3D Systems (DDD)
Market Price (9/4/2026): $3.325 | Market Cap: $495.3 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
3D Systems (DDD)
Market Price (9/4/2026): $3.325Market Cap: $495.3 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Advanced Materials, Precision Medicine, and Automation & Robotics. Themes include Specialty Chemicals for Performance, Show more. | Weak multi-year price returns3Y Excs Rtn is -118% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -65 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -17% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.0%, Rev Chg QQuarterly Revenue Change % is -0.3% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% Significant short interestShort 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 29% Key risksDDD key risks include [1] its precarious financial health, Show more. |
| Megatrend and thematic driversMegatrends include Advanced Materials, Precision Medicine, and Automation & Robotics. Themes include Specialty Chemicals for Performance, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -118% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -65 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -17% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.0%, Rev Chg QQuarterly Revenue Change % is -0.3% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% |
| Significant short interestShort 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 29% |
| Key risksDDD key risks include [1] its precarious financial health, Show more. |
Qualitative Assessment
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3D Systems (DDD) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Public Offering and Share Dilution in June 2026.
In early fiscal Q2 2026, specifically on June 4, 2026, 3D Systems announced an upsized public offering of 16,393,443 shares of common stock at $3.05 per share, generating approximately $50 million in gross proceeds. This move aimed to bolster the company's operations and potentially fund growth initiatives, addressing its liquidity needs amid financial challenges such as a negative operating margin and declining revenue growth. However, the offering led to significant share dilution, increasing the common-share base and reducing existing shareholders' percentage ownership. The announcement of this offering was immediately followed by a decline of about 15% in the stock's after-hours trading.
2. Mixed Fiscal Q2 2026 Financial Results and Soft Outlook.
For the fiscal second quarter ended June 30, 2026, 3D Systems reported mixed financial performance on August 3, 2026. While the company exceeded analyst expectations for earnings per share, reporting a loss of $(0.04) against an estimated loss of $(0.06), and Adjusted EBITDA improved to a loss of $(0.8) million from $(5.3) million in the prior year, total revenue declined by 0.3% year-over-year to $94.6 million. Gross profit margin also decreased to 36.4% from 38.1% in the prior-year period. Furthermore, the company's guidance for fiscal Q3 2026, with revenue projected between $96 million and $99 million and Adjusted EBITDA between a $3 million and $1 million loss, was perceived as a soft outlook, contributing to negative investor sentiment.
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3D Systems (DDD) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Public Offering and Share Dilution in June 2026.
In early fiscal Q2 2026, specifically on June 4, 2026, 3D Systems announced an upsized public offering of 16,393,443 shares of common stock at $3.05 per share, generating approximately $50 million in gross proceeds. This move aimed to bolster the company's operations and potentially fund growth initiatives, addressing its liquidity needs amid financial challenges such as a negative operating margin and declining revenue growth. However, the offering led to significant share dilution, increasing the common-share base and reducing existing shareholders' percentage ownership. The announcement of this offering was immediately followed by a decline of about 15% in the stock's after-hours trading.
2. Mixed Fiscal Q2 2026 Financial Results and Soft Outlook.
For the fiscal second quarter ended June 30, 2026, 3D Systems reported mixed financial performance on August 3, 2026. While the company exceeded analyst expectations for earnings per share, reporting a loss of $(0.04) against an estimated loss of $(0.06), and Adjusted EBITDA improved to a loss of $(0.8) million from $(5.3) million in the prior year, total revenue declined by 0.3% year-over-year to $94.6 million. Gross profit margin also decreased to 36.4% from 38.1% in the prior-year period. Furthermore, the company's guidance for fiscal Q3 2026, with revenue projected between $96 million and $99 million and Adjusted EBITDA between a $3 million and $1 million loss, was perceived as a soft outlook, contributing to negative investor sentiment.
3. CEO Transition Announcement.
On August 4, 2026, 3D Systems announced a CEO transition plan. Changes in executive leadership often introduce uncertainty for investors regarding the company's future strategic direction, operational stability, and overall performance. This announcement, coming shortly after the Q2 earnings release, likely exacerbated existing investor concerns and contributed to the stock's downward trend during the specified period.
