NNDMNasdaqPrinted Circuit BoardsUS GAAP · USD

Nano Dimension Ltd.

Nano Dimension Ltd. develops industrial additive manufacturing systems and related materials, software, and services for electronics and mechanical part production. Its portfolio includes 3D printers, consumable materials, cloud-based software, and support services sold through direct channels, resellers, and partners, primarily to industrial and technical customers.

Liikevaihto102milj. USD
+77,3 %v/v
Liikevoitto (EBIT)−140milj. USD
−62,4 %v/v
EBIT-marginaali−137,0%
+12,6 %-yks.v/v
Nettotulos−293milj. USD
−205,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−150−100−50050100150milj. USD2020: 3,4 milj. USD20202021: 10 milj. USD20212022: 44 milj. USD20222023: 56 milj. USD2023: EBIT −129 milj. USD20232024: 58 milj. USD2024: EBIT −86 milj. USD20242025: 102 milj. USD2025: EBIT −140 milj. USD2025102−140
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Hardware systems55 %

Industrial 3D printers and additive manufacturing equipment sold to production and prototyping users.

Consumables and materials20 %

Proprietary printing materials and related consumables used with the installed base of printers.

Software and subscriptions10 %

Cloud-based software, digital workflow tools, and subscription access to the platform.

Services and support15 %

Installation, maintenance, customer success, and other support services.

Tuotteet

Raportoitu · osuus liikevaihdosta
78,5%21,5%FY2025100 %
  • Products78,5 %
  • Services21,5 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells to advanced industrial users that need design flexibility and industrial-strength parts for manufacturing workflows. End markets cited in reports include aerospace, defense, automotive, electronics, medical, research and academia, and government organizations. A meaningful portion of sales also flows through value-added resellers and channel partners that serve end users.

Aerospace and defense

Buy industrial printers and materials for mission-critical prototyping and specialized part production.

Electronics manufacturers

Use the systems for electronics manufacturing workflows and design-to-manufacturing applications.

Automotive and medical

Purchase additive manufacturing systems for prototyping, tooling, and specialized production parts.

Research, academia, and government

Buy systems for experimentation, development, and advanced manufacturing programs.

Value-added resellers and channel partners

Purchase products for resale and often provide installation and local customer support.

Strategia

The company is focused on expanding hardware sales because installed printers are the entry point for recurring consumables and software revenue. It is also investing in marketing, sales, operations, and R&D to broaden market penetration and improve its integrated hardware-software-materials platform. The Markforged acquisition broadened the product portfolio and added cloud-based software and industrial printer capabilities.

Expand hardware penetrationLyhyt aikaväli

Printer sales drive the installed base that later supports consumables and software revenue.

Build recurring revenue streamsKeskipitkä aikaväli

Consumables, software, and subscriptions can monetize the installed base over time.

Strengthen integrated product platformKeskipitkä aikaväli

Combining hardware, software, and materials improves customer value and differentiation.

Maantiede

Q2/2026

The company operates as a U.S.-based business with sales and customer activity across industrial markets rather than a single end-market geography. The reports emphasize global supply chain exposure and channel-based distribution, which makes manufacturing, logistics, and customer access important parts of the operating model. No authoritative country revenue split was provided in the excerpts.

EMEA39 %
Americas35 %
Asia Pacific25 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business depends on hardware adoption, so demand volatility can affect both current revenue and future recurring consumables sales. It also faces competition, tariff and supply-chain exposure, and execution risk in scaling a multi-channel industrial manufacturing platform. Because the company has historically operated at a loss, funding needs and acquisition integration remain important business risks.

Järjestetty vakavuuden mukaan
Dependence on hardware salesKorkea

Printer sales are the main driver of revenue and the installed base for future consumables and software.

Kohdistuu: Hardware adoption and customer utilization

Tariffs and trade-related demand pressureKorkea

Management cited increased tariffs as a factor behind lower legacy product sales volume.

Kohdistuu: International sourcing and customer purchasing decisions

Supply chain and manufacturing executionKeskitaso

The company relies on both third-party manufacturers and internal facilities for production and delivery.

KohdistuuMaterials procurementFreightWarranty costs
Competition and pricing pressureKeskitaso

Gross margin and market share depend on pricing, product mix, and customer adoption in a competitive niche.

Kohdistuu: Industrial additive manufacturing market

Acquisition integration riskKeskitaso

The business has expanded through acquisition, which can create integration and product-portfolio execution risk.

Kohdistuu: Markforged integration

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition by product type

Hardware is recognized at transfer of control, while software/subscriptions are recognized over time.

Vaikutus: Changes reported revenue timing and mix

Seasonality

Historical hardware sales are higher in the third and fourth quarters.

Vaikutus: Quarterly comparability and working capital swings

Inventory reserves and obsolescence

Additive manufacturing hardware and consumables can become excess or obsolete.

Vaikutus: Affects gross profit and inventory carrying values

Acquisition accounting and intangible assets

The Markforged acquisition can create fair value step-ups, amortization, and impairment exposure.

Vaikutus: Affects operating expenses and balance sheet values

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026