NASDAQ$SSYS

Stratasys Ltd · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Stratasys Q1 2025: $136M revenue (-5.6%), GAAP net loss narrows to $13.1M

Stratasys reported first quarter 2025 revenue of $136.0 million, down 5.6% year over year, as macroeconomic pressure lengthened capital-equipment sales cycles and weighed on systems and consumables demand. GAAP gross margin held at 44.3% while operating loss improved to $12.4 million from $24.5 million, reflecting a 17.8% reduction in operating expenses tied to the company's restructuring plan. GAAP net loss was $13.1 million, or $0.18 per diluted share, compared with a $26.0 million loss a year ago. Non-GAAP net income was $2.9 million, or $0.04 per share. The company ended the quarter with $150.1 million in cash and no debt, and subsequently closed a $120 million PIPE investment from Fortissimo Capital in April.

  • Revenue $136.0M (-5.6% YoY); products $93.8M and services $42.3M both declined on longer sales cycles.
  • GAAP operating loss narrowed to $12.4M from $24.5M as restructuring cut operating expenses 17.8%.
  • GAAP net loss $13.1M ($0.18/share); non-GAAP net income $2.9M ($0.04/share).
  • Cash and short-term deposits $150.1M with no debt; $120M Fortissimo PIPE closed after quarter end.
  • Americas revenue $81.4M (-6.2%) remained the largest region at 59.9% of total sales.

Headline financials

Total Revenue

$136M

Previous: $144M-5.6%
EPS (adj)

$0.04

Previous: -$0.02+300.0%
Adjusted EBITDA

$8.2M

No prior period
GAAP gross margin

44.3%

No prior period
Net Income

-$13.1M

Previous: -$26M+49.8%
Operating Income

-$12.4M

Previous: -$24.4M+49.1%
Gross Profit

$60.2M

Previous: $64M-5.9%
Cash & Equivalents

$150M

No prior period

Revenue & EPS history

Stratasys · Revenue · Quarterly

$136M

Q1 2025-5.6%vs Q1 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Stratasys · $136M total across 2 segments · Q1 2025

  • Products (systems and consumables)
    $93.8M
  • Services
    $42.3M

Forward guidance

Stratasys raised its 2025 outlook following the Fortissimo PIPE, now expecting GAAP net loss of $49M–$64M and non-GAAP diluted EPS of $0.30–$0.37.

Tailwinds

  • Restructuring savings now flowing through with first full quarter of ~15% headcount reduction
  • Fortissimo investment adds $120M cash for potential inorganic opportunities

Headwinds

  • Revenue still pressured by elongated customer capex cycles and macro uncertainty including tariffs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.2%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-1.4%

Avg return

30 days after

45%

28 / 62 earnings

Positive

+32.3%

Q4 2015

Best reaction

-17.0%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-7.1%-15.4%-18.7%
Q3 2025-2.2%-10.9%-1.7%
Q2 2025-12.2%-18.0%-13.7%
Q1 2025+14.5%+13.3%+7.5%
Q4 2024-2.5%-10.4%-15.0%
Q2 2024-10.5%-9.2%+6.0%
Q1 2024-1.3%-5.1%-8.2%
Q4 2023+7.2%+7.8%-6.8%
Q3 2023+0.6%+0.5%+17.3%
Q2 2023-9.8%-10.2%-19.0%
Q1 2023+11.0%+6.8%+20.6%
Q4 2022+8.1%+7.7%+25.3%
Q3 2022+6.9%+9.2%-3.7%
Q2 2022-8.7%-7.4%-20.0%
Q1 2022+8.2%+4.7%+2.5%
Q4 2021-1.5%+1.7%-0.2%
Q3 2021+8.0%+12.7%-24.5%
Q2 2021+8.2%+18.4%+16.6%
Q1 2021-6.3%-10.7%+9.8%
Q4 2020-6.4%-31.3%-24.9%
Q3 2020-6.6%-6.9%+22.7%
Q2 2020-1.5%-2.9%-11.3%
Q1 2020-1.0%+4.3%+2.1%
Q4 2019-17.0%-12.0%-14.5%
Q3 2019-7.4%-8.5%-1.5%
Q2 2019-9.4%-14.2%-16.1%
Q1 2019+11.9%+8.4%-4.5%
Q4 2018-12.8%-10.7%-5.4%
Q3 2018+26.5%+24.7%+12.2%
Q2 2018+14.6%+15.8%+28.5%
Q1 2018-12.6%-6.2%-5.3%
Q4 2017-14.2%-0.0%-7.5%
Q3 2017+1.2%+4.3%+7.8%
Q2 2017-0.6%+2.2%+1.4%
Q1 2017-7.1%-6.5%-11.8%
Q4 2016-6.7%-3.5%+2.0%
Q3 2016-12.3%-9.1%-7.2%
Q2 2016-1.2%+1.7%+7.5%
Q1 2016+3.0%
Q4 2015+32.3%
Q3 2015+0.4%
Q2 2015-15.8%
Q1 2015-1.3%
Q4 2014-0.5%
Q3 2014-12.3%
Q1 2014-5.2%
Q4 2013-3.2%
Q3 2013+4.1%
Q2 2013+10.3%
Q1 2013+8.3%
Q1 2012+8.3%
Q4 2011+4.4%
Q4 2010+4.4%
Q4 2012+6.1%
Q3 2012-8.0%
Q2 2012+0.7%
Q3 2011-11.7%
Q2 2011+5.6%
Q1 2011+7.7%
Q3 2010+4.0%
Q2 2010+1.4%
Q1 2010-3.6%

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