Filing Flows › zSpace (ZSPC) › Q1 2026
zSpace (ZSPC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
zSpace (ZSPC) reported revenue of $5.3M for the first quarter 2026 (Q1 2026), -22% from a year earlier and +8% from the quarter before. Operating margin was -74.9%, net loss $6.6M (124.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3M | +8% | -22% |
| Operating profit | −$3.9M | — | — |
| Net earnings | −$6.6M | — | — |
| Operating cash flow | −$3.0M | — | — |
What changed
Revenue was $5.3M in Q1 2026, down 22% year over year and up 8% from the previous quarter. Hardware was the largest line at 53% of revenue. Hardware lost $1.0M year over year (down 27%), 69% of the total change.
Gross margin was 53.1%, up 5.6 points from Q1 2025. Operating costs exceeded revenue by $3.9M, an operating margin of -74.9%. Operating expenses fell 22% while revenue fell 22%. The quarter ended with a net loss of $6.6M, narrower than the previous quarter's $7.3M loss.
Operating cash flow was −$3.0M. Non-cash charges added back $3K of depreciation and $1.6M of share-based compensation. Working capital and other items added $2.0M.
Questions
What was zSpace's revenue in the first quarter 2026?
zSpace (ZSPC) reported revenue of $5.3M for the first quarter 2026 (Q1 2026), -22% from a year earlier and +8% from the quarter before.
Was zSpace profitable in the first quarter 2026?
Operating loss was $3.9M (-74.9% of revenue) and net loss $6.6M.
Source: zSpace 10-Q on SEC EDGAR.