Security
Zhongchao Inc. Class A Ordinary Shares · ZCMD
ZCMDNASDAQCommon stockCurrentCIK 1785566Updated Nov 2, 2026
ZCMD price & chart
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NASDAQ:ZCMD on TradingView ↗About the company
Zhongchao Shanghai is a platform-based internet technology company and together with its subsidiaries, are offering services to patients with oncology and other major diseases in China. The PRC operating entities address the patient’s needs along their journey of symptoms occurrence, medical consultations, medication prescriptions, medication management, and treatment consultations. The PRC operating entities provide their pharmaceutical enterprises and not-for-profit organization customers services including online healthcare information, professional training and educational services to healthcare professionals, patient management services in the professional field of tumor and rare diseases, internet healthcare services and pharmaceutical services. The PRC operating entities also provide healthcare educational content to the public via their “Sunshine Health Forums,” which is a platform in China for general healthcare knowledge and information to the public. The PRC operating entities also engaged in sales of patent drugs in China.
In the news
Zhongchao Inc. Announces 1-for-3 Share Consolidation ↗
Seeking Alpha
Zhongchao announces 1-for-2 share consolidation ↗
Zhongchao announces 1-for-3 share consolidation ↗
Zhongchao announces 1-for-31 share consolidation ↗
SEC disclosures
Zhongchao Inc. files prospectus supplement (424B5) ↗
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | Q2 2021 | Q2 2020 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| AssetsUSD | 26,306,989Source | 24,033,166Source | 30,526,123Source | 38,651,573Source | 36,753,455Source | — | 24,146,846Source | 25,884,953Source | 24,416,643Source | 38,614,345Source |
| Property, Plant and Equipment, NetUSD | 5,879,379Source | 5,073,142Source | 2,390,737Source | 3,597,987Source | 2,811,331Source | — | 5,877,224Source | 5,867,154Source | 3,222,252Source | 3,890,947Source |
| GoodwillUSD | — | — | 5,485,862Source | — | — | — | — | — | — | 5,767,504Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 10,045Source | 14,683Source | 711,487Source | 26,129Source | 32,625Source | — | 7,614Source | 12,177Source | 17,539Source | 912,054Source |
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 8,912,022Source | 6,279,809Source | 11,286,821Source | 11,481,357Source | 12,664,392Source | 16,713,052Source | 8,098,075Source | 7,841,306Source | 7,548,694Source | 11,520,453Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,470,948Source | 2,762,302Source | 3,364,768Source | 9,682,387Source | 10,422,980Source | — | 2,782,693Source | 4,682,320Source | 2,552,738Source | 6,772,988Source |
| Inventory, NetUSD | — | 300,639Source | 513,457Source | — | — | — | — | 586,221Source | 592,382Source | 189,106Source |
| Assets, CurrentUSD | 19,117,935Source | 16,706,217Source | 18,554,101Source | 28,102,004Source | 29,163,833Source | — | 16,962,126Source | 18,707,217Source | 18,711,046Source | 22,704,160Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | — | 1,048Source | — | — | — | — | — | — | 115,989Source |
| Operating Lease, Right-of-Use AssetUSD | 38,812Source | 702,640Source | 1,373,612Source | 1,766,401Source | 158,656Source | — | 25,053Source | 89,020Source | 796,653Source | 1,666,777Source |
| LIABILITIES AND EQUITY | ||||||||||
| LiabilitiesUSD | 2,558,665Source | 3,313,550Source | 3,353,750Source | 5,384,021Source | 3,634,576Source | — | 1,548,890Source | 1,733,900Source | 3,378,473Source | 5,595,080Source |
| Stockholders’ equity: | ||||||||||
| Common Stock, Value, IssuedUSD | — | — | 2,054Source | 2,052Source | 1,944Source | — | — | — | — | 2,054Source |
| Additional Paid in CapitalUSD | — | 25,160,161Source | 25,060,797Source | 24,923,046Source | 22,864,656Source | — | — | — | 25,133,933Source | 24,998,388Source |
