zSpace (ZSPC)
Glasses-free immersive learning tools for schools and career training.
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zSpace provides AR/VR education technology for K-12, career and technical education, and selected international markets. Its platform combines glasses-free 3D laptops, stylus interaction, learning software, and implementation services.
zSpace, Inc. is a San Jose educational technology company that builds augmented and virtual reality learning systems for U.S. K-12 schools, career and technical education programs, community colleges, and selected overseas markets. Its platform combines proprietary laptops, tracked styluses, learning applications, management software, and services that help schools deploy and train staff on the system.
The Inspire and Imagine laptops deliver autostereoscopic 3D visuals without VR goggles or specialty glasses, while the stylus lets learners interact with virtual objects as if they were in open space. Revenue is generated from hardware sales, recurring software access, and implementation, professional development, warranty, and support services. The business depends on school funding cycles, reseller execution outside the United States, outsourced OEM manufacturing, and access to additional capital.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 18, 2026 | Barrington Research | Downgrade | ||
| Mar 31, 2025 | Northland Capital Markets | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $856 · Total debt $6.5M · Total assets $8.3M · Shareholders' equity −$13.2M
- Revenue
- $5.4M
- Operating income
- −$3.7M
- Net income
- $288.0K
No dividends on record.
| Institutions | 0.00% | 20 shares | |
|---|---|---|---|
| 1 holder · as of Jun 30, 2026 | |||
| Insiders | 0.33% | 16.0K shares | |
| 10 holders · as of Jul 7, 2026 | |||
| Strategic holders | 15.15% | 726.9K shares | |
| 1 holder · as of Apr 17, 2026 | |||
| Other | 84.52% | 4.06M shares | |
| remainder | |||
4.80M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (37.07M in the company's Sep 22, 2026 report, 4.80M elsewhere); stakes use the report.
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
AQR Capital Management Holdings, LLCStrategic10 percent owner | 15.15% | 726,882 | filed Apr 17, 2026 |
Paul KellenbergerInsiderdirector, officer: Chief Executive Officer | 0.12% | 5,678 | filed Jul 7, 2026 |
Michael S. HarperInsiderofficer: See remarks | 0.07% | 3,454 | filed Jul 7, 2026 |
Erick DeOliveiraInsiderofficer: Chief Financial Officer | 0.07% | 3,352 | filed Jul 7, 2026 |
Amit S. JainInsiderdirector | 0.01% | 673 | filed Jul 2, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 16, 2026 | AQR Capital Management Holdings, LLC | 10 percent owner | −161 | $0.0870 |
| Apr 15, 2026 | AQR Capital Management Holdings, LLC | 10 percent owner | −7,117 | $0.0710 |
| Apr 15, 2026 | AQR Capital Management Holdings, LLC | 10 percent owner | +860,716 | $0.0710 |
| Apr 7, 2026 | Erick DeOliveira | officer: Chief Financial Officer | −13,066 | $0.0740 |
| Apr 7, 2026 | Paul Kellenberger | director, officer: Chief Executive Officer | −20,758 | $0.0740 |
Not reported.