Exhibit 99.1
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Stratasys Releases Third Quarter 2025 Financial Results
•Revenue of $137.0 million, compared to $140.0 million in the prior year period
•GAAP net loss of $55.6 million, or $0.65 per diluted share (includes non-cash impairment of $33.9 million, or $0.40 per share) and non-GAAP net income of $1.5 million, or $0.02 per diluted share
•Adjusted EBITDA of $5.0 million, compared to $5.1 million in the prior year period
•Generated $6.9 million in operational cash flow, compared to $4.5 million of cash used in the prior year period
•$255.0 million cash, equivalents and short-term deposits and no debt at September 30, 2025
•Reiterating non-GAAP outlook and adjusting GAAP Net Income and EPS due to the above-referenced non-cash impairment

MINNETONKA, Minn. & REHOVOT, Israel - (BUSINESS WIRE) - November 13, 2025 - Stratasys Ltd. (Nasdaq: SSYS), a leader in polymer 3D printing solutions, today announced its financial results for the third quarter ended September 30, 2025.
"Our third quarter results demonstrate the resilience of our business model that enabled us to deliver solid operating cash flow and positive adjusted earnings per share, through the combination of strong recurring revenues, disciplined cost management and operational excellence," said Dr. Yoav Zeif, CEO of Stratasys. "Our industry-leading balance sheet, with $255 million in cash, cash equivalents and short-term deposits and no debt, enables us to build the foundational infrastructure that will drive our expansion in aerospace and defense, automotive tooling, dentures, precision machine components, and medical anatomic modeling. We are strategically investing in the technological capabilities and customer relationships that position us to capture substantial growth as these high-value applications scale. Customer engagement remains robust across these verticals, with active partnerships on compelling use cases that reinforce our confidence in our competitive positioning and additive manufacturing's long-term trajectory."
"Our success with leaders of industry and major technology companies validates our solutions' critical role in production environments. The fundamental trends driving manufacturing transformation - supply chain localization, sustainability goals, personalization, and efficiency demands - continue to intensify. As customer spending patterns normalize, we remain well-positioned to capitalize on these secular drivers and deliver shareholder value through our comprehensive portfolio of systems, materials, and software solutions.”
Summary - Third Quarter 2025 Financial Results Compared to Third Quarter 2024:
•Revenue of $137.0 million compared to $140.0 million.
•GAAP gross margin of 41.0%, compared to 44.8%.
•Non-GAAP gross margin of 45.3%, compared to 49.6%.
•GAAP operating loss of $22.7 million, compared to an operating loss of $25.5 million.
•Non-GAAP operating income of $0.1 million, compared to an operating loss of $0.1 million.
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•GAAP net loss of $55.6 million, or $0.65 per diluted share, compared to a net loss of $26.6 million, or $0.37 per diluted share.
◦Includes non-cash impairment of $33.9 million, or $0.40 per share related to Ultimaker investment.
•Non-GAAP net income of $1.5 million, or $0.02 per diluted share, compared to net income of $0.4 million, or $0.01 per diluted share.
•Adjusted EBITDA of $5.0 million, compared to $5.1 million.
•Cash provided by operating activities of $6.9 million, compared to cash used in operating activities of $4.5 million.

