Desktop Metal, Inc. (DM) Financial Statements (2026 and earlier)

Company Profile

Business Address 63 3RD AVENUE
BURLINGTON, MA 01803
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84,470184,534269,586595,392139
Cash and cash equivalent83,84576,29165,017483,525139
Short-term investments 625108,243204,569111,867 
Restricted cash and investments2334,5102,129  
Receivables37,69040,12147,3527,016 
Inventory, net of allowances, customer advances and progress billings82,63991,73665,3999,708 
Inventory82,63991,73665,3999,708 
Prepaid expense4,5281,5762,651265191
Asset, held-for-sale, not part of disposal group  830   
Other undisclosed current assets6,57713,10914,892211243
Total current assets:216,137336,416402,009612,592572
Noncurrent Assets
Operating lease, right-of-use asset     
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization35,84056,27158,71012,160 
Long-term investments and receivables     
Long-term investments     
Intangible asset, including goodwill, after accumulated amortization168,259332,785901,28511,354 
Goodwill  112,955639,3012,252 
Intangible asset, excluding goodwill, after accumulated amortization168,259219,830261,9849,102 
Deposits noncurrent assets    24
Asset, held-in-trust     304,529
Restricted cash and investments 6121,1121,112612 
Other noncurrent assets37,15327,76325,4804,879 
Other undisclosed noncurrent assets   312 
Total noncurrent assets:241,864417,931986,58729,317304,553
TOTAL ASSETS:458,001754,3471,388,596641,909305,125
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:39,08043,45660,57614,911303
Taxes payable✕✕✕274586 
Employee-related liabilities✕✕✕17,1242,068 
Accounts payable18,19025,10531,5587,591 
Accrued liabilities20,89018,35111,6204,666 
Other undisclosed accounts payable and accrued liabilities     303
Deferred revenue11,73913,71918,1893,004 
Debt3936479069,991 
Business combination, contingent consideration, liability  2,5871,471  
Other undisclosed current liabilities18,89222,97822,9232,593 
Total current liabilities:70,10483,387104,06530,499303
Noncurrent Liabilities
Long-term debt and lease obligation113,066112,38213,6252,157 
Long-term debt, excluding current maturities112,565111,834548  
Finance lease, liability501548689  
Liabilities, other than long-term debt33,09030,76522,556  
Accounts payable and accrued liabilities     
Deferred revenue3,6963,6644,508  
Deferred income tax liabilities3,5238,43010,695  
Other liabilities2,8061,3593,170  
Operating lease, liability23,06517,31212,3882,157 
Business combination, contingent consideration, liability   4,183  
Other undisclosed noncurrent liabilities89311 91,17110,541
Total noncurrent liabilities:146,245143,45836,18195,48510,541
Total liabilities:216,349226,845140,246125,98410,844
Equity
Equity, attributable to parent, including:241,652527,5021,248,350515,9255,000
Common stock33323123 
Additional paid in capital1,908,5041,874,7921,823,344844,1882,314
Accumulated other comprehensive loss(34,660)(38,368)(6,414)(9) 
Retained earnings (accumulated deficit)(1,632,225)(1,308,954)(568,611)(328,277)2,685
Other undisclosed equity, attributable to parent     1
Other undisclosed equity     289,281
Total equity:241,652527,5021,248,350515,925294,281
TOTAL LIABILITIES AND EQUITY:458,001754,3471,388,596641,909305,125

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues189,698209,023112,40816,470100
Sale of trust assets to pay expenses     100
Cost of revenue
(Cost of Product and Service Sold)		(199,788)(193,952)(94,115)(31,519) 
Gross profit:(10,090)15,07118,293(15,049)100
Operating expenses(313,131)(746,834)(219,748)(77,006)(1,857)
Other undisclosed operating loss     (100)
Operating loss:(323,221)(731,763)(201,455)(92,055)(1,857)
Nonoperating income
(Other Nonoperating income)		     5,312
Interest and debt expense  (149)(328) 
Other undisclosed income from continuing operations before equity method investments, income taxes   57,428 
Income (loss) from continuing operations before equity method investments, income taxes:(323,221)(731,763)(201,604)(34,955)3,455
Other undisclosed loss from continuing operations before income taxes(3,155)(10,078)(68,398)  
Income (loss) from continuing operations before income taxes:(326,376)(741,841)(270,002)(34,955)3,455
Income tax expense (benefit)3,1051,49829,668940(726)
Income (loss) from continuing operations:(323,271)(740,343)(240,334)(34,015)2,729
Income (loss) before gain (loss) on sale of properties:✕✕✕(240,334)(34,015)2,729
Net income (loss) attributable to parent:(323,271)(740,343)(240,334)(34,015)2,729
Other undisclosed net loss available to common stockholders, basic     (5,669)
Net loss available to common stockholders, diluted:(323,271)(740,343)(240,334)(34,015)(2,940)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(323,271)(740,343)(240,334)(34,015)2,729
Other comprehensive income (loss)3,708(31,954)(6,405)(84) 
Comprehensive income (loss), net of tax, attributable to parent:(319,563)(772,297)(246,739)(34,099)2,729

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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