Xometry Reports 28% Revenue Growth to $180.7 Million in Latest Quarter

Xometry, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $180.7 million for the three months ended September 30, 2025, a 28% increase from $141.7 million in the same period last year. The company's marketplace revenue, which constitutes the majority of its income, surged by 31% to $166.6 million, driven by increased buyer activity, particularly among enterprise customers. However, supplier services revenue saw a slight decline of 4%, totaling $14.1 million, attributed to reduced advertising and marketing services.

The company's gross profit also improved, rising to $72.0 million, up 29% from $55.8 million year-over-year. This resulted in a gross margin of 39.9%, slightly up from 39.4% in the previous year. The increase in gross profit was primarily due to higher marketplace revenue and improved margins, reflecting the efficiency of Xometry's AI-driven platform and an expanding supplier network. Operating expenses increased to $83.1 million, up from $67.3 million, largely due to higher sales and marketing costs, which rose by 20% to $32.6 million.

Despite the revenue growth, Xometry reported a net loss of $11.6 million for the quarter, compared to a loss of $10.2 million in the prior year. The loss was influenced by increased operating expenses and a $1.3 million rise in interest expenses. The company’s Adjusted EBITDA for the quarter was $6.1 million, a notable improvement from a loss of $0.6 million in the same quarter of 2024, indicating enhanced operational efficiency.

In terms of strategic developments, Xometry has expanded its active supplier base to over 4,375 globally, which supports its marketplace's growth. The company also launched new features on its platform, including the Teamspace collaboration software in Europe and a new dynamic ad serving technology for its Thomasnet platform. Additionally, Xometry executed a partial repurchase of its 2027 convertible notes, utilizing proceeds from a recent $250 million issuance of 2030 convertible notes, which are expected to enhance its financial flexibility.

Looking ahead, Xometry anticipates continued growth driven by increased buyer engagement and the expansion of its supplier network. However, the company remains cautious about potential macroeconomic challenges, including inflation and geopolitical tensions, which could impact its operations. The management expressed confidence in its ability to navigate these challenges while maintaining a focus on innovation and efficiency in its service offerings.