DDD
3D SYSTEMS CORP
Next earnings Aug 10, 2026 · consensus $-0.05 EPS, $94.7M rev
Last earnings +1.6% on 2026-05-11
$2.80
▼ -2.10%$2.80▲ +84.21%
over 1Y
L $1.52H $3.88
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-2.1%
1W-5.1%
1M-27.8%
3M+51.4%
YTD+51.4%
1Y+84.2%
Sell
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 8 analysts
Buy
The 14.7 P/E is a mirage — a $125.7M divestiture gain masks -$96M operating losses and $88M cash burn on shrinking revenue.
Operating income -$96.1M · FY2025
The read
It screens cheap (~158% below fair value), but the weak fundamentals are why — more potential value trap than bargain.
DDD's only reported profit is fake in the sense that matters. FY2025 net income of $29.9M and diluted EPS of $0.19 exist solely because the company booked a $125.7M pre-tax gain on the April 2025 Geomagic sale (per the MD&A) plus a small 3DXpert/Oqton disposal. Strip that out and the real engine is deeply unprofitable: operating income of -$96.1M (a -24.8% operating margin) and operating cash flow of -$87.8M. The headline 14.7 P/E is therefore not cheap — it is meaningless, priced off a one-time asset sale that cannot recur.
The top line is a four-year slide with no sign of a floor: $616M (2021) → $538M → $488M → $440M → $387M (2025), down another 12.1% YoY, with gross profit falling faster (-20.2%) as margin compresses to 33.9%. Management's response is not growth but retrenchment — the 2025 Restructuring Plan, a May 2025 incremental labor-force cut ($8.5M severance), and R&D slashed 24.8% to $65M. Cutting R&D at a technology hardware company to defend the P&L trades tomorrow's competitiveness for today's survival. The company is effectively liquidating pieces of itself (Geomagic, 3DXpert, Oqton) to fund operations, and a -$1.33B accumulated deficit records how long value has been destroyed here.
Is DDD a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread~60d expiry
- Long put 3 @ ~0.52 est
- Short put 2.5 @ ~0.25 est
debit $27max +$23max −$27BE 2.73
SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $616M | $538M | $488M | $440M | $387M |
| Gross profit | $264M | $214M | $196M | $164M | $131M |
| Operating income | -$33.1M | -$117M | -$406M | -$277M | -$96.1M |
| Net income | $322M | -$123M | -$363M | -$256M | $29.9M |
| Diluted EPS | $2.55 | -$0.96 | -$2.79 | -$1.94 | $0.19 |
| Net margin | 52.3% | -22.8% | -74.3% | -58.1% | 7.7% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$452M
EV / EBITDA—
EV / Sales1.2
EV / FCF—
P / FCF—
PEG (trailing)0.13
Earnings yield6.5%
FCF yield-21.4%
Quality & risk
ROIC (est.)-23.0%
Free cash flow-$97.8M
Total debt$90.3M
Net cash$5.30M
Altman Z-Score-1.94 distress
Piotroski F-Score4/9
Capital returns
Buyback yield3.3%
Dividend yield (est.)—
Shareholder yield3.3%
Shares Δ YoY+7.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-06-05
Entered a new material definitive agreement (financing/commercial deal)
- S-3 Shelf registration (potential raise)2026-05-22
Shelf registration filed—enables future stock/debt issuance, dilution risk
- 8-K Officer / director change2026-05-15
Annual meeting: director/officer changes, bylaw amendment, vote results filed
- 8-K Earnings results2026-05-11
Q1'26 10-Q; continued revenue decline and negative operating cash flow
- 10-Q Quarterly report2026-05-11
Q1'26 10-Q; continued revenue decline and negative operating cash flow
- 8-K Charter / bylaws change2026-04-30
Amended charter/bylaws (governance change)
- DEF 14A Proxy statement2026-04-08
Annual proxy statement for 2026 shareholder meeting
- 8-K Officer / director change2026-03-26
Executive/board change plus Reg FD disclosure
- 8-K Earnings results2026-03-09
FY25: revenue -12% to $387M, but net profit on $125.7M Geomagic gain
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-032026-06-05open ↗424B5Filing2026-06-05open ↗424B5Filing2026-06-03open ↗SDFiling2026-05-29open ↗4Period ending 2026-05-142026-05-29open ↗4Period ending 2026-05-142026-05-29open ↗4Period ending 2026-05-142026-05-29open ↗4Period ending 2026-05-142026-05-29open ↗4Period ending 2026-05-142026-05-29open ↗4Period ending 2026-05-142026-05-29open ↗4Period ending 2026-05-142026-05-29open ↗4Period ending 2026-05-142026-05-29open ↗
Frequently asked
- Is 3D SYSTEMS CORP (DDD) a buy?
- DDD currently carries a Sell rating with 4/5 conviction, derived from its latest SEC filings. The 14.7 P/E is a mirage — a $125.7M divestiture gain masks -$96M operating losses and $88M cash burn on shrinking revenue.
- What is DDD's fair value?
- A Modified-Graham model based on DDD's SEC fundamentals estimates a fair value of about $7.22. It is an estimate from reported earnings, not a price target.
- Is DDD overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, DDD currently appears undervalued relative to its SEC-grounded earnings power.
- What is 3D SYSTEMS CORP's quality score?
- DDD scores 64.41163047478837/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000910638, latest 10-Q filed 2026-05-11) · EODHD · Proprietary analysis · as of 7/3/2026, 4:50:51 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 3, 2026, 12:50 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.