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Zone Frontier Inc. (ZONE) stock

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NYSE: ZONE NYSE Specialty Chemicals

D Fundamentals grade

Zone Frontier Inc. is a US-listed company in the specialty chemicals industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Zone Frontier Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Zone Frontier Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling5 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds25 adding, 19 cuttingOf 8 active managers that changed their stake, 3 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Zone Frontier files

Where Zone Frontier stands after its latest 10-K/A

Zone Frontier has little or no product revenue yet; it used $18m of cash in the twelve months to June 2026. That growth ranks 3 of 35 among the specialty chemicals companies we cover. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 3 financial-health checks.

Our model value for Zone Frontier is under review, so past values are not shown until it is resolved.

Source: 10-K/A filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Zone Frontier Inc.'s trailing-twelve-month revenue grew 64.2% year on year, with a free-cash-flow margin of -534.7%. Where it stands out: revenue growth of 64.2% ranks 3 of 42 specialty chemicals companies we cover. Where it lags: operating margin of -1704.3% ranks 39 of 39 specialty chemicals companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 667.7% while net income fell 2483.1%: a 1815pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 64.2% over the last 12 months, against a median of 6.0% for specialty chemicals companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Growth slowing. The growth rate is 16.5 points lower than a quarter earlier.
  • Loss-making. Operating margin is -1704.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 1396.2 points on a year ago.
  • Burning cash. Free cash flow was -534.7% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 271.1% of revenue, against a median of 1.0% for specialty chemicals companies we cover: a real cost that cash-flow figures leave out.
  • Volatile shares. Over the past year the shares showed annualised volatility of 147% and a beta of 2.7 against the S&P 500.

Latest results: FY2026 Q4

Filed September 28, 2026
Revenue
$1m, down 0.8% on a year earlier

Zone Frontier's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+8.4%
  • 1 week-27.7%
  • 1 month-47.8%
  • This year-73.6%
  • 1 year-93.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.4M
Operating margin
-1704.3%
Net margin
-5117.7%

Growth

Revenue growth
+64.2%
Change in growth rate
−16.5 pts

Cash

Free cash flow (TTM)
-$18.2M
FCF margin
-534.7%
Stock pay % of revenue
271.1%

Earnings

Last results
November 13, 2025

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Deal
  3. Agreement
  4. Leadership
  5. Announcement
  6. Announcement
  7. Agreement
  8. Agreement
  9. Agreement
  10. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Zone Frontier Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Zone Frontier Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.96 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.0 ~$0.0–$0.0 Left out: out of range vs price (0.00x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Zone Frontier Inc. with Specialty Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Zone Frontier Inc.: too few analysts cover it.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
1.71
at average volume
Short interest, 1 month
+79%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
—
of shares
Employees
18
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 20252026 to date
Return
ZONE−80%−74%
Industry peers (median)−13%+6%
S&P 500+18%+11%
Months that ended higher
ZONE50%46%
S&P 50075%46%
Largest fall from a high during the year
ZONE−97%−94%
S&P 500−19%−9%

Worst fall since April 26, 2024: 99% from August 29, 2025 to October 30, 2026. Getting back needed a 10732% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.80 – $72.00
From 52-week high
−94.3%
vs 50-day average
−45.6%
vs 200-day average
−81.9%
Volatility (1 year)
147%
Beta vs S&P 500
2.69

