

Source: Zoned Properties 10-Q on SEC EDGAR · CIK 1279620 · Opeators of Nonresidential Buildings

More on ZDPY

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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