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SSYS

Stratasys Ltd.

SSYS

Stratasys Ltd. • NASDAQ
$8.79 ▲ 1.74% (+0.15)
Market Cap $750.98 M
52w High $12.88
52w Low $8.12
Dividend Yield 0%
P/E -5.33
Volume 343.50K
Outstanding Shares 85.44M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $136.97M ▼ $78.796M ▲ $-55.634M ▼ -40.618% ▼ $-0.65 ▼ $-44.423M ▼
Q2-2025 $138.086M ▲ $76.114M ▲ $-16.745M ▼ -12.127% ▼ $-0.2 ▼ $-2.763M ▼
Q1-2025 $136.046M ▼ $72.643M ▼ $-13.054M ▲ -9.595% ▲ $-0.18 ▲ $-1.633M ▼
Q4-2024 $150.359M ▲ $79.389M ▼ $-41.943M ▼ -27.895% ▼ $-0.59 ▼ $570K ▲
Q3-2024 $140.008M $82.045M $-26.614M -19.009% $-0.37 $-13.169M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $254.97M ▲ $1.087B ▼ $234.683M ▼ $852.525M ▼
Q2-2025 $254.573M ▲ $1.139B ▲ $236.606M ▼ $902.381M ▲
Q1-2025 $150.061M ▼ $1.023B ▼ $238.303M ▲ $784.841M ▼
Q4-2024 $150.7M ▲ $1.03B ▼ $236.755M ▼ $792.991M ▼
Q3-2024 $143.956M $1.083B $250.899M $831.778M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-16.745M ▼ $-1.111M ▼ $-119.855M ▼ $118.084M ▲ $1.028M ▲ $-8.394M ▼
Q1-2025 $-13.054M ▲ $4.542M ▼ $-4.088M ▼ $200K ▲ $-187K ▼ $304K ▼
Q4-2024 $-41.943M ▼ $7.389M ▲ $2.355M ▲ $-2.198M ▼ $6.244M ▲ $2.829M ▲
Q3-2024 $-26.614M ▼ $-4.464M ▼ $-2.234M ▲ $-415K ▲ $-6.304M ▲ $-6.669M ▼
Q2-2024 $-25.743M $-2.439M $-16.841M $-885K $-20.227M $-5.401M

Revenue by Products

Product Q3-2022Q4-2022Q2-2023Q4-2023
Product
Product
 $60.00M ▲$570.00M ▲$60.00M ▼$380.00M ▲
Service
Service
 $40.00M ▲$0 ▼$40.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Stratasys has been stuck in a pattern of modest sales with ongoing losses. Revenue has grown from earlier pandemic levels but has slipped a bit over the past couple of years, rather than showing a clear upward trend. The company earns a reasonable gross margin on what it sells, but overhead, R&D, and other operating costs are high enough that it consistently reports operating losses. Net results have been negative every year in this five‑year window, with one especially heavy loss year followed by smaller, but still meaningful, deficits. In plain terms: the business is not yet generating sustainable profits despite a solid product and service mix.

Balance Sheet

Balance Sheet The balance sheet is a relative bright spot. Stratasys carries very little debt and is funded mainly by shareholder equity, which lowers financial risk. Total assets have drifted down from their peak, and the cash balance has been shrinking over time, showing that the company has been drawing on its resources to support operations and investment. Equity has also eased down as losses accumulate, but it still represents most of the capital base. Overall, the company looks conservatively financed, but its cushion of cash and assets is slowly being worn down by lack of profitability.

Cash Flow

Cash Flow Cash generation is mixed. Some years the core business has produced modest cash, while other years it has consumed cash. Free cash flow has hovered around break‑even with stretches of cash burn, even though investment in equipment and other long‑term assets remains relatively modest. This pattern suggests a company that is close to, but not firmly at, self‑funding: it can sometimes cover its needs from operations, but performance is not yet stable or strong enough to be relied on through a downturn or prolonged investment cycle.

Competitive Edge

Competitive Edge Stratasys holds a narrow but real competitive edge in 3D printing. Its strengths include a long history in the field, a large installed base of machines, a steady stream of materials and service revenue, and a broad global sales and support network. Its mix of technologies allows it to serve both prototyping and production uses, which deepens relationships with industrial customers. At the same time, the competitive environment is tough. Well‑known rivals and aggressive new entrants continually launch alternative systems, often pushing prices down and shortening product cycles. Stratasys’ moat is defensible but not unassailable, so maintaining differentiation and customer loyalty is critical.

Innovation and R&D

Innovation and R&D Innovation is clearly at the center of Stratasys’ strategy. The company supports several distinct 3D printing platforms—FDM, PolyJet, SAF, and P3—each aimed at different use cases from high‑detail prototypes to true production parts. It is expanding into higher‑throughput, industrial‑scale systems, developing new high‑performance materials, and building a stronger software layer through platforms like GrabCAD and tools that support third‑party materials. The company is also weaving in artificial intelligence and emphasizing sustainability in its messaging and product design. The flip side is that this innovation agenda is expensive, and so far it has not translated into consistent profitability, making execution and customer adoption the key questions.

Summary

Stratasys looks like a technically strong, financially middling company in the middle of a strategic transition. It has credible technology, recognizable branding, and a recurring revenue base from materials and services, but its income statement shows persistent losses and only modest top‑line momentum. The balance sheet is still solid, with low debt and decent equity, yet the gradual drawdown of cash underlines the need for a clearer path to steady profits and stronger cash generation. The main opportunity lies in converting its broad technology portfolio and software ecosystem into deeper penetration of industrial, higher‑value manufacturing use cases. The main risks center on intense competition, rapid technology change, and the possibility that ongoing R&D and commercialization spending continue to outweigh the benefits before scale is reached. Monitoring progress on profitability, cash discipline, and adoption of new platforms in manufacturing environments would be key to understanding how this story evolves.

NEWS

November 18, 2025 · 8:15 AM UTC

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November 17, 2025 · 4:00 AM UTC

Stratasys Expands Beyond Polymers, Adding Production Grade Metal Manufacturing Technology to its Offering with Tritone Technologies

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November 13, 2025 · 7:30 AM UTC

Stratasys Releases Third Quarter 2025 Financial Results

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November 11, 2025 · 8:15 AM UTC

Stratasys Announces New Materials, Features, and Software Advancements to Accelerate Additive Manufacturing Productivity

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November 10, 2025 · 8:15 AM UTC

Stratasys Highlights Scalable Industrial Additive Manufacturing Solutions at Formnext 2025

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