Revenue has experienced a sustained decline, culminating in a 2026Q1 revenue of $95.5M alongside a persistent negative operating margin of -6.7%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 387.9M | 386.9M | 440.12M | 488.07M | 538.03M | 615.64M | 557.24M | 636.35M | 687.66M | 646.07M | 632.97M | 666.16M | 653.65M | 513.4M | 353.63M | 230.42M | 159.87M | 112.83M | 138.94M | 156.52M | 134.82M | 139.67M | 125.38M | 110.02M | 115.96M | 121.22M | 109.67M | 96.9M | 98.1M | 90.3M | 79.6M |
| Revenue Growth % | -10.16% | -12.09% | -9.82% | -9.29% | -12.61% | 10.48% | -12.43% | -7.46% | 6.44% | 2.07% | -4.98% | 1.91% | 27.32% | 45.18% | 53.47% | 44.13% | 41.68% | -18.79% | -11.23% | 16.09% | -3.47% | 11.4% | 13.97% | -5.13% | -4.34% | 10.53% | 13.18% | -1.22% | 8.64% | 13.44% | 27.16% |
| Cost of Goods Sold | 256.29M | 257.12M | 275.94M | 291.65M | 323.8M | 351.86M | 333.87M | 355.81M | 363.27M | 341.23M | 323.21M | 374.35M | 336.22M | 245.81M | 172.44M | 121.39M | 85.89M | 63.1M | 82.97M | 93.06M | 88.56M | 76.54M | 69.29M | 66.87M | 69.34M | 67.85M | 50.57M | 54.2M | 49.7M | 52.1M | 38.2M |
| COGS % of Revenue | - | 66.46% | 62.7% | 59.76% | 60.18% | 57.15% | 59.91% | 55.91% | 52.83% | 52.82% | 51.06% | 56.2% | 51.44% | 47.88% | 48.76% | 52.68% | 53.73% | 55.93% | 59.72% | 59.45% | 65.69% | 54.8% | 55.26% | 60.79% | 59.8% | 55.97% | 46.11% | 55.93% | 50.66% | 57.7% | 47.99% |
| Gross Profit | 131.61M | 129.78M | 164.18M | 196.42M | 214.23M | 263.78M | 223.38M | 280.54M | 324.39M | 304.84M | 309.75M | 291.81M | 317.43M | 267.59M | 181.2M | 109.03M | 73.98M | 49.73M | 55.97M | 63.46M | 46.26M | 63.13M | 56.09M | 43.14M | 46.62M | 53.38M | 59.11M | 42.7M | 48.4M | 38.2M | 41.4M |
| Gross Margin % | 33.93% | 33.54% | 37.3% | 40.24% | 39.82% | 42.85% | 40.09% | 44.09% | 47.17% | 47.18% | 48.94% | 43.8% | 48.56% | 52.12% | 51.24% | 47.32% | 46.27% | 44.07% | 40.28% | 40.55% | 34.31% | 45.2% | 44.74% | 39.21% | 40.2% | 44.03% | 53.89% | 44.07% | 49.34% | 42.3% | 52.01% |
| Gross Profit Growth % | - | -20.95% | -16.42% | -8.31% | -18.78% | 18.09% | -20.38% | -13.52% | 6.41% | -1.59% | 6.15% | -8.07% | 18.63% | 47.68% | 66.19% | 47.38% | 48.76% | -11.15% | -11.81% | 37.19% | -26.73% | 12.55% | 30.01% | -7.46% | -12.65% | -9.7% | 38.42% | -11.78% | 26.7% | -7.73% | 20.7% |
| Operating Expenses | 194.7M | 216.65M | 441.58M | 602.42M | 331.25M | 296.85M | 342.34M | 337.64M | 367.58M | 358.81M | 348.17M | 396.55M | 291.12M | 186.73M | 120.63M | 74.13M | 53.06M | 46.66M | 61.06M | 68.59M | 65.3M | 52.56M | 49.88M | 57.67M | 63.7M | 54.47M | 46.77M | 50.3M | 45.6M | 45.8M | 36M |
| OpEx % of Revenue | - | 56% | 100.33% | 123.43% | 61.57% | 48.22% | 61.43% | 53.06% | 53.45% | 55.54% | 55.01% | 59.53% | 44.54% | 36.37% | 34.11% | 32.17% | 33.19% | 41.35% | 43.95% | 43.82% | 48.44% | 37.63% | 39.79% | 52.42% | 54.93% | 44.93% | 42.64% | 51.91% | 46.48% | 50.72% | 45.23% |
| Selling, General & Admin | 136.43M | 153.18M | 210.13M | 210.17M | 244.18M | 227.7M | 219.9M | 254.35M | 272.29M | 264.19M | 259.78M | 303.78M | 215.72M | 143.24M | 97.42M | 59.8M | 42.33M | 35.53M | 45.86M | 54.16M | 51.2M | 40.38M | 39.41M | 48.64M | 48.33M | 43.76M | 32.71M | 35.3M | 30.4M | 29.7M | 24.7M |
