ZSPC on OTC
zSpace, Inc.
We are a leading provider of augmented reality (AR) and virtual reality (VR) educational technology products.3 From its latest annual report
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with Great Elm Group, Inc., DUOS TECHNOLOGIES GROUP, INC. or QUANTUM X LABS INC., or pick any stock.
- TickerZSPC on OTC1
- IndustryServices-Prepackaged Software1
- HeadquartersSan Jose, California1
- Incorporated inDE2
- Business address2050 Gateway Place, Suite 100-302, San Jose, Ca 951102
- Filer category, Emerging growth company2
See how the biggest companies compare on our leaderboards
We are a leading provider of augmented reality (AR) and virtual reality (VR) educational technology products. We focus on United States K-12 schools, the Career & Technical Education (CTE) sector and select international 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.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Hardware brought in 51% of the revenue zSpace, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Hardware | $22.0M | $14.2M |
| Software | $12.9M | $10.6M |
| Service | $3.2M | $3.1M |
Regions
United States brought in 85% of the revenue zSpace, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $33.5M | $23.6M |
| Outside the United States | $4.6M | $4.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue52¢$14.6M
- Research and development19¢$5.3M
- Other costs29¢$7.9M
- Income tax0¢$14.0K
Out of $27.9M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $27.9M | $38.1M |
| Cost of goods sold | $14.6M | $22.5M |
| Gross profit | $13.3M | $15.6M |
| Research and development | $5.3M | $4.9M |
| Selling and marketing | $16.2M | $15.9M |
| General and administrative | $13.9M | $12.4M |
| Total operating expenses | $35.4M | $33.2M |
| Loss from operations | -$22.1M | -$17.7M |
| Interest expense | -$1.5M | -$2.8M |
| Other income, net | $190.0K | $43.0K |
| Loss on extinguishment of debt | -$359.0K | |
| Loss on change in fair value of convertible debt | -$1.9M | |
| Loss before income taxes | -$25.4M | -$20.8M |
| Income tax expense | $14.0K | $34.0K |
| Net loss | -$25.4M | -$20.8M |
| Foreign currency translation adjustment | -$186.0K | $101.0K |
| Comprehensive loss | -$25.6M | -$20.7M |
| Net (loss) income available to common shareholders used in basic earnings per share | -$25.4M | $22.5M |
| Net (loss) income available to common shareholders used in diluted earnings per share | -$25.4M | $23.7M |
| Net (loss) income per common share - basic | -$1.01 | $13.03 |
| Net (loss) income per common share - diluted | -$1.01 | $1.03 |
| Weighted-average common shares outstanding - basic | 25.0M shares | 1.7M shares |
| Weighted-average common shares outstanding - diluted | 25.0M shares | 23.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash, cash equivalents and restricted cash | $1.0M | $4.9M | $3.1M |
| Accounts receivable, net of allowance for credit losses of $94 and $44 | $1.4M | $3.2M | |
| Inventory, net | $2.4M | $3.2M | |
| Prepaid expenses and other current assets | $1.6M | $1.7M | |
| Total current assets | $6.5M | $12.9M | |
| Property and equipment, net | $37.0K | $21.0K | |
| Capitalized software, net | $981.0K | $578.0K | |
| Other assets | $83.0K | ||
| Total assets | $7.6M | $13.5M | |
| Accounts payable | $4.1M | $5.7M | |
| Accrued expenses and other current liabilities | $3.7M | $5.4M | |
| Convertible debt | $6.2M | ||
| Other current debt | $1.4M | $5.8M | |
| Current accrued interest | $12.0K | $783.0K | |
| Deferred revenue, current portion | $1.9M | $3.3M | |
| Total current liabilities | $17.3M | $20.9M | |
| Convertible debt, noncurrent | $2.7M | ||
| Other noncurrent debt | $7.4M | $6.2M | |
| Noncurrent accrued interest | $2.4M | $819.0K | |
| Deferred revenue, net of current portion | $320.0K | $318.0K | |
| Total liabilities | $30.1M | $28.2M | |
| Additional paid-in capital | $293.1M | $275.4M | |
| Accumulated other comprehensive income | $143.0K | $329.0K | |
| Accumulated deficit | -$315.8M | -$290.4M | |
| Total stockholders' deficit | -$22.5M | -$14.7M | -$130.5M |
| Total liabilities and stockholders' deficit | $7.6M | $13.5M | |
| Accounts receivable, allowance for credit loss | $94.0K | $44.0K | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |
| Common stock, shares issued | 32.4M shares | 22.8M shares | |
| Common stock, shares outstanding | 32.4M shares | 22.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash, cash equivalents and restricted cash | $1.0M | $4.9M | $3.1M |
| Accounts receivable, net of allowance for credit losses of $94 and $44 | $1.4M | $3.2M | |
| Inventory, net | $2.4M | $3.2M | |
| Prepaid expenses and other current assets | $1.6M | $1.7M | |
| Total current assets | $6.5M | $12.9M | |
| Property and equipment, net | $37.0K | $21.0K | |
| Capitalized software, net | $981.0K | $578.0K | |
| Other assets | $83.0K | ||
| Total assets | $7.6M | $13.5M | |
| Accounts payable | $4.1M | $5.7M | |
| Accrued expenses and other current liabilities | $3.7M | $5.4M | |
| Convertible debt | $6.2M | ||
| Other current debt | $1.4M | $5.8M | |
| Current accrued interest | $12.0K | $783.0K | |
| Deferred revenue, current portion | $1.9M | $3.3M | |
| Total current liabilities | $17.3M | $20.9M | |
| Convertible debt, noncurrent | $2.7M | ||
| Other noncurrent debt | $7.4M | $6.2M | |
| Noncurrent accrued interest | $2.4M | $819.0K | |
| Deferred revenue, net of current portion | $320.0K | $318.0K | |
| Total liabilities | $30.1M | $28.2M | |
| Additional paid-in capital | $293.1M | $275.4M | |
| Accumulated other comprehensive income | $143.0K | $329.0K | |
| Accumulated deficit | -$315.8M | -$290.4M | |
| Total stockholders' deficit | -$22.5M | -$14.7M | -$130.5M |
| Total liabilities and stockholders' deficit | $7.6M | $13.5M | |
| Accounts receivable, allowance for credit loss | $94.0K | $44.0K | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |
| Common stock, shares issued | 32.4M shares | 22.8M shares | |
| Common stock, shares outstanding | 32.4M shares | 22.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$25.4M | -$20.8M |
| Change in fair value of convertible debt | $1.9M | |
| Non-cash amortization of other debt discount | $66.0K | $59.0K |
| Change in fair value of embedded derivative | -$158.0K | |
| Provision for excess and obsolete inventory | $227.0K | $402.0K |
| Stock-based compensation expense | $7.1M | $7.7M |
| Depreciation | $10.0K | $12.0K |
| Bad debt expense | $91.0K | |
| Loss on extinguishment of debt | $359.0K | |
| Accounts receivable | $1.6M | $1.9M |
| Inventory | $652.0K | -$105.0K |
| Prepaid expenses and other assets | -$498.0K | -$256.0K |
| Accounts payable | -$1.6M | $921.0K |
| Accrued expenses | -$1.6M | -$1.1M |
| Deferred revenue | -$1.4M | $601.0K |
| Accrued interest | $764.0K | $1.6M |
| Net cash used in operating activities | -$18.0M | -$8.9M |
| Capital expenditures | -$26.0K | -$13.0K |
| Net cash used in investing activities | -$26.0K | -$13.0K |
| Proceeds from convertible debt | $13.0M | $5.0M |
| Repayments of convertible debt | -$1.1M | |
| Proceeds from other debt issuances | $4.0M | $3.5M |
| Fees paid for debt issuance | -$61.0K | -$18.0K |
| Repayment of other debt issuances | -$7.2M | -$5.5M |
| Proceeds from initial public offering, net of underwriting fees of $0.8 million | $10.0M | |
| Proceeds from issuance of common stock from equity line-of-credit | $5.6M | |
| Fees paid for deferred offering costs | -$2.5M | |
| Proceeds from exercise of common stock options | $157.0K | $34.0K |
| Net cash provided by financing activities | $14.4M | $10.5M |
| Effects of exchange rate changes on cash and cash equivalents | -$230.0K | $141.0K |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -$3.8M | $1.7M |
| Cash paid for interest | $579.0K | $1.7M |
| Cash paid for income taxes | $17.0K | |
| Leased assets obtained in exchange for new operating lease liabilities | $295.0K | |
| Issuance of NCNV in exchange for related party debt and accrued interest | $5.2M | |
| Issuance of SAFE agreements in exchange for accrued liabilities | $3.2M | |
| Conversion of convertible debt principal and interest payments into common stock | $4.9M | |
| Conversion of Series A preferred stock into common stock in connection with initial public offering | $3.0M | |
| Conversion of debt into common stock in connection with initial public offering | $5.9M | |
