Kornit Digital Reports First Quarter 2025 Results

Kornit Digital Ltd. reported results for the first quarter ended March 31, 2025.

Total revenue for the first quarter of 2025 was $46.5 million compared with $43.8 million in the prior year period. GAAP gross profit margin for the first quarter of 2025 was 42.6% compared with 32.3% in the prior year period. On a non-GAAP basis, gross profit margin was 45.2% compared with 37.5% in the prior year period.

“We delivered to our commitments in Q1, even as we operated in an uncertain macro environment,” said Ronen Samuel, Kornit’s CEO. “The apparel industry is undergoing significant disruption, and there has never been a better moment for Kornit to lead. Apollo combined with our AIC model is delivering robust impressions growth and unlocking the mass production segment, which represents an estimated SAM of 4.5 billion impressions.”

“The opportunity ahead is enormous, and Kornit is advancing with clarity, conviction, and purpose,” added Samuel. “We are playing offense and leading this transformation of how fashion is created, consumed, and delivered.”

GAAP net loss for the first quarter of 2025 was $5.1 million, or ($0.11) per basic share, compared with net loss of $13.2 million, or ($0.28) per basic share, for the first quarter of 2024. Non-GAAP net income for the first quarter of 2025 was $0.6 million, or $0.01 per diluted share, compared with non-GAAP net loss of $5.3 million, or ($0.11) per basic share, for the first quarter of 2024.

Adjusted EBITDA loss for the first quarter of 2025 was $3.9 million compared with adjusted EBITDA loss of $7.8 million for the first quarter of 2024. Adjusted EBITDA margin for the first quarter of 2025 was negative 8.4% compared with negative 17.9% for the first quarter of 2024.

For the second quarter of 2025, the company expects revenues to be in the range of $49 million to $55 million and adjusted EBITDA margin between negative 4% and 4%.