ZeroStack Corp., through its subsidiary, Phatebo GmbH, engages in the pharmaceutical distribution business in Germany. It operates through Commercial & Wholesale and ...
ZeroStack Corp. (NASDAQ: ZSTK) is a public company incorporated in 2019 and headquartered in Toronto, Canada (website: https://zerostack.ai). The company describes itself as both (1) a decentralized AI treasury / AI-focused asset management platform and (2) an operator in commercial and wholesale pharmaceutical distribution in Germany through its subsidiary Phatebo ...ZeroStack Corp. (NASDAQ: ZSTK) is a public company incorporated in 2019 and headquartered in Toronto, Canada (website: https://zerostack.ai). The company describes itself as both (1) a decentralized AI treasury / AI-focused asset management platform and (2) an operator in commercial and wholesale pharmaceutical distribution in Germany through its subsidiary Phatebo GmbH.
From a business-model perspective, ZeroStack’s AI-focused strategy centers on allocating capital to the ecosystem supporting AI infrastructure. According to the provided company description, it pursues this theme through strategic ownership of 0G tokens and by investing in early-stage companies. This positions the firm in the “asset management / financial services” category, where the core value proposition is gaining exposure to AI infrastructure development via crypto/technology-related holdings and investments.
In parallel, ZeroStack also runs a more traditional distribution business. Through Phatebo GmbH, it distributes a range of pharmaceutical goods and medical products across health indications (including areas such as cancer therapies, ADHD, multiple sclerosis, and anti-depressants, as stated in the provided materials). This creates a diversified operating footprint: one side is tied to regulated distribution and wholesale logistics in Germany, while the other side is oriented toward investments and token-based exposure related to AI infrastructure.
In terms of scale and operations, the provided data indicates a relatively small workforce (about 21 full-time employees), which aligns with the company size band of roughly 11–50 employees. As a result, the company likely relies on specialized partners, subsidiaries, and contracted resources to run both the distribution operations and the investment/treasury activities.
Cost, BOM, and financials: the provided dataset includes numerous TTM financial ratios (e.g., margins, cash-flow-related metrics, and liquidity/coverage ratios) showing negative profitability and cash-flow measures typical of early-stage or investment-heavy models. While the specific line items are not reproduced here, the overall picture is consistent with a company balancing operating expenses, investment activity, and potential scale-up costs across both business segments.
Key people: the provided sources identify Daniel Reis Faria as CEO and co-founder (with additional references noting leadership changes in prior periods). The company’s strategic direction is therefore closely tied to its leadership’s focus on both AI infrastructure exposure and the operational execution of the subsidiary distribution business.
Finally, the company has undergone branding/corporate history changes: it was formerly known as Flora Growth Corp. and changed its name to ZeroStack Corp. in January 2026, reflecting a shift toward its current AI/treasury narrative and public-market identity.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$35.7M
-40.0%
+87.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-120.9M
-659.7%
+32.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
-13.5%
-164.3%
+6.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-26.8%
-1.9%
+11.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-338.7%
-1167.2%
+64.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-8.8M
-70.4%
+135.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-24.7%
-184.2%
+119.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
76.4%
-29.6%
+107.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.01x
-3.7%
-31.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
