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ZCARW

Zoomcar Holdings, Inc.

ZCARW

Zoomcar Holdings, Inc. • NASDAQ
$0.02 ▲ 839.13% (+0.02)
Market Cap $73376
52w High $0.02
52w Low $0.00
Dividend Yield 0%
P/E 0
Volume 1.60K
Outstanding Shares 3.40M

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 Income is very small and has not grown in a meaningful way over the past several years, while operating costs have remained much higher than revenue. That leads to recurring operating losses and negative net income every year. The losses do not appear to be exploding, but the company is still far from break‑even. The wide swings in per‑share figures likely reflect changes in share count or capital structure more than underlying business performance. Overall, the business model is still in a build‑out phase: spending to operate and grow the platform is not yet being covered by the revenue base.

Balance Sheet

Balance Sheet The balance sheet looks thin and financially stretched. The company runs with relatively small total assets, limited cash on hand in the most recent periods, and a level of debt that is large compared with its asset base. Shareholders’ equity is negative, which means past losses and obligations exceed the accounting value of assets. This points to a fragile capital structure and a reliance on creditors and new capital infusions rather than internally generated strength. In simple terms, the company does not yet have a cushion: it is highly dependent on continued access to financing to support operations and growth plans.

Cash Flow

Cash Flow Cash flow from the core business has been consistently negative, showing that the current operations consume cash rather than produce it. Free cash flow is also negative, even though spending on physical assets is modest, which means the main drain is operating and growth costs, not heavy investment in property or equipment. This pattern suggests the company needs outside funding to keep running and expanding. Until operating cash flows move closer to break‑even, liquidity and funding risk remain key points to watch.

Competitive Edge

Competitive Edge Zoomcar is trying to build a differentiated position in the car‑sharing and mobility space, especially in emerging markets where car ownership is lower and demand for flexible access is rising. Its peer‑to‑peer, asset‑light marketplace model reduces the need to own cars directly, which can help it scale faster and more flexibly than traditional rental firms. A first‑mover presence in markets like India and several other emerging economies, along with growing brand recognition, gives it an early advantage and some network effects: more hosts attract more guests, which in turn attract more hosts. However, the company still operates in a highly competitive and often price‑sensitive mobility landscape, facing pressure from both traditional rental companies and app‑based transport services. Sustaining and monetizing its early advantages while managing losses is the central challenge.

Innovation and R&D

Innovation and R&D The company’s strategy leans heavily on technology rather than on owning large fleets. Its in‑car device enables keyless entry, real‑time tracking, and health monitoring of vehicles, which improves user convenience and operational control. Beyond hardware, Zoomcar uses artificial intelligence for driver scoring, pricing, and customer support, aiming to reduce accidents, optimize revenue, and improve service quality. It has also extended its technology into a software platform for other fleet operators, creating a business‑to‑business revenue stream. New offerings such as subscription models, a chauffeur‑driven service, vouchers, and an AI assistant show an active product pipeline. This kind of ongoing innovation can deepen customer engagement and open additional revenue channels, though it also adds execution complexity and requires sustained investment.

Summary

Financially, Zoomcar is still in an early, loss‑making phase: revenue is modest, profitability is not yet in sight, the balance sheet is thin with negative equity, and the business depends on external funding to cover cash burn. Strategically, the company is pursuing a technology‑driven, asset‑light marketplace model with strong emphasis on emerging markets. It has meaningful early‑mover advantages, a growing ecosystem of hosts and guests, and several innovative product lines and software offerings. The opportunity lies in scaling this model, strengthening the platform’s network effects, and converting technology and brand assets into a sustainable, cash‑generating business. The key risks are continued operating losses, balance‑sheet fragility, and intense competitive and regulatory pressures in the mobility sector.