3D Systems Corporation
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
The auditor withheld its opinion on internal control over financial reporting as of December 31, 2025 — two material weaknesses persist, one of them in the revenue process — while a formal SEC investigation has been running since April 2022 and a securities class action since June 2025. At the same time operating cash flow stayed negative for the third year running (2025: minus $87.8 million), while the only reported annual profit of $29.9 million came entirely from a $139.6 million book gain on divested subsidiaries. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
At 3D Systems a low price-to-earnings ratio and a loss-making business sit in the same data set — because the reported 2025 net income of $29.9 million comes from a $139.6 million book gain on sold software units, while the business lost $96.1 million at the operating line and burned $87.8 million of cash. The turnaround progress is real (an operating loss of just $6.6 million in the first quarter of 2026) but it was paid for with halved research, 22.6 percent fewer employees and 16.4 million new shares at a 15.5 percent discount. On top of that sits an auditor who considers internal control over financial reporting ineffective as of December 31, 2025. Not investment advice.
Quality of earnings
The only annual profit in years — $29.9 million for 2025 — rests on a "gain on disposition" line of $139.6 million from selling the software units. The operating result was negative $96.1 million and operations consumed $87.8 million of cash, more than in 2024 ($44.9 million) or 2023 ($80.7 million).
Turnaround progress
The operating loss shrank from $406.0 million (2023) through $277.4 million (2024) to $96.1 million (2025), and to $6.6 million in the first quarter of 2026; the net loss in that quarter fell from $37.0 million to $4.4 million. Gross margin rose to 35.9 percent and Healthcare Solutions grew 21.3 percent to $50.1 million (each Q1 2026 versus the prior-year quarter).
Price of the progress
The improvement was paid for out of substance: research halved to $9.6 million in the first quarter of 2026 (down 51.0 percent), selling and administrative expense cut 37.0 percent, headcount down 22.6 percent to 1,418 within a year, and the software division sold. On top of that, $2.6 million of the quarterly result came from a dilution book gain at the NAMI joint venture and $2.6 million from currency effects.
Dilution & financing
On May 14, 2026 shareholders doubled authorized capital to 440 million shares; on June 3, 2026 the company placed 16,393,443 new shares at $3.05 — 15.5 percent below the $3.61 price stated on the same prospectus. Shares outstanding rose to 162,450,658, and the 2030 convertible note at $2.24 could arithmetically create another 41.0 million.
Governance & controls
Deloitte & Touche declined to certify internal control over financial reporting as of December 31, 2025; two material weaknesses persist, one of them in the revenue process. A formal SEC investigation has run since April 15, 2022, a securities class action since June 13, 2025, alongside eight stayed shareholder derivative suits.
Balance sheet & liquidity
As of March 31, 2026, $85.1 million of cash and $234.3 million of equity faced only $96.0 million of financial debt, with roughly $46.2 million of net proceeds arriving in June 2026. The 2030 note covenant — at least $20.0 million of qualified cash — was halved from $40.0 million in December 2025 in exchange for $1.8 million paid to the noteholders.
Worth Noting
3D Systems did not reach our research list through a scanner hit — a live query on July 27, 2026 returned an empty scanner list for the ticker DDD, and those lists are recalculated daily. The hooks were the chain of capital measures in the EDGAR stream (confidential shelf registration on April 17, doubling of authorized capital on May 14, offering on June 3, 2026) and the contradiction between a 5.8 price-to-earnings ratio and an operating margin of minus 6.7 percent (data as of July 27, 2026).
Valuation is deliberately anchored on the filings rather than on the data feed: 162,450,658 shares after the offering, valued at the $3.05 offering price and at the $3.61 documented market price (both June 3, 2026), give roughly $495 million to $586 million of market value. The market capitalization from fundamental data deviates from that by more than a fifth and is therefore not used as an anchor here; the share count itself matches the filings.