| Retained Earnings (Accumulated Deficit)USD | -8,896,690Source | -7,115,360Source | -597,553Source | 7,274,435Source | 8,341,337Source | — | -14,190,570Source | -7,959,276Source | -7,268,025Source | 4,124,037Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,333,134Source | -1,689,922Source | -1,492,919Source | -131,585Source | 1,108,890Source | — | -1,308,864Source | -1,706,460Source | -1,232,901Source | -511,824Source |
| Stockholders' Equity Attributable to ParentUSD | 20,268,203Source | 17,666,086Source | 24,287,946Source | 33,267,552Source | 33,118,879Source | 27,259,834Source | 18,630,686Source | 20,837,907Source | 18,006,781Source | 29,928,222Source |
| Additional Paid in Capital, Common StockUSD | 29,081,287Source | — | — | — | — | — | 34,475,566Source | 29,059,063Source | — | — |
| Liabilities and EquityUSD | 26,306,989Source | 24,033,166Source | 30,526,123Source | 38,651,573Source | 36,753,455Source | — | 24,146,846Source | 25,884,953Source | 24,416,643Source | 38,614,345Source |
| Current liabilities: | ||||||||||
| Liabilities, CurrentUSD | 2,344,592Source | 2,763,478Source | 1,740,942Source | 3,938,553Source | 3,621,812Source | — | 1,526,630Source | 1,530,430Source | 2,678,361Source | 4,165,035Source |
| Operating Lease, Liability, CurrentUSD | 27,588Source | 215,544Source | 386,133Source | 405,431Source | 130,949Source | — | 26,083Source | 33,685Source | 236,294Source | 480,633Source |
| Accounts Payable, CurrentUSD | 946,061Source | 1,225,720Source | 6,475Source | 23,968Source | 469,244Source | — | 526,098Source | 535,073Source | 683,937Source | 140,834Source |
| Operating Lease, Liability, NoncurrentUSD | — | 518,803Source | 1,056,764Source | 1,445,468Source | 12,764Source | — | — | 23,832Source | 571,862Source | 1,221,845Source |
| Deferred Income Tax Liabilities, NetUSD | 214,073Source | 31,269Source | 556,044Source | — | — | — | 22,260Source | 179,638Source | 128,250Source | 208,200Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3,480,121Source | 3,053,530Source | 2,884,427Source | — | — | — | 3,967,270Source | 3,313,146Source | 3,031,389Source | 3,091,043Source |
| Additional Financial Items | ||||||||||
| Deferred Compensation EquityUSD | — | — | — | — | — | — | 1,716,667Source | — | — | — |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | 22,260Source | 179,638Source | 128,250Source | 208,200Source |
| Short-term InvestmentsUSD | 6,121,512Source | 5,941,249Source | 936,098Source | 524,396Source | 2,934,208Source | — | 5,824,557Source | 5,242,441Source | 5,897,809Source | 518,416Source |
| Other Assets, Noncurrent | — | — | — | —Source | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | Q2 2021 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | -5,814,867Source | -273,413Source | -11,307,239Source | -2,822,319Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | 290,183Source | 231,111Source | 518,493Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | 3,705,336Source | 109,714Source | 135,547Source | — |
| Changes in operating assets and liabilities: | |||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | -1,173,881Source | 2,316,625Source | -2,789,772Source | -1,076,292Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | -595,340Source | 10,166Source | 409,771Source | 193,833Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | -31,528Source | -132,054Source | 548,591Source | 103,825Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | -82,490Source | 287,651Source | -739,227Source | -134,125Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | 845,391Source | -1,473,243Source | 54,229Source | -661,740Source |
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | 233,267Source | 160,940Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | -826,599Source | -1,807,753Source | -3,754,655Source | -3,346,658Source |
| Cash flows from financing activities: | |||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 3,838,200Source | — | 1,850,744Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | 256,769Source | 292,612Source | -3,971,759Source | -2,394,529Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 8,912,022Source | 6,279,809Source | 11,286,821Source | 11,481,357Source | 12,664,392Source | 8,098,075Source | 7,841,306Source | 7,548,694Source | 11,520,453Source |
