XMTR · Xometry, Inc.

Xometry delivered a strong first quarter in 2026, with total revenue reaching a record $205 million, a 36% increase year-over-year. The growth was driven by the marketplace segment, which accelerated to 40% revenue growth, reaching $191 million. Marketplace gross profit grew 53% to $66.4 million, with gross margin expanding 290 basis points to 34.7%, reflecting improved pricing and operational efficiencies. Services revenue declined 5% to $13.8 million, with gross margin contracting to 87.1%. On a GAAP basis, net loss improved significantly to $5.3 million from $15.1 million in the prior year, while Adjusted EBITDA turned positive at $10.5 million, a $10.4 million improvement. Non-GAAP net income was $6.9 million, or $0.12 per diluted share, compared to a loss of $2.5 million in Q1 2025. Management highlighted strong execution across growth initiatives, including expanding buyer and supplier networks, deeper enterprise engagement, and international expansion. The company also announced a strategic partnership with Siemens, which includes a $50 million equity investment and integration of Xometry's AI capabilities into Siemens Xcelerator. For Q2 2026, Xometry guided revenue of $214-$216 million (32-33% YoY growth) and Adjusted EBITDA of $11-$12 million. For the full year, the company raised its revenue growth outlook to 27-28% (from at least 21%), driven by approximately 30% marketplace growth, and expects incremental Adjusted EBITDA margins of at least 20%. The balance sheet remains strong with $224 million in cash and marketable securities.