The company maintains a healthy liquidity profile with a current ratio of 9.01, though the equity base is pressured by a $1.0 billion retained earnings deficit as of 2026Q1.
| 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 |
|---|
| Total Current Assets | 505.4M | 525.81M | 789.33M | 893.99M | 1.06B | 1.31B | 676.15M | 9.85M | 8.77M | 9.2M | 13.32M | 9.05M | 330K | 4.88K |
| Cash & Short-Term Investments | 431M | 288.83M | 757.96M | 851.54M | 1.03B | 1.29B | 670.93M | 3.89M | 3.75M | 6.09M | 12.37M | 8.66M | 206.99K | 1.44K |
| Cash Only | 355.28M | 204.67M | 317.17M | 309.57M | 685.36M | 853.63M | 585.34M | 3.89M | 3.75M | 6.09M | 12.37M | 8.66M | 206.99K | 1.44K |
| Short-Term Investments | 75.72M | 84.15M | 440.79M | 541.97M | 346.66M | 437.6M | 85.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 22.7M | 26.05M | 12.53M | 22.22M | 12.83M | 4.58M | 1.14M | 2.17M | 1.68M | 449K | 814K | 211.85K | 123.01K | 3.45K |
| Days Sales Outstanding | 80.63 | 92.81 | 79.15 | 144.04 | 107.35 | 159.18 | 122.74 | 111.77 | 120.09 | 190.88 | 6.46K | 12.89K | 2.56K | -2.91 |
| Inventory | 31.7M | 32.88M | 16.9M | 18.39M | 19.4M | 11.2M | 0 | 3.54M | 3.12M | 2.33M | -225.72K | -264.57K | -122.94K | -3.46K |
| Days Inventory Outstanding | 171.41 | 176.24 | 188.17 | 217.54 | 239.37 | 436.2 | - | 254.37 | 260.5 | 738.13 | - | - | - | - |
| Other Current Assets | 20M | 178.06M | 537K | 60K | 60K | 3.51M | 3.38M | 31K | 21K | 107K | 0 | 0 | 122.94K | 3.46K |
| Total Non-Current Assets | 67.81M | 112.42M | 112.56M | 170.35M | 139.14M | 78.06M | 13.11M | 13M | 11.53M | 12.24M | 8.9M | 4.15M | 291.48K | 9.76K |
| Property, Plant & Equipment | 46.11M | 48.63M | 23.45M | 28.79M | 22.38M | 12.18M | 8.26M | 7.42M | 5.2M | 5.16M | 2M | 1.13M | 291.48K | 9.76K |
| Fixed Asset Turnover | 2.61x | 2.11x | 2.46x | 1.96x | 1.95x | 0.86x | 0.41x | 0.95x | 0.98x | 0.17x | 0.02x | 0.01x | 0.06x | -44.21x |
| Goodwill | 0 | 40.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19.31M | 0 | 0 | 0 |
| Intangible Assets | 18.31M | 19.43M | 2.15M | 2.23M | 0 | 0 | 4.44M | 5.21M | 5.98M | 6.74M | 26.09M | 2.91M | 0 | 0 |
| Long-Term Investments | 111.2M | 0 | 86.19M | 138.45M | 114.98M | 64.37M | 406K | 377K | 347K | 346K | 110.43K | 110K | 0 | 0 |
| Other Non-Current Assets | 2.96M | 3.54M | 768K | 881K | 1.66M | 501K | 406K | 377K | 347K | 345.55K | 110.49K | 109.64K | 0 | 0 |
| Total Assets | 573.21M | 638.22M | 901.89M | 1.06B | 1.2B | 1.39B | 689.26M | 22.86M | 20.3M | 21.44M | 22.22M | 13.2M | 621.48K | 14.64K |
| Asset Turnover | 0.17x | 0.16x | 0.06x | 0.05x | 0.04x | 0.01x | 0.00x | 0.31x | 0.25x | 0.04x | 0.00x | 0.00x | 0.03x | -29.47x |
| Asset Growth % | -91.66% | -29.23% | -15.26% | -11.56% | -13.42% | 101.66% | 2915.38% | 12.58% | -5.31% | -3.49% | 68.28% | 2024.36% | 4143.92% | - |
| Total Current Liabilities | 56.07M | 52.47M | 30.82M | 34.47M | 37.03M | 32M | 6.69M | 4.42M | 3.59M | 2.19M | 1.97M | 907.1K | 356.19K | 68.63K |
| Accounts Payable | 12.97M | 12M | 4.25M | 4.7M | 3.72M | 2.83M | 776K | 850K | 1.41M | 512K | 679K | 442.4K | 53.93K | 26.99K |
| Days Payables Outstanding | 57.72 | 64.32 | 47.31 | 55.55 | 45.92 | 110.35 | 121.35 | 61.02 | 118.21 | 162.22 | 1.29K | 4.45K | - | - |
| Short-Term Debt | 8.6M | 158K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.52K | 41.64K |
