Materialise N.V. (MTLS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 66.28M | 70.16M | 77.8M | 64.83M | 66.38M | 65.68M | 68.65M | 68.8M | 63.64M | 65.3M | 60.13M | 64.81M | 65.89M | 62.7M | 58.29M | 58.07M | 52.96M | 65.14M | 52.2M | 50.71M |
| Revenue Growth % | -0.16% | 6.83% | 13.32% | -5.76% | 4.31% | 0.59% | 14.17% | 6.15% | -3.41% | 4.14% | 3.16% | 11.61% | 24.4% | -3.74% | 11.67% | 14.51% | 16.26% | 43.79% | 27.98% | 33.05% |
| Cost of Goods Sold | 28.38M | 29.39M | 33.59M | 27.05M | 29.65M | 29.32M | 29.36M | 29.57M | 27.7M | 27.75M | 26.43M | 27.76M | 29.05M | 27.02M | 26.12M | 26.04M | 24.08M | 26.18M | 21.12M | 22.27M |
| COGS % of Revenue | 42.83% | 41.88% | 43.18% | 41.73% | 44.67% | 44.63% | 42.76% | 42.98% | 43.53% | 42.49% | 43.96% | 42.84% | 44.09% | 43.1% | 44.81% | 44.84% | 45.46% | 40.18% | 40.46% | 43.92% |
| Gross Profit | 37.89M | 40.78M | 44.21M | 37.78M | 36.73M | 36.37M | 39.3M | 39.23M | 35.94M | 37.55M | 33.7M | 37.05M | 36.84M | 35.68M | 32.17M | 32.03M | 28.88M | 38.96M | 31.08M | 28.44M |
| Gross Margin % | 57.17% | 58.12% | 56.82% | 58.27% | 55.33% | 55.37% | 57.24% | 57.02% | 56.47% | 57.5% | 56.04% | 57.16% | 55.91% | 56.9% | 55.19% | 55.16% | 54.54% | 59.82% | 59.54% | 56.08% |
| Gross Profit Growth % | 3.18% | 12.14% | 12.49% | -3.69% | 2.2% | -3.15% | 16.62% | 5.89% | -2.45% | 5.23% | 4.75% | 15.66% | 27.54% | -8.43% | 3.52% | 12.62% | 17.56% | 48.92% | 33.84% | 42.3% |
| Operating Expenses | 35.8M | 37.67M | 41.24M | 35.05M | 36.15M | 37.63M | 34.98M | 35.43M | 33.35M | 38.66M | 31.36M | 37.64M | 31.84M | 37.24M | 32.45M | 33.11M | 28.83M | 34.51M | 26.55M | 26.02M |
| OpEx % of Revenue | 54.02% | 53.69% | 53.02% | 54.06% | 54.46% | 57.3% | 50.96% | 51.49% | 52.41% | 59.21% | 52.16% | 58.08% | 48.32% | 59.38% | 55.67% | 57.02% | 54.44% | 52.99% | 50.86% | 51.31% |
| Selling, General & Admin | 24.82M | 21.43M | 28.86M | 25.21M | 25.1M | 26.89M | 24.88M | 25.54M | 23.91M | 20.61M | 22.6M | 23.69M | 23.34M | 26.34M | 24.31M | 24.66M | 21.96M | 26.62M | 20.3M | 20.02M |
| SG&A % of Revenue | 37.45% | 30.54% | 37.1% | 38.89% | 37.81% | 40.94% | 36.24% | 37.13% | 37.57% | 31.57% | 37.59% | 36.55% | 35.43% | 42% | 41.71% | 42.46% | 41.46% | 40.86% | 38.89% | 39.48% |
| Research & Development | 11.89M | 12.12M | 13.43M | 11.12M | 11.41M | 12.1M | 10.98M | 11.09M | 10.23M | 10.12M | 9.48M | 9.49M | 9.01M | 11.49M | 9.3M | 8.96M | 7.81M | 7.9M | 6.6M | 6.84M |
| R&D % of Revenue | 17.94% | 17.27% | 17.26% | 17.15% | 17.2% | 18.42% | 15.99% | 16.12% | 16.08% | 15.49% | 15.76% | 14.64% | 13.68% | 18.33% | 15.96% | 15.42% | 14.75% | 12.12% | 12.65% | 13.5% |
| Other Operating Expenses | -909K | 1000K | -1000K | -1000K | -359K | -1000K | -872K | -1000K | -788K | 1000K | -711K | 1000K | -519K | -593K | -1000K | -499K | -939K | 0 | -355K | -843K |
| Operating Income | 2.09M | 3.11M | 2.96M | 2.73M | 574K | -1.27M | 4.31M | 3.8M | 2.58M | -1.11M | 2.33M | -597K | 5M | -1.55M | 4M | -1.08M | 49K | 4.45M | 4.53M | 2.42M |
| Operating Margin % | 3.15% | 4.43% | 3.81% | 4.21% | 0.86% | -1.93% | 6.28% | 5.53% | 4.06% | -1.7% | 3.87% | -0.92% | 7.59% | -2.48% | 6.86% | -1.87% | 0.09% | 6.83% | 8.68% | 4.77% |
| Operating Income Growth % | 264.11% | 345.27% | -31.35% | -28.18% | -77.8% | -13.93% | 85.11% | 736.68% | -48.28% | 28.42% | -41.76% | 44.93% | 10100% | -134.95% | -11.66% | -144.77% | -83.1% | 325.42% | 2153.23% | 232.51% |
| EBITDA | 7.74M | 8.66M | 8.45M | 7.9M | 6.06M | 4.33M | 9.78M | 9.11M | 8.02M | 4.25M | 7.84M | 4.79M | 10.26M | 3.85M | 9.53M | 4.29M | 5.49M | 10.52M | 9.94M | 7.35M |
| EBITDA Margin % | 11.68% | 12.35% | 10.87% | 12.19% | 9.13% | 6.59% | 14.24% | 13.24% | 12.61% | 6.51% | 13.04% | 7.39% | 15.57% | 6.14% | 16.34% | 7.39% | 10.37% | 16.15% | 19.04% | 14.49% |
| EBITDA Growth % | 27.74% | 100.05% | -13.54% | -13.22% | -24.47% | 1.95% | 24.72% | 90.13% | -21.78% | 10.31% | -17.69% | 11.65% | 86.77% | -63.39% | -4.15% | -41.61% | -0.09% | 240.94% | 94.03% | 133.08% |
| D&A (Non-Cash Add-back) | 5.65M | 5.55M | 5.49M | 5.17M | 5.49M | 5.6M | 5.46M | 5.31M | 5.44M | 5.36M | 5.51M | 5.39M | 5.26M | 5.41M | 5.52M | 5.37M | 5.44M | 6.07M | 5.41M | 4.93M |
| EBIT | 3.18M | -171K | 3.5M | 3.72M | 2.47M | -1.27M | 5.02M | 6.28M | 4.89M | -3.2M | 5.2M | 4.59M | 5.81M | -7.61M | 4M | -1.08M | 48K | 7.05M | 4.53M | 2.42M |
| Net Interest Income | 392K | 2.49M | -142K | -3.05M | -875K | 1.12M | -1.14M | 1.11M | 1.51M | -251.65K | 1.32M | 635K | -566K | -6.57M | 2.17M | 2.58M | 376K | 314.33K | 4.2M | 1.15M |
| Interest Income | 1.09M | 386.39K | 541K | 987K | 1.9M | -1.41M | 706K | 2.65M | 2.31M | 34.41K | 2.87M | 1.3M | 809K | 780K | 4.28M | 3.9M | 1.67M | 1.36M | 4.2M | 1.97M |
| Interest Expense | 700K | -2.1M | 683K | 4.04M | 2.77M | -2.53M | 1.84M | 1.54M | 798K | 286.06K | 1.55M | 670K | 1.38M | 4.22M | 2.11M | 1.32M | 1.29M | 1.05M | 0 | 815K |
| Other Income/Expense | 393K | 2.4M | -142K | -3.05M | -875K | 3.3M | -1.14M | 1.03M | 1.51M | -235K | 1.32M | 635K | -566K | -3.44M | 2.17M | 2.58M | 376K | 1.55M | 4.2M | 1.15M |
| Pretax Income | 2.48M | 5.51M | 2.82M | -322K | -301K | 2.03M | 3.18M | 4.83M | 4.1M | -1.35M | 3.65M | 38K | 4.43M | -4.99M | 1.89M | 1.5M | 425K | 6M | 8.73M | 3.57M |
| Pretax Margin % | 3.75% | 7.85% | 3.62% | -0.5% | -0.45% | 3.1% | 4.63% | 7.03% | 6.44% | -2.06% | 6.07% | 0.06% | 6.73% | -7.96% | 3.24% | 2.58% | 0.8% | 9.22% | 16.73% | 7.05% |
| Income Tax | 662K | -695K | 649K | -521K | 234K | -874K | 138K | 959K | 510K | -808K | -363K | 532K | 718K | -402K | 479K | 600K | 298K | 612.66K | 80K | 131K |
| Effective Tax Rate % | 26.66% | -12.61% | 23.02% | 161.8% | -77.74% | -42.99% | 4.35% | 19.84% | 12.45% | 59.94% | -9.95% | 1400% | 16.2% | 8.06% | 25.33% | 40.11% | 70.12% | 10.2% | 0.92% | 3.67% |
| Net Income | 1.82M | 6.21M | 2.17M | 199K | -533K | 2.92M | 3.04M | 3.88M | 3.59M | -529K | 4.02M | -488K | 3.72M | -4.59M | 1.42M | 903K | 134K | 5.4M | 8.65M | 3.44M |
| Net Margin % | 2.75% | 8.85% | 2.79% | 0.31% | -0.8% | 4.44% | 4.44% | 5.64% | 5.64% | -0.81% | 6.68% | -0.75% | 5.65% | -7.32% | 2.44% | 1.55% | 0.25% | 8.29% | 16.58% | 6.79% |
| Net Income Growth % | 441.46% | 112.83% | -28.77% | -94.87% | -114.84% | 651.23% | -24.2% | 895.49% | -3.49% | 88.47% | 182.69% | -154.04% | 2676.87% | -185.01% | -83.58% | -73.77% | 103.65% | 353.04% | 2919.22% | 283.72% |
| Net Income (Continuing) | 1.82M | 6.21M | 2.17M | 199K | -535K | 2.91M | 3.04M | 3.88M | 3.59M | -540K | 4.01M | -494K | 3.71M | -4.59M | 1.41M | 896K | 127K | 5.39M | 8.65M | 3.44M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -83K | -79.97K | -79K | -78K | -84K | -86K | -72K | -66K | -60K | -58.55K | -43K | -38K | -34K | -29.88K | -21K | -12K | -6K | 1.14K | 7K | 0 |
| EPS (Diluted) | 0.03 | 0.11 | 0.04 | 0.00 | -0.01 | 0.05 | 0.05 | 0.07 | 0.06 | -0.01 | 0.07 | -0.01 | 0.06 | -0.08 | 0.02 | 0.02 | 0.00 | 0.08 | 0.15 | 0.06 |
| EPS Growth % | - | 123.12% | -28.88% | -94.83% | -114.87% | - | -26.29% | - | -1.92% | 88.8% | 191.67% | -154.25% | - | -197.13% | -84% | -74.5% | 103.4% | 302.02% | - | 270.45% |
| EPS (Basic) | 0.03 | 0.11 | 0.04 | 0.00 | -0.01 | 0.05 | 0.05 | 0.07 | 0.06 | -0.01 | 0.07 | -0.01 | 0.06 | -0.08 | 0.02 | 0.02 | 0.00 | 0.08 | 0.15 | 0.06 |
| Diluted Shares Outstanding | 58.87M | 59.07M | 59.07M | 59.07M | 59.07M | 59.15M | 59.07M | 59.07M | 59.09M | 59.07M | 59.07M | 59.07M | 59.07M | 59.07M | 59.09M | 59.09M | 59.1M | 59.02M | 58.94M | 55.12M |
| Basic Shares Outstanding | 58.87M | 59.07M | 59.07M | 59.07M | 59.07M | 59.07M | 60.9M | 59.07M | 59.07M | 59.07M | 59.07M | 59.07M | 59.07M | 59.07M | 59.06M | 59.06M | 59.06M | 58.89M | 58.73M | 54.87M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |