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ZNB

Zeta Network Group

ZNB

Zeta Network Group • NASDAQ
$0.89 ▲ 8.21% (+0.07)
Market Cap $130.19 M
52w High $120.75
52w Low $0.68
Dividend Yield 0%
P/E 0
Volume 178.53K
Outstanding Shares 146.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 $10.47M $-11.409M 0% $-307.94 $-1.965M
Q1-2025 $0 ▼ $10.47M ▲ $-11.409M ▼ 0% ▲ $-307.94 ▼ $-1.965M ▼
Q4-2024 $885K $3.119M $-2.87M -324.299% $-138.85 $-1.641M
Q3-2024 $885K ▲ $3.119M ▼ $-2.87M ▲ -324.299% ▲ $-138.85 ▼ $-1.641M ▲
Q2-2024 $530.221K $10.803M $-10.562M -1.992K% $0 $-9.776M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $130.255K $15.342M $9.478M $5.864M
Q1-2025 $130.255K ▲ $15.342M ▼ $9.478M ▲ $5.864M ▼
Q4-2024 $20.218K $27.592M $9.066M $18.526M
Q3-2024 $20.218K ▼ $27.592M ▼ $9.066M ▲ $18.526M ▼
Q2-2024 $259.328K $30.186M $7.821M $22.365M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-11.409M $-882.97K $-2M $2.938M $0 $-882.97K
Q1-2025 $-11.409M ▼ $-882.97K ▼ $-2M ▼ $2.938M ▲ $0 $-882.97K ▼
Q4-2024 $-2.87M $-134.545K $0 $14.991K $0 ▲ $-134.545K
Q3-2024 $-2.87M ▲ $-134.545K ▲ $0 $14.991K ▼ $-259.328K ▼ $-134.545K ▲
Q2-2024 $-10.562M $-1.256M $0 $1.266M $259.328K $-1.256M

Five-Year Company Overview

Income Statement

Income Statement ZNB’s recent income statement looks like that of a very early‑stage or transition‑stage company: almost no revenue for the last two years and recurring operating and net losses. The losses have been shrinking over time, which suggests some cost discipline, but the core issue is that the new Bitcoin‑centric strategy has not yet translated into meaningful reported sales. The extremely volatile earnings‑per‑share figures are largely an accounting artifact of a tiny equity base and share structure changes rather than a sign of large underlying profit swings. Overall, the historical income data describe a pre‑scale business still looking for a stable, monetizable model.

Balance Sheet

Balance Sheet The balance sheet is very small, with modest assets and equity and no reported financial debt, which means low leverage but also limited internal resources to fund growth. Reported cash balances are effectively negligible, implying strong dependence on external funding, partners, or asset revaluations rather than a large cash cushion. The figures conflict with the narrative of a sizeable Bitcoin‑backed investment, which likely occurred after these historical numbers or is not fully reflected here, so the true economic position could be very different from what the last few years’ balance sheets show. In short, the company appears thinly capitalized on paper and highly sensitive to new capital inflows and asset value changes.

Cash Flow

Cash Flow Cash flow from operations has generally been negative, indicating that the existing activities do not yet pay for themselves. Free cash flow has also been negative in most years, reflecting both operating losses and earlier spending on growth and investment, followed by a recent pullback in capital outlays. That pattern is typical of a company pivoting its business model while trying to conserve resources. Until the new Bitcoin‑focused operations begin generating steady inflows, cash dynamics are likely to remain fragile and dependent on external funding or asset monetization.

Competitive Edge

Competitive Edge ZNB is trying to build a niche at the intersection of traditional markets and the Bitcoin ecosystem, using its Nasdaq listing, mining operations, and partnership with SOLV Foundation as key pillars. The idea is to offer institutional‑style Bitcoin services—such as structured products and liquidity solutions—within a regulated public‑company wrapper, which is still relatively uncommon. At the same time, it faces intense competition from both pure‑play crypto firms and large, well‑financed financial institutions that are moving into digital assets, all under an unpredictable regulatory backdrop. Legacy entertainment and construction activities do not appear to add much to the new strategic moat, leaving the company’s competitive strength highly dependent on successful execution of the Bitcoin pivot.

Innovation and R&D

Innovation and R&D Rather than traditional lab‑style R&D, ZNB’s innovation is strategic and financial: building an integrated Bitcoin platform that spans mining, treasury management, and DeFi‑style products through partners like SOLV. The use of tokenized Bitcoin, liquid staking, and structured products is relatively advanced within the crypto finance space and, if executed well, could differentiate its offer. The legacy metaverse and entertainment technology assets could, in theory, be recombined with blockchain initiatives, but their current role is unclear. Overall, the company is experimenting at the frontier of Bitcoin finance, with high potential upside but equally high execution, technology, and regulatory risks.

Summary

Putting it together, the historical financials show a very small, loss‑making business that has not yet proven an ability to generate durable revenue or cash flow. The balance sheet is light and appears out of sync with the scale suggested by recent Bitcoin‑related announcements, which introduces uncertainty and makes fresh disclosures crucial for understanding real economic exposure. Strategically, ZNB is attempting a bold repositioning into Bitcoin‑centric institutional finance, combining mining, treasury activities, and DeFi partnerships into a single story. This could create a distinctive platform if the company can scale, manage risk, and navigate regulation, but from the numbers provided it is still firmly in the early, high‑uncertainty phase of that transformation.

NEWS

October 15, 2025 · 7:00 AM UTC

ZETA NETWORK GROUP (NASDAQ: ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

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October 10, 2025 · 7:00 AM UTC

Zeta Network Strengthens Institutional Finance Strategy with Appointment of Patrick Ngan as Chief Investment Officer

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October 9, 2025 · 9:30 PM UTC

Univest Securities, LLC Announces Closing of $15 Million Registered Direct Offering for its Client Zeta Network Group (NASDAQ: ZNB)

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October 7, 2025 · 7:00 AM UTC

Zeta Network Group Enters Strategic Partnership with SOLV Foundation to Advance Bitcoin-Centric Finance

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