3D Systems Reports Second Quarter 2026 Financial Results
Rhea-AI Summary
3D Systems (NYSE:DDD) reported Q2 2026 revenue of $94.6 million, down 0.3% year-over-year, but up 1.4% excluding 2025 software divestitures, driven by double-digit growth in metal and polymer printer hardware. Healthcare revenue rose 6.8% to $48.1 million, while Industrial declined 6.7% to $46.5 million (3.7% decline excluding divestitures), despite over 20% growth in Aerospace & Defense and Data Center Infrastructure.
Gross margin fell to 36.4% from 38.1%. Net result shifted to a $(12.9) million loss versus prior-year income, largely due to 2025 divestiture and debt extinguishment gains. Adjusted EBITDA improved to $(0.8) million from $(4.7) million; first-half Adjusted EBITDA was positive at $1.3 million. The company issued 18.9 million shares for $53.2 million, ending Q2 with $129.0 million in cash and $96.0 million of debt. Q3 2026 guidance calls for revenue of $96–$99 million and Adjusted EBITDA of $(3) million to $(1) million.
Positive
- Healthcare revenue up 6.8% YoY to $48.1 million in Q2 2026
- Four priority markets each delivered 20%+ growth in first half 2026
- Adjusted EBITDA improved by $4.6 million YoY to $(0.8) million in Q2
- First-half 2026 Adjusted EBITDA turned positive at $1.3 million vs $(30.8) million
- Operating expenses down to $45.1 million from $51.5 million in Q2 2025
- Equity offering raised $53.2 million net, lifting cash to $129.0 million
Negative
- Q2 2026 GAAP net loss of $(12.9) million vs prior-year income
- Total revenue down 0.3% YoY to $94.6 million
- Industrial revenue declined 6.7% YoY to $46.5 million
- GAAP gross margin compressed to 36.4% from 38.1% YoY
- Q3 2026 Adjusted EBITDA guidance remains negative at $(3) to $(1) million
- Issuance of 18.9 million new shares creates equity dilution for existing holders
News Explained
The release specifies that
Market Reaction – DDD
Following this news, DDD has gained 9.70%, reflecting a notable positive market reaction. Our momentum scanner has triggered 26 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $3.11. Trading volume is above average at 1.9x the average, suggesting increased trading activity.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 11 | Q1 earnings report | Positive | +23.9% | Revenue growth, positive EBITDA, and narrower losses accompanied the Q1 results. |
| Mar 09 | Q4 earnings report | Positive | +28.1% | Annual cost savings and profitable full-year results supported the quarterly release. |
| Nov 04 | Q3 earnings report | Negative | -0.8% | Revenue decline and lower gross margin accompanied an Adjusted EBITDA loss. |
| Aug 11 | Q2 earnings report | Positive | +29.6% | Strong net income and market growth offset lower quarterly revenue. |
| May 12 | Q1 earnings report | Negative | -26.7% | Revenue and segment declines coincided with a materially wider net loss. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
All five tag-matched earnings events aligned with their subsequent 24-hour price reactions, with three positive and two negative outcomes.
Key Terms
adjusted ebitda financial
non-gaap financial
basis points financial
restricted cash financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROCK HILL, S.C., Aug. 03, 2026 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the second quarter ended June 30, 2026.
- Q2 2026 revenue of
$94.6 million , down0.3% year-over-year, but up1.4% excluding divestitures, driven by continued acceleration of new printer sales, with double-digit growth in both metal and polymer hardware printer systems. - Net loss was
$(12.9) million for the quarter, while Adjusted EBITDA improved to a loss of$(0.8) million , reflecting benefits from previous cost reduction initiatives. For the first half of 2026, the Company reported a net loss of$(17.3) million and positive Adjusted EBITDA of$1.3 million . - Healthcare continued as the Company's largest segment in the quarter, with revenue increasing
6.8% year-over-year, supported by over20% growth in Med Tech and3% growth in Dental. - Industrial revenue declined
6.7% year-over year, or3.7% excluding divestitures, while increasing2.4% sequentially, driven by higher product sales and over20% growth in Aerospace & Defense, our largest Industrial market, and Data Center Infrastructure. - We remain focused on our four priority markets which all delivered more than
20% growth in the first half of 2026: Med Tech, Dental, Aerospace & Defense, and Data Center Infrastructure.
