Zhongchao Inc. (ZCMD) Revenue History
Annual and quarterly revenue from 2017 to present
ZCMD Revenue Over Time (2017–2025)
ZCMD Revenue Growth History
4 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +31.1%
- FY2019 revenue growth
- +15.7%
- FY2020 revenue growth
- +20.9%
- FY2021 revenue growth
- -9.4%
- FY2022 revenue growth
- -13.2%
- FY2023 revenue growth
- +37.3%
- FY2024 revenue growth
- -18.4%
- FY2025 revenue growth
- -28.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $5.8M | -23.2% |
| Q2 2025 | $5.6M | -32.9% |
| Q4 2024 | $7.5M | -17.0% |
| Q2 2024 | $8.3M | -19.5% |
| Q4 2023 | $9.1M | +32.1% |
| Q2 2023 | $10.4M | +42.2% |
| Q4 2022 | $6.9M | -10.7% |
| Q2 2022 | $7.3M | -15.3% |
Revenue Breakdown (FY 2025)
ZCMD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ZCMD Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 22, 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.
Historical Growth Trajectory
ZCMD's 5-year compound annual growth rate (CAGR) stands at -8.8%, indicating revenue contraction over this period. The 3-year CAGR of -7.0% exceeds the 5-year average, indicating an acceleration in the most recent period. Zhongchao Inc.'s highest annual revenue of $19.4 million was recorded in 2023.
Revenue by Segment
ZCMD's revenue is primarily driven by Service (94%), and Product (6%). With over half of revenue concentrated in Service, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including CNET (-75.3% YoY), BTBT, and DOCS (+13.1% YoY) — ZCMD has underperformed the peer group in 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 | $5M | -75.3% | -34.5% | -42.3% | |
 BTBT | $114M | - | - | -49.8% | |
 DOCS | $645M | +13.1% | +25.5% | 33.3% | |
 VEEV | $3.2B | +16.2% | +16.9% | 28.7% | |
 HIMS | $2.3B | +32.8% | +73.6% | 4.5% |
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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ZCMD — Frequently Asked Questions
Quick answers to the most common questions about buying ZCMD stock.
Is ZCMD's revenue growth accelerating or slowing?
ZCMD revenue is declining -23.2% year-over-year. TTM revenue fell to $27M, contrasting with the 5-year CAGR of -8.8%. The reversal reflects either macro headwinds or company-specific challenges.
What is ZCMD's revenue history from 2017 to 2026?
Zhongchao Inc. (ZCMD) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $27M, growing at -23.2% YoY. The 5-year CAGR is -8.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ZCMD's long-term revenue growth rate (CAGR)?
Zhongchao Inc.'s 5-year revenue CAGR of -8.8% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -23.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ZCMD.
Why does ZCMD's quarterly revenue fluctuate?
ZCMD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Zhongchao Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is ZCMD's revenue distributed by segment?
ZCMD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ZCMD's revenue compare to industry peers?
Zhongchao Inc. (ZCMD) with TTM revenue of $27M and -23.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.