Stratasys Releases Fourth Quarter and Full Year 2025 Financial Results
MINNETONKA, Minn. & REHOVOT, Israel--( BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS), a leader in polymer 3D printing solutions, today announced financial results for the fourth quarter and full year 2025.
Dr. Yoav Zeif, Stratasys' Chief Executive Officer, stated, “Our fourth quarter performance caps a year in which we successfully maintained our operational discipline and delivered solid cash flow generation, demonstrating the resilience that distinguishes Stratasys. We generated 37.5% of our revenues from manufacturing applications, up from 25% in 2020, and made meaningful progress building on the foundational infrastructure of our highest-value use-cases, as we continued to improve our position in aerospace and defense, automotive tooling, dental, and medical applications.”
Dr. Zeif continued, “As we enter 2026, we do so with proven operational excellence, strategic clarity, and the technology portfolio to capitalize on the inevitable return of customer spending. Our commitment to innovation remains unwavering, supported by continued R&D investment and strategic partnerships that provide complete end-to-end solutions. Combined with our strong balance sheet, this positions us to capitalize on inorganic opportunities that we continue to explore, to sustain our technology leadership through strategic investments that will define the next era of digital manufacturing. The stage is set for sustained growth, as customers achieve measurable operational improvements and increase their utilization in true production-scale manufacturing for mission-critical applications.”
Summary - Fourth Quarter 2025 Financial Results Compared to Fourth Quarter 2024:
Summary - 2025 Financial Results Compared to 2024:
Financial Outlook:
Based on current market conditions and assuming that the impacts of global inflationary pressures, relatively high interest rates, increased tariffs and other supply chain costs do not impede economic activity further, the Company is providing the following outlook for 2026, which includes an assumption of $17 million of combined adverse impact from exchange rates and tariffs relative to 2025:
Appropriate reconciliations between historical GAAP and non-GAAP financial measures, as well as between the GAAP and non-GAAP financial measures included in our financial outlook for 2026, are provided in the tables at the end of our press release and slide presentation, with itemized detail concerning the non-GAAP financial measures. [We have not included, however, guidance for GAAP gross margin or a reconciliation of our guidance for non-GAAP gross margins to the most directly comparable GAAP financial measure (i.e., GAAP gross margin), as we are unable to do so without unreasonable effort or with reasonable certainty from a quantitative perspective.]
Stratasys Ltd. Fourth Quarter 2025 Webcast and Conference Call Details
The Company plans to webcast its conference call to discuss its fourth quarter and full-year 2025 financial results on Thursday, March 5, 2026, at 8:30 a.m. (ET).
The investor conference call will be available via live webcast on the Stratasys Web site at investors.stratasys.com, or directly at the following web address:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=E1fXyUKp
To participate by telephone, the U.S. toll-free number is 877-407-0619 and the international dial-in is +1-412-902-1012. Investors are advised to dial into the call at least ten minutes prior to the call to register. The webcast will be available for six months at investors.stratasys.com, or by accessing the above-provided web address.
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.
To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, X/Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including the Company’s websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.
