Stratasys delivered resilient second-quarter results with revenue slightly up year-over-year, driven by recurring revenue streams. The company achieved non-GAAP net income and significantly improved adjusted EBITDA, despite ongoing macroeconomic uncertainties and restrained customer capital spending. They also updated their full-year 2025 outlook.
Revenue for Q2 2025 was $138.1 million, a slight increase from $138.0 million in Q2 2024.
GAAP net loss improved to $16.7 million ($0.20 per diluted share) from $25.7 million ($0.36 per diluted share) in the prior year.
Non-GAAP net income was $2.2 million ($0.03 per diluted share), a significant improvement from a non-GAAP net loss of $3.0 million ($0.04 per diluted share) in Q2 2024.
Adjusted EBITDA increased substantially to $6.1 million, up from $2.3 million in the same period last year.
Stratasys updated its full-year 2025 outlook, anticipating revenue between $550 million and $560 million, with positive operating cash flow. They expect non-GAAP gross margins of 46.7% to 47.0% and adjusted EBITDA ranging from $30 million to $32 million.
Visualization of income flow from segment revenue to net income