SHPW on NYSE

Shapeways

New York-based 3D printing marketplace and service

Shapeways, Inc. is a global, 3D printing marketplace and service company.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

2007Founded1

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  • TickerSHPW on NYSE1
  • Industry3D printing, e-commerce1
  • HeadquartersNew York City1
  • Founded inEindhoven1
  • Websitewww.shapeways.com
  • Legal formprivately held company1
  • Incorporated inDE4
  • Business address419 Park Avenue South, New York, Ny 100164
3D Selfie in 1 20 scale scanned at Madurodam and printed by Shapeways IMG 4824 FRD
Photo: Fred Hsu on en.wikipedia, CC BY-SA 3.0, via Wikimedia Commons6

Shapeways, Inc. is a global, 3D printing marketplace and service company. Users design and upload 3D printable files, from which the company prints ordered objects for them, or for others. Users can have objects printed in over 55 materials and finishes, including plastics, precious metals, brass and bronze and, as of 2025, eight additive processes.3

Financials

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

Key numbers, fiscal 2023

42.1%Gross margin7
-131.8%Operating margin7
-127.4%Net margin7
3.9%Revenue growth, 20237
-163.7%Return on equity7
-$29.6MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue30¢$20.0M
  • Research and development14¢$9.3M
  • Selling, general and admin56¢$36.7M
  • Interest0¢$143.0K
  • Income tax0¢$24.0K

Out of $34.5M in revenue.7 The company lost money this year.

Financial statements

Revenue897$34.5M in 2023+8% since 2020
0$10.0M$20.0M$30.0M$40.0M2020: $31.8M$31.8M20202021: $33.6M$33.6M2021+6%2022: $33.2M$33.2M2022−1%2023: $34.5M$34.5M2023+4%
Gross profit897$14.5M in 2023+5% since 2020
0$5.0M$10.0M$15.0M$20.0M2020: $13.9M$13.9M20202021: $15.9M$15.9M2021+15%2022: $14.3M$14.3M2022−10%2023: $14.5M$14.5M2023+1%
Operating income897-$45.4M in 2023+1632% since 2020
-$60.0M-$40.0M-$20.0M02020: -$2.6M-$2.6M20202021: -$8.0M-$8.0M2021+206%2022: -$24.0M-$24.0M2022+199%2023: -$45.4M-$45.4M2023+90%
Net income897-$43.9M in 2023+1286% since 2020
-$60.0M-$40.0M-$20.0M0$20.0M2020: -$3.2M-$3.2M20202021: $1.8M$1.8M20212022: -$20.2M-$20.2M20222023: -$43.9M-$43.9M2023+117%
Fiscal year20192020202120222023
Revenue$31.8M8$33.6M9$33.2M7$34.5M7
Cost of revenue$17.9M8$17.7M9$18.9M9$20.0M7
Gross profit$13.9M8$15.9M9$14.3M7$14.5M7
Research and development$5.6M8$6.3M9$10.4M7$9.3M7
Selling, general and admin$10.8M8$17.7M9$27.8M7$36.7M7
Operating expenses$24.0M9$38.3M7$59.9M7
Operating income-$2.6M8-$8.0M9-$24.0M7-$45.4M7
Interest$582.0K8$404.0K9$7.0K7$143.0K7
Income before tax$1.7M9-$20.2M7-$43.9M7
Income tax-$29.0K8-$71.0K9$31.0K7$24.0K7
Net income-$3.2M8$1.8M9-$20.2M7-$43.9M7
Earnings per share-$0.098$0.049-$3.057-$6.517
Earnings per share (diluted)-$0.098$0.049-$3.057-$6.517
Shares (weighted, basic)41.0M shares96.6M shares76.7M shares7
Shares (weighted, diluted)41.0M shares96.6M shares76.7M shares7

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The story

2007–2017

Shapeways began as a spin-off of Royal Philips Electronics, the Netherlands in 2007. It was founded by Peter Weijmarshausen, Robert Schouwenburg and Marleen Vogelaar and the idea came forth at the Philips design department. The idea of developing a business around 3D printing within Philips was conceived in 2005 by Dolf Wittkämper within the Philips lifestyle incubator program which offers support for start-up companies with innovative ideas; the founders of Shapeways developed their business plan and service within the program.

In 2008, a service was launched that allowed customers to design their own 3D products through rapid prototyping by sending a CAD-file to the Shapeways website to 3D print. Designers can also sell their own designs to be 3D printed on demand for customers, Shapeways handles the financial transaction, manufacture, distribution and customer service; profits go to the designer.

Originally the rapid prototyping could only print using simple materials. Later nylon was added as a possibility. In 2009 it was made public that they succeeded in also manufacturing stainless steel. As of 2012 the scale and possible materials have been further expanded to include sterling silver, acrylic, full color 3D printing and food safe ceramics.

On October 19, 2012 Shapeways opened a new 3D printing factory in Queens, New York that could house 50 industrial printers and produce millions of consumer-designed products a year.

