# EDGAR Filing Document

**Accession Number:** 0000910638
**File Stem:** 0001628280-26-015798
**Filing Date:** 2026-3
**Character Count:** 40189
**Document Hash:** 1f4053efddd3b250eb0c019e3896206e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-015798.hdr.sgml**: 20260309

**ACCESSION NUMBER**: 0001628280-26-015798

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260309

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260309

**DATE AS OF CHANGE**: 20260309

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 3D SYSTEMS CORP
- **CENTRAL INDEX KEY:** 0000910638
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 954431352
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34220
- **FILM NUMBER:** 26733169

**BUSINESS ADDRESS:**
- **STREET 1:** 333 THREE D SYSTEMS CIRCLE
- **CITY:** ROCK HILL
- **STATE:** SC
- **ZIP:** 29730
- **BUSINESS PHONE:** 8033263900

**MAIL ADDRESS:**
- **STREET 1:** 333 THREE D SYSTEMS CIRCLE
- **CITY:** ROCK HILL
- **STATE:** SC
- **ZIP:** 29730

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 3 D SYSTEMS CORP
- **DATE OF NAME CHANGE:** 19930816

?xml version='1.0' encoding='ASCII'? ddd-20260309

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 8-K** 

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d)** 

**OF THE SECURITIES ACT OF 1934** 

**Date of Report (Date of earliest event reported): March 9, 2026** 

**3D SYSTEMS CORPORATION** 

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-34220** | **95-4431352** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

**333 Three D Systems Circle**

**Rock Hill, South Carolina 29730**

(Address of Principal Executive Offices) (Zip Code)

**(803) 326-3900 (**Registrant's telephone number, including area code)

**N/A**

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common stock, $0.001 per share** | **DDD** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

------

**Item 2.02. Results of Operations and Financial Condition.**

On March 9, 2026, 3D Systems Corporation (the "Company") issued a press release announcing the Company's financial results for the fourth quarter and year ended December 31, 2025 (the "Press Release"). A copy of the Press Release is furnished herewith as Exhibit 99.1 and is incorporated into this Item 2.02 by reference. The information in this Item 2.02 (and in the Press Release) shall not be deemed "filed" with the Securities and Exchange Commission for purposes of the Securities Exchange Act of 1934, as amended, nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| 99.1 | <u>[Press Release issued by 3D Systems Corporation, dated March 9, 2026](a3d2025-12x31earningsrelea.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within Inline XBRL document). |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | 3D SYSTEMS CORPORATION |
| Date: March 9, 2026 | /s/ Phyllis Nordstrom |
| | Phyllis Nordstrom |
| | Interim Chief Financial Officer and Chief Administrative Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1**

**3D Systems Reports Fourth Quarter and Full Year 2025 Financial Results**

**ROCK HILL, South Carolina - March 9, 2026** - <u>3D Systems Corporation</u> (NYSE:DDD) announced today its financial results for the fourth quarter and full year ended December 31, 2025.

• Fourth quarter revenue of $106.3 million grew 16% sequentially, above guidance of 8% to 10% growth, driven by a successful ramp-up of new printer system sales and higher materials consumption

• For full year 2025, the Company delivered double-digit top-line growth in personalized health services and aerospace and defense markets

• Cost reduction and efficiency programs delivered approximately $55 million of annualized cost savings in 2025

• The Company expects to continue its momentum in top-line growth and bottom-line performance in 2026

