Israeli 3D printer manufacturer Nano Dimension has announced its preliminary fourth quarter (Q4) 2025 revenue alongside business updates.
Based on preliminary and unaudited results, the company said it expects Q4 2025 revenue to be between $35.0 million and $35.5 million, above the guidance range of $31.5 million to $33.5 million it issued in November 2025 (up 11.1% and 6.0% respectively). The company is yet to release its full-year results or file its annual report.
The update comes less than a year after the Israeli manufacturer was compelled by a Delaware court to complete its $179.3 million acquisition of Desktop Metal, whose financial position continued to deteriorate and which filed for Chapter 11 bankruptcy in July 2025. Its key assets, along with assets from ExOne, were later acquired by Arc Impact in a bankruptcy transaction.
That episode followed a period in which Nano Dimension had pursued an acquisition-heavy strategy funded by large capital raises, while continuing to report substantial operating losses. In 2024, shareholder pressure led to a boardroom change and the removal of then-CEO Yoav Stern. In early 2025, the company also closed its acquisition of Markforged, adding another large operating business to the group.
By September 2025, Nano Dimension’s board moved to reset the company’s direction. Ofir Baharav was removed as CEO, and board member David Stehlin assumed his place. At the same time, the board formally launched a strategic alternatives review with the support of Guggenheim Securities and Houlihan Lokey, stating that the process was intended to evaluate options to maximize shareholder value.
Four months later, that review remains ongoing. In this month’s update, the Israeli manufacturer confirmed that the board is still conducting the strategic alternatives process and said it expects to provide further information during its next earnings call alongside the Q4 and FY 2025 financial results.
Legal and corporate transition underway
Alongside the strategic review, Nano Dimension is also in the middle of a corporate restructuring process. On January 1, 2026, the company began its transition from foreign private issuer status to U.S. domestic issuer status, making it subject to domestic periodic reporting under the Securities Exchange Act of 1934.
In practical terms, this shifts Nano Dimension onto the same reporting and disclosure framework used by U.S.-based public companies. The company said it expects to file its Form 10-K in Q1 2026 and to complete the re-domestication in the first half of the year, subject to customary approvals and conditions.
Within this broader transition, the company has pointed to activity in its remaining businesses. Nano Dimension said the fourth quarter included revenue from defense, aerospace, next-generation networking, automotive, and food and beverage markets, and referenced the Markforged and Essemtec businesses. It also said Essemtec expanded its engagement across global markets and continued development work on high-speed assembly systems.
In a statement, Stehlin explained, “The fourth quarter demonstrates the progress we said we would make when I became CEO in September 2025. The entire Nano team stepped up quickly and delivered excellent results. We are operating with greater focus and discipline, reducing cash burn and executing against our priorities, which is translating into stronger revenue performance across the Company.”
Stehlin added that the company will continue to update shareholders as both the strategic review and the re-domestication process move forward.
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Featured image shows Nano Dimension offices in Munich. Photo by Michael Petch.
