ZeroStack Corp. (ZSTK) Financial Statements (2026 and earlier)

Company Profile

Business Address 40 KING STREET WEST
TORONTO, M5H 3Y2
State of Incorp. ON
Fiscal Year End December 31
Industry (SIC) 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,5966,0174,3509,537
Cash and cash equivalent5,5966,0174,3509,537
Restricted cash and investments253535 
Receivables7993,0613,9506,851
Inventory, net of allowances, customer advances and progress billings1,8975,7718,50810,089
Inventory1,8975,7718,50810,089
Other undisclosed current assets3994,8794,5214,678
Total current assets:8,71619,76321,36431,155
Noncurrent Assets
Operating lease, right-of-use asset3861,2973892,537
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization1283128474,810
Intangible asset, including goodwill, after accumulated amortization, including:  4,75294641,468
Goodwill  2,006(23,372)23,372
Intangible asset, excluding goodwill, after accumulated amortization  2,74694618,096
Other undisclosed intangible asset, including goodwill, after accumulated amortization   23,372 
Other noncurrent assets5510380 
Other undisclosed noncurrent assets120,950  1,017
Total noncurrent assets:121,5196,4642,26249,832
TOTAL ASSETS:130,23526,22723,62680,987
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5288,1906,9557,748
Accounts payable2,3285,4645,1117,748
Accrued liabilities1,2002,7261,844 
Debt2,7222,0801,9311,086
Business combination, contingent consideration, liability  8351,095 
Other liabilities   799 
Other undisclosed current liabilities2,3787,7275,5008,613
Total current liabilities:8,62818,83216,28017,447
Noncurrent Liabilities
Long-term debt and lease obligation50,767   
Long-term debt, excluding current maturities50,767   
Liabilities, other than long-term debt2882,8859423,581
Deferred income tax liabilities 9856 1,712
Operating lease, liability2792,0299421,869
Other undisclosed noncurrent liabilities    3,547
Total noncurrent liabilities:51,0552,8859427,128
Total liabilities:59,68321,71717,22224,575
Commitments and contingencies1,1676,9365,5005,044
Temporary equity, including noncontrolling interest(1,167)(6,936)(5,500)(5,044)
Equity
Equity, attributable to parent70,5524,5106,40456,823
Additional paid in capital348,160162,871149,093150,420
Accumulated other comprehensive income (loss)180(221)(140)(2,732)
Accumulated deficit(277,788)(158,140)(142,549)(90,865)
Equity, attributable to noncontrolling interest    (411)
Total equity:70,5524,5106,40456,412
TOTAL LIABILITIES AND EQUITY:130,23526,22723,62680,987

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Revenues35,67659,50576,07137,171
Cost of revenue
(Cost of Product and Service Sold)		(34,027)(47,008)(58,333)(22,757)
Gross profit:1,64912,49717,73814,414
Operating expenses(156,301)(28,142)(68,092)(67,721)
Operating loss:(154,652)(15,645)(50,354)(53,307)
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)		41(485)158323
Interest and debt expense1,612 (236)(1,607)
Other undisclosed income from continuing operations before equity method investments, income taxes    
Loss from continuing operations before equity method investments, income taxes:(152,999)(16,130)(50,432)(54,591)
Other undisclosed income from continuing operations before income taxes37,648462,135424
Loss from continuing operations before income taxes:(115,351)(16,084)(48,297)(54,167)
Income tax expense (benefit)(59)1771,6281,538
Loss from continuing operations:(115,410)(15,907)(46,669)(52,629)
Loss from discontinued operations(4,322) (9,678) 
Other undisclosed net income    105,258
Net income (loss):(119,732)(15,907)(56,347)52,629
Net loss attributable to noncontrolling interest   (689) 
Other undisclosed net loss attributable to parent    (105,258)
Net loss available to common stockholders, diluted:(119,732)(15,907)(57,036)(52,629)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Net income (loss):(119,732)(15,907)(56,347)52,629
Other comprehensive loss    (300)
Other undisclosed comprehensive income (loss) (81)2,592(106,582)
Comprehensive loss:(119,732)(15,988)(53,755)(54,253)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (689)214
Other undisclosed comprehensive income, net of tax, attributable to parent401   
Comprehensive loss, net of tax, attributable to parent:(119,331)(15,988)(54,444)(54,039)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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