3D Systems Corp

3dsystems.com

What Do They Do?

Sells additive manufacturing printers, materials and software to manufacturers, medical device makers and healthcare providers.

How Do They Make Money?

Customers buy printers and materials, with sales counted when the goods ship or are delivered. They also buy maintenance and software-support contracts, generally paid upfront and covered over the service term.

revenue

Segment	Share	Revenue	How money arrives
Products Sold outright	58% FY2022: 73%		Sold outright
Services Mix	42% FY2022: 27%		Mix

Who Are Their Customers?

Businesses in healthcare, manufacturing and other industries buy through the company's direct sales force, channel partners and, in some regions, distributors.

Customers above 10% of revenue, FY2025

of revenue from two customers (12%, 11%)

FY2023: 15% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$97.8M.

Operating income, FY2025

−25% of revenue

▼ −65% (Loss) vs FY2024 (−$277.4M, −63%)

Net income, FY2025

8% of revenue

▲ Now profitable vs FY2024 (−$255.6M, −58%)

Free cash flow, FY2025

−25% of revenue

▲ +60% (Loss) vs FY2024 (−$61M, −14%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ 0%; vs $94.8M in Q2 FY2025
Net income: ▼ Now a loss; vs $104.4M in Q2 FY2025

Products share of revenue vs 56.7% in Q2 FY2025

Aug 4, 2026 CEO Jeffrey Graves plans to leave after a successor is hired Dr. Graves will remain in the role until a successor is hired.
Aug 3, 2026 Company gives third-quarter revenue outlook of $96 - $99 million
Mar 26, 2026 Phyllis Nordstrom appointed chief financial officer

Shrinking. Revenue fell 37% in 4 years, from $615.6M in FY2021 to $386.9M in FY2025, about 11% a year.

Software portfolio The earlier report described design tools and Oqton's cloud manufacturing platform as part of its software offering. The latest report says the company sold Geomagic and Oqton and continues selling and supporting a divested metal-printing software product through Hubb Ventures.

Revenue over time

Products Services

$1B$500M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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