Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data ZOOZ Strategy Ltd. 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
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
0.76
1.04
0.25
Cost of revenue
0.18
1.87
1.53
3.11
Gross profit
-0.18
-1.11
-0.49
-2.86
Research and development
1.52
4.16
5.22
5.06
3.74
Selling and marketing
0.99
1.67
3.04
1.32
1.31
General and administrative
2.03
2.19
2.85
3.66
14.9
Operating income
-4.54
-8.2
-12.2
-10.5
-53.1
Interest expense
0.17
0.16
Pre-tax income
-4.58
-7.83
-11.8
Net income
-4.58
-7.83
-11.8
-11
-55.6
EBITDA
-4.49
-8.07
-12
-10.2
-52.8
EPS, basic
-2.27
-1.51
-1.99
-1.09
-0.94
EPS, diluted
-2.27
-1.51
-1.99
-1.09
-0.94
Shares, basic (weighted)
2.02
5.17
0.01
0.01
0.06
Shares, diluted (weighted)
2.02
5.17
0.01
0.01
0.06
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
20.6
6.67
7.53
27
Inventory
1.77
2.85
2.32
Other current assets
0.6
0.55
0.4
1.26
Total current assets
22.9
10.3
10.7
28.9
Property, plant and equipment
0.72
1.59
0.93
0.29
Lease right-of-use assets
1.46
1.31
0.97
0.73
Total assets
25.4
13.5
12.8
123
Accounts payable
0.49
0.54
0.3
0.18
Accrued liabilities
0.25
0.98
0.51
0.99
Total current liabilities
2.92
3.25
5.19
2.93
Lease liabilities
1.25
1.04
0.6
0.43
Total liabilities
4.17
4.29
6.12
3.37
Paid-in capital
58.3
58.8
67
234
Retained earnings
-35.4
-47.2
-58.2
-114
Other comprehensive income
-1.6
-2.41
-2.15
-1.26
Shareholders' equity
21.3
9.19
6.72
119
Total equity
2.64
21.3
9.19
6.72
119
Total liabilities and equity
25.4
13.5
12.8
123
Shares outstanding
5.91
5.91
12.1
162
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-4.58
-7.83
-11.8
-11
-55.6
Depreciation and amortization
0.04
0.13
0.24
0.37
0.36
Stock-based compensation
-1.32
-1.75
-0.22
0.37
6.7
Change in receivables
0.04
Change in inventory
-0.46
-1.41
-1.12
0.85
2.48
Cash from operations
-6.09
-10.5
-12.2
-9.93
-13.8
Capital expenditures
-0.3
-0.5
-1.37
-0.07
-0.09
Cash from investing
-0.3
-0.5
-1.34
0.16
-122
Debt issued
2.87
Stock issued
27.9
7.55
Cash from financing
7.65
27.9
10.7
155
Net change in cash
1.69
14.9
-14.1
1.09
19.5
Free cash flow
-6.38
-11
-13.6
-10
-13.9
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $7.71 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-1,160.0%
Gross profit / revenue.
Operating margin
-21,511.0%
Operating income / revenue.
EBITDA margin
-21,363.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-22,506.0%
Net income / revenue.
FCF margin
-5,618.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-5,581.0%
Cash from operations / revenue.
Return on equity (ROE)
-88.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-82.1%
Net income / average total assets.
Return on invested capital (ROIC)
-91.9%
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
1,515.0%
Research and development expense / revenue.
Stock-based pay / revenue
2,713.0%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
37.7%
Capital expenditures / revenue.
D&A / revenue
147.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-76.3%
Revenue vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
1,674.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
77.6%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
854.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
68.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
488.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-77.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
9.85x
Current assets / current liabilities.
Quick ratio
9.22x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
9.22x
(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
-$0.94
Net income per basic share, as reported (split-adjusted).
Revenue per share
$4.17
Revenue / diluted weighted shares.
FCF per share
-$234.05
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$232.48
Cash from operations / diluted weighted shares.
Book value per share
$0.74
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
253x
Market cap / revenue.
P/B
0.52x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.52x
Market cap / tangible book value, when positive.
EV/Sales
143x
Enterprise value / revenue.
FCF yield
-22.2%
Free cash flow / market cap.
Earnings yield
-89.0%
Net income / market cap (the inverse of P/E).
What was ZOOZ Strategy Ltd.'s revenue in fiscal 2025?
ZOOZ Strategy Ltd. reported revenue of $247.0K for fiscal 2025, 76.3% lower than the year before.
Was ZOOZ Strategy Ltd. profitable in fiscal 2025?
No. It reported a net loss of $55.6M.
How much free cash flow did ZOOZ Strategy Ltd. generate in fiscal 2025?
Cash from operations of $13.8M minus capital expenditures of $93.0K left free cash flow of -$13.9M.
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.