3D Systems Q2 rev. $95 mln, up double-digits YoY.

• 3D Systems reports Q2 2025 revenue of $95mln • Medical Technology and Aerospace & Defense markets show double-digit growth • Regenerative Medicine partnership with United Therapeutics reaches printing milestone, earning $2mln award • Cost reduction programs yield $20mln in savings • Company on track to return to positive cash flow in 2026 • Successful balance sheet restructuring supports restructuring program execution

3D Systems Corporation (NYSE: DDD) announced its second-quarter (Q2) 2025 financial results on August 11, 2025. The company reported revenue of $95 million, driven by double-digit growth in the Medical Technology and Aerospace & Defense markets. Key highlights include a significant milestone in the company's Regenerative Medicine partnership with United Therapeutics, which earned a $2 million award, and substantial cost reduction programs that yielded $20 million in savings.

The company's cost reduction initiatives, announced in March, have resulted in improved gross margins and operating expenses. These savings are expected to continue through mid-2026, with real-estate lease curtailments playing a significant role. The company also benefited from its efforts to fully in-source manufacturing and supply chain operations, which have helped offset the impact of tariffs on operating costs. Despite tariffs increasing costs by approximately $1 million, the company's operational efficiencies in manufacturing supported its gross margin performance.

Revenue for the second quarter decreased 16% year-over-year to $94.8 million, primarily due to softness in customers' capital expenditure spending for new production capacity. However, on a sequential basis, revenues grew slightly, driven by strength in the Medical Technology and high-reliability industrial markets. The Medical Technology business grew 13% year-over-year and 16% sequentially, with the Personal Health Services segment leading the way. The Aerospace & Defense segment saw revenues grow 84% year-over-year and 53% sequentially, now exceeding $30 million annually.

3D Systems also reported a significant balance sheet restructuring, which included the permanent retirement of $88 million in outstanding debt at a discount to par, extending maturities for the majority of its remaining debt to 2030, and repurchasing 8 million shares of its common stock. These actions are expected to support the company's return to positive cash flow in 2026.

The company's gross profit margin for the second quarter was 38.1%, compared to 41.6% in the same period last year. Net income attributable to 3D Systems Corporation increased by $131.7 million to $104.4 million, primarily driven by a reduction in operating expenses. Adjusted EBITDA improved by $7.6 million to a loss of $5.3 million.

Financial liquidity at June 30, 2025, showed cash and cash equivalents totaling $116.4 million, down $55.0 million from December 31, 2024, primarily due to cash used in operations and financing activities. The company's balance sheet restructuring has positioned it for future growth and increased shareholder value.

The company will host a conference call and webcast to discuss these results on August 12, 2025. For further information, see Part II, Item 5(a) of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

References:
[1] https://www.morningstar.com/news/globe-newswire/9510369/3d-systems-reports-second-quarter-2025-financial-results