| Summary of Financial Results (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in millions, except per share data) | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||
| Revenue | $ | 94.6 | $ | 94.8 | $ | 190.1 | $ | 189.4 | |||||||
| Gross profit | 34.5 | 36.2 | 68.8 | 68.8 | |||||||||||
| Gross profit margin | 36.4 | % | 38.1 | % | 36.2 | % | 36.4 | % | |||||||
| Operating expense | 45.1 | 51.5 | 86.1 | 121.0 | |||||||||||
| Operating loss | (10.6 | ) | (15.4 | ) | (17.3 | ) | (52.1 | ) | |||||||
| Net (loss) income attributable to 3D Systems Corporation | (12.9 | ) | 104.4 | (17.3 | ) | 67.5 | |||||||||
| Diluted (loss) income per share | (0.09 | ) | 0.57 | (0.12 | ) | 0.37 | |||||||||
| Non-GAAP measures, excluding divestitures for year-over-year comparisons | |||||||||||||||
| Non-GAAP revenue | 94.6 | 93.3 | 190.1 | 179.3 | |||||||||||
| Non-GAAP gross profit margin | 36.7 | % | 38.2 | % | 36.4 | % | 34.3 | % | |||||||
| Non-GAAP operating expense | 39.5 | 44.6 | 76.1 | 101.2 | |||||||||||
| Adjusted EBITDA | (0.8 | ) | (4.7 | ) | 1.3 | (30.8 | ) | ||||||||
| Non-GAAP diluted loss per share | $ | (0.04 | ) | $ | (0.06 | ) | $ | (0.05 | ) | $ | (0.23 | ) | |||
Summary Comments on Results
Dr. Jeffrey Graves, President and Chief Executive Officer of 3D Systems, said, “We are pleased with our second-quarter and first-half performance on both the top and bottom line. Revenue growth was driven by strength in our four key markets: Med Tech and Dental in Healthcare, and Aerospace & Defense and Data Center Infrastructure in Industrial. Data Center Infrastructure is an emerging focus area for us and includes applications in chip manufacturing equipment and high-performance computing. Customers in these markets continue to adopt 3D printing as a core manufacturing technology and are expanding the range of applications they deploy. This performance highlights the market-leading breadth of our additive manufacturing portfolio, spanning direct metal printing and all five major polymer technologies, combined with our deep expertise in advanced applications. Of particular note is the growing impact of metal 3D printing, where design flexibility combined with cost-effective production is enabling higher-performance components and systems.”
Dr. Graves concluded, “As the additive manufacturing industry continues to emerge from a multi-year downturn, our sustained investments in research and development are now enabling us to introduce a broad portfolio of new products that are gaining increasing customer traction. While the global economic environment remains uncertain, we are optimistic that, as capital investment activity strengthens, we are well positioned to benefit from the resulting expansion in global manufacturing capacity.”
“Adjusting for divestitures completed in 2025, total revenue increased
Second Quarter 2026 Results
Total revenue decreased
Healthcare Solutions revenue increased approximately
Industrial Solutions revenue decreased approximately
Gross profit margin decreased to
Net income attributable to 3D Systems Corporation decreased by
Adjusted EBITDA improved by
Financial Liquidity
During the second quarter 2026, the Company issued 18.9 million shares of common stock, par value
Third Quarter 2026 Outlook
| Revenue: | |
| Adjusted EBITDA: | ( |
3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The Company is unable to provide a quantitative reconciliation of forward-looking Adjusted EBITDA to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including litigation expenses, acquisition expenses, stock-based compensation expense, intangible amortization expense, restructuring expenses, and goodwill impairment, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the Company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially.
Second Quarter 2026 Conference Call and Webcast
The Company will host a conference call and simultaneous webcast to discuss these results on August 4, 2026, which may be accessed as follows:
Date: Tuesday, August 4, 2026
Time: 8:30 a.m. Eastern Time
Listen via webcast: www.3dsystems.com/investor
Participate via telephone: 877-407-8291 or 201-689-8345
A replay of the webcast will be available approximately two hours after the live presentation at www.3dsystems.com/investor.
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the timing of product launches, regulatory approvals, market opportunities, expected revenue impact, and shareholder value. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the Company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the Company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the Company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.
