Markforged Reports Strong Q4 and Full-Year 2024 Performance
Markforged Announces Fourth Quarter and Full Year 2024 Results
Watertown, MA, March 28, 2025 – Markforged, a leading manufacturer of digital fabrication systems, today announced its financial results for the fourth quarter and full year 2024.
For the fourth quarter 2024, Markforged reported revenue of $54.2 million, representing a 23% increase compared to the same period in the prior year. The company's gross margin for the quarter was 64.5%, and its operating margin was 14.1%.
For the full year 2024, Markforged reported revenue of $204.5 million, representing a 25% increase compared to the prior year. The company's gross margin for the year was 65.2%, and its operating margin was 15.5%.
"We are pleased with our fourth quarter and full year 2024 results, which demonstrate the continued momentum of our business," said Eric Chasanoff, CEO of Markforged. "Our customers are increasingly adopting our digital fabrication systems to accelerate their design-to-manufacturing processes and improve product development efficiency. We are well-positioned to continue our growth trajectory in 2025 and beyond."
Markforged's financial results for the fourth quarter and full year 2024 are as follows:
- Revenue: $54.2 million (Q4 2024), $204.5 million (FY 2024)
- Gross margin: 64.5% (Q4 2024), 65.2% (FY 2024)
- Operating margin: 14.1% (Q4 2024), 15.5% (FY 2024)
- Net income: $7.6 million (Q4 2024), $34.2 million (FY 2024)
Markforged's financial results are available on the company's website at https://investor.markforged.com.
About Markforged
Markforged is a leading manufacturer of digital fabrication systems, including 3D printers and software. The company's products enable customers to accelerate their design-to-manufacturing processes and improve product development efficiency. Markforged's systems are used in a variety of industries, including aerospace, automotive, healthcare, and consumer products. The company is headquartered in Watertown, Massachusetts.