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ZNBZeta Network Group
$0.64$363784
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HomeStocksZNBBalance Sheet

Zeta Network Group (ZNB) Balance Sheet

19Y historyFree accessUpdated daily

The balance sheet reflects severe long-term value erosion, with an accumulated deficit reaching $352.3M by 2026Q2 and a reliance on $12.7M in total debt to sustain operations.

ZNB Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMJun'25Jun'24Jun'23Jun'22Jun'21Jun'20Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10Jun'09Jun'08Dec'06
Total Current Assets177.95M3.73M10.47M16.05M27.87M7.64M3.16M52.51M50.65M76.73M90.72M115.83M136.9M123.47M137.25M108.35M45.83M25.3M16.24M0
Cash & Short-Term Investments1.67M1.06M20.22K239.47K872.31K174.19K988.7K319.51K1.1M4.43M5.1M19.16M43.56M15.61M8.95M14.76M3.36M4.16M2.89M0
Cash Only1.67M1.06M20.22K239.47K872.31K174.19K988.7K319.51K1.1M4.43M5.1M13.75M28.84M10.44M8.95M2.54M3.36M453.19K913.09K0
Short-Term Investments000000000005.4M14.72M5.17M012.22M0000
Accounts Receivable1.28M2.67M1.6M5.5M9.33M3.2M1M2.3K44.79M47.78M47.38M41.44M53.49M74.93M111.28M87.02M37.49M15.67M9.87M0
Days Sales Outstanding30.91111.56206.97-206.09172.2--357.47387.16322.18272.66400.97367.15279.83230.31147.07144.03130.71-
Inventory00000000427.19K626.74K38.23M53.4M1.56M1.12M2.04M1.47M2.16M1.22M237.84K0
Days Inventory Outstanding--------45.2268.67384.0312.946.746.44.7910.7218.14.17-
Other Current Assets174.99M00000052.16M0001.84M2.59M3.99M3.29M004.26M3.24M0
Total Non-Current Assets17.67M32.09M17.12M14M25.6M73.43M3.96M1.66M2.75M3.64M4.71M12.34M15.73M22.3M26.96M36.49M39.65M32.23M23.28M2.57K
Property, Plant & Equipment17.67M32.09M112.45K17.03K30.23K9.16M3.96M02.75M3.64M4.71M11.84M15.73M18.37M25.24M33.79M34.87M22.09M16.73M2.57K
Fixed Asset Turnover2.20x0.27x25.17x-546.48x0.74x--16.64x12.36x11.40x4.69x3.09x4.05x5.75x4.08x2.67x1.80x1.65x22.52x
Goodwill00000000000000000000
Intangible Assets0017.01M13.97M25.57M64.27M00000000000000
Long-Term Investments00000000000003.71M00364.37K000
Other Non-Current Assets00012.06K0001.66M000498.6K001.14M2.7M4.29M10.14M6.55M0
Total Assets195.62M35.82M27.59M30.04M53.46M81.08M7.12M54.17M53.4M80.38M95.43M128.16M152.63M145.77M164.21M144.84M85.48M57.53M39.52M2.57K
Asset Turnover0.42x0.24x0.10x-0.31x0.08x--0.86x0.56x0.56x0.43x0.32x0.51x0.88x0.95x1.09x0.69x0.70x22.52x
Asset Growth %1155.68%29.83%-8.16%-43.81%-34.06%1038.8%-86.86%1.43%-33.56%-15.77%-25.54%-16.03%4.7%-11.23%13.38%69.43%48.59%45.59%1537451.83%-
Total Current Liabilities8.41M12.5M9.06M5.33M5.02M4.12M528.83K53.64M43.7M70.5M74.3M88.46M111.05M85.52M85.21M61.13M21.51M20.04M13.08M7.5K
Accounts Payable003.27M3.27M3.77M00010.34M29.08M31.23M23.4M32.5M33.73M57.17M41.32M16.47M10.72M6.29M0
Days Payables Outstanding20.41-598.92203.84161.04---96.72241.5219.49168.29269.2202.61179.04134.3481.58159.63110.44-
Short-Term Debt5.11M4.01M875K0000308.09K26.06M31.71M34.62M58.38M72.06M46.22M19.81M15.47M04.51M4.27M0
Deferred Revenue (Current)000003.6M00000000000000
Other Current Liabilities3.26M0940.2K00527.85K528.83K53.26M7.12M9.6M8.36M6.68M6.33M5.49M7.19M3.64M3.5M4.8M2.52M0
Current Ratio21.17x0.30x1.16x3.01x5.55x1.85x5.98x0.98x1.16x1.09x1.22x1.31x1.23x1.44x1.61x1.77x2.13x1.26x1.24x-
Quick Ratio21.17x0.30x1.16x3.01x5.55x1.85x5.98x0.98x1.15x1.08x0.71x0.71x1.22x1.43x1.59x1.75x2.03x1.20x1.22x-
Cash Conversion Cycle10.5-------264.75150.86371.37488.4144.71171.29107.19100.7676.212.524.44-
Total Non-Current Liabilities7.58M08.58K0000000001.18M3.56M0618.66K2.79M05.83M0
Long-Term Debt7.58M000000000000000005.83M0
Capital Lease Obligations008.58K0000000001.18M3.56M000000
Deferred Tax Liabilities00000000000000000000
Other Non-Current Liabilities000000000000000618.66K2.79M000
Total Liabilities15.99M12.5M9.07M5.33M5.02M4.12M528.83K53.64M43.7M70.5M74.3M88.46M112.23M89.08M85.21M61.75M24.3M20.04M18.91M7.5K
Total Debt12.69M4.22M1.08M0000308.09K26.06M31.71M34.62M58.38M73.23M49.78M19.81M15.47M04.51M10.1M0
Net Debt11.02M3.16M1.06M-239.47K-872.31K-174.19K-988.7K-11.43K24.96M27.28M29.51M44.62M44.39M39.34M10.87M12.93M-3.36M4.06M9.19M0
Debt / Equity0.07x0.18x0.06x----0.59x2.69x3.21x1.64x1.47x1.81x0.88x0.25x0.19x-0.12x0.49x-
Debt / EBITDA-0.85x--------------1.20x-0.28x1.68x-
Net Debt / EBITDA-0.73x--------------1.00x-0.20x0.26x1.53x-
Interest Coverage-0.69x-1.95x-297.10x-6032.74x-10976.98x--1024.32x-4507.81x-2.45x-6.11x-5.67x-2.73x-5.97x-9.00x-6.12x12.84x583.06x16.79x13.10x-
Total Equity179.63M23.32M18.53M24.72M48.44M76.95M6.59M520.8K9.7M9.88M21.13M39.7M40.4M56.69M79M83.09M61.18M37.49M20.6M-4.93K
Equity Growth %2915.37%25.89%-25.05%-48.98%-37.05%1067.6%1165.46%-94.63%-1.79%-53.24%-46.78%-1.74%-28.73%-28.24%-4.92%35.8%63.18%82%417958.34%-
Book Value per Share315.036057.6988639.92386194.30999999.00999999.00--------------
Total Shareholders' Equity179.63M23.32M18.53M24.72M48.44M76.95M6.59M520.8K9.7M9.88M21.13M39.7M40.4M56.69M79M83.09M61.18M37.49M20.6M-4.93K
Common Stock3.78K2.74K52647.64K192.79K110.36K25.62K7.17K5.49K2.39K2.18K2.18K1.49K1.49K17.83K17.8K17.47K10.6K10.53K0
Retained Earnings-352.34M-255.09M-212.08M-185.22M-147.37M-70.16M-61.92M-64.03M-49.64M-42.24M-31.2M-15.4M-11.23M5.41M29.01M35.24M19.91M12.78M3.07M-14.07K
Treasury Stock00000000000000000000
Accumulated OCI-800000-682.38K-1.2M10.31M10.98M20.67M13.96M16.72M16.4M16.04M14.82M12.85M7.53M2.77M1.43M0
Minority Interest00000000000000000000

