secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001104659-26-036812
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

zSpace Q4 revenue falls 44% YoY to $4.8M; net loss widens to $7.3M, cash drops to $1.0M
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- Q4 2025 revenue $4.8M (down 44% YoY); full year $27.9M (down 27% YoY).
- Net loss widened to $7.3M Q4 / $25.4M FY from $3.6M / $20.8M a year ago.
- Gross margin improved to 49% Q4 / 48% FY (up 840 / 670 bps) on cost cuts and higher software mix.
- Cash and restricted cash fell to $1.0M from $4.9M; recent $3M investment and $4.3M note added liquidity.
- Software/services mix rose to 53% of Q4 revenue; bookings down 21% YoY to $3.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926036812/0001104659-26-036812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926036812/zspc-20260330x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-036812

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer