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How Proto Labs (PRLB) makes money

Proto Labs (PRLB) made $154M of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. CNC Machining brought in $73.4M (48%); Injection Molding brought in $53.7M (35%); 3D Printing brought in $22.4M (14%). Of every dollar of revenue, 44¢ was left as gross profit, 9¢ was left as operating profit, 8¢ was left as net earnings.

Drawing the Sankey…

Proto Labs revenue by segment, Q3 2026Proto Labs revenue by segment, Q3 2026CNC Machining$73.4MInjection Molding$53.7M3D Printing$22.4MSheet Metal$4.1MOther Revenue$802K
Proto Labs: revenue by line, Q1 2025 to Q3 2026Proto Labs: revenue by line, Q1 2025 to Q3 2026CNC MachiningInjection Molding3D PrintingSheet MetalOther RevenueCNC Machining: $73.4M latest$73.4MInjection Molding: $53.7M latest$53.7M3D Printing: $22.4M latest$22.4MSheet Metal: $4.1M latestOther Revenue: $802K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
CNC Machining went from 42% of revenue in Q1 2025 to 48% in Q3 2026, the largest shift in the mix.
Proto Labs revenue by quarterProto Labs revenue by quarter$126MQ1 2025$135MQ2 2025$135MQ3 2025$136MQ4 2025$139MQ1 2026$149MQ2 2026$154MQ3 2026
Proto Labs: where each dollar of revenue goesProto Labs: where each dollar of revenue goesCost of revenue56¢Gross profit44¢Operating expenses35¢Operating profit9¢Income tax3¢Net earnings8¢Operating cash flow15¢Free cash flow11¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
CNC Machining$73.4M47.5%+4%+16%
Injection Molding$53.7M34.8%+0.2%+12%
3D Printing$22.4M14.5%+8%+11%
Sheet Metal$4.1M2.6%-9%-5%
Other Revenue$802K0.5%+253%+284%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$154M100.0%
Cost of revenue$85.7M55.5%
Gross profit$68.7M44.5%
Operating expenses$54.2M35.1%
Operating profit$14.4M9.4%
Income tax$4.4M2.9%
Net earnings$11.8M7.6%
Operating cash flow$22.8M14.8%
Free cash flow$17.0M11.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$154M+14%
Q2 2026$149M+11%
Q1 2026$139M+10%
Q4 2025$136M+12%
Q3 2025$135M+8%
Q2 2025$135M+8%
Q1 2025$126M-1%

From Proto Labs' 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Proto Labs make money?

Proto Labs (PRLB) made $154M of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. CNC Machining brought in $73.4M (48%); Injection Molding brought in $53.7M (35%); 3D Printing brought in $22.4M (14%). Of every dollar of revenue, 44¢ was left as gross profit, 9¢ was left as operating profit, 8¢ was left as net earnings.

What is Proto Labs' biggest business?

CNC Machining: $73.4M in the third quarter 2026, 48% of revenue, +16% from a year earlier.

What is Proto Labs' profit margin?

Net earnings were $11.8M, 7.6% of revenue, in the third quarter 2026; the operating margin was 9.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.