TL;DR: Proto Labs, Inc. Q3 2025 10-Q Summary
Proto Labs reported top-line growth for the nine months ended September 30, 2025, with YTD revenue rising 4.6% to $396.6M, driven by strong performance in the CNC Machining segment ($177.8M revenue). However, profitability contracted sharply: Net Income fell 10.3% YTD to $15.2M, and Income from Operations declined to $18.3M from $21.4M in the prior year, with Gross Margin squeezing to 44.6% due to cost inflation. Basic EPS fell to $0.64 YTD.
Business & Segment Dynamics: The United States segment drove revenue growth (+6.9% YT
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