3D Systems posts Q4 revenue growth as AM demand rises
3D Systems Corporation, Rock Hill, South Carolina, USA, has announced its financial results for the fourth quarter and full year ended December 31, 2025. Q4 revenue was reported at $106.3 million, growing 16% sequentially, attributable to new Additive Manufacturing machine sales and increased materials consumption.
For the full year 2025, 3D Systems reported double-digit, top-line growth in personalised health services and aerospace and defence markets. Cost reduction and efficiency programmes reportedly delivered around $55 million of annualised cost savings across 2025. The company reportedly expects to continue its growth momentum in 2026.
“We are pleased with our fourth quarter performance, which exceeded our expectations driven by both our Healthcare and Industrial segments,” stated Dr Jeffrey Graves, 3D Systems President and CEO. “Three markets were particularly noteworthy: med tech, dental, and aerospace and defence, which are rapidly adopting 3D printing as a core manufacturing method. These three markets have been a particular focus for our new product development over the last several years, and we believe offer sustained, growth opportunities over the next decade.”
“In our core aerospace and defence business, we achieved our target of 15% revenue growth for the full year, delivering 16% growth, and are tracking well to our expectation of 20% annual revenue growth in 2026. From a mix standpoint, we reported stronger than expected printer sales in the quarter, which weighed on gross margins but bodes well for future sales of consumables and services as these printers become operational.”
Q4 results
Total revenue decreased 4% to $106.3 million compared to the prior year period. After adjusting for the divestiture of Geomagic, total revenue grew 3% year over year.
Industrial Solutions revenue decreased 21% to $55.8 million compared to the prior year period. Adjusting for Geomagic, revenue decreased 11% year over year.
Gross profit margin decreased to 30.8% compared to 31.0% in the prior year period. Non-GAAP gross profit margin decreased to 31.0% compared to 31.3% in the prior year period. Adjusting for Geomagic, non-GAAP gross profit margin increased to 31.0% from 27.7%.
Net loss attributable to 3D Systems Corporation decreased by $14.2 million to $19.5 million compared to Q4 2024. The decrease was primarily attributed to a gain on disposition and reduction of operating expenses.
Adjusted EBITDA improved by $13.8 million to a loss of $5.3 million compared to the prior year period primarily driven by reductions in operating expense. Adjusting for Geomagic, adjusted EBITDA improved by $17.1 million compared to the prior year period.
“Our fourth quarter revenue increased 16% sequentially from the third quarter, driven by strengthening printer and materials sales in the period,” explained Phyllis Nordstrom, Interim Chief Financial Officer of 3D Systems. “During the quarter, we also continued to realise benefits from our cost reduction initiatives, achieving lower operating expenses and a $5.5 million improvement in adjusted EBITDA compared to the third quarter. We also strengthened our balance sheet by executing an equitisation transaction that retired the majority of our outstanding debt scheduled to mature in the fourth quarter of 2026. We remain intensely focused on reducing overall spending, while prioritising strategic investments that drive growth in our priority markets.”
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Full Year 2025
Total revenue decreased 12% to $386.9 million compared to the prior year period. Adjusting for Geomagic, total revenue declined 7% compared to the prior year period.
Industrial Solutions revenue decreased 17% to $207.3 million compared to the prior year period. Adjusting for Geomagic, revenue declined by 9% year over year.
Gross profit margin decreased to 33.9% compared to 37.3% in the prior year period. Non-GAAP gross profit margin decreased to 34.3% compared to 37.4% in the prior year period. Adjusting for Geomagic, non-GAAP gross profit margin decreased by 70 basis points.
Net income attributable to 3D Systems Corporation increased by $285.5 million to $29.9 million compared to the prior year period. The increase was primarily related to the gain on dispositions and reduction of operating expenses and a decrease of asset impairment charges as compared to the prior year period.
Adjusted EBITDA improved by $21.0 million to a loss of $45.4 million compared to the prior year period primarily driven by reductions in operating expense. Adjusting for Geomagic, Adjusted EBITDA improved by $30.8 million.
At December 31, 2025, 3D Systems had total cash of $97.1 million, which included cash and cash equivalents of $95.6 million and restricted cash of $1.5 million. A total of $3.9 million in principal amount of debt is scheduled to mature in the fourth quarter of 2026, with the remaining $92.0 million principal maturing in 2030.
