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ZeroStack (ZSTK) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 24, 2025

ZeroStack (ZSTK) reported revenue of $13.3M for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and +7% from the quarter before. Operating margin was -44.5%, net loss $6.1M (45.6% of revenue).

Revenue$13.3M
Year over year-26%
Quarter over quarter+7%
Operating margin-44.5%
Net earnings−$6.1M

ZeroStack, Q4 2024: revenue $13.3M (-26% year over year), operating margin -44.5%, net loss $6.1M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$13.3M+7%-26%
Operating profit−$5.9M——
Net earnings−$6.1M——
Operating cash flow−$1.3M——

What changed

Revenue was $13.3M in Q4 2024, down 26% year over year and up 7% from the previous quarter.

Gross margin was 19.8%, up 0.4 points from a year earlier. Operating costs exceeded revenue by $5.9M, an operating margin of -44.5%. Operating expenses fell 21% while revenue fell 26%. The fastest-growing cost line was Research & development (+664%). The quarter ended with a net loss of $6.1M, wider than the previous quarter's $3.8M loss.

Operating cash flow was −$1.3M. Non-cash charges added back $211K of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $2.3M.

Questions

What was ZeroStack's revenue in the fourth quarter 2024?

ZeroStack (ZSTK) reported revenue of $13.3M for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and +7% from the quarter before.

Was ZeroStack profitable in the fourth quarter 2024?

Operating loss was $5.9M (-44.5% of revenue) and net loss $6.1M.

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Source: ZeroStack 10-K on SEC EDGAR.