Z Squared Inc.
ZSQRNasdaqFinancials · Finance Services · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $1.4M | $0 | $0 | $0 | $75,000 | — |
| Operating income | −$13.0M | −$10.1M | −$21.5M | −$34.2M | −$14.0M | −$68,430 |
| Net income | −$11.9M | −$10.7M | −$21.3M | −$37.6M | −$13.4M | −$17.3M |
| Total assets | $16.2M | $8.9M | $4.6M | $7.9M | $6.8M | $76.7M |
| Total liabilities | $2.1M | $5.0M | $3.8M | $3.5M | $4.4M | $23.0M |
| Equity | $13.6M | $3.4M | $813,964 | $4.5M | $2.4M | −$5.1M |
| EPS (diluted) | $-2.81 | $-5.56 | $-16.56 | $-2.63 | $-1.23 | $-5.63 |
| Shares out. | 3.4M | 36.1M | 20.4M | 9.4M | 9.4M | 1.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −956.9%
- Net margin
- −874.3%
- Return on equity
- −87.9%
- Return on assets
- −73.8%
- Return on capital (ROCE)
- −90.7%
- Liabilities / assets
- 12.9%
- Debt / equity
- 0.15×
- Book value / share
- $4.03
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -18.52distress
- Accruals / assets
- −20.5%clean
- Piotroski F-Score
- 6/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2022
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2021
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2021
- NT 10-Qmissed a reporting deadline ↗May 17, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Bsg Series Cm, LlcActivist (13D)May 15, 2026
- Vanguard Capital Management LlcPassive (13G)May 4, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Geller AviPassive (13G)Jan 11, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Bsg Series Cm, Llc10% owner | Apr 30, 2026 | J | 41.5M | $0.00 |
| Burke Michelle EllenOfficer — Co-Chief Executive Officer | Apr 27, 2026 | Grant | 16,447 | $0.00 |
| Cogley BrianOfficer — Chief Financial Officer | Feb 11, 2026 | Option exercise | 10,000 | $10.56 |
| Deschamps PhilippeDirector | Feb 11, 2026 | Option exercise | 5,700 | $10.56 |
| Calise ChrisDirector | Feb 11, 2026 | Option exercise | 5,700 | $10.56 |
| Mehalick DavidOfficer — CEO and President | Feb 11, 2026 | Option exercise | 148,875 | $7.05 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 516,958 | 3.0 | +8.6% |
| Apr 30, 2026 | 475,919 | 4.0 | +10.7% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer changeMay 22, 2026
- Regulation FD disclosureMay 21, 2026
- Entered a material agreement · Unregistered equity sale · Director / officer change · Regulation FD disclosure · Other material eventMay 1, 2026
- Completed an acquisition or disposition · Change in control · Director / officer change · Amended charter or bylawsApr 30, 2026
- Other material eventApr 28, 2026
- Regulation FD disclosureApr 24, 2026
- Other material eventApr 8, 2026
- Director / officer change · Other material eventFeb 12, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-K/ACURRENT REPORTJun 1, 2026
- 8-KCURRENT REPORTMay 22, 2026
- 8-KCURRENT REPORTMay 21, 2026
- 4May 15, 2026
- SCHEDULE 13D/AMay 15, 2026
- 10-QFORM 10-Q FOR MAR 2026May 15, 2026
- SCHEDULE 13DMay 4, 2026
- 3May 4, 2026
- SCHEDULE 13GMay 4, 2026
- 8-KCURRENT REPORTMay 1, 2026
- 8-KCURRENT REPORTApr 30, 2026
- 4Apr 30, 2026
- 4Apr 30, 2026
- 4Apr 30, 2026
- 4Apr 30, 2026
Event-driven situations (3)
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