zSpace, Inc.(ZSPC)Earnings, Financials & Key Ratios
ZSPC•NASDAQ
$0.16
$160253 mkt cap·Price updated May 6, 2026
AboutzSpace, Inc. provides augmented and virtual reality educational technology solutions for K-12 schools, and career and technical education markets in the United States and internationally. The company provides StudioA3, an application that allows teachers to build lessons for various subject using pre-made models; hardware products comprising stylus, eyewear, laptop, and power adapter products; and installation and/or training services. Its platform offers a range of educational tools designed for K-12 science, technology, engineering, and math lessons, as well as training skilled trades in areas, such as health sciences, automotive engineering/repair, and software programming and advanced manufacturing. The company was formerly known as Infinite Z, Inc. and changed its name to zSpace, Inc. in February 2013. The company was incorporated in 2006 and is based in San Jose, California.Show more
- Revenue$28M-26.9%
- EBITDA-$22M-25.4%
- Net Income-$25M-21.9%
- EPS (Diluted)-25.25-198.1%
- Gross Margin47.6%+16.5%
- EBITDA Margin-79.44%-71.5%
- Operating Margin-79.48%-71.5%
- Net Margin-91.13%-66.7%
- Interest Coverage-14.98-134.6%
ZSPC Key Insights
zSpace, Inc. (ZSPC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient asset utilization: 3.7x turnover
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 0 (bottom 0%)
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ZSPC Price & Volume
zSpace, Inc. (ZSPC) stock price & volume — 10-year historical chart
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ZSPC Growth Metrics
zSpace, Inc. (ZSPC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-8.01%
TTM-26.88%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-21.92%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM98.96%
Return on Capital
10 Years-
5 Years-
3 Years-
Last Year-
ZSPC Peer Comparison
zSpace, Inc. (ZSPC) competitors in PCs, Workstations and Printing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 IMMR | 212.57M | 6.54 | 1.59 | 35.39% | 4.49% | 13% | 0.57 | |
 VRAR | 11.48M | 0.55 | -4.19 | 19.58% | -108904.7% | -6.4% | 0.01 | |
 GOOG | 4.78T | 395.07 | 36.55 | 15.13% | 37.91% | 38.98% | 0.14 | |
 META | 1.55T | 612.88 | 26.09 | 22.17% | 32.84% | 33.22% | 0.39 | |
 MSFT | 3.07T | 413.87 | 30.34 | 14.93% | 39.34% | 33.13% | 0.33 | |
 AAPL | 4.22T | 287.46 | 38.53 | 6.43% | 27.15% | 146.69% | 1.52 | |
 SNAP | 10.35B | 6.13 | -22.70 | 10.63% | -6.72% | -18.93% | 2.06 | |
 KOPN | 769.33M | 4.91 | -14.88 | 24.61% | -13.48% | -30.23% | 0.09 |
Compare ZSPC vs Peers
zSpace, Inc. (ZSPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ZSPC Income Statement
zSpace, Inc. (ZSPC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|
| Sales/Revenue | 35.78M | 43.92M | 38.1M | 27.86M |
| Revenue Growth % | - | 22.74% | -13.26% | -26.88% |
| Cost of Goods Sold | 22.66M | 27.03M | 22.53M | 14.6M |
| COGS % of Revenue | 63.31% | 61.54% | 59.13% | 52.4% |
| Gross Profit | 13.13M▲ 0% | 16.89M▲ 28.7% | 15.57M▼ 7.8% | 13.26M▼ 14.8% |
| Gross Margin % | 36.69% | 38.46% | 40.87% | 47.6% |
| Gross Profit Growth % | - | 28.69% | -7.84% | -14.82% |
| Operating Expenses | 23.03M | 25.51M | 33.23M | 35.4M |
| OpEx % of Revenue | 64.36% | 58.08% | 87.21% | 127.08% |
| Selling, General & Admin | 18.36M | 19.61M | 28.33M | 30.1M |
| SG&A % of Revenue | 51.32% | 44.64% | 74.37% | 108.06% |
| Research & Development | 4.67M | 4.22M | 4.89M | 5.3M |
| R&D % of Revenue | 13.04% | 9.6% | 12.84% | 19.02% |
| Other Operating Expenses | 0 | 1.68M | 0 | 0 |
| Operating Income | -9.9M▲ 0% | -8.62M▲ 13.0% | -17.66M▼ 105.0% | -22.14M▼ 25.4% |
| Operating Margin % | -27.67% | -19.61% | -46.35% | -79.48% |
| Operating Income Growth % | - | 13.01% | -104.97% | -25.39% |
| EBITDA | -9.85M | -8.58M | -17.65M | -22.13M |
| EBITDA Margin % | -27.54% | -19.54% | -46.32% | -79.44% |
| EBITDA Growth % | - | 12.9% | -105.59% | -25.42% |
| D&A (Non-Cash Add-back) | 49K | 32K | 12K | 10K |
| EBIT | -11.43M | -10.13M | -17.97M | -22.14M |
| Net Interest Income | -3.7M | -2.9M | -2.81M | -1.48M |
| Interest Income | 0 | 0 | 0 | 0 |
| Interest Expense | 3.7M | 2.9M | 2.81M | -1.48M |
| Other Income/Expense | -5.23M | -4.42M | -3.13M | -3.23M |
| Pretax Income | -15.13M▲ 0% | -13.03M▲ 13.9% | -20.79M▼ 59.5% | -25.37M▼ 22.1% |
| Pretax Margin % | -42.28% | -29.67% | -54.57% | -91.08% |
| Income Tax | 44K | 3K | 34K | 14K |
| Effective Tax Rate % | -0.29% | -0.02% | -0.16% | -0.06% |
| Net Income | -15.17M▲ 0% | -13.04M▲ 14.1% | -20.82M▼ 59.7% | -25.39M▼ 21.9% |
| Net Margin % | -42.4% | -29.68% | -54.66% | -91.13% |
| Net Income Growth % | - | 14.08% | -59.73% | -21.92% |
| Net Income (Continuing) | -15.17M | -13.04M | -20.82M | -25.39M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2346.00▲ 0% | -1914.75▲ 18.4% | 25.75▲ 101.3% | -25.25▼ 198.1% |
| EPS Growth % | - | 18.38% | 101.34% | -198.06% |
| EPS (Basic) | -2295.25 | -2915.50 | 325.75 | -25.25 |
| Diluted Shares Outstanding | 902.73K | 902.73K | 131.09K | 1M |
| Basic Shares Outstanding | 6.61K | 6.61K | 131.09K | 1M |
| Dividend Payout Ratio | - | - | - | - |
ZSPC Balance Sheet
zSpace, Inc. (ZSPC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|
| Total Current Assets | 16.73M | 13.68M | 13.51M | 6.49M |
| Cash & Short-Term Investments | 4.06M | 2.82M | 4.86M | 1.02M |
| Cash Only | 4.06M | 2.82M | 4.86M | 1.02M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 6.85M | 5.04M | 3.18M | 1.44M |
| Days Sales Outstanding | 69.91 | 41.88 | 30.43 | 18.84 |
| Inventory | 4.27M | 3.54M | 3.24M | 2.4M |
| Days Inventory Outstanding | 68.84 | 47.74 | 52.46 | 60.11 |
| Other Current Assets | 791K | 689K | 1.14M | 1.62M |
| Total Non-Current Assets | 1.48M | 169K | 21K | 1.1M |
| Property, Plant & Equipment | 48K | 21K | 21K | 37K |
| Fixed Asset Turnover | 745.50x | 2091.52x | 1814.19x | 752.92x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 981K |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.43M | 148K | 0 | 83K |
| Total Assets | 18.21M▲ 0% | 13.85M▼ 24.0% | 13.53M▼ 2.3% | 7.59M▼ 43.9% |
| Asset Turnover | 1.97x | 3.17x | 2.82x | 3.67x |
| Asset Growth % | - | -23.95% | -2.27% | -43.94% |
| Total Current Liabilities | 65.04M | 29.89M | 20.89M | 17.31M |
| Accounts Payable | 4.18M | 4.74M | 5.66M | 4.08M |
| Days Payables Outstanding | 67.29 | 63.94 | 91.63 | 102.05 |
| Short-Term Debt | 44.5M | 12.02M | 5.76M | 7.6M |
| Deferred Revenue (Current) | 3.8M | 2.75M | 3.32M | 1.91M |
| Other Current Liabilities | 4.25M | 4.87M | 4.68M | 3.71M |
| Current Ratio | 0.26x | 0.46x | 0.65x | 0.37x |
| Quick Ratio | 0.19x | 0.34x | 0.49x | 0.24x |
| Cash Conversion Cycle | 71.46 | 25.68 | -8.75 | -23.09 |
| Total Non-Current Liabilities | 641K | 114.43M | 7.33M | 12.78M |
| Long-Term Debt | 0 | 7.05M | 6.19M | 10.11M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 641K | 107.09M | 819K | 2.35M |
| Total Liabilities | 65.68M | 144.32M | 28.22M | 30.09M |
