MTLS on Nasdaq

Materialise NV

Logo: Materialise NV, Public domain, via Wikimedia Commons5

Belgian 3D printing company

Materialise NV, headquartered in Leuven, Belgium, is a company in the 3D printing / additive manufacturing sector.3 Its shares trade on Nasdaq under the symbol MTLS.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

1990Founded1

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  • TickerMTLS on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersLeuven1
  • Websitewww.materialise.com
  • Legal formPublic limited company (Belgium)1
  • Business addressTechnologielaan 15, Levuen, 30016
  • Filer categoryAccelerated filer6
  • LEI5493004CXYDPCZ5RQK284
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressTechnologielaan 15, 3001 Leuven, Belgium4
  • Registered withFederal Public Service Economy (Ministry of Economy), 04411312544

Materialise NV, headquartered in Leuven, Belgium, is a company in the 3D printing / additive manufacturing sector.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in EUR, the currency the company reports in.

Key numbers, fiscal 2024

56.5%Gross margin8
3.5%Operating margin8
5.0%Net margin8
4.2%Revenue growth, 20248
5.4%Return on equity8
0.09×Debt to equity8
6.8M EURFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Medical devices and services [member] brought in 36% of the revenue Materialise NV broke down this way in fiscal 2025.

  1. Medical devices and services [member]96.9M EUR936%up 17% from 2024
  2. Manufacturing [member]92.5M EUR935%down 13% from 2024
  3. Software (non-medical) [member]40.9M EUR915%down 7% from 2024
  4. Software (medical) [member]37.3M EUR914%up 10% from 2024
Products and services by year
Products and services202320242025
Medical devices and services [member]69.7M EUR82.6M EUR96.9M EUR
Manufacturing [member]110.3M EUR106.5M EUR92.5M EUR
Software (non-medical) [member]44.4M EUR43.9M EUR40.9M EUR
Software (medical) [member]31.7M EUR33.8M EUR37.3M EUR

Business segments

Materialise Medical brought in 50% of the revenue Materialise NV broke down this way in fiscal 2025.

  1. Materialise Medical134.2M EUR950%up 15% from 2024
  2. Materialise Manufacturing92.5M EUR935%down 13% from 2024
  3. Materialise Software40.9M EUR915%down 7% from 2024
Business segments by year
Business segments202320242025
Materialise Medical101.4M EUR116.4M EUR134.2M EUR
Materialise Manufacturing110.3M EUR106.5M EUR92.5M EUR
Materialise Software44.4M EUR43.9M EUR40.9M EUR

Regions

Rest Of Europe brought in 21% of the revenue Materialise NV broke down this way in fiscal 2025.

  1. Rest Of Europe25.9M EUR921%up 12% from 2024
  2. Switzerland20.5M EUR916%up 4% from 2024
  3. Asia Pacific19.3M EUR915%up 7% from 2024
  4. France17.2M EUR914%down 1% from 2024
  5. United Kingdoms15.0M EUR912%down 4% from 2024
  6. I T8.2M EUR96%down 3% from 2024
  7. Netherlands7.5M EUR96%down 6% from 2024
  8. Americas other than USA [member]6.2M EUR95%down 4% from 2024
  9. BE6.2M EUR95%down 6% from 2024
Regions by year
Regions202320242025
Rest Of Europe22.9M EUR23.1M EUR25.9M EUR
Switzerland20.8M EUR19.7M EUR20.5M EUR
Asia Pacific20.0M EUR18.1M EUR19.3M EUR
France19.1M EUR17.4M EUR17.2M EUR
United Kingdoms15.2M EUR15.6M EUR15.0M EUR
I T11.4M EUR8.4M EUR8.2M EUR
Netherlands8.0M EUR7.9M EUR7.5M EUR
Americas other than USA [member]7.0M EUR6.5M EUR6.2M EUR
BE8.3M EUR6.6M EUR6.2M EUR

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue43¢115.9M EUR
  • Research and development17¢44.4M EUR
  • Other costs34¢91.0M EUR
  • Interest0¢1.3M EUR
  • Income tax0¢733.0K EUR
  • Profit5¢13.4M EUR

