Short answer
zSpace, Inc. (ZSPC) filed its Q1 2026 10-Q quarterly report on May 15, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $5M (down 22.3% year over year) with net income of −$7M.
Q1 2026 key financials · XBRL
- Revenue
- $5M
- −22.3% YoY
- Net income
- −$7M
- −12.4% YoY
- Operating margin
- -74.9%
- Gross margin
- 53.1%
- EPS (diluted)
- −$4.70
- −1707.7% YoY
Source: XBRL data from the zSpace, Inc. (ZSPC) Q1 2026 10-Q on SEC EDGAR. USD.
zSpace, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $5.251M, down 22% YoY from $6.759M, driven by hardware and services declines
- Gross margin 53% vs 47% YoY; net loss $6.557M vs $5.832M
- Best segment software revenue $1.961M, flat YoY; software margin 70% vs 66%
- Worst segment services revenue $495K, down 49% YoY; services margin 44% vs 53%
- Bookings $6.121M vs $6.659M; K-12 funding disruption and tariff volatility elongated sales cycles
Risk Factors
- No risk-factors section provided, preventing assessment of new or changed risks versus the 10-K
- New Series P preferred stock designation filed January 27, 2026
- $4.3 million senior secured convertible note dated March 16, 2026
- $1.34 million business loan and security agreement dated March 19, 2026
- Loan and Security Agreement amended March 22, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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