Stratasys
SSYSNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $6.56 Prior regular-session close from the quote source.
- $6.47–$6.73 Regular-session low and high so far today.
- 813.8K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $6.08–$12.24 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own SSYS if Stratasys is a turnaround bet on polymer additive manufacturing becoming a recurring, higher-margin installed-base business rather than a chronically subscale 3D-printer hardware vendor.
SSYS price history
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Investment thesis
What must happen next
Stratasys’ installed base must continue pulling through proprietary materials, service, and workflow revenue, because that is the path from cyclical printer sales to defensible gross profit.HoldingMateriality: High
FY2025 GAAP gross profit was $227.3 million on $551.1 million of revenue, implying a still-material gross margin despite weaker sales. If this holds, the business can earn recurring margin even in uneven equipment cycles; if it breaks, Stratasys is mostly a low-visibility hardware seller.
Watch: Industrial customers adopt open-material systems that weaken Stratasys’ consumables attachment and pricing power.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP gross profit was $227.3 million on $551.1 million of revenue, implying a still-material gross margin despite weaker sales.
Open source ↗Industrial additive-manufacturing adoption must resume strongly enough for Stratasys to sell systems for production and engineering workflows without relying on discounting.WeakeningMateriality: High
FY2025 GAAP revenue was still $551.1 million, showing Stratasys retains a meaningful commercial base. Revenue stabilization is the demand proof that Stratasys remains relevant to customers’ manufacturing workflows rather than being a postponed capital-equipment purchase.
Watch: Manufacturers keep using CNC machining, injection molding, or outsourced service bureaus instead of buying Stratasys systems for production.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP revenue was still $551.1 million, showing Stratasys retains a meaningful commercial base.
Open source ↗Management must convert Stratasys’ gross profit base into operating leverage by controlling R&D, sales, and overhead without starving product competitiveness.HoldingMateriality: Medium
FY2025 GAAP operating loss improved to $72.5 million from a $85.7 million loss in FY2024. Owners only benefit if gross profit becomes operating profit; otherwise the company can remain strategically relevant while destroying value.
Watch: Stratasys has to raise sales incentives or discount pricing to defend share, preventing gross profit from covering the fixed cost base.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP operating loss improved to $72.5 million from a $85.7 million loss in FY2024.
Open source ↗The balance sheet must give Stratasys enough runway to pursue the additive-manufacturing recovery without distressed financing or value-destructive dealmaking.StrengtheningMateriality: Medium
Cash was $94.5 million at FY2025 year-end, up from $70.2 million at FY2024 year-end. A liquidity cushion lets shareholders wait for adoption and restructuring to work; cash burn or dilution would transfer upside away from current owners.
Watch: A renewed downturn in system demand causes sustained cash burn before operating leverage arrives.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Cash was $94.5 million at FY2025 year-end, up from $70.2 million at FY2024 year-end.
Open source ↗Positive operating cash flow must prove that the business model can self-fund while GAAP profitability is being repaired, not merely reflect temporary working-capital timing.StrengtheningMateriality: Medium
FY2025 GAAP operating cash flow was positive $15.1 million. If cash conversion is real, Stratasys has a credible bridge to profitability; if it is temporary, losses will again pressure liquidity and valuation.
Watch: Channel inventory builds or customer financing concessions pull forward shipments while delaying cash collection.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP operating cash flow was positive $15.1 million.
Open source ↗
Full investment case & evidence
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Original research
Stratasys’ installed base must continue pulling through proprietary materials, service, and workflow revenue, because that is the path from cyclical printer sales to defensible gross profit. If this holds, the business can earn recurring margin even in uneven equipment cycles; if it breaks, Stratasys is mostly a low-visibility hardware seller.
Industrial additive-manufacturing adoption must resume strongly enough for Stratasys to sell systems for production and engineering workflows without relying on discounting. Revenue stabilization is the demand proof that Stratasys remains relevant to customers’ manufacturing workflows rather than being a postponed capital-equipment purchase.
Management must convert Stratasys’ gross profit base into operating leverage by controlling R&D, sales, and overhead without starving product competitiveness. Owners only benefit if gross profit becomes operating profit; otherwise the company can remain strategically relevant while destroying value.
The balance sheet must give Stratasys enough runway to pursue the additive-manufacturing recovery without distressed financing or value-destructive dealmaking. A liquidity cushion lets shareholders wait for adoption and restructuring to work; cash burn or dilution would transfer upside away from current owners.
Positive operating cash flow must prove that the business model can self-fund while GAAP profitability is being repaired, not merely reflect temporary working-capital timing. If cash conversion is real, Stratasys has a credible bridge to profitability; if it is temporary, losses will again pressure liquidity and valuation.
All standing thesis claims
Original report summary
Stratasys is a turnaround bet on polymer additive manufacturing becoming a recurring, higher-margin installed-base business rather than a chronically subscale 3D-printer hardware vendor.
Bull case and bear case
Bull case and bear case for Stratasys
Where the evidence on Stratasys disagrees: Mixed on the latest evidence (Nov 7, 2026). Of its 5 thesis points, 2 strengthening, 2 holding and 1 weakening.
Bull case: what the evidence supports
Stratasys’ installed base must continue pulling through proprietary materials, service, and workflow revenue, because that is the path from cyclical printer sales to defensible gross profit.
Management must convert Stratasys’ gross profit base into operating leverage by controlling R&D, sales, and overhead without starving product competitiveness.
The balance sheet must give Stratasys enough runway to pursue the additive-manufacturing recovery without distressed financing or value-destructive dealmaking.
Positive operating cash flow must prove that the business model can self-fund while GAAP profitability is being repaired, not merely reflect temporary working-capital timing.
Bear case: what the evidence questions
Industrial additive-manufacturing adoption must resume strongly enough for Stratasys to sell systems for production and engineering workflows without relying on discounting.
Thesis-Break Engine
Thesis-break watch · Stratasys
Loading the break-condition record for Stratasys.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedForeign issuer material report (6-K).
Stratasys filed an SEC report on 2026-10-07: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
- MixedForeign issuer material report (6-K).
Stratasys filed an SEC report on 2026-10-05: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
- MixedForeign issuer material report (6-K).
Stratasys filed an SEC report on 2026-08-13: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Industrial customers adopt open-material systems that weaken Stratasys’ consumables attachment and pricing power.
- Manufacturers keep using CNC machining, injection molding, or outsourced service bureaus instead of buying Stratasys systems for production.
- Stratasys has to raise sales incentives or discount pricing to defend share, preventing gross profit from covering the fixed cost base.
- A renewed downturn in system demand causes sustained cash burn before operating leverage arrives.
- Channel inventory builds or customer financing concessions pull forward shipments while delaying cash collection.
SSYS news
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Financial statements
SSYS income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
SSYS: quick answers
- Have members of Congress traded SSYS?
- 22 trades in SSYS have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed SSYS trade
- Which well-known investors own SSYS?
- 1 of the 37 well-known funds tracked here reported SSYS shares in their latest 13F filing. By share of the fund's portfolio: ARK Investment Management (Cathie Wood), 0.0%. Fund portfolios
SSYS in well-known investors’ portfolios
1 of 37 funds reported SSYS shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Cathie WoodARK Investment Management | 0.03% | $4.4M | +23.0% | Q2 2026 |