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ZeroStack (ZSTK) investor relations material
ZeroStack Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q2 2026 was $13.7M, up from $9.7M in Q2 2025, driven by pharmaceutical sales and new digital asset staking revenue.
Gross profit increased to $1.6M (12% margin) from $0.6M (6% margin) year-over-year, reflecting higher digital asset revenue.
Net loss widened to $24.6M in Q2 2026 from $2.4M in Q2 2025, mainly due to $21.8M in losses from changes in digital asset fair value.
The company completed the sale of its legacy hemp and cannabis business in September 2025, focusing on pharmaceuticals and digital assets.
Financial highlights
Q2 2026 revenue: $13.7M (Q2 2025: $9.7M); H1 2026 revenue: $20.9M (H1 2025: $16.6M).
Q2 2026 gross profit: $1.6M (12% margin); H1 2026 gross profit: $4.8M (23% margin).
Q2 2026 net loss: $24.6M; H1 2026 net loss: $61.3M (H1 2025: $3.2M loss).
Digital asset revenue (staking OG Tokens) contributed $1.0M in Q2 and $3.8M in H1 2026.
Operating expenses surged to $25.9M in Q2 2026, mainly from digital asset fair value losses.
Outlook and guidance
Management expects recurring staking rewards from 223M OG tokens to support liquidity.
Substantial doubt remains about the ability to continue as a going concern due to reliance on volatile digital asset markets.
No formal guidance provided for future periods.
- Shareholders will vote on director elections, compensation, equity plans, and moving incorporation to Texas.ZSTK
Proxy filing27 May 2026 - Shareholders will vote on director elections, compensation, equity plans, and moving incorporation to Texas.ZSTK
Proxy filing8 May 2026 - Q1 2026 saw higher revenue but a $36.7M net loss due to digital asset fair value declines.ZSTK
Q1 20264 May 2026 - Net loss surged to $119.7M on digital asset losses as the company pivoted to an AI-focused treasury model.ZSTK
Q4 202527 Feb 2026 - Net loss narrowed to $2.7M as revenue fell and global expansion, cost cuts, and new launches continued.ZSTK
Q2 20242 Feb 2026 - Q3 revenue dropped and net loss widened, but U.S. and German growth prospects remain.ZSTK
Q3 202414 Jan 2026 - Strategic shift to AI and digital assets, with major OG Token holdings and expanded pharma reach.ZSTK
Registration Filing8 Jan 2026 - Registering 3.86M shares for resale; proceeds go to investors, not the company.ZSTK
Registration Filing16 Dec 2025 - 3.2 million shares registered for resale after acquisition and executive grants; no proceeds to issuer.ZSTK
Registration Filing16 Dec 2025
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