Xometry Achieves Significant Revenue Growth in Q3 2025
Xometry, Inc. (NASDAQ: XMTR), a leading AI-powered marketplace for custom manufacturing, recently released its impressive Q3 results, highlighting record revenues and strong marketplace growth. The company experienced a remarkable 28% year-over-year increase in revenue, amounting to $181 million. This surge showcases the strength of Xometry's expansion efforts and its ability to cater to a growing customer base.
Marketplace Growth Drives Performance
The marketplace's revenue growth accelerated to an impressive 31% on a year-over-year basis, fueled by increased engagement from enterprise customers and an expanding network of both buyers and suppliers. The growth in the marketplace platform underscores the increased demand for Xometry's services, which are tailored to connect manufacturers with custom manufacturing solutions.
Financial Highlights from Q3 2025
Xometry's Q3 performance was bolstered by several key financial achievements:
- The gross profit reached $72.0 million, representing a 29% increase year-over-year.
- Adjusted EBITDA improved significantly, growing by $6.8 million year-over-year, achieving an Adjusted EBITDA of $6.1 million.
- The marketplace gross margin stood at a record high of 35.7%, reflecting effective cost management strategies and operational efficiency.
Strategic Focus and Innovations
The success of Xometry's quarterly results is attributed to its consistent execution of strategic initiatives, which include:
- Expanding its network of buyers and suppliers.
- Deepening enterprise engagement to enhance customer loyalty.
- International growth efforts to tap into new markets.
- Continuous improvement of supplier services to enhance customer experience and satisfaction.
New Product Expansions
Among Xometry’s notable innovations is the launch of the new Workcenter mobile app, designed to streamline job management for suppliers within its network. This app fosters improved communication, ensuring that partners receive timely updates about critical opportunities, enhancing operational efficiency.
Additionally, Xometry unveiled its auto-quoting capabilities for injection molding services, which were previously launched in Europe and have now been integrated into its U.S. offerings. This innovative feature simplifies the manufacturing process, enabling customers to transition seamlessly from design to production.
Financial Guidance and Outlook
Looking forward, Xometry expects continued growth. For Q4 2025, the company anticipates revenue between $182 million and $184 million, projecting an annual growth rate of 23% to 24%. Additionally, Xometry is raising its full-year revenue guidance for 2025 to a range of $676 million to $678 million, alongside an Adjusted EBITDA forecast of $16 million to $17 million.
Investor Contact Information
Xometry's commitment to transparent communication with investors is reflected in their financial guidance and outlook, and they encourage inquiries from stakeholders. For further details, investors can reach out to:
Shawn Milne
VP Investor Relations
Phone: 240-335-8132
Email: shawn.milne@xometry.com
Frequently Asked Questions
What were Xometry's total revenues in Q3 2025?
Xometry reported total revenues of $181 million in Q3 2025, a 28% increase year-over-year.
How did Xometry's marketplace revenue perform in Q3 2025?
The marketplace revenue grew by 31% year-over-year, showcasing strong growth driven by enterprise customers.
What is Xometry's forecast for Q4 2025?
Xometry expects Q4 2025 revenue to range between $182 million and $184 million, signifying robust growth.
What new features did Xometry introduce recently?
Xometry launched the Workcenter mobile app and auto-quoting capabilities for injection molding services, enhancing their platform's functionality.
Who can investors contact for more information about Xometry?
Investors can contact Shawn Milne, VP of Investor Relations, at 240-335-8132 or via email at shawn.milne@xometry.com.
