Tearsheet

3D Systems (DDD)

Market Price (4/20/2026): $2.23 | Market Cap: $282.5 Mil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

3D Systems (DDD)

Market Price (4/20/2026): $2.23
Market Cap: $282.5 Mil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%

Megatrend and thematic drivers
Megatrends include Advanced Materials, Precision Medicine, and Automation & Robotics. Themes include Specialty Chemicals for Performance, Show more.

Weak multi-year price returns
2Y Excs Rtn is -79%, 3Y Excs Rtn is -151%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.61

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -95 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -25%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%, Rev Chg QQuarterly Revenue Change % is -4.3%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -25%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 31%

Key risks
DDD key risks include [1] its precarious financial health, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%
1	Megatrend and thematic drivers Megatrends include Advanced Materials, Precision Medicine, and Automation & Robotics. Themes include Specialty Chemicals for Performance, Show more.
2	Weak multi-year price returns 2Y Excs Rtn is -79%, 3Y Excs Rtn is -151%
3	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.61
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -95 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -25%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%, Rev Chg QQuarterly Revenue Change % is -4.3%
6	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -25%
7	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 31%
8	Key risks DDD key risks include [1] its precarious financial health, Show more.

Valuation, Metrics & Events

	4/20/26	2025	2024	2023	2022
Share Price CYE	$2.23	$1.77	$3.28	$6.35	$7.40
Market Cap CYE ($ Mil)	282.5	224.3	434.9	828.3	953.4
Total Debt ($ Mil)	158.5	158.5	286.1	399.3	500.3
Total Cash ($ Mil)	95.6	95.6	171.3	331.5	568.7
Enterprise Value ($ Mil)	345.4	382.8	721.0	1,227.6	1,453.7
Valuation Ratios
P/S TTM	0.7	0.6	1.0	1.7	1.8
P/EBIT TTM	5.2	4.1	-1.8	-2.3	-8.1
P/E TTM	9.5	7.5	-1.7	-2.3	-7.8
P/FCF TTM	-2.9	-2.3	-7.1	-7.7	-10.5
Sector Ratios
P/S TTM (Sector)	3.9	3.6	3.7	3.7	2.9
P/EBIT TTM (Sector)	8.3	8.2	7.2	3.8	0.7
P/E TTM (Sector)	4.5	4.7	1.0	-0.1	-0.0
P/FCF TTM (Sector)	13.4	14.5	17.2	15.8	12.7

	4/20/26	2025	2024
Share Price CYE	$2.23	$1.77	$3.28
Market Cap CYE ($ Mil)	282.5	224.3	434.9
Total Debt ($ Mil)	158.5	158.5	286.1
Total Cash ($ Mil)	95.6	95.6	171.3
Enterprise Value ($ Mil)	345.4	382.8	721.0
Valuation Ratios
P/S TTM	0.7	0.6	1.0
P/EBIT TTM	5.2	4.1	-1.8
P/E TTM	9.5	7.5	-1.7
P/FCF TTM	-2.9	-2.3	-7.1
Sector Ratios
P/S TTM (Sector)	3.9	3.6	3.7
P/EBIT TTM (Sector)	8.3	8.2	7.2
P/E TTM (Sector)	4.5	4.7	1.0
P/FCF TTM (Sector)	13.4	14.5	17.2

	DDD	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.4
Rev Chg Q	-4.3%	7.5%
Rev Chg LTM	-12.1%	6.8%
Rev Chg 3Y Avg	-10.4%	5.7%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.1
CFO LTM ($ Bil)	-0.1
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	-24.6%	18.6%
CFO/Rev LTM	-22.7%	20.6%
Net Inc Mgn	7.7%	12.8%
VALUATION	VERY LOW
P/S	0.7	3.3
P/CFO	-3.2	15.8
P/FCF	-2.9	20.6
P/E	9.5	24.5
STABILITY	GOOD
Debt/Equity	0.56	0.20
Cash/Assets	0.18	0.07

AI Analysis | Feedback

Metric	Value	Date	Source
Number of Patents Worldwide	1381	12312023	Link
Number of 3D Printing Materials Available	130+\	11052025	Link
Parts Printed Per Day with 3D Systems Technology	45,000+\	11052025	Link

Upcoming
5/11/2026	Earnings Release	Rev: $92 Mil (E) EPS: $-0.09 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

3D Systems (DDD) stock has gained about 25% since 12/31/2025 because of the following key factors:

1. Strong Fourth Quarter 2025 Financial Performance Exceeding Expectations and Significant Cost Savings.

3D Systems reported its fourth-quarter and full-year 2025 financial results on March 9, 2026, with Q4 revenue reaching $106.3 million, surpassing consensus estimates of approximately $98 million. This represented a 16% sequential revenue growth. The company also achieved approximately $55 million in annualized cost savings in 2025, exceeding its target of $50 million. The full-year 2025 saw a net income attributable to 3D Systems of $29.9 million, a substantial increase of $285.5 million over the prior year.

2. Robust Growth Projections and Strategic Investments in Aerospace & Defense.

On January 5, 2026, 3D Systems announced expectations for its Aerospace & Defense (A&D) business to become its largest and fastest-growing industrial segment in 2026, forecasting over 20% growth after more than 15% growth in 2025. The company is expanding its Littleton, Colorado facility by up to 80,000 square feet to support this growth. Furthermore, revenue from A&D production printing systems and custom metal parts is anticipated to exceed $35 million in 2026.

Show more

Holding a concentrated position? Know your true downside before the momentum shifts.

Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 26.6% change in DDD stock from 12/31/2025 to 4/19/2026 was primarily driven by a 92.8% change in the company's Net Income Margin (%).

(LTM values as of)	12312025	4192026	Change
Stock Price ($)	1.77	2.24	26.6%
Change Contribution By:
Total Revenues ($ Mil)	392	387	-1.2%
Net Income Margin (%)	4.0%	7.7%	92.8%
P/E Multiple	14.1	9.5	-32.8%
Shares Outstanding (Mil)	125	127	-1.1%
Cumulative Contribution			26.6%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/19/2026

	Return	Correlation
DDD	26.6%
Market (SPY)	-5.4%	47.1%
Sector (XLK)	7.2%	38.5%

Fundamental Drivers

The -22.8% change in DDD stock from 9/30/2025 to 4/19/2026 was primarily driven by a -21.0% change in the company's P/S Multiple.