Easy to confuse: the "gain on disposition" line of $139.6 million appears only in 2025 and stems from the sale of Geomagic (to Hexagon AB) plus 3DXpert and Oqton (to Hubb Global Holdings) — it is not recurring income. Trailing earnings per share of $0.44, on which the low P/E rests, therefore cannot be extrapolated; analyst estimates for the current and the coming year are negative.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at DDD since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 1.80 $ to 3.90 $ · Last price: 3.50 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Computer Hardware
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| 3D Systems Corporation DDD | 0.6 | 8.0 | 4.7 | 33.8 | – | -12.1 | 58.0 |
| Dell Technologies Inc DELL | 365.2 | 44.0 | 20.2 | 19.9 | 8.9 | 18.8 | 357.2 |
| Sandisk Corp SNDK | 276.8 | 55.8 | 17.7 | 71.5 | 70.0 | 10.4 | 1,618.0 |
| Arista Networks ANET | 270.3 | 67.4 | 51.4 | 63.0 | 42.7 | 28.6 | 39.7 |
| Seagate Technology PLC STX | 182.0 | 56.2 | 43.1 | 45.6 | 43.1 | 34.1 | 274.0 |
| Western Digital Corporation WDC | 159.6 | 22.4 | 15.4 | 48.9 | 37.0 | 50.7 | 320.7 |
| Everpure, Inc. P | 34.6 | 162.4 | 72.5 | 69.7 | -18.5 | 15.6 | 21.2 |
| HP Inc HPQ | 31.6 | 13.2 | 8.8 | 19.7 | 7.1 | 3.2 | 30.6 |
| Super Micro Computer Inc SMCI | 27.8 | 20.0 | 9.6 | 10.8 | 6.1 | 47.0 | -10.1 |
| Median of companies shown | 159.6 | 44.0 | 17.7 | 45.6 | 22.9 | 18.8 | 58.0 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 633 | -38 | -38 | -0.35 | 57 | 630 | 849 |
| 2017 | 646 | -54 | -66 | -0.59 | 26 | 619 | 897 |
| 2018 | 688 | -43 | -46 | -0.41 | 5 | 578 | 826 |
| 2019 | 636 | -57 | -70 | -0.61 | 32 | 522 | 807 |
| 2020 | 557 | -119 | -150 | -1.27 | -20 | 431 | 733 |
| 2021 | 616 | -33 | 322 | 2.55 | 48 | 842 | 1,549 |
| 2022 | 538 | -117 | -123 | -0.96 | -70 | 750 | 1,447 |
| 2023 | 488 | -102 | -370 | -2.85 | -81 | 421 | 980 |
| 2024 | 440 | -277 | -256 | -1.94 | -45 | 176 | 609 |
| 2025 | 387 | -95 | 30 | 0.24 | -88 | 240 | 522 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.25 | – | 111 | -3.30 | -30.40 | -8 | -13 |
| 2025: Q1 | -0.28 | – | 95 | -8.10 | -39.10 | -34 | -37 |
| 2025: Q2 | 0.57 | – | 95 | -16.30 | 110.10 | -26 | -29 |
| 2025: Q3 | -0.14 | – | 91 | -19.20 | -19.80 | -14 | -16 |
| 2025: Q4 | -0.15 | – | 106 | -4.30 | -18.40 | -15 | -17 |
| 2026: Q1 | -0.03 | – | 96 | 1.10 | -4.60 | -7 | -9 |
| 2026: Q2 | -0.09 | -115.80 | 95 | -0.20 | -13.60 | -7 | -11 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 10 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
- Gary Antonacci: Dual Momentum (Stock Adaptation)
- High ADR (≥5%)
- Richard Moglen: Top Performers 3/6 Month
- Stan Weinstein: Stage 2
Research
Risk & Weakness
Value & GARP
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.14 | -0.18 – -0.11 | 393 | 62.2% | 4 |
| 12/31/2027 | -0.13 | -0.16 – -0.10 | 411 | 10.7% | 4 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
3D Systems setzt künstliche Intelligenz und maschinelles Lernen laut Geschäftsbericht (10-K) 2025 in der eigenen proprietären Drucker-Software 3D Sprint ein, die 3D-Inhaltsdaten aufbereitet und den additiven Fertigungsprozess steuert; im 10-K 2024 wird derselbe Einsatz für die Softwareplattformen 3D Sprint, 3DXpert und Oqton beschrieben. Eine KI-Umsatzquelle weisen die Berichte nicht aus — im Gegenteil: die beiden KI-nächsten Plattformen 3DXpert und Oqton wurden am 31. Oktober 2025 an Hubb Global Holdings verkauft. Damit liegt operativer KI-Einsatz vor, aber kein KI-Geschäftsmodell.
View the full file — quotes, sources, reviewed filings
„3D Sprint uses artificial intelligence and machine learning, user-friendly interfaces, and automated setup processes. This proprietary software prepares and optimizes 3D content data and manages the additive manufacturing process for our polymer 3D printing technologies."
