zSpace cash flow, quarter by quarter

In Q2 2026, zSpace generated −$2.0M of operating cash flow. That is $5.0M more than in Q2 2025 (−$6.9M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$11.4M; the largest uses were operating cash flow ($11.4M), other investing ($16K); besides operations, cash came from other financing ($7.0M), net borrowing (+) / repaid (−) ($4.0M); the cash balance fell by $534K.

Operating cash flow was −$2.0M against net income of $287K — -6.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: stock-based pay +$1.6M, deferred revenue +$451K, accrued liabilities −$343K.

Its cash conversion cycle was -17 days (receivables 44 + inventory 78 − payables 139): suppliers fund its working capital.

zSpace is burning cash: its operations consume cash, a free cash flow of −$11.4M a year at the current rate against $145K of cash and investments: a runway of about 0 months; $2.9M of debt also comes due within a year, which would need refinancing or new money before any new financing.