**Summary of Financial Results**

(Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| ***(in millions, except per share data)*** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| Revenue | $106.3 | $111.0 | $386.9 | $440.1 |
| Gross profit | 32.8 | 34.4 | 131.0 | 164.2 |
| Gross profit margin | 30.8% | 31.0% | 33.9% | 37.3% |
| Operating expense | 55.4 | 64.8 | 227.1 | 441.6 |
| Operating loss | (22.7) | (30.4) | (96.1) | (277.4) |
| Net (loss) income attributable to 3D Systems Corporation | (19.5) | (33.7) | 29.9 | (255.6) |
| Diluted (loss) income per share | (0.15) | (0.25) | 0.19 | (1.94) |
| Non-GAAP measures for year-over-year comparisons | Non-GAAP measures for year-over-year comparisons |  |  |  |
| Non-GAAP gross profit margin | 31.0% | 31.3% | 34.3% | 37.4% |
| Non-GAAP operating expense | 42.5 | 58.4 | 195.6 | 250.3 |
| Adjusted EBITDA | (5.3) | (19.1) | (45.4) | (66.4) |
| Non-GAAP diluted loss per share | $(0.13) | $(0.19) | $(0.37) | $(0.62) |

---

**Summary Comments on Results**

Dr. Jeffrey Graves, President and CEO of 3D Systems said, "We are pleased with our fourth quarter performance, which exceeded our expectations driven by both our Healthcare and Industrial segments. Three markets were particularly noteworthy: med tech, dental, and aerospace and defense, which are rapidly adopting 3D printing as a core manufacturing method. These three markets have been a particular focus for our new product development over the last several years, and we believe offer sustained, growth opportunities over the next decade."

Dr. Graves continued, "Within med tech, our personalized health services business delivered strong double-digit year-over-year growth in the fourth quarter and for the full 2025 fiscal year, and has become the largest segment within our healthcare business. This growth is being fueled by our expansion into the trauma market, enabled by shorter cycle times for surgical planning and execution. In addition, our point-of-care centers, now expanding to even more leading research hospitals, are at the cutting edge of complex orthopedic procedures, in many cases related to oncology treatment. Our ability to offer solutions printed in titanium or medical-grade PEEK is of significant value to surgeons as they work to treat patients and restore their quality of life. Our dental business grew at a strong double-digit rate sequentially, driven by a recovery in the aligner market, as well as the launch of our new denture manufacturing technology. 2026 promises to be a year of continued growth based upon early feedback

from dental labs across the US. In our core aerospace and defense business, we achieved our target of 15% revenue growth for the full year, delivering 16% growth, and are tracking well to our expectation of 20% annual revenue growth in 2026. From a mix standpoint, we reported stronger than expected printer sales in the quarter, which weighed on gross margins, but bodes well for future sales of consumables and services as these printers become operational."

"Our fourth quarter revenue increased 16% sequentially from the third quarter, driven by strengthening printer and materials sales in the period" said Phyllis Nordstrom, Interim Chief Financial Officer of 3D Systems. "During the quarter, we also continued to realize benefits from our cost reduction initiatives, achieving lower operating expenses and a $5.5 million improvement in Adjusted EBITDA compared to the third quarter. We also strengthened our balance sheet by executing an equitization transaction that retired the majority of our outstanding debt scheduled to mature in the fourth quarter of 2026. We remain intensely focused on reducing overall spending, while prioritizing strategic investments that drive growth in our priority markets."

**Fourth Quarter 2025 Results** <sup>1</sup>

Total revenue decreased 4% to $106.3 million compared to the prior year period. After adjusting for the divestiture of Geomagic, total revenue grew 3% year over year.

Healthcare Solutions revenue increased 25% to $50.5 million compared to the prior year period.

Industrial Solutions revenue decreased 21% to $55.8 million compared to the prior year period. Adjusting for Geomagic, revenue decreased 11% year over year.

Gross profit margin decreased to 30.8% compared to 31.0% in the prior year period. Non-GAAP gross profit margin decreased to 31.0% compared to 31.3% in the prior year period. Adjusting for Geomagic, non-GAAP gross profit margin increased to 31.0% from 27.7%.

Net loss attributable to 3D Systems Corporation decreased by $14.2 million to $19.5 million compared to the prior year period. The decrease was primarily related to a gain on disposition and reduction of operating expenses.

Adjusted EBITDA improved by $13.8 million to a loss of $5.3 million compared to the prior year period primarily driven by reductions in operating expense. Adjusting for Geomagic, Adjusted EBITDA improved by $17.1 million compared to the prior year period.

**Full Year 2025 Results** <sup>1</sup>

Total revenue decreased 12% to $386.9 million compared to the prior year period. Adjusting for Geomagic, total revenue declined 7% compared to the prior year period.

Healthcare Solutions revenue decreased 5% to $179.6 million compared to the prior year period.

Industrial Solutions revenue decreased 17% to $207.3 million compared to the prior year period. Adjusting for Geomagic, revenue declined by 9% year over year.

Gross profit margin decreased to 33.9% compared to 37.3% in the prior year period. Non-GAAP gross profit margin decreased to 34.3% compared to 37.4% in the prior year period. Adjusting for Geomagic, non-GAAP gross profit margin decreased by 70 basis points.

Net income attributable to 3D Systems Corporation increased by $285.5 million to $29.9 million compared to the prior year period. The increase was primarily related to the gain on dispositions and reduction of operating expenses and a decrease of asset impairment charges as compared to the prior year period.

Adjusted EBITDA improved by $21.0 million to a loss of $45.4 million compared to the prior year period primarily driven by reductions in operating expense. Adjusting for Geomagic, Adjusted EBITDA improved by $30.8 million.

<sup>1</sup> *Note for purposes of prior year comparisons, the Company recorded a one-time $8.7 million Regenerative Medicine accounting adjustment within the Healthcare Solutions segment in fourth quarter 2024.*

------

**Financial Liquidity** 

At December 31, 2025, the Company had total cash of $97.1 million, which included cash and cash equivalents of $95.6 million and restricted cash of $1.5 million. A total of $3.9 million in principal amount of debt is scheduled to mature in the fourth quarter of 2026, with the remaining $92.0 million principal maturing in 2030.

**First Quarter 2026 Outlook**

**Revenue:** $91 - $94 million

**Adjusted EBITDA:** ($5) million - ($3) million

3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The company is unable to provide a quantitative reconciliation of forward-looking Adjusted EBITDA to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including legal, acquisition expenses, stock-compensation expense, intangible amortization expense, restructuring expenses, and goodwill impairment, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the company's control, and as such, any associated estimate and its impact on GAAP performance could vary materially.

**Fourth Quarter and Full Year 2025 Conference Call and Webcast**

The company will host a conference call and simultaneous webcast to discuss these results on March 9, 2026, which may be accessed as follows:

Date: Monday, March 9, 2026

Time: 8:30 a.m. Eastern Time

Listen via webcast: <u>www.3dsystems.com/investor</u>

Participate via telephone: 877-407-8291 or 201-689-8345

A replay of the webcast will be available approximately two hours after the live presentation at <u>www.3dsystems.com/investor</u>.

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management's beliefs, assumptions and current expectations and may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

