MTLS · NASDAQ · Software - Application

Materialise (ADR) (MTLS)

Connects additive-manufacturing software, medical applications, and industrial production services.

$7.85
vs last close+0.07 (+0.84%)
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Materialise N.V.MTLS
Information Technology

Sells software, patient-specific medical offerings, and industrial manufacturing services for additive manufacturing. Its three segments connect digital design and medical imaging to production.

Links digital design and medical imaging to additive-manufacturing production through Materialise Medical, Materialise Software, and Materialise Manufacturing. Medical includes patient-specific healthcare applications, while Software supplies proprietary tools and Manufacturing provides industrial production services.

Founded as a 3D-printing service business, it developed Mimics to turn CT-scan data into patient-specific anatomical models. Software is transitioning toward cloud and subscription-based delivery while continuing research and development work.

Based in Leuven, Belgium, the group retains a Nasdaq ADS listing and also completed a Euronext listing. Its operating structure centers on the three reportable segments.

Company facts

CEOBrigitte de Vet-Veithen
ListedJun 25, 2014
ExchangeNASDAQ
HeadquartersLeuven, Belgium
CountryBelgium
Employees2,556
CIK0001091223
ISINUS57667T1007

Market cap$455.6M
EPS (ttm)
P/E (ttm)
ROE
P/B1.55
P/S
Dividend yieldDiv yield
Beta1.19vs XLK 0.39

Price target$10.00+28.5%Average of 12 analysts
ConsensusBuy8 of 12 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Feb 20, 2026Cantor FitzgeraldTarget
Target:
Target: $10

EPSReportedEstimate

Oct '24Feb '25Apr '25Jul '25Oct '25Feb '26May '26Jul '26
Reported$0.05$0.05−$0.01$0.00$0.04$0.12$0.03$0.07
Estimate$0.03$0.05$0.02$0.01$0.01$0.07$0.01$0.05
Surprise+100.0%0.0%−150.0%−60.3%+300.0%+70.3%+200.1%+45.4%

RevenueReportedEstimate

Oct '24Feb '25Apr '25Jul '25Oct '25Feb '26May '26Jul '26
Reported$75.3M$68.0M$72.8M$76.3M$77.8M$82.4M$76.6M$81.4M
Estimate$70.7M$63.1M$67.2M$67.3M$70.7M$83.1M$77.1M$78.2M
Surprise+6.5%+7.8%+8.3%+13.5%+10.0%−0.8%−0.6%+4.1%
Estimate$0.05
Reported$0.07+45.4%
Estimate$78.2M
Reported$81.4M+4.1%
View details

Debt to equity23.20%
Current ratio240.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$78.6M$75.2M$76.0M$74.2M$77.2M$80.3M$75.8M$81.5M
Net income$3.5M$3.3M−$610.0K$227.7K$2.2M$7.1M$2.1M$3.9M
Net margin4.4%4.4%0.0%0.3%2.8%8.8%2.7%4.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$4.9M−$1.5M$656.9K$3.1M$2.9M$3.6M$2.4M$2.3M
YoY growth+85.1%Loss widened−77.8%−28.2%−40.4%Turned profit+264.1%−24.8%

Balance sheet, Jun 30, 2026Cash & short-term investments $153.0M · Total debt $68.1M · Total assets $477.8M · Shareholders' equity $293.3M

Revenue
$81.5M
Operating income
$2.3M
Net income
$3.9M

Reported in EUR, converted at the latest exchange rate

View details

No dividends on record.

Institutions13.81%8.09M ADS
63 holders · as of Jun 30, 2026
Other86.19%50.47M ADS
remainder

58.56M ADS as of Sep 12, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2023 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Nikko Asset Management Americas, Inc.Institution
4.51%2.64Mfiled Feb 14, 2022
Disciplined Growth Investors Inc /MNInstitution
3.40%1.99M ADSas of Jun 30, 2026
Rock Point Advisors, LLCInstitution
1.69%990,871 ADSas of Jun 30, 2026
Archon Capital Management LLCInstitution
1.31%766,622 ADSas of Jun 30, 2026
King Luther Capital Management CorpInstitution
1.07%628,750 ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • 3D Systems

    Patient-matched surgical planning and 3D-printed medical solutions

  • Stratasys

    Medical anatomical models and additive-manufacturing systems

  • Proto Labs

    On-demand 3D printing for prototype and production parts

  • Zimmer Biomet

    Patient-matched implants designed from CT and 3D reconstruction

  • Stryker

    Patient-specific surgical planning and 3D-printed CMF implants

Compare

CompanyPriceChange
Materialise (ADR)$7.85+0.84%$455.6M57.1+6.7%
3D Systems$3.62+3.88%$568.4M1.5−0.3%
Stratasys$8.14+2.91%$686.7M59.21.3−0.4%
Proto Labs$89.24+1.77%$2.09B70.139.03.7+10.6%
Zimmer Biomet$93.78−0.57%$18.25B22.910.72.1+4.8%
Stryker$275.61+0.52%$105.11B28.417.24.1+9.4%
Median28.428.12.1+4.8%