Xometry Reports Record Third Quarter 2025 Results

Xometry, Inc., a global AI-powered marketplace connecting buyers and suppliers of custom manufacturing, has released its financial results for the third quarter ended September 30, 2025. The company reported significant growth in revenue and gross profit, driven by robust marketplace expansion and strong enterprise engagement.

Financial Highlights

For the third quarter of 2025, Xometry reported a 28% year-over-year increase in revenue, reaching a record $181 million. The company's gross profit also saw a substantial rise of 29% year-over-year, amounting to $72.0 million. The gross margin for the marketplace segment improved by 210 basis points to 35.7%. Adjusted EBITDA showed a notable improvement, increasing by $6.8 million year-over-year to $6.1 million.

Despite these positive results, the company reported a net loss attributable to common stockholders of $11.6 million for the quarter. However, non-GAAP net income was $6.2 million, compared to $1.1 million in the same period last year. Cash, cash equivalents, and marketable securities stood at $225 million as of September 30, 2025.

Business and Operational Highlights

Xometry's marketplace revenue for the third quarter was $167 million, marking a 31% increase year-over-year. The number of active buyers grew by 21% to 78,282, and accounts with last twelve-months spend of at least $50,000 increased by 14% to 1,724. However, supplier services revenue saw a slight decline of 4% year-over-year, totaling $14.1 million.

Key business developments included the launch of the new Workcenter mobile app, which enhances supplier management capabilities, and the introduction of auto-quotes for injection molding services in the U.S. Additionally, Xometry EU expanded its marketplace with new materials and faster lead times, and launched a parts library to simplify part data management for customers.

Strategic Initiatives and Corporate Developments

Among the notable strategic initiatives, Xometry launched a new dynamic ad-serving technology platform through Thomas, aimed at improving ad effectiveness and ROI tracking. The company also advanced its AI-powered Design for Manufacturing (DFM) capabilities, enhancing the accuracy of quotes and supplier matching.

Management's Perspective

Randy Altschuler, CEO of Xometry, highlighted the strong adoption of the company's supply chain solutions by enterprise customers, which contributed to the record quarter. CFO James Miln emphasized the improvement in marketplace gross margin and the significant year-over-year increase in Adjusted EBITDA, projecting 20% annual incremental Adjusted EBITDA margins as the company scales to $1 billion in revenue.

Future Outlook

For the fourth quarter of 2025, Xometry expects revenue to be in the range of $182-$184 million, representing 23-24% growth year-over-year. Adjusted EBITDA is projected to be between $6-$7 million. For the full year 2025, the company has raised its revenue guidance to $676-$678 million and its Adjusted EBITDA guidance to $16-$17 million.

Original SEC Filing: Xometry, Inc. [ XMTR ] - 8-K - Nov. 04, 2025