---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055780"
form_type: "8-K"
ticker: null
cik: "0001816613"
company_name: "Markforged Holding Corp"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:29:02.403277+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Markforged Q1 revenue down 15% to $20.5M; net loss widens to $35.9M on litigation accrual

## Summary
- Revenue $20.5M vs $24.1M YoY; gross margin improved to 49.3% (non-GAAP 51.3%).
- Net loss $35.9M (non-GAAP $12.2M) includes $17.3M accrual for Continuous Composite judgment.
- Operating expenses $47.2M, up from $33.1M; non-GAAP OpEx declined to $24.1M.
- Cash and equivalents $107.9M at March 31, down from $116.9M at Dec 31, 2023.
- George Riedel appointed to board; board size increased from eight to nine.

## SEC filing metadata
- accession: 0000950170-24-055780
- form_type: 8-K
- cik: 0001816613
- company_name: Markforged Holding Corp
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816613/000095017024055780/0000950170-24-055780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816613/000095017024055780/mkfg-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055780
- JSON: https://secwatch.observer/filing/0000950170-24-055780.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055780.txt

## Key facts
- Earnings Releases
  Markforged Holding Corp reported the first quarter ended March 31, 2024 results: revenue $20.5 million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $20.5 million
  - Result: reported results
  source text: of need, today announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results Compared To First Quarter 2023 • Revenue was $20.5 million compared to $24.1 million. • Gross margin was 49.3% compared to 48.1%. • Non-GAAP gross margin was 51.3% compared to 49.3%. • Operating expenses were $47.2 million, inclusive of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816613/000095017024055780/0000950170-24-055780-index.htm
- Executive change
  George Riedel was appointed as Director at Markforged Holding Corp.
  - Action: appointed
  - Role: Director
  source text: the Board appointed George Riedel to the Board as a Class II director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816613/000095017024055780/0000950170-24-055780-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.