Proto Labs Reports Q1 2025 Financial Results

Proto Labs Inc ( (PRLB) ) has released its Q1 earnings. Here is a breakdown of the information Proto Labs Inc presented to its investors.

Proto Labs, Inc., a leader in digital manufacturing services, specializes in rapid prototyping and low-volume production across various industries, leveraging a digital platform to connect with a global network of manufacturing partners.

In the first quarter of 2025, Proto Labs reported a slight decline in total revenue to $126.2 million, with GAAP earnings per share at $0.15 and non-GAAP earnings per share at $0.33. Despite the revenue dip, the company noted an increase in customer utilization and spending.

Key financial highlights include a 10% increase in revenue fulfilled through the Protolabs Network and a rise in revenue per customer contact by 2.5% year-over-year. The company maintained strong profitability with an EBITDA of $13.6 million and a cash balance of $116.3 million, while also repurchasing $20.9 million of common stock.

Looking ahead, Proto Labs is poised for growth by enhancing its manufacturing capabilities and leveraging its geographically diverse network to navigate evolving global trade conditions. The company remains committed to adapting quickly to supply chain disruptions and capitalizing on emerging opportunities.

The management anticipates second-quarter revenue between $124.0 million and $132.0 million, with continued focus on strategic investments and maintaining a robust financial position to support future growth.