Out of 266.8M EUR in revenue.8

Where each dollar of operating cash went, fiscal 2024

  • Capital spending78¢24.6M EUR
  • Kept or used elsewhere22¢6.8M EUR

Out of 31.5M EUR of cash from operations.8

Financial statements

Revenue101112138266.8M EUR in 2024+44% since 2018
0100.0M EUR200.0M EUR300.0M EUR2018: 184.7M EUR184.7M EUR20182019: 196.7M EUR196.7M EUR2019+6%2020: 170.4M EUR170.4M EUR2020−13%2021: 205.4M EUR205.4M EUR2021+21%2022: 232.0M EUR232.0M EUR2022+13%2023: 256.1M EUR256.1M EUR2023+10%2024: 266.8M EUR266.8M EUR2024+4%
Gross profit101112138150.8M EUR in 2024+47% since 2018
050.0M EUR100.0M EUR150.0M EUR200.0M EUR2018: 102.4M EUR102.4M EUR20182019: 109.6M EUR109.6M EUR2019+7%2020: 94.0M EUR94.0M EUR2020−14%2021: 118.2M EUR118.2M EUR2021+26%2022: 128.8M EUR128.8M EUR2022+9%2023: 145.1M EUR145.1M EUR2023+13%2024: 150.8M EUR150.8M EUR2024+4%
Operating income1011121389.4M EUR in 2024+83% since 2018
-5.0M EUR05.0M EUR10.0M EUR15.0M EUR2018: 5.2M EUR5.2M EUR20182019: 6.9M EUR6.9M EUR2019+34%2020: -4.6M EUR-4.6M EUR20202021: 12.2M EUR12.2M EUR20212022: -2.9M EUR-2.9M EUR20222023: 5.6M EUR5.6M EUR20232024: 9.4M EUR9.4M EUR2024+68%
Net income10111213813.4M EUR in 2024+343% since 2018
-10.0M EUR010.0M EUR20.0M EUR2018: 3.0M EUR3.0M EUR20182019: 1.6M EUR1.6M EUR2019−46%2020: -7.2M EUR-7.2M EUR20202021: 13.1M EUR13.1M EUR20212022: -2.2M EUR-2.2M EUR20222023: 6.7M EUR6.7M EUR20232024: 13.4M EUR13.4M EUR2024+100%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Revenue267.6M EUR266.8M EUR256.1M EUR
Cost of sales-114.7M EUR-115.9M EUR-111.0M EUR
Gross profit152.9M EUR150.8M EUR145.1M EUR
Research and development expenses-46.1M EUR-44.4M EUR-38.1M EUR
Sales and marketing expenses-61.6M EUR-61.6M EUR-57.8M EUR
General and administrative expenses-40.1M EUR-39.6M EUR-37.1M EUR
Net other operating income/(expense)3.8M EUR4.2M EUR-6.5M EUR
Operating profit (loss)8.9M EUR9.4M EUR5.6M EUR
Financial expenses-5.6M EUR-3.0M EUR-3.9M EUR
Financial income4.0M EUR7.7M EUR5.0M EUR
Profit (loss) before taxes7.3M EUR14.1M EUR6.8M EUR
Income tax benefit/(expense)429.0K EUR-733.0K EUR-78.0K EUR
Net profit (loss) for the year7.7M EUR13.4M EUR6.7M EUR
The owners of the parent7.7M EUR13.4M EUR6.7M EUR
Non-controlling interest-2.0K EUR-30.0K EUR-27.0K EUR
Basic0.13 EUR0.23 EUR0.11 EUR
Diluted0.13 EUR0.23 EUR0.11 EUR

Compare Materialise NV with another company

Corporate structure

Materialise NV sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Materialise NV

  • Wilfried Vancraen Filed SCHEDULE 13D/A on Materialise NV, latest Oct 30, 2025 (2 filings since Mar 3, 2025)
  • ARK Investment Management LLC Filed SC 13G/A on Materialise NV, latest Feb 10, 2023 (3 filings since Nov 26, 2021)
  • Amova Asset Management Americas, Inc. Filed SC 13G/A on Materialise NV, latest Feb 14, 2022
  • Sumitomo Mitsui Trust Group Filed SC 13G/A on Materialise NV, latest Feb 4, 2022
  • Materialise NV Leuven, Belgium
    • ACTech GmbH Subsidiary · Freiberg, Germany

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Materialise NV 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, net111.3M EUR8 Dec 31, 202495.4M EUR8 Dec 31, 2023+16.7%
Operating-lease assets (leased space)7.7M EUR8 Dec 31, 20248.1M EUR8 Dec 31, 2023−4.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents102.3M EUR8 Dec 31, 2024127.6M EUR8 Dec 31, 2023−19.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill43.4M EUR8 Dec 31, 202443.2M EUR8 Dec 31, 2023+0.5%
Intangible assets, net (excluding goodwill)30.0M EUR8 Dec 31, 202431.5M EUR8 Dec 31, 2023−4.7%

The story

1990s

Materialise was founded in June 1990 by Wilfried Vancraen and his wife Hilde Ingelaere as a Rapid Prototyping service bureau. It was the first company of its kind in the Benelux region of Europe, through the acquisition of a single Stereolithography machine (the SLA 1).

