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Sep 30
Stratasys Q3 2025 Earnings Report
Stratasys reported a decrease in revenue but achieved positive non-GAAP net income and operating cash flow in Q3 2025.
Key Takeaways
Stratasys reported third-quarter 2025 revenue of $137.0 million, a slight decrease from $140.0 million in the prior year. Despite a GAAP net loss of $55.6 million, which included a significant non-cash impairment, the company achieved a non-GAAP net income of $1.5 million and generated $6.9 million in operational cash flow, demonstrating resilience through strong recurring revenues and cost management.
Revenue for Q3 2025 was $137.0 million, a decrease from $140.0 million in Q3 2024.
GAAP net loss was $55.6 million, or $0.65 per diluted share, primarily due to a $33.9 million non-cash impairment related to the Ultimaker investment.
Non-GAAP net income was $1.5 million, or $0.02 per diluted share, an increase from $0.4 million in the prior year.
The company generated $6.9 million in cash flow from operations, a significant improvement from $4.5 million of cash used in the prior year period.
Stratasys
Stratasys
Stratasys Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Stratasys is reiterating its non-GAAP outlook for the full year 2025, with expected revenue between $550 million and $560 million, and adjusting its GAAP Net Loss and EPS guidance due to the non-cash impairment. The company anticipates positive operating cash flow and adjusted EBITDA between $30 million and $32 million.
Positive Outlook
- Full year revenue projected to be between $550 million and $560 million.
- Non-GAAP gross margins expected to be strong, ranging from 46.7% to 47.0%.
- Anticipates positive operating cash flow for the full year.
- Adjusted EBITDA is projected to be between $30 million and $32 million.
- Non-GAAP net income is expected to range from $11 million to $13 million, with non-GAAP EPS between $0.13 and $0.16.
Challenges Ahead
- GAAP net loss is projected to be between $110 million and $99 million.
- GAAP EPS is expected to range from ($1.34) to ($1.21).
- GAAP operating margins are projected to be negative, ranging from (13)% to (11)%.
- The GAAP outlook adjustment is due to a significant non-cash impairment.
- Potential impacts from tariff policy, global inflationary pressures, high interest rates, and supply chain costs could impede economic activity.
Revenue & Expenses
Visualization of income flow from segment revenue to net income