About 3D Systems
Nearly 40 years ago, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the Company is available at www.3dsystems.com.
| 3D SYSTEMS CORPORATION Condensed Consolidated Balance Sheets (Unaudited) | |||||||
| (in thousands, except par value) | June 30, 2026 | December 31, 2025 | |||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 127,951 | $ | 95,635 | |||
| Accounts receivable, net of reserves — | 80,174 | 83,806 | |||||
| Inventories | 121,847 | 127,496 | |||||
| Prepaid expenses and other current assets | 35,639 | 39,770 | |||||
| Total current assets | 365,611 | 346,707 | |||||
| Property and equipment, net | 49,697 | 49,249 | |||||
| Intangible assets, net | 15,646 | 16,614 | |||||
| Goodwill | 15,404 | 15,575 | |||||
| Operating lease right-of-use assets | 41,170 | 45,364 | |||||
| Finance lease right-of-use assets | 7,160 | 7,774 | |||||
| Long-term deferred income tax assets | 2,443 | 2,787 | |||||
| Other assets | 38,113 | 37,658 | |||||
| Total assets | $ | 535,244 | $ | 521,728 | |||
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY | |||||||
| Current liabilities: | |||||||
| Current portion of long-term debt, net of deferred financing costs | $ | 3,944 | $ | 3,944 | |||
| Current operating lease liabilities | 9,266 | 11,583 | |||||
| Accounts payable | 32,425 | 41,017 | |||||
| Accrued and other liabilities | 39,781 | 46,656 | |||||
| Customer deposits and deferred revenue | 22,182 | 17,423 | |||||
| Total current liabilities | 107,598 | 120,623 | |||||
| Long-term debt, net of deferred financing costs | 87,240 | 86,394 | |||||
| Long-term operating lease liabilities | 41,238 | 45,420 | |||||
| Long-term deferred income tax liabilities | 2,818 | 2,740 | |||||
| Other liabilities | 22,787 | 24,000 | |||||
| Total liabilities | 261,681 | 279,177 | |||||
| Commitments and contingencies | |||||||
| Redeemable non-controlling interest | — | 2,193 | |||||
| Stockholders’ equity: | |||||||
| Preferred stock, 5,000 shares authorized; | — | — | |||||
| Common stock, | 166 | 146 | |||||
| Additional paid-in capital | 1,677,775 | 1,620,399 | |||||
| Accumulated deficit | (1,349,645 | ) | (1,332,360 | ) | |||
| Accumulated other comprehensive loss | (54,733 | ) | (47,827 | ) | |||
| Total stockholders’ equity | 273,563 | 240,358 | |||||
| Total liabilities, redeemable non-controlling interest and stockholders’ equity | $ | 535,244 | $ | 521,728 | |||
| 3D SYSTEMS CORPORATION Condensed Consolidated Statements of Operations (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in thousands, except per share amounts) | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||
| Revenue: | |||||||||||||||
| Products | $ | 54,842 | $ | 53,801 | $ | 112,610 | $ | 108,524 | |||||||
| Services | 39,737 | 41,037 | 77,507 | 80,854 | |||||||||||
| Total revenue | 94,579 | 94,838 | 190,117 | 189,378 | |||||||||||
| Cost of sales: | |||||||||||||||
| Products | 35,845 | 32,274 | 71,932 | 69,639 | |||||||||||
| Services | 24,272 | 26,414 | 49,380 | 50,900 | |||||||||||
| Total cost of sales | 60,117 | 58,688 | 121,312 | 120,539 | |||||||||||
| Gross profit | 34,462 | 36,150 | 68,805 | 68,839 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 35,135 | 34,139 | 66,483 | 83,908 | |||||||||||
| Research and development | 9,972 | 17,361 | 19,607 | 37,044 | |||||||||||
| Total operating expenses | 45,107 | 51,500 | 86,090 | 120,952 | |||||||||||
| Loss from operations | (10,645 | ) | (15,350 | ) | (17,285 | ) | (52,113 | ) | |||||||
| Non-operating (loss) income: | |||||||||||||||
| Foreign exchange gain (loss), net | 1,464 | (1,591 | ) | 4,102 | (452 | ) | |||||||||
| Interest income | 575 | 1,717 | 1,159 | 2,670 | |||||||||||
| Interest expense | (2,155 | ) | (697 | ) | (4,319 | ) | (1,278 | ) | |||||||
| Gain on disposition | — | 125,681 | — | 125,681 | |||||||||||
| Other (loss) income, net | (839 | ) | 7,020 | 2,689 | 6,860 | ||||||||||
| Total non-operating (loss) income | (955 | ) | 132,130 | 3,631 | 133,481 | ||||||||||
| Net (loss) income before income taxes | (11,600 | ) | 116,780 | (13,654 | ) | 81,368 | |||||||||
| Provision for income taxes | (354 | ) | (11,018 | ) | (1,837 | ) | (11,689 | ) | |||||||
| Loss on equity method investments, net of income taxes | (907 | ) | (1,326 | ) | (1,953 | ) | (2,229 | ) | |||||||
| Net (loss) income before redeemable non-controlling interest | (12,861 | ) | 104,436 | (17,444 | ) | 67,450 | |||||||||
| Less: net loss attributable to redeemable non-controlling interest | — | — | (159 | ) | — | ||||||||||
| Net (loss) income attributable to 3D Systems Corporation | $ | (12,861 | ) | $ | 104,436 | $ | (17,285 | ) | $ | 67,450 | |||||
| Net (loss) income per common share: | |||||||||||||||
| Basic | $ | (0.09 | ) | $ | 0.79 | $ | (0.12 | ) | $ | 0.51 | |||||
| Diluted | $ | (0.09 | ) | $ | 0.57 | $ | (0.12 | ) | $ | 0.37 | |||||
| Weighted average shares outstanding: | |||||||||||||||
| Basic | 148,968 | 132,280 | 146,130 | 132,370 | |||||||||||
| Diluted | 148,968 | 182,716 | 146,130 | 183,237 | |||||||||||
| 3D SYSTEMS CORPORATION Condensed Consolidated Statements of Cash Flows (Unaudited) | |||||||
| Six Months Ended | |||||||
| (in thousands) | June 30, 2026 | June 30, 2025 | |||||
| OPERATING ACTIVITIES | |||||||
| Net (loss) income before redeemable non-controlling interest | $ | (17,444 | ) | $ | 67,450 | ||
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | |||||||
| Depreciation and amortization | 10,186 | 10,907 | |||||
| Amortization of debt issuance costs | 1,023 | 652 | |||||
| Stock-based compensation | 4,615 | 607 | |||||
| Non-cash operating lease expense | 6,105 | 2,371 | |||||
| Provision for inventory obsolescence | 4,453 | 2,130 | |||||
| Provision for bad debts | 2,348 | 1,622 | |||||
| Gain on the disposition of businesses, property, equipment and other assets | (95 | ) | (125,825 | ) | |||
| Gain on debt extinguishment | — | (8,203 | ) | ||||
| Provision for deferred income taxes and reserve adjustments | 714 | (3,124 | ) | ||||
| Gain on disposal of investment | (2,576 | ) | — | ||||
| Loss on equity method investment, net of taxes | 1,953 | 2,229 | |||||
| Changes in operating accounts: | |||||||
| Accounts receivable | (2,966 | ) | 9,394 | ||||
| Inventories | (2,588 | ) | (11,137 | ) | |||
| Prepaid expenses and other current assets | 3,161 | (6,362 | ) | ||||
| Accounts payable | (8,761 | ) | (8,142 | ) | |||
| Deferred revenue and customer deposits | 8,285 | 7,094 | |||||
| Accrued and other liabilities | (9,521 | ) | 5,009 | ||||
| All other operating activities | (12,998 | ) | (6,302 | ) | |||
| Net cash used in operating activities | (14,106 | ) | (59,630 | ) | |||
| INVESTING ACTIVITIES | |||||||
| Purchases of property and equipment | (5,890 | ) | (5,743 | ) | |||
| Proceeds from sale of assets and businesses, net of cash sold | 100 | 119,400 | |||||
| Acquisitions and other investments, net of cash acquired | — | (900 | ) | ||||
| Other investing activities | (80 | ) | 174 | ||||
| Net cash (used in) provided by investing activities | (5,870 | ) | 112,931 | ||||
| FINANCING ACTIVITIES | |||||||
| Proceeds from equity offering | 53,825 | — | |||||
| Equity issuance costs | (127 | ) | — | ||||
| Proceeds from borrowings and long-term debt | — | 92,030 | |||||
| Repayment of borrowings and long-term debt | — | (169,987 | ) | ||||
| Debt issuance costs | — | (3,425 | ) | ||||
| Stock repurchases | — | (14,960 | ) | ||||
| Purchase of non-controlling interests | (498 | ) | — | ||||
| Taxes paid related to net-share settlement of equity awards | (434 | ) | (605 | ) | |||
| Other financing activities | (824 | ) | (393 | ) | |||
| Net cash provided by (used in) financing activities | 51,942 | (97,340 | ) | ||||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (71 | ) | 5,104 | ||||
| Net increase (decrease) in cash, cash equivalents and restricted cash | 31,895 | (38,935 | ) | ||||
| Cash, cash equivalents and restricted cash at the beginning of the year | 97,100 | 172,883 | |||||
| Cash, cash equivalents and restricted cash at the end of the period | $ | 128,995 | $ | 133,948 | |||
| 3D SYSTEMS CORPORATION Segment Information (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in millions) | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||
| Revenue: | |||||||||||||||
| Healthcare Solutions | $ | 48.1 | $ | 45.0 | $ | 98.2 | $ | 86.3 | |||||||
| Industrial Solutions | 46.5 | 49.8 | 91.9 | 103.0 | |||||||||||
| Total | $ | 94.6 | $ | 94.8 | $ | 190.1 | $ | 189.4 | |||||||
