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Stratasys Q1 2025 Earnings Report
Stratasys reported a decrease in revenue but achieved net profitability on an adjusted basis and positive cash flow from operating activities in the first quarter of 2025.
Key Takeaways
Stratasys reported first-quarter 2025 financial results with revenue of $136.0 million, a GAAP net loss of $13.1 million, and a non-GAAP net income of $2.9 million. The company also reported $8.2 million in Adjusted EBITDA and $4.5 million in cash provided by operating activities. Subsequent to the quarter end, Stratasys added $120 million in cash from an investment by Fortissimo Capital, strengthening its balance sheet and raising its 2025 annual earnings forecast.
Revenue for Q1 2025 was $136.0 million, a decrease from $144.1 million in the prior year period.
The company achieved a GAAP net loss of $13.1 million, or $0.18 per diluted share, but a non-GAAP net income of $2.9 million, or $0.04 per diluted share.
Adjusted EBITDA significantly increased to $8.2 million in Q1 2025, up from $4.1 million in the prior year period.
Cash, equivalents, and short-term deposits stood at $150.1 million with no debt as of March 31, 2025, further bolstered by a $120 million investment post-quarter end.
Stratasys
Stratasys
Stratasys Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Stratasys is reiterating its full-year 2025 outlook, expecting revenue between $570 million and $585 million, with improved operating and free cash flow compared to 2024. The company is raising its 2025 annual earnings forecast due to the Fortissimo investment.
Positive Outlook
- Full year revenue expected to be $570 million to $585 million, improving sequentially.
- Full-year non-GAAP gross margins projected at 48.8%-49.2%, improving sequentially.
- Full year non-GAAP operating margins in a range of 4.0% to 5.0%.
- Adjusted EBITDA expected to be $44 million to $50 million, or 7.8% to 8.5% of revenue.
- Expects to generate improved operating and free cashflow, at higher levels than in 2024.
Challenges Ahead
- GAAP net loss is still projected, though improved, from $64 million to $49 million.
- Full year operating expenses are expected to be in a range of $254 million to $257 million.
- Capital expenditures are projected to be $25 million to $30 million.
- Potential impacts from tariff policy, global inflationary pressures, relatively high interest rates, and supply chain costs could impede economic activity.
- The company is still forecasting a GAAP operating loss of $(57) million to $(43) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income