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Markforged (MKFG) Revenue & Revenue Breakdown

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Markforged Revenue Highlights

Latest Revenue (Y)

$93.78M

Latest Revenue (Q)

$20.48M

Main Segment (Y)

Hardware

Main Geography (Y)

Americas

Markforged Revenue by Period

Markforged Revenue by Year

DateRevenueChange
2023-12-31$93.78M-7.11%
2022-12-31$100.96M10.67%
2021-12-31$91.22M26.96%
2020-12-31$71.85M-0.96%
2019-12-31$72.55M-

Markforged generated $93.78M in revenue during NA 2023, up -7.11% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Markforged Revenue by Quarter

DateRevenueChange
2024-09-30$20.48M-5.55%
2024-06-30$21.69M5.55%
2024-03-31$20.55M-14.99%
2023-12-31$24.17M20.40%
2023-09-30$20.07M-21.12%
2023-06-30$25.45M5.64%
2023-03-31$24.09M-18.79%
2022-12-31$29.66M17.68%
2022-09-30$25.21M4.05%
2022-06-30$24.23M10.83%
2022-03-31$21.86M-17.94%
2021-12-31$26.64M10.78%
2021-09-30$24.05M17.76%
2021-06-30$20.42M1.49%
2021-03-31$20.12M-17.33%
2020-12-31$24.34M55.62%
2020-09-30$15.64M10.34%
2020-06-30$14.17M-19.93%
2020-03-31$17.70M-

Markforged generated $20.48M in revenue during Q3 2024, up -5.55% compared to the previous quarter, and up 80.49% compared to the same period a year ago.

Markforged Revenue Breakdown

Markforged Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Service$10.50M$8.42M$6.68M
Hardware$59.29M$69.11M$64.97M
Consumables$24.00M$23.42M$19.57M

Markforged's latest annual revenue breakdown by segment (product or service), as of Dec 23: Hardware (63.22%), Consumables (25.59%), and Service (11.20%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Service$3.12M$2.87M$5.60M$2.46M$2.44M$2.14M$2.07M$2.33M$1.89M$2.43M$1.68M
Consumables$5.77M$6.40M$11.06M$6.48M$6.46M$6.51M$5.57M$5.89M$5.46M$5.27M$4.90M
Hardware$11.59M$11.27M$27.59M$16.51M$15.20M$21.01M$17.57M$16.01M$14.52M$18.93M$17.47M

Markforged's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Hardware (56.59%), Consumables (28.17%), and Service (15.25%).

Markforged Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21
EMEA$29.74M$30.18M-
Americas$43.72M$46.64M$48.52M
Asia Pacific$20.32M$24.14M$17.11M
E M E A--$25.59M

Markforged's latest annual revenue breakdown by geography, as of Dec 23: Americas (46.61%), EMEA (31.72%), and Asia Pacific (21.67%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Asia Pacific$3.87M$4.12M$9.34M$5.85M$5.14M$6.61M$7.26M$5.22M$5.04M$5.50M$3.99M
Americas$10.35M$10.10M$21.27M$11.98M$10.46M$12.49M$12.59M$11.46M$10.10M$13.35M$14.94M
EMEA$6.26M$6.33M$13.63M$7.62M$8.49M$10.57M$5.35M$7.54M$6.72M$5.12M-
E M E A---------$7.79M-

Markforged's latest quarterly revenue breakdown by geography, as of Sep 24: Americas (50.53%), EMEA (30.56%), and Asia Pacific (18.91%).

Markforged Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PSTGPure Storage$2.83B$763.77M
SSYSStratasys$627.60M$144.05M
DDD3D Systems$488.07M$113.25M
DMDesktop Metal$189.70M$36.41M
MKFGMarkforged$93.78M$20.48M
VLDVelo3D$77.56M$10.34M
NNDMNano Dimension$56.31M$13.51M
IONQIonQ$22.04M$12.40M
QBTSD-Wave Quantum$8.76M$1.87M

MKFG Revenue FAQ

What is Markforged’s yearly revenue?

Markforged's yearly revenue for 2023 was $93.78M, representing a decrease of -7.11% compared to 2022. The company's yearly revenue for 2022 was $100.96M, representing an increase of 10.67% compared to 2021. MKFG's yearly revenue for 2021 was $91.22M, representing an increase of 26.96% compared to 2020.

What is Markforged’s quarterly revenue?

Markforged's quarterly revenue for Q3 2024 was $20.48M, a -5.55% decrease from the previous quarter (Q2 2024), and a 2.04% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $21.69M, a 5.55% increase from the previous quarter (Q1 2024), and a -14.78% decrease year-over-year (Q2 2023). MKFG's quarterly revenue for Q1 2024 was $20.55M, a -14.99% decrease from the previous quarter (Q4 2023), and a -14.71% decrease year-over-year (Q1 2023).

What is Markforged’s revenue growth rate?

Markforged's revenue growth rate for the last 3 years (2021-2023) was 2.81%, and for the last 5 years (2019-2023) was 29.27%.

What are Markforged’s revenue streams?

Markforged's revenue streams in c 23 are Service, Hardware, and Consumables. Service generated $10.5M in revenue, accounting 11.20% of the company's total revenue, up 24.67% year-over-year. Hardware generated $59.29M in revenue, accounting 63.22% of the company's total revenue, down -14.22% year-over-year. Consumables generated $24M in revenue, accounting 25.59% of the company's total revenue, up 2.45% year-over-year.

What is Markforged’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Markforged was Hardware. This segment made a revenue of $59.29M, representing 63.22% of the company's total revenue.