3D SYSTEMS CORP
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flow
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| (in thousands) | September 30, 2026 | September 30, 2025 |
| OPERATING ACTIVITIES | ||
| Net (loss) income before redeemable non-controlling interest | $(50,979) | $49,397 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation and amortization | 15,073 | 16,280 |
| Amortization of debt issuance costs | 1,556 | 993 |
| Stock-based compensation | 5,591 | 1,805 |
| Non-cash operating lease expense | 5,924 | 7,382 |
| Provision for inventory obsolescence | 5,219 | 5,158 |
| Provision for bad debts | 2,439 | 1,458 |
| Gain on the disposition of businesses, property, equipment and other assets | (485) | (126,251) |
| Gain on debt extinguishment | — | (8,203) |
| Provision (benefit) for deferred income taxes and reserve adjustments | 519 | (1,154) |
| Gain on disposal of investment | (2,576) | — |
| Loss on equity method investment, net of taxes | 2,541 | 3,560 |
| Asset impairment charges | 2,857 | — |
| Changes in operating accounts: | ||
| Accounts receivable | (9,767) | 18,288 |
| Inventories | (444) | (15,474) |
| Prepaid expenses and other current assets | 3,340 | (6,422) |
| Accounts payable | (8,338) | (4,844) |
| Deferred revenue and customer deposits | 6,780 | (809) |
| Accrued and other liabilities | 8,717 | (2,645) |
| All other operating activities | (5,469) | (11,650) |
| Net cash used in operating activities | (17,502) | (73,131) |
| INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (8,315) | (7,995) |
| Purchases of short-term and long-term investments | (28,706) | — |
| Purchase of patents | (1,000) | — |
| Proceeds from sale of assets and businesses, net of cash sold | 215 | 119,400 |
| Acquisitions and other investments, net of cash acquired | — | (3,400) |
| Other investing activities | (112) | 271 |
| Net cash (used in) provided by investing activities | (37,918) | 108,276 |
| FINANCING ACTIVITIES | ||
| Proceeds from equity offering | 53,825 | — |
| Equity issuance costs | (693) | — |
| Proceeds from borrowings and long-term debt | — | 92,030 |
| Debt issuance costs | — | (3,425) |
| Repayment of borrowings and long-term debt | — | (169,987) |
| Stock repurchases | — | (14,960) |
| Purchase of non-controlling interest | (900) | — |
| Taxes paid related to net-share settlement of equity awards | (879) | (830) |
| Other financing activities | (1,245) | (1,168) |
| Net cash provided by (used in) financing activities | 50,108 | (98,340) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (22) | 4,553 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (5,334) | (58,642) |
| Cash, cash equivalents and restricted cash at the beginning of the year | 97,100 | 172,881 |
| Cash, cash equivalents and restricted cash at the end of the period | $91,766 | $114,239 |
Continued on next page
Condensed Consolidated Statements of Cash Flows
| (in thousands) | ||
|---|---|---|
| Balances per Condensed Consolidated Balance Sheets: | September 30, 2026 | September 30, 2025 |
| Cash and cash equivalents | $91,339 | $95,542 |
| Restricted cash included in prepaid expenses and other current assets | 128 | 126 |
| Restricted cash included in other assets (a) | 299 | 18,571 |
| Total cash, cash equivalents and restricted cash | $91,766 | $114,239 |
| (in thousands) | Nine Months Ended | |
|---|---|---|
| Supplemental cash flow information | September 30, 2026 | September 30, 2025 |
| Lease assets obtained in exchange for new lease liabilities | $2,571 | $3,155 |
| Cash interest payments | 3,370 | 715 |
| Cash income tax payments, net | 11,582 | 3,820 |
| Transfer of equipment from inventory to property and equipment, net (b) | 2,355 | 3,199 |
| Exchange of assets for investment | — | 1,016 |
| Patents acquired with deferred payment | 1,250 | — |
(a)The balance in restricted cash as of September 30, 2026 primarily relates to minimum balance guarantees required by certain bank accounts that the Company holds. The balance in restricted cash as of September 30, 2025 includes (1) $16.8 million of restricted cash that was required at the time under the indenture for the convertible senior secured notes due 2030 and (2) guarantees in the form of a standby letter of credit as security for a long-term real estate lease. Refer to Note 12 for further information.
(b)Inventory is transferred to property and equipment at cost when we require additional machines for training or demonstration or for placement into on demand manufacturing services locations.
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