Xometry Inc
NASDAQ:XMTR
Xometry Inc
Xometry Inc. is a testament to the modern age of manufacturing—a company deeply embedded at the intersection of technology and traditional industry. Founded in 2013, Xometry has reshaped the way small and medium-sized businesses navigate the complex world of custom manufacturing. At its core, Xometry operates as an on-demand manufacturing marketplace, where it deftly connects buyers with suppliers. Its platform intelligently employs AI-driven algorithms to match orders for custom parts with the most appropriate suppliers from a vast network that spans over 5,000 manufacturers. This network taps into various manufacturing processes such as CNC machining, 3D printing, injection molding, and sheet metal fabrication. By doing so, Xometry addresses one of the most significant pain points for businesses—finding reliable manufacturers who can produce parts to precise specifications within time constraints.
Xometry generates revenue primarily through transaction fees by facilitating orders between buyers and suppliers. It operates under a business model reminiscent of other successful marketplace endeavors, where it leverages its platform to streamline buying and selling processes, making them more transparent and efficient for all parties involved. Additionally, Xometry has expanded its revenue streams through ancillary services such as financing solutions for suppliers and offering value-added services like professional design assistance and engineering expertise. This robust approach not only makes Xometry a pivotal player in the manufacturing sector but also underscores its adaptability in meeting diverse client needs while simultaneously creating a more efficient and interconnected industrial landscape.
Xometry Inc. is a testament to the modern age of manufacturing—a company deeply embedded at the intersection of technology and traditional industry. Founded in 2013, Xometry has reshaped the way small and medium-sized businesses navigate the complex world of custom manufacturing. At its core, Xometry operates as an on-demand manufacturing marketplace, where it deftly connects buyers with suppliers. Its platform intelligently employs AI-driven algorithms to match orders for custom parts with the most appropriate suppliers from a vast network that spans over 5,000 manufacturers. This network taps into various manufacturing processes such as CNC machining, 3D printing, injection molding, and sheet metal fabrication. By doing so, Xometry addresses one of the most significant pain points for businesses—finding reliable manufacturers who can produce parts to precise specifications within time constraints.
Xometry generates revenue primarily through transaction fees by facilitating orders between buyers and suppliers. It operates under a business model reminiscent of other successful marketplace endeavors, where it leverages its platform to streamline buying and selling processes, making them more transparent and efficient for all parties involved. Additionally, Xometry has expanded its revenue streams through ancillary services such as financing solutions for suppliers and offering value-added services like professional design assistance and engineering expertise. This robust approach not only makes Xometry a pivotal player in the manufacturing sector but also underscores its adaptability in meeting diverse client needs while simultaneously creating a more efficient and interconnected industrial landscape.
Record Quarter: Xometry delivered record Q3 results with revenue up 28% year-over-year to $181 million, outpacing expectations and accelerating growth.
Marketplace Surge: Marketplace revenue climbed 31% year-over-year, fueled by strong growth in both buyers and suppliers, as well as deeper enterprise engagement.
Profitability Improvements: Gross profit rose 29% and adjusted EBITDA reached $6.1 million, swinging from a loss of $0.6 million in Q3 2024 and demonstrating improved operating leverage.
Margin Expansion: Marketplace gross margin increased by 210 basis points to 35.7%, with management confident margins will remain in the 35%–40% range.
Guidance Raised: Full-year 2025 revenue guidance increased to $676–678 million and adjusted EBITDA to $16–17 million, with outlook for 27–28% marketplace growth.
Growth Outlook: Management expects at least 20% total revenue growth in 2026, citing strong market share gains, enterprise traction, and international expansion.
AI & Product Innovation: AI-driven pricing and new products (like the Workcenter mobile app and auto-quoting for injection molding) are improving customer and supplier experience.