| 3D SYSTEMS CORPORATION Reconciliations of GAAP to Non-GAAP Measures |
Presentation of Information in this Press Release
3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: adjusted revenue, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP diluted income (loss) per share, non-GAAP operating expense and Adjusted EBITDA. These non-GAAP measures exclude certain items that management does not view as part of 3D Systems’ core results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide meaningful information regarding the comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems’ non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated in the same manner as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP.
To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items:
- amortization of intangible assets, a non-cash expense, as 3D Systems’ intangible assets were primarily acquired in connection with business combinations;
- costs incurred in connection with acquisitions and divestitures, such as legal, consulting and advisory fees;
- stock-based compensation expenses, a non-cash expense;
- charges related to restructuring and cost optimization plans, impairment charges, including goodwill, and divestiture gains or losses;
- the impact of software divestitures, which were previously included in our Industrial Solutions segment, for pre-divestiture periods in 2025; and
- costs, including legal fees, related to significant or unusual litigation matters.
Amortization of intangibles and acquisition and divestiture-related costs are excluded from non-GAAP measures as the timing and magnitude of business combination transactions are not predictable, can vary significantly from period to period and the purchase price allocated to amortizable intangible assets and the related amortization period are unique to each acquisition. Amortization of intangible assets will recur in future periods until such intangible assets have been fully amortized. While intangible assets contribute to the company’s revenue generation, the amortization of intangible assets does not directly relate to the sale of the company’s products or services. Additionally, intangible assets amortization expense typically fluctuates based on the size and timing of the company’s acquisition activity. Accordingly, the company believes excluding the amortization of intangible assets enhances the company’s and investors’ ability to compare the company’s past financial performance with its current performance and to analyze underlying business performance and trends. Although stock-based compensation is a key incentive offered to certain of our employees, the expense is non-cash in nature, and we continue to evaluate our business performance excluding stock-based compensation; therefore, it is excluded from non-GAAP measures. Stock-based compensation expenses will recur in future periods. Charges related to restructuring and cost optimization plans, impairment charges, including goodwill, divestiture gains or losses, and the costs, including legal fees, related to significant or unusual litigation matters are excluded from non-GAAP measures as the frequency and magnitude of these activities may vary widely from period to period. Additionally, impairment charges, including goodwill, are non-cash. Furthermore, the company believes the costs, including legal fees, related to significant or unusual litigation matters are not indicative of our core business' operations.
The matters discussed above are tax effected, as applicable, in calculating non-GAAP diluted income (loss) per share.
Adjusted EBITDA, defined as net (loss) income, plus income tax (provision) benefit, interest and other income (expense), net, stock-based compensation expense, amortization of intangible assets, depreciation expense, and other non-GAAP adjustments, all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period.
Furthermore, in this press release, 3D Systems reports certain non-GAAP financial measures further adjusted to remove the operating activity related to (i) Geomagic, which the Company divested on April 1, 2025, for
A reconciliation of GAAP to non-GAAP financial measures is provided in the accompanying schedules.
