Q1 2026 revenue of $95.5 million increased 1% year-over-year, or 11% excluding the impact of divestitures, driven by strong performance in the Healthcare business and double‑digit growth across key markets, including Dental, Med Tech, and Aerospace & Defense.
GAAP EPS loss narrowed to $(0.03), or $(0.01) on a non-GAAP basis, while Adjusted EBITDA improved to $2.1 million, reflecting the benefits of higher sales volumes and continued execution of cost reduction initiatives.
Robust growth in Dental and Med Tech, each exceeding approximately 20% year-over-year, drove Healthcare to a scale that now rivals the Company's Industrial segment.
Early success of recently launched products in Dental and Aerospace & Defense markets, including advanced printing systems for monolithic dentures and high‑performance metal components, is expected to support sustained long‑term revenue growth.
Amid ongoing global risks, the Company remains focused on building top-line momentum in key markets over the coming quarters, while maintaining disciplined cost management to achieve our goal of full-year break-even Adjusted EBITDA.
Summary of Financial Results(Unaudited)
Three Months Ended
(in millions, except per share data)
March 31, 2026
March 31, 2025
Revenue
$
95.5
$
94.5
Gross profit
34.3
32.7
Gross profit margin
35.9
%
34.6
%
Operating expense
41.0
69.5
Operating loss
(6.6
)
(36.8
)
Net loss attributable to 3D Systems Corporation
(4.4
)
(37.0
)
Diluted loss per share
(0.03
)
(0.28
)
Non-GAAP measures for year-over-year comparisons
Non-GAAP gross profit margin
36.1
%
35.0
%
Non-GAAP operating expense
36.6
61.6
Adjusted EBITDA
2.1
(23.9
)
Non-GAAP diluted loss per share
$
(0.01
)
$
(0.21
)
Summary Comments on Results
Dr. Jeffrey Graves, President and Chief Executive Officer of 3D Systems, said, "We are pleased with our first‑quarter performance on both the top and bottom line, which exceeded our initial expectations. Revenue growth was driven by strength in our key markets, including Dental, Med Tech, and Aerospace & Defense. These customers continue to rapidly adopt 3D printing as a core manufacturing technology and expand the range of applications they deploy. In the first quarter, this momentum drove growth rates of more than 20% in our Dental (excluding aligners), Med Tech, and Aerospace & Defense markets. This performance highlights the market‑leading breadth of our additive manufacturing portfolio, spanning direct metal printing and all five major polymer technologies, combined with our deep expertise in advanced applications."
Dr. Graves concluded, "As the additive manufacturing industry begins to emerge from a multi‑year downturn, our sustained investments in research and development are enabling us to introduce a broad pipeline of new products that are gaining increasing customer traction. While the global economic environment remains uncertain, we are optimistic that, as capital investment activity strengthens, we are well positioned to benefit from the resulting expansion in global manufacturing capacity."
"Adjusting for divestitures completed in 2025, total revenue increased 11% year over year, demonstrating a return of core revenue growth as we move into 2026" said Phyllis Nordstrom, Chief Financial Officer of 3D Systems. "Strong sales across key product areas, along with a focus on margin expansion, profitability, and efficient cost management, positively contributed to our performance in the quarter. We remain committed to managing costs while making targeted investments in our priority markets to drive profitable growth."
First Quarter 2026 Results
Total revenue increased 1% to $95.5 million compared to the prior year period. Adjusting for software divestitures completed in 2025, including Geomagic, 3DXpert and Oqton, total revenue increased by 11%.
Healthcare Solutions revenue increased approximately 21% to $50.1 million compared to the prior year period.
Industrial Solutions revenue decreased approximately 15% to $45.4 million compared to the prior year period. Adjusting for divestitures, Industrial Solutions revenue increased 2% year over year.
Gross profit margin increased to 35.9% compared to 34.6% in the prior year period. Non-GAAP gross profit margin increased to 36.1% compared to 35.0% in the prior year period. Adjusting for software divestitures, non-GAAP gross profit margin increased by 600 basis points.
Net loss attributable to 3D Systems Corporation decreased by $32.6 million to $4.4 million compared to the prior year period. The improvement was primarily driven by lower operating expenses, higher sales volume, and favorable revenue mix.
