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Side-by-side financial comparison of Ambow Education Holding Ltd. (AMBO) and zSpace, Inc. (ZSPC). Click either name above to swap in a different company.

zSpace, Inc. is the larger business by last-quarter revenue ($4.8M vs $2.8M, roughly 1.8× Ambow Education Holding Ltd.). Ambow Education Holding Ltd. runs the higher net margin — 64.2% vs -150.3%, a 214.5% gap on every dollar of revenue.

Ambow Education Holding Ltd. is a China-focused education service provider that offers personalized learning solutions, professional career training programs, and K-12 after-school tutoring services. It partners with educational institutions and enterprises to deliver technology-integrated learning resources for learners of all age groups across mainland China.

zSpace, Inc. is an American technology firm based in San Jose, California that delivers virtual and augmented reality experiences in STEM, CTE, and career readiness programs from a computer. zSpace mostly provides AR/VR technology to the education market, allowing teachers and learners to interact with simulated objects in virtual environments.

AMBO vs ZSPC — Head-to-Head

Bigger by revenue
ZSPC
ZSPC
1.8× larger
ZSPC
$4.8M
$2.8M
AMBO
Higher net margin
AMBO
AMBO
214.5% more per $
AMBO
64.2%
-150.3%
ZSPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AMBO
AMBO
ZSPC
ZSPC
Revenue
$2.8M
$4.8M
Net Profit
$1.8M
$-7.3M
Gross Margin
53.3%
49.1%
Operating Margin
11.9%
-116.2%
Net Margin
64.2%
-150.3%
Revenue YoY
15.3%
Net Profit YoY
1343.1%
EPS (diluted)
$0.03
$-0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMBO
AMBO
ZSPC
ZSPC
Q4 25
$4.8M
Q3 25
$8.8M
Q2 25
$2.8M
$7.5M
Q1 25
$6.8M
Q2 24
$2.4M
Q2 23
$2.7M
Q2 22
$16.4M
Net Profit
AMBO
AMBO
ZSPC
ZSPC
Q4 25
$-7.3M
Q3 25
$-6.2M
Q2 25
$1.8M
$-6.1M
Q1 25
$-5.8M
Q2 24
$123.0K
Q2 23
$-1.0M
Q2 22
$-11.0M
Gross Margin
AMBO
AMBO
ZSPC
ZSPC
Q4 25
49.1%
Q3 25
51.2%
Q2 25
53.3%
42.6%
Q1 25
47.4%
Q2 24
55.6%
Q2 23
44.7%
Q2 22
9.2%
Operating Margin
AMBO
AMBO
ZSPC
ZSPC
Q4 25
-116.2%
Q3 25
-54.5%
Q2 25
11.9%
-84.9%
Q1 25
-79.7%
Q2 24
2.7%
Q2 23
-27.7%
Q2 22
-13.7%
Net Margin
AMBO
AMBO
ZSPC
ZSPC
Q4 25
-150.3%
Q3 25
-70.2%
Q2 25
64.2%
-81.8%
Q1 25
-86.3%
Q2 24
5.1%
Q2 23
-36.7%
Q2 22
-67.1%
EPS (diluted)
AMBO
AMBO
ZSPC
ZSPC
Q4 25
$-0.22
Q3 25
$-0.26
Q2 25
$0.03
$-0.27
Q1 25
$-0.26
Q2 24
$0.00
Q2 23
$-0.02
Q2 22
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMBO
AMBO
ZSPC
ZSPC
Cash + ST InvestmentsLiquidity on hand
$4.1M
Total DebtLower is stronger
$17.7M
Stockholders' EquityBook value
$8.6M
$-22.5M
Total Assets
$23.2M
$7.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBO
AMBO
ZSPC
ZSPC
Q4 25
Q3 25
Q2 25
$4.1M
Q1 25
Q2 24
$1.6M
Q2 23
$6.9M
Q2 22
$9.2M
Total Debt
AMBO
AMBO
ZSPC
ZSPC
Q4 25
$17.7M
Q3 25
$18.7M
Q2 25
$18.1M
Q1 25
Q2 24
Q2 23
Q2 22
Stockholders' Equity
AMBO
AMBO
ZSPC
ZSPC
Q4 25
$-22.5M
Q3 25
$-19.7M
Q2 25
$8.6M
$-22.3M
Q1 25
$-19.6M
Q2 24
$6.6M
Q2 23
$7.4M
Q2 22
$9.4M
Total Assets
AMBO
AMBO
ZSPC
ZSPC
Q4 25
$7.6M
Q3 25
$13.5M
Q2 25
$23.2M
$12.1M
Q1 25
$9.8M
Q2 24
$17.6M
Q2 23
$28.8M
Q2 22
$136.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMBO
AMBO
ZSPC
ZSPC
Operating Cash FlowLast quarter
$-3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBO
AMBO
ZSPC
ZSPC
Q4 25
$-3.9M
Q3 25
$-2.5M
Q2 25
$-6.9M
Q1 25
$-4.6M
Q2 24
Q2 23
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMBO
AMBO

Segment breakdown not available.

ZSPC
ZSPC

Transferred At Point In Time$4.6M94%
Other$287.0K6%

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