| Deferred Revenue (Current) | 48.71M | 11.87M | 3.69M | 3.86M | 3.82M | 3.45M | 1.19M | 1.22M | 905K | 413.74K | 262.83K | 24.59K | 32.61K | 0 |
| Other Current Liabilities | 21.24M | 16.64M | 10.06M | 11.55M | 18.08M | 19.72M | 1.23M | 913K | 722K | 731K | 1.06M | 280.89K | 57.05K | 0 |
| Current Ratio | 9.01x | 10.02x | 25.61x | 25.93x | 28.74x | 41.00x | 101.13x | 2.23x | 2.44x | 4.20x | 6.77x | 9.98x | 0.93x | 0.07x |
| Quick Ratio | 8.45x | 9.40x | 25.07x | 25.40x | 28.22x | 40.65x | 101.13x | 1.43x | 1.57x | 3.14x | 6.89x | 10.27x | 1.27x | 0.12x |
| Cash Conversion Cycle | 194.32 | 204.73 | 220.01 | 306.03 | 300.8 | 485.03 | - | 305.11 | 262.38 | 766.8 | - | - | - | - |
| Total Non-Current Liabilities | 31.7M | 33.77M | 12.37M | 14.08M | 16.13M | 13.73M | 15.45M | 6.83M | 1.14M | 1.13M | 955.39K | 254.38K | 95.02K | 0 |
| Long-Term Debt | 21.56M | 158K | 276K | 595K | 736K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 51.23M | 0 | 6.55M | 8.74M | 12.37M | 3.34M | 2.62M | 2.09M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 75K | 0 | 236K | 0 | 2.65M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 6.79M | 29.99M | 4.7M | 2.77M | 1.53M | 8.6M | 11.99M | 4.74M | 1.14M | 300.67K | 326.26K | 0 | 0 | 0 |
| Total Liabilities | 87.76M | 86.24M | 43.18M | 48.55M | 53.17M | 45.72M | 22.14M | 11.26M | 4.73M | 3.32M | 2.92M | 1.16M | 451.21K | 68.63K |
| Total Debt | 30.17M | 9.24M | 10.79M | 13.81M | 17.96M | 5.42M | 2.62M | 2.09M | 0 | 0 | 0 | 0 | 38.52K | 41.64K |
| Net Debt | -325.11M | -195.43M | -306.38M | -295.76M | -667.41M | -848.2M | -582.72M | -1.8M | -3.75M | -6.09M | -12.37M | -8.66M | -168.47K | 40.2K |
| Debt / Equity | 0.06x | 0.02x | 0.01x | 0.01x | 0.02x | 0.00x | 0.00x | 0.18x | - | - | - | - | 0.23x | - |
| Debt / EBITDA | -0.35x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 3.77x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -139.52x | -967.98x | -147.05x | -91.30x | -694.22x | -669.13x | -115.01x | -18.03x | - | -17.57x | -62.93x | -840.88x | -426.50x | -317.57x |
| Total Equity | 485.44M | 551.99M | 858.71M | 1.02B | 1.15B | 1.34B | 667.12M | 11.6M | 15.57M | 18.12M | 19.29M | 12.04M | 170.26K | -53.98K |
| Equity Growth % | -132.17% | -35.72% | -15.46% | -11.69% | -14.43% | 101.5% | 5650.01% | -25.49% | -14.07% | -6.08% | 60.24% | 6971.92% | 415.4% | - |
| Book Value per Share | 2.34 | 2.56 | 3.93 | 4.09 | 4.46 | 5.42 | 3.68 | 0.07 | 0.17 | 0.32 | 0.47 | 22.45 | 0.01 | -0.01 |
| Total Shareholders' Equity | 485.44M | 551.99M | 857.99M | 1.01B | 1.15B | 1.34B | 667.12M | 11.6M | 15.57M | 18.12M | 19.29M | 12.04M | 170.26K | -53.98K |
| Common Stock | 418.97M | 417.08M | 409.14M | 400.7M | 388.41M | 386.67M | 257.23M | 6.44M | 3.29M | 1.92M | 1.42M | 989.58K | 600.16K | 29.61M |
| Retained Earnings | -1.04B | -970.96M | -687.1M | -591.21M | -536.66M | -309.23M | -108.46M | -59.96M | -51.61M | -38.44M | -18.35M | -9.26M | -3.89M | -276.81K |
| Treasury Stock | -192.51M | -192.51M | -167.65M | -97.9M | -1.51M | -1.51M | -1.51M | -1.51M | -1.51M | -1.51M | -1.51M | -1.35M | -1.35M | -1.52M |
| Accumulated OCI | 1.24M | 1.05M | -1.02M | 3.64M | 3.09M | 1.41M | 1.43M | 1.43M | 1.43M | 7.38M | 5.57M | 3.73M | 495.13K | -27.87M |
