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zSpace, Inc.

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 13, 2025

ZSPC$0.15-16.6%Stored close · as of Jul 8, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

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Part I​Financial Information​4
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Item 1.​Financial Statements​4
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​​Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024 (Unaudited)​4
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​​Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and nine months ended September 30, 2025 and 2024 (Unaudited)​5
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​​Condensed Consolidated Statements of Temporary Redeemable Preferred Stock and Stockholders' Deficit for the three and nine months ended September 30, 2025 and 2024 (Unaudited)​6
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​​Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 (Unaudited)​7
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​​Notes to Condensed Consolidated Financial Statements (Unaudited)​8
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Item 2.​Management’s Discussion and Analysis of Financial Condition and Results of Operations​30
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Item 3.​Quantitative and Qualitative Disclosures about Market Risk​51
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Item 4.​Controls and Procedures​51
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Part II​Other Information​52
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Item 1.​Legal Proceedings​52
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Item 1A.​Risk Factors​52
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Item 2.​Unregistered Sales of Equity Securities and Use of Proceeds​53
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Item 3.​Defaults Upon Senior Securities​53
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Item 4.​Mine Safety Disclosures​53
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Item 5.​Other Information​53
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Item 6.​Exhibits​54
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Exhibit Index​54
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Signatures​56

ZSpace, Inc.

Quarterly Report on Form 10-Q

For the quarterly period ended September 30, 2025

In 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.

Cautionary Note on Forward-Looking Statements

This 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 for the fiscal year ended December 31, 2024 on Form 10-K, as filed with the SEC on March 28, 2025. 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.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.