Stratasys Q4 2025 Revenue Drops to $140M — But Cost Cuts Drive Improved Profitability

Revenue Pressure Continues, But Discipline Pays Off

Stratasys (Nasdaq: SSYS) entered 2026 after a difficult year for revenue, but with tighter cost control and improved cash flow. The company's latest financial results show revenue remains under pressure, but management says its focus on discipline and stability is helping prepare for the industry's next phase of growth.

For Q4 2025, Stratasys reported revenue of $140 million, down from $150.4 million in the same period a year earlier. The company posted a net loss of $18.9 million, or 22 cents per share. Last year's quarter included a one-time loss tied to Stratasys' investment in UltiMaker.

On an adjusted basis, Stratasys remained profitable, reporting net income of $6.2 million, or 7 cents per share.

Full Year Results

For the full year, revenue came in at $551.1 million, compared to $572.5 million in 2024. The company recorded a full-year net loss of $104.3 million, or $1.28 per share. However, adjusted net income rose to $12.7 million, or 15 cents per share, up from $4.2 million the year before.

The real story is in cost control. Revenue remains under pressure, especially for new systems, but Stratasys has kept parts of the business stable through cost controls, recurring revenue, and tighter operations.

Systems Slump, Consumables Grow

In Q4, product revenue fell to $97.6 million from $105.1 million a year earlier. Within that, system revenue was $37.8 million, down from $46.7 million in the prior-year period, as many customers continued to hold back on capital purchases.

However, consumables revenue rose to $59.8 million, up 2.4% year over year. That is an important metric, because consumables sales often indicate how actively customers are using their printers.

For the full year, consumables revenue fell to $248.7 million from $261.7 million, but the Q4 trend suggests stabilization.

Looking Ahead

During the earnings call, CFO Eitan Zamir said the year-over-year change in gross margin was the result of tariff impact, lower revenues, and change in mix. Even so, Stratasys was able to improve expenses, with Q4 operating expenses falling to $72.2 million from $79.4 million.

The message feels even more relevant coming just days after Stratasys CEO Yoav Zeif delivered the keynote address on the State of the AM Industry at Additive Manufacturing Strategies (AMS) 2026 in New York, where he positioned Stratasys as a company prepared for the next phase of AM growth.