Every 10-Q that ZSPACE INC NEW (ZSPC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ZSPC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ZSPC filings page.
zSpace, Inc. develops AR/VR education solutions and reported weaker operating results for the six months ended June 30, 2026. Revenue fell to $10.6 million from $14.2 million a year earlier, with hardware, software, and services all declining. The company still posted a six‑month net loss of $6.3 million, though this improved from a $11.9 million loss in 2025.
Despite a small Q2 net income of $0.3 million, results were driven by a $4.1 million gain on extinguishment of debt and a $1.2 million gain from settlement of vendor claims, alongside fair‑value swings on convertible instruments. Liquidity remains tight with $0.9 million in cash and equivalents and $5.0 million used in operating cash flow year‑to‑date. Total liabilities of $21.5 million exceed assets of $8.3 million, leaving a stockholders’ deficit of $13.2 million. Management discloses substantial doubt about the ability to continue as a going concern. During the period, zSpace restructured about $12.0 million of debt into common and new 18% PIK preferred shares, recognized as a $5.0 million liability, and executed a 1‑for‑25 reverse stock split. The company’s stock has been suspended from Nasdaq trading and now trades on the OTC Markets, with a Nasdaq delisting expected to become final after a Form 25 is filed.
zSpace, Inc. reported Q1 2026 revenue of $5.3M, down from $6.8M a year earlier, with hardware and services declining while software was roughly flat. Net loss widened to $6.6M, though Adjusted EBITDA improved to a loss of $2.1M from $4.4M.
Cash, cash equivalents and restricted cash were $2.9M against total liabilities of $35.9M, leaving a stockholders’ deficit of $25.4M. Management states that recurring losses, negative operating cash flow and upcoming debt obligations raise “substantial doubt” about the company’s ability to continue as a going concern absent refinancing and new capital.
To address liquidity, zSpace issued $3.0M of Series P Preferred Stock (carrying an 18% PIK dividend and recorded as a $2.6M liability), completed an additional $4.3M Senior Secured Convertible Note, refinanced a $1.3M term loan, and converted $1.8M of convertible debt and interest into 278,374 common shares. A 1‑for‑25 reverse stock split was approved and effected after quarter‑end, and a large number of shares are reserved for potential future issuance under notes, preferred stock, warrants, equity plans and an equity line of credit.
zSpace, Inc. reported a weaker quarter and highlighted liquidity risk. Q3 revenue was $8.8 million, down from $14.2 million a year ago, with gross profit of $4.5 million. The company posted a net loss of $6.2 million for the quarter and $18.1 million for the nine months. Cash, cash equivalents and restricted cash were $4.3 million, while total liabilities were $33.1 million, resulting in a stockholders’ deficit of $19.7 million as of September 30, 2025.
Management disclosed “substantial doubt” about the company’s ability to continue as a going concern. To shore up liquidity, zSpace entered a senior secured convertible note for gross proceeds of $13.0 million in April, with monthly installment obligations of $665,643 beginning 90 days after closing and a conversion price initially set at $12.39 per share. The company also established a $30 million equity line of credit and had issued 1,937,141 shares for $3.6 million by quarter‑end. Common shares outstanding were 26,482,448 as of September 30, 2025, and 29,050,067 as of November 10, 2025.