Nano Dimension Announces Financial Results for the First Quarter 2026

View all news 05/07/2026 Recent Strategic Actions Expected to Reduce Annualized Cash Burn by Approximately $10 million Company Executing Three Phase Plan to Maximize Shareholder Value in 2026 and Beyond Full Year 2026 Guidance Suspended as Strategic Alternatives Process Accelerates WALTHAM, Mass., May 07, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leader in digital manufacturing solutions, today announced financial results for the first quarter ended March 31, 2026. First Quarter 2026 Results: Revenue: $29.7 million, a 106% increase from $14.4 million year-over-yearGross Margin (“GM”): 40.8%, up from 40.6% year-over-yearAdjusted Gross Margin (“Adjusted GM”): 45.9%, up from 43.3% year-over-yearAdjusted EBITDA loss: $12.5 million, up from a loss of $10.1 million year-over-yearNet Loss: $69.7 million, inclusive of $40.4 million of impairment, up from a loss of $25.5 million year-over-yearTotal cash, cash equivalents, deposits, restricted deposits and marketable equity securities: $441.6 million as of March 31, 2026, down from $459.6 million as of December 31, 2025. Adjusted EBITDA and Adjusted Gross Margin are non-GAAP financial measures. More information, including a reconciliation of Adjusted EBITDA and Adjusted Gross Margin to the most directly comparable GAAP financial measure can be found below in this press release under “Non-GAAP Financial Measures” and “Reconciliation of US GAAP to Non-GAAP Measures.” Recent Developments: Three Phase Strategic Plan Execution: The Company is executing a defined three phase plan to maximize shareholder value in 2026 and beyond, with each phase already underway. Phase One is focused on streamlining operations and reducing cash burn through efficiency initiatives and disciplined cost management. Phase Two is centered on monetization of product lines to simplify the business and strengthen the balance sheet, including the announced sale of its additively manufactured electronics (“AME”) and Fabrica product lines. Phase Three is focused on evaluating strategic alternatives to maximize long term shareholder value and selecting the most compelling path forward, which remains under review. David Stehlin, Chief Executive Officer, commented, “The three phases of our strategic plan continue to advance in parallel as we accelerate toward increasing shareholder value. We are streamlining operations, monetizing our product lines, and progressing toward potentially selecting a compelling opportunity in the coming months. We have completed the sale of our AME and Fabrica product lines and expect to announce additional product line monetization in the coming weeks. Together, these actions are expected to reduce complexity, lower annualized cash burn, and further strengthen our financial flexibility. Phase 3 is advancing quickly. After receiving numerous inbound opportunities, we have significantly narrowed our focus and are now reviewing a short list of highly attractive strategic alternatives, which we believe have the potential to deliver significant long term value creation in 2026 and beyond.” Sale of AME and Fabrica Product Lines: On April 6, 2026, Nano Dimension announced the sale of its AME product line and its previously discontinued Fabrica product lines to Inspira Technologies OXY B.H.N. Ltd. for total consideration of up to $12.5 million, including a $2.0 million upfront cash payment and up to $10.5 million in performance-based deferred payments over the next twelve months. This transaction supports the Company’s efforts to streamline operations and lower its cost structure. The Company expects this transaction to reduce annualized cash burn by approximately $10 million. 2026 Financial Guidance Update Given the Company’s ongoing actions under its defined strategic plan and the potential for additional changes across the business, the Company has suspended its full year 2026 financial guidance at this time. This decision reflects the range of outcomes currently being implemented and evaluated, including the timing and scope of potential monetization actions that could materially impact future results. Conference Call Today Nano Dimension will host a conference call today at 4:30 p.m. ET to discuss its financial results for the first quarter ended March 31, 2026. Participants can pre-register for the conference call in order to receive dial in information via this link: https://dpregister.com/sreg/10208731/103e987e1a7 Participants can also dial-in/connect by following the below: Listen in via U.S. dial-in: 1-844-695-5517 Listen via international dial-in: 1-412-902-6751 Listen via Israel toll free: 1-80-9212373 Listen via webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ZaodVpNh For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at https://investors.nano-di.com/events-and-presentations. About Nano Dimension Ltd. Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit https://www.nano-di.com/. Non-GAAP Financial Measures EBITDA is a non-GAAP measure and is defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization. We believe that EBITDA should be useful in evaluating the performance of our business and operations. EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting interest expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively) and EBITDA is useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to the items mentioned above. Adjusted EBITDA and operating expenses are non-GAAP measures and are defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization, share-based compensation expense, exchange rate differences, finance expenses (income) for revaluation of assets and liabilities, Desktop Metal litigation related expenses, Desktop Metal and Markforged transaction related expenses, restructuring costs, impact of deconsolidation, impairment losses, litigation settlements and step-up amortization from purchase accounting. We believe that Adjusted EBITDA and operating expenses, as described above, should also be useful in evaluating the performance of our business. Like EBITDA, Adjusted EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting other financial expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively), as well as from share-based payments, restructuring costs, impairment losses, and step-up amortization from purchase accounting. Adjusted EBITDA and operating expenses are useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to non-cash items, such as expenses related to share-based payments. Adjusted gross profit, excluding depreciation and amortization, share-based compensation expenses, and step-up amortization from purchase accounting, is a non-GAAP measure. We believe that adjusted gross profit, as described above, should also be useful in evaluating the performance of our business. Adjusted gross profit facilitates gross profit and gross margin comparisons from period to period and company to company by backing out potential differences caused by variations in amortization of inventory and intangible assets. Adjusted gross profit is useful to an investor in evaluating our performance because it enables investors, securities analysts and other interested parties to measure a company’s performance without regard to non-cash items, such as amortization expenses. Adjusted gross margin is calculated by dividing the adjusted gross profit by the revenues. EBITDA and Adjusted EBITDA, Adjusted gross profit and non-GAAP operating expenses can be useful in evaluating our performance by eliminating the effect of financing and non-cash expenses such as share-based payments, however, we may incur such expenses in the future, which could impact future results. In addition, other companies, including companies in our industry, may calculate non-GAAP metrics differently or not at all, which may reduce the usefulness of this measure as a tool for comparison. Nano Dimension does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain significant items. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results for the relevant period. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding Nano’s future growth, strategic plan and value to shareholders; the Company’s expectation that the phases of the strategic plan will increase shareholder value, streamline operations, monetize product lines and progress toward potentially selecting a compelling opportunity; the Company’s expectations that it will announce additional product line monetization in the coming weeks; the Company’s expectations in the success of future strategic alternatives in reducing complexity, lowering annualized cash burn, strengthening the Company’s financial flexibility and delivering significant long term value creation in 2026 and beyond; and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2026, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication. Contacts: Investors: Purva Sanariya Director, Investor Relations [email protected] Media: Samuel Manning Principal Manager, External Communications [email protected] NANO DIMENSION LTD. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) (Unaudited) March 31, December 31, 2026 2025 Assets Current assets: Cash and cash equivalents $355,278 $204,672 Bank deposits 8,781 168,997 Marketable equity securities 75,719 84,154 Restricted bank deposits 594 123 Trade receivables, net of allowance for doubtful accounts ($939 and $861, respectively) 22,700 26,047 Inventory 31,703 32,878 Other current assets 10,622 8,938 Total current assets 505,397 525,809 Restricted bank deposits 1,254 1,610 Property, plant and equipment, net 23,621 24,840 Operating lease right-of-use assets 22,487 23,789 Deferred tax assets 424 424 Goodwill — 40,388 Intangible assets, net 18,313 19,434 Other assets 1,711 1,930 Total assets $573,207 $638,224 Liabilities and Equity Current liabilities: Trade payables $12,974 $11,999 Accrued liabilities 21,083 19,514 Deferred revenue 13,250 11,873 Current portion of lease liability 8,604 8,923 Current portion of bank loan 156 158 Total current liabilities 56,067 52,467 Employee benefits 3,666 3,697 Operating lease right-of-use liabilities 21,563 23,323 Bank loan 117 158 Long-term settlement payable 3,124 2,974 Long-term deferred revenue 3,226 3,617 Total liabilities 87,763 86,236 Commitments and contingencies Equity: Share capital of NIS 5 par value each; 500,000,000 ordinary shares authorized; 207,986,287 and 206,811,875 shares outstanding as of March 31, 2026 and December 31, 2025, respectively, and 280,480,934 and 279,306,522 shares issued as of March 31, 2026 and December 31, 2025, respectively. 