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Xometry, Inc. operates an artificial intelligence (AI) powered online manufacturing marketplace in the United States and internationally. The company's marketplace uses AI to assist buyers to source custom-manufactured parts and assemblies and attain instant pricing and lead times. It operates Xometry marketplace, an AI powered online marketplace that connects buyers with suppliers of manufacturing services; Xometry instant quoting engine, which prices transactions based on volume, manufacturing process, material, and location; and Thomasnet, an industrial sourcing platform that features an online directory of industrial suppliers, products, and services, as well as digital marketing services and insights to manufacturers and industrial services providers. The company also provides cloud-based systems, such as Workcenter, a financial service product that facilitates payments and a cloud-based manufacturing execution system; and Teamspace, a cloud-based solution within the Xometry platform that enables customers to collaborate with other users on projects and custom part orders. In addition, it offers computer numerical control (ΒCNCΒ) machining, injection molding, 3D printing, sheet forming and cutting, die casting, urethane casting, tube cutting, and tube bending, as well as finishing, rapid prototyping, and production services. It serves the aerospace, industrial, medical devices, automotive, consumer goods, defense, government, energy, education, and robotics industries. The company was formerly known as NextLine Manufacturing Corp. and changed its name to Xometry, Inc. in June 2015. Xometry, Inc. was incorporated in 2013 and is headquartered in North Bethesda, Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $687M | $-38M | $-62M | $-24M | -22.4% | 25.9% | 22.5% |
| 2024 | $546M | $-33M | $-50M | $-33M | -16.0% | 17.7% | -25.3% |
| 2023 | $463M | $-52M | $-67M | $-48M | -20.5% | 21.7% | -14.7% |
| 2022 | $381M | $-67M | $-79M | $-76M | -21.3% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 380.92 | 463.41 | 545.53 | 686.63 |
| Operating Revenue | - | 380.92 | 463.41 | 545.53 | 686.63 |
| Cost Of Revenue | - | 234.93 | 285.15 | 329.90 | 417.86 |
| Gross Profit | - | 145.99 | 178.26 | 215.62 | 268.77 |
| Operating Expense | - | 222.26 | 251.44 | 271.69 | 314.24 |
| Research And Development | - | 31.01 | 34.46 | 39.32 | 46.79 |
| Selling General And Administration | - | 142.62 | 163.68 | 172.79 | 194.16 |
| Total Expenses | - | 457.19 | 536.58 | 601.60 | 732.10 |
| Operating Income | - | -76.27 | -73.18 | -56.07 | -45.47 |
| Total Operating Income As Reported | - | -77.09 | -73.58 | -56.15 | -45.52 |
| EBITDA | - | -66.77 | -52.30 | -32.66 | -37.50 |
| Normalized EBITDA | - | -65.95 | -51.90 | -32.58 | -37.45 |
| EBIT | - | -74.59 | -63.03 | -45.67 | -56.25 |
| Interest Income | - | 4.12 | 11.61 | 10.78 | 8.57 |
| Interest Expense | - | 4.42 | 4.78 | 4.75 | 4.91 |
| Net Interest Income | - | -0.30 | 6.82 | 6.03 | 3.66 |
| Other Non Operating Income Expenses | - | -2.18 | -1.51 | -0.76 | -19.71 |
| Other Income Expense | - | -2.44 | -1.46 | -0.39 | -19.35 |
| Interest Income Non Operating | - | 4.12 | 11.61 | 10.78 | 8.57 |
| Interest Expense Non Operating | - | 4.42 | 4.78 | 4.75 | 4.91 |
| Net Non Operating Interest Income Expense | - | -0.30 | 6.82 | 6.03 | 3.66 |
| Pretax Income | - | -79.01 | -67.82 | -50.42 | -61.16 |
| Tax Provision | - | 0.04 | -0.35 | -0.02 | 0.59 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.17 | 0 | 0 | -0.01 |
| Net Income Continuous Operations | - | -79.04 | -67.46 | -50.40 | -61.75 |
| Net Income From Continuing And Discontinued Operation | - | -79.06 | -67.47 | -50.40 | -61.74 |
| Net Income From Continuing Operation Net Minority Interest | - | -79.06 | -67.47 | -50.40 | -61.74 |
| Net Income | - | -79.06 | -67.47 | -50.40 | -61.74 |
| Net Income Common Stockholders | - | -79.06 | -67.47 | -50.40 | -61.74 |
| Net Income Including Noncontrolling Interests | - | -79.04 | -67.46 | -50.40 | -61.75 |
| Normalized Income | - | -78.41 | -67.08 | -50.32 | -61.70 |
| Diluted NI Availto Com Stockholders | - | -79.06 | -67.47 | -50.40 | -61.74 |
| Basic Average Shares | - | 47.16 | 47.91 | 49.08 | 50.81 |
| Diluted Average Shares | - | 47.16 | 47.91 | 49.08 | 50.81 |
| Reconciled Depreciation | - | 7.82 | 10.74 | 13.01 | 18.75 |
| Reconciled Cost Of Revenue | - | 234.93 | 275.50 | 317.64 | 400.16 |
| Total Unusual Items | - | -0.82 | -0.40 | -0.08 | -0.05 |
| Total Unusual Items Excluding Goodwill | - | -0.82 | -0.40 | -0.08 | -0.05 |
| Minority Interests | - | -0.02 | -0.01 | 0 | 0 |
| Special Income Charges | - | -0.82 | -0.40 | -0.08 | -0.05 |
| Write Off | - | 0.82 | 0.40 | 0.08 | 0.05 |
| Impairment Of Capital Assets | 0 | - | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | - | 1.10 | 0.74 | 1.06 |
| Depreciation And Amortization In Income Statement | - | - | 1.10 | 0.74 | 1.06 |
| General And Administrative Expense | - | 58.25 | 70.04 | 64.46 | 71.51 |
| Other Gand A | - | 58.25 | 70.04 | 64.46 | 71.51 |
| Other Operating Expenses | - | 48.63 | 52.20 | 58.84 | 72.23 |
| Selling And Marketing Expense | - | 84.37 | 93.64 | 108.33 | 122.65 |
| Earnings From Equity Interest | - | 0.57 | 0.45 | 0.45 | 0.40 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Xometry, Inc.this co. | XMTR | $4.6B | -74.00 | 16.58 | -22.4% | -130.48 |
| Plug Power Inc. | PLUG | $5.0B | -3.08 | 5.13 | -166.8% | -3.57 |
| Archer Aviation Inc. | ACHR | $4.9B | -7.87 | 2.21 | -28.1% | -5.59 |
| Herc Holdings Inc. | HRI | $4.7B | 4690.39 | 2.41 | 0.1% | 9.57 |
| BETA Technologies, Inc. | BETA | $4.3B | -5.82 | 2.39 |
| - |
| - |
| - |
| - |
| -41.0% |
| -3.99 |
| Redwire Corporation | RDW | $4.3B | -18.82 | 4.02 | -21.4% | -23.94 |
| The Brink's Company | BCO | $4.2B | 20.82 | 14.97 | 71.9% | 7.92 |
| NuScale Power Corporation | SMR | $4.2B | -11.67 | 3.55 | -30.4% | - |
| York Space Systems, Inc. | YSS | $3.8B | -45.52 | 4.43 | -9.7% | -211.18 |
| Peer Median | - | -6.84 | 3.79 | -24.7% | -3.99 | |