Stratasys is a registered trademark and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All other trademarks are the property of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
The statements in this press release regarding Stratasys' strategy, and the statements regarding its projected future financial performance, including the financial guidance concerning its expected results for 2026 and beyond, are forward-looking statements reflecting management's current expectations and beliefs. These forward-looking statements are based on current information that is, by its nature, subject to rapid and even abrupt change. Due to risks and uncertainties associated with Stratasys' business, actual results could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the extent of our success at introducing new or improved products and solutions that gain market share; the extent of growth of the 3D printing market generally; the global macro-economic environment, including the impact of increased import tariffs that have been imposed by the U.S. and other countries; global trends involving inflation, interest rates, economic activity and currency exchange rates, and their impact on the additive manufacturing industry, our company and our customers, in particular; changes in our overall strategy, including as related to any restructuring activities and our capital expenditures; the impact of potential shifts in the prices or margins of the products that we sell or services that we provide, including due to a shift towards lower margin products or services; the impact of competition and new technologies; potential further charges against earnings that we could be required to take due to impairment of additional goodwill or other intangible assets; the extent of our success at successfully consummating and integrating into our existing business acquisitions or investments in new businesses, technologies, products or services; the potential adverse impact of global interruptions and delays involving freight carriers and other third parties on our supply chain and distribution network; global market, political and economic conditions, and in the countries in which we operate in particular; potential adverse effects of Israel’s recent preemptive or retaliatory wars against Iran and its sponsored terrorist organizations Hamas (in Gaza), Hezbollah (in Lebanon), and, intermittently, the Houthis (in Yemen); costs and potential liability relating to litigation and regulatory proceedings; risks related to infringement of our intellectual property rights by others or infringement of others' intellectual property rights by us; the extent of our success at maintaining our liquidity and financing our operations and capital needs; the impact of tax regulations on our results of operations and financial condition; and those additional factors referred to in Item 3.D “Key Information - Risk Factors”, Item 4, “Information on the Company”, Item 5, “Operating and Financial Review and Prospects,” and all other parts of our Annual Report on Form 20-F for the year ended December 31, 2025, to be filed with the U.S. Securities and Exchange Commission, or SEC, on or about the date hereof (the “2025 Annual Report”). Readers are urged to carefully review and consider the various disclosures made throughout our 2025 Annual Report and the Reports of Foreign Private Issuer on Form 6-K that attach Stratasys’ unaudited, condensed consolidated financial statements and its review of its results of operations and financial condition, for the quarterly periods throughout 2026, which have been or will be furnished to the SEC throughout 2026, and our other reports filed with or furnished to the SEC, which are designed to advise interested parties of the risks and factors that may affect our business, financial condition, results of operations and prospects. Any guidance provided, and other forward-looking statements made, in this press release are provided or made (as applicable) as of the date hereof, and Stratasys undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Use of Non-GAAP Financial Measures
The non-GAAP data included herein, but not limited, which excludes certain items as described below, are non-GAAP financial measures. Our management believes that these non-GAAP financial measures are useful information for investors and shareholders of our company in gauging our results of operations. Our management utilizes these non-GAAP measures to enable us to assess our financial results (i) on an ongoing basis after excluding mergers, acquisitions and divestments related expense or gains and reorganization-related charges or gains, and legal provisions, (ii) excluding non-cash items such as share-based compensation expenses, acquired intangible assets amortization, including intangible assets amortization related to equity method investments, impairment of long-lived assets and goodwill, revaluation of our investments and the corresponding tax effect of those items, (iii) for certain non-GAAP measures, after eliminating the impact of changes attributable to currency exchange rate fluctuations, and (iv) after excluding changes in revenues solely attributable to divestitures of former subsidiary companies. The items eliminated as part of our calculation of our non-GAAP financial measures either do not reflect actual cash outlays that impact our liquidity and our financial condition or have a non-recurring impact on the statement of operations, as assessed by management. Our non-GAAP financial measures are presented to permit investors to more fully understand how management assesses our performance for internal planning and forecasting purposes. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of our results of operations without including all items indicated above during a period, which may not provide a comparable view of our performance to other companies in our industry. Investors and other readers should consider non-GAAP measures only as supplements to, not as substitutes for or as superior measures to, the measures of financial performance prepared in accordance with GAAP. Reconciliation between the GAAP and non-GAAP bases upon which we present our results and financial outlook is provided in the tables below.
