Company research
Z Squared Inc.
CIK 1759186Updated Sep 24, 2026
SecurityZSQR · NASDAQ · equity
Name history
Coeptis Therapeutics Holdings, Inc. · through Apr 28, 2026Bull Horn Holdings Corp. · through Oct 28, 2022
ZSQR price & chart
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NASDAQ:ZSQR on TradingView ↗About the company
Z Squared Inc. is a computing infrastructure company operating advanced computing equipment and expanding into AI infrastructure. The Company’s strategy is built on three principles: lead with power by acquiring operating sites where power is already flowing; build for AI workloads by converting that capacity into AI-ready colocation where the customer brings the compute and runs what they need; and scale with discipline by deploying conversion capital site by site, against signed contracts and operational readiness. Z Squared’s common stock began trading on the Nasdaq Global Market under the symbol “ZSQR” in April 2026.
In the news
Z Squared CEO to Shareholders: "The Scarcest Thing in AI is Not Chips. It is Power." ↗
Recent filings
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Unregistered Sales of Equity Securities · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD Disclosure
Items 1.01, 2.01, 3.02, 5.03, 7.01, 9.01
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 5.03, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
S-8 filing
4 filing
Show 5 more recent filings
10-Q filing
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Items 1.01, 1.02, 3.02, 7.01, 9.01
SCHEDULE 13G/A filing
POSASR filing
Termination of a Material Definitive Agreement · Regulation FD Disclosure
Items 1.02, 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 16,153,921Source | 8,908,660Source | 4,571,089Source | 7,915,689Source |
| Property, Plant and Equipment, NetUSD | 9,873Source | 10,460Source | 11,306Source | 12,542Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 361,250Source | — | — | — |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | 0Source | 8,075Source |
| Assets, CurrentUSD | 7,350,149Source | 1,051,292Source | 1,749,713Source | 3,941,733Source |
| Operating Lease, Right-of-Use AssetUSD | 18,399Source | 59,783Source | 97,571Source | 58,914Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,085,764Source | 5,041,434Source | 3,757,125Source | 3,462,360Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 2Source | — | 0Source |
| Common Stock, Value, IssuedUSD | 575Source | 212Source | 3,533Source | 1,957Source |
| Additional Paid in CapitalUSD | 127,201,691Source | 102,976,748Source | 91,666,691Source | 70,541,095Source |
| Retained Earnings (Accumulated Deficit)USD | -109,953,728Source | -98,233,673Source | -87,356,260Source | -66,089,723Source |
| Stockholders' Equity Attributable to ParentUSD | 13,561,994Source | 3,185,164Source | 813,964Source | 4,453,329Source |
| Liabilities and EquityUSD | 16,153,921Source | 8,908,660Source | 4,571,089Source | 7,915,689Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,768,139Source | 4,513,309Source | 2,988,696Source | 2,172,637Source |
| Operating Lease, Liability, CurrentUSD | 18,875Source | 42,305Source | 38,047Source | 41,618Source |
| Accounts Payable, CurrentUSD | 888,755Source | 1,269,763Source | 1,419,699Source | 99,021Source |
| Operating Lease, Liability, NoncurrentUSD | 0Source | 18,875Source | 61,179Source | 14,723Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 506,163Source | 682,062Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 41,054Source | 736,884Source | 555,950Source | 181,998Source |
| Deferred Revenue, CurrentUSD | 599,455Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 150,000Source | — | 150,000Source | 150,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -12,277,192Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,181,212Source | 1,000,845Source | 1,001,237Source | 1,001,384Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 1,104,978Source | 477,503Source | 0Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | 0Source | -8,075Source | 8,075Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | -35,071Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -8,603,036Source | -6,649,281Source | -7,239,514Source | -3,875,811Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 0Source | 0Source | 0Source | 0Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 13,744,453Source | 5,713,032Source | 4,917,346Source | 5,487,555Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 5,674,302Source | 532,885Source | 1,469,134Source | 3,791,302Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 8,772Source | 8,772Source | 0Source | 0Source |
| Income Taxes Paid, NetUSD | 0Source | 0Source | 0Source | 0Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,000,000Source | — | — | — |
| DepreciationUSD | 587Source | 845Source | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | 1,098,055Source | -341,660Source | 567,750Source | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | 0Source |
| Gain (Loss) on InvestmentsUSD | -163,500Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 159,035Source | -200,000Source | — | -3,393,542Source |
| General and Administrative ExpenseUSD | — | 945,641Source | 3,945,531Source | 34,166,746Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -9,813,602Source | — | — |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| InterestExpenseNonoperatingUSD | 96,744Source | 396,116Source | — | — |
| Marketable Securities, Unrealized Gain (Loss)USD | 76,596Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -11,917,015Source | -10,877,412Source | -21,266,537Source | -37,574,217Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -360,177Source | 1,063,811Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -10,877,412Source | — | — |
| Nonoperating Income (Expense)USD | 766,306Source | -822,924Source | 224,588Source | -3,378,253Source |
| Operating ExpensesUSD | 14,225,918Source | 10,054,488Source | 21,491,125Source | 34,195,964Source |
| Operating Lease, ExpenseUSD | 46,101Source | 45,440Source | 45,000Source | — |
