Xometry, Inc.
- Open
- 94.19
- Day high
- 102.00
- Day low
- 91.79
- Prev close
- 96.42
- Volume
- 1.3M
- Mkt cap
- $5.2B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 18.4
- P/S
- 7.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$3.0M over the last 3 months (1 open-market buy, 50 sales)
- 🏛Institutions mixed (13F)
Xometry, Inc. (XMTR) is a Industrials company listed on NASDAQ. The stock is up 181% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 50 sales (SEC Form 4).
Xometry, Inc. (XMTR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
XMTR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.07 | $0.12 | +71.4% | $205M | +8.8% |
| Feb 24, 2026 | $0.12 | $0.16 | +33.3% | $192M | +2.1% |
| Nov 4, 2025 | $0.11 | $0.11 | +0.0% | $181M | -1.4% |
| Aug 8, 2024 | $-0.14 | $-0.01 | +92.9% | $133M | -3.3% |
| May 9, 2024 | $-0.15 | $-0.12 | +20.0% | $123M | +2.4% |
| Feb 29, 2024 | $-0.01 | $-0.01 | -6.3% | $128M | +0.1% |
| Nov 9, 2023 | $-0.14 | $-0.05 | +64.3% | $119M | -7.1% |
| Mar 1, 2023 | $-0.21 | $-0.29 | -38.1% | $98M | -2.7% |
| Nov 10, 2022 | $-0.34 | $-0.32 | +5.9% | $104M | +0.2% |
| Aug 10, 2022 | $-0.33 | $-0.18 | +45.5% | $96M | +2.7% |
| Mar 17, 2022 | $-0.34 | $-0.40 | -17.6% | $67M | +4.6% |
| Nov 10, 2021 | $-0.31 | $-0.33 | -6.5% | $57M | +6.9% |
XMTR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 6, 2026 | Altschuler Randolphdirector | Sell | 365 | $94.40 |
| Jul 6, 2026 | Miln Jamesofficer: Chief Financial Officer | Sell | 212 | $98.51 |
| Jul 6, 2026 | Miln Jamesofficer: Chief Financial Officer | Sell | 532 | $90.76 |
| Jul 6, 2026 | Miln Jamesofficer: Chief Financial Officer | Sell | 309 | $96.08 |
| Jul 6, 2026 | Sahni Sanjeev Singhdirector, officer: Chief Executive Officer | Grant | 40,506 | — |
| Jul 6, 2026 | Miln Jamesofficer: Chief Financial Officer | Sell | 539 | $92.00 |
| Jul 6, 2026 | Miln Jamesofficer: Chief Financial Officer | Sell | 405 | $96.02 |
| Jul 6, 2026 | Miln Jamesofficer: Chief Financial Officer | Sell | 883 | $97.19 |
| Jul 6, 2026 | Altschuler Randolphdirector | Sell | 1,370 | $93.28 |
| Jul 6, 2026 | Miln Jamesofficer: Chief Financial Officer | Sell | 238 | $97.34 |
| Jul 6, 2026 | Dutt Subirofficer: Chief Sales Officer | Sell | 199 | $96.35 |
| Jul 6, 2026 | Raghavan Vaidyanathanofficer: Chief Technology Officer | Sell | 425 | $92.15 |
| Jul 6, 2026 | Raghavan Vaidyanathanofficer: Chief Technology Officer | Sell | 326 | $96.31 |
| Jul 6, 2026 | Miln Jamesofficer: Chief Financial Officer | Sell | 548 | $93.17 |
| Jul 6, 2026 | Dutt Subirofficer: Chief Sales Officer | Sell | 100 | $94.83 |
Source: XMTR SEC Form 4 filings, latest Jul 6, 2026. For informational purposes only — not investment advice.
See the full XMTR insider & 13F page →Xometry, Inc. company profile
Overview
Xometry, Inc. (NASDAQ:XMTR) is a technology-enabled manufacturing marketplace that connects buyers seeking custom-manufactured parts with a network of suppliers capable of producing them. Founded in 2013 and originally known as NextLine Manufacturing Corp, the company changed its name to Xometry in 2015 and went public in June 2021. Headquartered in Derwood, Maryland, Xometry has evolved from a domestic manufacturing broker into a global digital marketplace that leverages artificial intelligence to streamline the custom manufacturing process across multiple countries and manufacturing disciplines.
