Xometry's First Quarter 2025 Report Shows Promising Growth
Xometry Reports Significant Growth in First Quarter 2025
Xometry, Inc. (NASDAQ: XMTR), the innovative platform transforming the manufacturing landscape, has announced its financial results for the first quarter, concluding March 31, 2025. The company showcases remarkable achievements in revenue and profitability, reflecting its robust expansion strategy.
Record Revenue Growth
In the first quarter of 2025, Xometry experienced a revenue surge, achieving a record $151 million, marking a 23% increase year-over-year. This growth has been primarily propelled by the dynamic expansion of its marketplace, particularly within the U.S. enterprise sector.
Marketplace Revenue and Performance Metrics
The marketplace revenue hit $136 million in Q1 2025, demonstrating a 27% increase compared to the previous year. Notably, the number of active buyers surged by an impressive 22%, rising from 58,504 in Q1 2024 to 71,454 in Q1 2025. Additionally, accounts spending over $50,000 increased by 12%, indicating heightened engagement and business from significant clients.
Profit Margins and EBITDA Improvements
Xometry's gross profit climbed by 18% year-over-year, totaling $56.3 million. Furthermore, the marketplace's gross profit saw a 26% increase, affirming an enhanced operational efficiency. Adjusted EBITDA transitioned positively to $0.1 million, a substantial improvement of $7.5 million year-over-year.
Cash Position and Future Outlook
As of the end of March 2025, Xometry maintained a solid cash position with $231 million in cash, cash equivalents, and marketable securities. This financial strength equips the company to pursue various growth initiatives outlined for 2025, which include expanding buyer and supplier networks, increasing enterprise engagement, and enhancing its marketplace platform further.
Strategic Initiatives and Innovations
Xometry continues to innovate with several strategic initiatives aimed at solidifying its market leadership. Among these achievements are the launch of Instant Quoting for Injection Molding and the attainment of Cybersecurity Maturity Model Certification (CMMC Level 2). These advancements underline the firm’s commitment to providing value to clients in sectors requiring high-quality parts and strict adherence to security standards.
Future Projections
For the second quarter of 2025, Xometry anticipates revenues between $155 million and $157 million, representing a growth trajectory of 17-18% year-over-year. Additionally, an Adjusted EBITDA of $1.0 to 2.0 million is expected, showcasing ongoing operational improvements.
Summary of Financial Results
Xometry's Q1 financial results reiterate its growth trajectory in the manufacturing marketplace. The figures highlight not only the company's strong performance but also its strategic positioning to capitalize on future market opportunities. As Xometry pursues enhancing its services and expanding its global reach, the latest performance indicators are promising for its stakeholders and investors alike.
Frequently Asked Questions
What were Xometry's total revenues for Q1 2025?
Xometry reported total revenues of $151 million for the first quarter of 2025, a 23% increase from the previous year.
How did marketplace revenue change year-over-year?
The marketplace revenue increased by 27% year-over-year, totaling $136 million in Q1 2025.
What improvements occurred in Xometry's Adjusted EBITDA?
Xometry's Adjusted EBITDA improved to $0.1 million in Q1 2025, marking a significant increase of $7.5 million compared to Q1 2024.
What strategic initiatives is Xometry focusing on in 2025?
Xometry aims to expand both buyer and supplier networks, enhance marketplace engagement, and grow internationally.
What is Xometry's outlook for Q2 2025?
Xometry expects revenues between $155 million and $157 million for Q2 2025, reflecting a growth of 17-18% year-over-year.
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