NNDM · Nano Dimension Ltd.

Nano Dimension delivered strong fourth quarter 2025 results with revenue growth of 142.4% year-over-year to $35.3 million, exceeding management's guidance. The company's full-year 2025 revenue reached $102.4 million, representing 77.3% growth over the prior year, primarily driven by the acquisitions of Markforged (acquired April 25, 2025) and Desktop Metal (acquired April 2, 2025). While the company reported a GAAP net loss from continuing operations of $33.9 million for Q4 2025, up from $9.3 million in the same quarter last year, the Adjusted EBITDA loss improved significantly to $9.8 million from $18.9 million year-over-year, reflecting progress on cost reduction initiatives. Management highlighted meaningful progress in driving cost savings through streamlined operations and focus on priority industry segments, with non-GAAP operating expenses declining sequentially in Q4 to $27.3 million, representing a reduction of more than 16% relative to the previously identified baseline. The company ended 2025 with $459.6 million in total cash, cash equivalents, deposits and marketable equity securities, down $55.9 million from September 30, 2025, including $19.8 million used for share repurchases during the quarter. Looking ahead, Nano Dimension issued its first annual financial guidance for 2026, anticipating revenue in the range of $130-140 million, non-GAAP gross margin of 46-48%, non-GAAP operating expenses of $106-111 million, and Adjusted EBITDA loss of $40-50 million. The company continues to advance its strategic alternatives review with Guggenheim Securities and Houlihan Lokey and expects to announce a series of actions in Q2 2026 to define a clear path forward for maximizing shareholder value.