The option now exist for consumers to adapt designs without prior knowledge of 3D design programming. There are models which can be adapted in real time by uploading new text or pictures. There is also the possibility of participating in co-creator platforms in which consumers and designers work together to achieve optimal results. In July 2014, Shapeways announced a partnership program with Hasbro, Inc. to produce 3D printed models of characters from My Little Pony: Friendship Is Magic based on designs created by the adult fan artists from the show and approved by Hasbro. The approach has been seen as a way to lead into other licensed media productions from Hasbro and other Hollywood companies.

2015–2024

On February 21, 2018, Shapeways named Gregory Kress as CEO, replacing Tom Finn.

In 2018, Shapeways announced an agreement with Stratasys to provide entrepreneurs better access to 3D full-color printing using a variety of materials. Since 2019, Shapeways has been able to produce PA-11, a material used in various industries such as aerospace, medical, automotive and more.

In 2019, Shapeways manufactured its 10 millionth printed part. It then produced up to 6,000 products daily, delivered to more than 130 countries.

Read the full text

In September 2019, Shapeways signed a partnership agreement with ZVerse, CADaaS platform, aiming to solve the problem of digital content creation. CADaaS platform enables to optimize 3D files that don't meet required standards and even create new 3D models directly within the Shapeways website. In 2020, Forward AM, BASF’s brand for high-performance materials and services for 3D printing, partnered with Shapeways to offer customers the ability to order 3D-printed items online made with Forward AM material.

In 2021, Shapeways announced having 3D printed over 20 million parts for more than a million customers in 160 countries.

On April 28, 2021, Shapeways and Galileo Acquisition Corp. (NYSE: GLEO), a special-purpose acquisition company, entered into a definitive merger agreement for a merger transaction in which Shapeways will be acquired by Galileo. Upon closing of the transaction, the combined company will be named Shapeways Holdings, Inc. and is expected to remain listed on the NYSE under the new ticker symbol, SHPW. The combined company was led by Greg Kress, Shapeways’ CEO.

2024 bankruptcy

On July 2, 2024, Shapeways ceased fulfilling orders and filed for Chapter 7 bankruptcy. The company’s executives all resigned and its assets were put up for liquidation the same day. The company was de-listed from the NYSE that month, following the bankruptcy.

The Netherlands management team, in collaboration with two of the original co-founders, Vogelaar and Shapeways CEO Schouwenburg, formed a phoenix company, Manuevo BV, in Eindhoven, as a subsidiary of WVS International Inc, with factory manager Jules Witte as COO.

The Netherlands subsidiary of Shapeways remained profitable, and was largely unscathed by the demise of the American company; Manuevo therefore aimed to continue servicing Shapeways clients and to retain the former subsidiary's Dutch jobs. The new entity acquired the assets of the bankrupt Shapeways on 29 July, then officially opened on August 1, 2024 when it acquired the Dutch assets from the local Dutch trustee. Manuevo operates internationally.

On 3 December 2024, Vogelaar and Schouwenburg, five months after Manuevo had acquired Shapeways' European assets; WVS International announced that it had bought the US trademark and other IP assets, and that Shapeways had returned to its Eindhoven plant with its founding team, and restarted operations.

Post-bankruptcy

On December 18, 2024, Shapeways acquired Thangs from Physna Inc. to establish a new ecosystem for creators.

From Wikipedia’s article on Shapeways, shared under CC BY-SA 4.0.5

Leadership

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

Board members and other officers (11)

Timeline

  1. Oct 1, 2021New chief executive Greg Kress becomes CEO13
  2. Oct 18, 2019New chief executive Luca Giacometti becomes CEO14
  3. 2007Founded Founded in Eindhoven1

Filings

173 filings to the SEC since October 2021: 6 annual reports, 7 quarterly reports, 30 major events, 72 insider forms, 11 large holders, 47 other. The latest 20:

  1. Aug 14, 2025SCHEDULE 13G/A EDGAR
  2. May 15, 2025SCHEDULE 13G/A EDGAR
  3. Feb 14, 2025SCHEDULE 13G/A EDGAR
  4. Nov 14, 2024SC 13G/A EDGAR
  5. Jul 3, 20248-K EDGAR
  6. Jun 14, 20248-K EDGAR
  7. May 31, 2024SD EDGAR
  8. May 24, 20248-K EDGAR
  9. May 22, 20244 EDGAR
  10. May 22, 20244 EDGAR
  11. May 22, 20244 EDGAR
  12. May 15, 2024NT 10-Q EDGAR
  13. May 7, 20248-K EDGAR
  14. Apr 16, 202410-K/A EDGAR
  15. Mar 28, 202410-K EDGAR
  16. Mar 28, 20248-K EDGAR
  17. Mar 14, 20244 EDGAR
  18. Mar 14, 20244 EDGAR
  19. Feb 14, 2024SC 13G EDGAR
  20. Feb 14, 2024SC 13G/A EDGAR

The 173 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.