10-K · February 20, 2026
Proto Labs (PRLB) positions itself as a technology‑enabled digital manufacturer combining in‑house factories and a global partner Network to serve prototyping through low‑volume production. The 10‑K shows modest…
Earnings analysis · 10-Q
PRLB earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
Proto Labs reported Q1 2026 results with revenues of $139.3 million, exceeding expectations of $135.1 million, but EPS at $0.33 fell short of the expected $0.37. The company showed strong year-over-year growth driven…
Read full summary
Proto Labs reported Q1 2026 results with revenues of $139.3 million, exceeding expectations of $135.1 million, but EPS at $0.33 fell short of the expected $0.37. The company showed strong year-over-year growth driven primarily by a 19.7% increase in CNC Machining revenue, despite a decrease in unique customer contacts served.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.33
- Segment
- CNC Machining
- Segment
- Injection Molding
- Segment
- 3D Printing
- Segment
- Sheet Metal
What stood out
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Strong Revenue Growth
Revenues increased by $13.1 million or 10.4% YoY to $139.3 million.
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CNC Machining Performance
CNC Machining revenue grew by 19.7%, contributing significantly to overall revenue growth.
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Improved Gross Margin
Gross margin improved to 45.6% from 44.1% YoY.
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Net Income Rise
Net income surged by 125.4% to $8.1 million from $3.6 million YoY.
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Efficiency in Customer Contact
Despite revenue growth, unique customer contacts fell by 8.3%, indicating a focus on larger clients.
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Positive Operating Cash Flow
Cash provided by operating activities was $17.5 million.
What to watch
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Falling Unique Customer Contacts
Unique customer contacts decreased by 8.3%, potentially indicating reduced demand among smaller clients.
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Increased Operating Expenses
Operating expenses rose by 5.1%, contributing to pressure on future margins.
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Currency Exposure Risks
Foreign currency fluctuations impacted revenue; a vast portion of operations could be subject to exchange rate risks.
Management's outlook
For Q2 2026, revenue guidance is set at $140.0 - $148.0 million and EPS at $0.29 - $0.37.
Earlier filings 4
10-Q · July 31, 2025
Proto Labs reported Q2 2025 revenue of $135,063,000, up 7.5% year-over-year, driven by a 12.4% increase in U.S. revenue and strong CNC Machining growth. Gross margin compressed to 44.3% from 45.0% and operating income…
10-K · February 21, 2025
The 10-K emphasizes Proto Labs’ scale and technology-led positioning — the company has manufactured over 617 million parts and analyzed over 16 million unique part designs since inception — and the expansion of its…
10-Q · November 7, 2024
Proto Labs reported revenue of $125.619M for the quarter ended September 30, 2024, down $5.086M (3.9%) versus Q3 2023, with gross margin slightly improving to 45.6% from 45.4% while operating margin compressed to 6.8%…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.