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 2 down
typical move ±12.6%
After a week
1 up, 5 down
typical move ±23.4%
After a month
2 up, 4 down
typical move ±33.0%
Results releasedNext dayS&P 500 next day5 days21 days
November 13, 2025 −15.9% −1.7% −36.1% −37.6%
August 22, 2025 +34.5% +1.1% +53.8% −55.6%
May 14, 2025 +5.6% +0.6% −8.6% +86.8%
February 14, 2025 −0.7% +0.3% −10.7% −3.2%
November 13, 2024 +12.0% −0.6% −26.2% −9.5%
September 20, 2024 +7.1% +0.1% −5.2% +5.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Zone Frontier Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Zone Frontier Inc.
$1M $2M $3M $4M FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FY26 Q4 Revenue (TTM), FY24 Q2: $1.7M Revenue (TTM), FY24 Q3: $1.4M Revenue (TTM), FY24 Q4: $1.6M Revenue (TTM), FY25 Q1: $1.6M Revenue (TTM), FY25 Q2: $1.6M Revenue (TTM), FY25 Q3: $1.9M Revenue (TTM), FY25 Q4: $2.1M Revenue (TTM), FY26 Q1: $2.6M Revenue (TTM), FY26 Q2: $3.4M Revenue (TTM), FY26 Q3: $3.4M Revenue (TTM), FY26 Q4: $3.4M $3.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $1.7M
FY24 Q3 $1.4M
FY24 Q4 $1.6M
FY25 Q1 $1.6M
FY25 Q2 $1.6M
FY25 Q3 $1.9M
FY25 Q4 $2.1M
FY26 Q1 $2.6M
FY26 Q2 $3.4M
FY26 Q3 $3.4M
FY26 Q4 $3.4M
Revenue growth, TTM YoY Zone Frontier Inc.
-50% 0% 50% 100% 150% FY25 Q2 FY25 Q4 FY26 Q2 FY26 Q4 Revenue growth, TTM YoY, FY25 Q2: -1.8% Revenue growth, TTM YoY, FY25 Q3: 38.1% Revenue growth, TTM YoY, FY25 Q4: 29.2% Revenue growth, TTM YoY, FY26 Q1: 58.9% Revenue growth, TTM YoY, FY26 Q2: 108.4% Revenue growth, TTM YoY, FY26 Q3: 80.7% Revenue growth, TTM YoY, FY26 Q4: 64.2% 64.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY25 Q2 -1.8%
FY25 Q3 38.1%
FY25 Q4 29.2%
FY26 Q1 58.9%
FY26 Q2 108.4%
FY26 Q3 80.7%
FY26 Q4 64.2%
Operating margin (TTM) Zone Frontier Inc.
-2000% -1500% -1000% -500% 0% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FY26 Q4 Operating margin (TTM), FY24 Q4: -121.3% Operating margin (TTM), FY25 Q1: -145.2% Operating margin (TTM), FY25 Q2: -188.3% Operating margin (TTM), FY25 Q3: -178.8% Operating margin (TTM), FY25 Q4: -308.1% Operating margin (TTM), FY26 Q1: -528.4% Operating margin (TTM), FY26 Q2: -980.1% Operating margin (TTM), FY26 Q3: -1519.7% Operating margin (TTM), FY26 Q4: -1704.3% -1704.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q4 -121.3%
FY25 Q1 -145.2%
FY25 Q2 -188.3%
FY25 Q3 -178.8%
FY25 Q4 -308.1%
FY26 Q1 -528.4%
FY26 Q2 -980.1%
FY26 Q3 -1519.7%
FY26 Q4 -1704.3%
FCF margin (TTM) Zone Frontier Inc.
-600% -400% -200% 0% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FY26 Q4 FCF margin (TTM), FY24 Q4: -97.1% FCF margin (TTM), FY25 Q1: -125.0% FCF margin (TTM), FY25 Q2: -182.3% FCF margin (TTM), FY25 Q3: -176.1% FCF margin (TTM), FY25 Q4: -114.3% FCF margin (TTM), FY26 Q1: -205.6% FCF margin (TTM), FY26 Q2: -230.2% FCF margin (TTM), FY26 Q3: -439.1% FCF margin (TTM), FY26 Q4: -534.7% -534.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q4 -97.1%
FY25 Q1 -125.0%
FY25 Q2 -182.3%
FY25 Q3 -176.1%
FY25 Q4 -114.3%
FY26 Q1 -205.6%
FY26 Q2 -230.2%
FY26 Q3 -439.1%
FY26 Q4 -534.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 2 2 3
Gross profit 1 1 1
EBITDA −2 −6 −58
Operating income −2 −6 −58
Net income −2 −7 −174
Growth (year on year)
Revenue — +29.2% +64.3%
Margins
Gross margin 49.6% 47.6% 37.8%
EBITDA margin −111.6% −298.3% <−999%
Operating margin −121.3% −308.1% <−999%
Net margin −142.2% −325.3% <−999%
Free-cash-flow margin −97.1% −114.3% −534.1%
Cash flow
Cash from operations −2 −2 −18
Capital spending 0 0 0
Free cash flow −2 −2 −18
Stock-based pay 1 3 9
Free cash flow after stock pay −2 −6 −27
Balance sheet
Cash 2 1 15
Total debt 3 5 —
Net debt (negative = net cash) 1 3 −15

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $53m
Short-term assets $19mLonger-term assets $34m
What it owes, and who funded it · $53m
Short-term liabilities $1mLonger-term liabilities $0mShareholders' equity $52m
  • Short-term assets cover short-term liabilities $19m of assets due within a year against $880,812 of liabilities due within a year.
  • Short-term assets cover long-term liabilities $19m short-term assets against $113,972 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$58m against −$163,870 of interest.

From Zone Frontier Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Days sales outstanding
49 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in specialty chemicals
Last 12 months unless stated ZONE BYAH SNES CITR YMAT PMA Median
Revenue, last 12 months $3m $3m $2m $1m $10m $15m $906m
Revenue growth, last 12 months 64.2% 6.0% 13.4% −26.4% −43.5% −56.8% 5.4%
Revenue growth, 3-year average — — 29.8% 134.1% — — 0.9%
Revenue growth, latest quarter −0.8% — 23.2% −59.2% — — 8.3%
Gross margin 37.8% 94.4% 66.2% −5.2% 54.1% −18.4% 28.8%
Operating margin <−999% −956.5% −303.7% <−999% −207.7% −37.4% 4.3%
Operating margin, 3-year average −711.2% — −353.6% −992.9% — — 5.5%
Net margin <−999% −965.0% −294.7% <−999% −203.2% −39.4% 0.8%
Cash from operations / revenue −533.5% 3.4% −281.4% −576.8% −31.8% 5.4% 6.9%
Free-cash-flow margin −534.7% −0.1% −283.7% −579.5% −33.9% 4.8% 4.3%
Free-cash-flow margin, 3-year average −248.7% — −342.6% −301.2% — — 5.1%
Stock pay / revenue 271.1% 953.3% 12.1% 742.9% 0.9% — 1.0%
Change in share count — 17.8% 74.4% 93.5% 3.8% 9.5% 0.1%