**About 3D Systems**

------

**3D SYSTEMS CORPORATION**

**Condensed Consolidated Balance Sheets**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| ***(in thousands, except par value)*** | **December 31, 2025** | **December 31, 2024** |
| **ASSETS** | | |
| **Current assets:** | | |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $95635 | $171324 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net of reserves — $3,608 and $2,433 | 83806 | 101471 |
| &nbsp;&nbsp;&nbsp;Inventories | 127496 | 118530 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 39770 | 34329 |
| &nbsp;&nbsp;&nbsp;Assets held for sale |  | 3176 |
| Total current assets | 346707 | 428830 |
| Property and equipment, net | 49249 | 51044 |
| Intangible assets, net | 16614 | 18020 |
| Goodwill | 15575 | 14879 |
| Operating lease right-of-use assets | 45364 | 50715 |
| Finance lease right-of-use assets | 7774 | 8726 |
| Long-term deferred income tax assets | 2787 | 2063 |
| Other assets | 37658 | 34569 |
| **Total assets** | $521728 | $608846 |
| **LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY** |  |  |
| **Current liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Current portion of long-term debt, net of deferred financing costs | $3944 |  |
| &nbsp;&nbsp;&nbsp;Current operating lease liabilities | 11583 | 9514 |
| &nbsp;&nbsp;&nbsp;Accounts payable | 41017 | 41833 |
| &nbsp;&nbsp;&nbsp;Accrued and other liabilities | 46656 | 45488 |
| &nbsp;&nbsp;&nbsp;Customer deposits and deferred revenue  | 17423 | 32010 |
| &nbsp;&nbsp;&nbsp;Liabilities held for sale |  | 10251 |
| Total current liabilities | 120623 | 139096 |
| Long-term debt, net of deferred financing costs | 86394 | 211995 |
| Long-term operating lease liabilities | 45420 | 52527 |
| Long-term deferred income tax liabilities | 2740 | 2076 |
| Other liabilities | 24000 | 25001 |
| **Total liabilities** | 279177 | 430695 |
| Commitments and contingencies (Note 20) |  |  |
| Redeemable non-controlling interest | 2193 | 1958 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, 5,000 shares authorized; no par value; no shares issued and outstanding as of December 31, 2025 and 2024 |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $0.001 par value, authorized 220,000 shares; shares issued 145,581 and 135,510 as of December 31, 2025 and 2024, respectively | 146 | 136 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 1620399 | 1593366 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (1332360) | (1362243) |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (47827) | (55066) |
| **Total stockholders' equity** | 240358 | 176193 |
| **Total liabilities, redeemable non-controlling interest and stockholders' equity** | $521728 | $608846 |

---

**3D SYSTEMS CORPORATION**

**Condensed Consolidated Statements of Operations**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| ***(in thousands, except per share amounts)*** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| **Revenue:** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Products | $62570 | $70426 | $223405 | $279178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Services | 43705 | 40598 | 163497 | 160943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue | 106275 | 111024 | 386902 | 440121 |
| **Cost of sales:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Products | 45397 | 46288 | 151145 | 175859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Services | 28103 | 30291 | 104712 | 100084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cost of sales | 73500 | 76579 | 255857 | 275943 |
| **Gross profit** | 32775 | 34445 | 131045 | 164178 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative | 42707 | 43360 | 161331 | 210132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development | 11968 | 20219 | 65037 | 86479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairment charges | 760 | 1234 | 760 | 144967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 55435 | 64813 | 227128 | 441578 |
| **Loss from operations** | (22660) | (30368) | (96083) | (277400) |
| Non-operating income (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange gain (loss), net | 1466 | 3226 | 3637 | 2452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income | 502 | 1502 | 3956 | 7302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense | (1960) | (620) | (5162) | (2564) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on disposition | 13909 |  | 139590 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income (loss), net | (3681) | (1505) | 3654 | 20214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-operating income | 10236 | 2603 | 145675 | 27404 |
| **Net income (loss) before income taxes** | (12424) | (27765) | 49592 | (249996) |
| Provision for income taxes | (5812) | (4689) | (14871) | (2193) |
| Loss on equity method investment, net of income taxes | (1278) | (1001) | (4838) | (3404) |
| **Net income (loss) before redeemable non-controlling interest** | (19514) | (33455) | 29883 | (255593) |
| Less: net loss attributable to redeemable non-controlling interest |  | 252 |  |  |
| **Net income (loss) attributable to 3D Systems Corporation** | $(19514) | $(33707) | $29883 | $(255593) |
| **Net income (loss) per common share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | $(0.15) | $(0.25) | $0.23 | $(1.94) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | $(0.15) | $(0.25) | $0.19 | $(1.94) |
| **Weighted average shares outstanding:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 125986 | 132576 | 129159 | 131861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 125986 | 132576 | 175514 | 131861 |

