10-Q · May 15, 2026
Zoned Properties, Inc. reported a total revenue of $1,172,436 for the three months ended March 31, 2026, marking a significant increase of 20.3% compared to the previous year, driven largely by a 95.0% spike in Real…
Earnings analysis · 10-Q
ZDPY earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
Zoned Properties reported $773,977 of quarterly revenue and $0.01 of EPS, with revenue down 17.5% year over year but net income of $73,787. Higher operating expenses, up 23.2%, resulted in a $46,236 operating loss. The…
Read full summary
Zoned Properties reported $773,977 of quarterly revenue and $0.01 of EPS, with revenue down 17.5% year over year but net income of $73,787. Higher operating expenses, up 23.2%, resulted in a $46,236 operating loss. The most material filing concern is ineffective disclosure controls as of June 30, 2026, including 3 identified material weaknesses and limited accounting resources. No quantitative forward guidance was provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.01
- Operating margin
- -5.97%
What stood out
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Net income increased despite lower revenue
Quarterly revenue was $773,977, while net income was $73,787. Revenue declined 17.5% year over year, but net income increased versus the prior-year quarter.
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Operating loss remained limited in scale
The company reported a $46,236 operating loss on $773,977 of revenue, implying an operating margin of approximately -5.97%.
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Six-month revenue grew
Six-month revenue increased year over year, according to the filing, although the filing data provided here does not include the six-month revenue amount.
What to watch
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Material weaknesses in internal controls
Management concluded that disclosure controls and procedures were not effective as of June 30, 2026. The filing identifies 3 material weaknesses: insufficient management review, inadequate system and manual controls, and inadequate segregation of duties/resources.
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Higher costs pressured operations
Operating expenses increased 23.2% year over year while the company recorded a $46,236 operating loss, indicating continued cost pressure despite reported net income of $73,787.
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Limited finance staffing and oversight
The company stated that it may continue reporting material weaknesses until it adds accounting personnel and hires a full-time CFO; the CEO and CFO roles were held by the same individual as of the June 30, 2026 reporting period.
Management's outlook
No quantitative revenue or EPS guidance was provided in the 10-Q; the filing does not establish a forward outlook range.
Earlier filings 4
10-K · April 1, 2026
Zoned Properties is a technology-driven property investment company focused on regulated cannabis real estate. The company reported full-year revenue of $1,215,000 and GAAP EPS of -$0.26 and has entered a Management…
10-K · March 25, 2025
Zoned Properties describes a focused strategy of acquiring and developing direct-to-consumer, value-add real estate leased to regulated cannabis retailers and providing complementary real estate services. The company…
10-Q · November 14, 2024
Zoned Properties reported quarterly revenue of $1,029,630 (Q3 2024), up from $720,450 in Q3 2023, driven by growth in both the Property Investment Portfolio ($750,926) and Real Estate Services ($278,704). Operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.