Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $8.98M | $33.4M | $76.1M | $35.9M | $35.7M |
| Revenue growth | — | 271.9% | 127.8% | -52.9% | -0.5% |
| Gross profit | $2.42M | $13.3M | $17.7M | $2.20M | $1.65M |
| Gross margin | 27.0% | 39.7% | 23.3% | 6.1% | 4.6% |
| Operating income | -$19.0M | -$47.2M | -$50.4M | -$8.93M | -$155M |
| Operating margin | -211.6% | -141.4% | -66.2% | -24.9% | -433.5% |
| Net income | $21.4M | -$52.6M | -$56.3M | -$15.9M | -$120M |
| Net margin | 237.9% | -157.6% | -74.1% | -44.4% | -335.6% |
| EPS (diluted) | — | -$13.68 | -$7.75 | -$50.02 | -$43.49 |
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$20.9M | -$15.9M | -$8.40M | -$5.03M | -$8.68M |
| Capital expenditures | $3.98M | $1.29M | $163K | $134K | $127K |
| Free cash flow | -$24.9M | -$17.2M | -$8.56M | -$5.17M | -$8.80M |
| Share buybacks | $0.00 | $255K | $0.00 | — | — |
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $37.6M | $8.94M | $4.35M | $5.22M | $5.60M |
| Total assets | $85.5M | $81.0M | $23.6M | $26.2M | $130M |
| Total liabilities | $8.54M | $24.6M | $17.2M | $21.7M | $59.7M |
| Long-term debt | — | — | — | $0.00 | $50.8M |
| Shareholders' equity | $77.2M | $56.8M | $6.40M | $4.51M | $70.6M |
| Retained earnings | -$38.5M | -$90.9M | -$143M | -$158M | -$278M |
| Shares (wtd avg diluted) | 65.5B | 3.83B | 7.36B | 318M | 2.75B |
Every figure is extracted from ZeroStack Corp.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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