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MARKETS / BALCAO / ZCAR
BALCAO · SERVICES-AUTO RENTAL & LEASING (NO DRIVERS)

Zoomcar Holdings, Inc. ZCAR

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$9.2M
▲ 0.6% YoY
$-14.6M
$-1.4M
In brief

What this company does

Founded in 2012, our online platform facilitates mobility in emerging markets, where convenient, cost-efficient transportation options are limited. Zoomcar, Inc. thus became a wholly owned subsidiary of IAOC and IAOC was renamed as Zoomcar Holdings, Inc. with its securities traded on the Nasdaq Stock Market. Subsequently, on May 6, 2025, Zoomcar Holdings, Inc. (the “Company”) received notice Nasdaq that the Nasdaq Hearings Panel (the “Panel”) has determined to delist the Company’s common stock and public warrants after it failed to meet certain continuing listing standards within the prescribed time period. The Company’ common stock and public warrants have commenced trading on the OTC Markets Group trading platform at the open of trading on May 8, 2025, under the symbols “ZCAR” and “ZCARW,” respectively. Already present in over 100 cities across India, we plan to continue evolving our platform offerings to meet Guests’ mobility needs in ways that are convenient, modern and cost-efficient, providing both transportation solutions and entrepreneurship opportunities within the communities where we operate.

Written from the business description in Zoomcar Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 16 July 2026. Every sentence was checked against that document before publication.

Growth
USD 9.2M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 9.2 · Net income -14.6
4.0M8.0M-25.0M-50.0M2022202320242025
Compound annual growth
+1.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−160 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -73.9% · Net -159.7%
-200%-400%2022202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.4
-4M-8M2022202320242025

Total assetsUSD 3.2M
EquityUSD -35.3M
CashUSD 328,586.00
Gross debtUSD 2.5M
Net debtUSD 2.2M
Current ratio0.03×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022
Revenue $B0.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0
Income tax $B····
Net income $B−0.0−0.0−0.0−0.1
Free cash flow $B−0.0−0.0··
EPS, diluted $−1.28−52.28−3839.73−128.52
Dividend / sh $····
Payout %····
ROE %····
Shares out B0.010.000.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 16 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 75 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Auto Rental & Leasing (No Drivers)
Listed onOTC market
Incorporated inDelaware
Fiscal year endsMarch 31
SEC categoryemerging growth company
Data on record since2022

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