418,969 417,084 Additional paid-in capital 1,298,363 1,297,323 Treasury stock (192,507) (192,507)Accumulated other comprehensive income 1,241 1,048 Accumulated loss (1,040,622) (970,960)Total equity 485,444 551,988 Total liabilities and equity $573,207 $638,224 NANO DIMENSION LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three months ended March 31, 2026(1) 2025 Revenue: Product $22,931 $11,679 Service 6,794 2,722 Total revenue 29,725 14,401 Cost of revenue: Product 14,222 7,081 Service 3,376 1,479 Total cost of revenue 17,598 8,560 Gross profit 12,127 5,841 Operating expenses: Research and development 8,204 5,944 Sales and marketing 9,692 5,644 General and administrative 15,209 5,667 Restructuring 3,127 1,180 Desktop Metal litigation — 28,069 Impairment losses 40,388 1,229 Operating loss (64,493) (41,892)(Loss) gain on investment in marketable equity securities (8,435) 8,726 Finance income 3,512 9,320 Finance expense (246) (1,679)Loss before income taxes (69,662) (25,525)Income tax expense — (23)Net loss (69,662) (25,548)Less: Net loss attributable to non-controlling interests — (236)Net loss attributable to common shareholders $(69,662) $(25,312) Net loss attributable to common shareholders: Basic and diluted $(0.34) $(0.12) Weighted average common shares outstanding, basic and diluted 207,504 216,462 Net loss $(69,662) $(25,548)Other comprehensive income: Foreign currency translation adjustment 193 593 Comprehensive loss (69,469) (24,955)Less: Comprehensive loss attributable to non-controlling interests — (224)Comprehensive loss attributable to common shareholders $(69,469) $(24,731) (1) The results for the three months ended March 31, 2026 include the consolidation of Markforged revenue of $17.1 million, gross profit of $6.0 million, and GAAP net loss of $50.1 million.NANO DIMENSION LTD. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) For the Three Months Ended March 31, 2026 2025 Cash flow from operating activities Net loss $(69,662) $(25,548)Adjustments: Depreciation, amortization and non-cash lease interest 3,701 574 Impairment losses 40,388 1,229 Changes in fair value of equity securities 8,435 (8,726)Share-based compensation expense 2,925 (786)Changes in assets and liabilities: (Increase) decrease in inventory 425 340 (Increase) in other current assets (1,500) (371)Decrease (increase) in trade receivables 3,258 (2,881)Increase (decrease)in other payables 1,609 (4,026)(Decrease) increase in employee benefits (20) 38 Increase in trade payables 1,019 26,362 Other 2,343 6,316 Net cash used in operating activities (7,079) (7,479)Cash flow relating to investing activities Change in bank deposits 157,651 177,395 Purchase of property plant and equipment (167) (295)Net cash from investing activities 157,484 177,100 Cash flow relating to financing activities Repayment long-term bank debt (41) (35)Net cash used in financing activities (41) (35)Increase in cash, cash equivalents and restricted cash 150,364 169,586 Effect of exchange rate fluctuations on cash 357 204 Cash, cash equivalents and restricted cash at beginning of the period 206,405 318,474 Cash, cash equivalents and restricted cash at end of the period $357,126 $488,264 Supplemental disclosures of cash flow information Cash and cash equivalents $355,278 487,438 Restricted cash in restricted deposits, current 594 60 Restricted cash in restricted deposits, non-current 1,254 766 Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows $357,126 $488,264 Non-cash operating and investing activity Lease liabilities arising from obtaining right-of-use assets — 119 Supplemental disclosure of cash flow information Income taxes paid during the year — 60 NANO DIMENSION LTD. RECONCILIATION OF US GAAP TO NON-GAAP MEASURES (In thousands) (Unaudited) ​Three Months Ended March 31, ​2026 2025 GAAP Net loss​$(69,662) $(25,548)Tax expense​ — 23 Depreciation and amortization 2,432 574 Interest expense 221 — Interest income (3,652) (9,309)Non-GAAP EBITDA (loss) (70,661) (34,260)Finance expenses (income) from revaluation of assets and liabilities 8,434 (8,726)Exchange rate differences 140 1,639 Share-based payments expense 2,925 (786)Desktop Metal litigation related expenses — 28,069 Desktop Metal and Markforged transaction related expenses 556 1,515 Restructuring costs 3,127 1,180 Impairment losses 40,388 1,229 Acquisition inventory step-up amortization 616 — Litigation, settlements, and contingencies 1,951 — Non-GAAP Adjusted EBITDA​$(12,524) $(10,140) ​Three Months Ended March 31, Non-GAAP Cost of Revenue​2026 2025 GAAP Cost of revenue​$17,598 $8,560 Share-based payments expense​ 158 246 Depreciation and amortization 739 142 Acquisition inventory step-up amortization 616 — Non-GAAP Cost of revenue $16,085 $8,172 ​Three Months Ended March 31, Non-GAAP Gross Profit​2026 2025 GAAP Gross profit​$12,127 $5,841 Share-based payments expense​ 158 246 Depreciation and amortization 739 142 Acquisition inventory step-up amortization 616 — Non-GAAP Gross profit $13,640 $6,229 ​Three Months Ended March 31, Non-GAAP Research and Development Expenses​2026 2025 GAAP Research and development expenses​$8,204 $5,944 Share-based payments expense​ 478 69 Depreciation and amortization 404 209 Non-GAAP Research and development expenses $7,322 $5,666 ​Three Months Ended March 31, Non-GAAP Sales and Marketing Expenses​2026 2025 GAAP Sales and marketing expenses​$9,692 $5,644 Share-based payments expense​ 200 323 Depreciation and amortization 904 43 Non-GAAP Sales and marketing expenses $8,588 $5,278 ​Three Months Ended March 31, Non-GAAP General and Administrative Expenses​2026 2025 GAAP General and administrative expenses​$15,209 $5,667 Share-based payments expense​ 2,089 (1,424)Depreciation and amortization 386 180 Desktop Metal and Markforged transaction related expenses 556 1,515 Litigation, settlements, and contingencies 1,951 — Non-GAAP General and administrative expenses $10,227 $5,396 ​Three Months Ended March 31, Non-GAAP Operating Loss​2026 2025 GAAP Operating loss​$(64,493) $(41,892)Share-based payments expense​ 2,925 (786)Depreciation and amortization 2,433 574 Desktop Metal litigation related expenses — 28,069 Desktop Metal and Markforged transaction related expenses 556 1,515 Restructuring costs 3,127 1,180 Impairment losses 40,388 1,229 Acquisition inventory step-up amortization 616 — Litigation, settlements, and contingencies 1,951 — Non-GAAP Operating loss $(12,497) $(10,111) Source: Nano Dimension View all news