SequelSEC

zSpace, Inc. ZSPC

Services-Prepackaged Software · CIK 0001637147 · Fiscal year ends 1231

Revenue
$27.86M
Fiscal year ended 2025-12-31
Operating income
-$22.14M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$16.20MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$0.42Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue0.6×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Services-Prepackaged Software filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth-26.9%9th
SBC / revenue25.6%87th
Current ratio0.37x14th
Gross margin47.6%17th
Operating margin-79.5%19th
Net margin-91.1%20th
R&D / revenue19.0%38th

zSpace, Inc. (ZSPC) reported revenue of $27.86M and net income of -$25.39M for the fiscal year ended 2025-12-31. This page shows 2 annual periods of income statement, balance sheet and cash flow figures normalized from zSpace, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.

Income

zSpace, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-31
Revenue$27.86M$38.10M
Cost of revenue$14.60M$22.53M
Gross profit$13.26M$15.57M
Operating income-$22.14M-$17.66M
Net income-$25.39M-$20.82M
Research & development$5.30M$4.89M
Weighted-average diluted sharesshares 25.04Mshares 23.13M
Pretax income-$25.37M-$20.79M
Income tax expense$14.00K$34.00K
Diluted EPS$-1.01$1.03
Selling, general & administrative$30.10M$28.33M
General & administrative$13.87M$12.42M
Selling & marketing$16.23M$15.92M

Balance

zSpace, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-31
Cash & equivalentsUnavailableUnavailable
Total assets$7.59M$13.53M
Current assets$6.48M$12.93M
Total liabilities$30.09M$28.22M
Current liabilities$17.31M$20.89M
Total equity incl. NCI-$22.51M-$14.69M
Temporary (mezzanine) equityUnavailableUnavailable
Inventory$2.40M$3.24M
Accounts receivable$1.44M$3.18M
GoodwillUnavailableUnavailable
Long-term debt$10.11M$6.19M
Accounts payable$4.08M$5.66M

Cash flow

zSpace, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-31
Operating cash flow-$17.97M-$8.87M
Capital expendituresUnavailableUnavailable
Investing cash flow-$26.00K-$13.00K
Financing cash flow$14.38M$10.48M
Net change in cash-$3.84M$1.74M
Stock-based compensation$7.12M$7.74M
Common dividends paidUnavailableUnavailable
Common share repurchasesUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailable

Derived

zSpace, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-31
Free cash flowUnavailableUnavailable
Gross margin47.6%40.9%
Operating margin-79.5%-46.3%
FCF marginUnavailableUnavailable
SBC / revenue25.6%20.3%
Current ratio0.37x0.62x
Revenue YoY growth-26.9%Unavailable
Net margin-91.1%-54.7%
R&D / revenue19.0%12.8%
CapEx / revenueUnavailableUnavailable
Long-term debt / equityUnavailableUnavailable
Effective tax rateUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ZSPC in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-14View SEC filing
10-Q · Filed 2026-05-15View SEC filing
10-K · Filed 2026-03-30View SEC filing
10-Q · Filed 2025-11-13View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-14View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.