$
94,527
$
70,200
150,000
80,500
160,478
152,979
145,238
179,809
5,500
7,630
26,241
21,843
581,984
512,961
192,566
184,379
101,599
99,082
95,842
106,253
25,417
32,169
63,104
80,205
13,252
14,697
491,780
516,785
$
1,073,764
$
1,029,746
$
43,021
$
44,977
34,284
39,749
31,304
29,206
47,835
46,347
6,597
6,935
163,041
167,214
19,062
19,057
312
507
19,903
25,155
5,353
4,933
23,193
19,889
67,823
69,541
$
230,864
$
236,755
$
242
$
202
(1,995
)
(1,995
)
3,275,344
3,123,024
(6,197
)
(8,031
)
(2,424,494
)
(2,320,209
)
842,900
792,991
$
1,073,764
$
1,029,746
2025
2024
2025
2024
$
97,622
$
105,035
$
380,269
$
391,917
42,378
45,324
170,833
180,541
140,000
150,359
551,102
572,458
60,782
53,587
206,475
197,807
27,757
27,083
117,341
117,835
88,539
80,670
323,816
315,642
51,461
69,689
227,286
256,816
18,030
24,785
77,304
99,142
54,192
54,604
222,471
243,335
72,222
79,389
299,775
342,477
(20,761
)
(9,700
)
(72,489
)
(85,661
)
2,971
176
10,386
1,676
(17,790
)
(9,524
)
(62,103
)
(83,985
)
1,062
653
3,082
2,973
-
31,766
39,100
33,325
$
(18,852
)
$
(41,943
)
$
(104,285
)
$
(120,283
)
$
(0.22
)
$
(0.59
)
$
(1.28
)
$
(1.70
)
85,671
71,406
81,602
70,858
2025
Non-GAAP
2025
2024
Non-GAAP
2024
$
51,461
$
13,393
$
64,854
$
69,689
$
4,866
$
74,555
(20,761
)
24,853
4,092
(9,700
)
19,144
9,444
(18,852
)
25,034
6,182
(41,943
)
50,462
8,519
$
(0.22
)
$
0.29
$
0.07
$
(0.59
)
$
0.71
$
0.12
(1)
Acquired intangible assets amortization expenses
4,749
4,496
772
198
7,872
172
13,393
4,866
(2)
Acquired intangible assets amortization expenses
1,198
1,153
5,516
2,856
1,263
5,275
-
4,697
436
(9,148
)
-
4,760
3,047
4,685
11,460
14,278
24,853
19,144
(3)
Corresponding tax effect
558
535
-
30,910
(377
)
(127
)
$
25,034
$
50,462
(4)
Weighted average number of ordinary shares outstanding - Diluted
85,671
86,311
71,406
71,740
2025
Non-GAAP
2025
2024
Non-GAAP
2024
$
227,286
$
31,097
$
258,383
$
256,816
$
24,948
$
281,764
(72,489
)
80,820
8,331
(85,661
)
90,594
4,933
(104,285
)
117,000
12,715
(120,283
)
124,520
4,237
$
(1.28
)
$
1.43
$
0.15
$
(1.70
)
$
1.76
$
0.06
(1)
18,280
18,576
3,045
3,072
9,772
3,300
31,097
24,948
(2)
4,121
5,847
21,229
22,546
5,494
17,419
2,208
6,597
1,724
(7,595
)
-
4,760
14,947
16,072
49,723
65,646
80,820
90,594
(3)
1,015
1,267
36,245
31,262
(1,080
)
1,397
$
117,000
$
124,520
(4)
81,602
82,301
70,858
71,177
2025
2024
2025
2024
$
(18,852
)
(41,943
)
$
(104,285
)
$
(120,283
)
(2,971
)
(176
)
(10,386
)
(1,676
)
1,062
653
3,082
2,973
-
31,766
39,100
33,325
5,190
5,033
20,738
21,030
5,954
5,649
22,435
24,423
6,288
3,054
24,274
25,618
-
4,697
2,208
6,597
-
4,760
-
4,760
436
(9,148
)
1,724
(7,595
)
3,915
4,685
15,935
16,072
8,155
5,447
13,695
20,719
$
9,177
$
14,477
$
28,520
$
25,963