NNDM (Nano Dimension Ltd.) Stock Financials & Earnings | Market Cap Arena

NNDM (Nano Dimension Ltd.) Stock Financials & Earnings | Market Cap Arena

NNDMNano Dimension Ltd.

Mkt Cap$408M

Technology·Computer Hardware·🇮🇱 Israel·NASDAQ

Revenue (TTM)$82M

Net Income (TTM)-$267M

EPS (TTM)-$1.22

Free Cash Flow (TTM)-$120M

Gross Margin31.8%

Op. Margin-170.8%

Net Margin-326.4%

FCF Margin-147.0%

P/S Ratio (TTM)5.0x

P/E Ratio (TTM)—

YoY Rev Growth+41.8%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$12M	$8M	-$32M
Q1 23	$15M	$7M	-$31M
Q2 23	$15M	$6M	-$30M
Q3 23	$12M	$5M	-$36M
Q4 23	$14M	$7M	-$27M
Q1 24	$13M	$6M	-$19M
Q2 24	$15M	$7M	-$21M
Q3 24	$15M	$7M	-$20M
Q4 24	$15M	$5M	-$26M
Q1 25	$14M	$6M	-$40M
Q2 25	$26M	$7M	-$40M
Q3 25	$27M	$8M	-$33M

Valuation

Quarter	P/S	P/E
Q4 22	9.4x	—
Q1 23	8.5x	—
Q2 23	7.9x	—
Q3 23	7.6x	—
Q4 23	7.3x	—
Q1 24	7.5x	—
Q2 24	7.4x	—
Q3 24	7.1x	—
Q4 24	7.1x	—
Q1 25	6.9x	—
Q2 25	5.9x	—
Q3 25	5.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	-$26M	-$30M
Q1 23	-$28M	-$260M
Q2 23	-$28M	-$31M
Q3 23	-$20M	-$23M
Q4 23	-$29M	-$29M
Q1 24	$4M	$3M
Q2 24	-$12M	-$13M
Q3 24	-$14M	-$14M
Q4 24	-$12M	-$13M
Q1 25	-$20M	-$21M
Q2 25	-$46M	-$46M
Q3 25	-$40M	-$40M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$3M
Q1 23	$232M
Q2 23	$3M
Q3 23	$3M
Q4 23	$32K
Q1 24	$2M
Q2 24	$393K
Q3 24	$490K
Q4 24	$537K
Q1 25	$295K
Q2 25	$166K
Q3 25	$212K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+60.7%	+21.4%
Q1 23	+43.5%	+6.5%
Q2 23	+32.8%	+4.5%
Q3 23	+21.6%	+9.9%
Q4 23	+19.4%	-5.8%
Q1 24	-10.7%	-30.0%
Q2 24	+1.3%	-20.8%
Q3 24	+22.2%	-27.0%
Q4 24	+0.8%	-1.9%
Q1 25	+7.8%	+68.5%
Q2 25	+73.0%	+84.0%
Q3 25	+81.0%	+70.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$6M	49.0%
Q1 23	$6M	40.9%
Q2 23	$5M	36.8%
Q3 23	$4M	35.1%
Q4 23	$4M	29.7%
Q1 24	$3M	25.9%
Q2 24	$3M	22.6%
Q3 24	$4M	26.6%
Q4 24	$3M	21.2%
Q1 25	-$2M	-16.7%
Q2 25	$4M	15.7%
Q3 25	$1M	5.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 22	$21M	$9M	$10M
Q1 23	$19M	$11M	$7M
Q2 23	$16M	$12M	$8M
Q3 23	$13M	$21M	$8M
Q4 23	$14M	$14M	$8M
Q1 24	$9M	$10M	$7M
Q2 24	$9M	$9M	$7M
Q3 24	$10M	$10M	$7M
Q4 24	$9M	$12M	$6M
Q1 25	$5M	$3M	$6M
Q2 25	$8M	$22M	$10M
Q3 25	$9M	$14M	$10M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$685M	$347M	$1.0B
Q1 23	$412M	$574M	$986M
Q2 23	$455M	$500M	$954M
Q3 23	$489M	$383M	$873M
Q4 23	$310M	$542M	$852M
Q1 24	$252M	$541M	$793M
Q2 24	$232M	$532M	$764M
Q3 24	$214M	$547M	$761M
Q4 24	$317M	$441M	$758M
Q1 25	$487M	$257M	$745M
Q2 25	$185M	$254M	$438M
Q3 25	$299M	$214M	$514M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	258M	+0.1%
Q1 23	247M	-4.2%
Q2 23	253M	+2.5%
Q3 23	256M	+1.2%
Q4 23	207M	-19.4%
Q1 24	232M	+12.2%
Q2 24	220M	-5.2%
Q3 24	167M	-24.1%
Q4 24	218M	+30.8%
Q1 25	216M	-1.0%
Q2 25	218M	+0.9%
Q3 25	218M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	—	—
FY 14	—	—
FY 15	$194	31
FY 16	$708	65
FY 17	$10K	89
FY 18	$78K	65
FY 19	$79K	89
FY 20	$37K	91
FY 21	$31K	338
FY 22	$129K	338
FY 23	$125K	450
FY 24	$104K	553