| SG&A % of Revenue | - | 39.59% | 47.74% | 43.06% | 45.38% | 36.99% | 39.46% | 39.97% | 39.6% | 40.89% | 41.04% | 45.6% | 33% | 27.9% | 27.55% | 25.95% | 26.48% | 31.49% | 33.01% | 34.6% | 37.98% | 28.91% | 31.43% | 44.21% | 41.68% | 36.1% | 29.82% | 36.43% | 30.99% | 32.89% | 31.03% |
| Research & Development | 54.66M | 63.48M | 86.48M | 89.47M | 87.07M | 69.15M | 74.14M | 83.29M | 95.3M | 94.63M | 88.39M | 92.77M | 75.39M | 43.49M | 23.2M | 14.33M | 10.72M | 11.13M | 15.2M | 14.43M | 14.1M | 12.18M | 10.47M | 9.03M | 15.37M | 10.71M | 7.81M | 8.9M | 9.4M | 11M | 7.7M |
| R&D % of Revenue | - | 16.41% | 19.65% | 18.33% | 16.18% | 11.23% | 13.31% | 13.09% | 13.86% | 14.65% | 13.97% | 13.93% | 11.53% | 8.47% | 6.56% | 6.22% | 6.71% | 9.86% | 10.94% | 9.22% | 10.46% | 8.72% | 8.35% | 8.21% | 13.25% | 8.83% | 7.12% | 9.18% | 9.58% | 12.18% | 9.67% |
| Other Operating Expenses | 1000K | 0 | 144.97M | 302.79M | 0 | 0 | 48.3M | 0 | 0 | -2.5M | -1.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.25M | 6.1M | 5.8M | 5.1M | 3.6M |
| Operating Income | -63.09M | -86.87M | -277.4M | -406M | -117.02M | -33.07M | -118.96M | -57.1M | -43.19M | -53.97M | -38.42M | -641.92M | 26.32M | 80.86M | 60.57M | 34.9M | 20.92M | 3.07M | -5.09M | -5.13M | -25.69M | 9.35M | 5.6M | -14.97M | -21.43M | -1.1M | 12.34M | -7.6M | 2.8M | -7.6M | 5.4M |
| Operating Margin % | -16.27% | -22.45% | -63.03% | -83.19% | -21.75% | -5.37% | -21.35% | -8.97% | -6.28% | -8.35% | -6.07% | -96.36% | 4.03% | 15.75% | 17.13% | 15.15% | 13.09% | 2.72% | -3.66% | -3.28% | -19.06% | 6.69% | 4.47% | -13.61% | -18.48% | -0.9% | 11.25% | -7.84% | 2.85% | -8.42% | 6.78% |
| Operating Income Growth % | - | 68.68% | 31.68% | -246.96% | -253.86% | 72.2% | -108.33% | -32.21% | 19.98% | -40.48% | 94.01% | -2539.38% | -67.46% | 33.5% | 73.55% | 66.84% | 580.77% | 160.37% | 0.76% | 80.04% | -374.92% | 66.85% | 137.4% | 30.13% | -1855.29% | -108.88% | 262.34% | -371.43% | 136.84% | -240.74% | 8% |
| EBITDA | -42.16M | -65.36M | -244.09M | -372.59M | -80.98M | 1.55M | -74.37M | -6.71M | 16.1M | 8.07M | 22.11M | -558.86M | 81.5M | 111.31M | 81.8M | 46.4M | 28.44M | 8.96M | 1.59M | 1.84M | -19.16M | 15.11M | 12.56M | -6.55M | -11.53M | 6.61M | 18.58M | -1.5M | 8.6M | -2.5M | 9M |
| EBITDA Margin % | -10.87% | -16.89% | -55.46% | -76.34% | -15.05% | 0.25% | -13.35% | -1.05% | 2.34% | 1.25% | 3.49% | -83.89% | 12.47% | 21.68% | 23.13% | 20.14% | 17.79% | 7.94% | 1.14% | 1.18% | -14.21% | 10.82% | 10.02% | -5.95% | -9.94% | 5.45% | 16.94% | -1.55% | 8.77% | -2.77% | 11.31% |
| EBITDA Growth % | 82.62% | 73.22% | 34.49% | -360.07% | -5311.39% | 102.09% | -1008.65% | -141.66% | 99.58% | -63.52% | 103.96% | -785.69% | -26.78% | 36.07% | 76.28% | 63.16% | 217.45% | 464.88% | -13.85% | 109.61% | -226.83% | 20.32% | 291.8% | 43.21% | -274.46% | -64.44% | 1338.87% | -117.44% | 444% | -127.78% | 13.92% |
| D&A (Non-Cash Add-back) | 20.93M | 21.51M | 33.31M | 33.41M | 36.03M | 34.62M | 44.59M | 50.4M | 59.29M | 62.04M | 60.53M | 83.07M | 55.19M | 30.44M | 21.23M | 11.5M | 7.52M | 5.89M | 6.68M | 6.97M | 6.53M | 5.76M | 6.96M | 8.43M | 9.9M | 7.7M | 6.25M | 6.1M | 5.8M | 5.1M | 3.6M |
