Slide 1: Q2 2025 Results
Q2 2025 Results Speakers Dr. Yoav Zeif, CEO Eitan Zamir, CFO Yonah Lloyd, CCO & VP IR August 13, 2025 Make additive work for you
Slide 2: Conference Call and Webcast Link
Conference Call and Webcast Link US Toll-Free Dial-In 1-877-407-0619 International Dial-In +1-412-902-1012 Live Webcast and Replay
Slide 3: Forward-Looking Statements
Forward-Looking Statements Cautionary Statement Regarding Forward- Looking Statements The statements in this slide presentation regarding Stratasys' strategy, and the statements regarding its projected future financial performance, including the financial guidance concerning its expected results for
Slide 4: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information Use of Non-GAAP Financial Measures The non-GAAP data included herein, but not limited, which excludes certain items as described below, are non-GAAP financial measures. Our management believes that these non-GAAP financial measures are useful information for inv
Slide 5: Dr. Yoav Zeif, CEO
Dr. Yoav Zeif CEO ▪ Results aligned with expectations reflecting the resilience of our recurring revenue and reliance on our technologies ▪ Engagement strong despite uncertain environment around macro and tariff policies, with customer capital spending disciplined awaiting signs of normalcy to emerg
Slide 6: Launched New US Tooling Center
Launched New US Tooling Center Launched Tooling Center with Automation Intelligence in Michigan ▪ Helps manufacturers validate and scale additive manufacturing applications for production. ▪ Stratasys F3300 and F900 3D printers demonstrate jigs, fixtures, end-of-arm tooling and auto components. ▪ Ex
Slide 7: Customer Success – GM / Toyota
Customer Success – GM / Toyota Strategic Collaboration with GM shows transformative power additive manufacturing brings to production Toyota uses all five Stratasys technologies to improve ▪ 20+ years relationship. product development and production process ▪ One of the largest additive facilities i
Slide 8: Aerospace and Medical Update
Aerospace and Medical Update ▪ Blue Origin purchased multiple Neo800 SL systems for ▪ Stratasys J5 DAP anatomical model solution, targeting production of investment casting patterns. thousands of hospitals worldwide and seeing positive traction ▪ Leading aerospace manufacturer, space technology trai
Slide 9: Materials and Software Update
Materials and Software Update ▪ Exclusive agreement with trinckle 3D GmbH to integrate fixturemate into GrabCAD PrintPro for designing production-ready fixtures using ▪ Launched P3 Silicone 25A high-performance material developed intelligent automation, allowing manufacturers to create secure, throu
Slide 10: Eitan Zamir, CFO
Eitan Zamir CFO ▪ Results once again demonstrate the resilience of our operating model ▪ Delivered positive adjusted operating income and adjusted net income, compared to losses in both in the year-ago period, despite a slight revenue increase and lower gross margins vs. Q2’24 ▪ Full run-rate contri
Slide 11: Q2 2025 Revenues
Q2 2025 Revenues Quarterly Trend Revenue Breakdown Products Services Consumables Systems Services 150.4 150.4 138.0 140.0 136.0 138.1 138.0 140.0 136.0 138.1 45.3 45.3 44.4 45.9 42.2 43.3 44.4 45.9 42.2 43.3 29.0 31.7 46.7 31.2 30.6 93.6 94.1 105.1 93.8 94.8 64.6 62.4 58.4 62.6 64.2 Q2'24 Q3'24 Q4'2
Slide 12: Q2 2025 Gross Margins
Q2 2025 Gross Margins GAAP Non-GAAP Products Gross Margin Total Gross Margin Services Gross Margin 55.6% 55.1% 54.7% 54.3% 53.4% 50.0% 47.4% 49.3% 49.8% 49.0% 50.0% 49.6% 49.3% 47.4% 47.2% 49.0% 49.6% 49.6% 48.7% 48.3% 47.7% 44.6% 44.4% 44.8% 44.8% 44.8% 43.8% 40.5% 43.8% 44.3% 46.3% 38.4% 43.1% 35.
