10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$102M2023-12-31 → 2025-12-31
EPS$-1.362023-12-31 → 2025-12-31
Free Cash Flow$-71M2025-12-31 → 2025-12-31
Net margin-286.3%2025-12-31 → 2025-12-31
Valuation & Ratios07–12
Valuation
P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
NNDM
5Y avg
Peer Median
Verdict
P/E
-1.1
·
·
·
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability
Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
NNDM
5Y avg
Peer Median
Verdict
Gross Margin
33.5%
·
·
·
Operating Margin
-137.0%
·
·
·
EBITDA Margin
-137.0%
·
·
·
Pretax Margin
-105.0%
·
·
·
Net Profit Margin
-286.3%
·
·
·
ROA
-38.1%
·
·
·
ROE
-41.5%
·
·
·
ROIC
-23.7%
·
·
·
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NNDM
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
10.7
·
·
·
Quick Ratio
4.4
·
·
·
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NNDM
5Y avg
Peer Median
Verdict
Revenue YoY
77.3%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
NNDM
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-1.365Y avg ≈$-0.68
≈$-0.68
·
·
Revenue / Share
$474.81
·
·
·
Cash Flow / Share
$-325.70
·
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NNDM
5Y avg
Peer Median
Verdict
Asset Turnover
0.1
·
·
·
Inventory Turnover
2.7
·
·
·
Receivables Turnover
5.8
·
·
·
Revenue / Employee
≈$218.9K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Next ReportNov 17, 2026
Period
Report
EPS Actual
EPS Est
Surprise
March 31, 2026
$-0.34
—
—
Sept. 30, 2025
$-0.09
—
—
June 30, 2025
$-0.01
—
—
March 31, 2024
$-0.15
—
—
Dec. 31, 2022
$-0.34
—
—
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement15
Metric
Trend
2025
2024
Revenue
$102M
$58M
Cost of Revenue
$68M
$33M
Gross Profit
$34M
$25M
R&D Expense
$30M
$40M
SG&A Expense
$60M
$46M
Operating Expenses
$1M
$0
Operating Income
$-140M
$-90M
Pretax Income
$-108M
$-99M
Income Tax
$-7M
$397.0K
Net Income
$-293M
$-99M
EPS (Basic)
$-1.36
$-0.45
EPS (Diluted)
$-1.36
$-0.45
Shares (Basic)
215,742
218,311
Shares (Diluted)
215,742
218,311
EBITDA
$-140M
·
Balance Sheet22
Metric
Trend
2025
2024
Cash & Equivalents
$205M
$317M
Receivables
$26M
$9M
Inventory
$33M
$17M
Other Current Assets
$9M
$5M
Current Assets
$526M
$789M
PP&E (Net)
$25M
$14M
PP&E (Gross)
$60M
$39M
Accum. Depreciation
$36M
$25M
Goodwill
$40M
$0
Intangibles
$19M
$2M
Total Assets
$638M
$903M
Accounts Payable
$12M
$4M
Accrued Liabilities
$20M
$19M
Current Liabilities
$52M
$30M
Capital Leases
$23M
$7M
Total Liabilities
$86M
$42M
Common Stock
$417M
$409M
Paid-in Capital
$1.30B
$1.30B
Treasury Stock
$193M
$168M
AOCI
$1M
$-1M
Stockholders' Equity
$552M
$861M
Liabilities + Equity
$638M
$903M
Cash Flow8
Metric
Trend
2025
2024
D&A
$20M
$3M
Deferred Tax
$-7M
$0
Amort. of Intangibles
$3M
$80.0K
Restructuring
$8M
$0
Operating Cash Flow
$-70M
$-19M
CapEx
$1M
$2M
Taxes Paid
$115.0K
$314.0K
Free Cash Flow
$-71M
·
Profitability8
Metric
Trend
2025
2024
Gross Margin
33.5%
·
Operating Margin
-137.0%
·
Net Margin
-286.3%
·
Pretax Margin
-105.0%
·
EBITDA Margin
-137.0%
·
ROA
-38.1%
·
ROE
-41.5%
·
ROIC
-23.7%
·
Liquidity & Solvency2
Metric
Trend
2025
2024
Current Ratio
10.0
·
Quick Ratio
4.4
·
Efficiency3
Metric
Trend
2025
2024
Asset Turnover
0.1
·
Inventory Turnover
2.7
·
Receivables Turnover
5.8
·
Per Share3
Metric
Trend
2025
2024
Revenue / Share
$474.81
·
Cash Flow / Share
$-325.70
·
EPS (TTM)
$-1.36
·
Growth Rates1
Metric
Trend
2025
2024
Revenue YoY
77.3%
2.6%
Valuation (TTM)4
Metric
Trend
2025
2024
