Revenue has experienced a sustained decline while gross margins have collapsed from 79.8% in 2020Q4 to a negligible 0.3% in 2025Q4.
| Sales/Revenue | 2.88M | 6.22M | 9.54M | 8.21M | 7.98M | 4.31M |
| Revenue Growth % | -53.62% | -34.83% | 16.15% | 2.91% | 85.3% | - |
| Cost of Goods Sold | 2.86M | 6.46M | 4.91M | 2.19M | 3.12M | 2.12M |
| COGS % of Revenue | 99.3% | 103.9% | 51.48% | 26.68% | 39.06% | 49.27% |
| Gross Profit | 20.07K | -242.44K | 4.63M | 6.02M | 4.86M | 2.18M |
| Gross Margin % | 0.7% | -3.9% | 48.52% | 73.32% | 60.94% | 50.73% |
| Gross Profit Growth % | 108.28% | -105.24% | -23.13% | 23.82% | 122.6% | - |
| Operating Expenses | 1.35M | 16.91M | 3.31M | 1.65M | 1.13M | 1.55M |
| OpEx % of Revenue | 46.89% | 272.03% | 34.71% | 20.08% | 14.1% | 35.97% |
| Selling, General & Admin | 1.35M | 5.84M | 2.91M | 1.31M | 1.14M | 1.55M |
| SG&A % of Revenue | 46.89% | 93.88% | 30.54% | 15.99% | 14.32% | 35.97% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -2.94M | 1.99K | -53.41K | 0 | 0 |
| Operating Income | -1.33M | -17.15M | 1.32M | 4.37M | 3.72M | 635.65K |
| Operating Margin % | -46.2% | -275.93% | 13.81% | 53.23% | 46.63% | 14.76% |
| Operating Income Growth % | 92.24% | -1402.16% | -69.87% | 17.5% | 485.2% | - |
| EBITDA | -1.27M | -12.34M | 1.41M | 4.39M | 3.76M | 638.78K |
| EBITDA Margin % | -44.1% | -198.58% | 14.81% | 53.46% | 47.1% | 14.84% |
| EBITDA Growth % | 89.7% | -973.73% | -67.82% | 16.83% | 488.21% | - |
| D&A (Non-Cash Add-back) | 60.32K | 4.81M | 95.53K | 18.89K | 37.61K | 3.13K |
| EBIT | -10.08M | 0 | 0 | 4.37M | 3.72M | 0 |
| Net Interest Income | -107.31K | -1.33M | 5.73K | 390 | 10.13K | 28.75K |
| Interest Income | 12 | 6.03K | 5.73K | 390 | 11.89K | 29.84K |
| Interest Expense | 107.32K | 1.34M | 0 | 0 | 1.76K | 1.09K |
| Other Income/Expense | -8.86M | 319.09K | 7.72K | 27.11K | 27.26K | 25.99K |
| Pretax Income | -10.19M | -16.83M | 1.32M | 4.4M | 3.75M | 690.39K |
| Pretax Margin % | -353.52% | -270.8% | 13.89% | 53.56% | 46.97% | 16.03% |
| Income Tax | 0 | -71 | 546.83K | 974.39K | 540.78K | 135.4K |
| Effective Tax Rate % | 0% | 0% | 41.27% | 22.16% | 14.43% | 19.61% |
| Net Income | -10.19M | -16.8M | 813.75K | 3.45M | 3.24M | 636.05K |
| Net Margin % | -353.52% | -270.31% | 8.53% | 42.03% | 40.61% | 14.77% |
| Net Income Growth % | 39.34% | -2164.73% | -76.42% | 6.51% | 409.4% | - |
| Net Income (Continuing) | -10.19M | - | - | - | - | - |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 137.41K | 264.69K | 414.43K | 460.63K | 509.49K |
| EPS (Diluted) | -29.38 | -13.69 | 0.68 | 4.14 | 3.89 | 0.76 |
| EPS Growth % | -114.61% | -2113.24% | -83.57% | 6.43% | 411.84% | - |
| EPS (Basic) | -29.38 | -13.69 | 0.68 | 4.14 | 3.89 | 0.76 |
| Diluted Shares Outstanding | 346.87K | 1.23M | 1.19M | 833.33K | 833.33K | 833.33K |
| Basic Shares Outstanding | 346.87K | 1.23M | 1.19M | 833.33K | 833.33K | 833.33K |
| Dividend Payout Ratio | - | - | - | - | - | - |
Existential Revenue Collapse
According to historical financial filings, JZXN has experienced a severe and sustained decline in top-line performance, with quarterly revenue falling from $6.9 million in 2020Q4 to just $1.9 million by 2025Q4, signaling a fundamental erosion of the company's market position within the Chinese NEV distribution landscape.
The consistent downward trajectory in revenue suggests that the company's franchise-based model is failing to gain traction or retain participants in lower-tier cities. This decline appears to be structural rather than cyclical, as the firm has been unable to stabilize its sales volume despite various shifts in the broader Chinese automotive market.
As reported in recent income statements, JZXN's gross margin has collapsed from a peak of 79.8% in 2020Q4 to a negligible 0.3% in 2025Q4, indicating that the company possesses virtually no pricing power and functions primarily as a low-margin pass-through entity for vehicle inventory.
The inability to maintain even modest gross margins suggests that the company is trapped in a hyper-competitive environment where it cannot extract value from OEMs or franchisees. This margin compression leaves no buffer to absorb operating expenses, rendering the current business model fundamentally unsustainable under existing cost structures.
Based on the provided income statement data, JZXN's operating income has remained consistently negative since 2022, with the company failing to scale its SG&A expenses in proportion to the precipitous decline in revenue, resulting in an operating margin of -37.1% in the most recent quarter.
The lack of operating leverage implies that the company's fixed corporate overhead is disproportionately high relative to its current revenue generation capacity. Investors should monitor whether management can implement significant cost-cutting measures, as the current expense base appears misaligned with the company's diminished operational scale.
As evidenced by the company's recent filings, JZXN has reported a net loss of $9.5 million in 2025Q4, a figure that significantly exceeds its quarterly revenue of $1.9 million, highlighting a severe disconnect between operational activity and the company's bottom-line financial health.
The extreme net margin of -353.52% suggests that non-operating items or significant impairments may be exacerbating the losses beyond core operational inefficiencies. This level of loss warrants further investigation into the company's accounting practices and the potential for future write-downs of assets or deferred tax positions.
While some market participants may view JZXN as a potential recovery play in the NEV sector, the financial data suggests a distressed entity, as the company's cash-to-revenue ratio and persistent net losses indicate a high probability of future dilution to sustain basic corporate operations.
Short-sellers would likely focus on the company's inability to generate positive cash flow and the risk that OEMs may eventually bypass third-party aggregators entirely. The current valuation appears to ignore the fundamental reality that the company's franchise model has failed to demonstrate scalability or profitability in its target markets.
Quick answers to the most common questions about buying JZXN stock.
For fiscal year 2025, Jiuzi Holdings, Inc. (JZXN) reported total revenue of $2.9M. This represents a 33.0% decline compared to $4.3M in 2018.
Jiuzi Holdings, Inc. (JZXN) reported a net loss of $10.2M for the fiscal year ending 2025.
Jiuzi Holdings, Inc. (JZXN) reported an operating income of $-1.3M, resulting in an operating profit margin of -46.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Jiuzi Holdings, Inc. (JZXN) generated $0.0M in gross profit for the year, representing a gross profit margin of 0.7%. This demonstrates the company's core pricing power and production efficiency.