| Total Debt | 44.5M | 19.07M | 11.96M | 17.71M |
| Net Debt | 40.44M | 16.25M | 7.09M | 16.69M |
| Debt / Equity | - | - | - | - |
| Debt / EBITDA | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - |
| Interest Coverage | -3.09x | -3.49x | -6.39x | -14.98x |
| Total Equity | -47.47M▲ 0% | -130.47M▼ 174.9% | -14.69M▲ 88.7% | -22.51M▼ 53.2% |
| Equity Growth % | - | -174.86% | 88.74% | -53.24% |
| Book Value per Share | -52.58 | -144.53 | -112.05 | -22.47 |
| Total Shareholders' Equity | -47.47M | -130.47M | -14.69M | -22.51M |
| Common Stock | 0 | 0 | 0 | 0 |
| Retained Earnings | -256.54M | -269.58M | -290.4M | -315.79M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 164K | 228K | 329K | 143K |
| Minority Interest | 0 | 0 | 0 | 0 |
ZSPC Cash Flow Statement
zSpace, Inc. (ZSPC) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|
| Cash from Operations | -8.9M | -6.41M | -8.87M | -17.97M |
| Operating CF Margin % | -24.88% | -14.59% | -23.29% | -64.5% |
| Operating CF Growth % | - | 27.99% | -38.44% | -102.49% |
| Net Income | -15.17M | -13.04M | -20.82M | -25.39M |
| Depreciation & Amortization | 49K | 32K | 12K | 76K |
| Stock-Based Compensation | 20K | 1K | 7.74M | 7.12M |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 4.3M | 4.32M | 662K | 2.26M |
| Working Capital Changes | 1.9M | 2.28M | 3.54M | -2.04M |
| Change in Receivables | -2.07M | 1.81M | 1.86M | 1.65M |
| Change in Inventory | -1.49M | -210K | -105K | 652K |
| Change in Payables | 2.34M | 558K | 921K | -1.57M |
| Cash from Investing | -11K | -5K | -13K | -26K |
| Capital Expenditures | -11K | -5K | -13K | -26K |
| CapEx % of Revenue | 0.03% | 0.01% | 0.03% | 0.09% |
| Acquisitions | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 |
| Cash from Financing | 6.94M | 5.59M | 10.48M | 14.38M |
| Debt Issued (Net) | 6.96M | 5.74M | 2.98M | 4.65M |
| Equity Issued (Net) | 8K | 3K | 10.03M | 5.73M |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | -21K | -153K | -2.52M | 4M |
| Net Change in Cash | -1.76M▲ 0% | -933K▲ 47.0% | 1.74M▲ 286.1% | -3.84M▼ 321.4% |
| Free Cash Flow | -8.91M▲ 0% | -6.42M▲ 28.0% | -8.89M▼ 38.5% | -18M▼ 102.5% |
| FCF Margin % | -24.91% | -14.61% | -23.33% | -64.6% |
| FCF Growth % | - | 28.03% | -38.53% | -102.49% |
| FCF per Share | -9.87 | -7.11 | -67.79 | -17.97 |
| FCF Conversion (FCF/Net Income) | 0.59x | 0.49x | 0.43x | 0.71x |
| Interest Paid | 0 | 0 | 1.7M | 579K |
| Taxes Paid | 0 | 0 | 0 | 17K |
ZSPC Key Ratios
zSpace, Inc. (ZSPC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Gross Margin | 36.69% | 38.46% | 40.87% | 47.6% |
| Net Margin | -42.4% | -29.68% | -54.66% | -91.13% |
| Interest Coverage | -3.09x | -3.49x | -6.39x | -14.98x |
| FCF Conversion | 0.59x | 0.49x | 0.43x | 0.71x |
| Revenue Growth | - | 22.74% | -13.26% | -26.88% |
ZSPC Frequently Asked Questions
zSpace, Inc. (ZSPC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
zSpace, Inc. (ZSPC) reported $27.9M in revenue for fiscal year 2025. This represents a 22% decrease from $35.8M in 2022.
zSpace, Inc. (ZSPC) saw revenue decline by 26.9% over the past year.
zSpace, Inc. (ZSPC) reported a net loss of $25.4M for fiscal year 2025.
Dividend & Returns
zSpace, Inc. (ZSPC) had negative free cash flow of $18.0M in fiscal year 2025, likely due to heavy capital investments.
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zSpace, Inc. (ZSPC) financial analysis — history, returns, DCA and operating performance tools
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