zSpace, 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 hardware products to produce devices that deliver a 3D experience that includes Inspire, a current generation laptop product that delivers autostereoscopic 3D graphics which does not require any eyewear or headset; Imagine, a fourth-generation laptop product which delivers autostereoscopic 3D graphics not requiring any eyewear or headset and uses the zSpace hand-held stylus; and Tracked stylus which allows users to interact with the projection of the 3D information, as well as precise interaction with the virtual objects in open space. It also develops and delivers platform management software that enables the distribution, licensing, and management of web enabled applications; and end user applications. In addition, the company provides implementation and professional development services; and 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 headquartered in San Jose, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $28M | $-24M | $-25M | $-18M | 112.8% | -26.9% | 21.9% |
| 2024 | $38M | $-18M | $-21M | $-9M | 141.8% | -13.3% | 59.7% |
| 2023 | $44M | $-10M | $-13M | $-6M | 10.0% | 22.7% | -14.1% |
| 2022 | $36M | $-11M | $-15M | $-9M | 13.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 35.78 | 43.92 | 38.10 | 27.86 |
| Operating Revenue | 35.78 | 43.92 | 38.10 | 27.86 |
| Cost Of Revenue | 22.66 | 27.03 | 22.53 | 14.60 |
| Gross Profit | 13.13 | 16.89 | 15.57 | 13.26 |
| Operating Expense | 23.03 | 25.51 | 33.23 | 35.40 |
| Research And Development | 4.67 | 4.22 | 4.89 | 5.30 |
| Selling General And Administration | 18.36 | 19.61 | 28.33 | 30.10 |
| Total Expenses | 45.69 | 52.54 | 55.76 | 50 |
| Operating Income | -9.90 | -8.62 | -17.66 | -22.14 |
| Total Operating Income As Reported | -9.90 | -8.62 | -17.66 | -22.14 |
| EBITDA | -11.38 | -10.10 | -17.96 | -23.89 |
| Normalized EBITDA | -10.05 | -8.56 | -17.60 | -23.89 |
| EBIT | -11.43 | -10.13 | -17.97 | -23.90 |
| Interest Expense | 3.70 | 2.90 | 2.82 | 1.48 |
| Net Interest Income | -3.70 | -2.90 | -2.82 | -1.48 |
| Other Non Operating Income Expenses | -0.20 | 0.02 | 0.04 | -1.76 |
| Other Income Expense | -1.53 | -1.52 | -0.32 | -1.76 |
| Interest Expense Non Operating | 3.70 | 2.90 | 2.82 | 1.48 |
| Net Non Operating Interest Income Expense | -3.70 | -2.90 | -2.82 | -1.48 |
| Pretax Income | -15.13 | -13.03 | -20.79 | -25.37 |
| Tax Provision | 0.04 | 0 | 0.03 | 0.01 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | -0.08 | 0 |
| Net Income Continuous Operations | -15.17 | -13.04 | -20.82 | -25.39 |
| Net Income From Continuing And Discontinued Operation | -15.17 | -13.04 | -20.82 | -25.39 |
| Net Income From Continuing Operation Net Minority Interest | -15.17 | -13.04 | -20.82 | -25.39 |
| Net Income | -15.17 | -13.04 | -20.82 | -25.39 |
| Net Income Common Stockholders | -15.17 | -19.27 | 22.52 | -25.39 |
| Net Income Including Noncontrolling Interests | -15.17 | -13.04 | -20.82 | -25.39 |
| Normalized Income | -13.84 | -11.50 | -20.54 | -25.39 |
| Diluted NI Availto Com Stockholders | -15.17 | -19.27 | 23.75 | -25.39 |
| Basic Average Shares | 0.90 | 0.90 | 0.91 | 1 |
| Diluted Average Shares | 0.90 | 0.90 | 0.91 | 1 |
| Reconciled Depreciation | 0.05 | 0.03 | 0.01 | 0.01 |
| Reconciled Cost Of Revenue | 22.66 | 27.03 | 22.53 | 14.60 |
| Total Unusual Items | -1.33 | -1.54 | -0.36 | 0 |
| Total Unusual Items Excluding Goodwill | -1.33 | -1.54 | -0.36 | 0 |
| Special Income Charges | -1.33 | -1.54 | -0.36 | 0 |
| Other Special Charges | 1.33 | 1.54 | 0.36 | - |
| General And Administrative Expense | 6.78 | 6.71 | 12.42 | 13.87 |
| Other Gand A | 6.78 | 6.71 | 12.42 | 13.87 |
| Other Operating Expenses | - | 1.68 | - | - |
| Selling And Marketing Expense | 11.58 | 12.90 | 15.92 | 16.23 |
| Otherunder Preferred Stock Dividend | - | 6.23 | -43.35 | 0 |
| Average Dilution Earnings | - | 0 | 1.22 | 0 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| zSpace, Inc.this co. | ZSPC | $1M | -0.04 | -0.04 | 112.8% | -0.75 |
| MicroVision, Inc. | MVIS | $143M | -1.50 | 2.57 | -171.0% | -2.08 |
| TTEC Holdings, Inc. | TTEC | $112M | - | 1.17 | -202.5% | - |
| Expensify, Inc. | EXFY | $111M | -5.19 | 0.84 | -16.1% | -5.60 |
| Airship AI Holdings, Inc. | AISP | $108M | 3.69 | -15.13 |
| -410.1% |
| -14.22 |
| SoundThinking, Inc. | SSTI | $99M | -10.51 | 1.37 | -13.1% | 159.23 |
| CSP Inc. | CSPI | $94M | -1029.32 | 2.10 | -0.2% | -114.33 |
| AudioEye, Inc. | AEYE | $90M | -29.36 | 18.80 | -64.1% | 177.33 |
| Neonode Inc. | NEON | $31M | 3.66 | 1.26 | 34.4% | 0.79 |
| Peer Median | - | -5.19 | 1.31 | -40.1% | -2.08 | |
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historically, Dec has averaged the highest return (+10.8%); Nov the lowest (-55.2%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -11.5%Negative MonthJan 2026: -11.46% | -36.7%Negative MonthFeb 2026: -36.69% | -56.8%Negative MonthMar 2026: -56.82% | -95.1%Negative MonthApr 2026: -95.09% | +25.7%Positive MonthMay 2026: +25.71% | +17.0%Positive MonthJun 2026: +17.05% | -17.5%Negative MonthJul 2026: -17.48% | +17.6%*Positive MonthAug 2026: +17.65% | — | — | — | — |
| 2025 | +11.1%Positive MonthJan 2025: +11.08% | -27.0%Negative MonthFeb 2025: -27.03% | -42.5%Negative MonthMar 2025: -42.47% | +12.8%Positive MonthApr 2025: +12.82% | -47.4%Negative MonthMay 2025: -47.43% | -25.8%Negative MonthJun 2025: -25.82% | -13.2%Negative MonthJul 2025: -13.19% | -25.4%Negative MonthAug 2025: -25.44% | -53.6%Negative MonthSep 2025: -53.55% | -3.2%Negative MonthOct 2025: -3.16% | -55.2%Negative MonthNov 2025: -55.22% | +10.8%Positive MonthDec 2025: +10.82% |
| 2024 | — | — | — | — | — | — | — | — | — | — | — | — |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 3 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.