Industry Summary Articles

Xometry, Inc., the global AI-powered marketplace digitizing manufacturing and driving greater supply chain resiliency, announced financial results for the first quarter ended March 31, 2025.

“Our AI powered marketplace continues to gain significant share, deliver record revenue and strong enterprise growth,” said Randy Altschuler, Xometry’s CEO. “Customers are increasingly turning to Xometry to procure manufacturing as our marketplace was purpose-built to provide sourcing options domestically and in 50 countries across the world.”

“In Q1, we delivered strong marketplace revenue growth and positive Adjusted EBITDA,” said James Miln, Xometry’s CFO. “As our marketplace continues to grow, it drives increasing operating leverage demonstrated by our $7.5 million year-over-year improvement in Adjusted EBITDA.”

First Quarter 2025 Financial Highlights

• Marketplace revenue for the first quarter of 2025 was $136 million, an increase of 27% year-over-year.
• Marketplace Active Buyers increased 22% from 58,504 as of March 31, 2024 to 71,454 as of March 31, 2025.
• Marketplace Accounts with Last Twelve-Months Spend of at least $50,000 increased 12% from 1,381 as of March 31, 2024 to 1,545 as of March 31, 2025.
• Supplier services revenue for the first quarter of 2025 was $14.6 million, a decrease of 6% year-over-year.
• Net loss attributable to common stockholders for the first quarter of 2025 was $15.1 million, a decrease of $1.5 million year-over-year. Net loss for the first quarter of 2025 included $7.3 million of stock-based compensation, $1.5 million of payroll tax expense related to stock-based compensation, $4.2 million of depreciation and amortization expense and $1.5 million in restructuring charges.
• Adjusted EBITDA for the first quarter of 2025 was a profit of $0.1 million, reflecting an improvement of $7.5 million year-over-year.
• Non-GAAP net income for the first quarter of 2025 was $0.8 million, as compared to a Non-GAAP net loss of $5.7 million in the first quarter of 2024.
• Cash, cash equivalents and marketable securities were $231 million as of March 31, 2025.

First Quarter 2025 Business Highlights

• Xometry EU launched Instant Quoting for Injection Molding, making it easier for customers to source high quality parts across dozens of materials and finishes.
• Achieved Cybersecurity Maturity Model Certification (CMMC Level 2), for adherence to cybersecurity and information security standards for the aerospace and defense industries. CMMC Level 2 certification demonstrates Xometry’s industry leadership, and reinforces our position as a trusted partner for domestic aerospace companies, defense agencies, and other organizations.
• Launched Partner Success Score (PSS) 3.0, enhancing our sourcing algorithm by integrating comprehensive performance data, enabling automated job access controls and driving greater supplier engagement.
• Significantly improved Workcenter’s speed and usability. Key updates include streamlined navigation and enhanced job board experience, leading to a smoother workflow for our suppliers.

Financial Guidance and Outlook:

• For Q2 2025, expect revenue of $155-$157 million, representing 17-18% growth year-over-year.
• For Q2 2025, expect Adjusted EBITDA of approximately $1.0-2.0 million, an improvement from an Adjusted EBITDA loss of $2.6 million in Q2 2024.
• For the full year 2025, we are raising our marketplace growth outlook from our previous guidance of at least 20% to at least 22% growth and expect supplier services revenue to be down approximately 5% year-over-year.
• For FY 2025, expect to be Adjusted EBITDA positive for the full year.

Xometry’s second quarter 2025 and full year 2025 financial outlook is based on a number of assumptions that are subject to change and many of which are outside of its control. If actual results vary from these assumptions, Xometry’s expectations may change. There can be no assurance that Xometry will achieve these results.

Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss, the most directly comparable GAAP measure, is not available without unreasonable efforts due to the high variability and complexity and low visibility with respect to certain charges excluded from this non-GAAP measure, including interest and dividend income, benefit for income taxes, charitable contributions of common stock and impairment of assets. Xometry expects the variability of these items could have a significant, and potentially unpredictable, impact on its future GAAP financial results.

Conference Call and Webcast Information
The Company will host a conference call and webcast to discuss the results at 8:30 a.m. ET (5:30 a.m. PT) on May 6, 2025. In addition to its press release announcing its first quarter 2025 financial results, Xometry will release an earnings presentation, which will be available on its investor website at investors.xometry.com.

Xometry, Inc. First Quarter 2025 Earnings Presentation and Conference Call

• Tuesday, May 6, 2025
• 8:30 a.m. Eastern / 5:30 a.m. Pacific
• To access the webcast use the following link: https://register-conf.media-server.com/register
• You may also visit the Xometry Investor Relations Homepage at investors.xometry.com to listen to a live webcast of the call

To view the original press release, please click here.

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