„3D Sprint nutzt künstliche Intelligenz und maschinelles Lernen, benutzerfreundliche Oberflächen und automatisierte Einrichtungsprozesse. Diese proprietäre Software bereitet 3D-Inhaltsdaten auf, optimiert sie und steuert den additiven Fertigungsprozess für unsere Polymer-3D-Drucktechnologien.“
10-K · 2026-03-09 · View SEC filing
„Through these platforms, the Company will continue to offer software solutions for design, build preparation simulation, automation of repetitive tasks, inspection, preparing and optimizing CAD and polygon data, increasingly leveraging the power of artificial intelligence and machine learning to drive efficiency, improved workflows, higher productivity, repeatability, and quality."
„Über diese Plattformen wird das Unternehmen weiterhin Softwarelösungen für Konstruktion, Bauvorbereitungs-Simulation, Automatisierung wiederkehrender Aufgaben, Prüfung sowie Aufbereitung und Optimierung von CAD- und Polygondaten anbieten und dabei zunehmend die Kraft von künstlicher Intelligenz und maschinellem Lernen nutzen, um Effizienz, verbesserte Arbeitsabläufe, höhere Produktivität, Wiederholgenauigkeit und Qualität zu erreichen.“
10-K · 2025-03-27 · View SEC filing
Filings Reviewed: 10-Q 2026-05-11 · 10-Q 2025-11-04 · 10-Q 2025-08-11 · 10-Q 2025-05-12 · 10-K 2026-03-09 · 10-K 2025-03-27
Rated on July 27, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -10.4%
- More than 10% revenue growth is expected for the coming year 4.2%
- Share count grows by less than 3% a year -0.6%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -37.4%
- Gross margin at 40% or higher and without meaningful erosion 33.9%
- Goodwill from acquisitions does not grow faster than revenue 3.0%
- Net debt below twice EBITDA 0.8 x EBITDA
- Operating cash flow covers the profits of the last three years 383 m
- Return on capital at 15% or higher, or up versus two years ago -23.8%
- Insiders hold at least 10% or are net buyers 3.0%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
0/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% -5.3%
- Exp. sales growth 3Y > 5% 3.0%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 3.0%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% 14.4%
- ROCE > 15% -23.8%
- Expected return > 10% -14.6%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Wright Andrew William Banasick | SVP, GC & Secretary | Other | 5,818 | 3.38 | 19,665 |
| Sep 8, 2026 | Zuiker Joseph R. | EVP, Engineering & Operations | Other | 6,689 | 3.38 | 22,609 |
| Sep 8, 2026 | Nordstrom Phyllis B | EVP, CFO and CAO | Other | 39,517 | 3.38 | 133,567 |
| Sep 8, 2026 | Nordstrom Phyllis B | EVP, CFO and CAO | Other | 7,879 | 3.38 | 26,631 |
| Sep 8, 2026 | Graves Jeffrey A | President and CEO | Other | 39,959 | 3.38 | 135,061 |
| Sep 8, 2026 | Puthenveetil Reji | EVP, Additive Solutions & CCO | Other | 15,984 | 3.38 | 54,026 |
| Sep 8, 2026 | Hull Charles W | EVP & Chief Technology Officer | Other | 4,943 | 3.38 | 16,707 |
| Aug 20, 2026 | Graves Jeffrey A | President and CEO | Sell | 115,500 | 3.26 | 376,530 |
The company
About the Company
3D Systems Corporation provides 3D printing and digital manufacturing solutions in North and South America, Europe, the Middle East, Africa, the Asia Pacific, and Oceania. The company operates through two segments, Healthcare Solutions and Industrial Solutions.
- Employees
- 1,418
- Headquarters
- Rock Hill, SC
- Address
- 333 Three D Systems Circle, 29730 Rock Hill, United States
- Phone
- 803 326 3900
- Website
- 3dsystems.com
- IPO Date
- 11/05/1990
- ISIN
- US88554D2053
- Stock Split
- 3:2 on 02/25/2013
- Stock Split
- 2:1 on 05/19/2011
- Stock Split
- 1:3 on 05/24/1995
Management
| Name | Title | Birth Year |
|---|---|---|
| Jeffrey Alan Graves Ph.D. | President, CEO & Director | 1961 |
| Charles W. Hull | Co-Founder, Executive VP, CTO of Regenerative Medicine & Director Emeritus | 1940 |
| Phyllis B. Nordstrom | Executive VP, CFO & Chief Administrative Officer | 1979 |
| Joseph Zuiker | Executive Vice President of Engineering & Operations | 1965 |
| Reji Puthenveetil | Executive VP of Additive Solutions & Chief Commercial Officer | 1969 |
| Andrew William-Banasick Wright J.D. | Senior VP of General Counsel & Corporate Secretary | 1970 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/04/2026 3D SYSTEMS CORP (DDD): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/03/2026 3D SYSTEMS CORP (DDD): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.