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 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $20.48M | $21.69M | $20.55M | - | $20.07M | $25.45M | - | $25.21M | $20.42M |
| Cost of Revenue | - | $10.44M | $10.81M | $10.41M | - | $10.91M | $13.48M | - | $12.96M | $8.50M |
| Gross Profit | - | $10.04M | $10.88M | $10.13M | - | $9.17M | $11.97M | - | $12.25M | $11.92M |
| R&D | - | $7.85M | $9.06M | $9.94M | - | $9.72M | $10.29M | - | $10.42M | $6.44M |
| SG&A | - | $11.16M | $10.33M | $12.16M | - | $12.20M | $12.12M | - | $12.87M | $13.48M |
| Total Operating Expenses | - | $27.58M | $27.92M | $47.24M | - | $59.59M | $32.07M | - | $35.08M | $22.66M |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | ($17.54M) | ($17.04M) | ($37.11M) | - | ($50.42M) | ($20.10M) | - | ($22.83M) | ($23.81M) |
| Interest Expense | - | $169.0K | $170.0K | $154.0K | - | $127.0K | $116.0K | - | $2.0K | $9.0K |
| Income Tax | - | ($188.0K) | ($278.0K) | ($184.0K) | - | ($233.0K) | ($358.0K) | - | $3.0K | $4.0K |
| Net Income | - | ($23.37M) | ($14.40M) | ($35.95M) | - | ($51.36M) | ($18.99M) | - | ($22.97M) | $4.08M |
| EPS - Basic | - | ($1.15) | ($0.07) | ($0.18) | - | ($0.26) | ($0.10) | - | ($0.12) | ($0.28) |
| EPS - Diluted | - | ($1.15) | ($0.07) | ($0.18) | - | ($0.26) | ($0.10) | - | ($0.12) | $0.02 |
Balance Sheet
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $53.63M | $59.28M | $73.39M | $107.92M | $116.85M | $98.17M | $85.66M | $124.24M | $181.81M | $243.22M |
| Accounts Receivable | $20.55M | $19.90M | $21.61M | $21.49M | $24.06M | $22.30M | $27.10M | $29.29M | $30.14M | $26.57M |
| Inventory | $22.36M | $21.67M | $22.56M | $23.79M | $26.77M | $28.72M | $29.61M | $26.41M | $24.56M | $19.32M |
| Accounts Payable | $16.34M | $10.32M | $8.75M | $11.88M | $13.23M | $11.61M | $11.64M | $14.43M | $10.79M | $10.52M |
| Current Assets | $101.25M | $125.58M | $140.67M | $158.27M | $172.46M | $182.45M | $197.02M | $229.82M | $243.07M | $292.96M |
| Total Assets | $168.92M | $197.24M | $211.79M | $231.63M | $247.95M | $257.44M | $304.87M | $345.94M | $351.87M | $356.14M |
| Current Liabilities | $40.83M | $52.48M | $53.89M | $60.05M | $40.75M | $36.02M | $36.19M | $40.96M | $35.25M | $33.54M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $82.41M | $99.29M | $94.40M | $103.73M | $86.34M | $86.80M | $85.81M | $93.39M | $93.80M | $89.79M |
| Stockholders' Equity | $86.50M | $97.96M | $117.40M | $127.90M | $161.61M | $170.64M | $219.06M | $252.55M | $258.06M | $266.35M |
| Retained Earnings | ($290.23M) | ($278.38M) | ($255.01M) | ($240.61M) | ($204.66M) | ($190.47M) | ($139.10M) | ($101.10M) | ($90.36M) | ($67.39M) |
Cash Flow
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($7.42M) | - | ($15.54M) | - | - | - | - |
| Investing Cash Flow | - | - | - | ($1.32M) | - | ($18.10M) | - | - | - | - |
| Financing Cash Flow | - | - | - | ($181.0K) | - | $62.0K | - | - | - | - |
| CapEx | - | - | - | $1.32M | - | $1.65M | - | - | - | - |