| Supplemental disclosure of cash flow information: | |||||||||
| Income Taxes Paid, NetUSD | — | — | — | — | — | 126,589Source | 45,944Source | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | 237,977Source | -264,592Source | — | — |
| Additional Financial Items | |||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | 3,705,336Source | 109,714Source | — | 160,777Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | 4,958Source | 4,953Source | 335,538Source | 119,218Source |
| DepreciationUSD | — | — | — | — | — | 285,225Source | 226,158Source | 172,394Source | 241,842Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | — | — | — | — | -1,719,442Source | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | -863Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | -24,531Source | -863Source | -1,688,078Source | 96,921Source |
| General and Administrative ExpenseUSD | — | — | — | — | — | 9,814,087Source | 4,989,784Source | 6,697,309Source | 6,799,634Source |
| GoodwillUSD | — | — | 5,485,862Source | — | — | — | — | — | 5,767,504Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | 5,617,865Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | 536,206Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | 4,008,767Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | — | — | — | -24,502Source | -229Source | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | 46,182Source | 335,169Source | -669,760Source | 272,313Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | — | — | -6,310,153Source | -643,229Source | -11,335,911Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | — | — | 495,286Source | 369,816Source | 28,672Source | 118,572Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | — | -2,940,891Source |
| Operating ExpensesUSD | — | — | — | — | — | 11,312,766Source | 9,253,480Source | 21,795,990Source | 9,311,126Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | 99,824Source | 218,227Source | 412,891Source | — |
| Other Nonoperating Income (Expense)USD | — | — | — | — | — | 79,412Source | 160,015Source | 1,069,745Source | 262,442Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 3,838,200Source | — | — |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | 8,078Source | 108,949Source | 654,980Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | — | — | -7,040Source | 29,298Source | 81,265Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 11,374,996Source | 15,864,773Source | 19,433,945Source | 14,151,516Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source |
| Operating Income (Loss)USD | -6,191,225Source | -341,267Source | -13,283,798Source | -2,954,462Source |
| Other Nonoperating Income (Expense)USD | 79,412Source | 160,015Source | 1,069,745Source | 262,442Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -5,768,685Source | 61,756Source | -11,976,999Source | -2,550,006Source |
| Income Tax Expense (Benefit)USD | 46,182Source | 335,169Source | -669,760Source | 272,313Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 495,286Source | 369,816Source | 28,672Source | 118,572Source |
| Net Income (Loss) Attributable to ParentUSD | -6,310,153Source | -643,229Source | -11,335,911Source | — |
| Earnings Per Share, BasicUSD per share | -1.85Source | -0.12Source | -4.35Source | -0.11Source |
| Earnings Per Share, DilutedUSD per share | -1.85Source | -0.12Source | -4.35Source | -0.11Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 3,418,290Source | 5,205,425Source | 2,603,354Source | 25,997,757Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 3,418,290Source | 5,205,425Source | 2,603,354Source | 25,997,757Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 4,958Source | 4,953Source | 335,538Source | 119,218Source |
| Business Combination, Acquisition Related CostsUSD | — | — | — | 1,000,406Source |
| Current Income Tax Expense (Benefit)USD | -128,672Source | 47,518Source | 69,467Source | -138,188Source |
