Filing Flows › ZeroStack (ZSTK) › Q2 2025
ZeroStack (ZSTK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
ZeroStack (ZSTK) reported revenue of $14.8M for the second quarter 2025 (Q2 2025), -6% from a year earlier and +26% from the quarter before. Operating margin was -17.3%, net loss $2.4M (16.3% of revenue).
ZeroStack, Q2 2025: revenue $14.8M (-6% year over year), operating margin -17.3%, net loss $2.4M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.8M | +26% | -6% |
| Operating profit | −$2.6M | — | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | −$2.9M | — | — |
What changed
Revenue was $14.8M in Q2 2025, down 6% year over year and up 26% from the previous quarter.
Gross margin was 19.1%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $2.6M, an operating margin of -17.3%. Operating expenses fell 20% while revenue fell 6%. The fastest-growing cost line was General & admin (+29%). The quarter ended with a net loss of $2.4M, wider than the previous quarter's $758K loss.
Operating cash flow was −$2.9M. Non-cash charges added back $195K of depreciation and amortization and $172K of share-based compensation. Working capital and other items used $843K. Capital expenditures of $65K exceeded it, leaving free cash flow of −$3.0M.
Questions
What was ZeroStack's revenue in the second quarter 2025?
ZeroStack (ZSTK) reported revenue of $14.8M for the second quarter 2025 (Q2 2025), -6% from a year earlier and +26% from the quarter before.
Was ZeroStack profitable in the second quarter 2025?
Operating loss was $2.6M (-17.3% of revenue) and net loss $2.4M.
Source: ZeroStack 10-Q on SEC EDGAR.