Nano Dimension ( (NNDM) ) has released a notification of late filing.
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Nano Dimension Ltd. has filed a Form 12b-25 to notify investors of a delay in submitting its Form 10-K (Yearly Report) for the year ended December 31, 2025. The filing explains that this is the company’s first Form 10-K (Yearly Report) as a domestic issuer after it ceased to qualify as a foreign private issuer on January 1, 2026.
That shift shortened its annual reporting deadline from 119 days to 75 days, leaving management with less time to complete the 2025 financial statements and related disclosures. At the same time, the company is digesting two major 2025 acquisitions—Desktop Metal, Inc. and Markforged Holding Corporation—which have added complexity to its accounting and reporting.
Nano Dimension notes that Desktop Metal and Markforged use different financial systems, and the company currently lacks sufficient resources to fully integrate these systems and prepare consolidated financials on the new accelerated timetable. Management also needs more time to finish documentation for internal control over financial reporting and disclosure controls, including assessing potential material weaknesses.
The company says it expects to file the delayed Form 10-K (Yearly Report) within the 15-day extension period allowed under SEC Rule 12b-25. Investors should therefore anticipate the annual report to be submitted shortly after the original deadline, assuming no further complications emerge.
Based on preliminary, unaudited figures, Nano Dimension expects 2025 revenue of about $102.4 million, up sharply from approximately $57.8 million in 2024, largely due to the revenue contribution from Markforged. Despite this top-line growth, the company projects a net loss from continuing operations of roughly $101.2 million for 2025, compared with about $99.9 million in 2024.
Cash, cash equivalents, deposits and investable securities are expected to fall to approximately $457.8 million at year-end 2025 from about $844.2 million a year earlier, primarily reflecting the cost of acquiring Desktop Metal and Markforged. Management stresses that these figures are subject to change as the audit is completed and warns that investors should not view them as final.
Nano Dimension has identified a material weakness in its internal control over financial reporting as of December 31, 2025, stemming from resource limitations that hindered effective control activities around business combinations and related valuation and disclosure work. As a result, the company expects to conclude its disclosure controls and internal control over financial reporting were not effective for 2025.
The company includes the usual cautionary language on forward-looking statements, emphasizing that expectations about timing of the Form 10-K (Yearly Report), internal control remediation and financial outcomes could differ from actual results. It notes that risks include potential changes in the identified material weakness, additional weaknesses, and shifts in the final audited numbers.
The notification underscores that Nano Dimension intends to complete its audit, finalize its 2025 annual report and continue working to strengthen its internal controls following the recent acquisitions. The Form 12b-25 is signed on behalf of the company by Chief Financial Officer John Brenton on March 16, 2026, signaling executive-level responsibility for the delayed filing and the planned remedial steps.
The most recent analyst rating on (NNDM) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Nano Dimension stock, see the NNDM Stock Forecast page.
Spark’s Take on NNDM Stock
According to Spark, TipRanks’ AI Analyst, NNDM is a Neutral.
The score is held down primarily by severe unprofitability and ongoing cash burn despite revenue growth, with valuation also constrained by negative earnings. Technicals provide only modest support, showing a mildly positive longer-term trend but neutral momentum.
To see Spark’s full report on NNDM stock, click here.
More about Nano Dimension
Nano Dimension Ltd. is an additive manufacturing and 3D printing technology company that has historically reported to the U.S. Securities and Exchange Commission as a foreign private issuer. Following growth and an expanding U.S. investor base, the company recently transitioned to being treated as a domestic issuer, which changes both its reporting forms and timelines.
Average Trading Volume: 2,603,049
Technical Sentiment Signal: Sell
Current Market Cap: $377.5M
See more data about NNDM stock on TipRanks’ Stock Analysis page.