Filing Flows › zSpace (ZSPC) › Q1 2025
zSpace (ZSPC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
zSpace (ZSPC) reported revenue of $6.8M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -21% from the quarter before. Operating margin was -79.7%, net loss $5.8M (86.3% of revenue).
zSpace, Q1 2025: revenue $6.8M (-14% year over year), operating margin -79.7%, net loss $5.8M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8M | -21% | -14% |
| Operating profit | −$5.4M | — | — |
| Net earnings | −$5.8M | — | — |
| Operating cash flow | −$4.6M | — | — |
What changed
Revenue was $6.8M in Q1 2025, down 14% year over year and down 21% from the previous quarter. Hardware was the largest line at 57% of revenue. Hardware lost $1.4M year over year (down 26%), 126% of the total change.
Gross margin was 47.4%, up 13.0 points from a year earlier. Operating costs exceeded revenue by $5.4M, an operating margin of -79.7%. Operating expenses fell 39% while revenue fell 14%. The quarter ended with a net loss of $5.8M, wider than the previous quarter's $3.6M loss.
Operating cash flow was −$4.6M. Non-cash charges added back $1K of depreciation and $1.0M of share-based compensation.
Questions
What was zSpace's revenue in the first quarter 2025?
zSpace (ZSPC) reported revenue of $6.8M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -21% from the quarter before.
Was zSpace profitable in the first quarter 2025?
Operating loss was $5.4M (-79.7% of revenue) and net loss $5.8M.
Source: zSpace 10-Q on SEC EDGAR.