Valuation for ZSTK - findataslice

	ZeroStack Corp. (ZSTK)
	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014
Balance Sheet Date		2025-Dec-31	2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31	2023-Sep-30	2023-Jun-30	2023-Mar-31	2022-Dec-31
Fiscal Period		Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023	Q3-FY2023	Q2-FY2023	Q1-FY2023	Q4-FY2022
Close Price of Common Stock	8.71$
Market Cap of Common Stock	6,452,677$
QoQ%
YoY%
Common Shares Outstanding	2,430,808	1,046,000	712,000	22,569,000	19,436,000	478,000	13,367,000	13,367,000	8,981,000	8,935,000	8,216	6,859,000	136,938	6,776,000	3,831	3,836		65,517
QoQ%	132.39%	46.91%	(96.85%)	16.12%	3,966.11%	(96.42%)	.00%	48.84%	.52%	108,651.22%	(99.88%)	4,908.84%	(97.98%)	176,772.88%	(.13%)
YoY%	(87.49%)	118.83%	(94.67%)	68.84%	116.41%	(94.65%)	162,594.74%	94.88%	6,458.44%	31.86%	114.46%	178,706.05%		10,242.35%
Price to Sales	.14x
Price to Earnings	-
Price to Book	.09x
Total Revenue		9,353,000$	9,748,000$	14,796,000$	11,786,000$	7,646,000$	7,238,000$	15,683,000$	18,031,000$	17,975,000$	17,317,000$	21,460,000$	19,319,000$	10,550,000$	9,707,000$	8,943,000$	4,946,000$
QoQ%		(4.05%)	(34.12%)	25.54%	54.15%	5.64%	(53.85%)	(13.02%)	.31%	3.80%	(19.31%)	11.08%	83.12%	8.68%	8.54%	80.81%
YoY%		22.33%	34.68%	(5.66%)	(34.64%)	(57.46%)	(58.20%)	(26.92%)	(6.67%)	70.38%	78.40%	139.96%	290.60%
TTM		45,683,000$	43,976,000$	41,466,000$	42,353,000$	48,598,000$	58,927,000$	69,006,000$	74,783,000$	76,071,000$	68,646,000$	61,036,000$	48,519,000$	34,146,000$
TTM_QoQ%		3.88%	6.05%	(2.09%)	(12.85%)	(17.53%)	(14.61%)	(7.73%)	(1.69%)	10.82%	12.47%	25.80%	42.09%
TTM_YoY%		(6.00%)	(25.37%)	(39.91%)	(43.37%)	(36.12%)	(14.16%)	13.06%	54.13%	122.78%
Gross Margin		1.71%	3.44%	19.13%	24.50%	3.74%	6.84%	20.19%	21.37%	19.42%	28.54%	18.45%	27.67%	28.64%	48.24%	37.11%	53.98%
QoQ		(1.73%)	(15.69%)	(5.38%)	20.76%	(3.10%)	(13.36%)	(1.18%)	1.96%	(9.12%)	10.09%	(9.22%)	(.96%)	(19.61%)	11.13%	(16.87%)
YoY		(2.03%)	(3.40%)	(1.07%)	3.13%	(15.68%)	(21.70%)	1.74%	(6.30%)	(9.22%)	(19.71%)	(18.66%)	(26.31%)
Operating Income		(149,240,000$)	(3,266,000$)	(2,566,000$)	(977,000$)	(3,703,000$)	(2,116,000$)	(3,538,000$)	(2,485,000$)	(7,383,000$)	(540,000$)	(40,061,000$)	(2,370,000$)	(15,031,000$)	(4,374,000$)	(21,520,000$)	(7,662,000$)
QoQ%		(4,469.50%)	(27.28%)	(162.64%)	73.62%	(75.00%)	40.19%	(42.37%)	66.34%	(1,267.22%)	98.65%	(1,590.34%)	84.23%	(243.64%)	79.68%	(180.87%)
YoY%		(3,930.25%)	(54.35%)	27.47%	60.68%	49.84%	(291.85%)	91.17%	(4.85%)	50.88%	87.65%	(86.16%)	69.07%
TTM		(156,049,000$)	(10,512,000$)	(9,362,000$)	(10,334,000$)	(11,842,000$)	(15,522,000$)	(13,946,000$)	(50,469,000$)	(50,354,000$)	(58,002,000$)	(61,836,000$)	(43,295,000$)	(48,587,000$)
TTM_QoQ%		(1,384.48%)	(12.28%)	9.41%	12.73%	23.71%	(11.30%)	72.37%	(.23%)	13.19%	6.20%	(42.83%)	10.89%
TTM_YoY%		(1,217.76%)	32.28%	32.87%	79.52%	76.48%	73.24%	77.45%	(16.57%)	(3.64%)
Operating Margin		(1,595.64%)	(33.50%)	(17.34%)	(8.29%)	(48.43%)	(29.24%)	(22.56%)	(13.78%)	(41.07%)	(3.12%)	(186.68%)	(12.27%)	(142.47%)	(45.06%)	(240.64%)	(154.91%)
