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ZCAR

Zoomcar Holdings, Inc.

ZCAR

Zoomcar Holdings, Inc. • NASDAQ
$0.22 ▼ -15.38% (-0.04)
Market Cap $1.40 M
52w High $124.00
52w Low $0.18
Dividend Yield 0%
P/E 0
Volume 172
Outstanding Shares 6.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $190.337M ▼ $-1.586B ▼ $9.349B ▲ 4.912K% ▲ $1.692K ▲ $591.493M ▲
Q1-2025 $2.313B ▲ $1.001B ▲ $-4.205M ▲ -0.182% ▲ $-0.5 ▲ $-3.987M ▲
Q4-2024 $2.169M ▼ $3.313M ▼ $-11.817M ▼ -544.889% ▼ $-39.03 ▲ $-9.734M ▼
Q3-2024 $2.449M ▲ $4.188M ▲ $-7.922M ▲ -323.433% ▲ $-71.26 ▲ $-7.037M ▼
Q2-2024 $2.247M $2.606M $-3.352B -149.182K% $-88.56 $-1.685M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $169.357M ▲ $3.118B ▲ $30.834B ▲ $-27.716M ▼
Q1-2025 $385.229K ▼ $3.907M ▼ $30.709M ▲ $-26.802M ▼
Q4-2024 $1.077M ▼ $5.357M ▼ $30.706M ▼ $-25.349M ▲
Q3-2024 $4.397M ▲ $9.545M ▲ $47.968M ▲ $-38.423M ▼
Q2-2024 $614.206K $6.189M $38.948M $-32.759M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $0 ▲ $-623.725K ▼ $701 ▲ $1.195M ▲ $-264.985K ▲ $-623.719K ▼
Q1-2025 $-4.205B ▼ $89.745M ▲ $-1.061M ▼ $-826.493M ▼ $-737.809M ▼ $89.027M ▲
Q4-2024 $-11.817M ▼ $-4.032M ▼ $28.584K ▼ $571.204K ▼ $-3.425M ▼ $-4.032M ▼
Q3-2024 $-7.922M ▼ $-2.547M ▼ $78.731K ▲ $6.439M ▲ $3.983M ▲ $-2.547M ▼
Q2-2024 $-3.352M $-720.156K $67.785K $-302.332K $-969.277K $-720.156K

Five-Year Company Overview

Income Statement

Income Statement Zoomcar’s income statement shows a very small revenue base that has not meaningfully grown over the last five years. The company has consistently operated at a loss, with negative gross profit in most years and operating losses every year. There is some mild improvement in the most recent year versus the prior one, but not enough yet to change the basic picture: the business model still has to scale much further before fixed costs are covered. Earnings per share have been highly volatile and deeply negative, reflecting ongoing losses and capital structure changes rather than stable, underlying profitability.

Balance Sheet

Balance Sheet The balance sheet is thin and highly stretched. Total assets are modest, and cash on hand has declined to very low levels. Debt, by contrast, has become quite large relative to the company’s size, especially in the most recent year. Shareholders’ equity has been negative for several years, which means obligations to creditors exceed the book value of assets. Overall, the company appears financially fragile, with limited balance sheet cushion and a heavy dependence on lenders and capital markets for support.

Cash Flow

Cash Flow Zoomcar has consistently burned cash from its core operations, indicating that the business is not yet self-funding. Free cash flow has been negative every year and particularly weak most recently, suggesting a sizable outflow that may reflect restructuring, financing costs, or other non-recurring items layered on top of ongoing operating usage. Capital spending has been modest, which fits an asset-light platform model, but the combination of negative operating cash flow and minimal liquidity means the company likely needs continued external funding to keep investing and to cover its obligations.

Competitive Edge

Competitive Edge On the competitive side, Zoomcar is trying to carve out a niche as a peer‑to‑peer car‑sharing marketplace in emerging markets, rather than a traditional car rental fleet owner. Its early-mover position in India, focus on hosts and guests instead of owning cars, and strong brand recognition in its core markets provide some structural advantages. Network effects are important here: more car owners attract more renters, and vice versa, which can be hard for new entrants to replicate. However, the company operates in a tough, highly competitive mobility space that includes ride‑hailing firms, traditional rental players, and local startups. Its financial weakness may also limit its ability to defend and expand its position against better-capitalized rivals.

Innovation and R&D

Innovation and R&D Innovation is a clear strong point. Zoomcar has built a technology stack centered on data, artificial intelligence, and connected‑car hardware. Its proprietary driver scoring system, dynamic pricing and risk tools, and IoT‑based tracking help manage safety, fraud, and vehicle utilization. The company is also experimenting with generative AI assistants to support both hosts and guests, and is exploring insurance integrations and other value‑added services. These features can improve user experience and potentially widen its moat if they translate into lower accidents, better economics for hosts, and more reliable service for renters. The main tension is that continuing to invest in these innovations requires capital at a time when the financial base is weak.

Summary

Overall, Zoomcar combines a compelling technology‑driven, asset‑light marketplace concept with a very strained financial profile. Strategically, it benefits from first‑mover status in several emerging markets, network effects between hosts and renters, and a differentiated AI- and data‑heavy platform that could support future products like usage‑based insurance or eco‑friendly mobility offerings. At the same time, revenue remains very small, losses are persistent, cash is tight, leverage is high, and equity is negative. The recent reverse stock split hints at market pressure on the share price. The key question going forward is whether Zoomcar can scale its network and technology fast enough, and with enough external funding, to reach sustainable profitability before balance sheet constraints and competition limit its options.

NEWS

November 25, 2025 · 8:00 AM UTC

Zoomcar Introduces Trip Protection Supported by Universal Sompo's Contractual Liability Policy

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November 14, 2025 · 7:00 AM UTC

Zoomcar Delivers Eighth Consecutive Quarter of Positive Contribution Profit; Net Loss Narrows by 76% Year-over-Year

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November 11, 2025 · 9:00 AM UTC

Zoomcar Set to Unveil Q2 FY 2025-26 Earnings Call: Key Updates on Growth and Market Strategy

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October 29, 2025 · 10:00 AM UTC

US-Listed Zoomcar Targets India's $50 Billion Shared Mobility Opportunity

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