Kornit Digital Ltd.
- Open
- 16.54
- Day high
- 16.60
- Day low
- 16.31
- Prev close
- 16.84
- Volume
- 16K
- Mkt cap
- $707M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.1
- P/S
- 3.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$45K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Kornit Digital Ltd. (KRNT) is a Industrials company listed on NASDAQ. The stock is up 15% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4). Drillr has 1 published research article covering KRNT.
Kornit Digital Ltd. (KRNT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
KRNT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 12, 2026 | $-0.01 | $0.04 | +385.7% | $55M | +4.8% |
| May 13, 2026 | $-0.01 | $-0.01 | +0.0% | $49M | +4.0% |
| Feb 11, 2026 | $0.14 | $0.18 | +28.6% | $59M | +25.9% |
| Nov 5, 2025 | $0.04 | $0.09 | +125.0% | $53M | -8.6% |
| Aug 6, 2025 | $0.02 | $0.03 | +50.0% | $50M | -3.9% |
| May 14, 2025 | $-0.04 | $0.01 | +125.0% | $46M | -12.2% |
| Feb 12, 2025 | $0.21 | $0.18 | -14.3% | $61M | +0.2% |
| Feb 14, 2024 | $0.01 | $0.08 | +816.4% | $57M | -1.6% |
| Feb 15, 2023 | $-0.09 | $-0.13 | -44.4% | $63M | -6.1% |
| Nov 9, 2022 | $-0.12 | $-0.21 | -75.0% | $67M | -1.9% |
| Aug 10, 2022 | $-0.28 | $-0.31 | -10.7% | $58M | +1.7% |
| Feb 15, 2022 | $0.25 | $0.13 | -48.0% | $88M | -2.5% |
KRNT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 13, 2026 | Gazit Danielofficer: Chief Product Officer | Sell | 1,600 | $19.00 |
| Jun 24, 2026 | Gazit Danielofficer: Chief Product Officer | Sell | 274 | $16.70 |
| Jun 11, 2026 | Gazit Danielofficer: Chief Product Officer | Sell | 636 | $15.72 |
| May 15, 2026 | Gazit Danielofficer: Chief Product Officer | Sell | 6,978 | $19.20 |
| May 15, 2026 | Gazit Danielofficer: Chief Product Officer | Sell | 1,406 | $19.20 |
| May 15, 2026 | Gazit Danielofficer: Chief Product Officer | Sell | 1,526 | $19.20 |
Source: KRNT SEC Form 4 filings, latest Aug 13, 2026. For informational purposes only — not investment advice.
See the full KRNT insider & 13F page →Kornit Digital Ltd. company profile
Overview
Kornit Digital Ltd. (NASDAQ:KRNT) is an Israeli-based industrial technology company founded in 2002 that develops and manufactures digital printing solutions for the textile industry. The company went public in 2015 and is headquartered in Rosh HaAyin, Israel. Kornit has established itself as a leader in the digital textile printing revolution, serving customers across the United States, Europe, Middle East, Africa, and Asia Pacific regions. The company has navigated through challenging macroeconomic conditions in recent years while transitioning its business model and launching innovative products to capture the growing shift from traditional analog printing to digital printing in the textile industry.
Business
Kornit Digital operates in the digital textile printing industry, which is part of the broader textile manufacturing sector. The company develops, manufactures, and markets comprehensive digital printing solutions specifically designed for fashion, apparel, and home decor segments of the printed textile market. The core technology revolves around direct-to-garment (DTG) printing and direct-to-fabric (DTF) printing systems. Unlike traditional screen printing, which requires creating physical screens and is economical only for large production runs, digital textile printing allows for on-demand production of customized designs directly onto fabric or finished garments. This technology eliminates the need for minimum order quantities, reduces inventory waste, and enables rapid design changes. Kornit's business operates through several key product segments: 1. Digital Printing Systems (estimated ~40-50% of revenue): The company manufactures industrial-grade digital printers including the Atlas series for direct-to-garment printing and the newer Apollo platform designed for bulk apparel production. These systems can print complex, multi-color designs directly onto textiles with high speed and quality. 2. Consumables (estimated ~35-45% of revenue): This includes proprietary NeoPigment inks, pretreatment chemicals, and other consumables required for the printing process. The consumables business provides recurring revenue as customers need continuous supplies for their printing operations. 3. Software and Services (estimated ~10-15% of revenue): The company offers QuickP designer software, maintenance and support services, consulting, and professional services to help customers optimize their digital printing operations. The company also operates KornitX, a cloud-based platform that connects brands, creators, and fulfillment partners in a global network for on-demand textile production. This platform enables businesses to offer personalized products without holding physical inventory.
