Filing Flows › ZeroStack (ZSTK) › Q1 2026
ZeroStack (ZSTK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
ZeroStack (ZSTK) reported revenue of $7.3M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -22% from the quarter before. Operating margin was -861.3%, net loss $36.7M (504.0% of revenue).
ZeroStack, Q1 2026: revenue $7.3M (+6% year over year), operating margin -861.3%, net loss $36.7M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | -22% | +6% |
| Operating profit | −$62.7M | — | — |
| Net earnings | −$36.7M | — | — |
| Operating cash flow | −$3.8M | — | — |
What changed
Revenue was $7.3M in Q1 2026, up 6% year over year and down 22% from the previous quarter.
Gross margin was 43.2%, up 35.5 points from Q1 2025. Operating costs exceeded revenue by $62.7M, an operating margin of -861.3%. Operating expenses grew 2955% against revenue growth of 6%. The quarter ended with a net loss of $36.7M, narrower than the previous quarter's $109.9M loss. Non-operating items added $26.0M, -71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.8M. Non-cash charges added back $4K of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $30.0M.
Questions
What was ZeroStack's revenue in the first quarter 2026?
ZeroStack (ZSTK) reported revenue of $7.3M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -22% from the quarter before.
Was ZeroStack profitable in the first quarter 2026?
Operating loss was $62.7M (-861.3% of revenue) and net loss $36.7M.
Source: ZeroStack 10-Q on SEC EDGAR.