Xometry (XMTR) Company Report

Xometry operates an AI-powered marketplace for custom manufacturing, targeting a large, fragmented, and historically offline industry.
The company achieved adjusted EBITDA profitability and reported 40% year-over-year growth in marketplace gross profit dollars in the last quarter, with a record gross margin of 35.7%.
Growth is fueled by market share gains despite manufacturing sector contraction, driven by a focused enterprise strategy and rapid international expansion to a $120 million run rate.
Xometry anticipates at least 20% growth for 2026 and aims to become a $100 billion-plus company, leveraging its data, networks, and product innovation.

Nov 19, 2025, 7:40 PM

Transcript

Xometry Discusses Growth Drivers, Financial Performance, and Future Outlook at TIMT Conference

XMTR

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Xometry operates an AI-powered marketplace for custom manufacturing, driving growth through market share gains, enterprise expansion, and product innovation despite macro headwinds.
The company reported 40% year-over-year growth in marketplace gross profit dollars and achieved a record gross margin of 35.7%. Xometry expects its marketplace to grow 27-28% for the full year 2025 and projects at least 20% growth for 2026.
Xometry's enterprise strategy, including Teamspace and deep integrations, led to 40% growth in spend from its largest customers in 2024. Its international business has grown from $3 million to a $120 million run rate since 2020, showing faster growth than in the US.
Product innovations like the Work Center app and instant quoting for injection molding are expanding offerings and increasing spend per buyer. The ThomasNet acquisition provides opportunities for advertising, cross-pollination, and expanding the Xometry ecosystem.

Nov 19, 2025, 7:40 PM

Transcript

Xometry Reports Accelerated Growth, Enterprise Expansion, and Profitability Milestones

XMTR

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Xometry, an AI-powered marketplace for custom manufacturing, reported accelerated growth in Q3 despite macro headwinds, driven by market share gains and a strong value proposition.
The company has achieved significant success in its enterprise strategy, with spend from its largest customers growing 40% in 2024. In the latest quarter, there were 1,700 accounts spending over $50,000, and 100 accounts spending over $500,000 in 2024. These large customers are estimated to have at least $10 million in potential spend.
Xometry has reached adjusted EBITDA profitability and achieved a record gross margin of 35.7% in the last quarter (Q3 2025), with marketplace gross profit dollars growing 40% year-over-year. The company also reported 20% incremental adjusted EBITDA margin, with a year-to-date (Q3 2025) figure of 21%.
The marketplace is projected to grow 27-28% for the full year 2025, an increase from the prior outlook for 2023-2024.
International operations, which started in 2020 with $3 million in business, have grown to a $120 million run rate, expanding faster than the U.S. market.

Nov 19, 2025, 7:40 PM

Transcript

Xometry Reports Strong Q3 2025 Results and Raises FY 2025 Guidance

XMTR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Xometry reported record revenue of $181 million in Q3 2025, marking a 28% year-over-year increase, primarily driven by 31% Marketplace revenue growth.
The company achieved record gross profit of $72.0 million, up 29% year-over-year, and a positive Adjusted EBITDA of $6.1 million in Q3 2025, an improvement of $6.8 million from the prior year.
Growth initiatives showed strong progress with Active Buyers increasing 21% year-over-year to 78,282 and international revenue growing 23% year-over-year.
Xometry raised its FY 2025 revenue guidance to $676-$678 million and its Adjusted EBITDA guidance to $16-$17 million.

Nov 4, 2025, 1:30 PM

Presentation

Xometry Reports Strong Q3 2025 Results and Raises Full-Year Guidance

XMTR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Xometry reported Q3 2025 revenue of $181 million, an increase of 28% year-over-year, driven by 31% year-over-year growth in marketplace revenue to $167 million.
The company achieved a Q3 2025 adjusted EBITDA of $6.1 million, a significant improvement from a loss of $0.6 million in Q3 2024. Marketplace gross margin expanded by 210 basis points year-over-year to 35.7%.
Xometry raised its full-year 2025 revenue guidance to a range of $676 million-$678 million and its adjusted EBITDA guidance to $16 million-$17 million.
For Q4 2025, the company expects revenue between $182 million-$184 million, representing 23%-24% growth year-over-year, and adjusted EBITDA of $6 million-$7 million.
Xometry anticipates at least 20%+ total revenue growth in 2026, driven by market share gains and strategic initiatives.