In 1992, Materialise began mapping human anatomy digitally in three dimensions, using sliced CT image data, which lead to the development of its medical image processing software: Mimics. Concurrently, the team was also developing its industrial software solution, Magics. Both of these software solutions were later commercialized to promote growth.

In 1995, Materialise became the first company to produce 3D printed parts in more than one colour, specifically at this time for anatomical models produced using the stereolithography process to delineate the complexities of the anatomy (such as nerves, blood vessels and tumours) and allow surgeons to more precisely plan for operations.

The company developed and produced the first customised 3D printed surgical guide for a dental operation in 1996. These personalised guides were utilised during surgery to show surgeons bone cutting and drilling locations to apply implants. This knowledge was used to develop Materialise SimPlant software, allowing the surgeon to virtually plan the surgery and minimize invasive exploratory surgery.

The company launched one of the first 3D printing online ordering systems in 1997, Materialise NextDay, which later became Materialise OnSite. This service allowed 3D printing service customers to send digital 3D data, which could be printed and shipped the next day.

Demand for prototypes grew, leading Materialise to develop its Mammoth Stereolithography systems, which are capable of printing single-piece models with dimensions of more than 2 meters in the Y axis.

2000s

In the year 2000, hearing aid specialist Phonak approached Materialise to develop the Rapid Shell Modeling (RSM) software. This allowed the design process for customized, patient-specific hearing aid shells to become automated. The resulting designs could then be 3D printed to produce the customised hearing aids. This was the first high volume, end-use application of 3D printing, and today, 99% of the world's hearing aids are now produced using 3D printing.

Materialise acquired US company Columbia Scientific Inc, (CSI) in 2001, the creators of Sim/Plant and ImageMaster, which became the US headquarters for Materialise's dental division in that region.

Read the full text

In 2003 Materialise launched one of the first 3D printed consumer brands —.MGX by Materialise — for 3D printing end-use products as well as prototypes. In parallel, the company also acquired Fused Deposition Modelling (FDM) systems for industrial applications.

The following year, in 2004, Materialise introduced its 3-matic software, allowing 3D printer users to edit files directly in the STL format. Previously, if design changes were required in the digital model, designers had to make them in the CAD suite of choice before re-converting the entire file to STL again.

In 2006 Materialise launched RapidFit, developed as a 3D printed solution for shipping large parts with customized jigs and fixtures to prevent deformation or breakage while in transit.

In 2006 Materialise developed the first Titanium 3D printed skull implants, following the acquisition of OBL, which specialized in the creation of custom cranio-maxillfacial (CMF) implants, producing customized implants with intricate porous structures, that behave like natural bone and mimic its mechanical and thermal properties.

In 2008 Materialise introduced the e-Stage software which was the first software to automatically generate support structures for different geometries in Stereolitography. In the same year, the company launched i.materialise for the consumer market, making it possible for anyone to print their ideas using professional-quality equipment. Materialise also developed its first Build Processor to support running different 3D printing processes more efficiently within a single location.

2010s

In 2012, Materialise introduced Streamics to provide traceable quality control to industrial 3D printer users producing end-use parts within regulated industries.

Materialise went public on June 25, 2014 to enable expansion of its services and software development. The same year the company acquired OrthoView, a market leader in orthopaedic digital pre-operative planning software founded by Adrian Dwyer, John Chambers, and Peter Quinn, and officially established a new office in China in December with a focus on 3D printing Software and R&D, namely Materialise Shanghai Co. Ltd.

In 2016, the company opened a new and dedicated metal production facility in Bremen, Germany. Materialise HQ, Leuven, also acquired and started testing the multi jet fusion (MJF) process from HP. Production of parts with MJF started in the following year, 2017.

With the expansion of the AM Metal market, Materialise acquired ACTech in Germany to extend the company's metal capabilities, with a specific emphasis on low-volume production of highly complex metal parts. The acquisition also enabled Materialise to develop and improve its software suite for metal 3D printing.