Slide 13: Q2 2025 Operating Expenses
Q2 2025 Operating Expenses Significant improvement driven by our cost savings initiatives GAAP Non-GAAP Operating Expenses Operating Expenses (absolute and as a percentage of revenues) (absolute and as a percentage of revenues) 62.7% 51.3% 41.0% 55.1% 46.9% 86.5 76.1 70.9 64.7 Q2'24 Q2'25 Q2'24 Q2'2
Slide 14: Q2 2025 Operating and Earnings
Q2 2025 Operating and Earnings GAAP Operating Loss Non-GAAP Operating Income (Loss) (2.3%) in Q2’24 vs 0.8% in Q2’25 out of total revenue 1.1 (26.0) (16.6) )3.2( Q2’24 Q2’25 Q2’24 Q2’25 GAAP Net Loss EPS diluted ($0.36) in Q2’24 vs ($0.20) in Q2’25 Non-GAAP Net Income (Loss) EPS diluted ($0.04) in Q
Slide 15: Strong Balance Sheet Positioned for Value-Enhancing Opportunities
Strong Balance Sheet Positioned for Value-Enhancing Opportunities Cash Flow from Operating Activities Balance Sheet Items Q2-24 Q1-25 Q2-25 Cash and Cash Equivalents and Short- 150.9 150.1 254.6 (1.1) term deposits Accounts Receivable 150.5 156.2 157.9 (2.4) Inventories 196.5 169.9 164.6 Net Working
Slide 16: 2025 Full-Year Outlook Updated
2025 Full-Year Outlook Updated $550M – $560M 46.7% – 47.0% $248M – $251M Revenues Non-GAAP Non-GAAP Q3: Slightly below or above Q2 Gross Margins Operating Expenses Q4: Higher sequential growth $11M – $13M 1.5% – 2.0% $30M – $32M $20M – $25M $0.13 – $0.16 Adjusted Net Income Adjusted EBITDA Non-GAAP
Slide 17: Summary
Dr. Yoav Zeif CEO Summary ▪ Stratasys differentiated approach and business model continues to demonstrate remarkable adaptability due to our cost discipline, innovation leadership, and the increasingly mission-critical role our solutions play in customer operations ▪ Focus on high-value applications
Slide 18: Thank You
THANK YOU Make additive work for you
Slide 19: Appendix – Comparison of Q2 2025 to Q2 2024 Key Metrics
Appendix – Comparison of Q2 2025 to Q2 2024 Key Metrics GAAP Non-GAAP Q2-24 Q2-25 Change Y/Y Q2-24 Q2-25 Change Y/Y Total Revenue 138.0 138.1 0.1% 138.0 138.1 0.1% Gross Profit 60.5 59.5 (1.0) 67.7 65.8 (1.9) ▪% Margin 43.8% 43.1% -0.7% 49.0% 47.7% -1.3% Operating Income (Loss) (26.0) (16.6) 9.4 (3.
Slide 20: Appendix - Reconciliation of GAAP to Non-GAAP Results of Operations
Appendix - Reconciliation of GAAP to Non-GAAP Results of Operations Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP Gross Profit (1) $ 59,494 $ 6,323 $ 65,817 $ 60,500 $ 7,175 $ 67,675 Operating income (loss) (1,2) (16,620) 17,736
Slide 21: Appendix - Reconciliation of GAAP Net Loss to Adjusted EBITDA
Appendix - Reconciliation of GAAP Net Loss to Adjusted EBITDA Three Months Ended June 30, 2025 2024 Net loss $ (16,745) $ (25,743) Financial expenses (income), net (3,286) 726 Income tax expenses 1,041 762 Share in losses (profits) of associated companies 2,370 (1,788) Depreciation expenses 5,129 5,