Markforged Holding Corporation (MKFG) Financial Statements (2024 and earlier)

Company Profile

Business Address 60 TOWER ROAD
WALTHAM, MA 02451
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments116,854167,932288,603920
Cash and cash equivalents116,854124,242288,603920
Short-term investments  43,690  
Receivables24,05929,29426,777 
Inventory, net of allowances, customer advances and progress billings26,77326,40910,377 
Inventory26,77326,40910,377 
Prepaid expense2,7562,8473,921314
Other current assets2,0223,334511 
Total current assets:172,464229,816330,1891,234
Noncurrent Assets
Operating lease, right-of-use asset36,88445,955  
Property, plant and equipment17,71318,2986,349 
Intangible assets, net (including goodwill)17,12848,742  
Goodwill  31,116  
Intangible assets, net (excluding goodwill)17,12817,626  
Asset, held-in-trust    215,076
Other noncurrent assets3,7633,130776 
Total noncurrent assets:75,488116,1257,125215,076
TOTAL ASSETS:247,952345,941337,314216,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,07524,08818,814140
Accounts payable13,23514,42511,403115
Accrued liabilities9,8409,6637,41125
Deferred revenue8,7798,8546,288 
Other liabilities1,526 310 
Other undisclosed current liabilities7,3688,022  
Total current liabilities:40,74840,96425,412140
Noncurrent Liabilities
Liabilities, other than long-term debt45,59452,42367,73317,903
Deferred revenue6,0835,3583,742 
Deferred rent credit   1,623 
Other liabilities2,3614,0422,646 
Operating lease, liability35,77140,608  
Business combination, contingent consideration, liability1,3792,41559,722 
Derivative instruments and hedges, liabilities    17,903
Other undisclosed noncurrent liabilities    7,525
Total noncurrent liabilities:45,59452,42367,73325,428
Total liabilities:86,34293,38793,14525,568
Temporary equity, carrying amount    185,743
Equity
Equity, attributable to parent, including:161,610252,554244,1695,000
Common stock191919 
Additional paid in capital366,281352,564319,8597,611
Accumulated other comprehensive income (loss)(26)1,068  
Accumulated deficit(204,664)(101,097)(75,709)(2,612)
Other undisclosed equity, attributable to parent    1
Total equity:161,610252,554244,1695,000
TOTAL LIABILITIES AND EQUITY:247,952345,941337,314216,310

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues93,784100,95891,221 
Cost of revenue(49,370)(50,252)(38,368) 
Gross profit:44,41450,70652,853 
Operating expenses(155,795)(137,790)(113,893) 
Operating loss:(111,381)(87,084)(61,040) 
Nonoperating income (expense)6,0932,497(248) 
Investment income, nonoperating6,4002,87817 
Other nonoperating expense(307)(381)(265) 
Interest and debt expense(373)(11)(16) 
Loss from continuing operations before equity method investments, income taxes:(105,661)(84,598)(61,304) 
Other undisclosed income from continuing operations before income taxes1,50858,79265,215 
Income (loss) from continuing operations before income taxes:(104,153)(25,806)3,911 
Income tax expense (benefit)586418(56) 
Income (loss) from continuing operations:(103,567)(25,388)3,855 
Income before gain (loss) on sale of properties:3,855
Net income (loss) available to common stockholders, diluted:(103,567)(25,388)3,855 

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(103,567)(25,388)3,855 
Other comprehensive income (loss)(1,094)1,068  
Other undisclosed comprehensive income    
Comprehensive income (loss), net of tax, attributable to parent:(104,661)(24,320)3,855 

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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