(LTM values as of)	9302025	4192026	Change
Stock Price ($)	2.90	2.24	-22.8%
Change Contribution By:
Total Revenues ($ Mil)	413	387	-6.4%
P/S Multiple	0.9	0.7	-21.0%
Shares Outstanding (Mil)	132	127	4.4%
Cumulative Contribution			-22.8%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/19/2026

	Return	Correlation
DDD	-22.8%
Market (SPY)	-2.9%	48.8%
Sector (XLK)	9.7%	41.0%

Fundamental Drivers

The 5.7% change in DDD stock from 3/31/2025 to 4/19/2026 was primarily driven by a 14.9% change in the company's P/S Multiple.

(LTM values as of)	3312025	4192026	Change
Stock Price ($)	2.12	2.24	5.7%
Change Contribution By:
Total Revenues ($ Mil)	440	387	-12.1%
P/S Multiple	0.6	0.7	14.9%
Shares Outstanding (Mil)	133	127	4.6%
Cumulative Contribution			5.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/19/2026

	Return	Correlation
DDD	5.7%
Market (SPY)	16.3%	35.3%
Sector (XLK)	50.2%	34.8%

Fundamental Drivers

The -79.1% change in DDD stock from 3/31/2023 to 4/19/2026 was primarily driven by a -71.4% change in the company's P/S Multiple.

(LTM values as of)	3312023	4192026	Change
Stock Price ($)	10.72	2.24	-79.1%
Change Contribution By:
Total Revenues ($ Mil)	538	387	-28.1%
P/S Multiple	2.6	0.7	-71.4%
Shares Outstanding (Mil)	129	127	1.7%
Cumulative Contribution			-79.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/19/2026

	Return	Correlation
DDD	-79.1%
Market (SPY)	63.3%	36.5%
Sector (XLK)	108.4%	31.6%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
DDD Return	106%	-66%	-14%	-48%	-46%	21%	-80%
Peers Return	-19%	-45%	34%	-5%	9%	1%	-37%
S&P 500 Return	27%	-19%	24%	23%	16%	3%	87%
Monthly Win Rates [3]
DDD Win Rate	50%	25%	42%	50%	33%	50%
Peers Win Rate	42%	33%	61%	47%	56%	50%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
DDD Max Drawdown	-0%	-67%	-52%	-70%	-58%	0%
Peers Max Drawdown	-32%	-51%	-9%	-35%	-16%	-14%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SSYS, PRLB, ADSK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/17/2026 (YTD)

How Low Can It Go

Unique Key	Event	DDD	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-93.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	1454.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-62.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	166.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	104 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-71.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	255.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	512 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-98.5%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	6521.4%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	580 days	1,480 days

Compare to SSYS, PRLB, ADSK

In The Past

3D Systems's stock fell -93.6% during the 2022 Inflation Shock from a high on 2/9/2021. A -93.6% loss requires a 1454.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About 3D Systems (DDD)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts. It also develops, blends, and markets various print materials, such as plastic, nylon, metal, composite, elastomeric, wax, polymeric dental, and bio-compatible materials. In addition, the company provides digital design tools, including software, scanners, and haptic devices, as well as solutions for product design, simulation, mold and die design, 3D scan-to-print, reverse engineering, production machining, metrology, and inspection and manufacturing workflows under the Geomagic brand. Further, it offers 3D Sprint and 3DXpert, a proprietary software to prepare and optimize CAD data and manage the additive manufacturing processes, which provides automated support building and placement, build platform management, print simulation, and print queue management; and Bioprint Pro, a software solution that allows researchers to design and bioprint repeatable experiments. Additionally, the company provides maintenance and training services; manufacturing services; and software and precision healthcare services. It primarily serves companies and small and midsize businesses in medical, dental, automotive, aerospace, durable good, government, defense, technology, jewelry, electronic, education, consumer good, energy, biotechnology, and other industries through direct sales force, channel partners, and appointed distributors. 3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina.

AI Analysis | Feedback

Here are 1-2 brief analogies for 3D Systems:

The Xerox of 3D printing.
The Apple of industrial 3D manufacturing.

AI Analysis | Feedback

3D Printers: Devices using technologies like stereolithography, selective laser sintering, and direct metal printing to transform digital data into physical parts.
Print Materials: A range of plastic, nylon, metal, composite, elastomeric, wax, polymeric dental, and bio-compatible materials developed for 3D printing.
Digital Design Tools (Geomagic): Software, scanners, and haptic devices for product design, simulation, reverse engineering, and manufacturing workflows.
Proprietary Software (3D Sprint, 3DXpert, Bioprint Pro): Software solutions for preparing and optimizing CAD data, managing additive manufacturing processes, and designing bioprinting experiments.
Maintenance and Training Services: Support and educational services to ensure optimal operation and user proficiency with their systems.
Manufacturing Services: Services that leverage their 3D printing expertise to produce parts for customers.
Software and Precision Healthcare Services: Specialized software and services tailored for medical and dental applications, including bioprinting and anatomical modeling.

AI Analysis | Feedback

3D Systems (symbol: DDD) primarily sells its products and services to other companies and businesses, rather than individuals. The provided background information does not list specific names of customer companies or their stock symbols. However, the company description indicates that 3D Systems serves a broad range of industries, which represent its major customer segments. These include:

Medical
Dental
Automotive
Aerospace
Durable Good
Government
Defense
Technology
Jewelry
Electronic
Education
Consumer Good
Energy
Biotechnology

AI Analysis | Feedback

null

AI Analysis | Feedback

Dr. Jeffrey A. Graves, President and Chief Executive Officer

Dr. Jeffrey A. Graves was appointed President and CEO of 3D Systems in May 2020. Prior to joining 3D Systems, he served as CEO, President, and Director of MTS Systems Corporation from 2012 to 2020. Before MTS, Dr. Graves was CEO of C&D Technologies from 2005 to 2012, and held leadership roles including CEO at KEMET Electronics from 2003 to 2005. His earlier career included positions at General Electric and Rockwell International. He has served on the Board of Directors for several public companies, including Hexcel and Faro.

Jeffrey Creech, Executive Vice President and Chief Financial Officer

Jeffrey Creech joined 3D Systems as Executive Vice President and Chief Financial Officer in December 2023. He brings over 25 years of experience in financial leadership and business transformation. Most recently, he served as a Senior Director at the Finely Group, an executive advisory service company. Prior to that, Mr. Creech was Chief Operating Officer and Chief Financial Officer for Nutramax Laboratories, a privately held manufacturer. His career also includes financial and operations leadership roles at Springs Creative Products Group, where he served as both President and Chief Operating Officer.

