ATIF Holdings Limited
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsATIF Holdings Ltd is a California-based holding company for business consulting and management services, listed on Nasdaq under the symbol ZBAI.
What they do
ATIF Holdings Limited operates through wholly-owned subsidiaries providing business consulting, business management, and other related services. The company's principal executive offices are in Irvine, California. It does not use variable interest entities and does not plan to conduct China-based operations.
Revenue drivers
- Business consulting services — Primary revenue source, though reported annual revenue has been minimal, with 2024 revenue of $70,000.
- Business management services — Offered through ATIF Business Management LLC; no separate revenue breakdown disclosed, but overall revenue is very small.
Recent performance
For fiscal year ended July 31, 2024, annual revenue was $70,000 with net loss of $1.8 million. Quarterly revenue showed modest activity: $25,000 (Jan 2024), $200,000 (Apr 2024), $200,000 (Jan 2025), $250,000 (Apr 2025). As of April 30, 2025, the company had total assets of $8.7 million, cash of $6.7 million, and minimal liabilities of $278,073.
Strategy
Management's stated direction is to continue as a holding company for its U.S.-based subsidiaries. Recent events include entering material agreements (July and February 2025), a change in accountants (February 2025), and a reverse share split effective August 8, 2025. The company is focused on growing its consulting and management business lines.
Risks
- Minimal revenue base — Annual revenue has been under $100,000 since 2022, indicating a very small operating scale.
- Recurring losses — The company has reported net losses every year from 2020 through 2024, with cumulative losses exceeding $30 million.
- Listing compliance — Received a delisting notice in July 2025, indicating potential failure to meet Nasdaq listing rules.
- Share structure changes — Implemented a 1-for-18 reverse share split in August 2025, which may affect liquidity and shareholder value.
Outlook
Management has not provided explicit forward guidance in the provided excerpts. The company continues to operate with a small revenue base and significant cash holdings. Future performance depends on the success of recent material agreements and business development efforts.