Weathered boatNano Dimension $NNDM
Grew revenue 77.3% in FY2025 to $102 million, operating margin -137% against a 4.6% median for printed circuit boards, equity 86.5% of assets.
Last filingDEF 14A, 10 Nov 2026
Edgarette’s full reading · exposure, experience, soundness, credibility, range
🫧 Edgar looked up NANO DIMENSION LTD. ($NNDM). Last filing: DEF 14A, 2026-11-10. 17 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-10-02.
🔖 Exposure: revenue $102.4M (FY2025). Experience: revenue up 77.3% on the year, up 34.8% a year over 2 years; operating margin -137.0%, up from -155.1%. Soundness: equity 86.5% of assets, return on equity -53.2%. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $126.1M and $202.7M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, printed circuit boards): operating margin -137.0% against a 4.6% median; growth 77.3% against 6.3%.
Read from its own SEC filings · nothing written, nothing inferred
Speed and cash · fiscal 2025
| Cash flow (op · inv · fin · free) | — · $1M · −$25M · — |
| Investment book (cash · short · long) | $205M · — · $0M · current ratio 10.02 |
| Revenue swing · equity of assets | 27.5% · 86.5% |
Nano Dimension is growing faster than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $102M |
| Revenue, on the year | 77.3% |
| Revenue, a year over the record | 34.8% |
| Operating margin | −137.0% |
| Operating margin, prior year | −155.1% |
| Net margin | −286.6% |
| Research and development | $30M · 29.3% of revenue |
| Total debt | — |
| Equity of assets | 86.5% |
| Return on equity | −53.2% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $-1.36 |
| Book value per share | $2558.56 |
| Revenue per share | $474.81 |
| Shares outstanding | 215,742 |
| Audited years read | 3 |
Peers: the median of 10 filers with $50M+ revenue in printed circuit boards.
Classic signals · fiscal 2025Altman Z″ not enough filed detail (needs current assets and liabilities, retained earnings, operating income)Piotroski F 3 of 9 middling 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals needs net income, operating cash and two years of assetsDuPont ROE -41.6% = margin -286.6% × turns 0.13 × leverage 1.09
What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →
Health HarborNano Dimension sails as: Weathered boat
Health watch · 12 monthsLate annual report noticeExchange listing notice or transferAuditor changeDirector or officer change ×3
Range at riskAuditor change · 2026-10-02 filed after the range was logged on 2026-09-27; the range is unchanged
Sailing speed follows growth: 32.9% a year crosses the harbor in 30 seconds.
🌊 Visit the Bay →- filed late annual report notice, auditor change in the last 12 months
- operating loss: a margin of -137.0% in FY2025
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
Brand success factors · calendar 2025
The Trillion Score: 510
Exponential Success Score
Built on over $200 trillion of sworn revenue, 13 years of data, 770,002 figures. Sealed by Edgarette.
How The Trillion Score works. We read eight measures of success from Nano Dimension's own SEC filings and test each one against the public companies in its field, here semiconductors & related devices. The longer and fuller the record, the more weight those results carry. A model built on past filings then turns them into the odds of thriving, which means outgrowing the field for three years without a severe decline. A score of 500 is about average, and every 100 points doubles the odds. Every company is ranked on this same scale.
What it says here. At 510, Nano Dimension's odds of thriving come to 38%, against about 37% for the typical filer. It meets 2 of 5 success points.
What the score means
The higher the score, the more often companies went on to thrive. At this level, about 38 of every 100 did.
Share of companies that beat their field for three years with no severe decline, tested on 2019 to 2022 filings.
Fall Risk: Medium
Separate from the score, this asks what could go wrong: the odds of sales falling 30% or the filings stopping within three years. In the tests, about 22 of every 100 companies in the Medium band did. That is the group's history, not a forecast for this company.
| Money | Not enough filed to judge. | not filed |
| Swings | Not enough years on file. | not filed |
| Filed events | No such 8-K events in the last two years. | 0 |
The eight success points
| Point | What it means | Place in field | |
|---|---|---|---|
| Speed | Sales grew faster than most of its field. | 94 of 100 | Met |
| Steadiness | Not filed. | ||
| Price premium | It keeps less of each sales dollar than the leaders in its field. | 42 of 100 | Not yet |
| Margin stays above the field | Its margin has not held above the field for long. | 50 of 100 | Not yet |
| Moat half-life | Not filed. | ||
| Brand spend yield | Brand spending returns less gross profit than for the leaders in its field. | 12 of 100 | Not yet |
| Learning curve | Not filed. | ||
| Climb in the field | It has been moving up the size ranks in its field. | 83 of 100 | Met |
Price premium -$3M is the extra gross profit over a field-median margin. Momentum $10M is gross profit times growth above the field's pace.
The actuarial view
| Credibility | With 4 years of filings, the record earns 31% of the weight. The rest stays at the middle of the field. | 0.31 |
| Severe decline, class C | About 30 of every 100 companies with this many points fell 30% or stopped reporting within three years. | 30.1% |
| Actual vs expected | Sales are 130% higher than if it had simply kept pace with its field. | 2.30 |
Top of its field: #1 Broadcom · #2 Nvidia · #3 Arm · #4 MACOM Technology Solutions · #5 Rambus
Ranked by The Trillion Score. See the method and score your own brand. Tested on 2019 to 2022 filings. Odds, class and Fall Risk figures are the experience of similar filers, not a forecast for this company. A statistical description of past filings, not a rating or advice.
- DEF 14A · 2026-11-10
- 10-Q · 2026-11-05
- 8-K · 2026-11-05 · 2.02 Results of Operations and Financial Condition; 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits
- 8-K · 2026-10-02 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits
- 8-K · 2026-08-18 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure
- 10-Q · 2026-08-07
Measured, not prophesiedSuccess tools: score it, compare it, see its fieldFour questions. Scored against the SEC filings of the companies in your field.
Each benchmark is the median of SEC filers in your industry code, from their own audited filings, read on the filing boards. Reporting, not investment advice.
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · Open in Excel (CSV) · Ten-year table (CSV) ·