Proto Labs Inc PRLB
Proto Labs, Inc. was incorporated in Minnesota in 1999. The terms "Proto Labs," "Protolabs," the "Company," "we," "us," and "our" as used herein refer to the business and operations of Proto Labs, Inc. and its subsidiaries.
We are the world's fastest manufacturing service enabling companies across every industry to streamline production of quality parts throughout the entire product life cycle. From custom prototyping to end-use production, we support product developers, engineers, and supply chain teams along every phase of their manufacturing journey. Founded in 1999, we radically reduced the time needed to produce injection molding prototypes through complex software that automated the manufacturing process. Over the next two decades, we added computer numerical control ("CNC") machining, 3D printing, and sheet metal fabrication, and later acquired 3D Hubs, Inc ("Hubs") and launched the Protolabs Network, our global network of manufacturing partners ("MPs"). Our 25+ years of growth while expanding capabilities provide customers with the best digital manufacturing experience in the industry.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $533.1M | $500.9M | $503.9M | $488.4M | $488.1M | $434.4M | $458.7M | $445.6M | $344.5M | $298.1M |
| Cost of revenue | $296.0M | $277.7M | $281.9M | $272.9M | $265.4M | $216.6M | $223.4M | $206.9M | $150.6M | $131.1M |
| Gross profit | $237.1M | $223.2M | $222.0M | $215.5M | $222.7M | $217.8M | $235.3M | $238.7M | $193.8M | $166.9M |
| R&D | $42.8M | $41.3M | $40.1M | $38.2M | $44.2M | $36.9M | $32.7M | $28.7M | $23.6M | $22.4M |
| SG&A | $69.8M | $64.3M | $65.8M | $67.5M | $55.9M | $51.7M | $49.8M | $52.5M | $41.2M | $36.7M |
| Total operating expenses | $212.0M | $203.3M | $193.8M | $313.4M | $182.3M | $158.0M | $155.4M | $149.8M | $121.6M | $105.2M |
| Operating income | $25.1M | $19.9M | $28.2M | -$98.0M | $40.3M | $59.8M | $79.9M | $88.9M | $72.2M | $61.8M |
| Pre-tax income | $31.1M | $24.7M | $28.0M | -$97.9M | $40.2M | $62.9M | $81.2M | $91.7M | $74.4M | $64.2M |
| Income tax | $9.8M | $8.1M | $10.7M | $5.6M | $6.8M | $12.1M | $17.5M | $15.1M | $22.7M | $21.5M |
| Net income | $21.2M | $16.6M | $17.2M | -$103.5M | $33.4M | $50.9M | $63.7M | $76.6M | $51.8M | $42.7M |
| EPS, basic | 0.89 | 0.66 | 0.66 | -3.77 | 1.21 | 1.90 | 2.37 | 2.84 | 1.94 | 1.62 |
| EPS, diluted | 0.88 | 0.66 | 0.66 | -3.77 | 1.21 | 1.89 | 2.35 | 2.81 | 1.93 | 1.61 |
| Shares, diluted (wtd. avg.) | $24.2M | $25.2M | $26.2M | $27.4M | $27.7M | $26.9M | $27.0M | $27.3M | $26.8M | $26.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $110.8M | $89.1M | $83.8M | $56.6M | $65.9M | $127.6M | $125.2M | $85.0M | $36.7M | $68.8M |
| Short-term investments | $17.3M | $14.0M | $19.0M | $23.6M | $11.6M | $34.1M | $35.4M | $46.8M | $57.4M | $39.5M |
| Receivables | $79.0M | $66.5M | $72.8M | $76.2M | $80.1M | $57.9M | $57.5M | $59.2M | $51.5M | $34.1M |
| Inventory | $14.4M | $12.3M | $13.7M | $13.6M | $13.2M | $10.9M | $10.1M | $10.1M | $11.3M | $9.3M |
| Total current assets | $233.5M | $194.9M | $200.7M | $186.6M | $183.5M | $242.0M | $236.4M | $215.4M | $165.0M | $157.8M |
| Property, plant and equipment | $215.3M | $227.3M | $253.7M | $257.8M | $280.3M | $282.7M | $263.7M | $228.0M | $166.4M | $139.5M |
| Goodwill | $274.0M | $274.0M | $274.0M | $274.0M | $400.6M | $128.8M | $128.8M | $128.8M | $128.5M | $28.9M |
| Other intangibles | $18.6M | $21.4M | $25.6M | $31.2M | $38.0M | $14.3M | $17.4M | $19.9M | $19.1M | $2.7M |
| Total assets | $763.4M | $743.5M | $772.4M | $802.2M | $928.6M | $744.2M | $673.7M | $619.0M | $518.7M | $414.2M |
| Accounts payable | $15.1M | $15.5M | $15.6M | $17.4M | $25.4M | $18.2M | $16.8M | $17.4M | $15.9M | $11.3M |
| Short-term debt | — | — | — | — | — | — | — | — | $5.0M | — |
| Total current liabilities | $67.0M | $53.3M | $49.7M | $71.6M | $54.9M | $50.3M | $47.6M | $52.7M | $43.8M | $23.4M |
| Total liabilities | $89.5M | $73.4M | $77.1M | $104.5M | $100.1M | $99.8M | $87.9M | $77.5M | $57.5M | $34.4M |
| Retained earnings | $240.8M | $244.4M | $256.4M | $258.2M | $376.7M | $362.9M | $324.7M | $291.5M | $224.7M | $176.7M |
| Total equity | $673.9M | $670.2M | $695.3M | $697.6M | $828.5M | $644.4M | $585.8M | $541.5M | $461.2M | $379.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $74.5M | $77.8M | $73.3M | $62.1M | $55.2M | $107.0M | $116.1M | $122.9M | $81.7M | $77.5M |
| Depreciation and amortisation | $33.8M | $35.8M | $37.5M | $39.4M | $40.5M | $32.6M | $30.9M | $26.8M | $18.5M | $17.5M |
| Stock-based compensation | $15.7M | $17.0M | $16.0M | $17.5M | $19.1M | $14.7M | $10.8M | $10.9M | $8.6M | $6.8M |
| Capital expenditure | $14.8M | $9.2M | $28.1M | $21.7M | $34.2M | $47.0M | $62.2M | $87.1M | $32.6M | $33.6M |
| Investing cash flow | -$13.4M | -$13.6M | -$4.6M | -$43.1M | -$94.7M | -$95.5M | -$44.3M | -$63.3M | -$124.0M | -$60.8M |
| Financing cash flow | -$40.4M | -$58.5M | -$41.9M | -$27.9M | -$22.2M | -$10.7M | -$31.6M | -$10.4M | $9.2M | $5.3M |
| Buybacks | $43.0M | $60.3M | $44.0M | $29.7M | $23.3M | $14.7M | $33.5M | $12.2M | $4.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001443669-26-000017.
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