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LZMH · Nasdaq · United States · Services-Computer Programming Services
In shortLZ Technology Holdings Ltd is loss-making, burns cash and carries moderate debt, with revenue growing (+37.2% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -15.6% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -15.4% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -305.0% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -131.6% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.12× | 27/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.17× | 46/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -160.01× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -4.96 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -3.7% | 5/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 2 of 4 | 37/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 4 | 25/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 120.2% | 0/100 |
| Operating margin volatility | 8.3% | 34/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 90.6% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 163 | 569 | 823 | 1,129 |
| Cost of revenue | 143 | 538 | 788 | 1,092 |
| Gross profit | 20 | 31 | 34 | 37 |
| Research & development | 6.9 | 5.5 | 4.5 | 56 |
| Operating income | (22) | (6.4) | 3.6 | (176) |
| Interest expense | 0.1 | 0.4 | 0.7 | 1.1 |
| Pre-tax income | (15) | (4) | 4.8 | (173) |
| Income tax | – | 2.4 | (1) | 0.5 |
| Net income | (14) | (6.2) | 5.5 | (173) |
| Diluted EPS | −¥0.10 | −¥0.04 | ¥0.04 | −¥1.13 |
| Diluted shares (millions) | 133 | 144 | 148 | 154 |
−4.96 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 28, 2026