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NET INCOME (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NOTE 9 - NET INCOME (LOSS) PER SHARE

Basic net income (loss) per common share is calculated by dividing net income (loss) attributable to 3D Systems’ common stock by the weighted average number of shares of common stock outstanding during the applicable period. Diluted net income (loss) per common share incorporates the additional shares issuable upon the assumed exercise of stock options, the vesting of restricted stock and RSUs, and the assumed conversion of debt, except in such case when (1) the inclusion of such shares or potential shares would be anti-dilutive or (2) when the vesting of restricted stock or RSUs is contingent upon one or more performance conditions that have not been met as of the balance sheet date.

Three Months Ended Six Months Ended
(in thousands, except per share amounts)June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Numerator (basic):
Net income (loss) attributable to 3D Systems Corporation$104,436 $(27,258)$67,450 $(43,259)
Redeemable non-controlling interest redemption value in excess of carrying value— (98)— (173)
Net income (loss) attributable to 3D Systems' common stock shareholders$104,436 $(27,356)$67,450 $(43,432)
Numerator (diluted):
Net income (loss) attributable to 3D Systems' common stock shareholders$104,436 $(27,356)$67,450 $(43,432)
Add back: Interest on 2030 Notes104 — 104 — 
Net income (loss) attributable to 3D Systems' common stock shareholders plus assumed conversions$104,540 $(27,356)$67,554 $(43,432)
Denominator:
Basic weighted average common shares outstanding(a)
132,280 131,802 132,370 131,311 
Effect of Dilutive securities:
Restricted stock and RSUs1,222 — 1,653 — 
Conversion of 2030 Notes49,214 — 49,214 — 
Diluted weighted average common shares outstanding182,716 131,802 183,237 131,311 
Net income (loss) per common share:
Basic$0.79 $(0.21)$0.51 $(0.33)
Diluted$0.57 $(0.21)$0.37 $(0.33)
Anti-dilutive shares4,075 3,553 2,929 4,489 
(a) For the three and six months ended June 30, 2025, includes 250 thousand shares of common stock issued in April 2025 in connection with the dp polar earnout arrangement.
In the three and six months ended June 30, 2025 approximately 0 and 146 thousand shares, respectively, related to the payment of accrued incentive compensation that was settled in shares, were included in diluted shares. In the three and six months ended June 30, 2024, approximately 0 shares and 531 thousand shares, respectively, related to the payment of accrued incentive compensation that was settled in shares, were included in diluted shares. These estimates are based on the liabilities recorded as of June 30, 2025 and June 30, 2024, under the fiscal year 2025 and 2024 incentive compensation arrangements, respectively, divided by the Company’s year-to-date average share price of $2.60 for 2025 and $4.28 for 2024.
Diluted income per common share was computed using the treasury stock method for restricted shares and RSUs and the if-converted method for convertible debt.
Share Repurchases
On June 23, 2025, 3D Systems repurchased 8.0 million shares of its outstanding common stock at a price of $1.87 per share, which was equal to the closing price of the common stock on the New York Stock Exchange on June 17, 2025. The share repurchase was executed concurrently with the issuance of $92 million of new 5.875% Convertible Senior Secured Notes due 2030 (refer to Note 6).
The share repurchase was approved by the Company’s Board of Directors in connection with the broader refinancing transaction. It was structured to mitigate potential dilution associated with the issuance of the new convertible notes and was funded as part of the same transaction that retired a significant portion of the Company’s 2026 Notes at a discount to par. The Company retired its common stock upon repurchase.