ZeroStack Corp. (ZSTK) Income Statement
ZSTK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsZSTK revenue and net income
Where ZSTK's revenue goes
2025Each bar shows an amount and its share of revenue. ZSTK kept −338.7% of revenue as net income.
ZSTK profit margins
ZSTK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −40.0% | +2.2% | +220.2% | — |
| Gross profit | −138.6% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ZSTK quarterly EPS vs estimates
ZeroStack beat the analyst EPS estimate in 0 of the last 7 quarters. Next report: November 4, 2026.
ZSTK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $35.7M | $59.5M | $76.1M | $33.4M | $9.0M | $106,000 | $0 |
| Cost of revenue | $40.5M | $47.0M | $58.3M | $20.1M | $6.6M | $35,000 | $25,865 |
| Gross profit | −$4.8M | $12.5M | $17.7M | $13.3M | $2.4M | $71,000 | −$25,865 |
| Research & development | $238,000 | $418,000 | $62,000 | $388,000 | $132,000 | $78,000 | $21,040 |
| Sales, general & admin | $1.2M | $23.1M | $23.3M | $28.8M | $17.8M | $11.8M | $2.8M |
| Total operating expenses | $4.7M | $28.1M | $68.1M | $60.5M | $21.4M | $14.4M | $2.8M |
| Operating income | −$9.6M | −$15.6M | −$50.4M | −$47.2M | −$19.0M | −$14.3M | −$2.8M |
| Interest income | — | — | — | $29,000 | — | — | — |
| Interest expense | $199,000 | $213,000 | $92,000 | — | $32,000 | $30,000 | $19,485 |
| Income before taxes | −$115.4M | −$16.1M | −$48.3M | −$48.1M | −$21.5M | −$14.3M | −$2.8M |
| Income taxes | $59,000 | −$177,000 | −$1.6M | −$1.4M | −$98,000 | — | — |
| Net income | −$120.9M | −$15.9M | −$57.0M | −$52.4M | −$21.2M | −$14.2M | −$2.8M |
| EBITDA | −$9.0M | −$15.1M | −$45.9M | −$17.9M | −$20.9M | −$14.2M | −$2.8M |
| EPS (diluted) | −$45.75 | −$33.23 | −$79.36 | −$145.94 | −$374.76 | −$0.05 | −$0.74 |
| Gross margin | −13.5% | 21.0% | 23.3% | 39.7% | 27.0% | 67.0% | — |
| Operating margin | −26.8% | −26.3% | −66.2% | −141.4% | −211.6% | −13,475.5% | — |
| Net margin | −338.7% | −26.7% | −75.0% | −156.9% | −236.6% | −13,367.9% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.7M | $7.3M | $9.4M | $9.7M | $14.8M | $11.8M | $13.3M | $12.5M | $15.7M | $18.0M | $18.0M | $17.3M |
| Cost of revenue | $14.7M | $7.9M | $12.0M | $9.4M | $12.0M | $8.9M | $10.7M | $9.6M | $12.5M | $14.2M | $14.5M | $12.4M |
| Gross profit | −$1.0M | −$594,000 | −$2.6M | $335,000 | $2.8M | $2.9M | $2.6M | $2.8M | $3.2M | $3.9M | $3.5M | $4.9M |
| Research & development | — | — | — | — | $73,000 | $113,000 | $191,000 | $118,000 | $62,000 | $47,000 | $25,000 | $8,000 |
| Sales, general & admin | $1.0M | $4.4M | $1.8M | $2.8M | $4.9M | $3.3M | $7.8M | $5.3M | $5.4M | $4.5M | $5.6M | $4.5M |
| Total operating expenses | $1.0M | $649,000 | $1.8M | $3.6M | $5.4M | $3.9M | $8.6M | $6.5M | $6.7M | $6.3M | $10.9M | $5.5M |
| Operating income | −$2.1M | −$1.2M | −$4.4M | −$3.3M | −$2.6M | −$977,000 | −$5.9M | −$3.7M | −$3.5M | −$2.5M | −$7.4M | −$540,000 |
| Interest expense | $89,000 | $66,000 | $35,000 | $61,000 | $80,000 | $51,000 | $189,000 | $27,000 | — | $22,000 | $25,000 | $16,000 |
| Income before taxes | −$24.4M | −$36.7M | −$110.0M | −$3.6M | −$2.5M | −$720,000 | −$6.2M | −$4.0M | −$2.7M | −$3.2M | −$7.5M | $579,000 |
| Income taxes | $258,000 | −$9,000 | −$54,000 | $18,000 | −$48,000 | $38,000 | −$106,000 | −$164,000 | −$35,000 | $128,000 | −$381,000 | −$51,000 |
| Net income | −$24.6M | −$36.7M | −$109.9M | −$6.7M | −$2.4M | −$758,000 | −$6.1M | −$3.8M | −$2.6M | −$3.4M | −$10.1M | $1.2M |
| EBITDA | −$2.1M | −$1.2M | −$4.4M | −$3.3M | −$2.1M | −$487,000 | −$5.8M | −$3.7M | −$2.9M | −$3.1M | −$7.2M | $901,000 |
| EPS (diluted) | −$2.47 | −$3.68 | −$34.29 | −$4.93 | −$4.54 | −$1.99 | −$0.42 | −$8.37 | −$9.68 | −$14.76 | −$31.98 | −$1.94 |
| Gross margin | −7.6% | −8.2% | −27.9% | 3.4% | 19.1% | 24.5% | 19.8% | 22.8% | 20.2% | 21.4% | 19.4% | 28.5% |
| Operating margin | −15.1% | −17.1% | −47.3% | −33.5% | −17.3% | −8.3% | −44.5% | −29.6% | −22.6% | −13.8% | −41.1% | −3.1% |
| Net margin | −180.2% | −504.0% | −1,175.1% | −68.3% | −16.3% | −6.4% | −46.0% | −30.3% | −16.8% | −18.7% | −56.2% | 7.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ZSTK's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ZSTK financial results
In fiscal year 2025 (ended December 31, 2025), ZeroStack reported revenue of $35.7 million, down 40.0% from the year before. It had a net loss of $120.9 million, a net profit margin of −338.7%. Diluted earnings per share came to −$45.75. Over five years revenue grew at an average rate of 220.2% a year.
See the ZSTK stock overview for the latest quote and news, or the ZSTK chart for price history and technical indicators.
ZSTK income statement FAQ
What is ZeroStack's annual revenue?
ZeroStack reported total revenue of $35.7 million for fiscal year 2025, which ended on December 31, 2025. That was down 40.0% from $59.5 million the previous year.
Is ZeroStack profitable?
No. ZeroStack reported a net loss of $120.9 million in fiscal 2025, a net profit margin of −338.7%; its operating margin was −26.8%.
What is ZeroStack's gross margin?
ZeroStack's gross margin was −13.5% in fiscal 2025: for every $100 of revenue, ZeroStack kept $-14 after the direct cost of its products and services.
How much does ZeroStack spend on research and development?
ZeroStack spent $0.2 million on research and development in fiscal 2025, 0.7% of revenue.
How fast is ZeroStack growing?
Revenue grew 220.2% a year on average over the last five fiscal years, from $0.1 million to $35.7 million.
What are ZeroStack's earnings per share?
ZeroStack earned $-45.75 per diluted share in fiscal 2025, compared with $-33.23 a year earlier.
When will ZeroStack report its next earnings?
ZeroStack is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does ZeroStack's fiscal year end?
ZeroStack's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.