olivLaw · US equity research
ZOOZ Strategy Ltd. ZOOZ
Misc Industrial & Commercial Machinery & Equipment · SIC 3590 · Vertical: Misc Industrial & Commercial Machinery & Equipment (SIC 3590)
ZOOZ Strategy Ltd. has shifted since 2025 from making power management systems for ultra-fast EV charger clusters to running a bitcoin treasury strategy with bitcoin as its primary reserve asset. For the company, exposure to bitcoin volatility is now the central driver of results, which matters most to investors tracking how this change affects the value of the shares, with about 1,047 bitcoins held at the end of 2025.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, ZOOZ Strategy Ltd. (ZOOZ) stock was 6.00 USD (+14.72% on the day), with market capitalisation 972.0 m USD, beta 1.28, 52-week range 4.97–12.80 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 45.6
- neutral
- Bollinger (20, 2)
- 5.42 – 7.10
- in the lower half of the band · %B 0.35 · band width 26.8%
- SMA 50 / 200
- 6.85 / 6.51
- mixed trend
- MACD (12, 26, 9)
- -0.31 / -0.24
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −16.2% | −1.1% | −15.1 pp | — |
| 3 months | +14.8% | −0.5% | +15.3 pp | — |
| 6 months | −7.4% | +4.4% | −11.8 pp | — |
| Year to date | −31.5% | +12.3% | −43.8 pp | — |
| 1 year | −53.8% | +13.5% | −67.4 pp | −47.0% |
| 3 years | unavailable | +76.4% | unavailable | +54.6% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | unavailable | unavailable | 764.0 k | 1.0 m | 247.0 k |
| Revenue YoY | unavailable | unavailable | unavailable | +36.3% | −76.3% |
| Net income | -4.6 m | -7.8 m | -11.8 m | -11.0 m | -55.6 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | -2.27 | -1.51 | -1.99 | -1.09 | -0.94 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | -1,538.6% | -1,055.7% | -22,505.7% |
| Free cash flow | -6.4 m | -11.0 m | -13.6 m | -10.0 m | -13.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 27.0 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 119.2 m USD
- Total assets
- 122.6 m USD
- Debt / equity
- unavailable
- Current ratio
- 9.85x
- ROE
- -88.3%
- ROA
- -82.1%
- FCF margin
- -5,618.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Revenue | — | — | 764.0 k | 1.0 m | 247.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Cost of revenue | — | 178.0 k | 1.9 m | 1.5 m | 3.1 m | SEC (XBRL)· 27 Mar 2026verified |
| Gross profit | — | -178.0 k | -1.1 m | -486.0 k | -2.9 m | SEC (XBRL)· 27 Mar 2026verified |
| Research & development | 1.5 m | 4.2 m | 5.2 m | 5.1 m | 3.7 m | SEC (XBRL)· 27 Mar 2026verified |
| Operating income | -4.5 m | -8.2 m | -12.2 m | -10.5 m | -53.1 m | SEC (XBRL)· 27 Mar 2026verified |
| Interest expense | — | — | — | 171.0 k | 160.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Pre-tax income | -4.6 m | -7.8 m | -11.8 m | — | — | SEC (XBRL)· 30 Apr 2024verified |
| Net income | -4.6 m | -7.8 m | -11.8 m | -11.0 m | -55.6 m | SEC (XBRL)· 27 Mar 2026verified |
| Diluted EPS | -2.27 | -1.51 | -1.99 | -1.09 | -0.94 | SEC (XBRL)· 27 Mar 2026verified |
| Weighted average diluted shares | 2.0 m | 5.2 m | 5.9 k | 10.1 k | 59.3 k | SEC (XBRL)· 27 Mar 2026verified |
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Cash | — | — | — | 7.5 m | 27.0 m | SEC (XBRL)· 27 Mar 2026verified |
| Inventories | — | 1.8 m | 2.8 m | 2.3 m | — | SEC (XBRL)· 07 Mar 2025verified |
| Current assets | — | 22.9 m | 10.3 m | 10.7 m | 28.9 m | SEC (XBRL)· 27 Mar 2026verified |
| Property, plant & equipment, net | — | 723.0 k | 1.6 m | 927.0 k | 289.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Total assets | — | 25.4 m | 13.5 m | 12.8 m | 122.6 m | SEC (XBRL)· 27 Mar 2026verified |
| Accounts payable | — | 485.0 k | 536.0 k | 297.0 k | 178.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Current liabilities | — | 2.9 m | 3.3 m | 5.2 m | 2.9 m | SEC (XBRL)· 27 Mar 2026verified |
| Total liabilities | — | 4.2 m | 4.3 m | 6.1 m | 3.4 m | SEC (XBRL)· 27 Mar 2026verified |
| Equity | 2.6 m | 21.3 m | 9.2 m | 6.7 m † | 119.2 m † | SEC (XBRL)· 27 Mar 2026verified |
| Shares outstanding at year end | — | — | 5.9 m | 12.1 m | 162.0 m | SEC (XBRL)· 27 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Operating cash flow | -6.1 m | -10.5 m | -12.2 m | -9.9 m | -13.8 m | SEC (XBRL)· 27 Mar 2026verified |
| Capex | 298.0 k | 500.0 k | 1.4 m | 67.0 k | 93.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Free cash flow | -6.4 m ≈ | -11.0 m ≈ | -13.6 m ≈ | -10.0 m ≈ | -13.9 m ≈ | SEC (XBRL)· 27 Mar 2026derived |
