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| Date | Value |
|---|---|
| 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 |