ZDPY earnings analysis
What we found in ZDPY's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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%.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.01
- Operating margin
- -5.97%
What they said about what is next.
No quantitative revenue or EPS guidance was provided in the 10-Q; the filing does not establish a forward outlook range.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing ZDPY makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever