Printing Money Episode 37: Q4 2025 Public 3D Printing Earnings Review with Troy Jensen, Cantor Fitzgerald

Key Takeaways

• The 3D printing and additive manufacturing (3DP/AM) industry shows bullish indicators, including positive acquisition outcomes and excellent performance outlooks.
• Metal AM markets and deal pipeline look strong, with companies like EOS, VELO, and SSYS potentially on the acquisition trail.
• The IPO pipeline for polymers, including companies like Formlabs and Carbon, is potentially promising.
• Public 3DP/AM companies, such as SSYS, DDD, MTLS, and VELO, offer unique upside and face challenges in Q4 2025 earnings reports.

Introduction to 3DP/AM Industry Analysis

The 3DP/AM industry has shown significant growth and potential in recent years. In this episode of "Printing Money," Troy Jensen, Managing Director at Cantor Fitzgerald, provides a quarterly analysis of public company earnings reports, specifically Q4 2025.

2025 Review and 2026 Outlook

The year 2025 was marked by positive acquisition outcomes, excellent performance outlooks from industrial leaders, and lower-cost upstarts. The beginning of 2026 also shows promise, with a strong metal AM market and deal pipeline. The Additive Manufacturing Strategies (AMS) event in NYC highlighted the industry's growth and potential.

Public Company Earnings Reports

The Q4 2025 earnings reports for public 3DP/AM companies, such as SSYS, DDD, MTLS, and VELO, show unique upside and challenges. These companies are expected to continue growing and innovating in the industry.

Comparison of Public 3DP/AM Companies

Acquisition Trail

Companies like EOS, VELO, and SSYS may be on the acquisition trail, with potential targets including smaller metal AM companies. This could lead to further consolidation and growth in the industry.

Bottom Line

The 3DP/AM industry shows significant promise and growth potential, with bullish indicators and strong earnings reports from public companies. As the industry continues to evolve, it is likely that we will see further consolidation and innovation, driving growth and adoption of 3DP/AM technologies. With a strong metal AM market and deal pipeline, 2026 is expected to be a significant year for the industry.