NASDAQ : ZSTK
ZeroStack Corp. — Financial statements
United States
Last price 2.78 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 60.66M
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Financial statements
ZeroStack Corp. (ZSTK) reported revenue of 40.03M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 40.03M | 35.68M | 35.87M | 76.07M | 33.40M | 8.98M |
| Cost of Revenue | 34.77M | 34.03M | 33.67M | 58.33M | 20.15M | 6.55M |
| Gross Profit | 5.26M | 1.65M | 2.20M | 17.74M | 13.25M | 2.42M |
| Selling, General & Admin | 10.63M | 9.66M | 8.50M | 22.16M | 25.40M | 17.02M |
| Research & Development | 62.00K | 388.00K | 132.00K | |||
| Other Operating Expenses | 1.81M | 2.05M | -215.00K | 2.20M | 1.51M | 1.05M |
| Operating Expenses | 18.03M | 13.26M | 11.09M | 28.59M | 33.79M | 21.38M |
| Operating Income | -12.77M | -11.61M | -8.89M | -10.85M | -20.54M | -18.95M |
| Interest Expense | -251.00K | -199.00K | -139.00K | -92.00K | -32.00K | |
| Interest & Investment Income | 29.00K | |||||
| Currency Exchange Gain (Loss) | -65.00K | 41.00K | -462.00K | 158.00K | -323.00K | -79.00K |
| Other Non Operating Income (Expenses) | 64.13M | 38.34M | 202.00K | 1.99M | ||
| EBT Excluding Unusual Items | 51.04M | 26.57M | -9.29M | -8.79M | -20.83M | -19.06M |
| Merger & Restructuring Charges | -900.00K | |||||
| Impairment of Goodwill | -23.37M | -25.07M | -51.00K | |||
| Gain (Loss) on Sale of Investments | -593.00K | -2.35M | ||||
| Gain (Loss) on Sale of Assets | -225.63M | -141.88M | ||||
| Asset Writedown | -46.00K | -32.00K | -16.14M | -709.00K | ||
| Pretax Income | -174.59M | -115.35M | -9.32M | -48.30M | -48.11M | -21.46M |
| Income Tax Expense | 213.00K | 59.00K | 22.00K | -1.63M | -1.41M | -98.00K |
| Earnings From Continuing Operations | -174.81M | -115.41M | -9.35M | -46.67M | -46.70M | -21.36M |
| Earnings From Discontinued Operations | -3.03M | -4.32M | -6.56M | -9.68M | -5.93M | |
| Net Income to Company | -177.84M | -119.73M | -15.91M | -56.35M | -52.63M | -21.36M |
| Minority Interest in Earnings | -689.00K | 214.00K | 112.00K | |||
| Net Income | -177.84M | -119.73M | -15.91M | -57.04M | -52.41M | -21.25M |
| Net Income to Common | -177.84M | -119.73M | -15.91M | -57.04M | -52.41M | -21.25M |
| Shares Outstanding (Basic) | 7.47M | 2.75M | 318.00K | 188.62K | 98.26K | 56.35K |
| Shares Outstanding (Diluted) | 7.47M | 2.75M | 318.00K | 188.62K | 98.26K | 56.35K |
| EPS (Basic) | -23.81 | -43.49 | -50.02 | -302.39 | -533.45 | -377.08 |
| EPS (Diluted) | -23.81 | -43.49 | -50.02 | -302.39 | -533.52 | -377.08 |
| Free Cash Flow | -5.64M | -8.80M | -5.17M | -8.63M | -17.23M | -24.92M |
| Free Cash Flow Per Share | -0.76 | -3.20 | -16.25 | -45.76 | -175.35 | -442.26 |
| Gross Margin | 13.14% | 4.62% | 6.12% | 23.32% | 39.67% | 27.00% |
| Operating Margin | -31.90% | -32.54% | -24.80% | -14.26% | -61.49% | -211.05% |
