Stratasys (SSYS)
NASDAQ:SSYS
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Stratasys
(NASDAQ:SSYS)
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Rating:52Neutral
Price Target:
$8.00
▲(1.14% Upside)
Action:ReiteratedDate:03/08/26
SSYS scores in the low-to-mid range primarily due to persistent revenue declines and GAAP losses despite a strong balance sheet and improving operating cash flow. Technical indicators are bearish with the stock trading below key moving averages, while valuation offers limited support given negative earnings and no dividend. The earnings call adds some offsetting optimism via 2026 sequential-growth guidance, cost discipline, and strategic customer wins, but headwinds and continued GAAP losses keep the overall score constrained.
Positive Factors
Balance Sheet Strength
Large cash resources and minimal leverage create durable financial optionality. With ~$244M in liquidity, Stratasys can fund R&D, absorb cyclical demand, execute targeted M&A or sustain operations during slow system cycles without immediate refinancing risk, supporting multi‑quarter strategic plans.
Negative Factors
Multi-year Revenue Decline
Persistent revenue contraction over several years signals weakened end‑market demand or competitive/price pressure. Shrinking top line limits operating leverage, reduces scale economics for materials and services, and makes it harder to recover fixed costs, constraining durable margin improvement and growth options.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Large cash resources and minimal leverage create durable financial optionality. With ~$244M in liquidity, Stratasys can fund R&D, absorb cyclical demand, execute targeted M&A or sustain operations during slow system cycles without immediate refinancing risk, supporting multi‑quarter strategic plans.
Read all positive factors
Stratasys (SSYS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$658.36M
Dividend YieldN/A
Average Volume (3M)954.53K
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth-2.93%
EPS Growth-22.55%
CountryUS
Employees1,779
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)0.07
Shares Outstanding86,172,540
10 Day Avg. Volume812,695
30 Day Avg. Volume954,528
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.84
Price to Sales (P/S)1.29
P/FCF Ratio-101.64
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue1.07
Enterprise Value/Gross Profit2.46
Enterprise Value/Ebitda-9.61
Forecast
1Y Price Target
$10.65Price Target Upside34.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.14
Revenue Forecast (FY)$567.49M
Stratasys Business Overview & Revenue Model
Company Description
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping,...
How the Company Makes Money
Stratasys primarily makes money by selling (1) 3D printing systems (hardware) and (2) recurring consumables and support tied to the installed base. Key revenue streams include: (a) Printer/system sales: One-time revenue from the sale of industrial...
Stratasys Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down income from various business units, highlighting which segments are performing well and contributing most to overall growth.
Breaks down income from various business units, highlighting which segments are performing well and contributing most to overall growth.
Data provided by:
The Fly
The FlyStratasys Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Neutral
The call presented a mixed but resilient picture: clear operational discipline, meaningful strategic wins (notably in aerospace/defense and automotive), expanding manufacturing mix, improved full-year adjusted EBITDA and cash generation, and a conservative but growth-oriented 2026 outlook. Offsetting these positives were continued year-over-year revenue declines, notable margin compression primarily driven by tariffs, FX and mix, ongoing GAAP losses, and sensitivity to government and capital-spend cycles. Management emphasized cost controls, a strong balance sheet and pathway to sequential growth in 2026, but also included conservative adjustments for FX/tariffs in guidance.Positive Updates
Manufacturing Mix Expansion
Manufacturing accounted for 37.5% of revenues in 2025, up from 36% in 2024 and from just over 25% in 2020 — demonstrating multi-year progress toward higher-value, higher-utilization production applications.
Negative Updates
Year-over-Year Revenue Decline
Consolidated revenue declined to $140.0M in Q4 (down 6.9% YoY) and full-year revenue fell to $551.1M from $572.5M in 2024 (down ~3.7% YoY). Product revenue and services also declined on a full-year basis.