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Stock Movement Drivers
Fundamental Drivers
The -7.0% change in DDD stock from 5/31/2026 to 9/3/2026 was primarily driven by a -3.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312026 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.57 | 3.32 | -7.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 388 | 388 | -0.1% |
| P/S Multiple | 1.3 | 1.3 | -3.2% |
| Shares Outstanding (Mil) | 143 | 149 | -3.8% |
| Cumulative Contribution | -7.0% |
Market Drivers
5/31/2026 to 9/3/2026| Return | Correlation | |
|---|---|---|
| DDD | -7.0% | |
| Market (SPY) | 2.2% | 41.0% |
| Sector (XLK) | -2.6% | 55.0% |
Fundamental Drivers
The 72.0% change in DDD stock from 2/28/2026 to 9/3/2026 was primarily driven by a 106.7% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.93 | 3.32 | 72.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 392 | 388 | -1.0% |
| P/S Multiple | 0.6 | 1.3 | 106.7% |
| Shares Outstanding (Mil) | 125 | 149 | -15.9% |
| Cumulative Contribution | 72.0% |
Market Drivers
2/28/2026 to 9/3/2026| Return | Correlation | |
|---|---|---|
| DDD | 72.0% | |
| Market (SPY) | 13.0% | 40.7% |
| Sector (XLK) | 34.2% | 45.0% |
Fundamental Drivers
The 44.3% change in DDD stock from 8/31/2025 to 9/3/2026 was primarily driven by a 73.3% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.30 | 3.32 | 44.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 413 | 388 | -6.2% |
| P/S Multiple | 0.7 | 1.3 | 73.3% |
| Shares Outstanding (Mil) | 132 | 149 | -11.2% |
| Cumulative Contribution | 44.3% |
Market Drivers
8/31/2025 to 9/3/2026| Return | Correlation | |
|---|---|---|
| DDD | 44.3% | |
| Market (SPY) | 20.9% | 42.2% |
| Sector (XLK) | 42.3% | 41.4% |
Fundamental Drivers
The -47.4% change in DDD stock from 8/31/2023 to 9/3/2026 was primarily driven by a -24.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312023 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.31 | 3.32 | -47.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 514 | 388 | -24.6% |
| P/S Multiple | 1.6 | 1.3 | -19.9% |
| Shares Outstanding (Mil) | 130 | 149 | -12.8% |
| Cumulative Contribution | -47.4% |
Market Drivers
8/31/2023 to 9/3/2026| Return | Correlation | |
|---|---|---|
| DDD | -47.4% | |
| Market (SPY) | 77.7% | 36.0% |
| Sector (XLK) | 115.7% | 33.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DDD Return | 106% | -66% | -14% | -48% | -46% | 91% | -68% |
| Peers Return | -19% | -45% | 34% | -5% | 9% | 8% | -33% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| DDD Win Rate | 50% | 25% | 42% | 50% | 33% | 56% | |
| Peers Win Rate | 42% | 33% | 61% | 47% | 56% | 41% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| DDD Max Drawdown | -68% | -68% | -71% | -70% | -71% | -36% | |
| Peers Max Drawdown | -58% | -55% | -35% | -38% | -30% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 9/3/2026 (YTD)
How Low Can It Go
| Event | DDD | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -32.8% | -7.8% |
| % Gain to Breakeven | 48.7% | 8.5% |
| Time to Breakeven | 86 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.5% | -33.7% |
| % Gain to Breakeven | 119.7% | 50.9% |
| Time to Breakeven | 297 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -47.5% | -19.2% |
| % Gain to Breakeven | 90.5% | 23.8% |
| Time to Breakeven | 748 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -29.8% | -3.7% |
| % Gain to Breakeven | 42.4% | 3.9% |
| Time to Breakeven | 185 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -52.1% | -12.2% |
| % Gain to Breakeven | 108.9% | 13.9% |
| Time to Breakeven | 54 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -88.0% | -6.8% |
| % Gain to Breakeven | 733.5% | 7.3% |
| Time to Breakeven | 1847 days | 15 days |
In The Past
3D Systems's stock fell -32.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 48.7% gain to breakeven.