Charles W. Hull, Co-Founder, Executive Vice President, Chief Technology Officer for Regenerative Medicine

Charles W. Hull is a co-founder of 3D Systems and the inventor of stereolithography (SLA) 3D printing. He has served on the company's Board of Directors since 1993 and has held various executive positions since 3D Systems was founded in 1986, including Chief Technology Officer since 1997. He currently leads the company's regenerative medicine efforts, focusing on the printing of human organs.

Andrew M. Johnson, Executive Vice President, Chief Legal Officer and Chief Corporate Development Officer

Andrew M. Johnson has been with 3D Systems for over 16 years. In September 2022, his responsibilities expanded to include Chief Corporate Development Officer, where he leads mergers and acquisitions and the establishment of strategic partnerships. He has led over 60 M&A transactions for the company during his tenure. Mr. Johnson also served as Interim President and Chief Executive Officer from October 2015 to April 2016.

Reji Puthenveetil, Executive Vice President, Additive Solutions and Chief Commercial Officer

Reji Puthenveetil joined 3D Systems as Executive Vice President, Additive Solutions and Chief Commercial Officer in July 2020. Before his role at 3D Systems, Mr. Puthenveetil spent more than 25 years as a management consultant. In his consulting career, he assisted companies across various industries in developing clear growth strategies and ensuring organizational capability for execution.

AI Analysis | Feedback

The key risks to 3D Systems' business are its persistent financial challenges and cash burn, weak customer capital expenditure amid macroeconomic headwinds, and significant customer concentration in its healthcare segment.

1. Persistent Financial Challenges and Cash Burn

3D Systems faces a significant risk due to its ongoing financial health issues, including persistent cash burn and negative free cash flow. As of September 30, 2025, the company's total debt exceeded its total cash, and its free cash flow for Q3 2025 was negative, indicating a continued cash drain. Analyses suggest a potential risk of bankruptcy within the next two years, with an Altman Z-Score in the "distress zone." The company has also recorded substantial non-cash impairment charges on goodwill and other assets in recent years, signaling underperforming past investments and reduced balance sheet flexibility. Additionally, 3D Systems has upcoming debt maturities, including $34.7 million in Q4 2026 and $92.0 million in 2030 convertible notes, which are subject to financial covenants that, if breached, could trigger accelerated repayment.

2. Weak Customer Capital Expenditure and Macroeconomic Headwinds

A core challenge for 3D Systems is the persistent squeeze from soft customer capital expenditure (CapEx) spending, which directly impacts the demand for its industrial 3D printers and related solutions. Macroeconomic uncertainty and tariff risks continue to suppress customer CapEx across various industries, leading to a decline in revenue and gross margins. For instance, shipments of large industrial 3D printing machines decreased in Q1 2025 as customers postponed capital investments. This slowdown has notably affected 3D Systems' Industrial Solutions segment, which is its larger but more volatile business unit.

3. Customer Concentration

3D Systems faces a notable risk from its customer concentration, particularly within its healthcare segment. In 2025, two major healthcare customers alone accounted for 12.2% and 11.4% of the company's total revenue, respectively. This high reliance on a small number of large clients increases the company's exposure to the risk of losing these customers, their financial deterioration, or their increased bargaining power, which could significantly impact 3D Systems' revenue and profitability.

AI Analysis | Feedback

null

AI Analysis | Feedback

The addressable markets for 3D Systems' main products and services encompass various segments within the broader additive manufacturing and 3D printing industries, particularly in healthcare.

Overall Additive Manufacturing Market

The global additive manufacturing market size was valued at approximately USD 113.1 billion in 2025. This market is projected to reach USD 647.7 billion by the end of 2035, growing at a CAGR of 21.4% from 2026 to 2035.
North America is forecast to secure a 44.3% share of the additive manufacturing market by 2035.
Europe commands 27.8% of the global additive manufacturing market in 2025.

Healthcare 3D Printing Market

The global healthcare 3D printing market size was valued at USD 8.52 billion in 2023 and is projected to reach USD 27.29 billion by 2030, growing at a CAGR of 18.5% from 2024 to 2030.
North America dominated the global healthcare 3D printing market, accounting for a 38.0% revenue share in 2023.

Dental 3D Printing Market

The global dental 3D printing market size was valued at USD 3.2 billion in 2024. It is expected to grow to USD 8.2 billion by 2033, exhibiting a CAGR of 10.9% from 2025 to 2033.
The U.S. dental 3D printing market was valued at USD 1 billion in 2023.
3D Systems' management forecasts a U.S. addressable market for the dental segment valued at $1 billion by 2029.

3D Printing Medical Devices Market

The global 3D printing medical devices market size was valued at USD 3.99 billion in 2025 and is projected to grow to USD 15.77 billion by 2034.
The U.S. 3D printing medical devices market size was valued at USD 1.66 billion in 2025.

3D Bioprinting Market

The global 3D bioprinting market size was valued at approximately US$2.58 billion in 2024. It is projected to reach approximately US$8.42 billion by 2034, expanding at a compound annual growth rate (CAGR) of 12.54% from 2025 to 2034.
North America captured a revenue share of 30.2% in the 3D bioprinting market in 2023.

AI Analysis | Feedback

3D Systems (DDD) is expected to drive future revenue growth over the next 2-3 years through several key areas:

Growth in Personalized Healthcare and Dental Markets: The company anticipates sustained momentum in its personalized healthcare and dental businesses. The Personalized Healthcare segment demonstrated nearly 20% year-over-year growth, and its orthodontics business grew over 30% in 2024. Strategic focus on these areas, supported by FDA clearances for new dental and orthopedic products, is expected to continue driving demand. Analysts also identify healthcare and dental as key drivers of higher-margin recurring revenue.
Increased Materials Revenue: Despite facing macroeconomic pressures on hardware sales, 3D Systems has observed consistent growth in consumable materials revenue, which is driven by the utilization of its extensive installed base of 3D printers. Consumable materials revenue grew 10% year-over-year and 9% sequentially in a recent quarter. Higher consumables sales also indicate improved machine utilization, suggesting a re-engagement from customers who had previously paused spending.
New Product Introductions and Strategic Advances in Key Industrial Markets: 3D Systems is making strategic investments in metal and polymer printing technology, emphasizing research and development to launch new printer platforms. Recent hardware introductions and advancements in metal printing platforms are propelling sales growth, particularly in high-reliability industrial areas such as Aerospace and Defense, and AI infrastructure. These markets are rapidly adopting 3D printing as a core manufacturing method.
Stabilization and Strengthening in Customer Demand for Industrial Printers and Services: After a challenging period with weak customer capital expenditure spending, 3D Systems reported a stabilization and strengthening in customer demand for new industrial printers in Q4 2024. This includes a healthy uptick in the sale of new industrial printer systems and global services, indicating a potential recovery in market conditions and customer investment decisions.

AI Analysis | Feedback

Share Repurchases

In June 2025, 3D Systems repurchased 8 million shares of its common stock, representing approximately 6% of the outstanding shares, as part of strategic debt retirement transactions.
The company reported $14.96 million in stock repurchases for the nine months ended September 30, 2025.

Share Issuance

In December 2025, 3D Systems entered into agreements to exchange $30.77 million of its 0% Convertible Senior Notes due 2026 for 16.63 million shares of common stock.

Outbound Investments

3D Systems acquired Oqton for $180 million in September 2021.
In October 2021, the company acquired Volumetric for $45 million.
The acquisition of Titan Robotics was completed for $39 million in February 2022.

Capital Expenditures

3D Systems is undertaking a phased investment to add up to 80,000 square feet to its Littleton, Colorado facility, significantly enhancing its Aerospace & Defense Application Center of Excellence in 2025 and 2026.
The company is prioritizing strategic investments that drive growth in key markets and is focused on maintaining core R&D investments.

Interactive Breakdown

null

null

Better Bets vs. 3D Systems (DDD)

Higher Total Yield (Value for DDD: 10.5%)

AISP (34.8%)

Airship AI

PD (31.2%)

PagerDuty

HPQ (16.6%)

EGAN (16.3%)

eGain

CCSI (16.1%)

Consensus Cloud Solutions

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for DDD: -10.4% | 0.7x)

HPQ (-1.7% | 0.3x)

SNX (2.0% | 0.3x)

TD Synnex

SMCI (66.3% | 0.6x)

Super Micro Computer

ARW (-5.3% | 0.3x)

Arrow Electronics

INGM (1.3% | 0.1x)

Ingram Micro

Higher Rev Chg LTM (Value for DDD: -12.1%)

MU (85.5%)

Micron Technology

NVDA (65.5%)

NVIDIA

AVGO (25.2%)

Broadcom

MSFT (16.7%)

Microsoft

AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for DDD: -10.4%)

NVDA (101.8%)

NVIDIA

MU (45.3%)

Micron Technology

AVGO (26.2%)

Broadcom

MSFT (14.4%)

Microsoft

AAPL (4.1%)

Apple

Higher Op Mgn LTM (Value for DDD: -24.6%)

NVDA (60.4%)

NVIDIA

MU (48.4%)

Micron Technology

MSFT (46.7%)

Microsoft

AVGO (41.5%)

Broadcom

AAPL (32.4%)

Apple

Higher CFO/Rev LTM (Value for DDD: -22.7%)

MU (52.7%)

Micron Technology

MSFT (52.5%)

Microsoft

NVDA (47.6%)

NVIDIA

AVGO (43.5%)

Broadcom

AAPL (31.1%)

Apple

Higher FCF/Rev LTM (Value for DDD: -25.3%)

NVDA (44.8%)

NVIDIA

AVGO (42.3%)

Broadcom

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

MU (17.7%)

Micron Technology

Higher Total Yield (Value for DDD: 10.5%)

PAGS (73.3%)

PagSeguro Digital

PD (31.2%)

PagerDuty

DXC (18.8%)

DXC Technology

HPQ (16.6%)

TASK (15.2%)

TaskUs

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DDD: -10.4% | 0.7x)

UNH (11.4% | 0.7x)

UnitedHealth

MCK (13.3% | 0.3x)

McKesson

CVS (7.7% | 0.2x)

CVS Health

GM (5.8% | 0.4x)

General Motors

CI (15.3% | 0.3x)

Cigna

Higher Rev Chg LTM (Value for DDD: -12.1%)

META (22.2%)

Meta Platforms

GOOGL (15.1%)

Alphabet

AMZN (12.4%)

Amazon.com

TSLA (-2.9%)

Tesla

BRK-B (-3.2%)

Berkshire Hathaway

Higher Rev Chg 3Y Avg (Value for DDD: -10.4%)

BRK-B (27.0%)

Berkshire Hathaway

META (19.9%)

Meta Platforms

GOOGL (12.5%)

Alphabet

AMZN (11.7%)

Amazon.com

TSLA (5.6%)

Tesla

Higher Op Mgn LTM (Value for DDD: -24.6%)

META (41.4%)

Meta Platforms

GOOGL (32.0%)

Alphabet

AMZN (11.2%)

Amazon.com

TSLA (5.1%)

Tesla

WMT (4.2%)

Walmart

Higher CFO/Rev LTM (Value for DDD: -22.7%)

META (57.6%)

Meta Platforms

GOOGL (40.9%)

Alphabet

AMZN (19.5%)

Amazon.com

TSLA (15.6%)

Tesla

BRK-B (11.2%)

Berkshire Hathaway

Higher FCF/Rev LTM (Value for DDD: -25.3%)

META (22.9%)

Meta Platforms

GOOGL (18.2%)

Alphabet

TSLA (6.6%)

Tesla

BRK-B (6.1%)

Berkshire Hathaway

AMZN (1.1%)

Amazon.com

Higher Total Yield (Value for DDD: 10.5%)

VZ (14.6%)

Verizon Communications

TD (12.3%)

Toronto-Dominion Bank

T (11.7%)

AT&T

PFE (11.2%)

Pfizer

WFC (10.6%)

Wells Fargo

Best Bets in Information Technology

What You Pay

P/EBIT (Value for DDD: 5.2x)

APP (40.5x)

AppLovin

VRSN (22.1x)

VeriSign

NVDA (34.6x)

NVIDIA

QLYS (13.4x)

Qualys

ADEA (17.4x)

Adeia

ADBE (10.8x)

Adobe

GEN (7.2x)

Gen Digital

IDCC (18.8x)

InterDigital

ZM (23.2x)

Zoom Communications

YOU (27.8x)

Clear Secure

P/E (Value for DDD: 9.5x)

APP (48.4x)

AppLovin

VRSN (30.6x)

VeriSign

NVDA (40.8x)

NVIDIA

QLYS (15.0x)

Qualys

ADEA (28.4x)

Adeia

ADBE (13.9x)

Adobe

GEN (20.4x)

Gen Digital

IDCC (23.6x)

InterDigital

ZM (13.7x)

Zoom Communications

YOU (47.5x)

Clear Secure

What You Get

Rev Chg 3Y Avg (Value for DDD: -10.4%)

APP (40.7%)

AppLovin

VRSN (5.2%)

VeriSign

NVDA (101.8%)

NVIDIA

QLYS (11.0%)

Qualys

ADEA (1.1%)

Adeia

ADBE (10.8%)

Adobe

GEN (15.3%)

Gen Digital

IDCC (24.7%)

InterDigital

ZM (3.5%)

Zoom Communications

YOU (27.6%)

Clear Secure

Rev Chg LTM (Value for DDD: -12.1%)

APP (61.1%)

AppLovin

VRSN (6.4%)

VeriSign

NVDA (65.5%)

NVIDIA

QLYS (10.1%)

Qualys

ADEA (17.9%)

Adeia

ADBE (11.0%)

Adobe

GEN (21.5%)

Gen Digital

IDCC (-4.0%)

InterDigital

ZM (4.4%)

Zoom Communications

YOU (16.9%)

Clear Secure

Rev Chg Q (Value for DDD: -4.3%)

APP (65.9%)

AppLovin

VRSN (7.6%)

VeriSign

NVDA (73.2%)

NVIDIA

QLYS (10.1%)

Qualys

ADEA (53.3%)

Adeia

ADBE (12.0%)

Adobe

GEN (25.8%)

Gen Digital

IDCC (-37.4%)

InterDigital

ZM (5.3%)

Zoom Communications

YOU (16.7%)

Clear Secure

FCF/Rev 3Y Avg (Value for DDD: -20.4%)

APP (60.8%)

AppLovin

VRSN (58.3%)

VeriSign

NVDA (45.3%)

NVIDIA

QLYS (42.1%)

Qualys

ADEA (40.6%)

Adeia

ADBE (38.8%)

Adobe

GEN (37.6%)

Gen Digital

IDCC (37.4%)

InterDigital

ZM (36.9%)

Zoom Communications

YOU (35.8%)

Clear Secure

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	3D Systems Earnings Notes	12/16/2025
2	Is 3D Systems Stock Built to Withstand More Downside?	10/17/2025

	Title
0	ARTICLES

Trade Ideas

Select ideas related to DDD.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PANW_3312026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03312026	PANW	Palo Alto Networks	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	0.0%	0.0%	0.0%
ALKT_3312026_Insider_Buying_45D_2Buy_200K	03312026	ALKT	Alkami Technology	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
DBX_3272026_Dip_Buyer_FCFYield	03272026	DBX	Dropbox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.6%	2.6%	0.0%
DLB_3272026_Dip_Buyer_FCFYield	03272026	DLB	Dolby Laboratories	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.5%	3.5%	0.0%
PTC_3272026_Dip_Buyer_FCFYield	03272026	PTC	PTC	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.5%	3.5%	0.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AMC	AMC Entertainment	1.0	15.5%	19.2%
ABTC	American Bitcoin	1.2	15.0%	-23.5%
PLSE	Pulse Biosciences	1.6	14.1%	70.4%
BAND	Bandwidth	0.7	12.7%	48.9%
FBYD	Falcons Beyond Global	0.5	12.6%	-9.6%
MXL	MaxLinear	2.3	12.5%	50.7%
LION	Lionsgate Studios	3.6	12.5%	36.4%
ROAD	Construction Partners	7.0	12.0%	15.7%
MSTR	Strategy	49.0	11.8%	9.6%
KMTS	Kestra Medical Technologies	1.3	11.8%	-14.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BMI	Badger Meter	3.4	-24.1%	-33.6%
PBF	PBF Energy	4.3	-12.8%	38.1%
DK	Delek US	2.2	-12.3%	26.4%
LYB	LyondellBasell Industries	21.3	-12.0%	54.9%
DOW	Dow	25.6	-10.8%	54.1%
IPI	Intrepid Potash	0.5	-10.4%	26.9%
CVI	CVR Energy	3.0	-10.4%	15.7%
PARR	Par Pacific	2.8	-10.0%	63.1%
NFLX	Netflix	411.5	-9.7%	3.8%
CF	CF Industries	17.6	-9.6%	46.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AVNS	Avanos Medical	1.1	73.6%	119.2%
CAR	Avis Budget	17.4	64.7%	284.9%
IONQ	IonQ	16.0	60.1%	2.7%
RVMD	Revolution Medicines	28.9	54.1%	86.6%
QBTS	D-Wave Quantum	7.7	52.2%	-17.1%
NN	NextNav	3.1	49.4%	37.2%
HIMS	Hims & Hers Health	6.5	48.3%	-11.2%
TSHA	Taysha Gene Therapies	2.3	43.2%	16.9%
BAND	Bandwidth	0.7	42.6%	48.9%
SYRE	Spyre Therapeutics	5.4	42.3%	122.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
REPL	Replimune	0.2	-54.4%	-77.7%
IIIN	Insteel Industries	0.5	-28.0%	-17.1%
BMI	Badger Meter	3.4	-25.6%	-33.6%
SENEA	Seneca Foods	1.0	-16.2%	26.8%
HPK	HighPeak Energy	0.7	-15.7%	12.8%
REPX	Riley Exploration Permian	0.7	-15.4%	28.6%
LCID	Lucid	2.4	-14.9%	-30.9%
KMX	CarMax	6.0	-12.5%	5.8%
WINA	Winmark	1.4	-12.3%	-3.6%
ALLO	Allogene Therapeutics	0.5	-12.1%	74.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CAR	Avis Budget	17.4	386.5%	284.9%
SATL	Satellogic	0.9	134.1%	270.6%
AEHR	Aehr Test Systems	2.5	131.0%	315.4%
APLS	Apellis Pharmaceuticals	5.2	128.6%	62.8%
CBIO	Crescent Biopharma	0.6	105.6%	79.4%
KOD	Kodiak Sciences	2.4	103.4%	60.6%
FBYD	Falcons Beyond Global	0.5	103.1%	-9.6%
YSS	York Space Systems	4.5	96.3%	6.3%
FLY	Firefly Aerospace	7.0	88.5%	95.4%
LWLG	Lightwave Logic	1.7	88.0%	287.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PIPR	Piper Sandler Cos	6.1	-69.4%	8.7%
REPL	Replimune	0.2	-67.9%	-77.7%
VRDN	Viridian Therapeutics	1.4	-46.6%	-52.4%
MAZE	Maze Therapeutics	1.3	-42.0%	-32.2%
BUR	Burford Capital	1.1	-39.7%	-44.4%
WVE	WAVE Life Sciences	1.4	-37.1%	-55.9%
TE	T1 Energy	0.8	-31.4%	-24.7%
BTU	Peabody Energy	3.1	-29.3%	-13.4%
CSIQ	Canadian Solar	0.9	-28.7%	-44.5%
LCID	Lucid	2.4	-26.6%	-30.9%

Peer Comparisons

Peers to compare with:

Financials

	DDD	SSYS	PRLB	ADSK	Median
Name	3D Syste.	Stratasys	Proto La.	Autodesk
Mkt Price	2.24	8.79	64.51	242.02	36.65
Mkt Cap	0.3	0.8	1.5	51.6	1.1
Rev LTM	387	551	533	7,206	542
Op Inc LTM	-95	-72	26	1,794	-23
FCF LTM	-98	-12	60	2,376	24
FCF 3Y Avg	-89	-31	58	1,711	13
CFO LTM	-88	15	75	2,452	45
CFO 3Y Avg	-71	-13	75	1,791	31

Growth & Margins

	DDD	SSYS	PRLB	ADSK	Median
Name	3D Syste.	Stratasys	Proto La.	Autodesk
Rev Chg LTM	-12.1%	-3.7%	6.4%	17.5%	1.4%
Rev Chg 3Y Avg	-10.4%	-5.4%	3.0%	13.0%	-1.2%
Rev Chg Q	-4.3%	-6.9%	12.1%	19.4%	3.9%
QoQ Delta Rev Chg LTM	-1.2%	-1.8%	2.8%	4.6%	0.8%
Op Inc Chg LTM	28.0%	15.4%	2.8%	31.0%	21.7%
Op Inc Chg 3Y Avg	3.8%	-11.9%	-0.7%	22.2%	1.6%
Op Mgn LTM	-24.6%	-13.2%	4.9%	24.9%	-4.1%
Op Mgn 3Y Avg	-25.3%	-14.0%	5.2%	22.6%	-4.4%
QoQ Delta Op Mgn LTM	0.4%	-2.2%	0.6%	1.0%	0.5%
CFO/Rev LTM	-22.7%	2.7%	14.0%	34.0%	8.4%
CFO/Rev 3Y Avg	-16.5%	-1.9%	14.7%	28.0%	6.4%
FCF/Rev LTM	-25.3%	-2.2%	11.2%	33.0%	4.5%
FCF/Rev 3Y Avg	-20.4%	-5.1%	11.3%	26.8%	3.1%

Valuation

	DDD	SSYS	PRLB	ADSK	Median
Name	3D Syste.	Stratasys	Proto La.	Autodesk
Mkt Cap	0.3	0.8	1.5	51.6	1.1
P/S	0.7	1.4	2.9	7.2	2.1
P/Op Inc	-3.0	-10.4	58.5	28.7	12.9
P/EBIT	5.2	-10.4	58.5	30.5	17.8
P/E	9.5	-7.2	72.2	45.9	27.7
P/CFO	-3.2	49.8	20.6	21.0	20.8
Total Yield	10.5%	-13.8%	1.4%	2.2%	1.8%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	-23.6%	-3.4%	5.5%	2.8%	-0.3%
D/E	0.6	0.0	0.0	0.1	0.0
Net D/E	0.2	-0.3	-0.1	0.0	-0.0

Returns

	DDD	SSYS	PRLB	ADSK	Median
Name	3D Syste.	Stratasys	Proto La.	Autodesk
1M Rtn	16.1%	15.7%	15.7%	-2.4%	15.7%
3M Rtn	-18.8%	-21.4%	17.8%	-8.9%	-13.9%
6M Rtn	-28.0%	-19.5%	23.7%	-20.3%	-19.9%
12M Rtn	20.4%	-3.2%	93.4%	-6.7%	8.6%
3Y Rtn	-75.2%	-41.7%	124.1%	24.3%	-8.7%
1M Excs Rtn	-2.9%	5.1%	7.1%	-10.2%	1.1%
3M Excs Rtn	-17.8%	-27.0%	14.7%	-10.3%	-14.0%
6M Excs Rtn	-38.3%	-30.7%	10.0%	-27.5%	-29.1%
12M Excs Rtn	-20.6%	-38.2%	56.6%	-40.8%	-29.4%
3Y Excs Rtn	-150.5%	-115.6%	34.7%	-48.9%	-82.2%