| EBIT | 72.2M | -86.87M | -247.43M | -359.01M | -118M | 321.88M | -139.42M | -57.1M | -43.19M | -53.97M | -38.53M | -652.94M | 34.31M | 80.86M | 60.57M | 34.9M | 20.92M | 3.07M | -4.94M | -5.13M | -25.69M | 9.64M | 6.67M | -14.53M | -17.08M | -2.32M | 12.06M | -7.6M | 2.8M | -7.6M | 5.4M |
| Net Interest Income | -3.16M | -1.21M | 4.74M | 16.21M | 6.54M | -1.9M | -3.99M | -3.23M | -37K | -135K | -475K | -1.49M | -745K | -2.17M | -17.29M | -2.46M | -1.18M | -1.16M | -370K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 3.59M | 3.96M | 7.3M | 19.51M | 9.35M | 438K | 0 | 1.21M | 0 | 784K | 807K | 521K | 482K | 1.26M | 0 | 0 | 0 | 0 | 526K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.75M | 5.16M | 2.56M | 3.3M | 2.81M | 2.34M | 3.99M | 4.44M | 37K | 919K | 1.28M | 2.01M | 1.23M | 3.42M | 17.29M | 2.46M | 1.18M | 1.16M | 770K | 0 | 762K | 0 | 2.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 141.06M | 131.63M | 24M | 42.41M | -3.79M | 352.61M | -24.45M | -8M | -37K | -3.55M | -1.39M | -13.03M | -8.93M | -16.86M | -17.29M | -2.46M | -1.18M | -1.16M | -369K | -1.12M | -8.06M | -700K | -1.98M | -2.9M | 15.47M | -2.25M | 115K | 100K | 400K | 800K | 1.4M |
| Pretax Income | 77.97M | 44.75M | -253.4M | -363.59M | -120.81M | 319.54M | -143.41M | -65.1M | -43.23M | -57.52M | -39.81M | -654.95M | 17.39M | 64.01M | 43.28M | 32.45M | 19.74M | 1.91M | -5.86M | -6.25M | -27.1M | 8.58M | 3.62M | -17.88M | -5.96M | -2.13M | 12.45M | -7.5M | 3.2M | -6.8M | 6.8M |
| Pretax Margin % | 20.1% | 11.57% | -57.58% | -74.5% | -22.45% | 51.9% | -25.74% | -10.23% | -6.29% | -8.9% | -6.29% | -98.32% | 2.66% | 12.47% | 12.24% | 14.08% | 12.35% | 1.7% | -4.22% | -3.99% | -20.1% | 6.15% | 2.89% | -16.25% | -5.14% | -1.76% | 11.35% | -7.74% | 3.26% | -7.53% | 8.54% |
| Income Tax | 15.68M | 14.87M | 2.19M | -641K | 2.14M | -2.51M | 6.18M | 4.53M | 2.04M | 7.8M | -547K | 8.97M | 5.44M | 19.89M | 4.34M | -2.97M | 173K | 774K | 294K | 491K | 2.18M | -1.5M | 1.06M | 1.11M | 8.91M | -788K | 4.31M | -2.2M | 1.1M | -2.2M | 2.2M |
| Effective Tax Rate % | 20.11% | 33.23% | -0.87% | 0.18% | -1.77% | -0.79% | -4.31% | -6.96% | -4.71% | -13.56% | 1.37% | -1.37% | 31.29% | 31.07% | 10.02% | -9.17% | 0.88% | 40.46% | -5.02% | -7.86% | -8.04% | -17.48% | 29.29% | -6.19% | -149.56% | 37.01% | 34.6% | 29.33% | 34.38% | 32.35% | 32.35% |
| Net Income | 62.45M | 29.88M | -255.59M | -362.69M | -122.71M | 322.05M | -149.59M | -69.88M | -45.51M | -66.19M | -38.42M | -655.49M | 11.64M | 44.11M | 38.94M | 35.42M | 19.57M | 1.07M | -6.15M | -6.74M | -29.28M | 10.08M | 2.56M | -26.02M | -14.87M | -1.34M | 8.14M | -5.3M | 2.1M | -4.6M | 4.6M |
| Net Margin % | 16.1% | 7.72% | -58.07% | -74.31% | -22.81% | 52.31% | -26.85% | -10.98% | -6.62% | -10.25% | -6.07% | -98.4% | 1.78% | 8.59% | 11.01% | 15.37% | 12.24% | 0.94% | -4.43% | -4.31% | -21.72% | 7.22% | 2.04% | -23.65% | -12.82% | -1.11% | 7.43% | -5.47% | 2.14% | -5.09% | 5.78% |
