Nano Dimension has filed its financial results for the third quarter of this year, which also include Markforged, acquired in April, and Desktop Metal, acquired in April and then allowed to fall into bankruptcy in July.
Overall, the revenues rose 81% from US$14.9 million to US$26.9 million year on year, which includes US$17.5 million from Markforged though the company notes that these revenues were partially offset by lower revenues from the European business as tariffs are still impacting sales.
The total cost of those revenues rose year-on-year from US$7.7 million to US$18.7 million, with US$13.1 million attributed to the consolidation of Markforged, including $4.2 million for the impact of inventory step-up amortization and intangible asset amortization from purchase accounting.
Overall, the gross margin fell from 48% to 30.3%. The Earnings Before Interest, Tax, Depreciation and Amortisation, which gives a useful way of evaluating how a business is performing, showed a loss of US$16.6 million, slightly worse than the US$15.3 million loss in Q3 2024 (after exchange rates and share-based payments were taken into account to iron out quarter-to-quarter differences).
The net loss from continuing operations worsened, from US$9.9 million to US$29.5 million. Nano Dimension has blamed that increase in its net loss on the cost of integrating Markforged, along with US$2 million in restructuring expenses as well as US$5.7 million of impairment losses relating to the company’s US headquarters in Waltham, MA.
There were a further US$0.7 million of litigation expenses over Desktop Metal. In addition, winding down the Desktop Metal business led to the consolidation of losses from discontinued operations during Q3 of US$10.6 million and a loss from deconsolidation of US$12.9 million. That brings the total net loss for the third quarter to US$53 million
David Stehlin, chief executive officer for Nano Dimension, commented, “Since becoming CEO in September, I committed to transforming Nano Dimension with speed, discipline and greater transparency, and that is exactly what we are accomplishing. In the third quarter and accelerating into the fourth, we are achieving measurable reductions in operating expenses, deepening customer relationships, expanding our customer base and delivering revenue growth.”
Nano Dimension is continuing with its previously announced strategic review and has promoted John Brenton from vice president of global finance and corporate controller to chief financial officer on 1st November 2025. The company has repurchased approximately 10.1 million shares year to date for approximately US$17.1 million. This includes US3.5 million shares repurchased during the third quarter for US$5.6 million.
Nano Dimension has also once again offered financial guidance for the fourth quarter of 2025, which suggests revenue of US$31.5 million to US$33.5 million, gross margin of 47% to 48.5%, operating expenses of US$28 million to US$29 million, and adjusted EBITDA loss of US$12 million to US$14 million.
Stehlin continued, “We believe that our stock is significantly undervalued and have recently repurchased more than 10 million shares. For the first time in the Company’s recent history, we are providing financial guidance. We are beginning to realize the benefits of a laser-focused approach to improving operations and driving results, all while enhancing our position with critical customers. Nano Dimension is making meaningful improvements on all fronts.”
You can find further details on the company’s website at nano-di.com.
