Private company

Desktop Metal, Inc.

American special industry machinery company based in Burlington1

In its 2024 annual report the company says: “We offer a comprehensive portfolio of integrated additive manufacturing solutions comprised of hardware, software, materials, and services with support for metals, polymers, elastomers, ceramics, sands, composites, and biocompatible materials. Our solutions span use cases across the product life cycle, from product development to mass production and aftermarket operations, and they address an array of industries, including automotive, healthcare and dental, consumer products, heavy industry, aerospace, machine design and research and development.”4

Last updated Oct 20, 2026.

Overview

  • IndustrySpecial Industry Machinery, NEC1
  • HeadquartersBurlington, Massachusetts1
  • Incorporated inDE2
  • Business address63 3Rd Avenue, Burlington, Ma 018032
  • Filer categoryAccelerated filer2

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Desktop Metal is pioneering a new generation of additive manufacturing technologies focused on Additive Manufacturing 2.0, the volume production of end use parts. We offer a comprehensive portfolio of integrated additive manufacturing solutions comprised of hardware, software, materials, and services with support for metals, polymers, elastomers, ceramics, sands, composites, and biocompatible materials. Our solutions span use cases across the product life cycle, from product development to mass production and aftermarket operations, and they address an array of industries, including automotive, healthcare and dental, consumer products, heavy industry, aerospace, machine design and research and development.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-5.3%Gross margin5
-170.4%Operating margin5
-170.4%Net margin5
-9.2%Revenue growth, 20235
-133.8%Return on equity5
-$117.8MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue69¢$199.8M
  • Research and development30¢$85.1M
  • Income tax1¢$3.1M

Out of $189.7M in revenue.5 The company lost money this year.

Financial statements

Revenue675$189.7M in 2023+617% since 2019
0$100.0M$200.0M$300.0M2019: $26.4M$26.4M20192020: $16.5M$16.5M2020−38%2021: $112.4M$112.4M2021+583%2022: $209.0M$209.0M2022+86%2023: $189.7M$189.7M2023−9%
Gross profit675-$10.1M in 2023−59% since 2019
-$40.0M-$20.0M0$20.0M2019: -$24.4M-$24.4M20192020: -$15.0M-$15.0M2020−38%2021: $18.3M$18.3M20212022: $15.1M$15.1M2022−18%2023: -$10.1M-$10.1M2023
Operating income675-$323.2M in 2023+196% since 2019
-$800.0M-$600.0M-$400.0M-$200.0M02019: -$109.0M-$109.0M20192020: -$92.1M-$92.1M2020−16%2021: -$201.5M-$201.5M2021+119%2022: -$731.8M-$731.8M2022+263%2023: -$323.2M-$323.2M2023−56%
Net income675-$323.3M in 2023+212% since 2019
-$800.0M-$600.0M-$400.0M-$200.0M02019: -$103.6M-$103.6M20192020: -$34.0M-$34.0M2020−67%2021: -$240.3M-$240.3M2021+607%2022: -$740.3M-$740.3M2022+208%2023: -$323.3M-$323.3M2023−56%
Fiscal year201820192020202120222023
Revenue$26.4M6$16.5M7$112.4M5$209.0M5$189.7M5
Cost of revenue$50.8M6$31.5M7$94.1M5$194.0M5$199.8M5
Gross profit-$24.4M6-$15.0M7$18.3M5$15.1M5-$10.1M5
Research and development$54.7M6$43.1M7$68.1M5$96.9M5$85.1M5
Operating expenses$219.7M5$746.8M5$313.1M5
Operating income-$109.0M6-$92.1M7-$201.5M5-$731.8M5-$323.2M5
Interest$503.0K6$328.0K11$149.0K11
Income before tax-$270.0M5-$741.8M5-$326.4M5
Income tax$06-$940.0K7-$29.7M5-$1.5M5-$3.1M5
Net income-$103.6M6-$34.0M7-$240.3M5-$740.3M5-$323.3M5
Earnings per share-$0.227-$0.925-$2.355-$1.005
Earnings per share (diluted)-$0.227-$0.925-$2.355-$1.005
Shares (weighted, basic)260.8M shares5314.8M shares5322.2M shares5
Shares (weighted, diluted)260.8M shares5314.8M shares5322.2M shares5

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Corporate structure

Desktop Metal, Inc. sits at the top of its group. 24 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Desktop Metal, Inc.

