ZeroStack (ZSTK) Balance Sheet: Assets & Liabilities

ZeroStack (ZSTK) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), ZeroStack reported total assets of $130.24M and total liabilities of $59.68M. Shareholders' equity was $70.55M, up 1464.3% from $4.51M a year earlier. Total debt stood at $53.93M against $5.62M in cash and short-term investments, a net debt position of $48.31M. That puts debt-to-equity at 0.76, compared with 0.91 a year earlier.

ZeroStack Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for ZeroStack Corp. (ZSTK) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019
Current Assets
Cash and Cash Equivalents	5.62	5.22	4.35	8.94	8.94	37.61	37.61	15.52	0.14
Cash & Short-Term Investments	5.62	5.22	4.35	8.94	8.94	37.61	37.61	15.52	0.14
Accounts Receivable	0.80	5.81	7.10	8.96	2.90	5.60	5.60	1.22	0.00
Inventory	1.90	2.24	8.51	8.75	8.75	3.03	3.03	0.54	0.00
Other Current Assets	0.40	0.01	1.40	4.51	0.81	1.70	1.70	0.35	0.32
Total Current Assets	8.72	19.76	21.36	31.16	31.16	47.94	47.94	17.63	0.46
Non-Current Assets
Property, Plant & Equipment (Net)	0.51	0.26	1.24	3.34	3.34	4.98	4.98	0.73	0.44
Long-Term Investments	120.95	0.00	0.00	0.73	0.73	2.67	2.67	0.00	0.00
Goodwill	0.00	2.01	0.00	23.37	23.37	20.05	20.05	0.43	0.00
Intangible Assets	0.00	2.75	0.95	17.74	17.74	9.74	9.74	0.66	0.28
Other Non-Current Assets	0.06	6.21	0.08	4.66	4.66	0.10	0.10	0.00	0.00
Total Non-Current Assets	121.52	6.46	2.26	49.83	49.83	37.54	37.54	1.82	0.71
Total Assets	130.24	26.23	23.63	80.99	80.99	85.48	85.48	19.45	1.17
Current Liabilities
Accounts Payable	2.33	3.57	5.11	7.83	7.83	2.42	2.42	1.81	0.33
Short-Term Debt	2.89	2.08	2.73	2.20	1.09	0.43	0.02	0.33	1.08
Current Portion of Long-Term Debt	2.72	2.08	1.93	-	1.09	-	0.02	0.25	-
Accrued Liabilities	2.25	1.17	1.84	-	1.76	-	1.24	0.02	-
Other Current Liabilities	3.42	11.88	8.44	7.41	5.65	3.27	2.03	0.61	0.82
Total Current Liabilities	8.63	18.83	16.28	17.45	17.45	6.12	6.12	2.74	2.23
Non-Current Liabilities
Long-Term Debt	51.05	2.03	0.94	1.56	1.56	0.91	0.91	0.32	0.25
Deferred Tax Liabilities	0.01	0.86	0.00	1.71	1.71	1.51	1.51	0.14	0.00
Other Non-Current Liabilities	0.00	2.76	0.00	3.86	3.55	0.00	-	0.00	0.00
Total Non-Current Liabilities	51.06	2.89	0.94	7.13	7.13	2.42	2.42	0.46	0.25
Total Liabilities	59.68	21.72	17.22	24.58	24.58	8.54	8.54	3.20	2.48
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	-	0.00	-	27.25	1.40
Retained Earnings	-277.79	-158.14	-142.55	-90.87	-90.87	-38.54	-38.54	-17.29	-2.82
Accumulated Other Comprehensive Income	0.18	-0.22	-0.14	-2.73	-2.73	-1.11	-1.11	0.04	0.02
Additional Paid-in Capital	348.16	162.87	149.09	150.42	150.42	116.81	116.81	6.36	0.11
Minority Interest	0.00	0.00	0.00	-0.41	-0.41	-0.23	-0.23	-0.11	-0.01
Shares Outstanding	1.05	0.47	0.23	-	0.17	-	0.08	-	-
Total Stockholders' Equity	70.55	4.51	6.40	56.82	56.82	77.17	76.94	16.36	-1.29
Total Liabilities & Equity	130.24	26.23	23.63	80.99	80.99	85.48	85.48	19.45	1.17

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About ZeroStack Balance Sheet

How much debt does ZeroStack have?

ZeroStack had total debt of $53.93M as of Dec 31, 2025, against $5.62M in cash and short-term investments. Its debt-to-equity ratio was 0.76. Total debt was $4.11M a year earlier.

What are ZeroStack's total assets?

ZeroStack reported total assets of $130.24M as of Dec 31, 2025, up 396.6% from $26.23M a year earlier. Total liabilities were $59.68M.

What is ZeroStack's shareholders' equity?

ZeroStack's shareholders' equity was $70.55M as of Dec 31, 2025, or about $67.47 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition