NNDM Technology

Nano Dimension Ltd.

$1.36+0.74%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Computer Hardware
Country: United States
Market cap: 286.7M USD
Enterprise value: -71.7M USD
Full-time employees: 468

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #745 of 1,612 technology companies (top 47%)

See how it ranks against its peers

Worth knowing

Cash exceeds market value plus debt. Its cash is worth more than its market value plus debt.
Nano Dimension's cash is larger than its market value and debt combined (enterprise value at or below zero). The market is valuing the operating business at nothing or less, which is rare.Nano Dimension's cash is larger than its market value and debt combined. The market is valuing the operating business at nothing or less, which is rare.
Operating margin improving. Operating margin -137% in 2025, the best of the last 4 years, but the dollar loss grew to $140M from $90M.
Nano Dimension still lost money on operations in 2025. Revenue grew faster than costs, so the margin (-137%) was its best in the 4 years of filings we have, but the operating loss itself grew to $140M from $90M.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -117%).
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $3M in 2020 to $102M in 2025.
Nano Dimension's fiscal-year revenue rose in each of the five years to 2025, from $3M to $102M.

StockQuotient Score

53/ 100

Oct 5 53 → Nov 4 53

Valuation

Is the price right?

17/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-57.0%

SEC filings (IFRS mapped) · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yieldUnavailable

Cash exceeds market value plus debt, so EBITDA yield is not meaningful and is left out · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0423 · MAD: 0.0361

Free cash flow yield-17.9%

SEC filings (IFRS mapped) · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield167.9%

SEC filings (IFRS mapped) · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

98/100

Strong

2/3 inputs reported · Partial data

Since last quarter: ▲ Stronger

12-month revenue up 2.7%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.1108 · MAD: 0.3050

3-year revenue growth32.6%

SEC filings (IFRS mapped) · 3 years to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.42Sector median: 0.0483 · MAD: 0.0793

Revenue growth73.5%

SEC filings (IFRS mapped) · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.89Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

1/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-117.4%

SEC filings (IFRS mapped) · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -7.12Sector median: 0.0631 · MAD: 0.0710

Return on assets-29.4%

SEC filings (IFRS mapped) · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.92Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-84.7%

SEC filings (IFRS mapped) · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.27Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin38.8%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-33.9%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.02

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.40Sector median: 0.8710 · MAD: 0.3700

Current ratio10.66×

SEC filings (IFRS mapped) · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 8.42Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.06×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.85Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Nano Dimension

Is Nano Dimension getting weaker?: Its latest SEC filing (Aug 7, 2026) showed no major changes. Its overall score is unchanged at 53/100 since Oct 28, 2026.
How is Nano Dimension valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 1,711 technology peers. Earnings yield -57.0% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -57.0% vs peers 2.2% (weaker than 100% of peers).
Is Nano Dimension growing?: Yes, faster than most of its peers. Growth scores 98/100 against 1,711 technology peers. 3-year revenue growth 32.6% vs a peer median of 4.8% (stronger than 95% of peers).3-year revenue growth 32.6% vs peers 4.8% (stronger than 95% of peers).
How profitable is Nano Dimension?: Less profitable than most of its peers. Profitability scores 1/100 against 1,711 technology peers. Operating margin -117.4% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -117.4% vs peers 6.3% (weaker than 100% of peers).
How risky is Nano Dimension?: Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 10.66× vs a peer median of 1.83× (stronger than 95% of peers).Current ratio 10.66× vs peers 1.83× (stronger than 95% of peers). Beta 1.02 vs a peer median of 0.87 (weaker than 61% of peers).Beta 1.02 vs peers 0.87 (weaker than 61% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Nano Dimension is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	117.8M USD	120.9M USD	+2.7%
Net income (12 months)	−337.6M USD	−163.4M USD	−51.6%
Operating margin	-138.4%	-117.4%	+21.0 pts
Free cash flow (12 months)	−70.8M USD	−51.4M USD	−27.3%
Cash	355.3M USD	349.1M USD	−1.7%
Shares outstanding	209.2M	210.8M	+0.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Technology · 320 companies

Valuations in Technology are above their usual range since 2016.

70% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +5% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +68% vs the whole market, against a usual +58%.

2016Shaded: most expensive fifth of its range2026

Shown for Technology: too few Computer Hardware companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	12.0%	32.2%	46.3%	43.1%	33.5%	▼ 9.6 pts
Operating margin	—	-393.1%	-229.6%	-155.1%	-137.0%	▲ 18 pts
Net margin	0.5%	-521.2%	-99.4%	-171.1%	-286.3%	▼ 115 pts
Return on assets (ROA)	0.0%	-18.9%	-5.3%	-11.0%	-46.0%	▼ 35 pts
Return on equity (ROE)	0.0%	-19.8%	-5.5%	-11.5%	-53.1%	▼ 42 pts
Free cash flow margin	-559.3%	-232.5%	-202.7%	-102.5%	-69.6%	▲ 33 pts
Current ratio	41.00×	28.74×	25.93×	26.22×	10.02×	▼ 62%
Quick ratio	40.65×	28.22×	25.40×	25.66×	9.40×	▼ 63%
Debt to equity	—	—	0.00×	0.00×	—	—
Interest coverage	—	-2.16×	-352.37×	-134.13×	-1264.24×	▼ 843%

NNDM price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #745 of 1,612 technology companies (top 47%)

See how it ranks against its peers

Worth knowing

Cash exceeds market value plus debt. Its cash is worth more than its market value plus debt.

Nano Dimension's cash is larger than its market value and debt combined (enterprise value at or below zero). The market is valuing the operating business at nothing or less, which is rare.Nano Dimension's cash is larger than its market value and debt combined. The market is valuing the operating business at nothing or less, which is rare.

Operating margin improving. Operating margin -137% in 2025, the best of the last 4 years, but the dollar loss grew to $140M from $90M.

Nano Dimension still lost money on operations in 2025. Revenue grew faster than costs, so the margin (-137%) was its best in the 4 years of filings we have, but the operating loss itself grew to $140M from $90M.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -117%).

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $3M in 2020 to $102M in 2025.

Nano Dimension's fiscal-year revenue rose in each of the five years to 2025, from $3M to $102M.

Questions investors ask about Nano Dimension

Is Nano Dimension getting weaker?

Its latest SEC filing (Aug 7, 2026) showed no major changes. Its overall score is unchanged at 53/100 since Oct 28, 2026.

How is Nano Dimension valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 1,711 technology peers. Earnings yield -57.0% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -57.0% vs peers 2.2% (weaker than 100% of peers).

Is Nano Dimension growing?

Yes, faster than most of its peers. Growth scores 98/100 against 1,711 technology peers. 3-year revenue growth 32.6% vs a peer median of 4.8% (stronger than 95% of peers).3-year revenue growth 32.6% vs peers 4.8% (stronger than 95% of peers).

How profitable is Nano Dimension?

Less profitable than most of its peers. Profitability scores 1/100 against 1,711 technology peers. Operating margin -117.4% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -117.4% vs peers 6.3% (weaker than 100% of peers).

How risky is Nano Dimension?

Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 10.66× vs a peer median of 1.83× (stronger than 95% of peers).Current ratio 10.66× vs peers 1.83× (stronger than 95% of peers). Beta 1.02 vs a peer median of 0.87 (weaker than 61% of peers).Beta 1.02 vs peers 0.87 (weaker than 61% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

117.8M USD

120.9M USD

+2.7%

Net income (12 months)

−337.6M USD

−163.4M USD

−51.6%

Operating margin

-138.4%

-117.4%

+21.0 pts

Free cash flow (12 months)

−70.8M USD

−51.4M USD

−27.3%

Cash

355.3M USD

349.1M USD

−1.7%

Shares outstanding

209.2M

210.8M

+0.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

12.0%

32.2%

46.3%

43.1%

33.5%

▼ 9.6 pts

Operating margin

—

-393.1%

-229.6%

-155.1%

-137.0%

▲ 18 pts

Net margin

0.5%

-521.2%

-99.4%

-171.1%

-286.3%

▼ 115 pts

Return on assets (ROA)

0.0%

-18.9%

-5.3%

-11.0%

-46.0%

▼ 35 pts

Return on equity (ROE)

0.0%

-19.8%

-5.5%

-11.5%

-53.1%

▼ 42 pts

Free cash flow margin

-559.3%

-232.5%

-202.7%

-102.5%

-69.6%

▲ 33 pts

Current ratio

41.00×

28.74×

25.93×

26.22×

10.02×

▼ 62%

Quick ratio

40.65×

28.22×

25.40×

25.66×

9.40×

▼ 63%

Debt to equity

—

0.00×

—

Interest coverage

—

-2.16×

-352.37×

-134.13×

-1264.24×

▼ 843%