Financial Outlook:
Based on current market conditions and assuming that the impacts of tariff policy, global inflationary pressures, relatively high interest rates and supply chain costs do not impede economic activity further, the Company is reiterating its non-GAAP outlook and adjusting the GAAP Net Loss and EPS due to the above-referenced non-cash impairment to be as follows:
•Full year revenue of $550 million to $560 million.
•Full year non-GAAP gross margins of 46.7% to 47.0%.
•Full year non-GAAP operating expenses to range from $248 million to $251 million.
•Full year GAAP operating margins to range from (13)% to (11)%.
•Full year non-GAAP operating margins to range from 1.5% to 2.0%.
•GAAP net loss ranging from $110 million to $99 million, and GAAP EPS of ($1.34) to ($1.21).
•Adjusted EBITDA ranging from $30 million to $32 million.
•Capital expenditures ranging from $20 million to $25 million.
•Positive operating cash flow.
•Non-GAAP net income ranging from $11 million to $13 million, and Non-GAAP EPS ranging from $0.13 to $0.16.
Appropriate reconciliations between historical GAAP and non-GAAP financial measures, as well as between the GAAP and non-GAAP financial measures included in our updated financial outlook for 2025, are provided in the tables at the end of our press release and slide presentation, with itemized detail concerning the non-GAAP financial measures. We have not included, however, guidance for GAAP gross margin or a reconciliation of our guidance for non-GAAP gross margins to the most directly comparable GAAP financial measure (i.e., GAAP gross margin), as we are unable to do so without unreasonable effort or with reasonable certainty from a quantitative perspective.

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Stratasys Ltd. Third Quarter 2025 Webcast and Conference Call Details
The Company plans to webcast its conference call to discuss its third quarter 2025 financial results on Thursday, November 13, 2025, at 8:30 a.m. (ET).
The investor conference call will be available via live webcast on the Stratasys Web site at investors.stratasys.com, or directly at the following web address:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=utWHBI2d
To participate by telephone, the U.S. toll-free number is 877-407-0619 and the international dial-in is +1-412-902-1012. Investors are advised to dial into the call at least ten minutes prior to the call to register. The webcast will be available for six months at investors.stratasys.com, or by accessing the above-provided web address.
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.
To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including the Company’s websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.
Stratasys is a registered trademark and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All other trademarks are the property of their respective owners.
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Cautionary Statement Regarding Forward-Looking Statements
The statements in this press release regarding Stratasys' strategy, and the statements regarding its projected future financial performance, including the financial guidance concerning its expected results for 2025 and beyond, are forward-looking statements reflecting management's current expectations and beliefs. These forward-looking statements are based on current information that is, by its nature, subject to rapid and even abrupt change. Due to risks and uncertainties associated with Stratasys' business, actual results could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the extent of our success at introducing new or improved products and solutions that gain market share; the extent of growth of the 3D printing market generally; the global macro-economic environment, including the impact of increased and/or reciprocal import tariffs that have been imposed by the U.S. and other countries; global trends involving inflation, interest rates, economic activity and currency exchange rates, and their impact on the additive manufacturing industry, our company and our customers, in particular; changes in our overall strategy, including as related to any restructuring activities and our capital expenditures; the impact of potential shifts in the prices or margins of the products that we sell or services that we provide, including due to a shift towards lower margin products or services; the impact of competition and new technologies; potential further charges against earnings that we could be required to take due to impairment of additional goodwill or other intangible assets; the extent of our success at successfully consummating and integrating into our existing business acquisitions or investments in new businesses, technologies, products or services; the potential adverse impact of global interruptions and delays involving freight carriers and other third parties on our supply chain and distribution network; global market, political and economic conditions, and in the countries in which we operate in particular; potential lingering adverse effects of Israel’s recent retaliatory war against the terrorist organizations Hamas and Hezbollah, Iran, and, intermittently, its conflict with the Houthi terrorist group in Yemen; costs and potential liability relating to litigation and regulatory proceedings; risks related to infringement of our intellectual property rights by others or infringement of others' intellectual property rights by us; the extent of our success at maintaining our liquidity and financing our operations and capital needs; the impact of tax regulations on our results of operations and financial condition; and those additional factors referred to in Item 3.D “Key Information - Risk Factors”, Item 4, “Information on the Company”, Item 5, “Operating and Financial Review and Prospects,” and all other parts of our Annual Report on Form 20-F for the year ended December 31, 2024, which we filed with the U.S. Securities and Exchange Commission, or SEC, on March 6, 2025 (the “2024 Annual Report”). Readers are urged to carefully review and consider the various disclosures made throughout our 2024 Annual Report and the Reports of Foreign Private Issuer on Form 6-K that attach Stratasys’ unaudited, condensed consolidated financial statements and its review of its results of operations and financial condition, for the quarterly periods throughout 2025, which have been or will be furnished to the SEC throughout 2025, and our other reports filed with or furnished to the SEC, which are designed to advise interested parties of the risks and factors that may affect our business, financial condition, results of operations and prospects. Any guidance provided, and other forward-looking statements made, in this press release are provided or made (as applicable) as of the date hereof, and Stratasys undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Use of Non-GAAP Financial Measures
The non-GAAP data included herein, but not limited, which excludes certain items as described below, are non-GAAP financial measures. Our management believes that these non-GAAP financial measures are useful information for investors and shareholders of our company in gauging our results of operations. Our management utilizes these non-GAAP measures to enable us to assess our financial results (i) on an ongoing basis after excluding mergers, acquisitions and divestments related expense or gains and reorganization-related charges or gains, and legal provisions, (ii) excluding non-cash items such as share-based compensation expenses, acquired intangible assets amortization, including intangible assets amortization related to equity method investments, impairment of long-lived assets and goodwill, revaluation of our investments and the corresponding tax effect of those items, (iii) for certain non-GAAP measures, after eliminating the impact of changes attributable to currency exchange rate fluctuations, and (iv) after excluding changes in revenues solely attributable to divestitures of former subsidiary companies. The items eliminated as part of our calculation of our non-GAAP financial measures either do not reflect actual cash outlays that impact our liquidity and our financial condition or have a non-recurring impact on the statement of operations, as assessed by management. Our non-GAAP financial measures are presented to permit investors to more fully understand how management assesses our performance for internal planning and forecasting purposes. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of our results of operations without including all items indicated above during a period, which may not provide a comparable view of our performance to other companies in our industry. Investors and other readers should consider non-GAAP measures only as supplements to, not as substitutes for or as superior measures to, the measures of financial performance prepared in accordance with GAAP. Reconciliation between results on a GAAP and non-GAAP basis is provided in the tables below.

