Xometry Q2 Revenue Surges 41% to $229M, Loss Narrows Sharply; CEO Transition and Acquisition Announced
XMTR has more than doubled off its 52-week low of $30.9.
Summary
Xometry's Q2 2026 results crushed expectations—revenue up 41% to $229M, net loss narrowed to $5.3M, and Adjusted EBITDA hit $14.1M. The company also announced a CEO transition and a small acquisition.
Key Events · Earnings and Guidance · XMTR
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Revenue Accelerates 41%
Q2 2026 revenue reached $229.3 million, up from $162.5 million in Q2 2025, driven by 45% marketplace growth. Active Buyers grew 20% to 89,557, and accounts with LTM spend over $50,000 rose 23% to 2,039.
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Profitability Improves Dramatically
Net loss narrowed to $5.3 million from $26.4 million a year ago. Adjusted EBITDA swung to $14.1 million (6.2% margin) from $3.9 million (2.4% margin), reflecting operating leverage as revenue growth outpaces expenses.
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CEO Transition Effective July 1
Sanjeev Singh Sahni, formerly President, became CEO on July 1, 2026. Randolph Altschuler transitioned to Executive Chair. Sahni's new employment agreement includes a $600K base salary, 100% bonus target, and a $3.6M RSU grant vesting over five years.
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Acquisition of GoBRANDgo
On July 1, 2026, Xometry acquired GoBRANDgo, LLC for $4.6 million in cash plus up to $2.5 million in stock earnout, aiming to enhance marketing services with AI and automation capabilities.
Analysis · XMTR · Trade & Services
A standout quarter saw revenue accelerate to $229 million, a 41% year-over-year jump, while the net loss shrank dramatically to $5.3 million from $26.4 million a year ago. Adjusted EBITDA swung to $14.1 million, underscoring the operating leverage now kicking in. The marketplace is scaling fast—Active Buyers grew 20% to nearly 90,000, and high-value accounts spending over $50,000 annually climbed 23%. Effective July 1, President Sanjeev Singh Sahni stepped into the CEO role, with former CEO Randolph Altschuler moving to Executive Chair. The company also acquired GoBRANDgo for $4.6 million to bolster its marketing AI capabilities. With $516.7 million in cash and marketable securities, the balance sheet remains robust, though $85.8 million in convertible notes mature in February 2027 and both note series are currently convertible, creating a potential dilution overhang.
At the time of this filing, XMTR was trading at $92.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $30.90 to $106.08. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.