| Net Income Growth % | 122.58% | 111.69% | 29.53% | -195.56% | -138.1% | 315.28% | -114.07% | -53.57% | 31.25% | -72.29% | 94.14% | -5732.83% | -73.62% | 13.27% | 9.94% | 81.03% | 1735.46% | 117.32% | 8.69% | 76.98% | -390.39% | 293.71% | 109.84% | -75.05% | -1008.58% | -116.47% | 253.66% | -352.38% | 145.65% | -200% | -48.31% |
| Net Income (Continuing) | 62.29M | 29.88M | -255.59M | -362.95M | -122.95M | 322.05M | -149.59M | -69.63M | -45.26M | -65.32M | -39.27M | -663.92M | 11.95M | 44.12M | 38.94M | 35.42M | 19.57M | 1.14M | -6.15M | -6.74M | -29.28M | 9.41M | 3.02M | -18.98M | -14.87M | -2.36M | 7.87M | -5.3M | 2.1M | -4.6M | 4.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 2.19M | 1.96M | 2.01M | 1.76M | 0 | 0 | -8.26M | 6.49M | 5.97M | 5.7M | 7.61M | 10.08M | 1.15M | 0 | 0 | 0 | 73K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.44 | 0.19 | -1.94 | -2.85 | -0.96 | 2.55 | -1.27 | -0.61 | -0.41 | -0.59 | -0.35 | -5.85 | 0.11 | 0.45 | 0.48 | 0.47 | 0.28 | 0.02 | -0.09 | -0.11 | -0.56 | 0.18 | 0.02 | -0.68 | -0.39 | -0.04 | 0.20 | -0.16 | 0.06 | -0.13 | 0.13 |
| EPS Growth % | 111.96% | 109.79% | 31.93% | -196.88% | -137.65% | 300.79% | -108.2% | -48.78% | 30.51% | -68.57% | 94.02% | -5418.18% | -75.56% | -6.25% | 2.13% | 67.86% | 1576.65% | 118.19% | 16.55% | 80.36% | -411.11% | 672.53% | 103.43% | -74.36% | -998.59% | -117.75% | 225% | -366.67% | 146.15% | -200% | -53.57% |
| EPS (Basic) | - | 0.23 | -1.94 | -2.85 | -0.96 | 2.62 | -1.27 | -0.61 | -0.41 | -0.59 | -0.35 | -5.85 | 0.11 | 0.45 | 0.48 | 0.47 | 0.28 | 0.02 | -0.09 | -0.11 | -0.56 | 0.19 | 0.03 | -0.68 | -0.39 | -0.04 | 0.22 | -0.16 | 0.06 | -0.13 | 0.13 |
| Diluted Shares Outstanding | 143.26M | 125.63M | 131.86M | 129.94M | 127.82M | 126.33M | 117.58M | 113.81M | 112.33M | 111.55M | 111.19M | 111.97M | 108.02M | 98.39M | 81.72M | 76.08M | 70.39M | 67.81M | 67.06M | 61.89M | 52.02M | 48.01M | 42.45M | 38.35M | 38.51M | 37.74M | 38.7M | 34.13M | 34.78M | 34.5M | 35.22M |
| Basic Shares Outstanding | 143.26M | 129.16M | 131.86M | 129.94M | 127.82M | 122.87M | 117.58M | 113.81M | 112.33M | 111.55M | 111.19M | 111.97M | 108.02M | 98.39M | 80.82M | 74.62M | 69.25M | 67.63M | 67.06M | 61.89M | 52.02M | 44.78M | 39.68M | 38.35M | 38.51M | 37.74M | 35.77M | 34.13M | 34.04M | 34.5M | 35.22M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Persistent Operating Margin Deficit
According to the provided financial data, 3D Systems has experienced a sustained period of revenue decline, with the most recent quarterly revenue of $95.5M representing a significant contraction compared to historical peaks, signaling a challenging environment for the company's core industrial hardware and service offerings.
The consistent year-over-year revenue decline suggests that the company is struggling to maintain its market position amidst a cooling industrial capital expenditure cycle. Investors should monitor whether the recent 1.1% growth in 2026Q1 represents a genuine stabilization or merely a temporary fluctuation within a broader downward trend.
As reported in financial statements, the company's gross margin has fluctuated between 30.3% and 41.6% over the last ten quarters, reflecting an inability to consistently leverage its proprietary material ecosystem to offset the high costs associated with its hardware-centric business model and manufacturing overhead.
The variability in gross margins suggests that the company faces significant challenges in managing its product mix and absorbing fixed manufacturing costs. This lack of margin stability implies that the company's pricing power may be insufficient to protect profitability during periods of reduced industrial demand.
Based on reported figures, the stark discrepancy between the negative operating margins and the occasional positive net income, such as the 110.1% net margin in 2025Q2, indicates that headline profitability is heavily influenced by non-operating items rather than core operational efficiency or sustainable business growth.
The reliance on non-operating gains to bolster the bottom line warrants caution, as it masks the underlying operational burn. Analysts should focus on the persistent negative operating margins, which suggest that the core business model remains fundamentally challenged at its current scale.
Data from recent filings reveals that 3D Systems continues to grapple with high SG&A and R&D expenditures that frequently exceed gross profit, leading to consistent operating losses and suggesting that management has yet to successfully right-size the cost structure to match the current revenue environment.
The persistent operating losses indicate that the company's current expense discipline is not aligned with its reduced revenue base. Without a significant reduction in fixed overhead or a substantial increase in high-margin recurring revenue, the company may continue to face pressure on its cash reserves.
Analysis of the income statement suggests that the company's reliance on non-recurring items to achieve net profitability, combined with a negative operating margin of -22.45%, raises significant questions regarding the long-term viability of the current business model without further restructuring or capital infusion.
Short-term observers might point to the potential for margin expansion through software, but the current data suggests that hardware-related costs remain a dominant drag on performance. The lack of consistent operating profitability warrants further investigation into whether the company can achieve self-sustaining growth in the near term.
Quick answers to the most common questions about buying DDD stock.
For fiscal year 2025, 3D Systems Corporation (DDD) reported total revenue of $386.9M. This represents a 386.1% increase compared to $79.6M in 1996.
3D Systems Corporation (DDD) is profitable, generating $29.9M in net income for the fiscal year ending 2025 with a net profit margin of 7.7%.
3D Systems Corporation (DDD) reported an operating income of $-86.9M, resulting in an operating profit margin of -22.5%. This margin reflects the operational efficiency of the business before interest and taxes.
3D Systems Corporation (DDD) generated $129.8M in gross profit for the year, representing a gross profit margin of 33.5%. This demonstrates the company's core pricing power and production efficiency.