zSpace Q1 revenue $5.3M, net loss up to $6.9M; Board launches strategic review

zSpace, Inc.

Revenue $5.3M, down 22% YoY; net loss ($5.9M)-($6.9M) vs ($5.8M).
Gross margin improved 570 bps to 53%; adjusted EBITDA loss narrowed to $2.1M from $4.4M.
Board initiates formal strategic alternatives review to maximize shareholder value; may include sale.
Cash increased to $2.9M from $1.1M; ACV $10.1M (-13% YoY).
Bookings $6.1M (-8% YoY); backlog $3.8M; CEO cites Iran war delays and federal shutdown impacts.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

zSpace, Inc. reported the fiscal quarter ended March 31, 2026 results: revenue $5.3 million.

Period: the fiscal quarter ended March 31, 2026
Revenue: $5.3 million
Result: reported results

Exact text from the filing

Revenue in the first quarter of 2026 was $5.3 million compared to $6.8 million in the first quarter of 2025.

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zSpace, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-061231

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