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Textile technology firm Kornit Digital (NASDAQ:KRNT) announced its Q2 2025 earnings, revealing a mixed bag for investors. The company reported revenues of $49.8 million, hitting its projected guidance. However, GAAP numbers showed a net loss of $7.5 million but a non-GAAP profit of $1.2 million.
A significant highlight was the annual recurring revenue reaching $18.9 million from AIC contracts, driven by increased adoption among the vital screen-printing segment. GAAP gross profit margin registered at 41.7%, with a non-GAAP margin of 46.3%. Looking ahead, Kornit anticipates Q3 2025 revenues to fall between $49-55 million, forecasting an adjusted EBITDA margin of -3% to 3%.
Despite current market headwinds, management underscored it’s continued focus on expanding the reach of its Apollo and AIC products, further penetrating the screen-printing market, and maintaining both adjusted EBITDA profitability and a positive operating cash flow.
Kornit Digital (NASDAQ:KRNT), leader nelle tecnologie per la moda digitale e la produzione tessile, ha annunciato i risultati finanziari del secondo trimestre 2025. L’azienda ha registrato ricavi per 49,8 milioni di dollari, in linea con le previsioni, e una perdita netta GAAP di 7,5 milioni di dollari, mentre ha conseguito un utile netto non-GAAP di 1,2 milioni di dollari.
Tra i punti salienti si evidenziano ricavi ricorrenti annuali di 18,9 milioni di dollari derivanti dai contratti AIC, con una crescente adozione soprattutto tra i clienti della stampa serigrafica. Il margine lordo dell’azienda è stato del 41,7% secondo i principi GAAP e del 46,3% secondo i principi non-GAAP. Per il terzo trimestre 2025, Kornit prevede ricavi compresi tra 49 e 55 milioni di dollari con un margine EBITDA rettificato che varia dal -3% al 3%.
Nonostante le difficili condizioni di mercato, la direzione rimane concentrata sull’espansione dell’adozione di Apollo e AIC, sull’incremento della base clienti nel settore della stampa serigrafica e sul mantenimento della redditività dell’EBITDA rettificato e del flusso di cassa operativo positivo.
Kornit Digital (NASDAQ:KRNT), líder en tecnologías de producción digital para moda y textiles, reportó los resultados financieros del segundo trimestre de 2025. La compañía alcanzó ingresos de 49,8 millones de dólares, en línea con las previsiones, y registró una pérdida neta GAAP de 7,5 millones de dólares, mientras que presentó un ingreso neto no GAAP de 1,2 millones de dólares.
Entre los aspectos destacados se incluye un ingreso recurrente anual de 18,9 millones de dólares proveniente de contratos AIC, mostrando una mayor adopción especialmente entre clientes de serigrafía. El margen bruto fue del 41,7% GAAP y 46,3% no GAAP. Para el tercer trimestre de 2025, Kornit proyecta ingresos entre 49 y 55 millones de dólares con un margen EBITDA ajustado que oscila entre -3% y 3%.
A pesar de las condiciones desafiantes del mercado, la gerencia sigue enfocada en escalar la adopción de Apollo y AIC, expandir la base de clientes de serigrafía y mantener la rentabilidad del EBITDA ajustado y un flujo de caja operativo positivo.
Kornit Digital (NASDAQ:KRNT)는 디지털 패션 및 섬유 생산 기술 분야의 선두주자로, 2025년 2분기 재무 실적을 발표했습니다. 회사는 4,980만 달러의 매출을 기록하며 가이던스에 부합했고, GAAP 기준 순손실 750만 달러를 기록했으나 비GAAP 기준 순이익 120만 달러를 달성했습니다.
주요 사항으로는 AIC 계약에서 발생한 연간 반복 매출 1,890만 달러가 있으며, 특히 스크린 인쇄 고객들 사이에서 채택이 증가했습니다. 회사의 총이익률은 GAAP 기준 41.7%, 비GAAP 기준 46.3%였습니다. 2025년 3분기에는 Kornit가 4,900만~5,500만 달러의 매출과 -3%에서 3% 사이의 조정 EBITDA 마진을 예상하고 있습니다.
어려운 시장 상황에도 불구하고 경영진은 Apollo 및 AIC 채택 확대, 스크린 인쇄 고객 기반 확장, 조정 EBITDA 수익성 및 긍정적인 영업 현금 흐름 유지에 집중하고 있습니다.
Kornit Digital (NASDAQ:KRNT), leader dans les technologies de production numérique pour la mode et le textile, a publié ses résultats financiers du deuxième trimestre 2025. L’entreprise a réalisé un chiffre d’affaires de 49,8 millions de dollars, conforme aux prévisions, et enregistré une perte nette GAAP de 7,5 millions de dollars, tout en affichant un bénéfice net non-GAAP de 1,2 million de dollars.
Les points clés incluent un revenu récurrent annuel de 18,9 millions de dollars provenant des contrats AIC, avec une adoption accrue notamment parmi les clients de la sérigraphie. La marge brute de l’entreprise était de 41,7 % selon les normes GAAP et de 46,3 % selon les normes non-GAAP. Pour le troisième trimestre 2025, Kornit prévoit un chiffre d’affaires compris entre 49 et 55 millions de dollars avec une marge EBITDA ajustée allant de -3 % à 3 %.
Malgré des conditions de marché difficiles, la direction reste concentrée sur l’extension de l’adoption d’Apollo et d’AIC, l’expansion de la clientèle en sérigraphie, ainsi que le maintien de la rentabilité de l’EBITDA ajusté et d’un flux de trésorerie opérationnel positif.
Kornit Digital (NASDAQ:KRNT), ein führendes Unternehmen im Bereich digitaler Mode- und Textilproduktionstechnologien, veröffentlichte die Finanzergebnisse für das zweite Quartal 2025. Das Unternehmen erzielte Umsätze von 49,8 Millionen US-Dollar, im Einklang mit den Prognosen, und verzeichnete einen GAAP-Nettogewinnverlust von 7,5 Millionen US-Dollar, während es einen Non-GAAP-Nettogewinn von 1,2 Millionen US-Dollar erzielte.
Zu den wichtigsten Highlights zählen jährliche wiederkehrende Einnahmen von 18,9 Millionen US-Dollar aus AIC-Verträgen, mit zunehmender Akzeptanz insbesondere bei Siebdruckkunden. Die Bruttomarge des Unternehmens betrug 41,7 % nach GAAP und 46,3 % nach Non-GAAP. Für das dritte Quartal 2025 prognostiziert Kornit Umsätze zwischen 49 und 55 Millionen US-Dollar bei einer bereinigten EBITDA-Marge von -3 % bis 3 %.
Trotz herausfordernder Marktbedingungen bleibt das Management darauf fokussiert, die Einführung von Apollo und AIC zu skalieren, die Kundenbasis im Siebdruck auszubauen sowie die bereinigte EBITDA-Rentabilität und positive operative Cashflows aufrechtzuerhalten.
Positive
- Annual recurring revenue from AIC contracts reached $18.9 million, showing strong adoption
- Non-GAAP net income increased to $1.2 million ($0.03 per share) from $1.1 million year-over-year
- Improved adjusted EBITDA margin to -2.3% from -3.4% in the previous year
- Continued positive operating cash flow generation
- Positive traction from screen-printing customers adopting digital solutions
Negative
- GAAP net loss widened to $7.5 million from $4.9 million year-over-year
- GAAP gross profit margin declined to 41.7% from 45.8% year-over-year
- Softer consumables revenue due to customer inventory adjustments
- More modest outlook projected for second half of 2025
Insights
Kornit reported mixed Q2 results with recurring revenue growth but weaker consumables, maintaining profitability on non-GAAP basis despite challenges.
Kornit Digital’s Q2 2025 performance reveals a company in transition, with $49.8 million in revenue (up 2.5% year-over-year) aligning with guidance despite market headwinds. The company reported a GAAP net loss of $7.5 million (worsening from $4.9 million year-over-year), but achieved non-GAAP profitability of $1.2 million.
Their business transformation toward recurring revenue shows promising signs, with Annual Recurring Revenue (ARR) from AIC contracts reaching $18.9 million, particularly from new screen-printing customers adopting digital technology. However, consumables revenue underperformed due to customer inventory adjustments, suggesting potential demand weakness or customer destocking.
Gross margin deterioration is concerning, with GAAP gross margin declining to 41.7% from 45.8% a year ago, and non-GAAP gross margin falling to 46.3% from 48.6%. This compression likely reflects pricing pressures, product mix shifts, or higher production costs.
On the positive side, the company maintained disciplined cost control with non-GAAP operating expenses decreasing by 4.4% year-over-year. This operational efficiency helped the company achieve positive non-GAAP earnings despite gross margin challenges.
Looking ahead, Kornit’s Q3 guidance of $49-55 million in revenue with adjusted EBITDA margin between -3% and 3% suggests continued caution about near-term growth prospects. Management’s characterization of a “more modest outlook for the second half” indicates persistent market challenges.
The company’s strategic focus on scaling Apollo and AIC adoption, expanding its screen-printing customer base, and maintaining adjusted EBITDA profitability reflects a pragmatic approach to navigating current headwinds while building a more resilient revenue foundation.
08/06/2025 – 07:25 AM
- Second quarter revenues of $49.8 million, in line with previous guidance
- Second quarter GAAP net loss of $7.5 million; non-GAAP net income of $1.2 million
- Continued to generate cash from operations
- Reported annual recurring revenue from AIC contracts of $18.9 million, reflecting continued adoption of this new model, particularly from screen-printing customers.
ROSH-HA`AYIN, Israel, Aug. 06, 2025 (GLOBE NEWSWIRE) — Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for the second quarter ended June 30, 2025.
“We delivered second quarter results within our guidance range in a challenging market environment, reflecting ongoing progress in transforming our business toward recurring revenue and long-term growth. While consumables revenue came in softer due to inventory adjustments among certain customers, system sales and AIC adoption maintained momentum. We saw particularly positive traction from screen-printing customers embracing digital for the first time, for a variety of run lengths, as well as capacity expansions from customized design customers,” said Ronen Samuel, Kornit’s Chief Executive Officer.
Mr. Samuel continued, “Despite a more modest outlook for the second half, we remain focused on the execution of our strategy. Our priorities are clear: scaling adoption of the Apollo and AIC, growing the number of screen-printing customers we serve, and maintaining both adjusted EBITDA profitability and operating cash flow generation. With disciplined execution and continued focus, we remain confident these efforts will lay the foundation for a more resilient, scalable, and profitable business.”
Second Quarter 2025 Results of Operations
- Total revenue for the second quarter of 2025 was $49.8 million compared with $48.6 million in the prior year period.
- GAAP gross profit margin for the second quarter of 2025 was 41.7% compared with 45.8% in the prior year period. On a non-GAAP basis, gross profit margin was 46.3% compared with 48.6% in the prior year period.
- GAAP operating expenses for the second quarter of 2025 were $31.6 million compared with $33.0 million in the prior year period. On a non-GAAP basis, operating expenses decreased by 4.4% to $26.7 million compared with the prior year period.
- GAAP net loss for the second quarter of 2025 was $7.5 million, or ($0.17) per basic share, compared with net loss of $4.9 million, or ($0.10) per basic share, for the second quarter of 2024.
- Non-GAAP net income for the second quarter of 2025 was $1.2 million, or $0.03 per share, compared with non-GAAP net income of $1.1 million, or $0.02 per share, for the second quarter of 2024.
- Adjusted EBITDA loss for the second quarter of 2025 was $1.2 million compared with adjusted EBITDA loss of $1.6 million for the second quarter of 2024. Adjusted EBITDA margin for the second quarter of 2025 was negative 2.3% compared with negative 3.4% for the second quarter of 2024.
Third Quarter 2025 Guidance
For the Third quarter of 2025, the Company expects revenues to be in the range of $49 million to $55 million and adjusted EBITDA margin between negative 3% and 3%.