Revenue TTM
$102M
·
Net Income TTM
$-293M
·
P/E
-1.1
·
Earnings Yield
-88.3%
·
Income Statement15
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Revenue
$29M
$30M
·
$26M
$14M
Cost of Revenue
$16M
$18M
·
$19M
$9M
Gross Profit
$13M
$12M
·
$7M
$6M
R&D Expense
$6M
$8M
·
$8M
$6M
SG&A Expense
$13M
$15M
·
$22M
$6M
Operating Expenses
$193.0K
$494.0K
·
$330.0K
$0
Operating Income
$-21M
$-64M
·
$-42M
$-42M
Pretax Income
$-7M
$-70M
·
$-11M
$-26M
Income Tax
$150.0K
$0
·
$76.0K
$23.0K
Net Income
$-7M
$-70M
·
$-181M
$-25M
EPS (Basic)
$-0.03
$-0.34
·
$-0.83
$-0.12
EPS (Diluted)
$-0.03
$-0.34
·
$-0.83
$-0.12
Shares (Basic)
209,342
207,504
·
217,338
216,462
Shares (Diluted)
209,342
207,504
·
217,338
216,462
EBITDA
$-21M
$-64M
·
·
·
Balance Sheet22
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Cash & Equivalents
$349M
$355M
$205M
·
·
Receivables
$23M
$23M
$26M
·
·
Inventory
$28M
$32M
$33M
·
·
Other Current Assets
$13M
$11M
$9M
·
·
Current Assets
$497M
$505M
$526M
·
·
PP&E (Net)
$20M
$24M
$25M
·
·
PP&E (Gross)
$39M
$61M
$60M
·
·
Accum. Depreciation
$19M
$37M
$36M
·
·
Goodwill
$0
$0
$40M
·
·
Intangibles
$17M
$18M
$19M
·
·
Total Assets
$557M
$573M
$638M
·
·
Accounts Payable
$10M
$13M
$12M
·
·
Accrued Liabilities
$19M
$21M
$20M
·
·
Current Liabilities
$47M
$56M
$52M
·
·
Capital Leases
$20M
$22M
$23M
·
·
Total Liabilities
$75M
$88M
$86M
·
·
Common Stock
$423M
$419M
$417M
·
·
Paid-in Capital
$1.30B
$1.30B
$1.30B
·
·
Treasury Stock
$193M
$193M
$193M
·
·
AOCI
$2M
$1M
$1M
·
·
Stockholders' Equity
$481M
$485M
$552M
·
·
Liabilities + Equity
$557M
$573M
$638M
·
·
Cash Flow9
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
D&A
$2M
$4M
·
$8M
$574.0K
Amort. of Intangibles
$761.0K
$1M
·
$786.0K
$80.0K
Restructuring
$7M
$3M
·
$4M
$1M
Operating Cash Flow
$-24M
$-7M
·
$-43M
$-7M
CapEx
$46.0K
$167.0K
·
$166.0K
$295.0K
Investing Cash Flow
·
$157M
·
·
$177M
Financing Cash Flow
·
$-41.0K
·
·
$-35.0K
Taxes Paid
$0
$0
·
$-12.0K
$60.0K
Free Cash Flow
·
$-7M
·
·
·
Profitability8
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Gross Margin
45.9%
40.8%
·
·
·
Operating Margin
-71.0%
-217.0%
·
·
·
Net Margin
-23.5%
-234.4%
·
·
·
Pretax Margin
-23.0%
-234.4%
·
·
·
EBITDA Margin
-71.0%
-217.0%
·
·
·
ROA
-2.4%
-24.3%
·
·
·
ROE
-2.8%
-28.7%
·
·
·
ROIC
-4.4%
-13.3%
·
·
·
Liquidity & Solvency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Current Ratio
10.7
9.0
·
·
·
Quick Ratio
8.0
6.7
·
·
·
Efficiency3
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Asset Turnover
0.1
0.1
·
·
·
Inventory Turnover
1.1
1.1
·
·
·
Receivables Turnover
2.5
2.6
·
·
·
Per Share2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Revenue / Share
$138.35
$143.25
·
·
·
Cash Flow / Share
·
$-34.12
·
·
·
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
Revenue
$102M
$58M
$56M
Gross Margin %
33.5%
·
·
Operating Margin %
-137.0%
·
·
Net Income
$-293M
$-99M
$-56M
Diluted EPS
$-1.36
$-0.45
$-0.23
Metric
2025-12-31
2024-12-31
2023-12-31
Current Ratio
10.0
·
·
Quick Ratio
4.4
·
·
Metric
2025-12-31
2024-12-31
2023-12-31
Free Cash Flow
$-71M
·
·
Institutional owners (13F)
123 filers
· $111.8M total
· As of Sept. 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders123
Value held$111.8M
New positions23
Exited positions21
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
23 (+7 vs prior Q)
21 (+2 vs prior Q)
29 (+7 vs prior Q)
27 (-11 vs prior Q)
+16.2M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
7 insiders
· 2 officers · 6 directors