Xometry, Inc. (NASDAQ: XMTR) operates as a global AI-powered online manufacturing marketplace, providing a suite of cloud-based services aimed at digitizing the manufacturing industry. The company connects buyers with suppliers of manufacturing services, enabling efficient sourcing of custom-manufactured parts and assemblies. Xometry sells parts and assemblies through its marketplace and offers digital advertising, marketing services, financial service products, and SaaS products.
- Marketplace Revenue - Reflects the sales of parts and assemblies on the platform, leveraging AI and machine learning algorithms to provide instant pricing and optimal job matching for suppliers.
- Supplier Services Revenue - Includes the sale of digital advertising and marketing services, along with financial service products and SaaS products, helping suppliers grow their businesses.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Randolph Altschuler ExecutiveBoard | Chief Executive Officer | Randolph Altschuler is the Co-Founder, Chief Executive Officer, and a Director at Xometry, Inc., where he has led the company since May 2013. Prior to this role, he co-founded CloudBlue Technologies, Inc. and OfficeTiger, Inc., contributing extensive leadership experience. | View Report → | |
James Miln Executive | Chief Financial Officer (CFO) | James Miln has been serving as the Chief Financial Officer (CFO) of Xometry, Inc. since March 1, 2024, and previously held executive roles at Yelp Inc. and other major companies. | ||
Peter Goguen Executive | Chief Operating Officer | Peter Goguen served as Chief Operating Officer at Xometry since March 2018, contributing significantly to expanding the company’s supplier network before his departure effective June 30, 2025. | ||
Sanjeev Singh Sahni Executive | President | Sanjeev Singh Sahni has been serving as President at Xometry since January 6, 2025, overseeing global operations, product, people, and technology. He previously held key roles at Wayfair and McKinsey, significantly contributing to operational growth and tech-driven innovation. | ||
Subir Dutt Executive | Chief Sales Officer | Subir Dutt is the Chief Sales Officer at Xometry since May 15, 2024. Previously, he held leadership roles at Google Cloud, Kinetica, and Oracle. | ||
Vaidyanathan Raghavan Executive | Chief Technology Officer (CTO) | Vaidyanathan Raghavan is the Chief Technology Officer (CTO) of XMTR since February 5, 2025, and previously held leadership roles in technology at Wayfair, Groupon, and Microsoft. | ||
Emily Rollins Board | Member of Xometry's Board of Directors | Chair of the Audit Committee at Dolby Laboratories, Inc. ; Managing Member of 3E & J LLC dba Town Square NW Austin, Texas ; Board Member at Greater Austin Black Chamber of Commerce ; Board Member at Austin Healthcare Council | Emily Rollins has served as a board member at XMTR since March 2021 and brings nearly three decades of audit and assurance expertise from her tenure at Deloitte & Touche LLP (1992-2020). Additionally, she has held significant external roles such as Chair of the Audit Committee at Dolby Laboratories, Inc. since February 2021. | |
Fabio Rosati Board | Chair of the Board | Board Member at Smith.ai | Fabio Rosati is Chair of the Board at Xometry since December 2023 and has been a board member since December 2017. He has extensive leadership experience in the technology and marketplace sectors, with previous roles at Snagajob and Upwork, and currently serves as a board member at Smith.ai. | |
Katharine Weymouth Board | Board Member | Senior Advisor at Shine Together; Partner at Blu Venture Investors; Trustee of the Philip L Graham Fund; Board Member at Republic Services, Inc.; Board Member at Cable One, Inc.; Board Member at Sequoia Mutual Fund, Inc.; Board Member at The Graham Holdings Company; Board Member at Meadow Reproductive Health; Board Member at DC Volunteer Lawyer Project | Katharine Weymouth has served as a board member at XMTR since October 2020 and is the Chair of the Nominating and Corporate Governance Committee, bringing extensive experience from media, operational leadership, and venture investments. | |
Ranjana Clark Board | Member of the Board of Directors | Board Member at StanCorp Financial Group, Inc.; Board Member at InvestCloud, Inc.; Member of President’s Leadership Council at the Asia Foundation; Fellow at Stanford University’s Distinguished Careers Institute | Ranjana Clark has been a member of Xometry's Board of Directors since July 2021 and currently serves as Chair of the Compensation Committee as well as a member of the Nominating and Corporate Governance Committee. Prior to this role, she held several executive positions at institutions like MUFG and PayPal, bringing extensive experience to her contributions at XMTR. | |
Roy Azevedo Board | Director | Roy Azevedo is a Director at Xometry since October 15, 2024 and serves on the Audit Committee. He previously held multiple leadership roles at Raytheon Technologies, including President of Raytheon Space and Airborne Systems and President of Raytheon Intelligence and Space. |
- Given the accelerated rollout of AI initiatives across instant quoting and mobile supplier engagement, how are you measuring the real-world conversion improvements and cost efficiencies compared to prior implementations?