QoQ		(1,562.13%)	(16.16%)	(9.05%)	40.14%	(19.20%)	(6.68%)	(8.78%)	27.29%	(37.96%)	183.56%	(174.41%)	130.21%	(97.41%)	195.58%	(85.72%)
YoY		(1,547.21%)	(4.27%)	5.22%	5.49%	(7.36%)	(26.12%)	164.12%	(1.51%)	101.40%	41.94%	53.96%	142.65%
Net Income		(109,903,000$)	(6,659,000$)	(2,412,000$)	(758,000$)	(6,076,000$)	(3,800,000$)	(2,657,000$)	(3,374,000$)	(9,008,000$)	1,122,000$	(44,556,000$)	(3,905,000$)	(12,916,000$)	(7,411,000$)	(24,672,000$)	(7,630,000$)
QoQ%		(1,550.44%)	(176.08%)	(218.21%)	87.53%	(59.90%)	(43.02%)	21.25%	62.54%	(902.85%)	102.52%	(1,041.00%)	69.77%	(74.28%)	69.96%	(223.36%)
YoY%		(1,708.81%)	(75.24%)	9.22%	77.53%	32.55%	(438.68%)	94.04%	13.60%	30.26%	115.14%	(80.59%)	48.82%
TTM		(119,732,000$)	(15,905,000$)	(13,046,000$)	(13,291,000$)	(15,907,000$)	(18,839,000$)	(13,917,000$)	(55,816,000$)	(56,347,000$)	(60,255,000$)	(68,788,000$)	(48,904,000$)	(52,629,000$)
TTM_QoQ%		(652.80%)	(21.92%)	1.84%	16.45%	15.56%	(35.37%)	75.07%	.94%	6.49%	12.41%	(40.66%)	7.08%
TTM_YoY%		(652.70%)	15.57%	6.26%	76.19%	71.77%	68.74%	79.77%	(14.13%)	(7.07%)
Profit Margin		(1,175.06%)	(68.31%)	(16.30%)	(6.43%)	(79.47%)	(52.50%)	(16.94%)	(18.71%)	(50.11%)	6.48%	(207.62%)	(20.21%)	(122.43%)	(76.35%)	(275.88%)	(154.27%)
QoQ		(1,106.75%)	(52.01%)	(9.87%)	73.04%	(26.97%)	(35.56%)	1.77%	31.40%	(56.59%)	214.10%	(187.41%)	102.21%	(46.08%)	199.53%	(121.62%)
YoY		(1,095.59%)	(15.81%)	.64%	12.28%	(29.35%)	(58.98%)	190.68%	1.50%	72.31%	82.83%	68.26%	134.05%
Equity to Common Shareholders		70,552,000$	64,920,000$	4,023,000$	4,758,000$	4,510,000$	4,250,000$	7,309,000$	3,138,000$	6,404,000$	14,323,000$	10,934,000$	54,052,000$	56,823,000$	54,513,000$	62,817,000$	85,091,000$	77,166,000$
QoQ		5,632,000$	60,897,000$	(735,000$)	248,000$	260,000$	(3,059,000$)	4,171,000$	(3,266,000$)	(7,919,000$)	3,389,000$	(43,118,000$)	(2,771,000$)	2,310,000$	(8,304,000$)	(22,274,000$)	7,925,000$
QoQ%		8.68%	1,513.72%	(15.45%)	5.50%	6.12%	(41.85%)	132.92%	(51.00%)	(55.29%)	31.00%	(79.77%)	(4.88%)	4.24%	(13.22%)	(26.18%)	10.27%
YoY		66,042,000$	60,670,000$	(3,286,000$)	1,620,000$	(1,894,000$)	(10,073,000$)	(3,625,000$)	(50,914,000$)	(50,419,000$)	(40,190,000$)	(51,883,000$)	(31,039,000$)	(20,343,000$)
YoY%		1,464.35%	1,427.53%	(44.96%)	51.63%	(29.58%)	(70.33%)	(33.15%)	(94.19%)	(88.73%)	(73.73%)	(82.59%)	(36.48%)	(26.36%)
Dividends Paid
Additional Paid-In Capital QoQ		115,551,000$	67,527,000$	1,230,000$	981,000$	6,796,000$	397,000$	6,807,000$	(222,000$)	(764,000$)	(869,000$)	323,000$	(17,000$)
Treasury Stock
QoQ
Goodwill				4,698,000$	4,526,000$	2,006,000$	2,150,000$	2,293,000$					23,372,000$	23,372,000$				19,675,000$
QoQ%				3.80%	125.62%	(6.70%)	(6.24%)						.00%
YoY%				104.88%										16.55%
Other Intangible Assets				2,718,000$	2,684,000$	2,746,000$	3,778,000$	4,031,000$	908,000$	946,000$	5,422,000$	5,717,000$	17,470,000$	17,739,000$				9,736,000$
QoQ				34,000$	(62,000$)	(1,032,000$)	(253,000$)	3,123,000$	(38,000$)	(4,476,000$)	(295,000$)	(11,753,000$)	(269,000$)
