{"url_path":"/sec/zspc/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1637147/0001104659-26-062781-index.html","accession_number":"0001104659-26-062781","cik":"0001637147","ticker":"ZSPC","issuer_name":"zSpace, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1637147/0001104659-26-062781-index.html","primary_entity_key":"0001637147","primary_entity_name":"zSpace, Inc."},"word_count":1070,"has_tables":true,"body_markdown":"zSpace, Inc._March 31, 2026\n\n0001637147--12-312026Q1falsezSpace, 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of Contents](#TOC)\n\n​\n\n​\n\n​\n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n**FORM ****10-Q**\n\n​\n\n**(Mark One)**\n\n​\n\n**☒**\n\n**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n​\n\n**For the quarterly period ended****March 31, 2026**\n\n​\n\n**or**\n\n​\n\n**☐**\n\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n​\n\n**For the transition period from****                   ****  to**\n\n​\n\n**Commission File Number:****001-42431**\n\n​\n\n**ZSPACE, INC.**\n\n**(Exact name of registrant as specified in its charter)**\n\n​\n\n​\n\n​\n\n**Delaware**\n\n**35-2284050**\n\n(State or other jurisdiction of incorporation or organization)\n\n(I.R.S. Employer Identification Number)\n\n**55 Nicholson Lane********San Jose****,****CA**\n\n**95134**\n\n(Address of principal executive offices)\n\n(Zip code)\n\n​\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n**Registrant’s telephone number, including area code: (****408****)****498-4050**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Title of Each Class**\n\n​\n\n**Trading symbol**\n\n​\n\n**Name of Each Exchange on which registered**\n\n**Common Stock, par value $0.00001 per share**\n\n​\n\n**ZSPC**\n\n​\n\n**The Nasdaq Stock Market LLC**\n\n​\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes  ☒    No  ☐\n\n​\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes  ☒    No   ☐\n\n​\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nLarge accelerated filer ☐\n\nAccelerated filer ☐\n\nNon-accelerated filer ☒\n\nSmaller reporting company ☒\n\nEmerging growth company ☒\n\n​\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n​\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes  ☐    No  ☒\n\n​\n\nAs of May 11, 2026, there were 4,798,430 shares of the registrant’s common stock outstanding.\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Table of Contents](#TOC)\n\nTABLE OF CONTENTS\n\n​\n\n​\n\n  ​ ​ ​\n\n​\n\n  ​ ​ ​\n\n**Page**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[**Part I**](#PartIFinancialInformation)\n\n​\n\n[**Financial Information**](#PartIFinancialInformation)\n\n​\n\n4\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 1.](#Item1FinancialStatements)\n\n​\n\n[Financial Statements](#Item1FinancialStatements)\n\n​\n\n4\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (Unaudited)](#CONDENSEDCONSOLIDATEDBALANCESHEETS_29591)\n\n​\n\n4\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Statements of Operations and Comprehensive Loss for the three months ended March 31, 2026 and 2025 (Unaudited)](#CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATI)\n\n​\n\n5\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Statements of Stockholders' Deficit for the three months ended March 31, 2026 and 2025 (Unaudited)](#STOCKHOLDERSDEFICIT_401511)\n\n​\n\n6\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (Unaudited)](#CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLO)\n\n​\n\n7\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Notes to Condensed Consolidated Financial Statements (Unaudited)](#NOTESTOCONDENSEDCONSOLIDATEDFINANCIALSTA)\n\n​\n\n8\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 2.](#Item2ManagementsDiscussionandAnalysisofF)\n\n​\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#Item2ManagementsDiscussionandAnalysisofF)\n\n​\n\n25\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 3.](#Item3QuantitativeandQualitativeDisclosur)\n\n​\n\n[Quantitative and Qualitative Disclosures about Market Risk](#Item3QuantitativeandQualitativeDisclosur)\n\n​\n\n40\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 4.](#Item4ControlsandProcedures_927864)\n\n​\n\n[Controls and Procedures](#Item4ControlsandProcedures_927864)\n\n​\n\n40\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[**Part II**](#PARTIIOTHERINFORMATION_887119)\n\n​\n\n[**Other Information**](#PARTIIOTHERINFORMATION_887119)\n\n​\n\n41\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 1.](#Item1LegalProceedings_649552)\n\n​\n\n[Legal Proceedings](#Item1LegalProceedings_649552)\n\n​\n\n41\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 1A.](#Item1ARiskFactors_827386)\n\n​\n\n[Risk Factors](#Item1ARiskFactors_827386)\n\n​\n\n42\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 2.](#Item2UnregisteredSalesofEquitySecurities)\n\n​\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#Item2UnregisteredSalesofEquitySecurities)\n\n​\n\n42\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 3.](#Item3DefaultsUponSeniorSecurities_533936)\n\n​\n\n[Defaults Upon Senior Securities](#Item3DefaultsUponSeniorSecurities_533936)\n\n​\n\n42\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 4.](#Item4MineSafetyDisclosures_386345)\n\n​\n\n[Mine Safety Disclosures](#Item4MineSafetyDisclosures_386345)\n\n​\n\n42\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 5.](#Item5OtherInformation)\n\n​\n\n[Other Information](#Item5OtherInformation)\n\n​\n\n42\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 6.](#Item6Exhibits_809099)\n\n​\n\n[Exhibits](#Item6Exhibits_809099)\n\n​\n\n43\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Exhibit Index](#EXHIBITINDEX_255925)\n\n​\n\n43\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Signatures](#SIGNATURES_69607)\n\n​\n\n45\n\n​\n\n​\n\n​\n\n​\n\n2\n\n[Table of Contents](#TOC)\n\n**ZSpace, Inc.**\n\n**Quarterly Report on Form 10-Q**\n\n**For the quarterly period ended March 31, 2026**\n\nIn this Quarterly Report on Form 10-Q, “we,” “our,” “us,” “zSpace,” and “the Company” refer to zSpace, Inc., together with its consolidated subsidiaries, unless the context requires otherwise.\n\nCautionary Note on Forward-Looking Statements\n\nThis Quarterly Report on Form 10-Q contains forward-looking statements that involve risks and uncertainties. Many of the forward-looking statements are located in “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate” and similar terms. Forward-looking statements are not guarantees of future performance and actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in the subsection entitled “Risk Factors” under Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on March 30, 2026. The forward-looking statements in this Quarterly Report on Form 10-Q represent our views as of the date of this Quarterly Report on Form 10-Q. We undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future developments or otherwise.\n\n​\n\n​\n\n​\n\n​\n\n3\n\n[Table of Contents](#TOC)\n\n​\n\n​\n\n​\n\n**Part I. FINANCIAL INFORMATION**"}