Financial report disclosed for Q2 of 2025 by Nano Dimension
In a recent announcement, Nano Dimension Ltd. has shared its financial results for the second quarter ended June 30, 2025, and revealed the appointment of a new Chief Executive Officer (CEO).
David Stehlin, currently serving as the CEO, will take on his new role on September 8, 2025. Stehlin brings a wealth of experience to the table, having previously held leadership positions in various industries.
The company's financial report highlights a shift in its financial position. Total Cash, cash equivalents, deposits, and investable securities as of June 30, 2025, were $551.0 million, a significant decrease from $840.4 million as of March 31, 2025. This reduction is primarily due to the Desktop Metal, Inc. acquisition, which was completed on April 2, 2025, and was recorded as 'assets held for sale' on the condensed consolidated balance sheet as of June 30, 2025.
The acquisition incurred an impairment of the Desktop Metal asset group of $139.4 million and a loss from operations for the period of acquisition through June 30, 2025, of $30.4 million.
Despite these challenges, the company continues to deliver advanced Digital Manufacturing technologies to various industries. These technologies enable rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices.
The consolidated results for Q2 2025 include the financial position and performance of Markforged Holding Corporation from April 25, 2025, following the company's full consolidation of the Markforged business as of that date.
Markforged revenue for the quarter was $16.1 million, gross profit was $3.4 million, and GAAP net loss was $10.3 million. The second quarter 2025 gross margin was 27.3%, a significant decrease from the 44.7% recorded in the same quarter last year.
On a positive note, the company's total revenue for Q2 2025 was $25.8 million, a 72.4% increase from $15.0 million in Q2 2024. The second quarter 2025 adjusted gross margin was 44.7%, down from 46.1% year-over-year.
The company has also successfully transitioned its financial reporting from IFRS to US GAAP. As of August 31, 2025, the company's total Cash, cash equivalents, deposits, and investable securities, including Markforged, totaled over $520 million.
EBITDA, Adjusted EBITDA, and Adjusted gross profit are non-GAAP measures that can be useful in evaluating a company's performance by eliminating the effect of financing and non-cash expenses such as share-based payments. However, it's important to note that the company may incur such expenses in the future, which could impact future results.
The second quarter 2025 EBITDA loss was $16.7 million, a slight increase from a loss of $14.6 million year-over-year. The Adjusted EBITDA loss was $16.7 million, also an increase from a loss of $14.6 million year-over-year.
Adjusted gross profit, another non-GAAP measure, is useful to an investor in evaluating a company's performance because it enables them to measure a company's performance without regard to non-cash items such as amortization expenses.
A formal review has been initiated to explore strategic alternatives aimed at maximizing shareholder value. Nano Dimension will host a conference call to discuss its financial results on September 17, 2025.
It's important to note that the press release contains forward-looking statements, which involve known and unknown risks and uncertainties that may cause the company's actual results to be materially different from those expressed or implied in the forward-looking statements.
For a full understanding of the company's financial position and performance, the company has provided a reconciliation of US GAAP to non-GAAP measures in the press release. Other companies, including companies in the same industry, may calculate non-GAAP metrics differently or not at all, which may reduce the usefulness of these measures as a tool for comparison.