| Conversion of temporary redeemable preferred stock into common stock in connection with initial public offering | $65.5M | |
| Underwriting fees | $800.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led zSpace, Inc., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerPaul Kellenberger Dec 4, 2024 to now7
- Chief financial officerErick Deoliveira Dec 4, 2024 to now8
Board members and other officers (8)
- Chief Sales OfficerRonald Rheinheimer Dec 4, 2024 to now9
- Board memberAbhay Pande Dec 4, 2024 to now10
- Board memberAngela Prince Dec 4, 2024 to now11
- Board memberErick Deoliveira Dec 4, 2024 to now8
- Board memberJane Swift Dec 4, 2024 to now12
- Board memberJoanna Morris Dec 4, 2024 to now13
- Board memberPankaj Gupta Dec 4, 2024 to now14
- Board memberPaul Kellenberger Dec 4, 2024 to now7
Timeline
- Dec 4, 2024New chief executive Paul Kellenberger becomes CEO7
Filings
222 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 30 major events, 95 insider forms, 6 large holders, 84 other. The latest 20:
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 25, 202625 EDGAR
- Sep 15, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
The 222 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
26 open-market trades by officers, directors and large owners since October 2021: 1 buys and 25 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 16, 2026 | AQR CAPITAL MANAGEMENT LLC10% owner | Sale | 161 | $0.09 | $14 | Form 4 |
| Apr 15, 2026 | AQR CAPITAL MANAGEMENT LLC10% owner | Buy | 860,716 | $0.07 | $60.2K | Form 4 |
| Apr 15, 2026 | AQR CAPITAL MANAGEMENT LLC10% owner | Sale | 7,117 | $0.07 | $498 | Form 4 |
| Apr 7, 2026 | Kellenberger PaulChief Executive Officer | Sale | 20,758 | $0.07 | $1.5K | Form 4 |
| Apr 7, 2026 | DeOliveira ErickChief Financial Officer | Sale | 13,066 | $0.07 | $915 | Form 4 |
| Apr 7, 2026 | HARPER MICHAEL SSee remarks | Sale | 7,586 | $0.07 | $531 | Form 4 |
| Jan 6, 2026 | Kellenberger PaulChief Executive Officer | Sale | 12,453 | $0.52 | $6.5K | Form 4 |
| Jan 6, 2026 | DeOliveira ErickChief Financial Officer | Sale | 7,839 | $0.52 | $4.1K | Form 4 |
| Jan 6, 2026 | HARPER MICHAEL SSee remarks | Sale | 4,550 | $0.52 | $2.4K | Form 4 |
| Oct 6, 2025 | Kellenberger PaulChief Executive Officer | Sale | 10,852 | $0.99 | $10.7K | Form 4 |
| Oct 6, 2025 | DeOliveira ErickChief Financial Officer | Sale | 6,831 | $0.99 | $6.8K | Form 4 |
| Oct 6, 2025 | HARPER MICHAEL SSee remarks | Sale | 3,748 | $0.99 | $3.7K | Form 4 |
| Jul 16, 2025 | Kellenberger PaulChief Executive Officer | Sale | 1,491 | $2.63 | $3.9K | Form 4 |
| Jul 16, 2025 | DeOliveira ErickChief Financial Officer | Sale | 3,404 | $2.63 | $9.0K | Form 4 |
| Jul 15, 2025 | DeOliveira ErickChief Financial Officer | Sale | 3,197 | $2,785.00 | $8.9M | Form 4 |
| Jul 15, 2025 | Kellenberger PaulChief Executive Officer | Sale | 1,407 | $2.79 | $3.9K | Form 4 |
| Jul 14, 2025 | Kellenberger PaulChief Executive Officer | Sale | 1,415 | $2.77 | $3.9K | Form 4 |
| Jul 14, 2025 | HARPER MICHAEL SSee remarks | Sale | 2,197 | $2.77 | $6.1K | Form 4 |
| Jul 11, 2025 | HARPER MICHAEL SSee remarks | Sale | 2,108 | $2.76 | $5.8K | Form 4 |
| Jul 11, 2025 | Kellenberger PaulChief Executive Officer | Sale | 1,384 | $2.76 | $3.8K | Form 4 |
All 26 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings May 7, 2026 to Jul 8, 202615
- 3i, LPSCHEDULE 13G, 1 filing Apr 23, 202616
- Fiza Investments LtdSCHEDULE 13G, 1 filing Feb 14, 202517
- bSpace Investments LtdSCHEDULE 13G, 1 filing Feb 14, 202518
- dSpace Investments LtdSCHEDULE 13G, 1 filing Feb 14, 202519
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| GAMMA Investing LLC | 161 | $33 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARzSpace, Inc. filings on SEC EDGAR
- 2SEC EDGARzSpace, Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARzSpace, Inc. 10-K for fiscal 2025
- 5SEC EDGARzSpace, Inc. 10-Q for fiscal 2026
- 6SEC EDGARzSpace, Inc. 10-Q for fiscal 2026
- 7
- 8
- 9
- 10SEC EDGARAbhay Pande, Board member
- 11SEC EDGARAngela Prince, Board member
- 12SEC EDGARJane Swift, Board member
- 13SEC EDGARJoanna Morris, Board member
- 14SEC EDGARPankaj Gupta, Board member
- 15
- 16SEC EDGAR3i, LP SCHEDULE 13G on zSpace, Inc.
- 17
- 18
- 19