  • Trium Capital LLP Filed SCHEDULE 13G/A on Desktop Metal, Inc., latest Feb 12, 2026 (3 filings since Apr 3, 2025)
  • Farhad Fred Ebrahimi Filed SCHEDULE 13D/A on Desktop Metal, Inc., latest Apr 9, 2025 (16 filings since May 30, 2023)
  • Ric Fulop Filed SCHEDULE 13D/A on Desktop Metal, Inc., latest Apr 4, 2025
  • VANGUARD GROUP INC Filed SC 13G/A on Desktop Metal, Inc., latest Nov 12, 2024 (5 filings since Feb 9, 2022)
  • New Enterprise Associates 15, L.P. Filed SC 13D/A on Desktop Metal, Inc., latest May 2, 2024 (2 filings since Oct 7, 2021)
  • BAMCO INC /NY/ Filed SC 13G/A on Desktop Metal, Inc., latest Feb 15, 2022
  • GV 2016, L.P. Filed SC 13G/A on Desktop Metal, Inc., latest Feb 14, 2022
  • Kleiner Perkins Caufield & Byers XVI, LLC Filed SC 13G/A on Desktop Metal, Inc., latest Feb 11, 2022
  • Desktop Metal, Inc. Burlington, Massachusetts
    • A.I.D.R.O. Srl Subsidiary · Italy
    • Adaptive 3D Technologies, LLC Subsidiary · Texas, United States
    • Adaptive3D LLC Subsidiary · Delaware, United States
    • addLEAP AB Subsidiary · Sweden
    • Beacon Bio, Inc. Subsidiary · Delaware, United States
    • Brewer Tafla Dental Technologies, LLC Subsidiary · Oklahoma, United States
    • Dental Arts Laboratories, Inc. Subsidiary · Illinois, United States
    • Desktop Labs, Inc. Subsidiary · Delaware, United States
    • Desktop Metal Operating, Inc. Subsidiary · Delaware, United States
    • Desktop Metal Securities Corporation Subsidiary · Massachusetts, United States
    • Desktop Metal Taiwan Branch Office Subsidiary · Taiwan
    • DM Belgium B.V. Subsidiary · Belgium
    • Envisiontec GmbH Subsidiary · Germany
    • EnvisionTec Group Canada, Inc. Subsidiary · Canada
    • EnvisionTEC US LLC Subsidiary · Delaware, United States
    • ExOne Americas, LLC Subsidiary · Delaware, United States
    • ExOne GmbH Subsidiary · Germany
    • ExOne Operating, LLC Subsidiary · Delaware, United States
    • Figur Machine Tools LLC Subsidiary · New Jersey, United States
    • Larry Brewer Dental Lab, Inc. Subsidiary · Oklahoma, United States
    • May Dental Arts, LLC Subsidiary · Missouri, United States
    • Meta Additive Ltd. Subsidiary · United Kingdom
    • Syzygy Memory Plastics Corporation Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Desktop Metal, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$87.2M5 Dec 31, 2023$98.0M5 Dec 31, 2022−11.1%
Accumulated depreciation$51.4M5 Dec 31, 2023$41.8M5 Dec 31, 2022+23.0%
Property and equipment, net$35.8M5 Dec 31, 2023$56.3M5 Dec 31, 2022−36.3%
Operating-lease assets (leased space)$29.7M5 Dec 31, 2023$22.1M5 Dec 31, 2022+34.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$83.8M5 Dec 31, 2023$76.3M5 Dec 31, 2022+9.9%
Marketable securities, current$625.0K5 Dec 31, 2023$108.2M5 Dec 31, 2022−99.4%
Debt securities available for sale$107.2M7 Dec 31, 2022$197.1M7 Dec 31, 2021−45.6%
Equity securities at fair value$600.0K5 Dec 31, 2023$1.1M5 Dec 31, 2022−45.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$05 Dec 31, 2023$113.0M5 Dec 31, 2022−100.0%
Finite-lived intangibles, gross$266.4M5 Dec 31, 2023$277.3M5 Dec 31, 2022−3.9%
Accumulated amortization$98.2M5 Dec 31, 2023$57.4M5 Dec 31, 2022+70.9%
Finite-lived intangibles, net$168.3M5 Dec 31, 2023$219.8M5 Dec 31, 2022−23.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$82.6M5 Dec 31, 2023$91.7M5 Dec 31, 2022−9.9%
Raw materials$26.4M5 Dec 31, 2023$42.0M5 Dec 31, 2022−37.0%
Work in process$16.6M5 Dec 31, 2023$11.9M5 Dec 31, 2022+38.7%
Finished goods$39.6M5 Dec 31, 2023$37.8M5 Dec 31, 2022+4.8%

