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ZBAI

ATIF Holdings Ltd.

ZBAI

ATIF Holdings Ltd. • NASDAQ
$7.19 ▼ -1.91% (-0.14)
Market Cap $6.92 M
52w High $45.00
52w Low $4.83
Dividend Yield 0%
P/E -1
Volume 1.99K
Outstanding Shares 962.07K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $250K ▲ $439.012K ▼ $-1.589M ▲ -635.6% ▲ $-0.092 ▲ $-189.012K ▲
Q2-2025 $200K ▲ $550.797K ▲ $-1.903M ▼ -951.5% ▼ $-0.157 ▼ $-349.723K ▲
Q1-2025 $0 ▼ $521.109K ▲ $-367K ▲ 0% ▲ $-0.031 ▲ $-352.848K ▼
Q4-2024 $270K ▲ $504.432K ▼ $-1.351M ▼ -500.37% ▼ $-0.113 ▼ $-203.106K ▲
Q3-2024 $200K $721.282K $-807.588K -403.794% $-0.082 $-449.856K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.816M ▼ $8.688M ▲ $278.073K ▼ $8.41M ▲
Q2-2025 $8.025M ▲ $8.64M ▲ $770.928K ▼ $7.869M ▲
Q1-2025 $4.632M ▲ $5.885M ▲ $886.838K ▼ $4.998M ▲
Q4-2024 $1.674M ▼ $3.013M ▼ $1.259M ▲ $1.754M ▼
Q3-2024 $2.355M $3.333M $228.86K $3.105M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.589M ▲ $-939K ▼ $220.903K ▼ $2.13M ▼ $1.412M ▼ $-939K ▼
Q2-2025 $-1.903M ▼ $-395K ▲ $432.156K ▲ $4.775M ▲ $4.812M ▲ $-395K ▲
Q1-2025 $-367K ▲ $-801K ▼ $9.016K ▲ $0 $-792K ▲ $-801K ▼
Q4-2024 $-1.351M ▼ $-36.295K ▲ $-830K ▼ $0 ▼ $-867K ▼ $-36.295K ▲
Q3-2024 $-807.588K $-66.776K $-300.012K $2.344M $1.977M $-66.776K

Five-Year Company Overview

Income Statement

Income Statement The income statement picture is very weak. Reported revenue and gross profit have effectively been zero for several years, while the company continues to post per‑share losses each year. That suggests the core business is not yet generating meaningful, recurring income and that most activity is at a very small scale relative to a listed company. Persistent losses without offsetting revenue growth point to a business model that is still searching for traction or undergoing strategic transition, which heightens execution risk.

Balance Sheet

Balance Sheet The balance sheet looks extremely light, with total assets, cash, and equity all sitting at very low levels and no meaningful debt reported. On the positive side, the absence of debt reduces financial leverage risk. On the negative side, the very small asset and equity base implies limited financial cushion, little room to absorb shocks, and likely reliance on raising new capital if the company wants to grow or fund new ventures. Overall, the balance sheet suggests financial fragility more than strength.

Cash Flow

Cash Flow Reported operating cash flow and free cash flow are essentially flat and negligible, which is consistent with the lack of meaningful revenue. This means the business does not appear to be funding itself from its own operations and may depend on external financing or asset sales to cover expenses and new initiatives. Without visible, sustainable cash inflows, any strategic pivot or expansion—such as into cryptocurrency mining—will likely require careful capital management and could be constrained by funding availability.

Competitive Edge

Competitive Edge ATIF operates in a crowded world of financial consulting and capital markets services, where many larger and more established firms serve corporate clients. Its niche is advising smaller companies, particularly in Asia, on going public in the U.S., and its IPOEX online platform is designed to make this process more accessible and systematized. Partnerships that channel pre‑IPO companies to ATIF help, but its tiny scale limits brand recognition and resources. The move into Bitcoin mining and potential exchange operations puts it up against well‑funded crypto players as well, intensifying competition and raising the bar for successful execution.

Innovation and R&D

Innovation and R&D The key innovation is the IPOEX digital platform, which attempts to turn the traditionally relationship‑driven IPO advisory process into a more standardized, online service for smaller companies. This is a sensible use of technology in an area that is often opaque and manual. Beyond that, the company is pursuing higher‑risk innovations in digital assets, including Bitcoin mining in a low‑cost power region and a proposed acquisition of a cryptocurrency exchange. These initiatives could diversify revenue if executed well, but they push the company into volatile, rapidly changing markets where regulatory, technological, and competitive uncertainties are all high.

Summary

Overall, ZBAI appears to be a very small, financially thin company undergoing a strategic shift. The traditional SME IPO consulting business, anchored by the IPOEX platform, offers a differentiated but unproven model that has not yet translated into visible revenue or cash flow. The balance sheet and cash profile indicate limited financial reserves and a dependence on external funding. At the same time, the company is reaching for growth by expanding into crypto mining and potentially exchange operations, which are innovative but carry substantial risk. Reverse stock splits and listing‑compliance history underscore the challenges. The story is therefore one of high uncertainty: meaningful upside would likely require successful execution on several fronts at once, while the current financials highlight the fragility of the starting point.

NEWS

September 17, 2025 · 5:28 PM UTC

ATIF Holdings Limited enters into non-binding Letter of Intent to acquire Mask Global Market Co. Ltd.

Read more