Amortization of Intangible Assets				100,000$	161,000$	197,000$	200,000$	100,000$	100,000$	219,000$	300,000$	800,000$	800,000$	541,000$	500,000$	300,000$
Total Assets		130,235,000$	74,016,000$	22,667,000$	22,395,000$	26,227,000$	29,284,000$	30,083,000$	24,274,000$	23,626,000$	31,600,000$	30,479,000$	77,040,000$	80,987,000$				85,479,000$
QoQ		56,219,000$	51,349,000$	272,000$	(3,832,000$)	(3,057,000$)	(799,000$)	5,809,000$	648,000$	(7,974,000$)	1,121,000$	(46,561,000$)	(3,947,000$)
YoY		104,008,000$	44,732,000$	(7,416,000$)	(1,879,000$)	2,601,000$	(2,316,000$)	(396,000$)	(52,766,000$)	(57,361,000$)				(4,492,000$)
Total Liabilities		59,683,000$	9,096,000$	18,644,000$	17,637,000$	21,717,000$	24,097,000$	21,810,000$	21,136,000$	17,222,000$	18,478,000$	20,251,000$	23,428,000$	24,575,000$				8,538,000$
QoQ		50,587,000$	(9,548,000$)	1,007,000$	(4,080,000$)	(2,380,000$)	2,287,000$	674,000$	3,914,000$	(1,256,000$)	(1,773,000$)	(3,177,000$)	(1,147,000$)
YoY		37,966,000$	(15,001,000$)	(3,166,000$)	(3,499,000$)	4,495,000$	5,619,000$	1,559,000$	(2,292,000$)	(7,353,000$)				16,037,000$
Current Ratio		1.01x	2.08x	.96x	1.05x	1.05x	1.02x	1.16x	1.13x	1.31x	1.44x	1.25x	1.80x	1.79x				7.84x
Total Current Assets		8,716,000$	18,090,000$	13,197,000$	13,217,000$	19,763,000$	21,288,000$	21,362,000$	21,767,000$	21,364,000$	23,857,000$	22,262,000$	27,879,000$	31,155,000$				47,943,000$
QoQ		(9,374,000$)	4,893,000$	(20,000$)	(6,546,000$)	(1,525,000$)	(74,000$)	(405,000$)	403,000$	(2,493,000$)	1,595,000$	(5,617,000$)	(3,276,000$)
Total Current Liabilities		8,628,000$	8,697,000$	13,808,000$	12,590,000$	18,832,000$	20,893,000$	18,384,000$	19,319,000$	16,280,000$	16,582,000$	17,827,000$	15,499,000$	17,447,000$				6,119,000$
QoQ		(69,000$)	(5,111,000$)	1,218,000$	(6,242,000$)	(2,061,000$)	2,509,000$	(935,000$)	3,039,000$	(302,000$)	(1,245,000$)	2,328,000$	(1,948,000$)
Debt to Asset Ratio		.46x	.12x	.82x	.79x	.83x	.82x	.72x	.87x	.73x	.58x	.66x	.30x	.30x				.10x
Long Term Debt		50,767,000$	64,000$	326,000$	275,000$	2,080,000$
QoQ		50,703,000$	(262,000$)	51,000$	(1,805,000$)
YoY		48,687,000$
Capital Lease Obligations		442,000$	484,000$	2,798,000$	2,954,000$	2,820,000$	3,065,000$	3,199,000$	2,620,000$		2,002,000$	2,177,000$
Cash and Cash Equivalents		5,596,000$	13,100,000$	1,471,000$	3,676,000$	5,223,000$	4,209,000$	6,127,000$	4,156,000$	4,350,000$	4,763,000$	1,782,000$	5,259,000$	8,935,000$				37,614,000$
QoQ		(7,504,000$)	11,629,000$	(2,205,000$)	(1,547,000$)	1,014,000$	(1,918,000$)	1,971,000$	(194,000$)	(413,000$)	2,981,000$	(3,477,000$)	(3,676,000$)
YoY		373,000$	8,891,000$	(4,656,000$)	(480,000$)	873,000$	(554,000$)	4,345,000$	(1,103,000$)	(4,585,000$)				(28,679,000$)
Interest Expenses		79,000$	61,000$	96,000$	51,000$	191,000$	26,000$	0$	22,000$	25,000$	15,000$	77,000$	23,000$	0$	8,000$	0$	21,000$
Interest Income		0$	0$	0$	0$	189,000$	27,000$	(25,000$)	22,000$	25,000$	15,000$	31,000$	23,000$	(141,000$)	76,000$	52,000$	17,000$