Company research
Desktop Metal, Inc.
CIK 1754820Updated Sep 27, 2026
Securities
Name history
Trine Acquisition Corp. · through Dec 9, 2020
DM price & chart
Historical security
This listing closed Apr 1, 2025. Live provider charts are shown only for current listings.
In the news
No coverage from other publishers is available.
Seeking Alpha
Financials
FY 2023 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 458,001,000Source | 754,347,000Source | 1,388,596,000Source | 641,909,000Source |
| Property, Plant and Equipment, NetUSD | 35,840,000Source | 56,271,000Source | 58,710,000Source | 12,160,000Source |
| GoodwillUSD | 0Source | 112,955,000Source | 639,301,000Source | 2,252,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 83,845,000Source | 76,291,000Source | 65,017,000Source | 483,525,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 37,690,000Source | 38,481,000Source | 46,687,000Source | 6,516,000Source |
| Inventory, NetUSD | 82,639,000Source | 91,736,000Source | 65,399,000Source | 9,708,000Source |
| Assets, CurrentUSD | 216,137,000Source | 336,416,000Source | 402,009,000Source | 612,592,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 11,105,000Source | 17,155,000Source | 18,208,000Source | 976,000Source |
| Operating Lease, Right-of-Use AssetUSD | 29,724,000Source | 22,147,000Source | 17,794,000Source | 1,810,000Source |
| Other Assets, NoncurrentUSD | 37,153,000Source | 27,763,000Source | 25,480,000Source | 4,879,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 216,349,000Source | 226,845,000Source | 140,246,000Source | 125,984,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 33,000Source | 32,000Source | 31,000Source | 23,000Source |
| Additional Paid in CapitalUSD | 1,908,504,000Source | 1,874,792,000Source | 1,823,344,000Source | 844,188,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,632,225,000Source | -1,308,954,000Source | -568,611,000Source | -328,277,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -34,660,000Source | -38,368,000Source | -6,414,000Source | -9,000Source |
| Stockholders' Equity Attributable to ParentUSD | 241,652,000Source | 527,502,000Source | 1,248,350,000Source | 515,925,000Source |
| Liabilities and EquityUSD | 458,001,000Source | 754,347,000Source | 1,388,596,000Source | 641,909,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 70,104,000Source | 83,387,000Source | 104,065,000Source | 30,499,000Source |
| Operating Lease, Liability, CurrentUSD | 7,341,000Source | 5,667,000Source | 5,446,000Source | 868,000Source |
| Accounts Payable, CurrentUSD | 18,190,000Source | 25,105,000Source | 31,558,000Source | 7,591,000Source |
| Operating Lease, Liability, NoncurrentUSD | 23,065,000Source | 17,312,000Source | 12,388,000Source | 2,157,000Source |
| Deferred Income Tax Liabilities, NetUSD | 3,523,000Source | 8,430,000Source | 10,695,000Source | — |
| Other Liabilities, NoncurrentUSD | 2,806,000Source | 1,359,000Source | 3,170,000Source | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 3,523,000Source | 8,430,000Source | 10,695,000Source | — |
| Long-term Debt, Current MaturitiesUSD | 330,000Source | 584,000Source | 825,000Source | 9,991,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 548,000Source | — |
| Short-term InvestmentsUSD | 625,000Source | 108,243,000Source | 204,569,000Source | 111,867,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -323,271,000Source | -740,343,000Source | -240,334,000Source | -34,015,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 53,632,000Source | 50,767,000Source | 24,854,000Source | 8,589,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 33,177,000Source | 48,001,000Source | 28,778,000Source | 8,006,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,297,000Source | -6,737,000Source | 18,299,000Source | 2,370,000Source |
| Increase (Decrease) in InventoriesUSD | 19,079,000Source | 28,183,000Source | 16,962,000Source | 1,303,000Source |
| Increase (Decrease) in Accounts PayableUSD | -6,894,000Source | -6,595,000Source | 12,797,000Source | -2,637,000Source |
| Deferred Income Tax Expense (Benefit)USD | -3,550,000Source | -1,901,000Source | -29,655,000Source | -940,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -114,995,000Source | -181,531,000Source | -155,048,000Source | -80,575,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 1,750,000Source | 23,000Source | 287,624,000Source | 5,284,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 117,265,000Source | 81,567,000Source | -427,294,000Source | -36,983,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,762,000Source | 11,517,000Source | 7,683,000Source | 1,429,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 534,000Source | 113,786,000Source | 166,550,000Source | 534,922,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,777,000Source | 13,655,000Source | -415,879,000Source | 417,364,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 84,690,000Source | 81,913,000Source | 68,258,000Source | 484,137,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 6,900,000Source | 3,488,000Source | 148,000Source | 322,000Source |
