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?
Research analysts who have asked questions during Xometry earnings calls.
Brian Drab
William Blair & Company
4 questions for XMTR
Cory Carpenter
JPMorgan Chase & Co.
3 questions for XMTR
Eric Sheridan
Goldman Sachs
3 questions for XMTR
Greg Palm
Craig-Hallum Capital Group LLC
3 questions for XMTR
Matthew Swanson
RBC Capital Markets
3 questions for XMTR
Ronald Josey
Citigroup Inc.
3 questions for XMTR
Andrew Boone
JMP Securities
1 question for XMTR
Gregory Palm
Craig-Hallum Capital Group LLC
1 question for XMTR
Joshua Chan
UBS Group AG
1 question for XMTR
Matt Swanson
RBC Capital Markets
1 question for XMTR
Nicholas Jones
Citizens JMP
1 question for XMTR
Ron Josey
Citigroup Inc.
1 question for XMTR
Troy Jensen
Cantor Fitzgerald
1 question for XMTR
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 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.
- Xometry experienced accelerated growth in 2025, driven by deeper penetration into enterprise customers and advancements in its platform and user experience.
- The company has brought in a new executive team, including a new President, CTO, and CMO, from larger companies to help scale beyond $500 million of revenue towards the billion-dollar mark and beyond.
- The marketplace achieved an all-time high gross margin of 35.4% in Q2, primarily due to AI powering price prediction accuracy and optimal supplier matching.
- International revenue is at a $100 million plus run rate, growing 31% last quarter, and is projected to eventually reach 30% to 40% of marketplace revenue.
- Xometry turned profitable at a $600 million run rate at the end of last year, expecting 20% incremental adjusted EBITDA margins as it scales to a billion, and holds over $200 million in cash for potential tuck-in M&A.
- Xometry reported accelerated growth in 2025, attributed to deeper penetration into enterprise customers and advancements in its platform, leveraging digitization and AI in manufacturing.
- The marketplace gross margin reached an all-time high of 35.4% in Q2, within the long-term target range of 35%-40%, primarily driven by AI-powered price prediction and supplier matching.
- International operations have grown significantly, from ~$2 million in revenue in 2020 to a $100 million+ run rate, with 18% of marketplace revenue coming from international last quarter and a long-term target of 30%-40%.
- The company achieved adjusted EBITDA profitability at a $600 million run rate by the end of last year and anticipates 20% incremental adjusted EBITDA margins as it scales towards $1 billion.
- Xometry has strengthened its executive team with new hires including a new CFO, President, CTO, and CMO, all with experience scaling multi-billion dollar companies.
- Xometry is experiencing accelerated growth in 2025, driven by deeper penetration into enterprise customers and platform improvements, aiming to scale beyond $500 million in revenue towards a billion-dollar mark and beyond.
- A new leadership team, including a CFO, President, CTO, and CMO, has been brought in from larger, multi-billion dollar companies to help scale the business.
- The marketplace achieved an all-time high gross margin of 35.4% in Q2, powered by AI for price prediction and supplier matching, with expectations to remain within the 35% to 40% long-term range.
- International revenue has grown significantly from $2 million in 2020 to a $100 million plus run rate, representing 18% of marketplace revenue last quarter and targeting 30% to 40% long-term.
- The company turned adjusted EBITDA profitable at a $600 million run rate last year, expecting 20% incremental adjusted EBITDA margins as it scales to a billion, and holds over $200 million in cash for organic growth and potential tuck-in M&A.
- Xometry reported strong Q2 results, including 26% marketplace revenue growth and a record overall gross margin of over 40%. The marketplace gross margin reached 35.4% in Q2, with a long-term target of 35% to 40%.
- The company's "land and expand" strategy is gaining traction, with top 100 customers (spending over $500,000) growing over 40% in 2024 and having a potential to reach $10,000,000+. Key product adoptions include TeamSpace, now used by over 8,500 teams , and ERP integrations, which reduce friction for customers.
- International business, currently representing about 16.5% of total revenue, is growing rapidly and is expected to reach 30% to 40%. Additionally, the revitalization of Thomas, a high-margin (90%) business, is progressing with new ad servers and revamped search, showing a 10% increase in search engagement during testing.
- 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.