Revenue model
Kornit Digital generates revenue through multiple streams within its digital textile printing ecosystem. The primary revenue model involves product sales of industrial printing systems, which typically range from hundreds of thousands to over a million dollars per unit. These systems are sold to decorators, online businesses, brand owners, and contract printers who serve the apparel and home decor markets. The company also generates substantial recurring revenue through consumables sales, particularly its proprietary NeoPigment inks and pretreatment chemicals. Since these consumables are essential for ongoing printing operations and must be regularly replenished, they provide a steady revenue stream that grows with customer usage. Additionally, Kornit earns revenue from service fees through maintenance contracts, technical support, and professional consulting services. In recent years, Kornit has introduced the All-Inclusive Click (AIC) model, which represents a shift toward a subscription-based approach. Under this model, customers pay a monthly fee instead of purchasing equipment outright, with minimum volume commitments that guarantee recurring revenue. This model reduces the capital barrier for customers while providing Kornit with more predictable cash flows. Several factors influence Kornit's profitability margins. Positive margin drivers include increasing customer print volumes (which drive consumables sales), successful penetration of higher-margin markets like bulk apparel production, and the scaling of the AIC model which provides better margin predictability. The company's proprietary ink technology also creates a competitive moat that supports pricing power. Margin pressures come from macroeconomic conditions that affect customers' capital equipment purchasing decisions, competitive pricing in the industrial printing market, and the need for continuous R&D investment to maintain technological leadership. Currency fluctuations also impact margins given the company's global operations, and supply chain disruptions can affect both costs and delivery timelines.
Competitive moat
Kornit Digital possesses a moderate to strong competitive moat built primarily on technological differentiation and ecosystem lock-in effects. The company's proprietary water-based NeoPigment ink technology represents a significant competitive advantage, as these inks are specifically formulated for Kornit's printing systems and cannot be easily substituted with third-party alternatives. This creates a recurring revenue stream and customer dependency that strengthens over time. The company's technological leadership in direct-to-garment and direct-to-fabric printing provides another layer of protection. Kornit's systems offer superior print quality, speed, and automation compared to many competitors, particularly with newer products like the Apollo platform that can achieve 400 shirts per hour. The company's continuous R&D investment and patent portfolio help maintain this technological edge. Switching costs also contribute to Kornit's moat. Once customers invest in Kornit's printing systems and train their operators, switching to alternative solutions involves significant time, cost, and operational disruption. The integration of software, hardware, and consumables creates an ecosystem that becomes more valuable as customers scale their operations. However, the moat faces several challenges. The industrial printing market includes large, well-funded competitors with significant resources for R&D and market penetration. Competitive threats come from established players in the broader printing industry who may develop competing digital textile solutions, as well as from emerging technologies that could disrupt the current printing paradigm. The company's dependence on the apparel and textile industry also creates vulnerability to cyclical downturns and changing fashion trends. Additionally, as digital printing technology matures, the potential for commoditization could erode Kornit's premium pricing power, particularly if competitors successfully develop comparable ink and system technologies.
Risks & safety
Kornit Digital presents a strong margin of safety from a financial stability perspective, though valuation metrics suggest limited downside protection at current levels. Financial Strength: - Minimal debt with debt-to-equity ratio of 0.025, indicating very low financial leverage - Strong liquidity position with current ratio of 13.9 and quick ratio of 12.5 - Positive free cash flow of $33.6 million in 2024, demonstrating improved cash generation - Cash and short-term investments of $35 million provide adequate working capital buffer Valuation Metrics: - Price-to-book ratio of 2.0 suggests moderate premium to book value - Extremely high EV/EBITDA of 172x due to minimal EBITDA, indicating expensive valuation on earnings basis - Graham Net-Net value of $10.16 per share compared to current price around $20, suggesting limited downside protection Other Considerations: - Company achieved positive EBITDA in Q4 2024 after several quarters of losses - Revenue volatility due to cyclical nature of capital equipment sales - Transition to AIC recurring revenue model may provide more stable cash flows going forward - Strong balance sheet provides runway for continued operations and investment during market downturns
Recent development
Over the past few years, Kornit Digital has undergone significant strategic transformation focused on three key areas: product innovation, business model evolution, and market expansion. The most significant development has been the launch of the Apollo platform, a next-generation digital printing system designed specifically for bulk apparel production. This system represents a major technological leap, capable of printing 400 shirts per hour with superior quality and requiring only one operator. The Apollo platform targets the large-scale screen printing market, addressing production runs that were previously uneconomical for digital printing. Following successful beta testing, the company has begun commercial deployments with plans to deliver 30 Apollo systems in 2025. Kornit has also revolutionized its business model through the introduction of the All-Inclusive Click (AIC) model. This subscription-based approach removes the capital investment barrier for customers by allowing them to pay monthly fees with minimum volume commitments instead of purchasing equipment outright. The AIC model has been expanded from Apollo to Atlas MAX systems, providing customers with flexible entry points into digital printing while creating more predictable recurring revenue streams for Kornit. The company has made significant market expansion efforts, diversifying beyond traditional direct-to-garment printing into new segments including footwear, home decor, and technical textiles. Geographic expansion has included increased focus on emerging markets like India, China, Latin America, and Central Europe. The roll-to-roll printing business has shown particular promise in the footwear market, with the introduction of the Vivido ink solution. Technology advancement has continued with the development of Atlas MAX Plus, which offers 15-20% productivity improvements over previous generations, and the MAX Transfer solution for multi-placement garment printing. The company has also enhanced its software capabilities and expanded the KornitX platform to create a more comprehensive ecosystem for on-demand textile production. From an operational standpoint, Kornit has focused heavily on cost optimization and efficiency improvements, successfully returning to positive EBITDA in 2024 after several challenging quarters. The company has also strengthened its manufacturing partnerships and supply chain resilience to support anticipated growth in system deliveries.
KRNT company profile · for informational purposes only — not investment advice.
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