Once again we take a look at the valuations of the major 3D printing companies over the past week.
Publicly traded companies are required to post their financial reports, as well as appear on stock markets. From there we can calculate the total value of their company by multiplying the current stock price by the number of outstanding shares. This number is the market capitalization, and represents the current valuation of the company.
It’s a great number of compare companies, as the market capitalization can be leveraged to provide more capabilities for the company. Shares could, for example, be used as collateral for a loan. That and similar maneuvers could generate cash with which the company might undertake new projects.
In other words, “market cap”, as it is known, is quite important.
You might think it’s not important to monitor these companies each week, as their value is realized only when stocks are sold. However, events happen to companies occasionally that cause their value to rise and fall, and this weekly post is where we track such things.
Note that our list here does not include all major 3D print companies. Not all 3D print companies are publicly traded, and thus we cannot officially know their true size, such as EOS. Others, like HP or Siemens, have very large 3D printing divisions, but are part a much larger enterprises and we cannot know the true size of their 3D printing activities.
Let’s take a look at the 3D printing companies on this week’s list.
3D Printing Leaderboard
| RANK | COMPANY | CAP | CHG |
| 1 | Bright Laser | $1,726 | -367 |
| 2 | Xometry | $1,108 | +152 |
| 3 | Farsoon | $1,076 | -115 |
| 4 | Proto Labs | $956 | +284 |
| 5 | Stratasys | $522 | +22 |
| 6 | Nano Dimension | $481 | -30 |
| 7 | 3D Systems | $453 | +67 |
| 8 | Materialise | $366 | +14 |
| 9 | Desktop Metal | $164 | +1 |
| 10 | Titomic | $150 | +12 |
| 11 | Markforged | $90 | -3 |
| 12 | AML3D | $42 | -4 |
| 13 | Aurora Labs | $19 | -2 |
| 14 | BigRep | $18 | -8 |
| 15 | Velo3D | $10 | +1 |
| 16 | Steakholder Foods | $8 | -0 |
| 17 | Massivit | $8 | -2 |
| 18 | Freemelt | $5 | -2 |
| 19 | Sygnis | $3 | +0 |
| TOTAL | $7,205 | +20 |
This week was pretty flat, with most companies seeing small moves up or down. However, there were several notable exceptions.
At the top of the leaderboard, both Bright Laser and Farsoon suffered significant decreases in value. Between the two of them, almost US$500M in value was lost, most likely due to larger trends on the Chinese stock markets this week.
The downward shift of those companies allowed for a change in ranking: Xometry re-took second spot, leaping over Farsoon with a gain of almost 17%. This is most likely anticipation of good news from their upcoming financials release.
Proto Labs also gained a massive 41% in value this week. That’s quite significant, and it seems to be due to the company providing guidance for upcoming revenue estimates, which were quite positive. The gain was so significant that they’ve almost caught up to their peak back in late 2023.
The three amigos, Nano Dimension, Stratasys and 3D Systems, shifted around slightly. Nano Dimension fell by six percent, while Stratasys rose five, and 3D systems gained 17%. This places Stratasys in the lead of the three, followed by Nano Dimension and 3D Systems. Only US$72M separates these evenly-sized operations this week.
Titomic continued its surprising rise, adding another nine percent value this week. The company, now worth an incredible US$150M, defies the trends. It seems that their plans for metal 3D printing expansion into the US is being well received.
On the other side we have BigRep, which entered the market only a few months ago via a SPAC valued at US$230M. This week the company lost value again, suffering a whopping 31% decrease. This puts their total valuation at only US$18M, some 22% of their initial valuation. They have now been overtaken by Aurora Labs on the leaderboard.
Upcoming Changes
One company I’ve started to watch is ICON, the Texas-based construction 3D printer manufacturer. This privately-held company has been raising a significant amount of investment to the tune of almost half a billion dollars. At that level it is likely they will be discussing a transition to public markets at some point, which would certainly place them at or near the top of our leaderboard.
Another company that would seem logical to go public is VulcanForms, a manufacturing service using an advanced metal 3D printing process. They are currently privately valued at over US$1B, and going public could cause that to go even higher.
If you are aware of any other publicly-traded 3D print companies that should be on our leaderboard, please let us know!
Others In The Industry
While we’ve been following the public companies, don’t forget there are a number of private companies that don’t appear on any stock exchange. These privately-held companies likely have significant value, it’s just that we can’t know exactly what it is at any moment. The suspected bigger companies include EOS, Carbon and Formlabs.
Perhaps someday some of them will appear on our major players list.
Related Companies
Finally, there are a number of companies that are deeply engaged in the 3D print industry, but that activity is only a small slice of their operations. Thus it’s not fair to place them on the lists above because we don’t really know where their true 3D print activities lie.