| Other Nonoperating Income (Expense)USD | 7,004Source | 152,109Source | -220,477Source | — |
| Proceeds from Issuance of Common StockUSD | 4,558,455Source | 100,000Source | 500,000Source | 3,271,486Source |
| Unrealized Gain (Loss) on DerivativesUSD | 906,430Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,363,045Source | 0Source | 0Source | 0Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -13,043,498Source | -10,054,488Source | -21,491,125Source | -34,195,964Source |
| Other Nonoperating Income (Expense)USD | 7,004Source | 152,109Source | -220,477Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -12,277,192Source | -10,877,412Source | -21,266,537Source | -37,574,217Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -360,177Source | 1,063,811Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -11,917,015Source | -10,877,412Source | -21,266,537Source | -37,574,217Source |
| Earnings Per Share, BasicUSD per share | -2.81Source | -5.65Source | -0.83Source | -2.63Source |
| Earnings Per Share, DilutedUSD per share | -2.81Source | -5.65Source | -0.83Source | -2.63Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 4,234,787Source | 1,924,639Source | 25,689,989Source | 14,295,678Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 4,234,787Source | 1,924,639Source | 25,689,989Source | 14,295,678Source |
| Interest Expense (non-operating)USD | 96,744Source | 396,116Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,000,000Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | 1,000,000Source | 1,235Source | 1,384Source |
| Gain (Loss) on InvestmentsUSD | -163,500Source | — | — | — |
| General and Administrative ExpenseUSD | — | 945,641Source | 3,945,531Source | 34,166,746Source |
| Gross ProfitUSD | 1,182,420Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -9,813,602Source | — | — |
| Interest and Other IncomeUSD | 116,495Source | — | — | — |
| Interest ExpenseUSD | — | — | 107,685Source | 218,412Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -10,877,412Source | — | — |
| Nonoperating Income (Expense)USD | 766,306Source | -822,924Source | 224,588Source | -3,378,253Source |
| Operating ExpensesUSD | 14,225,918Source | 10,054,488Source | 21,491,125Source | 34,195,964Source |
| Operating Lease, ExpenseUSD | 46,101Source | 45,440Source | 45,000Source | — |
| Other General and Administrative ExpenseUSD | 1,148,004Source | — | — | — |
| Other IncomeUSD | — | — | — | 98,701Source |
| Research and Development ExpenseUSD | 1,277,150Source | 2,331,548Source | 6,668,244Source | 20,887Source |
| Selling and Marketing ExpenseUSD | 105,000Source | — | 12,710Source | 8,331Source |
Offerings
Registration 333-297070
Registration 333-296653
Filing attachments
zsqrex99-1.htm · 8-K · 2026-09-14
EX-99.1 6 zsqrex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Z Squared Acquires Energized Arkansas Campus to Advance AI Infrastructure Strategy Union County Campus has existing electric service of up to approximately 8.0 MW and a phased development target of an estimated 150+ MW FT. LAUDERDALE, Fla., Sept. 9, 2026 /PRNewswire/ -- Z Squared Inc. (Nasdaq: ZSQR) (“Z Squared” or the “Company”) today announced the closing of its acquisition of Paradox Data, LLC from Paradox Infrastructure LLC, bringing …
Read attachment ↗zsqrex99-1.htm · 8-K · 2026-08-04
EX-99.1 3 zsqrex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Z Squared Inc. Signs Definitive Agreement to Acquire 100% of Paradox Data and Its Union County Campus All preferred stock structure links up to $25 million in total consideration to execution at the Union County Campus, with $20 million earned only as the site achieves defined development milestones on the path targeting up to 150 MW of AI-ready capacity FT. LAUDERDALE, Fla., August 3, 2026 - Z Squared Inc. (Nasdaq: ZSQR) (“Z Squared” or …
Read attachment ↗zsqrex99-1.htm · 8-K · 2026-07-22
EX-99.1 2 zsqrex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Z Squared Inc. Terminates At-The-Market Sales Agreement and Committed Equity Forward Purchase Agreement Company Ends Both Equity Programs With Approximately Two Years of Estimated Operating Runway; Future Financing Considerations to Be Tied to Project Milestones FORT LAUDERDALE, Fla., July 17, 2026 /PRNewswire/ -- Z Squared Inc. (Nasdaq: ZSQR) (the “Company”) today announced that it has delivered written notice terminating both its at-the…
Read attachment ↗zsquaredex99-1.htm · 8-K · 2026-06-30
EX-99.1 3 zsquaredex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Z Squared Inc. Appoints Jeffrey Harris as Chief Technology Officer FT. LAUDERDALE - June 30, 2026 - Z Squared Inc. (Nasdaq: ZSQR) (the “Company”), a digital infrastructure company expanding into AI infrastructure, today announced the appointment of Jeffrey Harris as Chief Technology Officer. Harris is the founder and Chief Technology Officer of Paradox Data LLC, where he leads the design and deployment of high density, immersion coole…
Read attachment ↗zsquaredex99-1.htm · 8-K · 2026-06-29
EX-99.1 2 zsquaredex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Z Squared Raises Approximately $15.3 Million in Non-Debt Capital to Advance AI Infrastructure Strategy All-equity financing adds growth capital while the Company maintains virtually no corporate debt FORT LAUDERDALE, Fla. - June 29, 2026 - Z Squared Inc. (NASDAQ: ZSQR) (the “Company”), a digital infrastructure company expanding into AI infrastructure, today announced that it has raised approximately $15.3 million in capital through eq…
Read attachment ↗zsquaredex99-2.htm · 8-K · 2026-06-29
EX-99.2 3 zsquaredex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Russell Indexes Add Z Squared, Inc. to Russell 2000® and Russell 3000® FT. LAUDERDALE - June 29, 2026 - Z Squared, Inc. (Nasdaq: ZSQR) (the “Company”), a digital infrastructure company expanding into AI infrastructure, today confirmed its official inclusion in the Russell 3000® Index and the Russell 2000® Index, effective after the market closed on Friday, June 26, 2026, as part of the 2026 Russell indexes annual reconstitution by FTSE…
Read attachment ↗