ZBAI

MKT CAP:$8M

ATIF Holdings Ltd.

Market Cap

$8M

Financial Services·Investment - Banking & Investment Services·🇺🇸 United States·NASDAQ

Financials·Investment·🇺🇸·NASDAQ

Stock Price

$8.65+$1.75 (+25.36%)

Apr 22, 2026

Company Details

ATIF Holdings Ltd. engages in the provision of financial consulting services. It is also involved in merger and acquisition business advisory, post-listing compliance, management support, and related services. The company was founded on Jan...

CEO

Kamran Khan

IPO Date

May 3, 2019

Website

www.ir.atifchina.com

Key Metrics TTM

Revenue

$1M

+93.5% YoY

Net Income

-$5M

EPS (Diluted)

-$0.32

Free Cash Flow

-$2M

Revenue / Share

$0.07

Gross Margin

100.0%

Operating Margin

-70.2%

Net Margin

-383.1%

FCF Margin

-204.8%

P/S

6.4x

P/E

—

Earnings Reports

FY 2025

Jul 31, 2025

$1M+93.5%EPS -$0.27

Q4 2025

Jul 31, 2025

$750.0K+177.8%EPS -$0.04

Q3 2025

Apr 29, 2025

$250.0K+25.0%EPS -$0.09

Q2 2025

Jan 31, 2025

$200.0K+700.0%EPS -$0.16

Q1 2025

Oct 31, 2024

$0-100.0%EPS -$0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$516.5K	$516.5K	-$586.8K
Q2 22	$7.7K	$7.7K	-$819.4K
Q3 22	$261.9K	$261.9K	-$336.7K
Q4 22	$881.2K	$881.2K	-$470.7K
Q1 23	$300.0K	$300.0K	-$267.9K
Q2 23	$2M	$2M	$1M
Q3 23	$100.0K	$100.0K	-$601.9K
Q4 23	$150.0K	$150.0K	-$1M
Q1 24	$125.0K	$125.0K	-$656.8K
Q2 24	$25.0K	$25.0K	-$547.5K
Q3 24	$200.0K	$200.0K	-$521.3K
Q4 24	$270.0K	$270.0K	-$234.4K
Q1 25	$0	$0	-$521.1K
Q2 25	$200.0K	$200.0K	-$350.8K
Q3 25	$250.0K	$250.0K	-$189.0K
Q4 25	$750.0K	$750.0K	$218.6K

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	88.6x	—
Q1 23	101.8x	—
Q2 23	44.2x	—
Q3 23	46.4x	—
Q4 23	60.3x	—
Q1 24	64.9x	—
Q2 24	369.2x	—
Q3 24	295.4x	—
Q4 24	238.2x	—
Q1 25	298.4x	—
Q2 25	695.0x	—
Q3 25	431.2x	—
Q4 25	99.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$153.1K	-$153.1K
Q2 22	$481.3K	$476.2K
Q3 22	-$611.4K	-$621.8K
Q4 22	$136.3K	$49.8K
Q1 23	$363.7K	$355.6K
Q2 23	-$1M	-$1M
Q3 23	-$606.4K	-$607.3K
Q4 23	-$972.8K	-$965.2K
Q1 24	$195.4K	$191.0K
Q2 24	-$212.8K	-$213.5K
Q3 24	-$66.8K	-$66.8K
Q4 24	-$36.3K	-$36.3K
Q1 25	-$801.0K	-$801.0K
Q2 25	-$395.0K	-$395.0K
Q3 25	-$939.0K	-$939.0K
Q4 25	-$322.6K	-$322.6K

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$5.1K
Q3 22	$10.3K
Q4 22	$86.5K
Q1 23	$8.1K
Q2 23	$0
Q3 23	$862
Q4 23	$7.6K
Q1 24	$4.3K
Q2 24	$754
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$5
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-41.9%	-48.5%
Q2 23	+24639.6%	-31.6%
Q3 23	-61.8%	+17.3%
Q4 23	-83.0%	+1.7%
Q1 24	-58.3%	+37.7%
Q2 24	-98.7%	+1.1%
Q3 24	+100.0%	+2.8%
Q4 24	+80.0%	-63.3%
Q1 25	-100.0%	-33.3%
Q2 25	+700.0%	-3.8%
Q3 25	+25.0%	-39.1%
Q4 25	+177.8%	+5.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	—
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$878.2K	$225.1K
Q2 22	$827.1K	—
Q3 22	$479.9K	$118.7K
Q4 22	$466.2K	$225.7K
Q1 23	$562.9K	$5.0K
Q2 23	$518.1K	$48.0K
Q3 23	$629.9K	$72.0K
Q4 23	$530.7K	$82.2K
Q1 24	$709.8K	$72.0K
Q2 24	$479.5K	$93.0K
Q3 24	$635.3K	$86.0K
Q4 24	$441.0K	$82.5K
Q1 25	$449.1K	$72.0K
Q2 25	$502.8K	$48.0K
Q3 25	$439.0K	—
Q4 25	$531.4K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 21	$2M	$4M	$6M
Q4 21	$6M	$1M	$7M
Q2 22	$4M	$2M	$6M
Q4 22	$2M	$33.3K	$2M
Q1 23	$2M	$58.2K	$2M
Q2 23	$829.4K	$73.6K	$903.0K
Q3 23	$467.6K	$283.7K	$751.3K
Q4 23	$606.0K	$130.6K	$736.7K
Q1 24	$361.2K	$459.4K	$820.6K
Q2 24	$139.2K	$548.6K	$687.7K
Q3 24	$2M	$239.1K	$2M
Q4 24	$1M	$424.1K	$2M
Q1 25	$457.8K	$4M	$5M
Q2 25	$5M	$3M	$8M
Q3 25	$7M	$1M	$8M
Q4 25	$9M	$116.6K	$9M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	9M	—	—
Q2 22	10M	+3.7%	—
Q3 22	10M	+0.6%	—
Q4 22	10M	-0.6%	—
Q1 23	10M	+0.6%	+4.4%
Q2 23	10M	0.0%	+0.6%
Q3 23	10M	0.0%	0.0%
Q4 23	10M	0.0%	+0.6%
Q1 24	10M	0.0%	0.0%
Q2 24	10M	0.0%	0.0%
Q3 24	10M	+1.8%	+1.8%
Q4 24	12M	+21.6%	+23.8%
Q1 25	12M	0.0%	+23.8%
Q2 25	12M	+1.9%	+26.2%
Q3 25	17M	+42.0%	+76.0%
Q4 25	17M	0.0%	+44.7%

Shares Outstanding