ZeroStack has cast doubt on its ability to keep running through the next year, revealing a grim financial picture in its latest SEC filing. The company reported just $2.6 million in cash as of June 30, while its holdings of 75.1 million 0G tokens have lost roughly 91% of their value since purchase.
In the first half of 2026, ZeroStack recorded a staggering $82.5 million loss linked to digital asset devaluation and posted a net loss of $61.3 million. The company’s working capital stands negative at $600,000, and it carries an accumulated deficit exceeding $339 million.
Reliance on Token Sales and Staking Rewards
ZeroStack's business model depends heavily on staking rewards and selling tokens to fund operations. During the first six months, it generated $3.8 million from staking rewards by earning about 6.6 million 0G tokens through validator commissions. However, to cover expenses, it had to sell nearly 4.9 million tokens, bringing in just $2.4 million.
Management admits the current cash reserves and planned token sales might not be enough to guarantee the company’s survival beyond the next year. The sharp drop in 0G token value further strains liquidity, leaving the firm’s future hanging by a thread.
This filing reverses ZeroStack’s earlier optimistic outlook and comes after CEO Daniel Reis Faria highlighted regulatory uncertainties that have kept major institutional investors wary. With the treasury’s value decimated and cash reserves dwindling, the company is walking a tightrope.
This material is informational and not financial advice.
