Proto Labs (PRLB) financial statements
Proto Labs reported revenue of $533M in fiscal 2025, up 6.7% a year over 9 years.
Net income was $21M and the operating margin 4.7%, against 20.7% in 2016.
Free cash flow was $60M, and the company returned $43M in net buybacks.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Proto Labs's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $298M | $344M | $446M | $459M | $434M | $488M | $488M | $504M | $501M | $533M |
| Cost of revenue | $131M | $151M | $207M | $223M | $217M | $265M | $273M | $282M | $278M | $296M |
| Gross profit | $167M | $194M | $239M | $235M | $218M | $223M | $215M | $222M | $223M | $237M |
| Research and development | $22M | $24M | $29M | $33M | $37M | $44M | $38M | $40M | $41M | $43M |
| Selling, general and admin | $83M | $98M | $121M | $123M | $121M | $138M | $150M | $153M | $156M | $168M |
| Operating income | $62M | $72M | $89M | $80M | $60M | $40M | -$98M | $28M | $20M | $25M |
| Pre-tax income | $64M | $74M | $92M | $81M | $63M | $40M | -$98M | $28M | $25M | $31M |
| Income tax | $22M | $23M | $15M | $18M | $12M | $7M | $6M | $11M | $8M | $10M |
| Net income | $43M | $52M | $77M | $64M | $51M | $33M | -$103M | $17M | $17M | $21M |
| EPS (diluted) | $1.61 | $1.93 | $2.81 | $2.35 | $1.89 | $1.21 | -$3.77 | $0.66 | $0.66 | $0.88 |
| Diluted shares | 27M | 27M | 27M | 27M | 27M | 28M | 27M | 26M | 25M | 24M |
| Gross margin | 56.0% | 56.3% | 53.6% | 51.3% | 50.1% | 45.6% | 44.1% | 44.1% | 44.6% | 44.5% |
| Operating margin | 20.7% | 21.0% | 20.0% | 17.4% | 13.8% | 8.3% | -20.1% | 5.6% | 4.0% | 4.7% |
| Net margin | 14.3% | 15.0% | 17.2% | 13.9% | 11.7% | 6.8% | -21.2% | 3.4% | 3.3% | 4.0% |
Balance sheet
Fiscal years, from Proto Labs's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $108M | $94M | $132M | $161M | $162M | $78M | $80M | $103M | $103M | $128M |
| Receivables | $34M | $52M | $59M | $57M | $58M | $80M | $76M | $73M | $67M | $79M |
| Inventory | $9M | $11M | $10M | $10M | $11M | $13M | $14M | $14M | $12M | $14M |
| Total current assets | $158M | $165M | $215M | $236M | $242M | $183M | $187M | $201M | $195M | $234M |
| Property, plant and equipment | $139M | $166M | $228M | $264M | $283M | $280M | $258M | $254M | $227M | $215M |
| Goodwill | $29M | $129M | $129M | $129M | $129M | $401M | $274M | $274M | $274M | $274M |
| Total assets | $414M | $519M | $619M | $674M | $744M | $929M | $802M | $772M | $744M | $763M |
| Total current liabilities | $23M | $44M | $53M | $48M | $50M | $55M | $72M | $50M | $53M | $67M |
| Total liabilities | $34M | $58M | $77M | $88M | $100M | $100M | $105M | $77M | $73M | $89M |
| Shareholders' equity | $380M | $461M | $541M | $586M | $644M | $828M | $698M | $695M | $670M | $674M |
| Net debt | -$69M | -$37M | -$85M | -$125M | -$128M | -$66M | -$57M | -$84M | -$89M | -$111M |
Cash flow
Fiscal years, from Proto Labs's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $77M | $82M | $123M | $116M | $107M | $55M | $62M | $73M | $78M | $75M |
| Capital spending | $34M | $33M | $87M | $62M | $47M | $34M | $22M | $28M | $9M | $15M |
| Free cash flow | $44M | $49M | $36M | $54M | $60M | $21M | $40M | $45M | $69M | $60M |
| Stock-based compensation | $7M | $9M | $11M | $11M | $15M | $19M | $18M | $16M | $17M | $16M |
| Share buybacks (net) | — | -$4M | -$12M | -$34M | -$15M | -$23M | -$30M | -$44M | -$60M | -$43M |
| Net borrowing | — | $5M | -$5M | $0 | $0 | — | — | — | — | — |
| Free cash flow margin | 14.7% | 14.3% | 8.0% | 11.7% | 13.8% | 4.3% | 8.3% | 9.0% | 13.7% | 11.2% |
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Open PRLB in InvestinglyQuestions
What was Proto Labs's revenue in 2025?
$533M in fiscal 2025, from its 10-K filing.
How much free cash flow does Proto Labs generate?
$60M in fiscal 2025 (operating cash flow minus capital spending).
From Proto Labs's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.