CleanCore Solutions Inc. Class B Common Stock (ZONE)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a Graham-style balance-sheet exercise and a Buffett-style business-quality test. Zone Frontier is trying to build data-center campuses for AI while also selling cleaning products, but the numbers show a company still searching for viable scale. In fiscal Q3 2026, the quarter ended 2026-03-31, revenue was $543,694 and net loss was $30.8 million. For fiscal Q2 2026, the quarter ended 2025-12-31, revenue was $1.1 million and net loss was $104.4 million. The full fiscal year 2026, ended 2026-06-30, produced revenue of $3.4 million and a net loss of $174.2 million, compared with revenue of $2.1 million and a net loss of $6.7 million in fiscal year 2025, ended 2025-06-30, and revenue of $1.6 million and a net loss of $2.3 million in fiscal year 2024, ended 2024-06-30. That is not growth; it is escalating losses around a tiny revenue base. The low debt-to-equity of 0.01 is a modest positive, and the P/B of 0.42 at the 2026-10-13 close of $0.11 suggests the market values the equity below accounting book. But P/B is only useful if assets are real and not being consumed by cash burn. FairStock's negative return on equity of -513.26%, negative return on capital of -87.33%, Altman Z-Score of -3.50, and Piotroski F-Score of 3/9 all point to financial distress. Trailing free cash flow of -$163.6 million, a -6,774.5% FCF yield, against a $2.4 million market cap, implies enormous financing needs. There is no discernible moat, and the Lynch category is none because the company has lost money in each of the last three years. I see speculation, not a margin of safety.

In plain English: The company develops data center campuses for AI and also makes cleaning products. Its sales are tiny and it is losing much more money than it brings in, so the business looks weak. At 11 cents a share, the stock looks very cheap compared with its accounting value, but the losses make that cheapness unreliable.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer