Filing Flows › zSpace (ZSPC) › Q3 2025
zSpace (ZSPC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
zSpace (ZSPC) reported revenue of $8.8M for the third quarter 2025 (Q3 2025), -38% from a year earlier and +18% from the quarter before. Operating margin was -54.5%, net loss $6.2M (70.2% of revenue).
zSpace, Q3 2025: revenue $8.8M (-38% year over year), operating margin -54.5%, net loss $6.2M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.8M | +18% | -38% |
| Operating profit | −$4.8M | — | — |
| Net earnings | −$6.2M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $8.8M in Q3 2025, down 38% year over year and up 18% from the previous quarter. Software was the largest line at 49% of revenue. Hardware lost $3.9M year over year (down 51%), 73% of the total change.
Gross margin was 51.2%, up 6.4 points from a year earlier. Operating costs exceeded revenue by $4.8M, an operating margin of -54.5%. Operating expenses grew 47% against a revenue fall of 38%. The fastest-growing cost line was General & admin (+67%). The quarter ended with a net loss of $6.2M, wider than the previous quarter's $6.1M loss.
Operating cash flow was −$2.5M. Non-cash charges added back $4K of depreciation and $2.4M of share-based compensation. Working capital and other items added $1.3M.
Questions
What was zSpace's revenue in the third quarter 2025?
zSpace (ZSPC) reported revenue of $8.8M for the third quarter 2025 (Q3 2025), -38% from a year earlier and +18% from the quarter before.
Was zSpace profitable in the third quarter 2025?
Operating loss was $4.8M (-54.5% of revenue) and net loss $6.2M.
Source: zSpace 10-Q on SEC EDGAR.