zSpace, Inc.
zspace.comWhat Do They Do?
Sells interactive learning laptops and related hardware to schools, career-training programs, and colleges, alongside educational software and training services.
10-K for FY2025, filed Mar 30, 2026We are a leading provider of augmented reality (AR) and virtual reality (VR) educational technology products. We focus on United States…View ↗
Hardware. Our proprietary hardware is the enabler of the 3D learning experience on our platform, allowing students to interact directly…View ↗
Software. We develop and deliver both platform management software, enabling the easy distribution, licensing and management of web enabled…View ↗
Services. Implementation and professional development services are part of the overall solution we offer to our customers so they can…View ↗
How Do They Make Money?
Hardware revenue comes from laptops and related equipment delivered to education customers. Software is sold as licenses or subscriptions, and services include installation and training; software and service invoices are generally sent annually in advance.
10-K for FY2025, filed Mar 30, 2026Hardware: Hardware sales represent separate performance obligations, all of which are satisfied at a point in time when the hardware is…View ↗
We derive software applications revenue from the sale of licenses and subscription plans to the software applications available on our…View ↗
We typically invoice our customers annually in advance of providing software and services. Software sales consist of licenses of our…View ↗
Services: The Company offers installation and/or training services for its products, both of which are separate performance obligations and…View ↗
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10-K for FY2025, filed Mar 30, 2026
FY2025 revenue by product or service ↗
$27.9M
-
10-K for FY2025, filed Mar 30, 2026
$27.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Hardware
Sold outright
10-K for FY2025, filed Mar 30, 2026 |
51% |
Hardware, FY2025
$14.2M Sources
|
Sold outright |
|
Software
Mix
10-K for FY2025, filed Mar 30, 2026 |
38% |
Software, FY2025
$10.6M Sources
|
Mix |
|
Services
|
11% |
Services, FY2025
$3.1M Sources
|
Who Are Their Customers?
U.S. school districts buy directly; community colleges use the company's direct team or regional resellers, while international customers buy through resellers.
10-K for FY2025, filed Mar 30, 2026
Do Revenues Turn Into Profits?
No. It lost $25.4M in FY2025.
10-K for FY2025, filed Mar 30, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
$288KView ↗
- ▲ Now profitable
- vs −$6.1M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 14, 2026
Open tableView ↗
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Sep 9, 2026
Plans to withdraw shares from Nasdaq and end their public registration
After Nasdaq denied its appeal, the company plans to remove its shares from the exchange and end their registration under securities law.
Sources
8-K, filed Sep 15, 2026
On September 15, 2026, zSpace, Inc. (the “Company”) provided written notice to The Nasdaq Stock Market LLC (“Nasdaq”), in accordance with…View ↗
Who Do They Compete With?
Competes with Chegg, Coursera, Docebo, Duolingo, Instructure, Kahoot, Powerschool, Udemy, Degreed, LinkedIn, Pluralsight, Apple, Google, Meta Platforms, Matterport, Unity Software, Khan Academy, The Wikipedia Foundation, Avantis Education, and Prisms VR
10-K for FY2025, filed Mar 30, 2026Companies that provide technology solutions and services to educators and students, such as Chegg, Coursera, Docebo, Duolingo, Instructure…View ↗
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