From Wikipedia’s article on Materialise NV, shared under CC BY-SA 4.0.7

Timeline

  1. 1990Founded Founded1

Calendar

Coming up

  1. Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.04 a share, on Oct 28, 2025.14

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

Filings

114 filings to the SEC since October 2021: 5 annual reports, 7 large holders, 102 other. The latest 20:

  1. Oct 13, 20266-K EDGAR
  2. Oct 5, 20266-K EDGAR
  3. Sep 28, 20266-K EDGAR
  4. Sep 21, 20266-K EDGAR
  5. Sep 14, 20266-K EDGAR
  6. Sep 8, 20266-K EDGAR
  7. Aug 28, 20266-K EDGAR
  8. Aug 27, 20266-K EDGAR
  9. Aug 27, 20266-K EDGAR
  10. Aug 27, 20266-K EDGAR
  11. Jul 27, 20266-K EDGAR
  12. Jul 20, 20266-K EDGAR
  13. Jul 13, 20266-K EDGAR
  14. Jul 6, 20266-K EDGAR
  15. Jun 29, 20266-K EDGAR
  16. Jun 22, 20266-K EDGAR
  17. Jun 15, 20266-K EDGAR
  18. Jun 8, 20266-K EDGAR
  19. Jun 1, 20266-K EDGAR
  20. May 29, 2026SD EDGAR

The 114 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.

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.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 58. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Disciplined Growth Investors Inc /mn1,992,441$14.8M0.3%+857,054
Rock Point Advisors, LLC990,871$7.4M1.8%−24,610
Archon Capital Management LLC766,622$5.7M2.3%+23,900
King Luther Capital Management Corp628,750$4.7M0.0%No change
Arrowstreet Capital, Limited Partnership476,986$3.5M0.0%+134,349
ARK Investment Management LLC419,784$3.1M0.0%−24,540
Renaissance Technologies LLC296,200$2.2M0.0%−8,500
Citadel Advisors LLC246,117$1.8M0.0%+48,495
Edmond De Rothschild Holding S.a.200,007$1.5M0.0%No change
Axxion S.A.174,384$1.3M0.1%New
Credit Agricole S A150,765$1.1M0.0%−46,185
Morgan Stanley149,415$1.1M0.0%−56,937
UBS Group AG123,225$915.6K0.0%+61,692
Two Sigma Investments, LP100,527$746.9K0.0%−7,456
Nano Cap New Millennium Growth Fund L P100,000$743.0K0.6%No change
Quinn Opportunity Partners LLC80,003$594.4K0.0%No change
Millennium Management LLC67,304$500.1K0.0%+10,424
LPL Financial LLC49,959$371.2K0.0%−3,370
Trexquant Investment LP40,752$302.8K0.0%New
XTX Topco Ltd40,037$297.5K0.0%−27,362
Susquehanna International Group, Llp37,458$278.3K0.0%−123,850
Jane Street Group, LLC36,179$268.8K0.0%−3,370
Engineers Gate Manager LP34,723$258.0K0.0%+22,098
State Street Corp31,315$232.7K0.0%+213
Argos Wealth Advisors, LLC29,218$217.1K0.1%+13,935

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

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

  • Name on EDGARMATERIALISE NV2
  • CIK0001091223
  • Filer statusAccelerated filer not an emerging growth company; not a shell company19
  • Incorporated inBelgium19
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business addressTechnologielaan 15, Levuen, 3001, Belgium2
  • Phone32 16 39 66 112
  • Shares outstanding59,067,186 shares as of Dec 31, 202519
  • AuditorKPMG Bedrijfsrevisoren BV / KPMG Réviseurs d’Entreprises SRL, Zaventem, Belgium PCAOB ID 1050; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceFeb 24, 20142
  • Filings275 in all: 6-K (175), 20-F (12), SD (11), CORRESP (10), SC 13G/A (9), UPLOAD (9), EFFECT (7), 20-F/A (5)2
    All 29 form types

    F-1/A (5), 424B5 (4), F-3 (3), S-8 (3), SC 13G (3), POS AM (2), SC 13D/A (2), SCHEDULE 13D/A (2), 144 (1), 424B3 (1), 424B4 (1), 6-K/A (1), 8-A12B (1), CERTNAS (1), CT ORDER (1), DRS (1), F-1 (1), F-6 (1), FWP (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) Apr 23, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary SharesMTLSNasdaq
Ordinary SharesNasdaq

From the cover page of the 20-F filed Apr 23, 2026 (Section 12(b) of the Exchange Act).19