ZeroStack (ZSTK) Operating Expenses (2022 - 2026)
ZeroStack (ZSTK) posted Operating Expenses of $25.9 million for Q2 2026, down 60.71% on a QoQ basis from $65.8 million in Q1 2026, and up 1111.43% year-over-year from $2.1 million in Q2 2025.
Analysis
ZeroStack (ZSTK) Operating Expenses (2022 - 2026) Analysis & Trends
ZeroStack has reported Operating Expenses for 5 years, with the latest figure at $25.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 1111.43% year-over-year to $25.9 million in Q2 2026; TTM through Jun 2026 was $244.7 million, a 1484.64% increase from a year earlier, with the FY2025 full-year figure at $156.3 million, up 1305.46% from the prior year.
- Operating Expenses was $25.9 million for Q2 2026 at ZeroStack, down from $65.8 million in the prior quarter.
- The five-year high for Operating Expenses was $149.4 million in Q4 2025, with the low at $2.1 million in Q2 2025.
- Average Operating Expenses over 5 years is $23.3 million, with a median of $9.1 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 84.77% in 2024, then soared 3645.3% in 2025.
- Over 5 years, Operating Expenses stood at $18.1 million in 2022, then sank by 39.77% to $10.9 million in 2023, then slumped by 63.31% to $4.0 million in 2024, then jumped by 3645.3% to $149.4 million in 2025, then sank by 82.7% to $25.9 million in 2026.
- The last three Operating Expenses figures came in at $25.9 million (Q2 2026), $65.8 million (Q1 2026), and $149.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 104.59 Bn | 99.42 Bn | 3.69 Bn | 2.37 Bn |
| 2 | Cencora | 62.07 Bn | 59.25 Bn | 3.61 Bn | 2.28 Bn |
| 3 | Cardinal Health | 55.70 Bn | 50.84 Bn | 2.56 Bn | 1.67 Bn |
| 4 | Henry Schein | 9.91 Bn | 9.75 Bn | 1.10 Bn | 563.00 Mn |
| 5 | ZeroStack | 48.41 Mn | 45.45 Mn | 1.62 Mn | 25.85 Mn |
| 6 | 111 | 30.02 Mn | -24.35 Mn | 18.18 Mn | -345.25 Mn |
| 7 | Guardian Pharmacy Services | 5.58 Mn | -84.23 Mn | 80.04 Mn | 59.40 Mn |
| 8 | Ridgetech | 4.83 Mn | -13.18 Mn | - | - |
| 9 | DataMeds AI | 1.85 Mn | 1.80 Mn | 170,221.00 | 6.19 Mn |
| 10 | MedWellAI | 1.47 Mn | 1.32 Mn | - | 846,615.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.85 Mn |
| Mar 31, 2026 | 65.80 Mn |
| Dec 31, 2025 | 149.40 Mn |
| Sep 30, 2025 | 3.60 Mn |
| Jun 30, 2025 | 2.13 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 |