---
title: "Stratasys reports $137 million in Q3 2025 revenue (-2%)"
url: https://www.voxelmatters.com/stratasys-reports-137-million-in-q3-2025-revenue-2/
date: 2025-11-30
modified: 2025-11-30
lang: en
author: "Davide Sher"
description: "Stratasys reported third-quarter 2025 revenue of $137 million, a 2% decline from $140 million in the same period last year, as softer product sales offset stronger recurring revenues. The polymer..."
categories:
  - "3D Printer Hardware"
  - "Acquisitions, Mergers & Partnerships"
  - "AM Industry"
  - "Financial Reports"
  - "Money & Funding"
tags:
  - "insights"
image: https://www.voxelmatters.com/wp-content/uploads/2025/11/stratasys-hq-640x314.jpg
word_count: 559
---

# Stratasys reports $137 million in Q3 2025 revenue (-2%)

[Stratasys](https://www.voxelmatters.directory/company/stratasys/) reported third-quarter 2025 revenue of $137 million, a 2% decline from $140 million in the same period last year, as softer product sales offset stronger recurring revenues. The polymer 3D printing company reported a GAAP net loss of $55.6 million, or $0.65 per diluted share, including a $33.9 million non-cash impairment related to its investment in Ultimaker. Excluding that and other one-time charges, Stratasys recorded non-GAAP net income of $1.5 million, or $0.02 per share.

![Stratasys Q3 2025 shows $137 million in revenue, with insights on profit margins and operational cash flow improvements.](https://www.voxelmatters.com/wp-content/uploads/2025/03/Ultimaker-S8LaunchDigitalFactory.jpg)

Operating cash flow improved to $6.9 million, compared to $4.5 million used in the prior-year quarter, while adjusted EBITDA was $5 million, roughly flat year over year. The company ended the quarter with $255 million in cash, equivalents, and short-term deposits and reported no debt.

Gross margin fell to 41% on a GAAP basis from 44.8% a year earlier, reflecting a less favorable product mix and lower hardware volumes. Non-GAAP gross margin was 45.3%, down from 49.6%. The company’s GAAP operating loss narrowed slightly to $22.7 million, while non-GAAP operating income was near break-even at $0.1 million.

Stratasys reaffirmed its full-year 2025 non-GAAP guidance, projecting revenue between $550 million and $560 million and adjusted EBITDA of $30 million to $32 million. The company expects a GAAP net loss of $99 million to $110 million, or $1.21 to $1.34 per share, due primarily to the impairment charge.

Chief Executive Officer Dr. Yoav Zeif said the quarter reflected “the resilience of our business model” amid a cautious macroeconomic environment. He highlighted continued investment in growth verticals, including aerospace, defense, automotive tooling, dental applications, and medical modeling.

“Our industry-leading balance sheet enables us to build the foundational infrastructure that will drive our expansion in high-value manufacturing applications,” Zeif said. He added that customer engagement “remains robust” and that Stratasys is “well-positioned to capture growth as adoption of additive manufacturing accelerates.”

Stratasys continues to face pricing pressure and uneven industrial demand across the additive manufacturing sector, while integration efforts following its Ultimaker investment have weighed on short-term results. Ever since the Makerbot acquisition, Stratasys' investments in desktop 3D printing have been costly, yielding inadequate results and resulting in heavy losses.

In 2022, [Stratasys’ subsidiary MakerBot entered into a business combination agreement with Ultimaker to form a market-leading, comprehensive desktop 3D printing entity](https://www.voxelmatters.com/breaking-makerbot-and-ultimaker-to-merge-developing-story/). Both Makerbot and Ultimaker emerged among the first affordable desktop extrusion 3D printing hardware manufacturers in the early 2010s. MakerBot was acquired for about $400 million by Stratasys during the 3D printing stock bubble of 2013-14. The amount was later deemed exaggerated by stockholders, as MakerBot began experiencing difficulties and the consumer market target did not prove to be a viable initial audience. Over the years, the company had partly rebuilt its appeal and built a significant installed base and the merger with Ultimakes was expected to leverage synergies and strengthen both companies.

The new combined company was intended to offer a comprehensive solution set of hardware, software and materials, creating a leading force in desktop 3D printing. However, things did not turn out as expected, mostly due to competition from more dynamic companies such as Bambu Lab and Prusa Research. Makerbot's difficulties ultimately contaminated Ultimaker's business rather than the other way around.

However, Stratasys management said it expects secular drivers—such as supply chain localization, sustainability initiatives, and product personalization—to support long-term adoption of its polymer 3D printing technologies, including the UltiMaker range of products.