v3.26.3
Segment Reporting
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s reportable segments are based on the internal reporting used by the Company’s Chief Executive Officer (CEO), who is the chief operating decision maker (CODM), to assess operating performance and make decisions about the allocation of resources. The CODM's primary profit measure for purposes of resource allocation and performance assessment is income (loss) from operations at the segment level. This measure is used to evaluate current-period performance, develop forecasts and budgets, and make decisions about capital and other resource allocations between segments. The Company’s reportable segments are based upon geographic region, consisting of the United States and Europe. The Corporate Unallocated category includes non-reportable segments, as well as research and development and general and administrative costs that the Company does not allocate directly to its operating segments.
Revenue in the United States and Europe is derived primarily from Injection Molding, CNC Machining, 3D Printing and Sheet Metal product lines. Injection Molding revenue consists of sales of custom injection molds and injection-molded parts. CNC Machining revenue consists of sales of CNC-machined and lathe-turned custom parts. 3D Printing revenue consists of sales of 3D-printed parts. Sheet Metal revenue consists of sales of fabricated sheet metal parts.
Intercompany transactions primarily relate to intercontinental activity and have been eliminated and are excluded from the reported amounts. The difference between income (loss) from operations and pre-tax income relates to foreign currency-related gains and losses and interest income on cash balances and investments, which are not allocated to reportable segments.
The following table summarizes selected financial information by reportable segments:
Three Months Ended September 30, 2026
(in thousands)
United StatesEuropeCorporate UnallocatedTotal
Revenue$125,412 $28,906 $— $154,318 
Segment expenses1
88,196 31,823 19,424 139,443 
Restructuring and transformation costs— 434 — 434 
Costs related to exit and disposal activities— — — — 
Income (Loss) from Operations$37,216 $(3,351)$(19,424)$14,441 
Three Months Ended September 30, 2025
(in thousands)
United StatesEuropeCorporate UnallocatedTotal
Revenue$109,361 $26,005 $— $135,366 
Segment expenses1
81,028 28,804 16,683 126,515 
Costs related to exit and disposal activities— 41 — 41 
Income (Loss) from Operations$28,333 $(2,840)$(16,683)$8,810 
Nine Months Ended September 30, 2026
(in thousands)
United StatesEuropeCorporate UnallocatedTotal
Revenue$360,298 $82,697 $— $442,995 
Segment expenses1
252,449 94,162 57,030 403,641 
Restructuring and transformation costs— 2,448 331 2,779 
Costs related to exit and disposal activities— 937 — 937 
Income (Loss) from Operations$107,849 $(14,850)$(57,361)$35,638 
Nine Months Ended September 30, 2025
(in thousands)
United StatesEuropeCorporate UnallocatedTotal
Revenue$320,340 $76,294 $— $396,634 
Segment expenses1
238,823 87,774 51,576 378,173 
Costs related to exit and disposal activities— 151 — 151 
Income (Loss) from Operations$81,517 $(11,631)$(51,576)$18,310 
1 Segment expenses consist primarily of raw materials, equipment depreciation, employee compensation including benefits, commissions and stock-based compensation, facilities costs and overhead allocations associated with the manufacturing process for molds and custom parts, marketing programs such as electronic, print and pay-per-click advertising and trade shows and other related costs for our United States and Europe reportable segments. Segment expenses for our Corporate Unallocated category consist primarily of personnel and outside service costs related to the development of new processes and product lines, enhancements of existing product lines, software developed for internal use, maintenance of internally developed software, quality assurance and testing, employee compensation
including benefits and stock-based compensation, severance, professional service fees related to accounting, tax and legal, and other related overhead costs.
Total long-lived assets, expenditures for additions to long-lived assets, and depreciation and amortization expense were as follows:
(in thousands)September 30,
2026		December 31,
2025
Total long-lived assets:
United States$165,277 $170,228 
Europe41,655 45,033 
Total Long-lived Assets$206,932 $215,261 
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2026202520262025
Expenditures for additions to long-lived assets:
United States$5,499 $3,636 $14,358 $5,929 
Europe297 426 1,181 863 
Total expenditures for additions to long-lived assets$5,796 $4,062 $15,539 $6,792 
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2026202520262025
Depreciation and Amortization:
United States$6,755 $6,904 $20,064 $20,916 
Europe1,327 1,470 4,146 4,560 
Corporate Unallocated26 55 59 217 
Total depreciation and amortization$8,108 $8,429 $24,269 $25,693 
Revenue by product line for the three and nine months ended September 30, 2026 and 2025 was as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(dollars in thousands)2026202520262025
Revenue:
Injection Molding$53,730 $47,770 $158,423 $143,908 
CNC Machining73,359 63,043 206,964 177,831 
3D Printing22,364 20,082 63,496 61,491 
Sheet Metal4,063 4,262 12,876 12,776 
Other Revenue802 209 1,236 628 
Total revenue$154,318 $135,366 $442,995 $396,634