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ZKIN

ZK International Group Co., Ltd.

ZKIN

ZK International Group Co., Ltd. • NASDAQ
$2.16 ▲ 0.00% (+0.00)
Market Cap $11.30 M
52w High $4.47
52w Low $0.29
Dividend Yield 0%
P/E -3.6
Volume 4.11K
Outstanding Shares 5.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $39.996M ▼ $2.675M ▼ $-796.801K ▲ -1.992% ▲ $-0.15 ▼ $-438.362K ▲
Q4-2024 $55.313M ▲ $5.08M ▲ $-2.307M ▼ -4.171% ▼ $-0.067 ▼ $-592.864K ▼
Q2-2024 $52.887M ▼ $3.186M ▼ $-474.546K ▲ -0.897% ▲ $-0.015 ▲ $323.668K ▲
Q4-2023 $61.944M ▲ $58.713M ▲ $-61.005M ▼ -98.484% ▼ $-1.88 ▼ $-60.272M ▼
Q2-2023 $49.655M $3.027M $-55.417K -0.112% $-0.002 $893.159K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.606M ▼ $71.915M ▼ $45.391M ▼ $26.368M ▼
Q4-2024 $4.059M ▼ $79.987M ▲ $51.67M ▲ $28.163M ▼
Q2-2024 $4.995M ▼ $77.224M ▲ $48.655M ▲ $28.419M ▲
Q4-2023 $5.094M ▲ $58.669M ▼ $33.43M ▼ $25.081M ▼
Q2-2023 $2.634M $121.573M $34.655M $86.542M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-2.307M ▼ $0 $0 $0 $0 $0
Q2-2024 $-474.546K ▲ $0 $0 $0 $0 $0
Q4-2023 $-61.005M ▼ $0 $0 $0 $0 ▲ $0
Q2-2023 $-55.417 ▲ $0 ▼ $0 ▲ $0 ▼ $-2.69M ▼ $0 ▼
Q4-2022 $-6.073M $3.027M $-1.943M $1.443M $2.293M $1.084M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly flat over the last few years, which suggests the core business is stable but not yet growing strongly. Profitability has been thin and somewhat volatile: there was a clear loss in an earlier recent year, followed by a move back toward roughly break-even results. Management reports a big rebound in gross profit more recently, which likely reflects better pricing, cost control, or mix of projects, rather than a surge in sales. Overall, the income statement shows a business that is trying to climb out of a low-margin, loss-making period but has not yet established a long, consistent track record of solid profits.

Balance Sheet

Balance Sheet The balance sheet is relatively small and has shrunk compared with a few years ago, which implies the company has less asset backing than it once did. Equity has also come down from earlier levels, indicating that past losses have eaten into the capital base. Debt is present but not extreme relative to total assets; however, cash balances look thin, which limits the financial cushion. In simple terms, the balance sheet appears lean and somewhat fragile, with limited room for major shocks or large new investments without fresh funding.

Cash Flow

Cash Flow Operating cash flow has hovered around break-even, slipping slightly negative at times. That tells us the business is not consistently generating surplus cash from its core operations yet. Free cash flow has also been modest and occasionally negative, although very low capital spending has helped prevent deeper cash burn. The lack of sizable capital investment can preserve cash in the short run but may also signal constrained ability to upgrade capacity or technology purely from internal resources. Overall, cash flow looks tight and requires careful management.

Competitive Edge

Competitive Edge In its steel pipe business, the company competes by focusing on specialized, higher-performance products rather than basic commodity pipes. Patented designs, strict quality control, and advanced manufacturing methods help differentiate its offerings, especially for demanding water and gas infrastructure projects. An integrated supply chain and engineering support services add to the stickiness of customer relationships, particularly with utilities and developers. At the same time, the firm operates in a cyclical, competitive industry tied to construction and real estate, especially in China, which brings demand risk. Its diversification into online gaming and crypto-related platforms could broaden the opportunity set but also pits it against well-funded technology players and adds complexity to the overall competitive picture.

Innovation and R&D

Innovation and R&D The company has invested in building a technical edge in its core steel segment, with a dedicated research center, multiple patents, and use of advanced welding and production technologies. Its products target higher-spec applications, such as reliable water and gas pipelines and sustainable infrastructure, rather than low-end steel. More recently, it has pushed into entirely new areas through its xSigma subsidiary, including online gaming and digital-asset trading platforms. These moves show a willingness to experiment and innovate beyond traditional manufacturing. However, they also move the business far from its historical strengths, so execution risk is high and outcomes are uncertain. Future progress will depend on turning these R&D and diversification efforts into stable, repeatable earnings rather than one-off projects.

Summary

ZK International sits at the intersection of an old-economy steel business and new-economy digital ventures. Financially, the company has seen weak and uneven profitability, with flat sales, thin margins, and only tentative signs of improvement. The balance sheet is lean and cash is limited, leaving less room for missteps. On the positive side, the core pipe business is built on real engineering capabilities, patent protection, and a record of delivering for demanding infrastructure projects, which gives it more depth than a typical commodity steel producer. The shift into online gaming and crypto-related platforms introduces new growth angles but also increases complexity and uncertainty, particularly given the company’s modest financial resources. Overall, ZKIN appears to be in a transition phase: trying to stabilize and upgrade its traditional operations while betting on new, higher-growth areas, with execution and financial discipline being key variables to watch.

NEWS

September 29, 2025 · 5:00 PM UTC

ZK International Group Co., Ltd. Announces Earnings Results for the First Half of Fiscal Year 2025

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