Nano Dimension (NNDM) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue reached $29.7 million, up 106% year-over-year, primarily driven by the Markforged acquisition, which contributed $17.1 million.

• Net loss widened to $69.7 million, including a $40.4 million goodwill impairment related to Markforged, compared to a $25.5 million loss a year ago.

• Adjusted EBITDA loss was $12.5 million, up from $10.1 million in Q1 2025.

• Strategic plan underway: operational streamlining, product line monetization, and evaluation of strategic alternatives, including potential mergers and asset sales.

• The company continues to invest in R&D and sales/marketing, expecting ongoing operating losses in the near term.

Financial highlights

• Product revenue was $22.9 million and service revenue $6.8 million for Q1 2026.

• Gross profit was $15.3 million, with gross margin at 40.8% and adjusted gross margin at 45.9%.

• Operating loss increased to $64.5 million from $41.9 million year-over-year.

• Cash and equivalents at quarter-end were $441.6 million, with total liquidity (including deposits and securities) of $439.8 million.

• Standalone revenue (excluding Markforged) was $12.6 million, down 12% year-over-year due to tariffs and divestments.

Outlook and guidance

• Full-year 2026 financial guidance withdrawn due to ongoing strategic actions and potential for significant business changes.

• Management expects continued operating losses and negative cash flows as investments in R&D and sales/marketing persist.

• Current resources are expected to meet business needs for at least the next 12 months and into 2027.

• Additional product line monetization announcements expected in the coming weeks.