Xometry, Inc., the global AI-powered marketplace connecting buyers and suppliers of custom manufacturing, announced its financial results for the third quarter ended September 30, 2025.
“This was another record quarter for Xometry as enterprise customers rapidly adopt our supply chain solutions,” said Randy Altschuler, CEO at Xometry. “In Q3, we delivered 31% marketplace revenue growth year-over-year underscoring the strength of our platform and strategic global network.”
“In Q3, we delivered accelerated marketplace revenue growth and a robust marketplace gross margin which increased 210 basis points year-over-year to 35.7%,” said James Miln, Xometry’s CFO. “Our Adjusted EBITDA improved by $6.8 million year-over-year to $6.1 million. We expect to deliver 20% annual incremental Adjusted EBITDA margins as we scale to $1 billion in revenue.”
Third Quarter 2025 Financial Highlights
- Marketplace revenue for the third quarter of 2025 was $167 million, an increase of 31% year-over-year.
- Marketplace Active Buyers increased 21% from 64,851 as of September 30, 2024 to 78,282 as of September 30, 2025.
- Marketplace Accounts with Last Twelve-Months Spend of at least $50,000 increased 14% from 1,506 as of September 30, 2024 to 1,724 as of September 30, 2025.
- Supplier services revenue for the third quarter of 2025 was $14.1 million, a decrease of 4% year-over-year.
- Net loss attributable to common stockholders for the third quarter of 2025 was $11.6 million.
- Adjusted EBITDA for the third quarter of 2025 was $6.1 million, reflecting an improvement of $6.8 million year-over-year.
- Non-GAAP net income for the third quarter of 2025 was $6.2 million, as compared to a Non-GAAP net income of $1.1 million in the third quarter of 2024.
- Cash, cash equivalents and marketable securities were $225 million as of September 30, 2025.
Business highlights since Xometry’s last earnings announcement include:
- Xometry launched the new Workcenter mobile app. The Workcenter platform is Xometry’s proprietary all-in-one quote-to-cash solution enabling its partners to source and consolidate work, manage operations, monitor performance and secure cash flow. This powerful new app is designed to help suppliers within the Xometry partner network manage job offers, production workflows and shop performance – anytime, anywhere. Additionally, the new app provides for better communication flow to ensure partners are quickly informed of critical updates and job opportunities. The app also enables seamless data capture through photos, certifications, signatures, and status updates to improve accuracy and get information flowing quickly, delivering greater quality, transparency, and responsiveness to customers.
- Xometry launched auto-quotes for injection molding services in the U.S., following a launch earlier this year in Europe. Xometry’s new auto-quoting capability simplifies the injection molding manufacturing process in a seamless digital experience, to enable customers to move quickly from design to finished part. Xometry’s proprietary AI-powered platform manages the full lifecycle of injection molding needs from initial quoting to delivery to reordering. The platform enables a spectrum of injection molding options – from prototype and low-volume bridge tooling to high-volume, multi-cavity production tooling in over 35 different materials, colors and finishes.
- Thomas launched a new dynamic ad-serving technology platform. The new pay-for-performance platform enables advertisers to set budgets, better define their target audience, maximize ad effectiveness and improve return on investment (ROI) tracking.
- Xometry advanced its AI-powered Design for Manufacturing (DFM) capabilities, expanding its automated extraction engine that interprets technical drawings and CAD files. This enhancement improves the accuracy of quotes and supplier matching by automatically identifying key manufacturing attributes (such as materials, processes or tolerances) directly from the part's design.
- Xometry EU expanded its marketplace with new materials and faster lead times. Xometry EU added over two dozen new materials including new metals (bronze) and engineering plastics (acrylics). Additionally, the EU marketplace expanded its delivery options, offering express manufacturing options for CNC, sheet metal and 3D printing.
- Xometry EU launched its parts library. The library simplifies how customers manage and reuse part data across projects. It automatically gathers all 3D models and drawings from past quotes and orders, making it easier to reorder parts and reuse designs. Buyers can also view project history, see where each part was used, and download models and drawings directly from the library.
Financial Guidance and Outlook:
|
Q4 2025 |
FY 2025 |
|||||||||||||||
|
(in millions) |
(in millions) |
|||||||||||||||
|
Low |
High |
Low |
High |
|||||||||||||
|
Revenue |
$ |
182 |
$ |
184 |
$ |
676 |
$ |
678 |
||||||||
|
Adjusted EBITDA |
$ |
6 |
$ |
7 |
$ |
16 |
$ |
17 |
||||||||
- For Q4 2025, expect revenue of $182-$184 million, representing 23-24% growth year-over-year.
- For Q4 2025, expect Adjusted EBITDA of $6-$7 million, an improvement from an Adjusted EBITDA of $1.0 million in Q4 2024.
- For the full year 2025, we are raising our revenue guidance to $676-$678 million.
- For the full year 2025, we are raising our Adjusted EBITDA guidance to $16-$17 million.
Xometry’s fourth quarter 2025 and full year 2025 financial outlook is based on a number of assumptions that are subject to change and may be 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 (provision) 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 November 4, 2025. In addition to its press release announcing its third quarter 2025 financial results, Xometry will release an earnings presentation, which will be available on its investor website at investors.xometry.com.
Xometry, Inc. Third Quarter 2025 Earnings Presentation and Conference Call
- Tuesday, November 4, 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
