Detailed performance report for XOMETRY covering Q3 2025. Gain clarity on earnings, revenue trends, and AI-enhanced strategic analysis.
Summary of Financial Performance: Xometry reported a strong Q3 2025 with revenue increasing 28% year-over-year to $181 million. Marketplace revenue grew by 31% to $167 million, while supplier services revenue was $14.1 million. Gross profit reached $72 million, with a gross margin of 39.9%. The marketplace gross margin improved by 210 basis points to 35.7%. Adjusted EBITDA was $6.1 million, showing significant improvement from a loss of $0.6 million in Q3 2024. Cash and cash equivalents stood at $225 million.
Company Outlook & Strategy: The company raised its full-year revenue outlook to $676-$678 million and expects marketplace growth of 27-28%. For Q4, revenue is projected to be between $182-$184 million, with a marketplace growth of 25-27%. Xometry anticipates at least 20% total revenue growth in 2026, focusing on expanding wallet share with strategic accounts and further international expansion.
Key Industry Trends: Xometry is capitalizing on the fragmentation in the custom manufacturing market and the ongoing digital transformation. Despite a manufacturing contraction, Xometry has achieved significant market share gains. The company leverages AI and technology to enhance its marketplace dynamics.
Operational Highlights: Xometry launched auto-quoting for injection molding services in the U.S., expanded its AI-powered design capabilities, and launched a new Workcenter mobile app to enhance supplier engagement. These initiatives are aimed at improving supply chain resilience and expanding global networks.
Challenges & Risks: The company acknowledged the uncertain macroeconomic environment but did not assume any improvement for the next year. Supplier services revenue is expected to decrease as the company transitions its Thomas Ad serving platform.
Key Analyst Questions & Responses: Analysts inquired about the assumptions underlying the projected 20% growth for 2026. Executives emphasized strong marketplace growth, active buyer increase, and technological improvements as key drivers. They indicated no assumptions of macroeconomic improvement were made for the projection.
Access the official earnings call transcript for XOMETRY 2025 Q3. It provides valuable insights into management commentary, performance drivers, and forward-looking guidance directly from the company.