Leadership

Who has led Desktop Metal, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ric Fulop2020–2025
  2. Siblani Ali El2021

Chair

  1. Ric Fulop2020

President

  1. Malcolm Ian Grant Gilchrist2019
  2. Steven A. Billow2020–2021

Chief financial officer

  1. Pierre M. Henry2019
  2. Elizabeth Linardos2020
  3. James Haley2021–2022

Chief operating officer

  1. Thomas Nogueira2022–2025
20202025
Board members and other officers (22)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • A.I.D.R.O. Srl Italy3
  • Adaptive 3D Technologies, LLC Texas3
  • Adaptive3D LLC Delaware3
  • Beacon Bio, Inc. Delaware3
  • Brewer Tafla Dental Technologies, LLC Oklahoma3
  • DM Belgium B.V. Belgium3
  • Dental Arts Laboratories, Inc. Illinois3
  • Desktop Labs, Inc. Delaware3
  • Desktop Metal Operating, Inc. Delaware3
  • Desktop Metal Securities Corporation Massachusetts3
  • Desktop Metal Taiwan Branch Office Taiwan3
  • EnvisionTEC US LLC Delaware3
  • EnvisionTec Group Canada, Inc. Canada3
  • Envisiontec GmbH Germany3
  • ExOne Americas, LLC Delaware3
  • ExOne GmbH Germany3
  • ExOne KK Japan3
  • ExOne Operating, LLC Delaware3
  • Figur Machine Tools LLC New Jersey3
  • Larry Brewer Dental Lab, Inc. Oklahoma3
  • May Dental Arts, LLC Missouri3
  • Meta Additive Ltd. United Kingdom3
  • Syzygy Memory Plastics Corporation Delaware3
  • addLEAP AB Sweden3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Trine Acquisition Corp.Dec 13, 2018 to Dec 9, 20202

Timeline

  1. Apr 2, 20258-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer41
  2. Mar 26, 20258-K Results of operations; Regulation FD disclosure42
  3. Nov 8, 20248-K Regulation FD disclosure43
  4. Oct 3, 20248-K Shareholder vote44
  5. Jul 30, 20248-K Results of operations45
  6. Jul 3, 20248-K Entered a material agreement; Regulation FD disclosure46
  7. Jun 10, 20248-K Change to shareholders' rights; Bylaws or fiscal year changed; Shareholder vote47
  8. Jun 5, 20248-K Other events48
  9. May 9, 20248-K Results of operations49
  10. Mar 15, 20248-K Results of operations50
  11. Jan 24, 20248-K Exit or restructuring costs; Regulation FD disclosure51
  12. Nov 29, 20238-K Listing notice or transfer; Regulation FD disclosure52
  13. Feb 18, 2021New chief executive Siblani Ali El becomes CEO13
  14. Dec 11, 2020New chief executive Ric Fulop becomes CEO14

Calendar

When it reported results

  1. Mar 26, 2025Reported quarterly or annual results42
  2. Jul 30, 2024Reported quarterly or annual results45
  3. May 9, 2024Reported quarterly or annual results49
  4. Mar 15, 2024Reported quarterly or annual results50
  5. Nov 9, 2023Reported quarterly or annual results53
  6. Aug 3, 2023Reported quarterly or annual results54
  7. May 10, 2023Reported quarterly or annual results55
  8. Mar 1, 2023Reported quarterly or annual results56

