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Jun 30
3D Systems Q2 2025 Earnings Report
3D Systems reported its financial results for the second quarter ended June 30, 2025, showing improved profitability despite a decline in consolidated revenue.
Key Takeaways
3D Systems delivered improved profitability in the second quarter of 2025, driven by intense focus on cost structure and operational efficiencies, despite a 16% year-over-year decline in consolidated revenue to $94.8 million. The company reported a net income of $104.4 million, a significant increase from a loss in the prior year, largely due to gains from the sale of the Geomagic software platform and debt extinguishment. Adjusted EBITDA also improved, reducing its loss to $5.3 million.
Revenue for Q2 2025 decreased by 16% year-over-year to $94.8 million, reflecting softness in customer capex spending.
Net income attributable to 3D Systems Corporation significantly increased to $104.4 million, up by $131.7 million compared to the prior year, primarily due to gains on asset disposition and debt extinguishment.
Adjusted EBITDA improved by $7.6 million to a loss of $5.3 million, driven by a reduction in operating expenses.
The company successfully restructured its balance sheet, retiring $88 million in debt and repurchasing 8 million shares, while maintaining critical growth and efficiency investments.
3D Systems
3D Systems
3D Systems Revenue by Segment
Revenue by Segment
Healthcare Solutions Revenue
CapyFin.comIndustrial Solutions Revenue
CapyFin.com Forward Guidance
The company's cost savings initiatives are on track to support a return to positive cash flow in 2026. They expect tariffs to continue impacting operating costs in the second half of the year.
Positive Outlook
- Cost reduction and efficiency programs resulted in over $20 million of savings in operating expenses in Q2.
- Company’s previously announced cost initiatives are on track to support a return to positive cash flow in 2026.
- Successful balance sheet restructuring, combining debt retirement, refinancing, and share repurchase, allows for execution of restructuring program while maintaining continuity of critical growth and efficiency investments.
- Prior efforts to fully in-source manufacturing and supply chain operations are virtually complete and helping to offset headwinds from tariffs.
- Anticipate continued growth in medical markets, particularly in Personal Health Services and trauma-related orthopedic surgeries.
Challenges Ahead
- Consolidated revenue for the second quarter declined 16% year-over-year, reflecting significant softness in customers’ capex spending.
- Softness in customer capex spending is attributed to uncertainties created by extreme volatility in tariffs.
- Tariffs increased costs by roughly $1 million in the second quarter, and are expected to continue impacting operating costs through the second half of the year.
- Dental business was down 3% for the quarter, driven by a sharp decline in demand from customers serving the aligner market.
- The company does not provide forward-looking guidance for certain GAAP measures due to inherent uncertainties and difficulty in prediction.
Revenue & Expenses
Visualization of income flow from segment revenue to net income