Nano Dimension Posts Third-Quarter Revenue of $31.9 Million, Up 18.7%
Key Facts
Nano Dimension said on November 5, 2026, that revenue was $31.9 million in the third quarter ended September 30, up 18.7% year over year from $26.9 million. Sales growth came alongside an improvement in gross margin and a smaller adjusted EBITDA loss, while net loss from continuing operations increased. The results reflect two contrasting trends at the company: revenue expansion and improvement in some operating measures, alongside ongoing and widening losses on a net income basis. The company said revenue growth excluding Markforged was faster than overall growth. It also said it was suspending its full-year 2026 financial guidance amid its strategic plan and the possibility of further changes to its business.
Markforged contributed revenue of $18.6 million, an increase of $1.1 million from the year-earlier period. Excluding Markforged, revenue rose 41.6% to $13.3 million, according to Nano Dimension. The company said the growth came mainly from the performance of its Essemtec product line. It said strong demand for Essemtec products was concentrated in AI-related electronics manufacturing, as well as the aerospace and defense sectors. The growth was partly offset by a $1.4 million decline in revenue following the sale of the AME product line. These components show that the overall increase combined expansion in some businesses with changes to the product portfolio.
GAAP gross margin rose to 45.3% in the third quarter from 30.3% a year earlier. The company attributed the improvement to the non-recurrence of non-cash expenses incurred in the third quarter of 2025, the sale of the AME product line and margin-improvement initiatives. It said higher cost of revenue offset some of those positive factors. On expenses, non-GAAP operating expenses fell 16.5% sequentially to $19.8 million. Nano Dimension linked the decline to the AME sale, cost-cutting initiatives and spending discipline. The reduction is part of efforts to reshape the cost base as the company continues its strategic actions.
Net loss from continuing operations was $38.7 million, compared with a loss of $29.5 million in the third quarter of 2025. By contrast, adjusted EBITDA loss from continuing operations narrowed to $4.8 million from $16.6 million a year earlier. The comparison highlights the different directions of the two profitability measures: the net loss widened, while adjusted EBITDA improved. The company statement did not provide a detailed explanation for the wider net loss in the available information. The quarter's performance therefore needs to be viewed by weighing revenue growth, improved margins and lower expenses against the continuing-operations loss. The board appointed Moshe Rozenbaum as chief executive effective November 3, after he had served in the role on an interim basis since July 21.
Cash, deposits, restricted deposits and marketable investment securities totaled $396.9 million on September 30, 2026, compared with $433.3 million on June 30. During the quarter, the company repurchased about 7.0 million ordinary shares for about $11.1 million under a $150 million repurchase authorization. After the quarter ended, it bought about 5.9 million additional shares for about $8.6 million. These transactions put capital returns to shareholders alongside the liquidity balance the company reported at the end of September. In its second-quarter results, the company said its strategic actions were expected to reduce its annual cash burn rate by about $25 million. Management also identified cost cuts, monetizing non-core assets and pursuing positive cash flow as priorities at the time.
Nano Dimension expected to complete the sale of Markforged to Stratasys in the fourth quarter of 2026 for a stated value of $42.5 million, subject to customary closing conditions and regulatory approvals. The deal remains an anticipated development in the reshaping of the company's portfolio, as it suspends its financial guidance for the year while implementing its strategic plan and considering possible further business changes. The company did not hold a conference call to discuss its third-quarter results. In the market, NNDM shares closed at $1.32 on November 4 and then at $1.25 on November 5, the day the results were announced. Second-quarter results provide context for comparison: revenue then was $29.0 million, up 12.1% year over year, and the company said orders worth about $3.0 million were not reflected in that quarter's revenue because of production timing, with execution expected in the third quarter.