As the additive manufacturing industry continues to rapidly grow and evolve, so too does the financing that enables the technology innovation. ‘Printing Money’ takes a deeper look at the transactions behind some of the most innovative 3D printing businesses. We explore everything from mergers, acquisitions, fundraising, and the public markets, while considering broader technology trends and market movements in the AM industry. Each episode, we’ll dive into the latest investments in the 3D printing industry and understand how they’ll shape the future of the industry. With our combined expertise in finance and additive manufacturing, we’ll give you the context you need to better understand the deals done in our industry.
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As the additive manufacturing industry continues to rapidly grow and evolve, so too does the financing that enables the technology innovation. ‘Printing Money’ takes a deeper look at the transactions behind some of the most innovative 3D printing businesses. We explore everything from mergers, acquisitions, fundraising, and the public markets, while considering broader technology trends and market movements in the AM industry. Each episode, we’ll dive into the latest investments in the 3D printing industry and understand how they’ll shape the future of the industry. With our combined expertise in finance and additive manufacturing, we’ll give you the context you need to better understand the deals done in our industry.
Printing Money Episode 33: Q2 2025 Public 3D Printing Earnings Review with Troy Jensen, Cantor Fitzgerald
Printing Money
29 minutes 15 seconds
3 weeks ago
Printing Money Episode 33: Q2 2025 Public 3D Printing Earnings Review with Troy Jensen, Cantor Fitzgerald
Welcome to Printing Money Episode 33!
Troy Jensen (Managing Director, Cantor Fitzgerald) returns in joining Danny to help our audience analyze the Q2 2025 earnings season.
Danny and Troy parse the financials and offer impactful analysis of earnings reports from DDD, SSYS, MTLS, NNDM, and Nikon SLM Solutions (Nikon: 7731.JP), guidance from EOS and Formlabs, and a lot more.
Danny opens the episode noting some recent notable private financings and Troy picks up on that noting recent uplift in public 3DP/AM companies’ pricing. Despite that uplift, one theme of this episode is the far healthier multiples that Chinese 3DP/AM companies enjoy in their market. Other themes include the Nano Dimension unwind and speculation on a landing place for Markforged, and reshoring and aerospace/defense as drivers for the 3DP/AM industry,
We are reviewing Q2 2025 reporting, yet we are already in Q4 -- maybe President Trump might actually temper the quarterly reporting hamster wheel. Perhaps while the President is at it, he could also mandate more punctual reporting so we can really stay current here on the Printing Money pod.
Jokes and light tone aside, we encourage you to listen to this and all Printing Money episodes for informed and incisive coverage of the 3DP/AM markets.
Please enjoy Episode 33 and check out our previous episodes too.
This episode was recorded October 16, 2025.
Timestamps:
00:12 – Welcome to Episode 33 and welcome back to Troy Jensen
00:30 – Notable private financings since Troy last joined Printing Money in July (Divergent $290M, Caracol $40M)
01:07 – The public AM markets since July, and already looking at 2026
02:48 – 3D Systems (DDD) Q2 2025 earnings analysis and the Align (ALGN) story
06:01 – Fair market value? DDD stock price has improved since July
26:50 – European growth in aerospace & defense bodes well for AM
27:27 – Looking ahead to a Q3 review pretty soon, and expectations for Q4
28:32 – See you in a few weeks at Formnext 2025 in Frankfurt
28:46 – Thanks again to Troy, and thanks for listening!
Disclaimer:
This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or ...
Printing Money
As the additive manufacturing industry continues to rapidly grow and evolve, so too does the financing that enables the technology innovation. ‘Printing Money’ takes a deeper look at the transactions behind some of the most innovative 3D printing businesses. We explore everything from mergers, acquisitions, fundraising, and the public markets, while considering broader technology trends and market movements in the AM industry. Each episode, we’ll dive into the latest investments in the 3D printing industry and understand how they’ll shape the future of the industry. With our combined expertise in finance and additive manufacturing, we’ll give you the context you need to better understand the deals done in our industry.