- With ongoing macro uncertainty and fluctuations in tariffs impacting pricing, what specific adjustments are you making to your pricing strategy to safeguard gross margins while remaining competitive?
- Your call emphasized strong enterprise performance and the rollout of TeamSpace in Europe; can you detail how these integrations are translating into sustainable revenue growth amidst intensifying competition?
- The recent convertible debt refinancing at a 0.75% coupon with a 75% conversion premium raises questions about future dilution—what are the contingency plans if market conditions trigger a higher risk of dilution?
- Although Q2 showed record marketplace gross margins driven by AI, what are the primary risks that could impede maintaining these margins, particularly in light of potential international supply chain disruptions and tariff adjustments?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Tridi Teknoloj A.S. | 2023 | The acquisition involved a non-contingent cash payment of approximately $3.8 million (with $0.4 million withheld) plus up to $1.25 million in contingent stock, aimed at expanding Xometry’s marketplace capabilities in Europe and providing entry into the Turkish market, with detailed purchase price allocation and fair value assessments. |
FactoryFour | 2021 | The deal totaled $6.3 million, composed of cash, Class A common stock, and a contingent consideration, and was strategically intended to integrate a SaaS-based production tracking and quality control solution into Xometry’s marketplace and fintech ecosystem. |
Big Blue Saw | 2021 | Acquired for $2.5 million with components including cash, stock, and contingent consideration, the acquisition primarily secured an instant quoting engine along with over 15 years of operational data to bolster Xometry’s water jet and laser cutting offerings, despite only minor manufacturing capabilities being involved. |
Recent press releases and 8-K filings for XMTR.
- Xometry operates a marketplace for custom manufacturing, leveraging AI for instant pricing and matching buyers with suppliers in a market estimated to be over $2 trillion.
- The company reported strong growth, with Q1 revenue up 23% year-over-year and marketplace revenue up 27% year-over-year.
- Xometry has significantly expanded its marketplace gross margin from 23.5% to 33.5% in 2024, with a long-term target of 35% to 40%.
- The company is focused on continued growth through enterprise customer expansion, with over 100 customers generating more than $500,000 in LTM revenue in 2024, and strong international growth, which accounted for 18% of marketplace revenue in 2024.
- Xometry maintains a strong balance sheet with $231 million in cash and cash equivalents and expects 20% incremental adjusted EBITDA margins as it scales towards a $1 billion run rate.
- Xometry's marketplace business grew 27% year-over-year in Q1 2025, with U.S. marketplace growth near 30%, leading to a raised full-year marketplace outlook to at least 22%.
- The company achieved its second consecutive quarter of positive adjusted EBITDA in Q1 2025 and expects to remain adjusted EBITDA positive for Q2 and the full year.
- Xometry is seeing increased customer engagement, with over 1,500 accounts spending more than $50,000 and over 100 accounts spending more than $500,000 (growing over 40% last year) on a last 12-month basis, indicating a shift towards production work.
- Strategic initiatives like the expansion of Instant Quoting, the adoption of Teamspace (over 7,000 teams created), and the integration of Thomas (with ~1.2 million registered users and a high-margin advertising business) are progressing to drive growth and deeper customer relationships.
- International business, currently 15% of revenue, is growing faster with a target to exceed 30% over time, driven by expansion in Europe and Asia.