Xometry Reports 41% Revenue Growth to $229.3 Million, Net Loss Improves

Xometry, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $229.3 million for the three months ended June 30, 2026, a 41% increase from $162.5 million in the same period last year. The company's marketplace revenue, which constitutes the majority of its income, surged by 45% to $215.4 million, driven by increased buyer activity, particularly among enterprise customers. Despite this growth, Xometry recorded a net loss of $5.3 million, an improvement from a loss of $26.4 million in the prior year, reflecting a continued effort to manage costs while expanding its operations.

In terms of operational metrics, Xometry reported a 20% increase in active buyers, totaling 89,557 as of June 30, 2026, compared to 74,777 a year earlier. The company also noted that 98% of its revenue came from existing accounts, indicating strong customer retention and engagement. The number of accounts with a last twelve-month spend of at least $50,000 rose by 23% to 2,039, further underscoring the effectiveness of its marketplace in fostering long-term relationships with clients.

Xometry's strategic initiatives included the acquisition of GoBRANDgo, LLC, which is expected to enhance its marketing services through AI and automation capabilities. The company also entered into a significant agreement with Siemens Industry Software to integrate its marketplace capabilities into Siemens' industrial software ecosystem, which could expand its market reach and operational efficiency. Additionally, Xometry successfully completed a common stock issuance, raising approximately $247.6 million, which it plans to use for working capital, debt repayment, and potential acquisitions.

The company’s total operating expenses increased to $92.7 million, up from $75.5 million a year ago, primarily due to higher sales and marketing costs, as well as increased general and administrative expenses. However, as a percentage of revenue, total operating expenses decreased to 40.4%, down from 46.4% in the previous year, indicating improved operational efficiency. Xometry's gross profit for the quarter was $87.2 million, with a gross margin of 38.0%, slightly lower than the 40.1% margin reported in the prior year, attributed to a shift towards lower-margin marketplace revenue.

Looking ahead, Xometry remains optimistic about its growth trajectory, citing the potential for continued expansion in both domestic and international markets. The company plans to leverage its recent capital raise and strategic partnerships to enhance its service offerings and further penetrate existing accounts. However, it also acknowledges the potential impact of macroeconomic factors, including inflation and geopolitical tensions, on its business operations and financial performance.