NASDAQ · Real estate

Zhongchao Inc. (ZCMD)

Zhongchao Inc. reported revenue of $11.4M in fiscal 2025, down 28.3% from a year earlier. It posted a net loss of $6.3M. At December 31, 2025 it held $8.1M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 3, 2026.

Revenue (FY2025)

$11.4M

-28.3% year on year

Net margin

-55.5%

What Zhongchao Inc. does

Zhongchao Inc. is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NASDAQ under the ticker ZCMD.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	$11.4M	-$6.2M	-$6.3M	-$1.85	n/a
2024	$15.9M	-$341.3K	-$643.2K	-$0.99	n/a
2023	$19.4M	-$13.3M	-$11.3M	-$34.83	n/a
2022	$14.2M	-$3M	-$2.9M	-$9.05	n/a
2021	$16.3M	-$320.7K	$238.7K	$0.77	n/a
2020	$18M	$4.5M	$4.5M	$14.07	n/a

Full financial statements: income, balance sheet and cash flow

Where ZCMD ranks in Real estate

Revenue$11.4M

#179 of 195 in Real estate · Bottom 8%

Revenue growth-28.3%

#171 of 180 in Real estate · Bottom 5%

Net margin-55.5%

#176 of 183 in Real estate · Bottom 4%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Real estate

Latest SEC filings

What Zhongchao Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

September 21, 2026
Foreign issuer update 6-K
September 11, 2026
Foreign issuer update 6-K
August 14, 2026
Passive stake changed SCHEDULE 13G/A
August 11, 2026
Foreign issuer update 6-K
August 6, 2026
Securities offering prospectus 424B5
July 28, 2026
Foreign issuer update 6-K
July 24, 2026
Securities offering prospectus 424B5
July 22, 2026
Activist stake changed SCHEDULE 13D/A
July 22, 2026
Foreign issuer update 6-K
June 23, 2026
Foreign issuer update 6-K

Recent insider filings (Forms 3, 4 and 144): 6, the latest on July 22, 2026. Insider transactions on SEC

Insider trades

What the people running Zhongchao Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 2 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)

last 90 days

Sold

last 90 days

Date	Insider	What	Shares	Price	Value	Filing
July 21, 2026	Yang WeiguangChief Executive Officer, Director, 10% owner	Received as payindirect	2,500,000	-	-	Form 4
July 21, 2026	Yang WeiguangChief Executive Officer, Director, 10% owner	Received as payindirect	200,000	-	-	Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ZCMD

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

Holder	Of class	Shares	Filed
Yang Weiguang13D, may seek influence with 1 related filers	70.1%	2,707,461	July 22, 2026

Latest filings below 5%: S.H.N. Financial Investments Ltd. 0% (August 14, 2026).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

1 insiders reported holding 2,707,461 shares in total.

Holder	Shares	As of
Yang WeiguangChief Executive Officer, Director, 10% owner	2,707,4612,707,461 held indirectly	July 21, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ZCMD

What does Zhongchao Inc. do?

Zhongchao Inc. is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NASDAQ under the ticker ZCMD.

Is Zhongchao Inc. profitable?

No. In fiscal 2025 it reported a net loss of $6.3M on revenue of $11.4M.

How much revenue does Zhongchao Inc. make?

In fiscal 2025 Zhongchao Inc. reported revenue of $11.4M. That is 28.3% less than a year earlier.

When did Zhongchao Inc. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 3, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 21, 2026.

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Laureate Education, Inc.

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Where the numbers come from

Financial figures are the values Zhongchao Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.