---

**3D SYSTEMS CORPORATION**

**Condensed Consolidated Statements of Cash Flows**

**(Unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Year Ended** | **Year Ended** |
| ***(in thousands)*** | **December 31, 2025** | **December 31, 2024** |
| **OPERATING ACTIVITIES** | | |
| Net income (loss) before redeemable non-controlling interest | $29883 | $(255593) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile income (loss) to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 21511 | 33310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accretion of debt discount | 1463 | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 9525 | 18457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash operating lease expense | 9974 | 9871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for inventory obsolescence and revaluation | 8201 | 12360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for bad debts | 1810 | 506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss on the disposition of businesses, property, equipment and other assets | (138569) | 2795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on debt extinguishment | (5484) | (21518) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefit for deferred income taxes and reserve adjustments | (685) | (952) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on equity method investment | 4838 | 3404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairment charges | 760 | 144967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating accounts: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 18423 | (6376) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (14440) | 15766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 698 | 7049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (3472) | (5812) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue and customer deposits | (8421) | 3602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued and other liabilities | (4518) | (6187) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All other operating activities | (19325) | (1914) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash used in operating activities** | (87828) | (44887) |
| **INVESTING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment | (9944) | (16121) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale of assets and businesses, net of cash sold | 122681 | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisitions and other investments, net of cash acquired | (3933) | (3000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other investing activities | 186 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash provided by (used in) investing activities** | 108990 | (19025) |
| **FINANCING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from borrowings | 92030 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt issuance and amendment costs | (6132) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayment of borrowings and long-term debt | (169987) | (87218) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock repurchases | (14960) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes paid related to net-share settlement of equity awards | (1025) | (2662) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financing activities | (1593) | (1385) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash used in financing activities** | (101667) | (91265) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 4724 | (5053) |
| **Net decrease in cash, cash equivalents and restricted cash** | (75781) | (160230) |
| **Cash, cash equivalents and restricted cash at the beginning of the year**  | 172881 | 333111 |
| **Cash, cash equivalents and restricted cash at the end of the year**  | $97100 | $172881 |

---

**3D SYSTEMS CORPORATION**

**Segment Information**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| ***(in millions)*** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| **Revenue:** | | | | |
| Healthcare Solutions | $50.5 | $40.4 | $179.6 | $189.7 |
| Industrial Solutions | 55.8 | 70.7 | 207.3 | 250.4 |
| &nbsp;&nbsp;Total | $106.3 | $111.0 | $386.9 | $440.1 |

---

**3D SYSTEMS CORPORATION**

**Reconciliations of GAAP to Non-GAAP Measures**

**Presentation of Information in this Press Release**

3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP diluted income (loss) per share, non-GAAP operating expense and Adjusted EBITDA. These non-GAAP measures exclude certain items that management does not view as part of 3D Systems' core results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide meaningful information regarding the comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems' non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated in the same manner as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP.

To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amortization of intangible assets, a non-cash expense, as 3D Systems' intangible assets were primarily acquired in connection with business combinations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs incurred in connection with acquisitions and divestitures, such as legal, consulting and advisory fees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• stock-based compensation expenses, a non-cash expense;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• charges related to restructuring and cost optimization plans, impairment charges, including goodwill, and divestiture gains or losses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of Geomagic for pre-divestiture periods in 2024; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs, including legal fees, related to significant or unusual litigation matters.