Business
Xometry operates as a two-sided digital marketplace that revolutionizes how custom manufacturing is sourced and delivered. The company's core business revolves around connecting buyers who need custom-manufactured parts with a distributed network of manufacturing suppliers who can produce those parts. The company's primary offering is its AI-powered marketplace platform that enables instant quoting and sourcing for a wide range of manufacturing services. When a buyer uploads a design file (such as a CAD drawing), Xometry's artificial intelligence algorithms automatically analyze the part specifications and generate instant quotes from its network of over 4,200 active suppliers across 51 countries. This process, which traditionally took days or weeks of manual back-and-forth communication, can now be completed in minutes. Xometry's marketplace covers numerous manufacturing processes including CNC machining (computer-controlled cutting and shaping of materials), 3D printing, injection molding (creating plastic parts by injecting molten material into molds), sheet metal fabrication, casting, and various finishing services. The platform serves diverse industries including aerospace and defense, automotive, medical devices, consumer products, and industrial equipment. The company operates two main business segments. The Marketplace segment generates approximately 91% of total revenue and includes the core platform connecting buyers and suppliers. The Supplier Services segment accounts for roughly 9% of revenue and includes the Thomas Network, an industrial sourcing platform that provides advertising and lead generation services to manufacturers, along with software tools like Workcenter that help suppliers manage their operations. Xometry also offers enterprise-focused solutions including Teamspace, a collaboration platform that allows large organizations to manage their manufacturing procurement processes, and various ERP (Enterprise Resource Planning) integrations that connect directly with customers' existing business systems.
Revenue model
Xometry generates revenue through multiple streams within its two-sided marketplace model. The primary revenue driver is transaction-based fees collected when buyers purchase manufactured parts through the platform. Xometry typically takes a percentage of each transaction value, earning money on the spread between what buyers pay and what suppliers receive. This model aligns Xometry's interests with successful transactions and growing transaction volumes. The company's paying customers include both buyers and suppliers. On the buyer side, customers range from individual engineers and startups to large enterprise accounts spending over $50,000 annually (currently 1,545 such accounts). These buyers pay for manufactured parts and assemblies. On the supplier side, manufacturers pay for various services including advertising on the Thomas Network platform, software subscriptions for tools like Workcenter, and access to premium marketplace features. The Supplier Services segment generates revenue through advertising fees from manufacturers who want to promote their capabilities on the Thomas Network, subscription fees for software tools, and lead generation services. This creates a recurring revenue component that complements the transaction-based marketplace revenue. Several factors influence Xometry's margins and profitability. Positive margin drivers include the company's expanding supplier network, which increases competition and improves pricing efficiency; AI algorithm improvements that better match buyers with optimal suppliers; international expansion that provides access to lower-cost manufacturing regions; and growing enterprise customer relationships that typically involve larger, more profitable transactions. Margin pressures come from intense competition in manufacturing sourcing, economic downturns that reduce manufacturing demand, supply chain disruptions that affect supplier reliability, currency fluctuations in international operations, and the need for continued technology investments to maintain competitive advantages. Additionally, as the platform scales, Xometry faces the challenge of maintaining quality control across an expanding global supplier network while keeping transaction costs manageable.