Yonah Lloyd
CCO & VP Investor Relations
Yonah.Lloyd@stratasys.com
Source: Stratasys Ltd.
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Stratasys Ltd.
Consolidated Balance Sheets
(U.S. $ in thousands, except share data)
(Unaudited)
September 30, 2025December 31, 2024
ASSETS
Current assets
Cash and cash equivalents$71,470 $70,200 
Short-term bank deposits183,500 80,500 
Accounts receivable, net of allowance for credit losses of $3,549 and $3,058 as of September 30, 2025 and December 31, 2024, respectively151,344 152,979 
Inventories159,335 179,809 
Prepaid expenses8,239 7,630 
Other current assets29,796 21,843 
Total current assets603,684 512,961 
Non-current assets
Property, plant and equipment, net189,285 184,379 
Goodwill101,515 99,082 
Other intangible assets, net101,267 106,253 
Operating lease right-of-use assets30,669 32,169 
Long-term investments46,064 80,205 
Other non-current assets14,724 14,697 
Total non-current assets483,524 516,785 
Total assets$1,087,208 $1,029,746 
LIABILITIES AND EQUITY
Current liabilities
Accounts payable $40,244 $44,977 
Accrued expenses and other current liabilities36,167 39,749 
Accrued compensation and related benefits 32,988 29,206 
Deferred revenues - short-term48,564 46,347 
Operating lease liabilities - short-term7,283 6,935 
Total current liabilities165,246 167,214 
Non-current liabilities
Deferred revenues - long-term18,766 19,057 
Deferred income taxes412 507 
Operating lease liabilities - long-term
23,810 25,155 
Contingent consideration - long-term5,125 4,933 
Other non-current liabilities21,324 19,889 
Total non-current liabilities69,437 69,541 
Total liabilities$234,683 $236,755 
Contingencies (see note 12)
Equity
Ordinary shares, NIS 0.01 nominal value, authorized 180,000 shares; 85,702 shares and 71,982 shares issued at September 30, 2025 and December 31, 2024, respectively; 85,436 shares and 71,716 shares outstanding at September 30, 2025 and December 31, 2024, respectively$240 $202 
Treasury shares at cost, 266 shares at September 30, 2025 and December 31, 2024(1,995)(1,995)
Additional paid-in capital3,266,492 3,123,024 
Accumulated other comprehensive loss(6,570)(8,031)
Accumulated deficit(2,405,642)(2,320,209)
Total equity852,525 792,991 
Total liabilities and equity$1,087,208 $1,029,746 



Stratasys Ltd.
Consolidated Statements of Operations
(U.S. $ in thousands, except per share data)
Three Months Ended September 30,Nine Months Ended September 30,
(Unaudited)2025202420252024
Revenues
Products$94,061 $94,092 $282,647 $286,882 
Services42,909 45,916 128,455 135,217 
136,970 140,008 411,102 422,099 
Cost of revenues
Products49,808 47,707 145,693 144,220 
Services31,070 29,571 89,584 90,752 
80,878 77,278 235,277 234,972 
Gross profit56,092 62,730 175,825 187,127 
Operating expenses
Research and development, net20,561 24,700 59,274 74,357 
Selling, general and administrative58,235 63,495 168,279 188,731 
78,796 88,195 227,553 263,088 
Operating loss(22,704)(25,465)(51,728)(75,961)
Financial income, net
2,656 1,009 7,415 1,500 
Loss before income taxes(20,048)(24,456)(44,313)(74,461)
Income tax expenses
524 842 2,020 2,320 
Share in losses of associated companies
35,062 1,316 39,100 1,559 
Net loss$(55,634)$(26,614)$(85,433)$(78,340)
Net loss per ordinary share - basic and diluted
$(0.65)$(0.37)$(1.06)$(1.11)
Weighted average ordinary shares outstanding - basic and diluted
85,151 71,271 80,230 70,670 



Stratasys Ltd.
Reconciliation of GAAP to Non-GAAP Results of Operations
Three Months Ended September 30,
2025Non-GAAP20252024Non-GAAP2024
GAAPAdjustmentsNon-GAAPGAAPAdjustmentsNon-GAAP
U.S. dollars and shares in thousands (except per share amounts)
Gross profit (1)$56,092 $5,971 $62,063 $62,730 $6,768 $69,498 
Operating income (loss) (1,2)(22,704)22,781 77 (25,465)25,351 (114)
Net income (loss) (1,2,3)(55,634)57,109 1,475 (26,614)26,985 371 
Net income (loss) per diluted share (4)$(0.65)$0.67 $0.02 $(0.37)$0.38 $0.01 
(1)Acquired intangible assets amortization expenses4,526 4,507 
Non-cash share-based compensation expenses819 912 
Restructuring and other expenses626 1,349 
5,971 6,768 
(2)Acquired intangible assets amortization expenses1,068 1,124 
Non-cash share-based compensation expenses4,816 5,657 
Restructuring and other related costs2,639 7,585 
Revaluation of investment2,208 — 
Contingent consideration— 519 
Legal and other expenses6,079 3,698 
16,810 18,583 
22,781 25,351 
(3)Corresponding tax effect191 294 
Equity method related expenses and impairment34,337 981 
Finance expenses (income)(200)359 
$57,109 $26,985 
(4) Weighted average number of ordinary shares outstanding - Diluted85,151 86,000 71,271 71,417 



Stratasys Ltd.
Nine Months Ended September 30,
2025Non-GAAP20252024Non-GAAP2024
GAAPAdjustmentsNon-GAAPGAAPAdjustmentsNon-GAAP
U.S. dollars and shares in thousands (except per share amounts)
Gross profit (1)$175,825 $17,704 $193,529 $187,127 $20,082 $207,209 
Operating income (loss) (1,2)(51,728)55,967 4,239 (75,961)71,450 (4,511)
Net income (loss) (1,2,3)
(85,433)91,966 6,533 (78,340)74,058 (4,282)
Net income (loss) per diluted share (4)$(1.06)$1.14 $0.08 $(1.11)$1.05 $(0.06)
(1)Acquired intangible assets amortization expenses13,531 14,080 
Non-cash share-based compensation expenses2,273 2,874 
Restructuring and other expenses
1,900 3,128 
17,704 20,082 
(2)Acquired intangible assets amortization expenses2,923 4,694 
Non-cash share-based compensation expenses15,713 19,689 
Restructuring and other related costs4,231 12,144 
Revaluation of investment2,208 1,900 
Contingent consideration1,288 1,553 
Legal and other expenses 11,900 11,388 
38,263 51,368 
55,967 71,450 
(3)Corresponding tax effect457 732 
Equity method related expenses and impairment36,245 352 
Finance expenses (income)(703)1,524 
$91,966 $74,058 
(4) Weighted average number of ordinary shares outstanding - Diluted80,230 80,951 70,670 70,670 







Stratasys Ltd.
Reconciliation of GAAP net loss to Adjusted EBITDA
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
U.S. $ in thousands
U.S. $ in thousands
Net loss$(55,634)$(26,614)$(85,433)$(78,340)
Financial income, net(2,656)(1,009)(7,415)(1,500)
Income tax expenses524 842 2,020 2,320 
Equity method related expenses and impairment35,062 1,316 39,100 1,559 
Depreciation expenses
5,085 5,210 15,548 15,997 
Amortization expenses5,602 5,631 16,481 18,774 
Non-cash share-based compensation expenses5,635 6,569 17,986 22,563 
Revaluation of investment2,208 — 2,208 1,900 
Contingent consideration— 519 1,288 1,553 
Legal and other expenses6,466 3,698 12,020 11,388 
Restructuring and other related costs2,752 8,934 5,540 15,272 
Adjusted EBITDA$5,044 $5,096 $19,343 $11,486 



Stratasys Ltd.

Reconciliation of GAAP Net Loss to Non-GAAP Net Income Forward Looking Guidance:
Fiscal Year 2025
(U.S. $ in millions, except per share data)LowHigh
GAAP net loss$(110)to$(99)
Adjustments
Share-based compensation expenses$25to$27
Intangible assets amortization expenses$22to$24
Reorganization, equity method impairment and other$63to$67
Tax expenses related to Non-GAAP adjustments
$2to$3
Non-GAAP net income$11to$13
GAAP loss per share$(1.34)to$(1.21)
Non-GAAP diluted earnings per share$0.13to$0.16

Reconciliation of GAAP Net Loss to Adjusted EBITDA Forward Looking Guidance:
Fiscal Year 2025
(U.S. $ in millions, except per share data)LowHigh
GAAP net loss$(110)to$(99)
Adjustments
Share-based compensation expenses$25to$27
Intangible assets amortization expenses$22to$24
Reorganization, equity method impairment and other$63to$67
Tax expenses related to Non-GAAP adjustments
$2to$3
Other non-operating income
$(1)to$(1)
Depreciation$20to$20
Adjusted EBITDA$30to$32




Stratasys Ltd.
Reconciliation of GAAP Operating Loss to Non-GAAP Operating Income Forward Looking Guidance:
Fiscal Year 2025
(U.S. $ in millions, except per share data)LowHigh
GAAP operating loss$(72)to$(61)
GAAP operating margins(13)%to(11)%
Adjustments
Share-based compensation expenses$25to$27
Intangible assets amortization expenses$22to$24
Reorganization and other$26to$30
Non-GAAP operating profit$9to$12
Non-GAAP operating margins1.5%to2.0%