Amortization of intangibles and acquisition and divestiture-related costs are excluded from non-GAAP measures as the timing and magnitude of business combination transactions are not predictable, can vary significantly from period to period and the purchase price allocated to amortizable intangible assets and the related amortization period are unique to each acquisition. Amortization of intangible assets will recur in future periods until such intangible assets have been fully amortized. While intangible assets contribute to the company's revenue generation, the amortization of intangible assets does not directly relate to the sale of the company's products or services. Additionally, intangible assets amortization expense typically fluctuates based on the size and timing of the company's acquisition activity. Accordingly, the company believes excluding the amortization of intangible assets enhances the company's and investors' ability to compare the company's past financial performance with its current performance and to analyze underlying business performance and trends. Although stock-based compensation is a key incentive offered to certain of our employees, the expense is non-cash in nature, and we continue to evaluate our business performance excluding stock-based compensation; therefore, it is excluded from non-GAAP measures. Stock-based compensation expenses will recur in future periods. Charges related to restructuring and cost optimization plans, impairment charges, including goodwill, divestiture gains or losses, and the costs, including legal fees, related to significant or unusual litigation matters are excluded from non-GAAP measures as the frequency and magnitude of these activities may vary widely from period to period. Additionally, impairment charges, including goodwill, are non-cash. Furthermore, the company believes the costs, including legal fees, related to significant or unusual litigation matters are not indicative of our core business' operations. Finally, 3D Systems excludes contingent consideration recorded as compensation expense related to the 2021 Volumetric acquisition from non-GAAP measures as management evaluates financial performance excluding this expense, which is viewed by management as similar to acquisition consideration.

The matters discussed above are tax effected, as applicable, in calculating non-GAAP diluted income (loss) per share.

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Adjusted EBITDA, defined as net income, plus income tax (provision) benefit, interest and other income (expense), net, stock-based compensation expense, amortization of intangible assets, depreciation expense, and other non-GAAP adjustments, all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period.

Furthermore, in this press release, 3D Systems reports certain non-GAAP financial measures further adjusted to remove the operating activity related to Geomagic, which the company divested on April 1, 2025, for $119.4 million in cash, for periods non comparable on a year over year basis. The company believes excluding non-comparable periods allows it to include the operating activity related to Geomagic only to the extent that results are comparable year over year.

A reconciliation of GAAP to non-GAAP financial measures is provided in the accompanying schedules.

Certain columns may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in thousands.

3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The company is unable to provide a quantitative reconciliation of forward-looking non-GAAP gross profit margin, Adjusted EBITDA, and non-GAAP operating expense to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including litigation costs, acquisition expenses, stock-based compensation expense, intangible assets amortization expense, restructuring expenses, and goodwill impairment charges, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the company's control, and as such, any associated estimate and its impact on GAAP performance could vary materially.

**Adjusted Revenue (unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| ***(in millions)*** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| Revenue | $106.3 | $111.0 | $386.9 | $440.1 |
| &nbsp;&nbsp;Geomagic |  | (7.7) |  | (22.1) |
| Adjusted revenue (Non-GAAP) | $106.3 | $103.3 | $386.9 | $418.0 |

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**Non-GAAP Gross Profit and Gross Profit Margin (unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| ***(in millions)*** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** |
| | **Gross Profit** | **Gross Profit Margin** <sup>(1)</sup> | **Gross Profit** | **Gross Profit Margin** <sup>(1)</sup> |
| Gross profit (GAAP) | $32.8 | 30.8% | $34.4 | 31.0% |
| &nbsp;&nbsp;&nbsp;Amortization expense | 0.2 | 0.2% | 0.2 | 0.2% |
| &nbsp;&nbsp;&nbsp;Restructuring expense |  | —% | 0.1 | 0.1% |
| Gross profit (Non-GAAP) | $33.0 | 31.0% | $34.7 | 31.3% |
| &nbsp;&nbsp;&nbsp;Geomagic |  | —% | (6.0) | (3.6)% |
| Gross profit excluding Geomagic (Non-GAAP) | $33.0 | 31.0% | $28.7 | 27.7% |

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<sup>(1)</sup> Calculated as non-GAAP gross profit as a percentage of total revenue.

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
| ***(in millions)*** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** |
| | **Gross Profit** | **Gross Profit Margin** <sup>(1)</sup> | **Gross Profit** | **Gross Profit Margin** <sup>(1)</sup> |
| Gross profit (GAAP) | $131.0 | 33.9% | $164.2 | 37.3% |
| &nbsp;&nbsp;&nbsp;Amortization expense | 0.8 | 0.2% | 1.0 | 0.2% |
| &nbsp;&nbsp;&nbsp;Restructuring expense | 1.0 | 0.3% | (0.4) | (0.1)% |
| Gross profit (Non-GAAP) | $132.9 | 34.3% | $164.8 | 37.4% |
| &nbsp;&nbsp;&nbsp;Geomagic |  | —% | (18.3) | (2.4)% |
| Gross profit excluding Geomagic (Non-GAAP) | $132.9 | 34.3% | $146.5 | 35.0% |

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<sup>(1)</sup> Calculated as non-GAAP gross profit as a percentage of total revenue.

**Non-GAAP Operating Expense (unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| ***(in millions)*** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| Operating expense (GAAP) | $55.4 | $64.8 | $227.1 | $441.6 |
| Amortization expense | (0.7) | (0.8) | (3.0) | (13.3) |
| Stock-based compensation expense | (7.7) | (1.1) | (9.5) | (18.4) |
| Acquisition and divestiture-related expense | (0.1) | (1.4) | (1.3) | (2.2) |
| Legal and other expense | (3.1) | (1.8) | (9.5) | (11.0) |
| Restructuring expense | (0.5) | (0.1) | (7.5) | (1.4) |
| Asset impairment charges | (0.8) | (1.2) | (0.8) | (145.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP operating expense | $42.5 | $58.4 | $195.6 | $250.3 |

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**Net (Loss) Income Attributable to 3D Systems Corporation to Adjusted EBITDA (unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| ***(in millions)*** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| **Net (loss) income attributable to 3D Systems Corporation (GAAP)** | $**(19.5)** | $**(33.7)** | $**29.9** | $**(255.6)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income (expense), net | 1.5 | (0.9) | 1.2 | (4.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision (benefit) for income taxes | 5.8 | 4.7 | 14.9 | 2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation expense | 4.2 | 4.5 | 17.4 | 19.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization expense | 0.9 | 1.0 | 3.8 | 14.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EBITDA (Non-GAAP) | (7.0) | (24.4) | 67.2 | (224.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 7.7 | 1.1 | 9.5 | 18.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition and divestiture-related expense | 0.1 | 1.4 | 1.3 | 2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Legal and other expense | 3.1 | 2.2 | 9.5 | 11.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring expense | 0.5 | (0.2) | 8.5 | 0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss attributable to redeemable non-controlling interest |  | 0.3 |  | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on equity method investment, net of tax | 1.3 | 1.0 | 4.8 | 3.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset impairment charges | 0.8 | 1.2 | 0.8 | 145.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on repurchase of debt | 2.7 |  | (5.5) | (21.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on disposition | (13.9) |  | (139.6) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other non-operating income | (0.5) | (1.7) | (1.8) | (1.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Adjusted EBITDA (Non-GAAP)** | $**(5.3)** | $**(19.1)** | $**(45.4)** | $**(66.4)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Geomagic |  | (3.3) |  | (9.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted EBITDA excluding Geomagic | (5.3) | (22.4) | (45.4) | (76.2) |

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**Diluted (Loss) Income per Share (unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| ***(in dollars)*** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| Diluted (loss) income per share (GAAP) | $(0.15) | $(0.25) | $0.19 | $(1.94) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization expense | 0.01 | 0.01 | 0.02 | 0.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 0.06 | 0.01 | 0.05 | 0.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition and divestiture-related expense |  | 0.01 | 0.01 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;Legal and other expense | 0.02 | 0.02 | 0.05 | 0.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring expense |  |  | 0.05 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset impairment charges | 0.01 | 0.01 |  | 1.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on repurchase of debt | 0.02 |  | (0.03) | (0.16) |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on disposition | (0.11) |  | (0.80) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on equity method investment and other | 0.01 | 0.01 | 0.03 | 0.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax effect of the adjustments reflected above |  |  | 0.05 |  |
| Non-GAAP diluted loss per share | $(0.13) | $(0.19) | $(0.37) | $(0.62) |

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