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Side-by-side financial comparison of Nano Dimension Ltd. (NNDM) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

Nano Dimension Ltd. is the larger business by last-quarter revenue ($57.8M vs $57.6M, roughly 1.0× Phathom Pharmaceuticals, Inc.). Nano Dimension Ltd. produced more free cash flow last quarter ($-21.1M vs $-167.0M).

Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

NNDM vs PHAT — Head-to-Head

Bigger by revenue
NNDM
NNDM
1.0× larger
NNDM
$57.8M
$57.6M
PHAT
More free cash flow
NNDM
NNDM
$145.9M more FCF
NNDM
$-21.1M
$-167.0M
PHAT

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
NNDM
NNDM
PHAT
PHAT
Revenue
$57.8M
$57.6M
Net Profit
$-98.8M
Gross Margin
43.1%
86.7%
Operating Margin
-155.1%
Net Margin
-171.1%
Revenue YoY
94.1%
Net Profit YoY
71.6%
EPS (diluted)
$-0.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NNDM
NNDM
PHAT
PHAT
Q4 25
$57.6M
Q3 25
$49.5M
Q2 25
$39.5M
Q1 25
$28.5M
Q4 24
$57.8M
$29.7M
Q3 24
$16.4M
Q2 24
$28.4M
$7.3M
Q2 23
$29.7M
Net Profit
NNDM
NNDM
PHAT
PHAT
Q4 25
Q3 25
$-30.0M
Q2 25
$-75.8M
Q1 25
$-94.3M
Q4 24
$-98.8M
Q3 24
$-85.6M
Q2 24
$-79.2M
$-91.4M
Q2 23
$12.6M
Gross Margin
NNDM
NNDM
PHAT
PHAT
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
43.1%
87.1%
Q3 24
85.6%
Q2 24
45.8%
81.2%
Q2 23
44.0%
Operating Margin
NNDM
NNDM
PHAT
PHAT
Q4 25
Q3 25
-30.8%
Q2 25
-151.7%
Q1 25
-276.5%
Q4 24
-155.1%
Q3 24
-433.0%
Q2 24
-1055.4%
Q2 23
Net Margin
NNDM
NNDM
PHAT
PHAT
Q4 25
Q3 25
-60.5%
Q2 25
-191.9%
Q1 25
-330.7%
Q4 24
-171.1%
Q3 24
-523.3%
Q2 24
-279.4%
-1248.6%
Q2 23
42.3%
EPS (diluted)
NNDM
NNDM
PHAT
PHAT
Q4 25
Q3 25
$-0.41
Q2 25
$-1.05
Q1 25
$-1.31
Q4 24
$-0.45
Q3 24
$-1.32
Q2 24
$-0.35
$-1.56
Q2 23
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NNDM
NNDM
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$317.2M
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$860.0M
$-438.2M
Total Assets
$902.5M
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NNDM
NNDM
PHAT
PHAT
Q4 25
$130.0M
Q3 25
$135.2M
Q2 25
$149.6M
Q1 25
$212.3M
Q4 24
$317.2M
$297.3M
Q3 24
$334.7M
Q2 24
$231.8M
$276.2M
Q2 23
$454.6M
Total Debt
NNDM
NNDM
PHAT
PHAT
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Q2 23
Stockholders' Equity
NNDM
NNDM
PHAT
PHAT
Q4 25
$-438.2M
Q3 25
$-422.5M
Q2 25
$-405.8M
Q1 25
$-338.4M
Q4 24
$860.0M
$-253.6M
Q3 24
$-187.1M
Q2 24
$870.3M
$-233.8M
Q2 23
$1.1B
Total Assets
NNDM
NNDM
PHAT
PHAT
Q4 25
$259.1M
Q3 25
$240.3M
Q2 25
$250.2M
Q1 25
$294.2M
Q4 24
$902.5M
$378.3M
Q3 24
$387.0M
Q2 24
$911.0M
$319.4M
Q2 23
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NNDM
NNDM
PHAT
PHAT
Operating Cash FlowLast quarter
$-18.9M
$-166.8M
Free Cash FlowOCF − Capex
$-21.1M
$-167.0M
FCF MarginFCF / Revenue
-36.5%
-290.0%
Capex IntensityCapex / Revenue
3.8%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NNDM
NNDM
PHAT
PHAT
Q4 25
$-166.8M
Q3 25
$-14.1M
Q2 25
$-62.7M
Q1 25
$-84.9M
Q4 24
$-18.9M
$-266.8M
Q3 24
$-63.6M
Q2 24
$-30.7M
$-70.7M
Q2 23
$-56.1M
Free Cash Flow
NNDM
NNDM
PHAT
PHAT
Q4 25
$-167.0M
Q3 25
$-14.1M
Q2 25
$-62.8M
Q1 25
$-84.9M
Q4 24
$-21.1M
$-266.9M
Q3 24
$-63.6M
Q2 24
$-70.8M
Q2 23
FCF Margin
NNDM
NNDM
PHAT
PHAT
Q4 25
-290.0%
Q3 25
-28.6%
Q2 25
-159.0%
Q1 25
-297.9%
Q4 24
-36.5%
-899.8%
Q3 24
-389.0%
Q2 24
-966.2%
Q2 23
Capex Intensity
NNDM
NNDM
PHAT
PHAT
Q4 25
0.4%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
3.8%
0.5%
Q3 24
0.3%
Q2 24
0.6%
Q2 23
Cash Conversion
NNDM
NNDM
PHAT
PHAT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q2 23
-4.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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