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 | $3,381 | +949 |
| 2 | Farsoon | $3,093 | +781 |
| 3 | Xometry | $1,220 | -134 |
| 4 | Proto Labs | $931 | -46 |
| 5 | Stratasys | $701 | -52 |
| 6 | Nano Dimension | $487 | +15 |
| 7 | 3D Systems | $399 | -61 |
| 8 | Materialise | $296 | -15 |
| 9 | Titomic | $192 | -5 |
| 10 | Desktop Metal | $68 | -8 |
| 11 | Markforged | $53 | 0 |
| 12 | AML3D | $42 | -4 |
| 13 | BigRep | $38 | +3 |
| 14 | Aurora Labs | $15 | -2 |
| 15 | Massivit | $8 | +0 |
| 16 | Freemelt | $7 | +4 |
| 17 | Steakholder Foods | $3 | -0 |
| 18 | Sygnis | $3 | -0 |
| TOTAL | $10,938 | +10938 |
This week saw massive valuation losses across most exchanges, almost certainly due to the incredible economic uncertainty generated by the new administration in the US. Investors appreciate stability and certainty, and there isn’t a lot of that going around lately.
Western companies were mostly down or flat, but the two Chinese companies at the top of the list burst upwards, causing the leaderboard total to be positive in spite of negativity everywhere else. The gains by Farsoon and Bright Laser were very substantial, and it’s a combination of steep upward movement on their stock prices, combined with a declining USD conversion rate. Unfortunately, I could not locate any specific information that may have caused the jump.
However, Farsoon did rise some 15% the other week, which resulted in the company appearing on the “龙虎榜” (Dragon and Tiger List). This may have attracted additional stock buyers looking for further bumps — and they got one.
As for Bright Laser, there were no announcements of any kind from the company. However, they’ve been on a steady growth curve, consistently reporting good results. Analysts predict the company’s revenue could grow as much as 69% this year, suggesting a possible reason for the rise in valuation.
The dramatic rises of these two companies caused the leaderboard total to be positive in spite of the carnage experienced by the other companies.
Freemelt hangs around the bottom of the leaderboard, but this week the company saw a massive 200% rise in value. This seems to have occurred on March 6, the same day the company announced an additional product order from Saab. It is always very welcome news when a company experimenting with a product wants more, as it shows confidence in the product. That leads to confidence in the company by investors.
AML3D fell ten percent this week. The company’s valuation had been steadily rising for weeks, culminating in mid-November. That was almost certainly due to a series of military-related announcements that would have attracted investors. However, the stream of these announcements seems to have stopped in January. Correspondingly, the company’s valuation has been consistently slipping since then. It’s now worth half of what it was back in November.
Desktop Metal fell ten percent, continuing a trend triggered by the change of management at Nano Dimension, with which Desktop Metal has a deal to merge. It’s speculated that the merger may be cancelled or at least delayed, resulting in an uncertain stock price.
3D Systems dropped 13% this week, likely because of investors speculating on their upcoming financial results.
Stratasys dropped seven percent due to market conditions and their latest financial results. In their report, the company revealed notably less revenue in 2024 than in 2023, not a good signal. However, due to efficiencies and other steps, the company has been able to eliminate debt entirely, something rare in this industry. Their earlier investment round of US$120M didn’t hurt either.
This was a pretty nasty week, unless you were a Chinese company. Stay tuned for a lot more of this until the economy is straightened out.
Upcoming Changes
We’ve heard very little about companies intending to become publicly traded recently. This is due to the ongoing lack of investor interest in the technology. The technology’s reputation has suffered immensely in the investment community because of multiple large-scale investment failures in the past few years.
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.
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