MKFG · Markforged Holding Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue | $85.09M | $93.78M | $100.96M | $71.85M | - |
| Cost of Revenue | $44.02M | $49.37M | $50.25M | $29.92M | - |
| Gross Profit | $41.07M | $44.41M | $50.71M | $41.93M | - |
| R&D | $32.44M | $40.74M | $42.39M | $17.18M | - |
| SG&A | $45.91M | $47.76M | $50.43M | $20.08M | - |
| Total Operating Expenses | $127.75M | $155.79M | $137.79M | $59.67M | - |
| D&A | - | - | - | $1.79M | - |
| Operating Income | ($86.68M) | ($111.38M) | ($87.08M) | ($17.74M) | - |
| Interest Expense | $848.0K | $373.0K | $11.0K | $98.0K | - |
| Income Tax | ($1.24M) | ($586.0K) | ($418.0K) | $111.0K | - |
| Net Income | ($85.57M) | ($103.57M) | ($25.39M) | ($17.98M) | - |
| EPS - Basic | ($4.22) | ($0.53) | ($0.13) | ($0.49) | - |
| EPS - Diluted | ($4.22) | ($0.53) | ($0.13) | ($0.49) | - |
Balance Sheet
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Cash & Equivalents | $53.63M | $116.85M | $124.24M | $288.60M | $919.8K |
| Accounts Receivable | $20.55M | $24.06M | $29.29M | $26.78M | - |
| Inventory | $22.36M | $26.77M | $26.41M | $10.38M | - |
| Accounts Payable | $16.34M | $13.23M | $14.43M | $11.40M | $115.4K |
| Current Assets | $101.25M | $172.46M | $229.82M | $330.19M | $1.23M |
| Total Assets | $168.92M | $247.95M | $345.94M | $337.31M | $216.31M |
| Current Liabilities | $40.83M | $40.75M | $40.96M | $25.41M | $140.2K |
| Long-term Debt | - | - | - | $0 | - |
| Total Liabilities | $82.41M | $86.34M | $93.39M | $93.14M | $7.67M |
| Stockholders' Equity | $86.50M | $161.61M | $252.55M | $244.17M | $5.00M |
| Retained Earnings | ($290.23M) | ($204.66M) | ($101.10M) | ($75.71M) | ($304.6K) |
Cash Flow
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($61.28M) | ($48.90M) | ($73.52M) | ($6.46M) | - |
| Investing Cash Flow | ($1.43M) | $42.10M | ($90.90M) | ($522.0K) | - |
| Financing Cash Flow | ($1.16M) | ($520.0K) | $1.55M | $5.93M | - |
| CapEx | $1.43M | $3.59M | $11.41M | $640.0K | - |
| Free Cash Flow | ($62.71M) | ($52.49M) | ($84.94M) | ($7.10M) | - |
Ratios
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 48.3% | 47.4% | 50.2% | 58.4% | - |
| Operating margin | -101.9% | -118.8% | -86.3% | -24.7% | - |
| EBITDA margin | - | - | - | -22.2% | - |
| Net margin | -100.6% | -110.4% | -25.1% | -25.0% | - |
| Free cash flow margin | -73.7% | -56.0% | -84.1% | -9.9% | - |
| FCF / Net income | 0.73 | 0.51 | 3.35 | 0.39 | - |
| R&D / Revenue | 38.1% | 43.4% | 42.0% | 23.9% | - |
| SG&A / Revenue | 54.0% | 50.9% | 49.9% | 27.9% | - |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -50.7% | -41.8% | -7.3% | -5.3% | - |
| Return on equity | -98.9% | -64.1% | -10.1% | -7.4% | - |
| Return on invested capital | - | - | - | -5.7% | - |
| Liquidity | |||||
| Current ratio | 2.48 | 4.23 | 5.61 | 12.99 | 8.80 |
| Quick ratio | 1.93 | 3.58 | 4.97 | 12.59 | 8.80 |
| Cash ratio | 1.31 | 2.87 | 3.03 | 11.36 | 6.56 |
| Leverage | |||||
| Debt / Equity | - | - | - | 0.00 | - |
| Debt / Assets | - | - | - | 0.00 | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | -102.2x | -298.6x | -7916.7x | -181.0x | - |
| Equity multiplier | 1.95 | 1.53 | 1.37 | 1.38 | 43.26 |
| Liabilities / Assets | 0.49 | 0.35 | 0.27 | 0.28 | 0.04 |
| Efficiency | |||||
| Asset turnover | 0.50 | 0.38 | 0.29 | 0.21 | - |
| Inventory turnover | 1.97 | 1.84 | 1.90 | 2.88 | - |
| Days sales outstanding | 88d | 94d | 106d | 136d | - |
| Days inventory outstanding | 185d | 198d | 192d | 127d | - |
| Days payable outstanding | 135d | 98d | 105d | 139d | - |
| Cash conversion cycle | 138d | 194d | 193d | 124d | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | -9.3% | -7.1% | 40.5% | - | - |
| Revenue CAGR (3y) | 5.8% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -7.5% | -12.4% | 20.9% | - | - |
| Operating income growth (YoY) | 22.2% | -27.9% | -390.9% | - | - |
| Net income growth (YoY) | 17.4% | -307.9% | -41.2% | - | - |
| EPS growth (YoY) | -696.2% | -307.7% | 73.5% | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -19.5% | 38.2% | -1096.5% | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -46.5% | -36.0% | 3.4% | 4783.4% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$85.09M totalHardware$49.10M · 57.7%
Consumables$23.39M · 27.5%
Service$12.59M · 14.8%
Geographic
$121.59M totalAmericas$41.30M · 34.0%
US$36.50M · 30.0%
EMEA$25.38M · 20.9%
Asia Pacific$18.42M · 15.1%
Stability scores
Altman Z′
FY 2024 · bankruptcy risk
-1.85
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2024 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Computer Peripheral Equipment, NEC
Comparing Markforged Holding Corp against the 5 most active filers in the same SIC group.