ZSPC

Company Overview — What Does zSpace, Inc. Do?

We are a leading provider of augmented reality (AR) and virtual reality (VR) educational technology solutions. We believe that we are a recognized brand in the education market with a current focus on both United States K-12 schools and Career & Technical Education (CTE) markets. Our proprietary hardware and software platform provides the unique ability to deliver an interactive, stereoscopic three-dimensional (3D) learning experience to our users without the need to utilize VR goggles or specialty glasses. Our hands-on “learning by doing” solutions have been shown to enhance the learning process and drive higher student test scores, as evidenced by a study on the utility of 3D virtual reality technologies for student knowledge gains published in the Journal of Computer Assisted Learning in 2021. We allow students and teachers to experience learning in the classroom that may otherwise be dangerous, impossible, counterproductive, or expensive using traditional techniques. Our platform serves a broad range of critical educational tools designed for K-12 science, technology, engineering and math (STEM) lessons as well as training skilled trades in areas such as health sciences, automotive engineering/repair, Unity3D® software programming and advanced manufacturing. --- We sell our platform directly to United States school districts, both as a primary educational tool in K-12 classrooms and as a career training solution for higher grade levels, as well as to community college customers through both a direct sales and support team as well as regional resellers. Internationally, we rely exclusively on resellers to bring our products to those markets. Today, our platform is implemented in more than 3,500 of the approximately 13,000 United States public school districts. Our K-12 platform is currently deployed in over 80% of the largest 100 K-12 public school districts in the United States, as measured by student enrollment, and our CTE solutions have been deployed in approximately 73% of those public school districts we serve. Our CTE solutions have also been deployed in approximately 2% of United States community and technical colleges. In addition, we have partnered with over 25 resellers and have expanded our customer network into over 50 countries. We believe the applicability of our platform in education environments provides an opportunity for significant scale. Since 2014, we have been developing and delivering hardware and software technology focused on improving education in K-12 and CTE classrooms. We believe that our platform leads to (i) deeper understanding of content, (ii) increased motivation of students to learn, (iii) additional engagement of students with content and (iv) improved preparedness for the workforce. We believe that we have significant growth potential and that we have demonstrated a repeatable value proposition and the ability to scale our sales growth model. With a mature and tested go-to-market playbook and team in place, we are focused on scaling execution across a carefully selected set of growth vectors, including scaling in the United States, expanding internationally, investing in research and development (“R&D”), and acquiring software, both specific software applications and third party software developers, in order to increase the growth of our software offerings. Such acquisitions, if completed, are intended to be accretive to earnings and materially increase our software revenues. From a technology perspective, graphics and speed of computing have increased exponentially over time, but the physical computing experience has remained largely static since the introduction of the mouse and touchscreen in the 1980s. We believe limiting the user experience to the confines of a screen creates inherent limitations such as slowing technological breakthroughs, discouraging engagement and hampering creativity, particularly when utilizing technology as a learning tool. We were founded with the goal of eliminating that barrier between students and content and reinventing the student experience. We hope to accomplish this through a range of proprietary innovations in hardware and software that comprise the foundation of our educational platform. We believe that these innovations help to eliminate a barrier between digital content and students so that students can be immersed in content: manipulate it, experience it, and interact with it as if it were real. We are a Delaware corporation incorporated on October 26, 2006 under the name Infinite Z, Inc. On February 12, 2013, we effected a name change from Infinite Z, Inc. to zSpace, Inc. Our business is conducted through zSpace, Inc. and our other operating subsidiaries. Our principal executive office is located at 55 Nicholson Lane, San Jose, CA. zSpace, Inc. (ZSPC) is classified as a micro-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Paul Kellenberger and employs approximately 70 people, headquartered in SAN JOSE, CA. With a market capitalization of $4M, ZSPC is one of the notable companies in the Technology sector.

zSpace, Inc. (ZSPC) Stock Rating — Avoid (April 2026)

As of April 2026, zSpace, Inc. receives a Avoid rating with a composite score of 20.9/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.ZSPC ranks #4,166 out of 4,446 stocks in our coverage universe. Within the Technology sector, zSpace, Inc. ranks #537 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ZSPC Stock Price and 52-Week Range

zSpace, Inc. (ZSPC) currently trades at $0.07. The stock lost $0.01 (14.8%) in the most recent trading session. The 52-week high for ZSPC is $11.86, which means the stock is currently trading -99.4% from its annual peak. The 52-week low is $0.14, putting the stock -53.1% above its annual trough. Recent trading volume was 124.4M shares, indicating strong institutional interest and high liquidity.

Is ZSPC Overvalued or Undervalued? — Valuation Analysis

zSpace, Inc. (ZSPC) carries a value factor score of 9/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-sales ratio is 0.04x, compared to 1.06x for the average Technology stock.

At current multiples, zSpace, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

zSpace, Inc. Profitability — ROE, Margins, and Quality Score

zSpace, Inc. (ZSPC) earns a quality factor score of 35/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 0.0%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -1338.7% versus the sector average of -1.0%.

On a margin basis, zSpace, Inc. reports gross margins of 47.6%, compared to 50.9% for the sector. The operating margin is -79.5% (sector: -0.5%). Net profit margin stands at -91.1%, versus -1.5% for the average Technology stock. Revenue growth is running at -38.2% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ZSPC Debt, Balance Sheet, and Financial Health

zSpace, Inc. has a debt-to-equity ratio of -49.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 0.37x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $18M. Cash and equivalents stand at $4M.

ZSPC has a beta of 2.01, meaning it is more volatile than the broader market — a $10,000 investment in ZSPC would be expected to move 101.4% more than the S&P 500 on any given day. The stability factor score for zSpace, Inc. is 9/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

zSpace, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, zSpace, Inc. reported revenue of $28M and earnings per share (EPS) of $-1.01. Net income for the quarter was $-25M. Gross margin was 47.6%. Operating income came in at $-22M.

In FY 2025, zSpace, Inc. reported revenue of $28M and earnings per share (EPS) of $-1.01. Net income for the quarter was $-25M. Gross margin was 47.6%. Operating income came in at $-22M.

In Q3 2025, zSpace, Inc. reported revenue of $9M and earnings per share (EPS) of $-0.26. Net income for the quarter was $-6M. Gross margin was 51.2%. Operating income came in at $-5M.

In Q2 2025, zSpace, Inc. reported revenue of $7M and earnings per share (EPS) of $-0.27. Net income for the quarter was $-6M. Gross margin was 42.5%. Operating income came in at $-6M.

Over the past 5 quarters, zSpace, Inc. has demonstrated a growth trajectory, with revenue expanding from $7M to $28M. Investors analyzing ZSPC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

ZSPC Dividend Yield and Income Analysis

zSpace, Inc. (ZSPC) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

ZSPC Momentum and Technical Analysis Profile

zSpace, Inc. (ZSPC) has a momentum factor score of 6/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 40/100 reflects moderate short selling activity.

ZSPC vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, zSpace, Inc. (ZSPC) ranks #537 out of 584 stocks based on the Blank Capital composite score. This places ZSPC in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing ZSPC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ZSPC vs S&P 500 (SPY) comparison to assess how zSpace, Inc. stacks up against the broader market across all factor dimensions.

ZSPC Next Earnings Date

No upcoming earnings date has been announced for zSpace, Inc. (ZSPC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ZSPC? — Investment Thesis Summary

The quantitative profile for zSpace, Inc. suggests caution. The quality score of 35/100 flags below-average profitability. The value score of 9/100 indicates premium valuation. Momentum is weak at 6/100, a headwind for near-term performance. High volatility (stability score 9/100) increases portfolio risk.

In summary, zSpace, Inc. (ZSPC) earns a Avoid rating with a composite score of 20.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ZSPC stock.

Related Resources for ZSPC Investors

Explore more research and tools: ZSPC vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ZSPC head-to-head with peers: ZSPC vs IHS, ZSPC vs VRSN, ZSPC vs ESE.