DIVESTITURES

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

NOTE 4 - DIVESTITURES

In September 2025, the Company entered into a definitive agreement for the sale of its 3DXpert and Oqton businesses to Hubb Global Holdings, LLC for $3.5 million plus a revenue-based royalty of up to $12.9 million. 3DXpert and Oqton are included in our Industrial Solutions segment.

On October 31, 2025, the Company completed the sale of the 3DXpert and Oqton businesses, subject to customary adjustments.

The Company determined that the associated assets and liabilities met the held for sale criteria during September 2025, with approval by the Company's Board of Directors and the signing of the purchase agreement. Accordingly, the Company classified $1.6 million of assets and $5.1 million of liabilities as held for sale in the Company’s Condensed Consolidated Balance Sheet as of September 30, 2025. No loss was recognized to measure the disposal group at the lower of its carrying value or fair value less costs to sell. The disposal group has not been classified as a discontinued operation in the accompanying condensed consolidated financial statements, as the sale of 3DXpert and Oqton does not constitute a strategic shift that would have a major effect on the Company’s operations.

The following table summarizes the assets and liabilities of 3DXpert and Oqton that have been classified as held for sale at September 30, 2025:


(in thousands)	September 30, 2025
Assets


Prepaid expenses and other current assets	$	294
Total current assets held for sale	294
Property and equipment, net	77
Intangible assets, net	3
Other assets	1,187
Total assets held for sale	$	1,561
Liabilities
Accounts payable	$	149
Accrued and other liabilities	529
Customer deposits	50
Deferred revenue	2,941
Total current liabilities held for sale	3,669
Other liabilities	1,408
Total liabilities held for sale	$	5,077

In December 2024, the Company entered into a definitive agreement with Hexagon AB for the sale of its Geomagic software business ("Geomagic"), which was included in our Industrial Solutions segment. On April 1, 2025, the Company completed the sale of Geomagic and received $119.4 million in cash, which reflected applicable purchase price adjustments under the Asset Purchase Agreement and Business Transfer Agreement. The Company recorded a pre-tax gain of $125.7 million from the sale of Geomagic in the nine months ended September 30, 2025.

No loss was recognized to measure the disposal group at the lower of its carrying value or fair value less costs to sell. The disposal group has not been presented as a discontinued operation in the accompanying condensed consolidated financial statements because the sale of Geomagic does not represent a strategic shift that will have a major effect on the Company’s operations.

The Company determined that the associated assets and liabilities met the held for sale criteria in December 2024. The following table summarizes the assets and liabilities of Geomagic:


(in thousands)	December 31, 2024
Assets
Accounts receivable, net	$	765

Prepaid expenses and other current assets	47
Total current assets held for sale	812

Intangible assets, net	917

Other assets	1,447
Total assets held for sale	$	3,176
Liabilities


Accounts payable	$	491
Accrued and other liabilities	303

Deferred revenue	7,197
Total current liabilities held for sale	7,991

Other liabilities	2,260
Total liabilities held for sale	$	10,251

3D SYSTEMS CORP 10-Q