Earnings analysis · 10-Q
NNDM earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Nano Dimension's Q1 2026 results showed a significant increase in revenue to $29.7 million, up 106% from $14.4 million in the previous year, primarily driven by the acquisition of Markforged. However, the company faced…
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Nano Dimension's Q1 2026 results showed a significant increase in revenue to $29.7 million, up 106% from $14.4 million in the previous year, primarily driven by the acquisition of Markforged. However, the company faced a substantial net loss of $69.7 million, which includes a $40.4 million goodwill impairment and the cancellation of annual guidance amidst ongoing operational challenges.
Reported figures
- Earnings per share
- $-0.16
- Gross margin
- 40.7%
What stood out
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Revenue Growth of 106% YoY
Total revenue surged to $29.7 million in Q1 2026, up $15.3 million from $14.4 million in Q1 2025.
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Gross Profit Increased
Gross profit improved to $12.1 million from $5.8 million year-over-year.
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Cash Position Remains Strong
Cash and cash equivalents stood at $439.8 million as of March 31, 2026.
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Lower Sales in Legacy Products
Nano legacy product lines dropped in sales due to adverse market conditions.
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Subsidiary Cost Savings Initiatives
Restructuring costs rose due to actions aimed at reducing cash burn by approximately $10 million.
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One-Time Litigation Cost Drop
Litigation expenses related to Desktop Metal totaled $28.1 million in Q1 2025 and did not recur in Q1 2026.
What to watch
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Significant Net Loss
The company reported a net loss of $69.7 million for Q1 2026, up from $25.5 million in Q1 2025.
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Suspension of Financial Guidance
Nano Dimension has suspended its full year financial guidance amid strategic evaluations.
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High Impairment Losses
Goodwill impairment increased by $39.2 million due to the Markforged product line, totaling $40.4 million.
Management's outlook
Full year 2026 financial guidance suspended.
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.