| Investing cash flow | -298.0 k | -500.0 k | -1.3 m | 159.0 k | -122.0 m | SEC (XBRL)· 27 Mar 2026verified |
| Financing cash flow | 7.6 m | 27.9 m | — | 10.7 m | 154.5 m | SEC (XBRL)· 27 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 25.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 972.0 m USD
Key indicators
Coverage and freshness
Score by group
25% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -22,505.7% | 0 (vs peers) | 25% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -332.1x | 0 (on a fixed band) | 25% |
| Current ratio · Balance sheet | 9.9x | 100 (on a fixed band) | 17% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -1.4% | 0 (on a fixed band) | 33% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ZOOZ Strategy Ltd. (ZOOZ). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 247.0 k USD in 2025; YoY growth -76.3%; net margin -22,505.7%; ROE -88.3%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 9.9x
What contradicts it
- Net margin: -22,505.7%
- Interest coverage: -332.1x
- FCF yield: -1.4%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Misc Industrial & Commercial Machinery & Equipment (SIC 3590) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ETNEATON CORPORATION plc | 137.2 bn | 35.3 | 19.6% | 12.2% | +10.3% | +2% / +55% |
| CWCurtiss-Wright Corporation | 16.7 bn | 31.1 | 19.7% | 14.8% | +12.1% | −20% / +111% |
| EPACEnerpac Tool Group Corp. | 2.2 bn | 24.5 | 20.2% | 13.8% | +5.7% | +11% / +55% |
| ZOOZZOOZ Strategy Ltd. | 972.0 m | — | -88.3% | -22,505.7% | −76.3% | −54% / unavailable |
| VHUBVenhub Global, Inc. | 21.4 m | — | — | -11,799.2% | unavailable | unavailable / unavailable |
| LIQTLiqtech International, Inc. | 10.4 m | — | -48.9% | -63.2% | +13.0% | −83% / −91% |
| SMXSMX (Security Matters) Public Limited Company | 2.1 m | — | -2,287.2% | — | unavailable | −100% / −100% |
| SHMDSCHMID Group N.V. | — | — | — | -138.3% | −32.6% | −47% / unavailable |
| HTOOFusion Fuel Green PLC | — | — | -204.5% | -855.5% | −61.3% | −53% / −97% |
| RAINRain Enhancement Technologies Holdco, Inc. | — | — | — | — | unavailable | −89% / unavailable |
| MOG-AMOOG Inc. | — | 27.7 | 18.2% | 8.7% | +7.0% | +42% / +133% |
1- and 3-year price returns: for ZOOZ from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 27 Mar 2026; since then the company filed 6-K (04 Nov 2026), 6-K (25 Aug 2026), 6-K (18 Jun 2026), 6-K (10 Jun 2026), 6-K (01 Jun 2026), 6-K (19 May 2026).
In brief
ZOOZ Strategy Ltd. has shifted since 2025 from making power management systems for ultra-fast EV charger clusters to running a bitcoin treasury strategy with bitcoin as its primary reserve asset. For the company, exposure to bitcoin volatility is now the central driver of results, which matters most to investors tracking how this change affects the value of the shares, with about 1,047 bitcoins held at the end of 2025 1.
SWOT
Strengths
- The company holds a bitcoin portfolio bought with capital raised through private placements and has a clearly communicated treasury strategy.
- The patented flywheel technology offers a strategic option for value creation independent of bitcoin.
- Capital expenditure is very low, which preserves the company's financial flexibility.
Weaknesses
- The legacy activity no longer generates revenue, and the company depends almost entirely on bitcoin's value for its results.
- The strategy has no fixed holding target and has not been tested over an extended period or under different market conditions.
- Reported results are highly sensitive to unrealized gains and losses from revaluing the asset.
Opportunities
- Growing institutional adoption of bitcoin could support the asset's value and access to financing.
- Commercializing the patented flywheel technology through a strategic alternative could bring new revenue.
- If capital markets remain open, the company could raise additional funds for further purchases.
Threats
- A sharp fall in the bitcoin price could lead to significant losses and demands for extra collateral.
- Reclassifying bitcoin as a security could bring the company under investment company rules and affect the share price.
- Bankruptcy or problems at a custodian could affect access to bitcoin and its recoverable value.
Risks
- Bitcoin volatilityhigh
The bitcoin price can vary widely, and financial results and the share price depend directly on it.