Competitive moat
Xometry's competitive moat is moderately strong but not insurmountable, built primarily on network effects, technological capabilities, and operational scale, though it faces significant competitive threats. The company's primary moat stems from network effects within its two-sided marketplace. As more suppliers join the platform, buyers benefit from increased capacity, competitive pricing, and faster turnaround times. Conversely, as more buyers use the platform, suppliers gain access to more potential customers and steadier work flow. This creates a virtuous cycle that becomes stronger as the network grows, with Xometry currently connecting over 71,000 buyers with 4,200+ suppliers across 51 countries. Xometry's AI-powered instant quoting technology represents another significant competitive advantage. The company has invested heavily in machine learning algorithms that can automatically analyze part designs and generate accurate quotes within minutes, a process that traditionally required manual review and could take days. This technology barrier requires substantial data, engineering expertise, and continuous refinement that would be difficult for new entrants to replicate quickly. The company's operational scale and supplier relationships create additional barriers to entry. Building a vetted network of reliable manufacturers across multiple countries and manufacturing processes requires significant time, capital, and expertise. Xometry's established relationships and quality control systems provide advantages that new competitors would struggle to match immediately. However, Xometry's moat faces several vulnerabilities. Large technology companies like Amazon (which operates Amazon Manufacturing) or established industrial players could leverage their existing relationships and resources to compete directly. Traditional manufacturing brokers are increasingly digitizing their operations, potentially eroding Xometry's technological advantages. Additionally, direct relationships between large buyers and suppliers could bypass marketplace platforms entirely, especially for high-volume, recurring orders. The manufacturing industry's fragmented nature means that regional competitors with strong local relationships could challenge Xometry's position in specific markets. Furthermore, the company's reliance on third-party suppliers means it doesn't control the actual manufacturing process, limiting its ability to differentiate on quality or delivery beyond its matching and coordination capabilities.
Risks & safety
Xometry presents a moderate margin of safety with manageable near-term financial risks but ongoing profitability challenges. Liquidity and Solvency: - Cash position of $15.5 million as of Q1 2025, down from $22.2 million in Q4 2024 - Strong current ratio of 3.74, indicating solid short-term liquidity coverage - Debt-to-equity ratio of 0.95, representing moderate leverage levels - Negative free cash flow of -$9.2 million in Q1 2025, though improving from -$13.5 million in Q2 2024 Profitability Metrics: - Recently achieved positive adjusted EBITDA of $0.1 million in Q1 2025 - Revenue growing at 23% year-over-year with marketplace segment showing 27% growth - Marketplace gross margins expanding to 34.5%, up 320 basis points year-over-year - Net losses continue at -$15.1 million quarterly, though narrowing from previous periods Valuation Considerations: - Price-to-book ratio of 4.05 suggests premium valuation relative to book value - Negative EV/EBITDA due to minimal positive EBITDA generation - Stock trading at $30.61 with market cap of approximately $1.8 billion Other Factors: - Strong balance sheet with total assets of $690 million and manageable current liabilities - Path to profitability appears achievable given recent positive adjusted EBITDA and margin expansion trends - International expansion and enterprise customer growth provide multiple avenues for revenue acceleration
Recent development
Over the past few years, Xometry has executed several strategic initiatives to transform from a domestic manufacturing broker into a global AI-powered marketplace platform. International Expansion has been a major focus, with the company expanding its marketplace to 51 countries and launching localized platforms in 16 different languages. International revenue has shown robust growth, reaching 55% year-over-year growth in Q3 2024 and approaching a $100 million annual run rate. The company has particularly focused on European markets and is building presence in Asia-Pacific regions, with a long-term goal of achieving 30-40% international revenue contribution. AI and Technology Development represents the company's core competitive investment. Xometry has partnered with Google Cloud to leverage Vertex AI for instant quoting capabilities and continues expanding the range of manufacturing processes that can be automatically quoted. Recent launches include instant quoting for injection molding in EU, UK, and Turkey, as well as laser tube cutting and tube bending. The company is developing multimodal AI capabilities that can better understand complex part requirements and improve supplier matching. Enterprise Customer Strategy has evolved significantly, with Xometry developing specialized tools like Teamspace (now used by 3,300 teams) for collaboration and ERP integrations that connect directly with customers' existing business systems. The company has focused particularly on accounts with potential annual spend of $10 million or more, while growing its base of customers spending over $50,000 annually to 1,545 accounts. Supplier Services Enhancement has involved modernizing the Thomas Network advertising platform and developing new software tools like Workcenter to help suppliers manage their operations more effectively. While this segment has seen revenue decline, the company is focusing on improving self-serve advertising capabilities and financial services for suppliers. Marketplace Menu Expansion continues with the addition of new manufacturing processes, materials, and finishing options. The company has systematically expanded from its original CNC machining focus to include 3D printing, injection molding, sheet metal fabrication, casting, and various specialized processes, creating a more comprehensive manufacturing solution for buyers.
XMTR company profile · for informational purposes only — not investment advice.
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