| Minority Interest | 0 | 0 | 715K | 1.01M | 767K | 875K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent Cash Burn Rate
According to the provided financial data, Nano Dimension's total assets have contracted from $1.1 billion in 2023Q4 to $573.2 million in 2026Q1, signaling a significant reduction in the company's resource base as capital is deployed to fund ongoing operational losses and inorganic growth initiatives.
The steady decline in total assets suggests that the company is consuming its capital reserves faster than it can replace them through organic growth or value-accretive acquisitions. Investors should monitor whether this downward trajectory in asset volume reflects a strategic downsizing or an inability to maintain the scale required for long-term competitiveness.
As reported in financial statements, the company's cash position has fluctuated significantly, dropping from $487.4 million in 2025Q1 to $355.3 million in 2026Q1, which indicates that the liquidity buffer is being actively utilized to sustain operations despite the absence of positive free cash flow.
While the current ratio of 9.01 remains high, the rapid depletion of cash reserves suggests that the company's liquidity position is more vulnerable than the headline ratio implies. This reliance on cash reserves to cover operating deficits warrants further investigation into the company's long-term runway and potential need for future capital raises.
Based on reported figures, Nano Dimension's retained earnings have deteriorated to a deficit of $1.0 billion as of 2026Q1, reflecting the cumulative impact of persistent operating losses that continue to erode the company's total equity base over the observed ten-quarter period.
The consistent expansion of the accumulated deficit highlights the difficulty the company faces in achieving profitability, effectively offsetting the capital raised from shareholders. This trend suggests that the equity base is primarily supported by historical capital injections rather than internal value creation, which may limit future financial flexibility.
As indicated by the balance sheet data, goodwill has fluctuated from $2.2 million in 2024Q4 to $40.4 million in 2025Q4 before settling at $18.3 million in 2026Q1, suggesting that acquisition-related accounting adjustments are creating significant noise in the company's reported asset valuations.
The volatility in goodwill implies that the company's asset base is sensitive to the timing and valuation of its M&A activities, which may obscure the underlying quality of its tangible assets. Analysts should be cautious, as potential future impairments could further impact the equity position if acquired technologies fail to meet performance expectations.
Quick answers to the most common questions about buying NNDM stock.
As of 2025, Nano Dimension Ltd. (NNDM) had total assets of $638.2M including $525.8M in current assets.
Nano Dimension Ltd. (NNDM) carries total debt of $9.2M, offset by $288.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Nano Dimension Ltd. (NNDM) has total shareholders' equity (book value) of $552.0M ($2.56 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Nano Dimension Ltd. (NNDM) reported a current ratio of 10.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.