Median of all 42 companies we cover in specialty chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

42 specialty chemicals companies
Measure Company Peer median Rank
Revenue growth Growth 64.2% 6.0% 3 of 42
Change in growth rate Growth -16.5pp +1.3pp 37 of 42
Gross margin Profitability 37.8% 31.5% 9 of 40
Operating margin Profitability -1704.3% 3.8% 39 of 39
Net margin Profitability -5117.7% 1.7% 42 of 42
Free-cash-flow margin Cash generation -534.7% 4.8% 41 of 42
Stock pay as % of revenue Cash generation 271.1% 1.0% 34 of 36
Long-term debt as % of assets Balance sheet 45.8% 26.8% 34 of 36
Days sales outstanding Balance sheet 49 days 59 days 12 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Products and services
Line of business Revenue Share YoY
Janitorial and Sanitation $3M 87.1% ▲ 63.8%
Other Disaggregates Revenue $439,398 12.9% ▲ 68.4%
Geography
Region Revenue Share YoY
United States $2.6M 77.0% ▲ 28.0%
Outside the US $782,334 23.0% ▲ 3369.2%

From Zone Frontier Inc.'s 10-K filed September 28, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$41.9M
Institutions reporting
45
Shares held vs prior quarter
▼ 14.2%
Positions opened / closed
13 / 12

Top buyers and sellers, Q2 2026: 25 institutions bought and 19 sold ; the biggest buyer was America First Investment Advisors, LLC (+1.2M shares) and the biggest seller Ghisallo Capital Management LLC (−3.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Mmcap International Inc. Spc $11.4M 14.0M 27.3% ▼ 17.3%
Mozayyx Management LLC $9.8M 12.0M 23.5% 0.0%
Vanguard Capital Management LLC $7.8M 9.5M 18.6% ▼ 12.1%
Steadfast Capital Management LP $1.9M 2.3M 4.5% ▼ 23.4%
Geode Capital Management, LLC $1.8M 2.2M 4.4% ▲ 3.7%
Vanguard Fiduciary Trust Co $1M 1.3M 2.5% ▲ 28.8%
America First Investment Advisors, LLC $1M 1.3M 2.5% ▲ 2081.5%
State Street Corp $885,119 1.1M 2.1% ▲ 266.0%
Jane Street Group, LLC $600,112 732K 1.4% New
Corient Private Wealth LP $594,500 725K 1.4% ▼ 55.9%
Osaic Holdings, Inc. $581,380 709K 1.4% ▲ 361.8%
Blackrock, Inc. $538,026 656K 1.3% ▼ 0.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Zone Frontier Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $292,050 5 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $292,050 net buying
Insider Date Trade Shares Price Value
Hassen Tyler Lewis Chief Executive Officer October 16, 2026 Buy 500,000 $0.11 $55,150
Hassen Tyler Lewis Chief Executive Officer October 14, 2026 Buy 750,000 $0.11 $85,200
Hassen Tyler Lewis Chief Executive Officer October 13, 2026 Buy 1,000,000 $0.12 $116,400
Hassen Tyler Lewis Chief Executive Officer October 13, 2026 Buy 250,000 $0.12 $29,675
Enholm David James Chief Financial Officer December 1, 2025 Buy 18,750 $0.30 $5,625

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 13, 2026 estimated from the company's past filing pattern, not announced

  • November 13, 2025
  • August 22, 2025
  • May 14, 2025
  • February 14, 2025
  • November 13, 2024
  • September 20, 2024

Recent SEC filings

Data status

When each part of this page on Zone Frontier Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Zone Frontier Inc. in brief

What does Zone Frontier Inc. do?
Zone Frontier Inc. is a US-listed company in the specialty chemicals industry. Its financial year ends in June.
What is Zone Frontier Inc.'s stock ticker?
Zone Frontier Inc. trades under the ticker ZONE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Zone Frontier Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Zone Frontier Inc. reported revenue of $3.4M, 64.2% higher than a year earlier, according to its SEC filings.
What is Zone Frontier Inc.'s free cash flow?
Zone Frontier Inc.'s free-cash-flow margin is -534.7% of revenue over the trailing twelve months, ranking 41 of the 42 specialty chemicals companies we cover.
Who are Zone Frontier Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Mmcap International Inc. Spc, Mozayyx Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Zone Frontier Inc.'s competitors?
In our Specialty Chemicals peer group, the companies closest to Zone Frontier Inc. are Park Ha Biological Technology Co., Ltd., Senestech, Inc., Citrotech Inc., J-star Holding Co., Ltd. and PMA Graphene Technology Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Zone Frontier Inc.'s.
Are insiders buying or selling Zone Frontier Inc. stock?
Over the last 12 months, Zone Frontier Inc.'s directors and officers reported 5 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.