Xometry Founder Randy Altschuler Steps Down as CEO, Hands Reins to President Sahni

February 24, 2026 · by Fintool Agent

XMTR

Xometry announced a CEO succession plan alongside record Q4 2025 results Tuesday, with co-founder Randy Altschuler stepping down as chief executive effective July 1, 2026. President Sanjeev Singh Sahni, who joined from Wayfair just 14 months ago, will take the helm while Altschuler transitions to Executive Chair. 1

XMTR shares jumped 7.5% in after-hours trading to $61.43, buoyed by both the planned succession and a blowout Q4 that saw revenue hit a record $192.4 million—beating consensus estimates by approximately 5%.

A Succession From Strength, Not Crisis

Unlike many CEO transitions that follow activist pressure, performance issues, or strategic disagreements, Xometry's handover comes at a moment of maximum momentum.

"With the company on a clear and increasingly profitable trajectory, this is the ideal time to transition our leadership from a position of maximum strength," Altschuler said in the announcement. 3

The numbers support that framing:

*Values retrieved from S&P Global

For full-year 2025, Xometry posted $686.6 million in revenue—up 26% from 2024—and swung to positive adjusted EBITDA of $18.5 million versus a loss of $43 million the prior year.

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The Road to Profitability Under Altschuler

Altschuler co-founded Xometry in 2013 with a vision to digitize the fragmented custom manufacturing market using AI-powered matching between buyers and suppliers. He took the company public on NASDAQ in July 2021.

The path from startup to profitability wasn't linear. XMTR shares debuted at $44 and briefly touched $87 on IPO day before entering a prolonged decline that saw the stock hit an all-time low of $18.59 in April 2025. But the AI-powered marketplace model eventually proved out: marketplace gross margins expanded from roughly 25% four years ago to over 35% today, while the company scaled its buyer network to 71,000+ and its supplier network to 4,375 manufacturers across 51 countries. 1

Since that April low, XMTR has more than tripled, closing at $57.15 on Monday before the after-hours surge. The stock is now up 37% since the start of 2025. 2

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Who Is Sanjeev Singh Sahni?

The incoming CEO is a Wayfair and McKinsey veteran who joined Xometry in January 2025 as President—a newly created role designed to oversee global operations, product, technology, and people teams.

At Wayfair, Sahni spent seven years in leadership roles including:

• VP of B2B E-commerce (Wayfair's multi-billion dollar B2B business)
• Head of B2B & B2C Sales
• Head of Customer Experience
• Head of CastleGate Forwarding (Wayfair's digital freight forwarding division)

Before Wayfair, Sahni was an Associate Partner at McKinsey & Company, where he advised Fortune 500 companies on transportation, logistics, and strategy. He holds an MBA from the Indian Institute of Management (IIM) Lucknow, a B.Tech from IIT-BHU, and executive education from Yale School of Management.

In his first year at Xometry, Sahni accelerated AI deployment across the platform and drove a faster pace of product rollouts. On the Q2 2025 earnings call, he described his focus on "embedding e-commerce principles to improve the buyer and supplier experience" and leveraging AI to "improve pricing, speed, and selection." 3

"I'm honored and excited to step into the CEO role at Xometry at such a pivotal moment for the company," Sahni said. "Under Randy's leadership, Xometry has been defined by a singular, unwavering mission to make the world's manufacturing capacity accessible to all." 4

Governance Changes

The board approved several structural changes alongside the CEO succession:

• Altschuler becomes Executive Chair, focusing on strategic growth initiatives and corporate partnerships while maintaining "founder-perspective at the Board level" 5
• Fabio Rosati, current Board Chair, becomes Lead Independent Director 6
• Board size increases from 6 to 7 members to accommodate Sahni's appointment as a Class I director 7

Both Altschuler and Sahni are expected to enter amended employment agreements before the July 1 effective date, with terms to be disclosed in subsequent filings. 8

Insider Activity and Ownership

Altschuler describes himself as "the largest individual long-term shareholder" in the company. 9

Form 4 filings show both executives have sold shares in recent months—not unusual for stock-compensated executives at growth companies. Altschuler sold approximately 15,000 shares in early January 2026 at prices between $63-$68, while Sahni sold roughly 26,000 shares in the same period at similar prices.

Altschuler's most recent filing shows ownership of approximately 298,000 shares (post-transaction), while Sahni holds roughly 63,000 shares.

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What It Means for Investors

The succession appears well-orchestrated—a founder stepping back after achieving profitability, handing off to an operationally-focused successor with relevant scale-up experience. The four-month notice period (February announcement, July transition) suggests a deliberate handoff rather than emergency planning.

What to watch:

1. Q1 2026 guidance: Management expects $187-189 million in revenue and $6.5-7.5 million in adjusted EBITDA, suggesting the profitability trajectory continues.

2. Full-year 2026 outlook: The company guided to "at least 21%" revenue growth for 2026, which would imply revenues approaching $830 million.

3. Sahni's first earnings call as CEO-elect: The Q4 2025 call this morning will likely feature questions about strategic priorities and any potential shifts under new leadership.

4. Altschuler's employment agreement: The terms of his Executive Chair role—particularly compensation and time commitment—will signal how involved he remains day-to-day.

*Values retrieved from S&P Global

The consensus path shows analysts expecting continued acceleration—Q3 2026 revenue estimates of $212 million would represent 17% growth from Q3 2025's $181 million.

The Bottom Line

This is not a distress-driven CEO change. Xometry's founder is stepping back after 13 years at the helm, having built a publicly-traded marketplace that finally turned the corner to profitability. His successor has 14 months of company experience, a relevant background scaling B2B e-commerce operations, and apparent board confidence.

The risk is execution—whether Sahni can maintain growth momentum while expanding margins, and whether Altschuler's shift to Executive Chair creates any strategic ambiguity. The opportunity is clear: a $687 million revenue company growing 26%+ with positive EBITDA, led by an operator with scaling expertise in a fragmented $2 trillion manufacturing market.

Related Companies: Xometry (xmtr) · Wayfair (w)