NASDAQ$SSYS

Stratasys Ltd · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Stratasys reported its second quarter 2025 financial results, showing slight revenue growth and improved profitability compared to the prior year period.

Stratasys delivered resilient second-quarter results with revenue slightly up year-over-year, driven by recurring revenue streams. The company achieved non-GAAP net income and significantly improved adjusted EBITDA, despite ongoing macroeconomic uncertainties and restrained customer capital spending. They also updated their full-year 2025 outlook.

  • Revenue for Q2 2025 was $138.1 million, a slight increase from $138.0 million in Q2 2024.
  • GAAP net loss improved to $16.7 million ($0.20 per diluted share) from $25.7 million ($0.36 per diluted share) in the prior year.
  • Non-GAAP net income was $2.2 million ($0.03 per diluted share), a significant improvement from a non-GAAP net loss of $3.0 million ($0.04 per diluted share) in Q2 2024.
  • Adjusted EBITDA increased substantially to $6.1 million, up from $2.3 million in the same period last year.

Headline financials

Total Revenue

$138M

Previous: $138M+0.0%
EPS (adj)

$0.03

Previous: -$0.04+175.0%
Net Income

-$16.7M

Previous: -$25.7M+35.0%
Operating Income

-$16.6M

Previous: -$24.4M+31.8%
Gross Profit

$59.5M

Previous: $62.2M-4.3%

Revenue & EPS history

Stratasys · Revenue · Quarterly

$138M

Q2 2025+0%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Stratasys · $137M total across 2 segments · Q3 2025

  • Products (systems and consumables)
    $94.1M
  • Services
    $42.9M

Forward guidance

Stratasys updated its full-year 2025 outlook, anticipating revenue between $550 million and $560 million, with positive operating cash flow. They expect non-GAAP gross margins of 46.7% to 47.0% and adjusted EBITDA ranging from $30 million to $32 million.

Tailwinds

  • Full year revenue expected to be between $550 million and $560 million.
  • Anticipates positive operating cash flow for the full year.
  • Non-GAAP gross margins projected to be 46.7% to 47.0% for the full year.
  • Adjusted EBITDA expected to range from $30 million to $32 million for the full year.
  • Non-GAAP net income projected between $11 million and $13 million.

Headwinds

  • Third quarter revenue expected to be slightly lower to slightly higher than the second quarter.
  • GAAP net loss projected to range from $77 million to $66 million for the full year.
  • GAAP EPS expected to be between ($0.94) and ($0.80) for the full year.
  • Macroeconomic improvement driving increased capital spending is taking longer than previously anticipated.
  • Potential impacts from tariff policy, global inflationary pressures, high interest rates, and supply chain costs could impede economic activity.

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 Q2 2025

Historical avgQ2 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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