ZeroStack (ZSTK) Operating Expenses (2022 - 2026)

ZeroStack (ZSTK) recorded quarterly Operating Expenses of $65.8 million in Q1 2026, down 55.96% quarter-over-quarter from $149.4 million in Q4 2025, and up 2954.74% on a YoY basis from $2.2 million in Q1 2025.

ZeroStack (ZSTK) Operating Expenses (2022 - 2026) Analysis & Trends

ZeroStack's Operating Expenses history runs 5 years deep, the most recent figure standing at $65.8 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 2954.74% year-over-year to $65.8 million; the TTM figure through Mar 2026 stood at $224.2 million (up 1350.26% YoY), while the FY2025 annual figure was $156.3 million, up 1305.46% from the prior year.
  • Operating Expenses was $65.8 million for Q1 2026 at ZeroStack, down from $149.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $149.4 million in Q4 2025 to a low of $2.2 million in Q1 2025.
  • Historically, Operating Expenses has averaged $22.1 million across 5 years, with a median of $7.7 million in 2023.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 84.77% in 2024, then surged 3645.3% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $18.1 million in 2022, then slumped by 39.77% to $10.9 million in 2023, then tumbled by 63.31% to $4.0 million in 2024, then soared by 3645.3% to $149.4 million in 2025, then plunged by 55.96% to $65.8 million in 2026.
  • The last three Operating Expenses figures came in at $65.8 million (Q1 2026), $149.4 million (Q4 2025), and $3.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 ZeroStack 42,022.76 -2.26 Mn 3.15 Mn 65.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 65.80 Mn
Dec 31, 2025 149.40 Mn
Sep 30, 2025 3.60 Mn
Jun 30, 2025 5.40 Mn
Mar 31, 2025 2.15 Mn
Dec 31, 2024 3.99 Mn
Sep 30, 2024 2.61 Mn
Jun 30, 2024 6.71 Mn
Mar 31, 2024 6.34 Mn
Dec 31, 2023 10.87 Mn
Sep 30, 2023 5.48 Mn
Jun 30, 2023 44.02 Mn
Mar 31, 2023 7.72 Mn
Dec 31, 2022 18.05 Mn
Sep 30, 2022 9.06 Mn
Jun 30, 2022 24.84 Mn
Mar 31, 2022 10.33 Mn