Proto Labs, Inc. announced record financial results for the second quarter ended June 30, 2025, with revenue reaching $135.1 million. This represents a 7.5% increase compared to $125.6 million in the second quarter of 2024. Revenue fulfilled through digital factories increased by 4.8% year-over-year to $105.8 million, while the Protolabs Network saw an 18.6% increase to $29.3 million.
The company reported non-GAAP earnings per share of $0.41. Gross margin for the quarter was 44.8%, a slight decrease of 0.9 percentage points from the prior year. CNC Machining revenue showed strong growth, increasing by 20.9% year-over-year, while Injection Molding revenue declined by 3.4% and 3D Printing revenue slipped by 0.3%.
Proto Labs continued its capital return program, repurchasing $24.0 million of common stock in the first half of 2025. The company maintained a strong balance sheet with $123.2 million in cash and investments and zero debt. For the third quarter of 2025, management provided guidance projecting GAAP revenue between $130.0 million and $138.0 million, with non-GAAP earnings per share expected to range from $0.35 to $0.43.
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