NNDM earnings analysis
What we found in NNDM's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- Gross Profit Increased
- Gross profit improved to $12.1 million from $5.8 million year-over-year.
- Cash Position Remains Strong
- Cash and cash equivalents stood at $439.8 million as of March 31, 2026.
- Lower Sales in Legacy Products
- Nano legacy product lines dropped in sales due to adverse market conditions.
- Subsidiary Cost Savings Initiatives
- Restructuring costs rose due to actions aimed at reducing cash burn by approximately $10 million.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Net Loss
- The company reported a net loss of $69.7 million for Q1 2026, up from $25.5 million in Q1 2025.
- Suspension of Financial Guidance
- Nano Dimension has suspended its full year financial guidance amid strategic evaluations.
- High Impairment Losses
- Goodwill impairment increased by $39.2 million due to the Markforged product line, totaling $40.4 million.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.16
- Gross margin
- 40.7%
What they said about what is next.
Full year 2026 financial guidance suspended.
The filing reads worse than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
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