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Proto Labs Q1 2025 Earnings Report
Protolabs reported a slight decrease in total revenue for the first quarter of 2025 compared to the previous year, with growth in revenue fulfilled through the Protolabs Network.
Key Takeaways
Protolabs announced first-quarter 2025 financial results with total revenue of $126.2 million, a 1.3% decrease year-over-year. Net income was $3.6 million, or $0.15 per diluted share, while non-GAAP net income was $8.1 million, or $0.33 per diluted share. The company served 21,627 customer contacts, with revenue per customer contact increasing by 2.5%.
Total revenue for Q1 2025 was $126.2 million, a 1.3% decrease from Q1 2024.
Net income was $3.6 million ($0.15 per diluted share), and non-GAAP net income was $8.1 million ($0.33 per diluted share).
Revenue fulfilled through the Protolabs Network increased by 10.0% to $26.3 million.
The company served 21,627 customer contacts, with revenue per customer contact growing 2.5% year-over-year to $5,836.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of 2025, Protolabs expects revenue to be between $124.0 million and $132.0 million, and diluted net income per share to be between $0.11 and $0.19. Non-GAAP diluted net income per share is projected to be between $0.30 and $0.38.
Positive Outlook
- Expected revenue range of $124.0 million to $132.0 million for Q2 2025.
- Non-GAAP diluted net income per share expected between $0.30 and $0.38.
- The company's strong start to the year establishes a solid foundation for growth in 2025.
- Continued evolution beyond prototyping into production by enhancing manufacturing capabilities.
- Well-positioned to serve customers through geographically diverse factory and network fulfillment model amidst evolving tariff landscape.
Challenges Ahead
- GAAP diluted net income per share expected to be between $0.11 and $0.19, which is lower than the non-GAAP guidance.
- The guidance range for revenue indicates potential for a slight decrease compared to Q1 2025 revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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