Proto Labs Inc PRLB

Industrials SIC 3440 - Fabricated Structural Metal Products NAICS Manufacturing › Fabricated Metal Product Manufacturing › Architectural and Structural Metals Manufacturing derived NYSE

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.

Last close 85.61 2026-10-23
Market cap $2.05B 2026-06-30 share count
52-week range 45.09 - 99.96

Valuation FY2025 figures against the last close

P/S3.8x
P/E97.3x
P/FCF34.3x
EV/EBITDA34.8x
Dividend yield—
Diluted EPS0.88

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • United States
  • Europe
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 432.3M (81.1%) 81% United States Europe, FY2025: 100.8M (18.9%) 19% Europe FY2024 United States, FY2024: 396.2M (79.1%) 79% Europe, FY2024: 104.7M (20.9%) 21% FY2023 United States, FY2023: 396.8M (78.8%) 79% Europe, FY2023: 107.1M (21.2%) 21%
Segment FY2025FY2024FY2023
United States $432.3M $396.2M $396.8M
Europe $100.8M $104.7M $107.1M

As the company reported it, from the “Revenue - Schedule of Revenue by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 0.890.660.66-3.771.211.902.372.841.941.62
EPS, diluted 0.880.660.66-3.771.211.892.352.811.931.61
Shares, diluted (wtd. avg.) 24.2M25.2M26.2M27.4M27.7M26.9M27.0M27.3M26.8M26.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2016: 298.1M Gross profit, FY2016: 166.9M Net income, FY2016: 42.7M Revenue, FY2017: 344.5M Gross profit, FY2017: 193.8M Net income, FY2017: 51.8M Revenue, FY2018: 445.6M Gross profit, FY2018: 238.7M Net income, FY2018: 76.6M Revenue, FY2019: 458.7M Gross profit, FY2019: 235.3M Net income, FY2019: 63.7M Revenue, FY2020: 434.4M Gross profit, FY2020: 217.8M Net income, FY2020: 50.9M Revenue, FY2021: 488.1M Gross profit, FY2021: 222.7M Net income, FY2021: 33.4M Revenue, FY2022: 488.4M Gross profit, FY2022: 215.5M Net income, FY2022: -103.5M Revenue, FY2023: 503.9M Gross profit, FY2023: 222M Net income, FY2023: 17.2M Revenue, FY2024: 500.9M Gross profit, FY2024: 223.2M Net income, FY2024: 16.6M Revenue, FY2025: 533.1M Gross profit, FY2025: 237.1M Net income, FY2025: 21.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $298.1M $344.5M $445.6M $458.7M $434.4M $488.1M $488.4M $503.9M $500.9M $533.1M
Gross profit $166.9M $193.8M $238.7M $235.3M $217.8M $222.7M $215.5M $222.0M $223.2M $237.1M
Net income $42.7M $51.8M $76.6M $63.7M $50.9M $33.4M -$103.5M $17.2M $16.6M $21.2M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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