Key Metrics

Growth RegimeMixed
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Imminent liquidity and solvency

Erosion of Equity and Solvency

As reported in financial statements, ZNB's accumulated deficit has ballooned to $352.3M by 2026Q2, signaling a persistent inability to generate retained earnings and suggesting that the company's balance sheet trajectory is characterized by long-term value destruction rather than sustainable capital accumulation or operational growth.

The consistent expansion of the deficit indicates that the company's business model has failed to achieve the scale necessary to offset its operating costs. Investors should monitor whether the recent increase in total assets is driven by productive capital or merely accounting adjustments that do not improve the firm's underlying solvency.

Precarious Cash Runway and Liquidity

According to recent SEC filings, ZNB maintains a cash position of only $1.7M as of 2026Q2, which appears insufficient to support its high-burn operational model and suggests that the company remains highly dependent on external financing to maintain its day-to-day liquidity and avoid a potential default.

While the current ratio shows a temporary improvement, the absolute cash balance remains dangerously low relative to the company's historical operating losses. This liquidity profile implies that any disruption in revenue or access to capital markets could immediately threaten the firm's ability to continue as a going concern.

Asset Composition and Quality Concerns

Based on ZNB's reported figures, the asset base has shifted toward $17.7M in net PPE as of 2026Q2, which warrants further investigation into whether these assets represent tangible productive capacity or are simply capitalized costs that may be subject to future impairment if the entertainment platform fails.

The lack of clarity regarding the nature of these assets makes it difficult to assess their true liquidation value. If these assets are tied to celebrity-led content production, their value is likely highly sensitive to the platform's user engagement, which remains unproven and volatile.

Hidden Risks in Capital Structure

As indicated by the company's financial disclosures, the rapid fluctuation in debt levels and the absence of deferred revenue suggest that ZNB lacks a stable, recurring revenue base, which makes the balance sheet highly susceptible to shocks in discretionary spending and celebrity partnership stability.

The reliance on debt to fund operations, despite the lack of a clear path to profitability, suggests that the company's capital structure is being used to bridge operational gaps rather than to fund strategic growth. This approach appears to increase the risk of dilution for existing shareholders as the company seeks to manage its mounting liabilities.

ZNB — Frequently Asked Questions

Quick answers to the most common questions about buying ZNB stock.

What are the total assets of Zeta Network Group (ZNB)?

As of 2025, Zeta Network Group (ZNB) had total assets of $35.8M including $3.7M in current assets.

How much debt does Zeta Network Group (ZNB) have?

Zeta Network Group (ZNB) carries total debt of $4.2M, offset by $1.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Zeta Network Group?

Zeta Network Group (ZNB) has total shareholders' equity (book value) of $23.3M ($6057.69 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Zeta Network Group's current ratio and liquidity?

Zeta Network Group (ZNB) reported a current ratio of 0.30x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.