| Income Taxes Paid, NetUSD | — | — | 150,000Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -27,000Source | -167,000Source | -87,000Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 33,177,000Source | 48,785,000Source | 28,778,000Source | 8,006,000Source |
| Amortization of Intangible AssetsUSD | 41,617,000Source | 38,662,000Source | 17,515,000Source | — |
| Debt Securities, Realized Gain (Loss)USD | — | 1,600,000Source | 100,000Source | — |
| DepreciationUSD | 12,000,000Source | 12,100,000Source | — | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | -464,000Source | -6,332,000Source | -9,660,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 613,000Source | -44,000Source | -7,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -209,000Source | -224,000Source | -74,000Source | -18,000Source |
| General and Administrative ExpenseUSD | 66,272,000Source | 83,065,000Source | 78,041,000Source | 20,734,000Source |
| GoodwillUSD | 0Source | 112,955,000Source | 639,301,000Source | 2,252,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 1,600,000Source | 0Source | 0Source | 0Source |
| Goodwill, Impairment LossUSD | 112,911,000Source | 498,800,000Source | — | — |
| Income Tax Expense (Benefit)USD | -3,105,000Source | -1,498,000Source | -29,668,000Source | -940,000Source |
| Inventory Write-downUSD | 28,966,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -323,271,000Source | -740,343,000Source | -240,334,000Source | -34,015,000Source |
| Operating ExpensesUSD | 313,131,000Source | 746,834,000Source | 219,748,000Source | 77,006,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Operating Lease, Lease IncomeUSD | — | — | 67,000Source | — |
| Proceeds from Stock Options ExercisedUSD | 1,203,000Source | 3,190,000Source | 6,426,000Source | 325,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 339,000Source | -290,000Source | -40,000Source | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 189,698,000Source | 209,023,000Source | 112,408,000Source | 16,470,000Source |
| Cost of RevenueUSD | 199,788,000Source | 193,952,000Source | 94,115,000Source | 31,519,000Source |
| Operating Income (Loss)USD | -323,221,000Source | -731,763,000Source | -201,455,000Source | -92,055,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -326,376,000Source | -741,841,000Source | -270,002,000Source | -34,955,000Source |
| Income Tax Expense (Benefit)USD | -3,105,000Source | -1,498,000Source | -29,668,000Source | -940,000Source |
| Net Income (Loss) Attributable to ParentUSD | -323,271,000Source | -740,343,000Source | -240,334,000Source | -34,015,000Source |
| Earnings Per Share, BasicUSD per share | -1Source | -2.35Source | -0.92Source | — |
| Earnings Per Share, DilutedUSD per share | -1Source | -2.35Source | -0.92Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 322,196,000Source | 314,817,000Source | 260,770,000Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 322,196,000Source | 314,817,000Source | 260,770,000Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 41,617,000Source | 38,662,000Source | 17,515,000Source | — |
| Current Income Tax Expense (Benefit)USD | 445,000Source | 403,000Source | -13,000Source | — |
| Debt Securities, Realized Gain (Loss)USD | — | 1,600,000Source | 100,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 613,000Source | -44,000Source | -7,000Source | — |
| General and Administrative ExpenseUSD | 66,272,000Source | 83,065,000Source | 78,041,000Source | 20,734,000Source |
| Goodwill, Impairment LossUSD | 112,911,000Source | 498,800,000Source | — | — |
| Gross ProfitUSD | -10,090,000Source | 15,071,000Source | 18,293,000Source | -15,049,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -262,779,000Source | -474,942,000Source | -252,343,000Source | -34,285,000Source |
| Interest and Other IncomeUSD | — | — | — | 1,011,000Source |
| Interest ExpenseUSD | — | — | 149,000Source | 328,000Source |
| Interest Income (Expense), NetUSD | -4,099,000Source | -1,743,000Source | — | — |
| Operating ExpensesUSD | 313,131,000Source | 746,834,000Source | 219,748,000Source | 77,006,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 67,000Source | — |
| Research and Development ExpenseUSD | 85,096,000Source | 96,878,000Source | 68,131,000Source | 43,136,000Source |
| Selling and Marketing ExpenseUSD | 40,334,000Source | 68,091,000Source | 47,995,000Source | 13,136,000Source |