Second Quarter Earnings Conference Call Information
The Company will host a conference call today at 8:30 a.m. ET, or 3:30 p.m. Israel time, to discuss the results, followed by a question-and-answer session with the investor community.
A live webcast of the call can be accessed at ir.kornit.com. To access the call, participants may dial toll-free at 1-800-579-2543 or 1-785-424-1789. The Israel Toll free number is 180-925-6145. The conference ID required to join the call is KORNIT.
To listen to a replay of the conference call, dial toll-free 1-844-512-2921 or 1-412-317-6671 and enter access ID 11159631. The telephonic replay will be available approximately three hours after the completion of the live call until 11:59 pm ET on August 20, 2025. The call will also be available for replay via the webcast link on Kornit’s Investor Relations website.
About Kornit Digital
Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion, and textile production technologies. The company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide. To learn more about how Kornit Digital is boldly transforming the world of fashion and textiles, visit www.kornit.com.
Forward Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “continue,” “believes,” “should,” “intended,” “guidance,” “preliminary,” “future,” “planned,” or other words. These forward-looking statements include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, statements of preliminary or projected results of operations or of financial condition and all statements that address activities, events, or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the duration and severity of adverse macro-economic headwinds that were caused by inflationary pressures and higher interest rates, which have impacted, and may continue to impact, in an adverse manner, the Company’s operations, financial position and cash flows, in part due to the adverse impact on the Company’s customers and suppliers; the Company’s degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company’s Poly Pro and Presto products, and the Company’s Apollo direct-to-garment platform; the extent of the Company’s ability to consummate sales to large accounts with multi-system delivery plans; the degree of the Company’s ability to fill orders for its systems and consumables; the extent of the Company’s ability to increase sales of its systems, ink and consumables; the extent of the Company’s ability to leverage its global infrastructure build-out; the development of the market for digital textile printing; the availability of alternative ink; competition; sales concentration; changes to the Company’s relationships with suppliers; the extent of the Company’s success in marketing; and those additional factors referred to under “Risk Factors” in Item 3.D of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025. Any forward-looking statements in this press release are made as of the date hereof, whether as a result of new information, future events or otherwise, except as required by law.
Non-GAAP Discussion Disclosure
The Company presents certain non-GAAP financial measures, in this press release and in the accompanying conference call to discuss the Company’s quarterly results. These non-GAAP financial measures reflect adjustments to corresponding GAAP financial measures in order to exclude the impact of the following: share-based compensation expenses; amortization of intangible assets; restructuring expenses; foreign exchange differences associated with ASC 842; and non-cash deferred tax income.
The Company defines “Adjusted EBITDA” as non-GAAP operating income (loss), which reflects the adjustments described in the preceding paragraph, as further adjusted to exclude depreciation expense.
The purpose of the foregoing non-GAAP financial measures is to convey the Company’s performance exclusive of non-cash charges and other items that are considered by management to be outside of the Company’s core operating results. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Furthermore, the non-GAAP measures are regularly used internally to understand, manage, and evaluate the Company’s business and make operating decisions, and the Company believes that they are useful to investors as a consistent and comparable measure of the ongoing performance of the Company’s business. The Company’s non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.
The reconciliation tables included below present a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measures.
| KORNIT DIGITAL LTD. | ||||||||
| AND ITS SUBSIDIARIES | ||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||
| (U.S. dollars in thousands) | ||||||||
| June 30, | December 31, | |||||||
| 2025 | 2024 | |||||||
| (Unaudited) | (Audited) | |||||||
| ASSETS | ||||||||
| CURRENT ASSETS: | ||||||||
| Cash and cash equivalents | $ | 25,418 | $ | 35,003 | ||||
| Short-term bank deposit | 306,437 | 205,934 | ||||||
| Marketable securities | 99,757 | 222,937 | ||||||
| Trade receivables, net | 64,457 | 65,459 | ||||||
| Inventory | 50,023 | 60,342 | ||||||
| Other accounts receivable and prepaid expenses | 28,586 | 25,714 | ||||||
| Total current assets | 574,678 | 615,389 | ||||||
| LONG-TERM ASSETS: | ||||||||
