ZSPACE INC NEW (ZSPC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ZSPC SEC filings page.
ZSPACE INC NEW (ZSPC) reported $24.3M in revenue over the twelve months to Jun 30, 2026, down 34.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
zSpace’s revenue contracted, but gross margin expanded while overhead rose, leaving a smaller business with deeper operating losses.
Gross margin expansion of6.7 percentage points occurred as revenue fell26.9% , yet SG&A increased6.2% ; better product-level economics were overwhelmed by overhead that did not contract with sales.
The balance sheet deteriorated structurally: assets contracted
Operating cash flow worsened from
Financial Health Signals
ZSPACE INC NEW does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
ZSPACE INC NEW scores -65.87, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $315.8M against total assets of $7.6M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ZSPACE INC NEW passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
ZSPACE INC NEW reported a net loss of $25.4M while operations used $18.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
ZSPACE INC NEW reported an operating loss of $22.1M against $1.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
ZSPACE INC NEW generated $5.4M in revenue in Q2 2026. This represents a decrease of 27.7% from the same quarter a year earlier. Against the prior quarter it is up 2.8%.
ZSPACE INC NEW's EBITDA was -$2.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
ZSPACE INC NEW reported $288K in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
ZSPACE INC NEW held $856K in cash against $5.6M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
ZSPACE INC NEW's gross margin was 56.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 13.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.3 percentage points.
ZSPACE INC NEW's operating margin was -47.0% in Q2 2026, reflecting core business profitability. This is up 37.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 27.9 percentage points.
ZSPACE INC NEW's net profit margin was 5.3% in Q2 2026, showing the share of revenue converted to profit. This is up 87.2 percentage points from the same quarter a year earlier.
Not reported for Q2 2026.
Capital Allocation
ZSPACE INC NEW invested $814K in research and development in Q2 2026. This represents a decrease of 36.1% from the same quarter a year earlier. Against the prior quarter it is down 17.9%.
Not reported for Q2 2026.
Not reported for Q2 2026.
ZSPC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4M-27.7% | $5.3M-22.3% | $4.8M-43.2% | $8.8M-38.2% | $7.5M-0.6% | $6.8M-13.8% | $8.5M | $14.2M |
| Cost of Revenue | $2.4M-45.1% | $2.5M-30.7% | $2.5M-51.3% | $4.3M-45.3% | $4.3M-4.1% | $3.6M-30.9% | $5.1M | $7.9M |
| Gross Profit | $3.0M-4.1% | $2.8M-13.1% | $2.4M-31.4% | $4.5M-29.3% | $3.2M+4.6% | $3.2M+18.7% | $3.5M | $6.4M |
| R&D Expenses | $814K-36.1% | $992K-9.4% | $1.4M+69.1% | $1.6M+50.8% | $1.3M+19.0% | $1.1M-44.6% | $805K | $1.0M |
| SG&A Expenses | $6.0M-27.5% | $5.7M-23.6% | $6.7M+22.5% | $7.7M+45.8% | $8.2M+49.9% | $7.5M-38.1% | $5.4M | $5.3M |
| Operating Income | -$2.5Mn/m | -$3.9Mn/m | -$5.6Mn/m | -$4.8M-20075.0% | -$6.3Mn/m | -$5.4Mn/m | -$2.8M | $24K |
| EBITDA | -$2.5Mn/m | -$3.9Mn/m | -$5.6Mn/m | -$4.8M-18523.1% | -$6.3Mn/m | -$5.4Mn/m | -$2.8M | $26K |
| Interest Expense | $241K-19.9% | $344K-31.5% | $369K-36.4% | $306K-48.7% | $301K-66.9% | $502K-31.1% | $580K | $596K |
| Income Tax | $9K-18.2% | N/A | $2K | -$1K | $11K-71.8% | $2Kn/m | N/A | N/A |
| Net Income | $288Kn/m | -$6.6Mn/m | -$7.3M | -$6.2M | -$6.1Mn/m | -$5.8Mn/m | N/A | N/A |
| EPS (Basic) | $0.02 | -$4.70 | -$0.23 | -$0.26 | -$6.64 | -$6.38 | N/A | $235.81 |
