| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 205.14 | 35.9% |
| Total Income | 205.14 | 35.9% |
| Expenditure | 210.36 | 26.4% |
| PBT | -5.01 | 66.8% |
| Net Profit | -5.27 | 65.0% |
| OPM | -2.54% | 7.65pp |
| NPM | -2.57% | 7.42pp |
| EPS | — |
Xometry Reports Record Q1 2026 Revenue of $205 Million, Up 36% Y-o-Y
07 May 2026 · 7 May, 4:42 pm
Summary
Xometry, Inc. reported its financial results for the first quarter ended March 31, 2026. Total revenue for the first quarter of 2026 was $205 million, an increase of 36% year-over-year. Marketplace revenue increased 40% year-over-year. Adjusted EBITDA for the first quarter of 2026 was $10.5 million, reflecting an improvement of $10.4 million year-over-year. The company expects to continue to deliver 20% annual incremental Adjusted EBITDA margins as they rapidly scale to $1 billion in revenue.
Key Highlights
- 1
Xometry's Q1 revenue increased 36% year-over-year to a record $205 million, driven by robust marketplace growth.
- 2
Marketplace revenue in Q1 grew by 40% year-over-year, fueled by expanding networks of buyers and suppliers.
- 3
The company's Q1 gross profit increased 39% year-over-year to a record $78.5 million, driven by strong marketplace growth and marketplace gross margin expansion.
- 4
Adjusted EBITDA for Q1 improved by $10.4 million year-over-year, reaching $10.5 million.
- 5
Marketplace Active Buyers increased 20% from 71,454 as of March 31, 2025 to 85,581 as of March 31, 2026.
- 6
Xometry announced a new strategic partnership with Siemens, with Siemens purchasing approximately $50 million of Xometry Class A common stock.
Management Comments
Randy Altschuler
“In the first quarter, we delivered 36% revenue growth year-over-year, underscoring the strength of our marketplace innovation and expanding global network. This quarter marks a significant acceleration of marketplace growth, driven by increasing wallet share and rapid adoption of our supply chain solutions.”
James Miln
“We delivered robust marketplace gross profit growth in Q1, which increased 53% year-over-year. Our Adjusted EBITDA improved by $10.4 million year-over-year to $10.5 million, reflecting the strong leverage in our marketplace model. We expect to continue to deliver 20% annual incremental Adjusted EBITDA margins as we rapidly scale to $1 billion in revenue.”
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