Nano Dimension Announces Financial Results for Q2 2025

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Nano Dimension Ltd., a leader in digital manufacturing solutions, announced financial results for the second quarter ended June 30, 2025.

The consolidated results incorporate the financial position and performance of Markforged Holding Corporation from the acquisition date of April 25, 2025, inclusive of revenue of $16.1 million, gross profit of $3.4 million and GAAP net loss of $10.3 million.

Desktop Metal, Inc. was acquired by the Company on April 2, 2025. The Company determined that the Desktop Metal asset group qualified as 'assets held for sale' on the acquisition date, and the assets and liabilities held for sale are recorded as such on the condensed consolidated balance sheet as of June 30, 2025. The condensed consolidated statement of operations includes impairment of the asset group of $139.4 million and loss from operations for the period of acquisition through June 30, 2025 of $30.4 million which are both included within 'net loss from discontinued operations'.

On July 28, 2025, following a process conducted by Desktop Metal’s independent Board of Directors to explore available strategic alternatives and address Desktop Metal’s significant liabilities and liquidity needs stemming from decisions made by its prior management, Desktop Metal and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). Desktop Metal’s Chapter 11 filing was authorized by its independent Board of Directors. As part of its and its subsidiaries’ Chapter 11 cases, which are pending and are being jointly administered by the Bankruptcy Court under Case No. 25-90268 (CML), Desktop Metal has obtained approval from the Bankruptcy Court to sell various of its assets pursuant to Section 363 of the Bankruptcy Code.

Second Quarter 2025 Results:

• Revenue: $25.8 million, a 72.4% increase from $15.0 million year-over-year
• Gross Margin (“GM”): 27.3%, down from 44.7% year-over-year
• Adjusted Gross Margin (“Adjusted GM”): 44.7%, down from 46.1% year-over-year
• Adjusted EBITDA loss: $16.7 million, from a loss of $14.6 million year-over-year
• Net Loss from Continuing Operations: $11.4 million, down from a loss of $44.6 million year-over-year

Total Cash, cash equivalents, deposits and investable securities: $551.0 million as of June 30, 2025, down from $840.4 million as of March 31, 2025 primarily due to the closing of the Markforged and Desktop Metal acquisitions closed during the quarter

Details regarding Adjusted EBITDA and Adjusted Gross Margin can be found below in this press release under “Non-GAAP Financial Measures.”

David Stehlin, Chief Executive Officer, commented, "As the new CEO of Nano Dimension, I am focused on building on our many strengths while also addressing challenges head on. Last week we initiated a strategic alternatives review, a deliberate and thoughtful process designed to unlock the full potential of Nano Dimension and maximize value for our shareholders. While this review is underway, we continue to advance our operations and pursue new opportunities. The addition of Markforged, in the second quarter, has expanded our reach into new markets and customers, bringing market-leading products and exceptional talent. While the Desktop Metal process has been challenging and cost-intensive, our balance sheet remains among the strongest in the industry. As we move through the second half of the year, we will stay focused on disciplined execution by advancing our technologies and enhancing our customer relationships that will continue to drive our next phase of growth."

Recent Developments

• Leadership Change: David S. Stehlin has been appointed Chief Executive Officer, effective September 8, 2025.
• Strategic Initiatives: A formal review has been initiated to explore strategic alternatives aimed at maximizing shareholder value.
• Financial & Accounting: We successfully transitioned our financial reporting from IFRS to US GAAP.
• Markforged Acquisition Update (Closed April 25, 2025): We have fully consolidated the results of the Markforged business as of April 25, 2025.
• Cash position as of August 31, 2025: Total Cash, cash equivalents, deposits and investable securities for Nano Dimension, including Markforged, totaled over $520 million. This excludes any amounts related to Desktop Metal and reflects continued strong liquidity.