| Free Cash Flow | - | - | - | ($8.74M) | - | ($17.19M) | - | - | - | - |
Ratios
| Metric | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 49.0% | 50.2% | 49.3% | - | 45.7% | 47.0% | - | 48.6% | 58.4% |
| Operating margin | - | -85.6% | -78.6% | -180.6% | - | -251.2% | -79.0% | - | -90.6% | -116.6% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | -114.1% | -66.4% | -174.9% | - | -255.9% | -74.6% | - | -91.1% | 20.0% |
| Free cash flow margin | - | - | - | -42.5% | - | -85.6% | - | - | - | - |
| FCF / Net income | - | - | - | 0.24 | - | 0.33 | - | - | - | - |
| R&D / Revenue | - | 38.3% | 41.8% | 48.4% | - | 48.4% | 40.4% | - | 41.3% | 31.6% |
| SG&A / Revenue | - | 54.5% | 47.6% | 59.2% | - | 60.8% | 47.6% | - | 51.1% | 66.0% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | 0.1% |
| Return on assets | - | -11.8% | -6.8% | -15.5% | - | -20.0% | -6.2% | - | -6.5% | 1.1% |
| Return on equity | - | -23.9% | -12.3% | -28.1% | - | -30.1% | -8.7% | - | -8.9% | 1.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.48 | 2.39 | 2.61 | 2.64 | 4.23 | 5.06 | 5.44 | 5.61 | 6.90 | 8.73 |
| Quick ratio | 1.93 | 1.98 | 2.19 | 2.24 | 3.58 | 4.27 | 4.63 | 4.97 | 6.20 | 8.16 |
| Cash ratio | 1.31 | 1.13 | 1.36 | 1.80 | 2.87 | 2.73 | 2.37 | 3.03 | 5.16 | 7.25 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -103.8x | -100.2x | -241.0x | - | -397.0x | -173.3x | - | -11414.0x | -2645.9x |
| Equity multiplier | 1.95 | 2.01 | 1.80 | 1.81 | 1.53 | 1.51 | 1.39 | 1.37 | 1.36 | 1.34 |
| Liabilities / Assets | 0.49 | 0.50 | 0.45 | 0.45 | 0.35 | 0.34 | 0.28 | 0.27 | 0.27 | 0.25 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.10 | 0.10 | 0.09 | - | 0.08 | 0.08 | - | 0.07 | 0.06 |
| Inventory turnover | - | 0.48 | 0.48 | 0.44 | - | 0.38 | 0.46 | - | 0.53 | 0.44 |
| Days sales outstanding | - | 355d | 364d | 382d | - | 405d | 389d | - | 436d | 475d |
| Days inventory outstanding | - | 758d | 762d | 834d | - | 961d | 802d | - | 692d | 830d |
| Days payable outstanding | - | 361d | 295d | 416d | - | 389d | 315d | - | 304d | 452d |
| Cash conversion cycle | - | 751d | 830d | 799d | - | 978d | 875d | - | 824d | 853d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 2.0% | -14.8% | - | - | -20.4% | 24.6% | - | 4.8% | - |
| Revenue CAGR (3y) | - | -5.2% | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | 9.5% | -9.1% | - | - | -25.2% | 0.4% | - | -10.7% | - |
| Operating income growth (YoY) | - | 65.2% | 15.2% | - | - | -120.9% | 15.6% | - | -2.0% | -1998.1% |
| Net income growth (YoY) | - | 54.5% | 24.2% | - | - | -123.6% | - | - | - | 110.3% |
| EPS growth (YoY) | - | -342.3% | 30.0% | - | - | -116.7% | - | - | -20.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -46.5% | -42.6% | -46.4% | - | -36.0% | -33.9% | -17.8% | 3.4% | 10.7% | 5227.0% |
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%
Peer comparison
Same SIC group: Computer Peripheral Equipment, NEC
Comparing Markforged Holding Corp against the 5 most active filers in the same SIC group.