Zhongchao Inc. (ZCMD) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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ZCMD Revenue Growth
Revenue Breakdown (FY 2025)
ZCMD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ZCMD Revenue Analysis (2017–2025)
As of May 8, 2026, Zhongchao Inc. (ZCMD) generated trailing twelve-month (TTM) revenue of $27.2 million, reflecting significant decline in growth of -23.2% year-over-year. The most recent quarter (Q4 2025) recorded $5.8 million in revenue, up 3.1% sequentially.
Looking at the longer-term picture, ZCMD's 5-year compound annual growth rate (CAGR) stands at -8.8%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $19.4 million in 2023.
Revenue diversification analysis shows ZCMD's business is primarily driven by Service (94%), and Product (6%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including CNET (-66.6% YoY), BTBT, and DOCS (+15.9% YoY), ZCMD has underperformed the peer group in terms of revenue growth. Compare ZCMD vs CNET →
ZCMD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZCMDCurrent | $27M | -23.2% | -8.8% | -54.4% | |
 CNET | $15M | -66.6% | -23.3% | -24.3% | |
 BTBT | $164M | - | - | 16.8% | |
 DOCS | $570M | +15.9% | +37.4% | 39.9% | |
 VEEV | $3.2B | +16.3% | +16.9% | 28.7% | |
 HIMS | $2.3B | +59.0% | +73.6% | 5.2% |
ZCMD Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.4M | -28.3% | $4.8M | 42.5% | $-6,191,225 | -54.4% |
| 2024 | $15.9M | -18.4% | $8.9M | 56.2% | $-341,267 | -2.2% |
| 2023 | $19.4M | +37.3% | $8.5M | 43.8% | $-13,283,798 | -68.4% |
| 2022 | $14.2M | -13.2% | $6.4M | 44.9% | $-2,954,462 | -20.9% |
| 2021 | $16.3M | -9.4% | $9.4M | 57.9% | $-320,741 | -2.0% |
| 2020 | $18.0M | +20.9% | $11.9M | 66.0% | $4.5M | 25.0% |
| 2019 | $14.9M | +15.7% | $10.2M | 68.7% | $3.6M | 24.5% |
| 2018 | $12.9M | +31.1% | $8.4M | 65.4% | $3.3M | 25.5% |
| 2017 | $9.8M | - | $5.8M | 59.6% | $1.0M | 10.7% |
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Start ComparisonZCMD — Frequently Asked Questions
Quick answers to the most common questions about buying ZCMD stock.
Is ZCMD's revenue growth accelerating or slowing?
ZCMD revenue declined -23.2% year-over-year, contrasting with the 5-year CAGR of -8.8%. TTM revenue fell to $27M. This reverses the prior growth trend.
What is ZCMD's long-term revenue growth rate?
Zhongchao Inc.'s 5-year revenue CAGR of -8.8% reflects the variable expansion pattern. Current YoY growth of -23.2% is below this long-term average.
How is ZCMD's revenue distributed by segment?
ZCMD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.