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MARKETS / BALCAO / ZDPY
BALCAO · OPEATORS OF NONRESIDENTIAL BUILDINGS · SMALL CAP

Zoned Properties, Inc. ZDPY

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.1M
▲ 9.2% YoY
$-2.9M
▼ 597.3% YoY
In brief

What this company does

Zoned Properties is a technology-driven property investment company focused on acquiring value-added real estate within the regulated cannabis industry in the United States. The Company operates in two organized segments; (1) the operations, leasing and management of its commercial properties, herein known as the “Property Investment Portfolio” segment, and (2) the advisory, brokerage and technology services related to commercial properties related to commercial properties, herein known as the “Real Estate Services” segment. The Company does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona. The Company also maintains a 50% equity interest in two joint ventures which are inactive as of December 31, 2025.

Written from the business description in Zoned Properties, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 1 April 2026. Every sentence was checked against that document before publication.

Growth
USD 4.1M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 4.1 · Net income -2.9
2M4M-2M-4M20102014201620182020202220242025
Compound annual growth
+68.6%
+29.8%
+11.3%
+24.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +29.8% a year over five years.

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
−69 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -45.5% · Net -68.9%
500%1000%1500%-2000%-4000%20102014201620182020202220242025
ROE
FY2025 · ROE -63.9%
2000%4000%20102014201620182020202220242025

Each USD of equity lost 64 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $
FY2024 · FCF 571738.0
400000800000-400000-80000020102014201620182020202220242025
Net buybacks $ Dividends $
FY2015 · Dividends — · Net buybacks -997750.0
-400000-8000002015

Total assetsUSD 13.9M
EquityUSD 3.1M
CashUSD 837,767.00
Gross debtUSD 7.7M
Net debtUSD 6.9M
DepositsUSD 339,471.00

Net debt stands at 223% of equity.

The 14-year record
14 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 20252024202320222021202020192018201720162015201420112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.0·0.0
Operating income $B−0.00.00.0−0.00.00.00.0−0.00.0−0.0−0.0−0.0−0.00.0
EBITDA $B··0.00.00.00.00.0−0.00.0−0.0−0.0−0.0··
Income tax $B··············
Net income $B−0.00.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.00.0−0.0
Free cash flow $B·0.00.00.00.00.0·−0.00.0−0.0−0.0−0.0··
EPS, diluted $−0.240.06−0.04−0.05−0.01−0.010.00−0.120.07−0.03−0.08−0.720.64−0.86
Dividend / sh $··············
Payout %··············
ROE %−63.910.3−9.9−9.9−2.8−1.3−0.2−29.519.7−8.4−22.2−86.84329.3−439.2
Shares out B0.010.010.010.010.010.010.010.020.020.020.020.020.000.00

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

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Provenance
Company facts, as filed
How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityOpeators of Nonresidential Buildings
Listed onOTC market
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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