| EPS (Diluted) | $0.01 | -$4.70 | -$0.23 | -$0.26 | -$6.64 | -$6.38 | N/A | $6.92 |
| Diluted Shares (Avg) | 25M | 1M | N/A | 24M | 918,739 | 913,975 | N/A | 6M |
ZSPC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.3M-31.8% | $10.5M+6.4% | $7.6M-43.9% | $13.5M | $12.1M | $9.8M | $13.5M | N/A |
| Current Assets | $7.3M-39.3% | $9.4M-3.6% | $6.5M-49.9% | $13.3M | $12.0M | $9.8M | $12.9M | N/A |
| Cash & Equivalents | $856K-38.4% | $2.9M+153.1% | $1.0M-79.0% | $4.3M+33.3% | $1.4M-53.2% | $1.1M-5.0% | $4.9M | $3.2M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 |
| Inventory | $2.0M-23.1% | $2.0M+2.5% | $2.4M-25.8% | $2.3M | $2.6M | $2.0M | $3.2M | N/A |
| Accounts Receivable | $2.6M-43.8% | $2.6M-32.4% | $1.4M-54.7% | $3.6M | $4.6M | $3.8M | $3.2M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 |
| Total Liabilities | $21.5M-37.7% | $35.9M+21.7% | $30.1M+6.6% | $33.1M | $34.4M | $29.5M | $28.2M | N/A |
| Current Liabilities | $10.7M-48.5% | $13.1M-34.3% | $17.3M-17.1% | $19.6M | $20.7M | $19.9M | $20.9M | N/A |
| Non-Current Liabilities | $10.8M-21.4% | $22.8M+138.5% | $12.8M+74.4% | $13.6M | $13.8M | $9.5M | $7.3M | N/A |
| Long-Term Debt | $5.6M-51.2% | $17.3M+127.2% | $10.1M+63.3% | $11.1M | $11.4M | $7.6M | $6.2M | N/A |
| Total Equity | -$13.2Mn/m | -$25.4Mn/m | -$22.5Mn/m | -$19.7Mn/m | -$22.3Mn/m | -$19.6Mn/m | -$14.7M | -$96.6M |
| Retained Earnings | -$322.1Mn/m | -$322.3Mn/m | -$315.8Mn/m | -$308.5M | -$302.3M | -$296.2M | -$290.4M | N/A |
Not reported in any period shown, so not listed: Goodwill.
ZSPC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0Mn/m | -$3.0Mn/m | -$3.9Mn/m | -$2.5M-233.7% | -$6.9Mn/m | -$4.6Mn/m | -$5.0M | $1.8M |
| Depreciation & Amortization | $3K+50.0% | $3K+200.0% | $3K0.0% | $4K+100.0% | $2K-33.3% | $1K-75.0% | $3K | $2K |
| Stock-Based Compensation | $1.6M-13.6% | $1.6M+59.4% | N/A | $2.4M+4535.3% | $1.8M+1800.0% | $973K-86.6% | N/A | $51K |
| Investing Cash Flow | -$3K | -$2K | -$5Kn/m | -$6Kn/m | N/A | N/A | -$5K | -$1K |
| Financing Cash Flow | $50K-99.3% | $4.9M+399.5% | $673K-89.6% | $5.4Mn/m | $7.3M+259.8% | $978K-73.7% | $6.5M | -$1.7M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
ZSPC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.4%+13.9pp | 53.1%+5.7pp | 49.1%+8.5pp | 51.2%+6.4pp | 42.5%+2.1pp | 47.4%+13.0pp | 40.7% | 44.7% |
| Operating Margin | -47.0%+37.8pp | -74.9%+4.8pp | -116.2% | -54.5%-54.7pp | -84.9%-37.8pp | -79.7% | -32.4% | 0.2% |
| Net Margin | 5.3%+87.2pp | -124.9% | -150.3% | -70.2% | -81.8%-18.6pp | -86.3% | N/A | N/A |
| Return on Assets | 3.5%+53.8pp | -62.6%-3.4pp | -96.0% | -45.8% | -50.3% | -59.2% | N/A | N/A |
| Current Ratio | 0.69+0.1x | 0.72+0.2x | 0.37-0.2x | 0.68 | 0.58 | 0.49 | 0.62 | N/A |
| Asset Turnover | 0.650.0x | 0.50-0.2x | 0.640.0x | 0.65 | 0.61 | 0.69 | 0.63 | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, Liabilities-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$22.5M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.37), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| ZSPACE INC NEW ZSPC | FY2025 | $27.9M | -$25.4M | -91.1% | $3.9M | — |
| Transact Technologies Inc TACT | FY2025 | $51.5M | -$1.2M | -2.4% | $54.4M | 58/100 |
| KEY Tronic Corp KTCC | FY2026 | $386.7M | -$47.8M | -12.4% | $23.5M | 29/100 |
| Ebang International Holdings Inc. EBON | FY2025 | $6.5M | -$14.1M | N/A | $12.5M | 72/100 |
| BTC Digital Ltd. BTCT | FY2025 | $14.0M | -$9.1M | -64.5% | $12.3M | 25/100 |
| Socket Mobile, Inc. New SCKT | FY2025 | $15.1M | -$14.4M | -95.4% | $4.2M | 45/100 |
Where ZSPACE INC NEW Ranks
Frequently Asked Questions
What is ZSPACE INC NEW's annual revenue?