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| Event | DDD | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -32.8% | -7.8% |
| % Gain to Breakeven | 48.7% | 8.5% |
| Time to Breakeven | 86 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.5% | -33.7% |
| % Gain to Breakeven | 119.7% | 50.9% |
| Time to Breakeven | 297 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -47.5% | -19.2% |
| % Gain to Breakeven | 90.5% | 23.8% |
| Time to Breakeven | 748 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -29.8% | -3.7% |
| % Gain to Breakeven | 42.4% | 3.9% |
| Time to Breakeven | 185 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -52.1% | -12.2% |
| % Gain to Breakeven | 108.9% | 13.9% |
| Time to Breakeven | 54 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -88.0% | -6.8% |
| % Gain to Breakeven | 733.5% | 7.3% |
| Time to Breakeven | 1847 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -49.8% | -17.9% |
| % Gain to Breakeven | 99.0% | 21.8% |
| Time to Breakeven | 197 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -25.0% | -15.4% |
| % Gain to Breakeven | 33.2% | 18.2% |
| Time to Breakeven | 27 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -76.5% | -53.4% |
| % Gain to Breakeven | 325.2% | 114.4% |
| Time to Breakeven | 293 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -26.4% | -8.6% |
| % Gain to Breakeven | 35.8% | 9.5% |
| Time to Breakeven | 10 days | 47 days |
In The Past
3D Systems's stock fell -32.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 48.7% 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)
3D Systems Corporation (symbol: DDD) is a global leader and pioneer in providing 3D printing and digital manufacturing solutions. The company specializes in transforming digital data, generated from 3D design software, into physical parts through advanced additive manufacturing processes.
Its core offerings include a comprehensive portfolio of 3D printers, utilizing various technologies such as stereolithography, selective laser sintering, direct metal printing, and bioprinting. Beyond hardware, 3D Systems develops and supplies a wide array of print materials, including plastics, nylons, metals, composites, dental, and bio-compatible options. The company also provides essential digital design tools under its Geomagic brand, along with proprietary software like 3D Sprint and 3DXpert for optimizing and managing the entire 3D printing workflow, from design preparation to print simulation. Additionally, it offers maintenance, training, and manufacturing services.
3D Systems serves a diverse and extensive customer base, ranging from small businesses to large enterprises across numerous industries worldwide. Key markets include medical, dental, automotive, aerospace, defense, technology, and biotechnology, among others. The company supports these sectors by enabling product design, rapid prototyping, direct manufacturing, and specialized healthcare applications through its innovative solutions.
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Here are 1-2 brief analogies for 3D Systems:
- The Xerox of 3D printing.
- The Apple of industrial 3D manufacturing.
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- 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.
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- Medical
- Dental
- Automotive
- Aerospace
- Durable Good
- Government
- Defense
- Technology
- Jewelry
- Electronic
- Education
- Consumer Good
- Energy
- Biotechnology
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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.
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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.
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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.
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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.
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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.
Peer Outperformance in Technology Hardware, Storage & Peripherals
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 59.3% | 166.6% | 276.2% | TTMI 732% · FLEX 666% · JBL 401% |
| Semiconductor Materials & Equipment | 27 | 132.6% | 53.5% | 90.8% | AEHR 809% · AXTI 473% · KLAC 431% |
| Technology Distributors | 9 | 31.0% | 59.2% | 79.6% | CLMB 336% · AVT 161% · SNX 119% |
| Communications Equipment | 36 | 25.7% | 80.0% | 66.6% | AAOI 1200% · LITE 852% · ANET 744% |
| Electronic Components | 26 | 48.3% | 59.1% | 56.0% | CLS 3214% · BELFA 1274% · COHR 330% |
| Technology Hardware, Storage & Peripherals ← | 21 | 37.5% | 75.6% | 16.2% | DELL 1062% · STX 926% · SMCI 897% |
| Semiconductors | 55 | 33.0% | 17.1% | 15.6% | POET 1700% · MU 1231% · NVDA 903% |
| Internet Services & Infrastructure | 6 | 20.8% | 44.1% | 14.6% | DOCN 49% · GDDY 38% · VRSN 36% |
| Electronic Equipment & Instruments | 27 | -7.7% | 4.7% | -8.9% | PI 201% · OSIS 111% · NSSC 96% |
| IT Consulting & Other Services | 28 | -21.3% | -8.1% | -27.7% | CHRN 528321% · APLD 1128% · TSSI 636% |
| Application Software | 124 | -19.1% | -12.3% | -44.0% | VIDA 248900% · INLX 4900% · PLTR 585% |
| Systems Software | 68 | -5.3% | 11.5% | -56.1% | PAYS 427% · QNC 401% · ZETA 343% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| 3D Systems Earnings Notes | 12/16/2025 | |
| Is 3D Systems Stock Built to Withstand More Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 43.65 |
| Mkt Cap | 1.3 |
| Rev LTM | 554 |
| Op Inc LTM | -12 |
| FCF LTM | 16 |
| FCF 3Y Avg | 17 |
| CFO LTM | 37 |
| CFO 3Y Avg | 35 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.6% |
| Rev Chg 3Y Avg | 0.2% |
| Rev Chg Q | 5.1% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | 43.8% |
| Op Inc Chg 3Y Avg | 23.2% |
| Op Mgn LTM | -4.0% |
| Op Mgn 3Y Avg | -3.9% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 6.6% |
| CFO/Rev 3Y Avg | 6.8% |
| FCF/Rev LTM | 2.7% |
| FCF/Rev 3Y Avg | 3.4% |
Price Behavior
| Market Price | $3.32 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 11/05/1990 | |
| Distance from 52W High | -14.4% | |
| 50 Days | 200 Days | |
| DMA Price | $3.07 | $2.54 |
| DMA Trend | up | up |
| Distance from DMA | 8.0% | 30.9% |
| 3M | 1YR | |
| Volatility | 80.3% | 91.0% |
| Downside Capture | 261.21 | 319.47 |
| Upside Capture | 274.78 | 308.12 |
| Correlation (SPY) | 41.2% | 42.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 8.24 | 5.15 | 2.72 | 2.77 | 3.06 | 2.12 |
| Up Beta | 12.29 | 9.68 | 4.97 | 2.63 | 3.00 | 1.78 |
| Down Beta | 9.60 | 2.05 | 0.51 | 2.02 | 2.85 | 1.50 |
| Up Capture | 714% | 481% | 282% | 605% | 904% | 3100% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 10 | 17 | 27 | 61 | 111 | 316 |
| Down Capture | 422% | 348% | 250% | 209% | 181% | 113% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 24 | 36 | 65 | 131 | 405 |
[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 | 62.3% | 91.0% | 0.92 | - |
| Sector ETF (XLK) | 43.1% | 26.2% | 1.33 | 41.6% |
| Equity (SPY) | 21.2% | 12.8% | 1.23 | 42.6% |
| Gold (GLD) | 25.1% | 29.1% | 0.77 | 21.2% |
| Commodities (DBC) | 42.9% | 20.4% | 1.64 | -2.5% |
| Real Estate (VNQ) | 10.7% | 13.6% | 0.50 | 11.3% |
| Bitcoin (BTCUSD) | -31.0% | 43.5% | -0.73 | 25.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DDD | |
|---|---|---|---|---|
| DDD | -35.0% | 79.6% | -0.20 | - |
| Sector ETF (XLK) | 19.8% | 25.9% | 0.68 | 42.2% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 44.1% |
| Gold (GLD) | 19.6% | 18.8% | 0.85 | 10.4% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | 6.8% |
| Real Estate (VNQ) | 2.0% | 18.9% | 0.00 | 32.7% |
| Bitcoin (BTCUSD) | 10.5% | 52.6% | 0.38 | 23.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DDD | |
|---|---|---|---|---|
| DDD | -14.6% | 83.3% | 0.16 | - |
| Sector ETF (XLK) | 24.3% | 25.0% | 0.88 | 36.3% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 37.1% |
| Gold (GLD) | 12.5% | 16.3% | 0.63 | 6.5% |
| Commodities (DBC) | 8.0% | 18.1% | 0.36 | 11.3% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 26.1% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 14.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | 25.8% | 30.0% | 16.3% |
| 5/11/2026 | 23.9% | 12.7% | 15.1% |
| 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% |
| 5/12/2025 | -26.7% | -33.3% | -27.8% |
| 3/26/2025 | -21.0% | -22.8% | -28.7% |
| 11/26/2024 | -13.5% | -18.2% | 0.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 14 |
| # Negative | 14 | 13 | 10 |
| Median Positive | 22.7% | 18.8% | 18.4% |
| Median Negative | -11.3% | -18.2% | -27.7% |
| Max Positive | 35.2% | 39.4% | 128.0% |
| Max Negative | -26.7% | -41.0% | -34.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | 25.8% | 30.0% | 16.3% |
| 5/11/2026 | 23.9% | 12.7% | 15.1% |
| 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% |
| 5/12/2025 | -26.7% | -33.3% | -27.8% |
| 3/26/2025 | -21.0% | -22.8% | -28.7% |
| 11/26/2024 | -13.5% | -18.2% | 0.3% |
| 8/29/2024 | -8.2% | -19.3% | 21.9% |
| 2/28/2024 | -23.1% | -14.9% | -14.9% |
| 11/8/2023 | 2.6% | 10.9% | 40.5% |
| 8/9/2023 | -8.4% | -16.1% | -34.4% |
| 5/9/2023 | -9.0% | -8.3% | 9.2% |
| 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% |
| 3/2/2021 | -19.6% | -41.0% | -32.7% |
| 1/7/2021 | 2.5% | 39.4% | 128.0% |
| 11/6/2020 | -4.6% | 12.7% | 56.1% |
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 14 |
| # Negative | 14 | 13 | 10 |
| Median Positive | 22.7% | 18.8% | 18.4% |
| Median Negative | -11.3% | -18.2% | -27.7% |
| Max Positive | 35.2% | 39.4% | 128.0% |
| Max Negative | -26.7% | -41.0% | -34.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 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 |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/08/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/05/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
Recent Forward Guidance
Updated 8/4/2026Latest: Q2 2026 Earnings Reported 8/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 96.00 Mil | 97.50 Mil | 99.00 Mil | 3.7% | Higher New | Guidance: 94.00 Mil for Q2 2026 | |
| Q3 2026 Adjusted EBITDA | Reported | -3.00 Mil | -2.00 Mil | -1.00 Mil | -33.3% | Higher New | Guidance: -3.00 Mil for Q2 2026 | |
Prior: Q1 2026 Earnings Reported 5/11/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | Reported | 93.00 Mil | 94.00 Mil | 95.00 Mil | 1.6% | Higher New | Actual: 92.50 Mil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA | Reported | -4.00 Mil | -3.00 Mil | -2.00 Mil | -25.0% | Higher New | Actual: -4.00 Mil for Q1 2026 | |
Q4 2025 Earnings Reported 3/9/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | Reported | 91.00 Mil | 92.50 Mil | 94.00 Mil | ||||
| Q1 2026 Adjusted EBITDA | Reported | -5.00 Mil | -4.00 Mil | -3.00 Mil | ||||
| 2026 Aerospace and Defense Revenue Growth | Reported | 20.0% | ||||||
Insider Activity
Updated 8/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Graves, Jeffrey A | President and CEO | Direct | Sell | 8212026 | 3.26 | 115,500 | 376,530 | 4,284,426 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Graves, Jeffrey A | President and CEO | Direct | Sell | 8212026 | 3.26 | 115,500 | 376,530 | 4,284,426 | Form |
3D Systems — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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