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	3/9/2026	3/9/2026	3/27/2025	8/13/2024	3/16/2023	3/1/2022	3/5/2021
Key Financials
Total Revenue	387	387	440	488	538	616	557
EBITDA	76	76	-214	-326	-82	357	-95
Operating Income	-95	-95	-132	-103	-117	-33	-71
Net Income	30	30	-256	-363	-123	322	-150
EPS	0.22	0.23	-1.94	-2.79	-0.96	2.62	-1.27
Growth Rates
Total Revenue Growth	-12.1%	-12.1%	-9.8%	-9.3%	-12.6%	10.5%	-12.4%
EBITDA Growth	135.6%	135.6%	34.2%	-297.2%	-123.0%	476.0%	-1313.6%
Operating Income Growth	28.0%	28.0%	-28.3%	11.8%	-253.9%	53.2%	-23.7%
Net Income Growth	111.7%	111.7%	29.5%	-195.6%	-138.1%	315.3%	-114.1%
Margins
EBITDA Margin	19.7%	19.7%	-48.7%	-66.7%	-15.2%	57.9%	-17.0%
Operating Income Margin	-24.6%	-24.6%	-30.1%	-21.1%	-21.7%	-5.4%	-12.7%
Net Income Margin	7.7%	7.7%	-58.1%	-74.3%	-22.8%	52.3%	-26.8%
Cash & Debt
Total Cash	96	96	171	332	569	790	75
Total Debt	158	158	286	399	500	503	79
Net Debt / (Cash)	63	63	115	68	-68	-287	4
Cash Flows
Net Cash from Operations	-88	-88	-45	-81	-70	48	-20
Free Cash from Operations	-98	-98	-61	-108	-91	29	-34
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	15	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	3/9/2026	11/4/2025	8/11/2025	5/12/2025	3/27/2025	11/26/2024	8/29/2024	8/20/2024	8/13/2024	11/9/2023	8/9/2023	5/10/2023
Key Financials Quarterly
Total Revenue	106	91	95	95	111	113	113	103	115	124	128	121
Ebitda	-5	-12	123	-29	-22	-168	-18	-6	-286	-1	-18	-20
Operating Income	-27	-20	-12	-36	-30	-37	-26	-40	-38	0	-32	-33
Net Income	-20	-18	104	-37	-34	-179	-27	-16	-293	-12	-29	-29
EPS	-0.15	-0.14	0.79	-0.28	-0.25	-1.35	-0.21	-0.12	-2.30	-0.09	-0.22	-0.23
Key Financials TTM
Total Revenue TTM	387	392	413	432	440	444	455	470	488	506	514	526
Ebitda TTM	76	60	-96	-237	-214	-479	-312	-313	-326	-60	-81	-85
Operating Income TTM	-95	-98	-115	-129	-132	-141	-103	-110	-103	-93	-127	-127
Net Income TTM	30	16	-145	-277	-256	-515	-348	-349	-363	-96	-121	-125
Growth Rates Quarterly
Total Revenue Growth	-4.3%	-19.2%	-16.3%	-8.1%	-3.3%	-8.8%	-11.7%	-15.1%	-13.5%	-6.4%	-8.5%	-8.8%
EBITDA Growth	75.8%	92.8%	789.2%	-348.2%	92.5%	-11598.0%	3.0%	66.8%	-1258.0%	93.6%	18.0%	-21.2%
Operating Income Growth	8.5%	46.2%	54.1%	9.1%	21.2%	-284846.2%	19.5%	-19.3%	-35.9%	100.0%	1.0%	-43.8%
Net Income Growth	42.1%	89.9%	483.1%	-131.1%	88.5%	-1426.2%	5.7%	45.6%	-1045.3%	68.7%	12.3%	-9.8%
Margins Quarterly
EBITDA Margin	-4.9%	-13.2%	129.3%	-30.8%	-19.5%	-148.9%	-15.7%	-6.3%	-249.2%	-1.2%	-14.3%	-16.1%
Operating Income Margin	-25.9%	-21.8%	-12.4%	-38.3%	-27.1%	-32.8%	-22.6%	-38.7%	-33.2%	0.0%	-24.8%	-27.5%
Net Income Margin	-18.4%	-19.8%	110.1%	-39.1%	-30.4%	-158.2%	-24.1%	-15.5%	-254.8%	-9.5%	-22.5%	-24.3%
Cash & Debt
Total Cash	96	96	116	135	171	190	193	212	332	446	492	530
Total Debt	158	182	184	276	286	272	273	276	399	533	526	516
Net Debt / (Cash)	63	86	68	141	115	82	81	64	68	88	34	-14
Cash Flows Quarterly
FCF from Operations	-15	-14	-26	-34	-8	-1	-11	-26	-9	-26	-19	-28
Cash Flows TTM
FCF from Operations TTM	-88	-81	-68	-53	-45	-46	-71	-79	-81	-89	-78	-83
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-6.7%	-4.2%	-2.6%	-8.6%	-7.3%	-8.9%	-6.3%	-10.0%	-9.5%	0.0%	-8.2%	-9.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-4.1%	-3.6%	-7.2%	-7.6%	-8.0%	-8.6%	-6.4%	-6.9%	-6.4%	-5.8%	-8.2%	-8.5%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Industrial Solutions	250	275	277	309	311
Healthcare Solutions	190	213	261	306	246
Corporate and Other			0
Total	440	488	538	616	557

Price Behavior

Price Behavior

Market Price	$2.24
Market Cap ($ Bil)	0.3
First Trading Date	11/05/1990
Distance from 52W High	-40.7%
	50 Days	200 Days
DMA Price	$2.08	$2.22
DMA Trend	up	down
Distance from DMA	7.5%	0.7%
	3M	1YR
Volatility	84.1%	97.5%
Downside Capture	1.48	1.71
Upside Capture	309.88	277.21
Correlation (SPY)	50.7%	38.6%

DDD Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	4.25	3.76	3.62	3.63	1.84	2.07
Up Beta	8.82	6.44	5.19	4.07	1.38	1.72
Down Beta	2.16	2.22	3.60	3.18	1.40	1.45
Up Capture	926%	546%	568%	541%	539%	1603%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	9	15	25	49	104	309
Down Capture	242%	269%	204%	246%	164%	113%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	13	26	36	71	130	412

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DDD
DDD	12.2%	97.4%	0.55	-
Sector ETF (XLK)	54.6%	21.1%	1.96	34.4%
Equity (SPY)	21.1%	12.9%	1.32	39.1%
Gold (GLD)	50.9%	27.5%	1.49	9.9%
Commodities (DBC)	25.2%	16.2%	1.40	9.1%
Real Estate (VNQ)	17.5%	13.7%	0.93	27.7%
Bitcoin (BTCUSD)	-7.8%	42.6%	-0.08	28.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DDD
DDD	-36.7%	81.3%	-0.21	-
Sector ETF (XLK)	17.8%	24.7%	0.64	39.2%
Equity (SPY)	10.8%	17.1%	0.49	41.7%
Gold (GLD)	22.6%	17.8%	1.04	8.7%
Commodities (DBC)	11.6%	18.8%	0.51	11.4%
Real Estate (VNQ)	4.4%	18.8%	0.14	33.2%
Bitcoin (BTCUSD)	5.2%	56.5%	0.31	22.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DDD
DDD	-17.7%	82.2%	0.11	-
Sector ETF (XLK)	22.9%	24.3%	0.86	35.8%
Equity (SPY)	14.0%	17.9%	0.67	37.3%
Gold (GLD)	14.3%	15.9%	0.75	4.8%
Commodities (DBC)	8.5%	17.6%	0.40	14.2%
Real Estate (VNQ)	5.6%	20.7%	0.24	27.0%
Bitcoin (BTCUSD)	68.4%	66.9%	1.07	15.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	39.1 Mil
Short Interest: % Change Since 3152026	0.4%
Average Daily Volume	3.1 Mil
Days-to-Cover Short Interest	12.6 days
Basic Shares Quantity	126.7 Mil
Short % of Basic Shares	30.9%

