Filing Flows › zSpace (ZSPC) › Q1 2026 › vs Q1 2025
zSpace (ZSPC) Q1 2026 vs Q1 2025 (year over year)
zSpace's revenue fell $1.5M (-22%) from $6.8M in Q1 2025 to $5.3M in Q1 2026. The biggest changes: Hardware −$1.0M (-27%); Services −$483K (-49%); Software +$9K (+0.5%).
zSpace, Q1 2026: revenue $5.3M (-22% year over year), operating margin -74.9%, net loss $6.6M, operating cash flow −$3.0M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Hardware | $2.8M | $3.8M | −$1.0M | -27% |
| Software | $2.0M | $2.0M | $9K | +0.5% |
| Services | $495K | $978K | −$483K | -49% |
| Revenue | $5.3M | $6.8M | −$1.5M | -22% |
| Net loss | $6.6M | $5.8M | $725K | +12% |
| Costs & expenses | $11.8M | $12.6M | −$783K | -6% |
| Operating costs | $9.2M | $12.1M | −$3.0M | -24% |
| Interest & other, net | $2.6M | $446K | $2.2M | +489% |
| Cost of revenue | $2.5M | $3.6M | −$1.1M | -31% |
| Research & development | $992K | $1.1M | −$103K | -9% |
| Sales & marketing | $2.4M | $4.0M | −$1.6M | -40% |
| General & admin | $3.3M | $3.5M | −$180K | -5% |
| Operating cash sources | $6.6M | $5.8M | $725K | +12% |
| Depreciation | $3K | $1K | $2K | +200% |
| Share-based compensation | $1.6M | $973K | $578K | +59% |
| Working capital & other | $2.0M | $217K | $1.8M | +813% |
| Cash used in operations | $3.0M | $4.6M | −$1.6M | -35% |
| Net loss absorbed | $6.6M | $5.8M | $725K | +12% |
Questions
How much did zSpace's revenue grow year over year in Q1 2026?
zSpace's revenue fell $1.5M (-22%) from $6.8M in Q1 2025 to $5.3M in Q1 2026.
What drove zSpace's revenue change in Q1 2026?
Hardware −$1.0M (-27%); Services −$483K (-49%); Software +$9K (+0.5%).