Certain columns may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in thousands.
3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The Company is unable to provide a quantitative reconciliation of forward-looking Adjusted EBITDA to the most directly comparable forward-looking GAAP measure without unreasonable effort because certain items, including litigation costs, acquisition expenses, stock-based compensation expense, intangible assets amortization expense, restructuring expenses, and goodwill impairment charges, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the Company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially.
Non-GAAP Revenue (Unaudited)
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in millions) | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||
| Revenue | $ | 94.6 | $ | 94.8 | $ | 190.1 | $ | 189.4 | |||||||
| Software divestitures | — | (1.5 | ) | — | (10.1 | ) | |||||||||
| Revenue excluding software divestitures (Non-GAAP) | $ | 94.6 | $ | 93.3 | $ | 190.1 | $ | 179.3 | |||||||
Non-GAAP Industrial Revenue (Unaudited)
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in millions) | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||
| Industrial Revenue | $ | 46.5 | $ | 49.8 | $ | 91.9 | $ | 103.0 | |||||||
| Software divestitures | — | (1.5 | ) | — | (10.1 | ) | |||||||||
| Industrial Revenue excluding software divestitures (Non-GAAP) | $ | 46.5 | $ | 48.3 | $ | 91.9 | $ | 93.0 | |||||||
Non-GAAP Gross Profit and Gross Profit Margin (Unaudited)
| Three Months Ended | |||||||||||||
| (in millions) | June 30, 2026 | June 30, 2025 | |||||||||||
| Gross Profit | Gross Profit Margin(1) | Gross Profit | Gross Profit Margin(1) | ||||||||||
| Gross profit (GAAP) | $ | 34.5 | 36.4 | % | $ | 36.2 | 38.1 | % | |||||
| Amortization expense | 0.2 | 0.2 | % | 0.2 | 0.2 | % | |||||||
| Restructuring expense | — | — | % | 0.8 | 0.9 | % | |||||||
| Gross profit (Non-GAAP) | $ | 34.7 | 36.7 | % | $ | 37.2 | 39.2 | % | |||||
| Software divestitures | — | — | % | (1.6 | ) | (1.0 | )% | ||||||
| Gross profit excluding software divestitures (Non-GAAP) | $ | 34.7 | 36.7 | % | $ | 35.7 | 38.2 | % | |||||
(1) Calculated as non-GAAP gross profit as a percentage of total revenue.
| Six Months Ended | |||||||||||||
| (in millions) | June 30, 2026 | June 30, 2025 | |||||||||||
| Gross Profit | Gross Profit Margin(1) | Gross Profit | Gross Profit Margin(1) | ||||||||||
| Gross profit (GAAP) | $ | 68.8 | 36.2 | % | $ | 68.8 | 36.4 | % | |||||
| Amortization expense | 0.3 | 0.2 | % | 0.4 | 0.2 | % | |||||||
| Restructuring expense | — | — | % | 1.0 | 0.5 | % | |||||||
| Gross profit (Non-GAAP) | $ | 69.1 | 36.4 | % | $ | 70.2 | 37.1 | % | |||||
| Software divestitures | — | — | % | (8.7 | ) | (2.8 | )% | ||||||
| Gross profit excluding software divestitures (Non-GAAP) | $ | 69.1 | 36.4 | % | $ | 61.5 | 34.3 | % | |||||
(1) Calculated as non-GAAP gross profit as a percentage of total revenue.
