JZXN Nasdaq Retail-Auto Dealers & Gasoline Stations Financials FY2019βFY2025
Jiuzi Holdings, Inc. had $2.9M of revenue in fiscal 2025, up 105.9% on the year before. Over five years, revenue changed β18.9% a year on average.
Hi! I read Jiuzi Holdings, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+105.9%
Yes. Sales grew 105.9% last year.
Does it make a profit?
β353.5%
No. It lost money last year.
Does profit turn into cash?
β37.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Jiuzi Holdings, Inc. had $2.9M of revenue in fiscal 2025, up 105.9% on the year before. Over five years, revenue changed β18.9% a year on average. Its operating margin was β347.5%, up 3,628.5Β pts: of every 100 in sales, about β348 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· Jiuzi Holdings, Inc. lost $10.2M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$1.1M in fiscal 2025, β37.4% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Jiuzi Holdings, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $8.5M | $2.8M | $0.7M | $0.9M | $4.6M |
| Debt incl. finance leases | $1.9M | $2.1M | $2.1M | β | β |
| Net debt / EBITDA | β5.5x | β | β | β | β |
| Debt / equity | 0.1x | 0.3x | 0.5x | β | β |
| Interest coverage | β | β2.4x | β14.3x | β518.8x | β93.4x |
| Current ratio | 5.5x | 1.5x | 1.6x | 4.8x | 5.8x |
| Quick ratio | 5.5x | 1.4x | 1.4x | 4.8x | 5.8x |
| Total assets | $28.2M | $15.3M | $11.4M | $10.6M | $17.2M |
| Total liabilities | $5.8M | $9.2M | $7.1M | $2.2M | $3.1M |
| Shareholders' equity | $22.1M | $5.9M | $4.2M | $8.4M | $14.1M |
| Net debt (β = net cash) | β$6.5M | β$0.7M | $1.4M | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Jiuzi Holdings, Inc. passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 4 / 9 | 3 / 9 | 6 / 9 | 2 / 8 | 4 / 8 |
| Accruals ratio | β | 24.4% | 27.9% | β36.6% | β29.3% | β77.4% | β66.0% |
| Altman Z'' | β | 8.10 | 9.35 | β1.04 | β5.19 | β49.90 | β10.67 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $8.0M | $8.2M | $9.3M | $5.9M | $5.9M | $1.4M | $2.9M |
| Provision for credit losses | β | β$0.5M | β$0.8M | β$7.3M | β$11.6M | β | β |
| Gross profit | $4.9M | $6.0M | $4.4M | β$0.4M | $1.3M | $0.1M | $0.0M |
| Operating income | $3.7M | $4.4M | $1.1M | β$3.2M | β$4.5M | β$55.7M | β$10.0M |
| Interest expense | $0.0M | $0.0M | $0.0M | $1.3M | $0.3M | $0.1M | $0.1M |
| Pretax income | β | β | $1.1M | β$4.5M | β$4.8M | β$55.8M | β$10.2M |
| Income tax | β | β | $0.5M | β$0.0M | $0.1M | β | β |
| Net income | $3.2M | $3.4M | $0.8M | β$16.8M | β$9.4M | β$59.1M | β$10.2M |
| Net income to common | $3.2M | $3.4M | $0.8M | β$16.8M | β | β | β |
| Diluted EPS | $0.22 | $0.23 | $0.83 | β$160.47 | β$1,200.89 | β$264.18 | β$29.38 |
| Diluted shares | 0.02B | 0.02B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | |||||||
| Cash from operations | β$1.1M | $0.5M | β$4.8M | β$8.9M | β$5.5M | β$50.6M | β$1.0M |
| Capital expenditure | $0.0M | $0.0M | $0.3M | $0.0M | β | β | $0.1M |
| Free cash flow | β$1.1M | $0.5M | β$5.1M | β$8.9M | β | β | β$1.1M |