| General and Administrative ExpenseUSD | 9,814,087Source | 4,989,784Source | 6,697,309Source | 6,799,634Source |
| Goodwill, Impairment LossUSD | — | — | 5,617,865Source | — |
| Gross ProfitUSD | 5,121,541Source | 8,912,213Source | 8,512,192Source | 6,356,664Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | 3,233,722Source | -11,527,235Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 4,008,767Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -24,502Source | -229Source | — |
| Interest Income (Expense), NetUSD | 343,128Source | 243,008Source | 237,054Source | 142,014Source |
| Interest Income, OtherUSD | 246,611Source | 205,802Source | 186,793Source | — |
| Investment Income, NetUSD | — | — | — | 1,179,300Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -2,940,891Source |
| Operating ExpensesUSD | 11,312,766Source | 9,253,480Source | 21,795,990Source | 9,311,126Source |
| Operating Lease, ExpenseUSD | 99,824Source | 218,227Source | 412,891Source | — |
| Other General and Administrative ExpenseUSD | — | — | — | 99,170Source |
| Realized Investment Gains (Losses)USD | 8,078Source | 108,949Source | 654,980Source | — |
| Research and Development ExpenseUSD | 8,085Source | 252,451Source | 514,411Source | 411,524Source |
| Selling and Marketing ExpenseUSD | 1,490,594Source | 4,010,382Source | 6,710,757Source | 2,099,968Source |
Offerings
Registration 333-295628
- Gross proceeds
- 10000000.0
- Net proceeds
- 9300000.0
- Deal price
- 0.54
- Shares
- 18518519
- Offering price
- $0.54
- Ticker
- ZCMD
Filing attachments
ea030618801ex99-1.htm · 6-K · 2026-10-30
Exhibit 99.1 ZHONGCHAO INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Expressed in U.S. dollar, except for the number of shares) June 30, December 31, …
Read attachment ↗ea030618801ex99-2.htm · 6-K · 2026-10-30
Exhibit 99.2 OPERATING AND FINANCIAL REVIEW AND PROSPECTS This Report on Form 6-K furnished by Zhongchao Inc. (together with our subsidiaries, unless the context indicates otherwise, “we,” “us,” “our,” or the “Company”), contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events or the Company’s future financial performance. The …
Read attachment ↗ea030508301ex99-1.htm · 6-K · 2026-09-11
Exhibit 99.1 ZHONGCHAO INC. (an exempted company with limited liability incorporated and registered in the Cayman Islands) (NASDAQ: ZCMD) NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting of shareholders (the “Meeting”) of Zhongchao Inc. (the “Company”) will be held on September 18, 2026, at 9:00 a.m., Eastern Time, at the offices of Robinson & Cole LLP located at 666 Third Avenue, 20th Floor, New York, NY 10017, for the purp…
Read attachment ↗ea029914101ex4-1.htm · 6-K · 2026-07-28
Exhibit 4.1 PRE-FUNDED ORDINARY SHARE PURCHASE WARRANT Zhongchao Inc. Warrant Shares: [ ] Class A Ordinary Shares Initial Exercise Date: _______, 2026 THIS PRE-FUNDED CLASS A ORDINARY SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, [ ] or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and until thi…
Read attachment ↗ea029384301ex99-1.htm · 6-K · 2026-06-09
Exhibit 99.1 ZHONGCHAO INC. (an exempted company with limited liability incorporated and registered in the Cayman Islands) (NASDAQ: ZCMD) NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting of shareholders (the “Meeting”) of Zhongchao Inc. (the “Company”) will be held on June 18, 2026, at 9:00 a.m., Eastern Time, at the offices of Robinson & Cole LLP located at 666 Third Avenue, 20th Floor, New York, NY 10017, for the purposes …
Read attachment ↗ea029403301ex99-1.htm · 6-K · 2026-06-09
Exhibit 99.1 Zhongchao Inc. Announces 1-for-31 Share Consolidation SHANGHAI, June 4, 2026 /PRNewswire/ -- Zhongchao Inc. (NASDAQ: ZCMD) (“Zhongchao” or the “Company”), a platform-based internet technology company offering services for patients with cancer and other major diseases, today announced that the Company will effectuate a 1-for-31 share consolidation of the Company’s ordinary shares of US$0.008 par value each (the “Share Consolidation”). Beginning with the opening of trading on June …
Read attachment ↗