| Profit Margin | -444.23% | -335.61% | -44.35% | -74.98% | -156.93% | -236.63% |
| Free Cash Flow Margin | -14.09% | -24.68% | -14.40% | -11.34% | -51.58% | -277.53% |
| EBITDA | -12.56M | -11.03M | -8.12M | -8.36M | -17.91M | -18.45M |
| EBITDA Margin | -31.37% | -30.91% | -22.65% | -10.99% | -53.62% | -205.47% |
| D&A For EBITDA | 213.00K | 582.00K | 768.00K | 2.48M | 2.63M | 501.00K |
| EBIT | -12.77M | -11.61M | -8.89M | -10.85M | -20.54M | -18.95M |
| EBIT Margin | -31.90% | -32.54% | -24.80% | -14.26% | -61.49% | -211.05% |
| Advertising Expenses | 4.71M | 8.03M | 3.58M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.64M | 5.60M | 5.22M | 4.35M | 8.94M | 37.61M |
| Cash & Short-Term Investments | 2.64M | 5.60M | 5.22M | 4.35M | 8.94M | 37.61M |
| Accounts Receivable | 492.00K | 370.00K | 4.95M | 5.14M | 6.33M | 4.31M |
| Other Receivables | 435.00K | 429.00K | 854.00K | 1.97M | 2.36M | 1.01M |
| Receivables | 927.00K | 799.00K | 5.81M | 7.10M | 8.96M | 5.60M |
| Inventory | 1.60M | 1.90M | 2.24M | 8.51M | 8.75M | 3.03M |
| Prepaid Expenses | 3.98M | 323.00K | 13.00K | 1.37M | 805.00K | 1.70M |
| Restricted Cash | 325.00K | 25.00K | 25.00K | 35.00K | 2.00K | |
| Other Current Assets | 1.07M | 76.00K | 6.46M | 3.71M | ||
| Total Current Assets | 10.55M | 8.72M | 19.76M | 21.36M | 31.16M | 47.94M |
| Property, Plant & Equipment | 436.00K | 514.00K | 255.00K | 1.24M | 3.34M | 4.98M |
| Long-Term Investments | 730.00K | 2.67M | ||||
| Goodwill | 23.37M | 20.05M | ||||
| Other Intangible Assets | 946.00K | 17.74M | 9.74M | |||
| Other Long-Term Assets | 14.20M | 121.00M | 6.21M | 80.00K | 4.66M | 97.00K |
| Total Assets | 25.19M | 130.24M | 26.23M | 23.63M | 80.99M | 85.48M |
| Accounts Payable | 2.18M | 2.33M | 3.57M | 5.11M | 7.83M | 2.42M |
| Accrued Expenses | 1.02M | 2.25M | 1.17M | 1.84M | 1.76M | 1.24M |
| Current Portion of Long-Term Debt | 2.38M | 2.72M | 2.08M | 1.93M | 1.09M | 18.00K |
| Current Portion of Leases | 116.00K | 163.00K | 130.00K | 799.00K | 1.12M | 412.00K |
| Other Current Liabilities | 1.27M | 1.17M | 11.88M | 6.59M | 5.65M | 2.03M |
| Total Current Liabilities | 11.11M | 8.63M | 18.83M | 16.28M | 17.45M | 6.12M |
| Long-Term Debt | 34.00K | 50.77M | ||||
| Long-Term Leases | 228.00K | 279.00K | 122.00K | 942.00K | 1.56M | 908.00K |
| Long-Term Deferred Tax Liabilities | 9.00K | 1.71M | 1.51M | |||
| Other Long-Term Liabilities | 2.76M | 3.85M | ||||
| Total Liabilities | 11.37M | 59.68M | 21.72M | 17.22M | 24.57M | 8.54M |
| Additional Paid-In Capital | 352.68M | 348.16M | 162.87M | 149.09M | 150.42M | 116.81M |
| Retained Earnings | -339.06M | -277.79M | -158.14M | -142.55M | -90.86M | -38.54M |
| Comprehensive Income & Other | 203.00K | 180.00K | -221.00K | -140.00K | -2.73M | -1.11M |
| Total Common Equity | 13.82M | 70.55M | 4.51M | 6.40M | 56.82M | 77.17M |
| Minority Interest | -411.00K | -225.00K | ||||
