| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 180.72 | 11.2% | 27.5% |
| Total Income | 180.72 | 11.2% | 27.5% |
| Expenditure | 191.77 | 10.9% | 25.2% |
| PBT | -11.61 | 56.1% | 14.2% |
| Net Profit | -11.60 | 56.1% | 13.7% |
| OPM | -6.12% | 0.21pp | 1.98pp |
| NPM | -6.42% | 9.85pp | 0.78pp |
| EPS | — |
Xometry Reports Record Q3 2025 Revenue of $181 Million, Up 28% Y-o-Y
04 May 2026 · 4 May, 8:11 am
Summary
Xometry, Inc. reported a record third quarter in 2025, with revenue increasing 28% year-over-year to $181 million. Marketplace revenue grew 31% year-over-year, driven by enterprise growth and network expansion. The company's gross profit increased 29% to $72.0 million, with a marketplace gross margin of 35.7%. Adjusted EBITDA improved by $6.8 million to $6.1 million. The company expects to deliver 20% annual incremental Adjusted EBITDA margins as they scale to $1 billion in revenue.
Key Highlights
- 1
Xometry's Q3 revenue increased 28% year-over-year to a record $181 million, driven by robust marketplace growth.
- 2
Marketplace revenue for Q3 grew by 31% year-over-year, fueled by strong enterprise growth and expanded networks.
- 3
Gross profit for Q3 increased 29% year-over-year to a record $72.0 million, with a marketplace gross margin of 35.7%.
- 4
Adjusted EBITDA for Q3 improved by $6.8 million year-over-year, reaching $6.1 million due to expanding marketplace gross margin and operating expense leverage.
- 5
Marketplace revenue for the third quarter of 2025 was $167 million, a 31% increase year-over-year.
- 6
Active Buyers in the marketplace increased 21% to 78,282 as of September 30, 2025, compared to 64,851 in the prior year.
- 7
Non-GAAP net income for the third quarter of 2025 was $6.2 million, compared to $1.1 million in the third quarter of 2024.
Management Comments
Randy Altschuler
"This was another record quarter for Xometry as enterprise customers rapidly adopt our supply chain solutions." "In Q3, we delivered 31% marketplace revenue growth year-over-year underscoring the strength of our platform and strategic global network."
James Miln
"In Q3, we delivered accelerated marketplace revenue growth and a robust marketplace gross margin which increased 210 basis points year-over-year to 35.7%." "Our Adjusted EBITDA improved by $6.8 million year-over-year to $6.1 million. We expect to deliver 20% annual incremental Adjusted EBITDA margins as we scale to $1 billion in revenue."
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