Nov 4, 2025, 1:30 PM

Transcript

Xometry Reports Strong Q3 2025 Results and Raises Full-Year Guidance

XMTR

Earnings

Guidance Update

Product Launch

Xometry reported strong Q3 2025 financial results, with revenue increasing 28% year-over-year to $181 million and marketplace revenue growing 31% year-over-year to $167 million.
The company achieved adjusted EBITDA of $6.1 million in Q3 2025, a significant improvement from a loss of $0.6 million in Q3 2024, driven by marketplace gross margin expanding to 35.7%.
Xometry raised its full-year 2025 guidance, now projecting revenue between $676 million and $678 million and adjusted EBITDA between $16 million and $17 million.
For Q4 2025, the company expects revenue of $182-$184 million and adjusted EBITDA of $6-$7 million, and anticipates at least 20% total revenue growth in 2026.
Key product innovations include the early Q4 launch of auto-quoting for injection molding in the U.S. and the Workcenter mobile app, aimed at improving buyer and supplier engagement.

Nov 4, 2025, 1:30 PM

Transcript

Xometry Reports Record Third Quarter 2025 Results and Raises Full-Year Guidance

XMTR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Xometry, Inc. reported record Q3 2025 revenue of $181 million, a 28% year-over-year increase, with marketplace revenue growing 31% year-over-year to $167 million. Gross profit rose 29% year-over-year to $72.0 million, achieving a record marketplace gross margin of 35.7%.
The company's Adjusted EBITDA improved by $6.8 million year-over-year to $6.1 million in Q3 2025. Marketplace Active Buyers increased 21% to 78,282, and Accounts with Last Twelve-Months Spend of at least $50,000 grew 14% to 1,724 as of September 30, 2025.
Xometry provided Q4 2025 revenue guidance of $182 million to $184 million and Adjusted EBITDA guidance of $6 million to $7 million. Full-year 2025 guidance was raised, with expected revenue of $676 million to $678 million and Adjusted EBITDA of $16 million to $17 million.
Recent business highlights include the launch of the new Workcenter mobile app, auto-quotes for injection molding services, and advancements in its AI-powered Design for Manufacturing (DFM) capabilities.

Nov 4, 2025, 12:15 PM

8-K

Xometry Reports Record Third Quarter 2025 Results

XMTR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Xometry reported record Q3 2025 revenue of $181 million, an increase of 28% year-over-year.
Adjusted EBITDA for Q3 2025 improved by $6.8 million year-over-year to $6.1 million.
The company achieved Non-GAAP net income of $6.2 million in Q3 2025, compared to $1.1 million in Q3 2024.
Xometry raised its full-year 2025 revenue guidance to $676-$678 million and Adjusted EBITDA guidance to $16-$17 million.

Nov 4, 2025, 12:05 PM

Press Release

XTM International Acquires Consoltec

XMTR

M&A

New Projects/Investments

Product Launch

XTM International has acquired Consoltec, the Montr\u00e9al-based company behind FlowFit, a secure Translation Business Management System (TBMS).
This acquisition aims to strengthen XTM\u2019s leadership in the TBMS category, offering a unified solution that combines FlowFit\u2019s project management depth with XTM\u2019s scalable, AI-powered localization technology.
The combined platform provides enterprise-grade TBMS functionality and AI-powered TMS capabilities, specifically designed to address the operational challenges and security needs of global enterprises and government institutions.

Oct 8, 2025, 1:00 PM

Press Release

Xometry Reports Accelerated Growth in 2025 and Strong Marketplace Performance

XMTR

Revenue Acceleration/Inflection

New Projects/Investments

Management Change

Xometry is experiencing accelerated growth in 2025 and achieved adjusted EBITDA profitability at a $600 million run rate by the end of last year, with expectations of 20% incremental adjusted EBITDA margins as it scales to $1 billion.
The company's marketplace achieved an all-time high gross margin of 35.4% in Q2, powered by AI, and expects to remain within its 35% to 40% long-term range. Enterprise customers spending over $500,000 grew 40% last year.
International revenue has reached a $100 million+ run rate, growing 31% last quarter, and is projected to contribute 30% to 40% of marketplace revenue long-term.
Xometry has appointed new executives to support scaling and is investing in its Thomasnet platform, an 88-89% gross margin business, to enhance advertiser penetration. The company maintains a strong balance sheet with over $200 million in cash for potential tuck-in M&A.

Sep 10, 2025, 7:25 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Xometry.

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