Xometry Q2 Revenue Surges 41% to $229M, Adjusted EBITDA Jumps 380 bps
XMTR has more than doubled off its 52-week low of $30.63.
Summary
Xometry delivered a blowout Q2, with revenue accelerating to $229M — up 41% YoY and the fourth straight quarter of faster growth. Marketplace revenue, the core engine, surged 45% to $215M, driven by a 20% jump in active buyers and a 23% increase in high-value accounts spending over $50K annually. Profitability improved dramatically: adjusted EBITDA hit $14.1M, a 6.2% margin that's 380 basis points better than last year, and the company swung to a non-GAAP net income of $9.9M. The balance sheet is now fortress-like at $517M in cash after the June equity raise, funding organic growth and tuck-in M&A. New AI-driven sourcing and pricing models are deepening the competitive moat, while the Xometry Foundation launch signals long-term brand investment. This follows the strong Q1 beat and Siemens partnership — the growth narrative is intact and accelerating.
At the time of this announcement, XMTR was trading at $90.23 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $30.63 to $106.08. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.