Returns Analyses

	Title
0	Is 3D Systems Stock Built to Withstand More Downside?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
3/9/2026	28.1%	23.5%	-7.1%
11/4/2025	-0.8%	-14.9%	-17.6%
8/11/2025	29.5%	18.8%	20.5%
3/26/2025	-21.0%	-22.8%	-28.7%
11/13/2024	-17.2%	-9.3%	15.7%
8/13/2024	-8.2%	-1.2%	-9.4%
2/28/2024	-23.1%	-14.9%	-14.9%
10/25/2023	-6.4%	-6.9%	36.9%
...
SUMMARY STATS
# Positive	7	7	9
# Negative	14	14	12
Median Positive	21.5%	18.8%	20.5%
Median Negative	-9.8%	-14.8%	-20.5%
Max Positive	35.2%	38.7%	68.0%
Max Negative	-23.1%	-23.1%	-34.4%

	Forward Returns
3/9/2026	28.1%	23.5%	-7.1%
11/4/2025	-0.8%	-14.9%	-17.6%
8/11/2025	29.5%	18.8%	20.5%
3/26/2025	-21.0%	-22.8%	-28.7%
11/13/2024	-17.2%	-9.3%	15.7%
8/13/2024	-8.2%	-1.2%	-9.4%
2/28/2024	-23.1%	-14.9%	-14.9%
10/25/2023	-6.4%	-6.9%	36.9%
8/9/2023	-8.4%	-16.1%	-34.4%
3/1/2023	13.5%	10.4%	4.4%
11/9/2022	5.7%	38.7%	23.0%
8/9/2022	-15.0%	-5.7%	-27.6%
5/10/2022	-0.8%	-1.4%	7.2%
2/28/2022	-3.1%	-18.9%	-1.4%
11/9/2021	-14.4%	-23.1%	-30.5%
8/10/2021	21.5%	1.4%	9.6%
5/11/2021	35.2%	27.8%	68.0%
2/24/2021	2.6%	-14.6%	-32.5%
11/6/2020	-4.6%	12.7%	56.1%
8/5/2020	-11.2%	-14.7%	-23.4%
5/6/2020	-14.4%	-20.1%	-7.0%
SUMMARY STATS
# Positive	7	7	9
# Negative	14	14	12
Median Positive	21.5%	18.8%	20.5%
Median Negative	-9.8%	-14.8%	-20.5%
Max Positive	35.2%	38.7%	68.0%
Max Negative	-23.1%	-23.1%	-34.4%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	03/09/2026	10-K
09/30/2025	11/04/2025	10-Q
06/30/2025	08/11/2025	10-Q
03/31/2025	05/12/2025	10-Q
12/31/2024	03/27/2025	10-K
09/30/2024	11/26/2024	10-Q
06/30/2024	08/29/2024	10-Q
03/31/2024	08/20/2024	10-Q
12/31/2023	08/13/2024	10-K
09/30/2023	11/09/2023	10-Q
06/30/2023	08/09/2023	10-Q
03/31/2023	05/10/2023	10-Q
12/31/2022	03/16/2023	10-K
09/30/2022	11/09/2022	10-Q
06/30/2022	08/09/2022	10-Q
03/31/2022	05/10/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 3/9/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q1 2026 Revenue	91.00 Mil	92.50 Mil	94.00 Mil
Q1 2026 Adjusted EBITDA	-5.00 Mil	-4.00 Mil	-3.00 Mil
2026 Aerospace and Defense Revenue Growth		20.0%

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing DDD?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What DDD Makes & Who Pays

TTM figures based on

DDD Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Technology Hardware, Storage & Peripherals Resources

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

3D Systems (DDD)

Market Price (4/20/2026): $2.23 | Market Cap: $282.5 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

3D Systems (DDD)

Market Price (4/20/2026): $2.23Market Cap: $282.5 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About 3D Systems (DDD)

1. Persistent Financial Challenges and Cash Burn

2. Weak Customer Capital Expenditure and Macroeconomic Headwinds

3. Customer Concentration

Overall Additive Manufacturing Market

Healthcare 3D Printing Market

Dental 3D Printing Market

3D Printing Medical Devices Market

3D Bioprinting Market

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. 3D Systems (DDD)

INDUSTRY: Technology Hardware, Storage & Peripherals

Higher Rev Chg 3Y Avg | Lower P/S (Values for DDD: -10.4% | 0.7x)

Higher Rev Chg LTM (Value for DDD: -12.1%)

Higher Rev Chg 3Y Avg (Value for DDD: -10.4%)

Higher Op Mgn LTM (Value for DDD: -24.6%)

Higher CFO/Rev LTM (Value for DDD: -22.7%)

Higher FCF/Rev LTM (Value for DDD: -25.3%)

Higher Total Yield (Value for DDD: 10.5%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for DDD: -10.4% | 0.7x)

Higher Rev Chg LTM (Value for DDD: -12.1%)

Higher Rev Chg 3Y Avg (Value for DDD: -10.4%)

Higher Op Mgn LTM (Value for DDD: -24.6%)

Higher CFO/Rev LTM (Value for DDD: -22.7%)

Higher FCF/Rev LTM (Value for DDD: -25.3%)

Higher Total Yield (Value for DDD: 10.5%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DDD: -10.4% | 0.7x)

Higher Rev Chg LTM (Value for DDD: -12.1%)

Higher Rev Chg 3Y Avg (Value for DDD: -10.4%)

Higher Op Mgn LTM (Value for DDD: -24.6%)

Higher CFO/Rev LTM (Value for DDD: -22.7%)

Higher FCF/Rev LTM (Value for DDD: -25.3%)

Higher Total Yield (Value for DDD: 10.5%)

Best Bets in Information Technology

P/EBIT (Value for DDD: 5.2x)

P/E (Value for DDD: 9.5x)

Rev Chg 3Y Avg (Value for DDD: -10.4%)

Rev Chg LTM (Value for DDD: -12.1%)

Rev Chg Q (Value for DDD: -4.3%)

FCF/Rev 3Y Avg (Value for DDD: -20.4%)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Market Price (4/20/2026): $2.23 | Market Cap: $282.5 Mil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Market Price (4/20/2026): $2.23
Market Cap: $282.5 Mil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals