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Side-by-side financial comparison of Xos, Inc. (XOS) and zSpace, Inc. (ZSPC). Click either name above to swap in a different company.

Xos, Inc. is the larger business by last-quarter revenue ($5.2M vs $4.8M, roughly 1.1× zSpace, Inc.). zSpace, Inc. runs the higher net margin — -150.3% vs -186.8%, a 36.5% gap on every dollar of revenue.

Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.

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.

XOS vs ZSPC — Head-to-Head

Bigger by revenue
XOS
XOS
1.1× larger
XOS
$5.2M
$4.8M
ZSPC
Higher net margin
ZSPC
ZSPC
36.5% more per $
ZSPC
-150.3%
-186.8%
XOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
XOS
XOS
ZSPC
ZSPC
Revenue
$5.2M
$4.8M
Net Profit
$-9.8M
$-7.3M
Gross Margin
-50.5%
49.1%
Operating Margin
-186.6%
-116.2%
Net Margin
-186.8%
-150.3%
Revenue YoY
-54.5%
Net Profit YoY
48.6%
EPS (diluted)
$-0.76
$-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
XOS
XOS
ZSPC
ZSPC
Q4 25
$5.2M
$4.8M
Q3 25
$16.5M
$8.8M
Q2 25
$18.4M
$7.5M
Q1 25
$5.9M
$6.8M
Q4 24
$11.5M
Q3 24
$15.8M
Q2 24
$15.5M
Q1 24
$12.6M
Net Profit
XOS
XOS
ZSPC
ZSPC
Q4 25
$-9.8M
$-7.3M
Q3 25
$2.1M
$-6.2M
Q2 25
$-7.5M
$-6.1M
Q1 25
$-10.2M
$-5.8M
Q4 24
$-19.0M
Q3 24
$-10.5M
Q2 24
$-9.7M
Q1 24
$-11.0M
Gross Margin
XOS
XOS
ZSPC
ZSPC
Q4 25
-50.5%
49.1%
Q3 25
15.3%
51.2%
Q2 25
8.8%
42.6%
Q1 25
20.6%
47.4%
Q4 24
-32.4%
Q3 24
18.1%
Q2 24
13.1%
Q1 24
22.1%
Operating Margin
XOS
XOS
ZSPC
ZSPC
Q4 25
-186.6%
-116.2%
Q3 25
-42.4%
-54.5%
Q2 25
-38.5%
-84.9%
Q1 25
-157.7%
-79.7%
Q4 24
-127.0%
Q3 24
-61.4%
Q2 24
-73.2%
Q1 24
-81.1%
Net Margin
XOS
XOS
ZSPC
ZSPC
Q4 25
-186.8%
-150.3%
Q3 25
12.9%
-70.2%
Q2 25
-40.8%
-81.8%
Q1 25
-173.3%
-86.3%
Q4 24
-165.4%
Q3 24
-66.6%
Q2 24
-62.2%
Q1 24
-87.1%
EPS (diluted)
XOS
XOS
ZSPC
ZSPC
Q4 25
$-0.76
$-0.22
Q3 25
$0.22
$-0.26
Q2 25
$-0.91
$-0.27
Q1 25
$-1.26
$-0.26
Q4 24
$-2.34
Q3 24
$-1.32
Q2 24
$-1.23
Q1 24
$-1.80

Balance Sheet & Financial Strength

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

Metric
XOS
XOS
ZSPC
ZSPC
Cash + ST InvestmentsLiquidity on hand
$14.0M
Total DebtLower is stronger
$17.7M
Stockholders' EquityBook value
$23.3M
$-22.5M
Total Assets
$60.4M
$7.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
XOS
XOS
ZSPC
ZSPC
Q4 25
$14.0M
Q3 25
$14.1M
Q2 25
$8.8M
Q1 25
$4.8M
Q4 24
$11.0M
Q3 24
$8.4M
Q2 24
$19.7M
Q1 24
$46.2M
Total Debt
XOS
XOS
ZSPC
ZSPC
Q4 25
$17.7M
Q3 25
$18.7M
Q2 25
$18.1M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
XOS
XOS
ZSPC
ZSPC
Q4 25
$23.3M
$-22.5M
Q3 25
$31.1M
$-19.7M
Q2 25
$18.3M
$-22.3M
Q1 25
$24.8M
$-19.6M
Q4 24
$33.6M
Q3 24
$50.8M
Q2 24
$59.2M
Q1 24
$67.8M
Total Assets
XOS
XOS
ZSPC
ZSPC
Q4 25
$60.4M
$7.6M
Q3 25
$73.8M
$13.5M
Q2 25
$80.3M
$12.1M
Q1 25
$87.7M
$9.8M
Q4 24
$98.3M
Q3 24
$120.5M
Q2 24
$123.4M
Q1 24
$135.0M

Cash Flow & Capital Efficiency

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

Metric
XOS
XOS
ZSPC
ZSPC
Operating Cash FlowLast quarter
$2.4M
$-3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
XOS
XOS
ZSPC
ZSPC
Q4 25
$2.4M
$-3.9M
Q3 25
$3.1M
$-2.5M
Q2 25
$4.6M
$-6.9M
Q1 25
$-4.8M
$-4.6M
Q4 24
$3.3M
Q3 24
$-11.5M
Q2 24
$-26.0M
Q1 24
$-14.6M
Free Cash Flow
XOS
XOS
ZSPC
ZSPC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-11.7M
Q2 24
$-26.1M
Q1 24
$-14.6M
FCF Margin
XOS
XOS
ZSPC
ZSPC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-73.9%
Q2 24
-168.1%
Q1 24
-115.7%
Capex Intensity
XOS
XOS
ZSPC
ZSPC
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.9%
Q2 24
0.8%
Q1 24
0.2%
Cash Conversion
XOS
XOS
ZSPC
ZSPC
Q4 25
Q3 25
1.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

XOS
XOS

Segment breakdown not available.

ZSPC
ZSPC

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

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