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Markforged Holding Corp

markforged.com

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2024 10-K, filed Mar 28, 2025. Its latest SEC filing is a SCHEDULE 13G/A from May 14, 2025.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Builds industrial three-dimensional printers, metal and composite materials, and cloud software for manufacturers making tooling and end-use parts.

How Did They Make Money?

Value-added resellers, usually the company’s customers, buy printers and consumable materials; invoices go out at shipment and payment is typically due within 60 days. Maintenance is invoiced at the start of its term, and maintenance and premium cloud software generate revenue over their service terms.

FY2024 revenue

Who Were Their Customers?

It sells mainly through global third-party resellers, which are usually its customers; end users range from small and midsize organizations to large manufacturers in aerospace, defense and automotive.

Did Revenues Turn Into Profits?

No. It lost $85.6M in FY2024.

Operating income, FY2024
−102% of revenue
▼ −22% (Loss) vs FY2023 (−$111.4M, −119%)
Net income, FY2024
−101% of revenue
▼ −17% (Loss) vs FY2023 (−$103.6M, −110%)
Free cash flow, FY2024
−74% of revenue
▲ +19% (Loss) vs FY2023 (−$52.5M, −56%)

How Were They Changing?

Since the FY2024 annual report
  • Apr 25, 2025 Markforged completed its merger Markforged’s common shares converted into a right to receive $5.00 per share in cash.

Grew. Revenue grew 18% in 4 years, from $71.9M in FY2020 to $85.1M in FY2024, about 4% a year.

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