ZSPACE INC NEW (ZSPC) reported $27.9M in total revenue for fiscal year 2025. This represents a -26.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is ZSPACE INC NEW's revenue growing?
ZSPACE INC NEW (ZSPC) revenue declined by 26.9% year-over-year, from $38.1M to $27.9M in fiscal year 2025.
Is ZSPACE INC NEW profitable?
No, ZSPACE INC NEW (ZSPC) reported a net loss of $19.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $25.4M, with a net profit margin of -91.1%.
What is ZSPACE INC NEW's EBITDA?
ZSPACE INC NEW (ZSPC) had EBITDA of -$22.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does ZSPACE INC NEW have?
As of fiscal year 2025, ZSPACE INC NEW (ZSPC) had $1.0M in cash and equivalents against $10.1M in long-term debt.
What is ZSPACE INC NEW's gross margin?
ZSPACE INC NEW (ZSPC) had a gross margin of 47.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is ZSPACE INC NEW's operating margin?
ZSPACE INC NEW (ZSPC) had an operating margin of -79.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is ZSPACE INC NEW's net profit margin?
ZSPACE INC NEW (ZSPC) had a net profit margin of -91.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is ZSPACE INC NEW's operating cash flow?
ZSPACE INC NEW (ZSPC) recorded an outflow of $18.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are ZSPACE INC NEW's total assets?
ZSPACE INC NEW (ZSPC) had $7.6M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does ZSPACE INC NEW spend on research and development?
ZSPACE INC NEW (ZSPC) invested $5.3M in research and development during fiscal year 2025.
What is ZSPACE INC NEW's current ratio?
ZSPACE INC NEW (ZSPC) had a current ratio of 0.37 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is ZSPACE INC NEW's return on assets (ROA)?
ZSPACE INC NEW (ZSPC) had a return on assets of -334.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is ZSPACE INC NEW's P/E ratio?
ZSPACE INC NEW (ZSPC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $3.9M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is ZSPACE INC NEW's price-to-sales ratio?
ZSPACE INC NEW (ZSPC) trades at 0.2x sales, its market capitalization divided by $24.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.9M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does ZSPACE INC NEW's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, ZSPACE INC NEW (ZSPC) held $1.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $18.0M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is ZSPACE INC NEW's debt-to-equity ratio negative or not reported?
ZSPACE INC NEW (ZSPC) has negative shareholder equity of -$22.5M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is ZSPACE INC NEW's Altman Z-Score?
ZSPACE INC NEW (ZSPC) has an Altman Z-Score of -65.87, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is ZSPACE INC NEW's Piotroski F-Score?
ZSPACE INC NEW (ZSPC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ZSPACE INC NEW's earnings high quality?
ZSPACE INC NEW (ZSPC) reported a net loss of $25.4M while operations used $18.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can ZSPACE INC NEW cover its interest payments?
ZSPACE INC NEW (ZSPC) reported an operating loss of $22.1M against $1.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.