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

427 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 48 major events, 234 insider forms, 30 large holders, 102 other. The latest 20:

  1. Feb 12, 2026SCHEDULE 13G/A EDGAR
  2. Jul 15, 2025SCHEDULE 13G/A EDGAR
  3. Apr 14, 202515-12G EDGAR
  4. Apr 9, 2025SCHEDULE 13D/A EDGAR
  5. Apr 9, 20254 EDGAR
  6. Apr 8, 2025EFFECT EDGAR
  7. Apr 8, 2025EFFECT EDGAR
  8. Apr 8, 2025EFFECT EDGAR
  9. Apr 8, 2025EFFECT EDGAR
  10. Apr 8, 2025EFFECT EDGAR
  11. Apr 8, 2025POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
  12. Apr 8, 2025POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
  13. Apr 8, 2025POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
  14. Apr 8, 2025POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
  15. Apr 8, 2025POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
  16. Apr 8, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  17. Apr 8, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  18. Apr 8, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  19. Apr 4, 20254 EDGAR
  20. Apr 4, 20254 EDGAR

The 427 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 4 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 12, 2024Nogueira ThomasCHIEF OPERATING OFFICERSale7,298$4.16$30.4KForm 4
Aug 5, 2024Cole Jason MCFO & TREASURERSale24,064$4.23$101.8KForm 4
May 16, 2024Myerberg JonahCHIEF TECHNOLOGY OFFICERSale190,004$0.60$114.0KForm 4
May 15, 2024Cole Jason MCFO & TREASURERSale180,000$0.62$111.6KForm 4
May 15, 2024Cole Jason MCFO & TREASURERSale180,000$0.62$111.6KForm 4
Mar 6, 2023DUSSAULT SCOTT JDirectorSale26,969$2.40$64.7KForm 4
Aug 22, 2022Fulop RicCHIEF EXECUTIVE OFFICERBuy6,000$3.21$19.3KForm 4
Aug 16, 2022Fulop RicCHIEF EXECUTIVE OFFICERBuy5,000$3.20$16.0KForm 4
Aug 11, 2022Fulop RicCHIEF EXECUTIVE OFFICERBuy30,000$3.09$92.7KForm 4
Mar 16, 2022Fulop RicCHIEF EXECUTIVE OFFICERBuy128,850$4.08$525.7KForm 4
Dec 27, 2021Hindery Leo J. Jr.DirectorSale300,000$5.06$1.5MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Desktop Metal, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDesktop Metal, Inc.1
  • CIK0001754820
  • Employer ID (EIN)83-20440421
  • Filer statusAccelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3559 Special Industry Machinery, NEC1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address63 3Rd Avenue, Burlington, MA 018031
  • Phone978-224-12441
  • Shares outstanding33,341,419 as of Oct 29, 202410
  • Public float$461.0M as of Jun 30, 20235
  • On EDGAR sinceDec 13, 20181
  • Filings704 in all: 4 (267), 425 (85), 8-K (66), 3 (45), DEFA14A (20), SC 13G/A (20), 424B3 (19), 10-Q (18)1
    All 50 form types

    EFFECT (16), SC 13D/A (15), SC 13G (13), CORRESP (11), POS AM (8), UPLOAD (8), 4/A (6), DFAN14A (6), 10-K (5), SC 13D (5), 144 (4), 25-NSE (4), 8-K/A (4), DEF 14A (4), S-1/A (4), S-4/A (4), S-1 (3), S-3 (3), S-8 (3), S-8 POS (3), SCHEDULE 13D/A (3), 10-K/A (2), 8-A12B (2), ARS (2), CERT (2), DEFM14A (2), NT 10-K (2), POSASR (2), S-3/A (2), S-4 (2), SCHEDULE 13G/A (2), SD (2), 15-12G (1), 424B4 (1), 8-A12B/A (1), DRS (1), PRE 14A (1), PREM14A (1), RW (1), S-1MEF (1), S-3ASR (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 15, 2024
    Quarterly report (10-Q) Oct 31, 2024
    Proxy statement (DEF 14A) Apr 23, 2024
    Latest 8-K (8-K) Apr 2, 2025

Sources

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    SEC EDGAROther events
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