Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Zhibao Technology Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2025
Revenue
25.3
277
Cost of revenue
15
22.8
Gross profit
10.3
15.9
Research and development
2.08
1.52
Selling and marketing
4.35
15.7
General and administrative
2.47
6.14
Operating expenses
8.9
23.3
Operating income
1.39
-7.47
Other non-operating income
0.07
-1.55
Pre-tax income
2.58
-9.02
Income tax
0.76
-0.36
Net income
1.82
-8.66
EBITDA
1.54
-7.32
EPS, basic
0.06
-0.27
EPS, diluted
0.06
-0.27
Shares, basic (weighted)
30.4
32
Shares, diluted (weighted)
30.4
32
Balance sheet
FY2024
FY2025
Cash and equivalents
0.33
1.44
Receivables
17.9
15.9
Other current assets
1.31
0.95
Total current assets
27.2
20.2
Property, plant and equipment
0.03
0.02
Lease right-of-use assets
0.46
0.56
Intangible assets
0.36
0.21
Other non-current assets
0.01
0.09
Total assets
28.7
23.8
Accounts payable
7.05
8.18
Short-term debt
3.69
3.04
Total current liabilities
19.4
20.1
Lease liabilities
0.14
0.27
Total liabilities
19.9
20.4
Paid-in capital
27
30.6
Retained earnings
-18.1
-27.1
Other comprehensive income
-0.03
-0.12
Shareholders' equity
8.81
3.45
Total equity
8.81
3.45
Total liabilities and equity
28.7
23.8
Cash flow statement
FY2024
FY2025
Net income
1.82
-8.66
Depreciation and amortization
0.15
0.16
Stock-based compensation
0.01
Deferred income tax
0.76
-0.37
Change in receivables
-9.01
0.55
Change in payables
2.73
1.03
Cash from operations
-0.52
-2.89
Capital expenditures
-0.04
Purchases of investments
-0.35
Cash from investing
-0.08
-2.09
Debt issued
2.44
Cash from financing
4.25
1.38
Exchange rate effect
-0.03
-0.12
Net change in cash
3.62
-3.72
Free cash flow
-0.56
Interest paid
0.59
0.17
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.09 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
5.7%
Gross profit / revenue.
Operating margin
-2.7%
Operating income / revenue.
EBITDA margin
-2.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-3.3%
Pre-tax income / revenue.
Net margin
-3.1%
Net income / revenue.
Operating cash flow margin
-1.0%
Cash from operations / revenue.
Return on equity (ROE)
-141.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-32.9%
Net income / average total assets.
Return on invested capital (ROIC)
-112.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
0.5%
Research and development expense / revenue.
Stock-based pay / revenue
0.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
0.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
995.7%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
54.1%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-637.4%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-574.0%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-574.8%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-550.0%
EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-60.9%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-17.0%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
5.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.00x
Current assets / current liabilities.
Quick ratio
0.86x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.07x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.27
Net income per basic share, as reported (split-adjusted).
Revenue per share
$8.66
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.09
Cash from operations / diluted weighted shares.
Book value per share
$0.11
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.01x
Market cap / revenue.
P/B
1.03x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.10x
Market cap / tangible book value, when positive.
EV/Sales
0.01x
Enterprise value / revenue.
Earnings yield
-242.7%
Net income / market cap (the inverse of P/E).
What was Zhibao Technology Inc.'s revenue in fiscal 2025?
Zhibao Technology Inc. reported revenue of $276.9M for fiscal 2025, 995.7% higher than the year before.
Was Zhibao Technology Inc. profitable in fiscal 2025?
No. It reported a net loss of $8.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.