| Shareholders' Equity | 13.82M | 70.55M | 4.51M | 6.40M | 56.41M | 76.94M |
| Total Liabilities & Equity | 25.19M | 130.24M | 26.23M | 23.63M | 80.99M | 85.48M |
| Total Debt | 2.76M | 53.93M | 2.33M | 3.67M | 3.76M | 1.34M |
| Net Cash (Debt) | -117.00K | -48.34M | 2.89M | 678.00K | 5.17M | 36.28M |
| Net Cash Per Share | -0.02 | -17.56 | 9.09 | 3.59 | 52.64 | 643.75 |
| Filing Date Shares Outstanding | 17.49M | 2.43M | 498.02K | 229.35K | 175.56K | 97.88K |
| Total Common Shares Outstanding | 2.43M | 1.05M | 474.33K | 228.08K | 173.81K | 84.00K |
| Working Capital | -559.00K | 88.00K | 931.00K | 5.08M | 13.71M | 41.82M |
| Book Value Per Share | 5.69 | 67.47 | 9.51 | 28.08 | 326.92 | 918.68 |
| Tangible Book Value | 13.82M | 70.55M | 4.51M | 5.46M | 15.71M | 47.38M |
| Tangible Book Value Per Share | 5.69 | 67.47 | 9.51 | 23.93 | 90.40 | 564.02 |
| Land | 298.00K | 291.00K | 112.00K | |||
| Buildings | 101.00K | 104.00K | 32.00K | 78.00K | 928.00K | |
| Machinery | 147.00K | 151.00K | 140.00K | 733.00K | 1.14M | 2.03M |
| Construction In Progress | 905.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -177.84M | -119.73M | -15.91M | -57.04M | -52.41M | -21.25M |
| Depreciation & Amortization | 213.00K | 582.00K | 768.00K | 2.48M | 2.63M | 501.00K |
| Loss (Gain) From Sale of Assets | 633.00K | -511.00K | 129.00K | |||
| Asset Writedown & Restructuring Costs | 1.41M | 1.45M | 2.24M | 44.21M | 26.23M | 51.00K |
| Loss (Gain) From Sale of Investments | -38.23M | -38.23M | -259.00K | -1.99M | 593.00K | 2.35M |
| Stock-Based Compensation | 5.24M | 1.21M | 2.78M | 1.59M | 3.40M | 1.34M |
| Provision & Write-off of Bad Debts | 494.00K | 823.00K | 411.00K | 801.00K | 1.61M | 1.33M |
| Other Operating Activities | 196.37M | 143.31M | 1.67M | 1.76M | -1.81M | -204.00K |
| Change in Accounts Receivable | 1.91M | -346.00K | -685.00K | 1.52M | 143.00K | -5.69M |
| Change in Inventory | -649.00K | -51.00K | 1.32M | -2.11M | 1.22M | -1.21M |
| Change in Accounts Payable | 2.16M | 3.16M | 1.79M | -2.34M | 1.09M | 3.05M |
| Change in Other Net Operating Assets | -1.56M | -346.00K | 722.00K | -419.00K | 1.37M | -1.20M |
| Operating Cash Flow | -5.60M | -8.68M | -5.03M | -8.40M | -15.94M | -20.94M |
| Capital Expenditures | -38.00K | -127.00K | -134.00K | -234.00K | -1.29M | -3.98M |
| Sale of Property, Plant & Equipment | -2.00K | 273.00K | ||||
| Cash Acquisitions | -425.00K | 36.00K | 64.00K | -14.51M | -8.09M | |
| Divestitures | -67.00K | |||||
| Investment in Securities | -2.51M | |||||
| Other Investing Activities | -2.29M | -3.30M | ||||
| Investing Cash Flow | -2.75M | -3.46M | 203.00K | -234.00K | -15.80M | -14.55M |
| Long-Term Debt Issued | 2.80M | 8.40M | 995.00K | 197.00K | ||
| Total Debt Issued | 2.52M | 2.80M | 8.40M | 995.00K | 197.00K | |
| Long-Term Debt Repaid | -2.37M | -8.15M | -187.00K | -196.00K | -302.00K | |
