zSpace, Inc
ZSPC Technology Computer Hardware
zSpace, Inc’s revenue for fiscal 2025 (year ended December 2025) was $27.9 million, down 26.9% from fiscal 2024. In the quarter to June 2026, revenue fell 27.7%, EPS grew 100.2%, free cash flow grew 71.7% and total debt fell 46.5%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow ZSPC
zSpace, Inc (ZSPC) Piotroski F-score
zSpace, Inc's Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 2 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (240.44%) | 164.53% | Fail | 0 |
| Positive operating cash flow | (17.97m) | (8.87m) | Fail | 0 |
| Rising return on assets | (240.44%) | 164.53% | Fail | 0 |
| Cash flow above net income | 7.42m | (31.40m) | Pass | 1 |
| Falling long-term leverage | 0.26 | 0.00 | Fail | 0 |
| Rising current ratio | 0.37 | 0.62 | Fail | 0 |
| No new shares issued | 1,001,600 | 69,100 | Fail | 0 |
| Rising gross margin | 47.60% | 40.87% | Pass | 1 |
| Rising asset turnover | 2.64 | 2.78 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| EBON Ebang International Holdings Inc. compare | 6 |
| UAVS AGEAGLE AERIAL SYSTEMS, INC. compare | 5 |
| QCLS Q/C Technologies, Inc. compare | 3 |
| AGMH AGM Group Holdings Inc. compare | 3 |
| SCKT Socket Mobile, Inc. compare | 3 |
| BTCT BTC Digital Ltd. compare | 2 |
| KTCC Key Tronic Corporation compare | 2 |
| ZSPC zSpace, Inc | 2 |
| MCRP Micropolis AI Robotics compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover