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Z Squared (ZSQR) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Z Squared (ZSQR) Q2 2026 earnings results →

Q2 2026 667¢ of every $1 of revenue lost · operating margin -672.2%

Z Squared made $1.5M in Q2 2026. Operating margin -672.2%, net loss $9.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$1.5M
Year over year—
Operating margin-672.2%
Net earnings−$9.8M
Operating cash flow$1.6M

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 $1.5M in Q2 2026, up 1192% from the previous quarter.

Operating costs exceeded revenue by $9.9M, an operating margin of -672.2%. The quarter ended with a net loss of $9.8M, wider than the previous quarter's $3.9M loss. Minority interests bore $32K of it: to shareholders the quarter was a loss of $9.8M.

Operating cash flow was $1.6M. Non-cash charges added back $862K of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $4.5M.

Quarterly history

Z Squared revenue by quarterZ Squared revenue by quarter$63KQ1 2025$237KQ3 2025$862KQ4 2025$114KQ1 2026$1.5MQ2 2026
Z Squared net earnings by quarterZ Squared net earnings by quarter−$3.4MQ1 2025−$2.7MQ3 2025−$1.9MQ4 2025−$3.9MQ1 2026−$9.8MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$1.5M—-672.2%−$9.8M$1.6M
Q1 202610-QMay 15, 2026$114K+81%n/m−$3.9M−$1.8M
Q4 202510-KMar 19, 2026$862K—-230.6%−$1.9M−$1.7M
Q3 202510-QNov 14, 2025$237K—n/m−$2.7M−$2.2M
Q1 202510-QMay 14, 2025$63K—n/m−$3.4M−$2.4M

Charts

Z Squared: revenue growth, year over year and quarter over quarterZ Squared: revenue growth, year over year and quarter over quarterY/YQ/Q+278%Q3 2025+263%Q4 2025+81%-87%Q1 2026+400%Q2 2026
Latest (Q2 2026): Y/Y —, Q/Q +400%.
Z Squared: where the cash came from (+) and went (−), TTM to Q2 2026Z Squared: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$28.2MCash drawn (+) / kept (−)−$20.6MOperating cash flow−$8.8MNet borrowing (+) / repaid (−)$1.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Z Squared: profit against cash, quarter by quarterZ Squared: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.8M−$1.9MQ3 2024−$2.8M−$1.4MQ4 2024−$3.4M−$2.4MQ1 2025$3.4M$2.4MQ2 2025−$2.9M−$6.9MQ3 2025−$1.3M−$1.7MQ4 2025−$4.0M−$1.8MQ1 2026−$9.8M$1.6MQ2 2026
Latest (Q2 2026): Net income −$9.8M, Operating cash flow $1.6M.
Z Squared: diluted shares by fiscal year (split-adjusted)Z Squared: diluted shares by fiscal year (split-adjusted)48MFY202044MFY202157MFY202251MFY20234MFY20244MFY2025
-91.1% since FY2020: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY2025, 2-for-1 split before FY2023, 10-for-1 split before FY2021.

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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Customers and suppliers named in filings

Buys from

About Z Squared

General. On April 24, 2026 (the “Closing” or the “Closing Date”), Z Squared Inc. (the “Company”), formerly known as Coeptis Therapeutics Holdings, Inc., completed the business combination contemplated by the Agreement and Plan of Merger, dated as of April 25, 2025 (the “Merger Agreement”), by and among the Company, CP Merger Sub Inc., a Wyoming corporation and wholly owned subsidiary of the Company (“Merger Sub”), and Z Squared, Inc., a Wyoming corporation. At the effective time of the merger (the “Effective Time”), Merger Sub merged with and into Z Squared, Inc., which survived the merger as a wholly owned subsidiary of the Company and was renamed Z Squared OpCo Inc. (“OpCo”) (the “Merger”). In connection with the Closing, the Company changed its corporate name from “Coeptis Therapeutics Holdings, Inc.” to “Z Squared Inc.”

In its own words, from its 10-Q, filed Aug 13, 2026.

Z Squared against its Finance Services peers

The largest companies of the same SEC industry, each at its latest quarter. Operating margin: -672.2% against the peers' median 5.1%.

CompanyQuarterRevenueY/YOp. margin
ZSQR Z SquaredQ2 2026$1.5M—-672.2%
AXP American ExpressQ3 2026$20.1B+9%22.6%
BTGO Bitgo HoldingsQ2 FY27$4.3B+80%-0.4%
General Motors Financial CompanyQ3 2026$4.3B-0.6%15.3%
SOFI SoFi TechnologiesQ3 2026$1.4B+44%22.9%
COIN Coinbase GlobalQ3 2026$1.2B-35%5.1%
CRCL Circle Internet GroupQ3 2026$865M+17%24.1%
CHYM Chime FinancialQ3 2026$718M+32%4.8%
GDOT Green DOTQ2 2026$596M+18%-0.1%

Source: Z Squared 10-Q on SEC EDGAR · CIK 1759186 · Finance Services

13F: who owns ZSQR and who is buying

Largest holders of ZSQR (13F)Largest holders of ZSQR (13F)BlackRock$26.7MVanguard Capital Management LLC$17.7MGeode Capital Management, LLC$7.5MState Street$5.3MNorthern Trust$3.7MVanguard Portfolio Management LLC$3.2MVanguard Fiduciary Trust$1.4MNuveen, LLC$1.1MCharles Schwab Investment Managem…$1.1MBank of New York Mellon$969K
Funds' net buying of ZSQR by quarter (13F)Funds' net buying of ZSQR by quarter (13F)$275K2026-03$74.3M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ZSQR

History

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

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