| Depreciation and amortization | $0.0M | $0.0M | $0.1M | $0.2M | $0.1M | β | $0.1M |
| Stock-based compensation | β | β | β | $0.1M | $1.7M | $12.4M | β |
| Balance sheet | |||||||
| Cash and short-term investments | β | $0.8M | $8.5M | $2.8M | $0.7M | $0.9M | $4.6M |
| Total debt | β | $1.2M | $1.9M | $2.1M | $2.1M | β | β |
| Loans, net | β | $5.3M | $4.1M | $1.6M | β | β | β |
| Current assets | β | $6.5M | $22.2M | $12.2M | $10.5M | $10.6M | $16.6M |
| Current liabilities | β | $3.7M | $4.0M | $8.3M | $6.7M | $2.2M | $2.9M |
| Inventory | β | $0.2M | $0.3M | $0.6M | $0.8M | β | β |
| Property and equipment, net | β | $0.1M | $0.4M | $0.6M | $0.3M | β | $0.1M |
| Intangible assets | β | $0.0M | $0.0M | $0.0M | $0.0M | β | β |
| Total assets | β | $11.9M | $28.2M | $15.3M | $11.4M | $10.6M | $17.2M |
| Total liabilities | β | $3.7M | $5.8M | $9.2M | $7.1M | $2.2M | $3.1M |
| Shareholders' equity | $4.7M | $7.8M | $22.1M | $5.9M | $4.2M | $8.4M | $14.1M |
| Margins | |||||||
| Gross margin | 60.9% | 73.3% | 47.7% | β6.6% | 22.6% | 5.1% | 0.7% |
| Operating margin | 46.6% | 53.2% | 12.1% | β54.0% | β75.3% | β3,976.0% | β347.5% |
| EBITDA margin | 46.7% | 53.5% | 12.7% | β50.5% | β74.0% | β | β345.4% |
| Net margin | 40.2% | 41.7% | 8.4% | β284.2% | β158.3% | β4,223.5% | β353.5% |
| FCF margin | β13.7% | 5.9% | β55.1% | β150.1% | β | β | β37.4% |
| Returns | |||||||
| Return on capital | β | 42.1% | 4.7% | β48.4% | β63.1% | β | β |
| Return on capital employed | β | 53.2% | 4.7% | β45.8% | β95.8% | β661.3% | β69.9% |
| Return on equity | 68.9% | 55.0% | 5.2% | β120.2% | β184.6% | β935.1% | β90.7% |
| Return on assets | β | 28.8% | 3.9% | β77.4% | β70.3% | β537.4% | β73.3% |
| Return on tangible equity | 68.9% | 44.0% | 3.5% | β283.8% | β222.6% | β702.5% | β72.5% |
| Growth | |||||||
| Revenue growth | β | 2.9% | 13.1% | β36.2% | 0.1% | β76.4% | 105.9% |
| Net income growth | β | 6.8% | β77.3% | β2,263.5% | β | β | β |
| EPS growth | β | 4.5% | 260.9% | β19,433.7% | β | β | β |
| FCF growth | β | β | β1,147.6% | β | β | β | β |
| Share count change | β | 0.0% | β93.5% | β89.3% | β92.6% | 2,769.2% | 55.0% |
| Financial health | |||||||
| Net debt / EBITDA | β | 0.1x | β5.5x | β | β | β | β |
| Debt / equity | β | 0.1x | 0.1x | 0.3x | 0.5x | β | β |
| Interest coverage | 2,066.6x | 1,120.7x | β | β2.4x | β14.3x | β518.8x | β93.4x |
| Current ratio | β | 1.8x | 5.5x | 1.5x | 1.6x | 4.8x | 5.8x |
| Quick ratio | β | 1.7x | 5.5x | 1.4x | 1.4x | 4.8x | 5.8x |
| Provision / loans | β | β9.4% | β20.1% | β448.1% | β | β | β |
| Capital allocation | |||||||
| Capex / revenue | 0.1% | 0.3% | 3.3% | 0.3% | β | β | 2.3% |
| Stock comp / revenue | β | β | β | 1.0% | 29.0% | 882.5% | β |
| Quality scores | |||||||
| Piotroski F-score | β | β | 4.0 | 3.0 | 6.0 | 2.0 | 4.0 |
| Altman Z'' | β | 8.1 | 9.4 | β1.0 | β5.2 | β49.9 | β10.7 |
| Accruals ratio | β | 24.4% | 27.9% | β36.6% | β29.3% | β77.4% | β66.0% |
Source: SEC EDGAR XBRL filings (CIK 0001816172). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
