3D Systems Reports $386.9 Million Revenue for Fiscal Year 2025, Down 12.1%

3D Systems Corporation reported a revenue of $386.9 million for the fiscal year ended December 31, 2025, a decrease of 12.1% from $440.1 million in 2024. The decline was primarily attributed to a $55.8 million drop in product revenue, largely due to reduced material sales in the dental, service bureaus, and jewelry markets, as well as the impact of divestitures. In contrast, service revenue increased by $2.6 million, driven by higher personalized healthcare solutions revenue. The company also recorded a loss from operations of $96.1 million, a significant improvement from a loss of $277.4 million in the previous year, largely due to reduced costs associated with restructuring efforts.

In terms of operational changes, 3D Systems undertook a restructuring plan in 2025 aimed at streamlining operations and reducing costs. This included a reduction in workforce, which resulted in $8.5 million in severance and termination benefits. The company also completed the sale of its Geomagic software business for $119.4 million in cash, realizing a pre-tax gain of $125.7 million. Additionally, the company sold its 3DXpert and Oqton businesses for $3.3 million, further impacting its revenue and operational focus.

The company’s employee headcount decreased to 1,418 as of December 31, 2025, down from 1,833 the previous year, reflecting the impact of the restructuring plan. 3D Systems operates globally, with significant revenue contributions from its Healthcare Solutions and Industrial Solutions segments. The company reported that two customers within its Healthcare segment accounted for 12.2% and 11.4% of its revenue, highlighting a degree of customer concentration risk.

Looking ahead, 3D Systems expressed cautious optimism regarding its financial outlook, emphasizing the importance of cash flow generation and the management of working capital. The company reported cash and cash equivalents of $95.6 million at year-end, a decrease from $171.3 million in 2024, primarily due to debt repayments and operational cash usage. The company is focused on maintaining compliance with financial covenants related to its convertible senior secured notes, which require a minimum cash balance of $20 million. The management is actively working on remediation plans to address identified weaknesses in internal controls over financial reporting, which could impact future operational efficiency and financial performance.