Zhibao Technology Inc. (ZBAO) Income Statement
ZBAO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsZBAO revenue and net income
Where ZBAO's revenue goes
2025Each bar shows an amount and its share of revenue. ZBAO kept −22.4% of revenue as net income.
ZBAO profit margins
ZBAO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ZBAO quarterly EPS vs estimates
Zhibao Technology beat the analyst EPS estimate in 0 of the last 2 quarters.
ZBAO income statement
| 2025 | |
|---|---|
| Revenue | $276.9M |
| Cost of revenue | $163.4M |
| Gross profit | $113.6M |
| Research & development | $10.9M |
| Sales, general & admin | $156.3M |
| Total operating expenses | $167.1M |
| Operating income | −$53.5M |
| Interest expense | $3.3M |
| Income before taxes | −$64.6M |
| Income taxes | −$2.6M |
| Net income | −$62.0M |
| EBITDA | −$58.1M |
| EPS (diluted) | −$1.92 |
| Gross margin | 41.0% |
| Operating margin | −19.3% |
| Net margin | −22.4% |
| Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $202.2M | $103.0M | $65.3M | $20.4M | $73.2M | $49.8M | $42.0M | $42.1M | $52.6M | $25.2M | $45.6M | $46.1M |
| Cost of revenue | $133.5M | $67.1M | −$59.3M | $14.6M | $51.9M | $27.4M | $54.2M | $27.1M | $73.3M | $12.4M | $29.2M | $29.5M |
| Gross profit | $68.7M | $35.8M | −$14.7M | $5.8M | $21.3M | $22.4M | $28.3M | $15.0M | $23.1M | $12.8M | $16.4M | $16.6M |
| Research & development | — | $2.3M | $2.5M | — | $3.0M | $3.9M | $3.6M | $3.6M | $2.8M | $2.8M | $2.0M | $2.0M |
| Sales, general & admin | — | $31.2M | $14.3M | — | $16.4M | $9.2M | $15.5M | $15.6M | $35.4M | $35.5M | $61.9M | $61.9M |
| Total operating expenses | $65.4M | $33.5M | −$11.0M | $5.2M | $19.4M | $13.1M | $19.1M | $19.2M | $38.2M | $38.3M | $13.2M | $13.3M |
| Operating income | $3.3M | $2.3M | −$28.7M | $630,641 | $1.9M | $9.3M | −$8.2M | −$4.2M | −$53.3M | −$25.5M | $3.2M | $3.3M |
| Interest expense | $2.0M | $1.0M | $808,594 | — | $802,924 | $208,657 | $422,607 | — | $378,842 | — | $273,133 | — |
| Income before taxes | $2.5M | $1.3M | −$32.5M | −$59,132 | $223,298 | $13.7M | −$8.5M | −$4.3M | −$51.0M | −$24.4M | $3.1M | $3.1M |
| Income taxes | $2.0M | $1.0M | −$610,242 | $152,019 | $545,579 | $2.8M | −$134,434 | −$68,701 | $3.4M | $1.6M | −$1.3M | −$1.3M |
| Net income | −$4.3M | −$2.2M | −$435,314 | −$211,151 | −$322,274 | $10.9M | −$8.4M | −$4.3M | −$54.3M | −$26.0M | $4.4M | $4.5M |
| EBITDA | $5.4M | $2.7M | −$3.1M | $729,738 | $1.9M | $9.4M | −$7.6M | −$3.9M | −$51.5M | −$25.5M | $3.5M | $3.3M |
| EPS (diluted) | −$1.90 | — | −$0.02 | — | — | — | — | — | — | — | — | — |
| Gross margin | 34.0% | 34.8% | −22.5% | 28.6% | 29.1% | 45.0% | 67.2% | 35.7% | 43.9% | 50.8% | 36.0% | 36.0% |
| Operating margin | 1.7% | 2.2% | −43.9% | 3.1% | 2.6% | 18.6% | −19.5% | −9.9% | −101.5% | −101.5% | 7.1% | 7.1% |
| Net margin | −2.1% | −2.1% | −0.7% | −1.0% | −0.4% | 21.9% | −19.9% | −10.1% | −103.4% | −103.4% | 9.7% | 9.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ZBAO's financial statements (latest annual report filed January 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ZBAO financial results
In fiscal year 2025 (ended December 31, 2025), Zhibao Technology reported revenue of $276.9 million. It had a net loss of $62.0 million, a net profit margin of −22.4%. Diluted earnings per share came to −$1.92.
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ZBAO income statement FAQ
What is Zhibao Technology's annual revenue?
Zhibao Technology reported total revenue of $276.9 million for fiscal year 2025, which ended on December 31, 2025.
Is Zhibao Technology profitable?
No. Zhibao Technology reported a net loss of $62.0 million in fiscal 2025, a net profit margin of −22.4%; its operating margin was −19.3%.
What is Zhibao Technology's gross margin?
Zhibao Technology's gross margin was 41.0% in fiscal 2025: for every $100 of revenue, Zhibao Technology kept $41 after the direct cost of its products and services.
How much does Zhibao Technology spend on research and development?
Zhibao Technology spent $10.9 million on research and development in fiscal 2025, 3.9% of revenue.
What are Zhibao Technology's earnings per share?
Zhibao Technology earned $-1.92 per diluted share in fiscal 2025.
When does Zhibao Technology's fiscal year end?
Zhibao Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on January 9, 2026.