Filing Flows › Proto Labs (PRLB) › Q2 2025
Proto Labs (PRLB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Proto Labs (PRLB) reported revenue of $135M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +7% from the quarter before. Operating margin was 3.7%, net earnings $4.4M (3.3% of revenue).
Proto Labs, Q2 2025: revenue $135M (+8% year over year), operating margin 3.7%, net earnings $4.4M, operating cash flow $10.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135M | +7% | +8% |
| Gross profit | $59.8M | +7% | +6% |
| Operating profit | $5.0M | +10% | -17% |
| Net earnings | $4.4M | +23% | -2% |
| Operating cash flow | $10.6M | -42% | -27% |
| Free cash flow | $9.1M | -47% | -11% |
What changed
Revenue was $135.1M in Q2 2025, up 8% year over year and up 7% from the previous quarter. CNC Machining was the largest line at 46% of revenue. CNC Machining added $10.7M year over year (up 21%), 114% of the total change. Injection Molding declined 3%.
Gross margin was 44.3%, down 0.8 points from a year earlier. Operating profit was $5.0M, a 3.7% margin (down 1.1 points year over year). Operating profit fell $1.0M even though revenue rose $9.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 8%. The fastest-growing cost line was General & admin (+13%). Net earnings were $4.4M, down 2% year over year. The effective tax rate was 33.7%. Non-operating items added $1.7M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.6M (down 27% year over year), 239% of net earnings. Non-cash charges added back $8.6M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $6.7M. Capital expenditures of $1.5M left free cash flow of $9.1M.
Questions
What was Proto Labs' revenue in the second quarter 2025?
Proto Labs (PRLB) reported revenue of $135M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +7% from the quarter before.
Was Proto Labs profitable in the second quarter 2025?
Operating profit was $5.0M (3.7% of revenue) and net earnings $4.4M.
Source: Proto Labs 10-Q on SEC EDGAR.