zSpace
Glasses-free immersive learning tools for schools and career training.
Something off on this page? Send us feedback.
Profile
zSpace provides AR/VR education technology for K-12, career and technical education, and selected international markets. Its platform combines glasses-free 3D laptops, stylus interaction, learning software, and implementation services.
zSpace, Inc. is a San Jose educational technology company that builds augmented and virtual reality learning systems for U.S. K-12 schools, career and technical education programs, community colleges, and selected overseas markets. Its platform combines proprietary laptops, tracked styluses, learning applications, management software, and services that help schools deploy and train staff on the system.
The Inspire and Imagine laptops deliver autostereoscopic 3D visuals without VR goggles or specialty glasses, while the stylus lets learners interact with virtual objects as if they were in open space. Revenue is generated from hardware sales, recurring software access, and implementation, professional development, warranty, and support services. The business depends on school funding cycles, reseller execution outside the United States, outsourced OEM manufacturing, and access to additional capital.
Company facts
Key statistics
Year to date −98.9% · Average volume (30d) 46.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| May 18, 2026 | Barrington Research | Downgrade | Outperform | Market Perform |
| Mar 31, 2025 | Northland Capital Markets | Upgrade | Market Perform | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.13 | −$0.16 | −23.1% | $7.9M | $5.4M | −31.7% | −18.82% |
| May 15, 2026Q1 FY26 | −$1.00 | −$2.82 | −182.0% | $5.8M | $5.3M | −9.3% | −12.82% |
| May 14, 2026Q1 FY26 | −$1.50 | −$2.82 | −88.0% | $5.3M | $5.3M | +0.3% | −15.22% |
| Mar 30, 2026Q4 FY25 | −$4.50 | −$5.13 | −13.9% | $6.2M | $4.8M | −21.8% | +0.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.8M | $7.5M | $8.8M | $4.8M | $5.3M | $5.4M | |
| Gross profit | $3.2M | $3.2M | $4.5M | $2.4M | $2.8M | $3.0M | |
| Operating income | −$5.4M | −$6.3M | −$4.8M | −$5.6M | −$3.9M | −$3.7M | |
| Net income | −$5.8M | −$6.1M | −$6.2M | −$7.3M | −$6.6M | $288.0K | |
| Diluted EPS | −$6.38 | −$6.64 | −$6.42 | −$7.27 | −$4.70 | $0.01 | |
| Gross margin | 47.4% | 42.6% | 51.2% | 49.1% | 53.1% | 56.4% | |
| Operating margin | -79.7% | -84.9% | -54.5% | -116.2% | -74.9% | -69.2% |
Fiscal years (4-quarter sums)FY24 $38.1M · FY25 $27.9M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $856 · Total debt $6.5M · Total assets $8.3M · Shareholders' equity −$13.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 4.80M · Float 4.05M · 84.4% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| 3i, LP | 336.2K | 9.90% | 13G | Apr 23, 2026 |
| AQR Capital Management, LLC | 187.6K | 12.13% | 13G | May 7, 2026 |
| Paul Kellenberger · director, officer: Chief Executive Officer | 5.7K | 0.12% | Form 4 | Jul 7, 2026 |
| Michael S. Harper · officer: See remarks | 3.5K | 0.07% | Form 4 | Jul 7, 2026 |
| Erick DeOliveira · officer: Chief Financial Officer | 3.4K | 0.07% | Form 4 | Jul 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 16, 2026 | AQR Capital Management Holdings, LLC | 10 percent owner | −161 | $0.0870 |
| Apr 15, 2026 | AQR Capital Management Holdings, LLC | 10 percent owner | −7,117 | $0.0710 |
| Apr 15, 2026 | AQR Capital Management Holdings, LLC | 10 percent owner | +860,716 | $0.0710 |
| Apr 7, 2026 | Erick DeOliveira | officer: Chief Financial Officer | −13,066 | $0.0740 |
| Apr 7, 2026 | Paul Kellenberger | director, officer: Chief Executive Officer | −20,758 | $0.0740 |
Peers
Not reported.