| Total Debt Repaid | -2.77M | -2.37M | -8.15M | -187.00K | -196.00K | -302.00K |
| Net Debt Issued (Repaid) | -256.00K | 435.00K | 259.00K | 808.00K | 1.00K | -302.00K |
| Issuance of Common Stock | 15.03M | 16.07M | 7.50M | 2.74M | 5.19M | 55.47M |
| Repurchase of Common Stock | -255.00K | |||||
| Other Financing Activities | -5.09M | -5.16M | -1.27M | -396.00K | -520.00K | 3.23M |
| Financing Cash Flow | 9.68M | 11.35M | 6.49M | 3.15M | 4.41M | 58.40M |
| Foreign Exchange Rate Adjustments | 939.00K | 1.16M | 2.00K | 930.00K | -755.00K | -815.00K |
| Miscellaneous Cash Flow Adjustments | -804.00K | -804.00K | -602.00K | |||
| Net Cash Flow | 1.46M | 373.00K | 863.00K | -4.55M | -28.68M | 22.09M |
| Free Cash Flow | -5.64M | -8.80M | -5.17M | -8.63M | -17.23M | -24.92M |
| Free Cash Flow Margin | -14.09% | -24.68% | -14.40% | -11.34% | -51.58% | -277.53% |
| Free Cash Flow Per Share | -0.76 | -3.20 | -16.25 | -45.76 | -175.35 | -442.26 |
| Levered Free Cash Flow | -179.75K | -5.18M | 3.31M | 515.12K | -10.43M | -18.95M |
| Unlevered Free Cash Flow | -22.88K | -5.05M | 3.40M | 572.62K | -10.43M | -18.93M |
| Free Cash Flow After Leases | -5.64M | -8.80M | -5.17M | -8.63M | -17.23M | -24.92M |
| Cash Interest Paid | 218.00K | 156.00K | 213.00K | 94.00K | 4.00K | |
| Change in Working Capital | 6.00M | 2.42M | 3.15M | -3.35M | 3.82M | -5.06M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 60.44M | 4.67M | 19.05M | 11.03M | 30.36M | 92.60M |
| Enterprise Value | 60.56M | -5.18M | 21.08M | 8.18M | 27.45M | 73.99M |
| Last Close Price | 2.78 | 6.26 | 40.17 | 52.65 | 177.53 | 1,388.40 |
| Forward PE | 9.62 | 15.41 | ||||
| PS Ratio | 1.59 | 0.13 | 0.53 | 0.14 | 0.91 | 10.31 |
| PB Ratio | 0.49 | 0.07 | 4.22 | 1.72 | 0.54 | 1.20 |
| P/TBV Ratio | 4.61 | 0.07 | 4.22 | 2.02 | 1.93 | 1.96 |
| EV/Sales Ratio | 1.59 | 0.59 | 0.11 | 0.82 | 8.24 | |
| Debt / Equity Ratio | 0.20 | 0.76 | 0.52 | 0.57 | 0.07 | 0.02 |
| Net Debt / Equity Ratio | 0.01 | 0.69 | -0.64 | -0.11 | -0.09 | -0.47 |
| Net Debt / EBITDA Ratio | -0.01 | -4.38 | 0.36 | 0.08 | 0.29 | 1.97 |
| Net Debt / FCF Ratio | -0.02 | -5.49 | 0.56 | 0.08 | 0.30 | 1.46 |
| Asset Turnover | 1.67 | 0.46 | 1.44 | 1.45 | 0.40 | 0.17 |
| Inventory Turnover | 10.86 | 16.45 | 6.27 | 6.76 | 3.42 | 3.67 |
| Quick Ratio | 0.32 | 0.74 | 0.59 | 0.70 | 1.01 | 7.02 |
| Current Ratio | 0.95 | 1.01 | 1.05 | 1.31 | 1.79 | 7.83 |
| Return on Equity (ROE) | -1,959.59% | -307.51% | -171.27% | -148.59% | -70.04% | -45.84% |
| Return on Assets (ROA) | -33.36% | -9.28% | -22.30% | -12.96% | -15.42% | -22.58% |
| Return on Capital Employed (ROCE) | -90.70% | -9.50% | -120.30% | -147.70% | -32.30% | -23.90% |
| Earnings Yield | -859.62% | -2,562.01% | -83.48% | -517.21% | -172.63% | -22.95% |
| FCF Yield | -8.85% | -188.37% | -27.11% | -78.26% | -56.74% | -26.91% |
| Buyback Yield / Dilution | -1,571.74% | -765.72% | -68.60% | -91.96% | -74.36% | -47.00% |