SSYS (SSYS) financial statements
SSYS reported revenue of $551M in fiscal 2025, down 2.2% a year over 9 years.
Net income was -$104M and the operating margin -13.2%, against -12.9% in 2016.
Free cash flow was -$7M.
The diluted share count rose 55% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SSYS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $672M | $668M | $663M | $636M | $521M | $607M | $651M | $628M | $572M | $551M |
| Cost of revenue | $355M | $346M | $338M | $322M | $301M | $347M | $375M | $361M | $316M | $324M |
| Gross profit | $317M | $323M | $325M | $314M | $219M | $260M | $276M | $267M | $257M | $227M |
| Research and development | $98M | $96M | $99M | $94M | $84M | $88M | $93M | $94M | $99M | $77M |
| Selling, general and admin | — | — | $235M | $231M | $205M | $251M | $241M | $260M | $243M | $222M |
| Operating income | -$87M | -$31M | -$9M | -$12M | -$456M | -$79M | -$57M | -$88M | -$86M | -$72M |
| Pre-tax income | -$86M | -$29M | -$8M | -$7M | -$457M | -$67M | -$18M | -$85M | -$84M | -$62M |
| Income tax | -$9M | $9M | $5M | $4M | -$16M | -$4M | $5M | $6M | $3M | $3M |
| Net income | -$77M | -$40M | -$11M | -$11M | -$444M | -$62M | -$29M | -$123M | -$120M | -$104M |
| EPS (diluted) | -$1.48 | -$0.75 | -$0.22 | -$0.20 | -$8.08 | -$0.98 | -$0.44 | -$1.79 | -$1.70 | -$1.28 |
| Diluted shares | 53M | 53M | 54M | 0M | 55M | 63M | 66M | 69M | 71M | 82M |
| Gross margin | 47.2% | 48.3% | 49.0% | 49.3% | 42.1% | 42.8% | 42.4% | 42.5% | 44.9% | 41.2% |
| Operating margin | -12.9% | -4.6% | -1.3% | -1.8% | -87.6% | -13.0% | -8.8% | -14.0% | -15.0% | -13.2% |
| Net margin | -11.5% | -6.0% | -1.7% | -1.7% | -85.2% | -10.2% | -4.4% | -19.6% | -21.0% | -18.9% |
Balance sheet
Fiscal years, from SSYS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $280M | $329M | $393M | $293M | $272M | $243M | $150M | $83M | $70M | $95M |
| Receivables | $120M | $133M | $138M | $133M | $106M | $129M | $145M | $172M | $153M | — |
| Inventory | $118M | $116M | $124M | $169M | $132M | $129M | $194M | $193M | $180M | $145M |
| Total current assets | $553M | $615M | $684M | $659M | $560M | $801M | $700M | $560M | $513M | $582M |
| Property, plant and equipment | $208M | $200M | $188M | $190M | $201M | $203M | $195M | $198M | $184M | $193M |
| Goodwill | $386M | $387M | $386M | $386M | $36M | $65M | $65M | $100M | $99M | $102M |
| Total assets | $1.4B | $1.4B | $1.4B | $1.4B | $990M | $1.3B | $1.3B | $1.1B | $1.0B | $1.1B |
| Total current liabilities | $165M | $163M | $176M | $160M | $132M | $210M | $211M | $176M | $167M | $163M |
| Long-term debt | $22M | $27M | $22M | — | — | — | — | — | — | — |
| Total liabilities | $228M | $246M | $245M | $224M | $230M | $321M | $300M | $249M | $237M | $231M |
| Shareholders' equity | $1.1B | $1.1B | $1.1B | $1.2B | $759M | $956M | $959M | $885M | $793M | $843M |
| Net debt | -$254M | -$296M | -$366M | -$293M | -$272M | -$243M | -$150M | -$83M | -$70M | -$95M |
Cash flow
Fiscal years, from SSYS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $62M | $62M | $64M | -$11M | $28M | $36M | -$75M | -$62M | $8M | $15M |
| Capital spending | $45M | $22M | $23M | $22M | $27M | $25M | $14M | $14M | $11M | $22M |
| Free cash flow | $17M | $39M | $40M | -$34M | $859,000 | $11M | -$89M | -$75M | -$3M | -$7M |
| Stock-based compensation | $21M | $18M | $16M | $21M | $20M | $31M | $33M | $32M | $26M | $24M |
| Net borrowing | $26M | $6M | -$5M | -$27M | — | — | — | — | — | — |
| Free cash flow margin | 2.5% | 5.9% | 6.1% | -5.3% | 0.2% | 1.8% | -13.7% | -12.0% | -0.5% | -1.3% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for SSYS.
Open SSYS in InvestinglyQuestions
What was SSYS's revenue in 2025?
$551M in fiscal 2025, from its 10-K filing.
How much free cash flow does SSYS generate?
-$7M in fiscal 2025 (operating cash flow minus capital spending).
From SSYS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.