Adjusted EBITDA turned positive, improving by $25.9 million to $2.1 million compared to the prior year period, driven by strong sales, favorable revenue mix, and the impact of prior cost reduction actions. Adjusting for software divestitures, Adjusted EBITDA improved $28.2 million.
Financial Liquidity
At March 31, 2026, the Company had total cash of $86.5 million, which included cash and cash equivalents of $85.1 million and restricted cash of $1.4 million. A total of $3.9 million in principal amount of debt is scheduled to mature in the fourth quarter of 2026, with the remaining $92.0 million principal maturing in 2030.
Second Quarter 2026 Outlook
Revenue: $93 - $95 million
Adjusted EBITDA: ($4) million - ($2) million
3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The Company is unable to provide a quantitative reconciliation of forward-looking Adjusted EBITDA to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including litigation expenses, acquisition expenses, stock-based compensation expense, intangible amortization expense, restructuring expenses, and goodwill impairment, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the Company's control, and as such, any associated estimate and its impact on GAAP performance could vary materially.
First Quarter 2026 Conference Call and Webcast
The Company will host a conference call and simultaneous webcast to discuss these results on May 12, 2026, which may be accessed as follows:
Date: Tuesday, May 12, 2026Time: 8:30 a.m. Eastern TimeListen via webcast: www.3dsystems.com/investorParticipate via telephone: 877-407-8291 or 201-689-8345
A replay of the webcast will be available approximately two hours after the live presentation at www.3dsystems.com/investor.
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the timing of product launches, regulatory approvals, market opportunities, expected revenue impact, and shareholder value. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management's beliefs, assumptions, and current expectations and may include comments as to the Company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the Company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the Company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.
About 3D Systems
Nearly 40 years ago, Chuck Hull's curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the Company is available at www.3dsystems.com.
Investor Contact: [email protected]
Media Contact: p[email protected]
3D SYSTEMS CORPORATIONCondensed Consolidated Balance Sheets(Unaudited)
(in thousands, except par value)
March 31, 2026
December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents
$
85,083
$
95,635
Accounts receivable, net of reserves, $4,001 and $3,608
86,237
83,806
Inventories
127,265
127,496
Prepaid expenses and other current assets
42,075
39,770
Total current assets
340,660
346,707
Property and equipment, net
49,023
49,249
Intangible assets, net
16,157
16,614
Goodwill
15,454
15,575
Operating lease right-of-use assets
42,387
45,364
Finance lease right-of-use assets
7,537
7,774
Long-term deferred income tax assets
2,511
2,787
Other assets
39,387
37,658
Total assets
$
513,116
$
521,728
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY
Current liabilities:
Current portion of long-term debt, net of deferred financing costs
$
3,944
$
3,944
Current operating lease liabilities
10,939
11,583
Accounts payable
39,397
41,017
Accrued and other liabilities
49,113
46,656
Customer deposits and deferred revenue
20,020
17,423
Total current liabilities
123,413
120,623
Long-term debt, net of deferred financing costs
86,786
86,394
Long-term operating lease liabilities
42,481
45,420
Long-term deferred income tax liabilities
3,009
2,740
Other liabilities
23,083
24,000
Total liabilities
278,772
279,177
Commitments and contingencies
Redeemable non-controlling interest
—
2,193
Stockholders' equity:
Preferred stock, 5,000 shares authorized; $0.001 par value; no shares issued and outstanding as of March 31, 2026 and December 31, 2025
—
—
Common stock, $0.001 par value, authorized 220,000 shares; shares issued 146,057 and 145,581 as of March 31, 2026 and December 31, 2025, respectively
146
146
Additional paid-in capital
1,622,692
1,620,399
Accumulated deficit
(1,336,784
)
(1,332,360
)
Accumulated other comprehensive loss
(51,710
)
(47,827
)
Total stockholders' equity
234,344
240,358
Total liabilities, redeemable non-controlling interest and stockholders' equity
$
513,116
$
521,728
3D SYSTEMS CORPORATIONCondensed Consolidated Statements of Operations(Unaudited)
Three Months Ended
(in thousands, except per share amounts)
March 31, 2026
March 31, 2025
Revenue:
Products
$