Read all updates
Q4-2025 Updates
Positive
Negative
Manufacturing Mix Expansion
Manufacturing accounted for 37.5% of revenues in 2025, up from 36% in 2024 and from just over 25% in 2020 — demonstrating multi-year progress toward higher-value, higher-utilization production applications.
Read all positive updates
Company Guidance
Stratasys guided 2026 revenue of $565–575 million with sequential quarterly growth and higher revenue in the second half (Q1 expected to be the weakest for revenue and margins), and said consumables revenue should increase versus 2025; it expects non‑GAAP gross margin of 46.7%–47.1% (second half stronger), operating expenses of $260–262 million (including roughly $10 million of adverse FX impact at current rates), and operating income of 0.7%–1.5% of revenue (H2 stronger). The company forecasts a GAAP net loss of $67–83 million, or $0.76–$0.95 per diluted share, versus non‑GAAP net income of $8–12.5 million, or $0.09–$0.14 per diluted share; adjusted EBITDA is expected at 4.5%–5% of revenue ($25–30 million), a range that includes about $17 million of combined FX and tariff headwinds. Capital expenditures are forecast at $20–25 million and Stratasys expects to deliver positive operating cash flow for the full year, subject to FX and tariff uncertainty.Stratasys Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 551.10M | 572.46M | 627.60M | 651.48M | 607.22M |
| Gross Profit | 259.26M | 256.82M | 267.02M | 276.47M | 260.08M |
| EBITDA | -58.79M | -40.32M | -31.71M | 2.61M | -23.07M |
| Net Income | -104.28M | -120.28M | -123.07M | -28.97M | -61.98M |
Balance Sheet | |||||
| Total Assets | 1.07B | 1.03B | 1.13B | 1.26B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 244.53M | 150.70M | 162.59M | 327.84M | 502.18M |
| Total Debt | 26.50M | 32.09M | 18.66M | 17.84M | 14.97M |
| Total Liabilities | 230.86M | 236.75M | 249.07M | 300.36M | 321.21M |
| Stockholders Equity | 842.90M | 792.99M | 884.84M | 959.43M | 956.01M |
Cash Flow | |||||
| Free Cash Flow | -6.97M | -4.89M | -76.67M | -95.16M | 9.07M |
| Operating Cash Flow | 15.14M | 7.83M | -61.65M | -75.41M | 35.82M |
| Investing Cash Flow | -112.23M | -14.82M | -3.83M | -7.21M | -291.17M |
| Financing Cash Flow | 117.97M | -3.31M | -1.52M | -2.77M | 227.31M |
Stratasys Technical Analysis
Negative
7.91
Price Trends
9.88
Negative
9.56
Negative
10.24
Negative
Market Momentum
-0.58
Negative
33.93
Neutral
63.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSYS, the sentiment is Negative. The current price of 7.91 is below the 20-day moving average (MA) of 8.44, below the 50-day MA of 9.88, and below the 200-day MA of 10.24, indicating a bearish trend. The MACD of -0.58 indicates Negative momentum. The RSI at 33.93 is Neutral, neither overbought nor oversold. The STOCH value of 63.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSYS.
Stratasys Risk Analysis
Stratasys disclosed 53 risk factors in its most recent earnings report. Stratasys reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Stratasys Peers Comparison
UnderperformOutperform
Sector (61)
SSYS
Stratasys
7.64
-2.48
-24.47%
DDD
3D Systems
1.95
-0.17
-8.02%
NNDM
Nano Dimension
1.69
0.01
0.60%
Stratasys Corporate Events
Stratasys Posts 2025 Loss but Improves Cash Flow and Margins, Issues 2026 Outlook
Mar 5, 2026
On March 5, 2026, Stratasys reported fourth quarter and full-year 2025 results showing revenue declines but improved profitability metrics on a non-GAAP basis. Fourth quarter revenue fell to $140 million from $150.4 million a year earlier, with a ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.