Proto Labs
Turns uploaded CAD designs into custom parts through digital factories and manufacturing partners.
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Profile
Produces custom prototypes and production parts through CNC machining, injection molding, 3D printing, and sheet metal fabrication. A digital ordering workflow routes jobs to owned factories or Protolabs Network partners, combining rapid in-house manufacturing with broader capacity and process options.
Produces custom prototypes and end-use parts through CNC machining, injection molding, 3D printing, and sheet metal fabrication. Customers upload CAD designs to a web-based workflow that automates quoting and manufacturability feedback, then routes orders to owned digital factories or Protolabs Network partners. This hybrid model pairs rapid in-house production with broader capacity, processes, part complexity, pricing, and lead-time options.
Serves product developers, engineers, procurement teams, and supply-chain buyers, with most revenue generated in the United States and the remainder chiefly in Europe. Execution centers on quickly quoting, manufacturing, and shipping low-volume custom parts while extending support from prototyping through production. Operations depend on scalable websites and manufacturing systems, consistent turnaround and quality, protection of customers’ confidential design data, and reliable performance across external manufacturing partners.
Company facts
Key statistics
Year to date +55.5% · Average volume (30d) 184.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | Needham | Upgrade | Hold | Buy | $87 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q2 FY26 | $0.53 | $0.60 | +13.2% | $144.5M | $149.3M | +3.3% | −0.12% |
| May 1, 2026Q1 FY26 | $0.40 | $0.54 | +35.0% | $135.3M | $139.3M | +3.0% | −1.27% |
| Feb 6, 2026Q4 FY25 | $0.35 | $0.44 | +25.7% | $129.0M | $136.5M | +5.8% | −1.88% |
| Oct 31, 2025Q3 FY25 | $0.39 | $0.47 | +20.5% | $129.1M | $135.4M | +4.9% | +7.46% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $126.2M | $135.1M | $135.4M | $136.5M | $139.3M | $149.3M | |
| Gross profit | $55.7M | $59.8M | $61.3M | $60.4M | $63.6M | $69.3M | |
| Operating income | $4.5M | $5.1M | $8.9M | $7.7M | $11.3M | $11.4M | |
| Net income | $3.6M | $4.4M | $7.2M | $6.0M | $8.1M | $9.2M | |
| Diluted EPS | $0.15 | $0.18 | $0.30 | $0.25 | $0.33 | $0.37 | |
| Gross margin | 44.1% | 44.3% | 45.3% | 44.2% | 45.6% | 46.4% | |
| Operating margin | 3.6% | 3.8% | 6.5% | 5.7% | 8.1% | 7.6% |
Fiscal years (4-quarter sums)FY21 $488.1M · FY22 $488.4M · FY23 $503.9M · FY24 $500.9M · FY25 $533.1M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $142.8M · Total debt $2.2M · Total assets $791.3M · Shareholders' equity $691.7M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 23.79M · Float 23.43M · 98.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.90M | 16.37% | 13F | Aug 7, 2026 |
| Disciplined Growth Investors Inc /MN | 2.38M | 10.00% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 1.60M | 6.72% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.15M | 4.84% | 13F | Aug 11, 2026 |
| State Street Corp | 1.14M | 4.78% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 2, 2026 | Sven Wehrwein | director | −2,000 | $77.28 |
| May 12, 2026 | Michael R. Kenison | officer: Chief Operations Officer | −16,030 | $69.49 |
| May 11, 2026 | Michael R. Kenison | officer: Chief Operations Officer | −7,433 | $70.26 |
| May 7, 2026 | Michael R. Kenison | officer: Chief Operations Officer | −200 | $70.00 |
| Feb 17, 2026 | Michael R. Kenison | officer: Chief Operations Officer | −5,000 | $66.46 |
Peers
- Xometry
Direct marketplace peer for on-demand custom parts
- 3D Systems
Additive manufacturing peer in healthcare and industrial parts
- Stratasys
Polymer additive manufacturing rival with parts-on-demand
- Materialise (ADR)
3D printing software and services peer with medical depth
- Jabil
Scaled manufacturing-solutions peer for production buyers
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Proto Labs | $79.74 | −0.15% | $1.90B | 63.8 | 34.9 | 3.4 | +10.6% |
| Xometry | $94.53 | +0.42% | $5.06B | — | 98.7 | 6.3 | +41.1% |
| 3D Systems | $3.28 | −0.15% | $535.8M | — | — | 1.4 | −0.3% |
| Stratasys | $7.83 | +1.10% | $671.9M | — | 56.3 | 1.2 | −0.4% |
| Materialise (ADR) | $7.02 | −0.21% | $411.1M | 26.4 | 42.5 | 1.3 | +4.8% |
| Jabil | $303.90 | +0.82% | $31.59B | 37.6 | 19.1 | 0.9 | +11.8% |
| Median | 32.0 | 49.4 | 1.3 | +4.8% |







