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Midas Edge

Nano Dimension Ltd.

For the period ended Mar 31, 2026. Filed May 7, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 7, 2026

NNDM$1.32+5.2%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Item 1. Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (Unaudited)

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data) (Unaudited)

March 31,December 31,
20262025
Assets
Current assets:
Cash and cash equivalents$355,278$204,672
Bank deposits8,781168,997
Marketable equity securities75,71984,154
Restricted bank deposits594123
Trade receivables, net of allowance for doubtful accounts ($939 and $861, respectively)22,70026,047
Inventory31,70332,878
Other current assets10,6228,938
Total current assets505,397525,809
Restricted bank deposits1,2541,610
Property, plant and equipment, net23,62124,840
Operating lease right-of-use assets22,48723,789
Deferred tax assets424424
Goodwill—40,388
Intangible assets, net18,31319,434
Other assets1,7111,930
Total assets$573,207$638,224
Liabilities and Equity
Current liabilities:
Trade payables$12,974$11,999
Accrued liabilities21,08319,514
Deferred revenue13,25011,873
Current portion of lease liability8,6048,923
Current portion of bank loan156158
Total current liabilities56,06752,467
Employee benefits3,6663,697
Operating lease right-of-use liabilities21,56323,323
Bank loan117158
Long-term settlement payable3,1242,974
Long-term deferred revenue3,2263,617
Total liabilities87,76386,236
Commitments and contingencies (Note 11)
Equity:
Share capital of NIS 5 par value each; 500,000,000 ordinary shares authorized; 207,986,287 and 206,811,875 shares outstanding as of March 31, 2026 and December 31, 2025, respectively, and 280,480,934 and 279,306,522 shares issued as of March 31, 2026 and December 31, 2025, respectively.418,969417,084
Additional paid-in capital1,298,3631,297,323
Treasury stock(192,507)(192,507)
Accumulated other comprehensive income1,2411,048
Accumulated loss(1,040,622)(970,960)
Total equity485,444551,988
Total liabilities and equity$573,207$638,224
See Notes to Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except share data) (Unaudited)

Three months ended March 31,
20262025
Revenue:
Product$22,931$11,679
Service6,7942,722
Total revenue29,72514,401
Cost of revenue:
Product14,2227,081
Service3,3761,479
Total cost of revenue17,5988,560
Gross profit12,1275,841
Operating expenses:
Research and development8,2045,944
Sales and marketing9,6925,644
General and administrative15,2095,667
Restructuring3,1271,180
Desktop Metal litigation—28,069
Impairment losses40,3881,229
Operating loss(64,493)(41,892)
(Loss) gain on investment in marketable equity securities(8,435)8,726
Finance income3,5129,320
Finance expense(246)(1,679)
Loss before income taxes(69,662)(25,525)
Income tax expense—(23)
Net loss(69,662)(25,548)
Less: Net loss attributable to non-controlling interests—(236)
Net loss attributable to common shareholders$(69,662)$(25,312)
Net loss attributable to common shareholders:
Basic and diluted$(0.34)$(0.12)
Weighted average common shares outstanding, basic and diluted207,504216,462
Net loss$(69,662)$(25,548)
Other comprehensive income:
Foreign currency translation adjustment193593
Comprehensive loss(69,469)(24,955)
Less: Comprehensive loss attributable to non-controlling interests—(224)
Comprehensive loss attributable to common shareholders$(69,469)$(24,731)
See Notes to Condensed Consolidated Financial Statements.
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.