Non-GAAP Operating Expense (Unaudited)
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in millions) | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||
| Operating expense (GAAP) | $ | 45.1 | $ | 51.5 | $ | 86.1 | $ | 121.0 | |||||||
| Amortization expense | (0.8 | ) | (0.7 | ) | (1.4 | ) | (1.6 | ) | |||||||
| Stock-based compensation expense | (2.3 | ) | 3.6 | (4.6 | ) | (0.6 | ) | ||||||||
| Acquisition and divestiture-related expense | — | (0.2 | ) | (0.2 | ) | (1.1 | ) | ||||||||
| Legal and other expense | (2.4 | ) | (3.0 | ) | (3.5 | ) | (4.2 | ) | |||||||
| Restructuring expense | — | (4.3 | ) | (0.2 | ) | (5.1 | ) | ||||||||
| Non-GAAP operating expense | $ | 39.5 | $ | 46.8 | $ | 76.1 | $ | 108.4 | |||||||
| Software divestitures | — | (2.2 | ) | — | (7.2 | ) | |||||||||
| Non-GAAP operating expenses excluding software divestitures | $ | 39.5 | $ | 44.6 | $ | 76.1 | $ | 101.2 | |||||||
Net (Loss) Income Attributable to 3D Systems Corporation to Adjusted EBITDA (Unaudited)
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in millions) | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||
| Net (loss) income attributable to 3D Systems Corporation (GAAP) | $ | (12.9 | ) | $ | 104.4 | $ | (17.3 | ) | $ | 67.5 | |||||
| Interest expense (income), net | 1.6 | (1.0 | ) | 3.2 | (1.4 | ) | |||||||||
| Provision for income taxes | 0.4 | 11.0 | 1.8 | 11.7 | |||||||||||
| Depreciation expense | 4.1 | 4.3 | 8.3 | 8.9 | |||||||||||
| Amortization expense | 1.0 | 0.9 | 1.7 | 2.0 | |||||||||||
| EBITDA (Non-GAAP) | (5.8 | ) | 119.6 | (2.3 | ) | 88.7 | |||||||||
| Stock-based compensation expense | 2.3 | (3.6 | ) | 4.6 | 0.6 | ||||||||||
| Acquisition and divestiture-related expense | — | 0.2 | 0.2 | 1.1 | |||||||||||
| Legal and other expense | 2.4 | 3.1 | 3.5 | 4.2 | |||||||||||
| Restructuring expense | — | 5.1 | 0.2 | 6.1 | |||||||||||
| Net loss attributable to redeemable non-controlling interest | — | — | (0.2 | ) | — | ||||||||||
| Loss on equity method investment, net of tax | 0.9 | 1.3 | 2.0 | 2.2 | |||||||||||
| Gain on repurchase of debt | — | (8.2 | ) | — | (8.2 | ) | |||||||||
| Gain on disposal of investment | — | — | (2.6 | ) | — | ||||||||||
| Gain on disposition | — | (125.7 | ) | — | (125.7 | ) | |||||||||
| Other non-operating income | (0.6 | ) | 2.8 | (4.2 | ) | 1.8 | |||||||||
| Adjusted EBITDA (Non-GAAP) | $ | (0.8 | ) | $ | (5.3 | ) | $ | 1.3 | $ | (29.3 | ) | ||||
| Software divestitures | — | 0.7 | — | (1.6 | ) | ||||||||||
| Adjusted EBITDA (Non-GAAP) excluding software divestitures | $ | (0.8 | ) | $ | (4.7 | ) | $ | 1.3 | $ | (30.8 | ) | ||||
Diluted Loss per Share (Unaudited)
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in dollars) | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||
| Diluted (loss) income per share (GAAP) | $ | (0.09 | ) | $ | 0.57 | $ | (0.12 | ) | $ | 0.37 | |||||
| Amortization expense | 0.01 | 0.01 | 0.01 | 0.01 | |||||||||||
| Stock-based compensation expense | 0.02 | (0.02 | ) | 0.03 | — | ||||||||||
| Acquisition and divestiture-related expense | — | — | — | 0.01 | |||||||||||
| Legal and other expense | 0.02 | 0.02 | 0.02 | 0.02 | |||||||||||
| Restructuring expense | — | 0.03 | — | 0.03 | |||||||||||
| Gain on repurchase of debt | — | (0.04 | ) | — | (0.04 | ) | |||||||||
| Gain on disposal of investment | — | — | (0.02 | ) | — | ||||||||||
| Gain on disposition | — | (0.69 | ) | — | (0.69 | ) | |||||||||
| Loss on equity method investment and other | 0.01 | 0.01 | 0.01 | 0.02 | |||||||||||
| Tax effect of the adjustments reflected above | — | 0.05 | — | 0.05 | |||||||||||
| Non-GAAP diluted loss per share | $ | (0.04 | ) | $ | (0.07 | ) | $ | (0.05 | ) | $ | (0.22 | ) | |||
| Software divestitures | — | 0.01 | — | (0.01 | ) | ||||||||||
| Non-GAAP diluted loss per share excluding software divestitures | $ | (0.04 | ) | $ | (0.06 | ) | $ | (0.05 | ) | $ | (0.23 | ) | |||