- Pledging bitcoin as collateralhigh
If bitcoin is pledged for loans, a price decline could trigger margin calls and forced liquidations at unfavorable prices.
- Custody riskmedium
Bitcoin is held with third-party custodians, and a failure or insolvency of one could limit the company's access to its assets.
- Regulation and classificationmedium
A reclassification of bitcoin as a security could bring the company under the investment company rules, with effects on compliance requirements.
- Dilution and listingmedium
Exercise of warrants and options could create significant dilution, and a low share price could put Nasdaq listing requirements at risk.
Investment thesis
What would need to be true (bull case)
- If institutional adoption of bitcoin continues, the company could benefit from growth in the value of its main asset.
- The patented flywheel technology could become an independent source of revenue if the commercialization strategy succeeds.
- A low-cost structure and the absence of large capital expenditure could preserve the company's financial flexibility.
What would break the thesis
- If the bitcoin price falls again, unrealized losses could materially reduce the carrying value and reported results.
- The legacy activity no longer generates revenue, so there is no operating cash flow to support the company in difficult periods.
- Dilution from warrants, RSUs and options could reduce the value of existing shares for shareholders.
What to watch
- Development of unrealized gains or losses on bitcoin and the carrying value of the holdingQ1 2027
- Any further bitcoin purchases or sales and how they are financed2027
- Evolution of the regulatory framework for bitcoin classification in the US and Israel2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 27 Mar 2026; since then the company filed 6-K (04 Nov 2026), 6-K (25 Aug 2026), 6-K (18 Jun 2026), 6-K (10 Jun 2026), 6-K (01 Jun 2026), 6-K (19 May 2026).
The business
The company was incorporated in Israel in 2013 as an incubator project, initially focused on a flywheel concept, and until 2025 operated in systems that manage and optimize power delivery to ultra-fast EV charger clusters, which it calls the Legacy Business 1. In July 2025, after the private placement, ZOOZ adopted bitcoin as its primary treasury reserve asset, and it now describes itself primarily as a bitcoin treasury company, while keeping the legacy activity and exploring strategic alternatives for its patented flywheel technology 1. The shares and public warrants trade on the Nasdaq Capital Market under the symbol ZOOZ 1.
The legacy activity generated revenue in the past but currently does not contribute revenue, and operating costs matter less than the effect of bitcoin valuation on reported results 1. The company notes that bitcoin acquisition, sale and financing transactions can produce unrealized gains or losses that flow directly into the statement of operations 1.
Segments
Legacy Business (ultra-fast charging systems)
The legacy activity, related to power management for ultra-fast charging stations, retains its technology and customers but does not contribute revenue in the reported period 1. The company maintains it mainly to leverage the technology in the future, and its associated costs have a smaller impact than before the private placement 1.
Market context
The regulatory environment is changing, both in the US, where a reclassification of bitcoin as a security could bring the company under the investment company rules, and in Israel, where proposed changes to securities law could alter compliance requirements 1. These developments could affect costs and access to capital, but their level is not yet predictable 1.
Trends
- Institutional adoption of bitcointailwind
The approval of spot ETPs and rising institutional participation have improved liquidity and market access for bitcoin, which could lower execution costs for the company's strategy 1.
- Bitcoin price volatilityheadwind
The bitcoin price can fall sharply, as it did in 2025, which translates into unrealized losses and the risk of needing extra collateral if the asset is pledged 1.
- Digital asset regulationmixed
Debate on classifying bitcoin as a security and Israeli rules for digital financial services could raise compliance costs or restrict how the company holds the asset 1.
Competitive position
The analyzed source does not identify direct competitors in the bitcoin treasury strategy or in the legacy business, so the company's comparative position cannot be established from this document. It can only be said that other companies holding bitcoin in treasury compete for investment capital and investor attention 1.
In the segment of ultra-fast EV charging systems, the company retains patented technology but without current revenue, which limits its competitive position in that area against active suppliers 1.
- Other US-listed bitcoin treasury companies
The source does not name specific competitors; such companies compete for capital and for bitcoin accumulation strategy.
- EV ultra-fast charging system suppliers
The source does not identify specific suppliers; competition concerns the company's legacy activity, which no longer generates revenue.
- Funds and ETPs holding bitcoin
Products approved by the SEC in 2024 compete as an alternative for investors seeking bitcoin exposure.
- Capital providers for treasury companies
Companies raising capital through private placements compete with ZOOZ for the same investors.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)04 Nov 2026
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)18 Jun 2026
- Current report (foreign issuer)10 Jun 2026
- Current report (foreign issuer)01 Jun 2026
- Current report (foreign issuer)19 May 2026
- Current report (foreign issuer)11 May 2026
- Current report (foreign issuer)13 Apr 2026
- Annual report (foreign issuer)27 Mar 2026
- Current report (foreign issuer)20 Jan 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / ZOOZ Strategy Ltd. · 27 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.