Xometry Reports Record Q1 Results, Raises Full-Year Guidance, and Secures $50M Strategic Investment from Siemens
XMTR has more than doubled off its 52-week low of $28.52.
Summary
Xometry reported record first-quarter financial results, significantly improved profitability, and raised its full-year revenue guidance, further bolstered by a new strategic partnership with Siemens that includes a $50 million equity investment.
Key Events · Earnings and Guidance · XMTR
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Record Q1 Financial Performance
Total revenue for Q1 2026 increased 36% year-over-year to a record $205 million, with marketplace revenue growing 40% to $191 million. Gross profit rose 39% to $78.5 million. Adjusted EBITDA improved by $10.4 million year-over-year to $10.5 million, and the company achieved Non-GAAP net income of $6.9 million, a significant turnaround from a $2.5 million loss in Q1 2025.
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Raised Full-Year 2026 Guidance
Xometry raised its full-year 2026 revenue growth outlook from at least 21% to 27-28%, driven by approximately 30% marketplace growth. For Q2 2026, the company expects revenue of $214-$216 million and Adjusted EBITDA of $11-$12 million.
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Strategic Partnership with Siemens and $50M Equity Investment
The company announced a new strategic partnership with Siemens, which will embed Xometry's proprietary manufacturability, pricing, sourcing, and execution intelligence directly within Siemens Xcelerator. Siemens is purchasing approximately $50 million of Xometry Class A common stock, underscoring its conviction in Xometry's AI-powered platform.
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Strong Operational Metrics
Marketplace Active Buyers increased 20% year-over-year to 85,581, and Accounts with Last Twelve-Months Spend of at least $50,000 increased 21% to 1,864. The company also reported $14.6 million in operating cash flow, contributing to $224 million in cash, cash equivalents, and marketable securities.
Analysis · XMTR · Trade & Services
Xometry, Inc. delivered exceptionally strong first-quarter results, significantly exceeding expectations with record revenue and a substantial improvement in profitability, moving from a net loss to positive Adjusted EBITDA and Non-GAAP Net Income. The company also raised its full-year 2026 revenue growth outlook, signaling continued confidence in its business trajectory. A highly significant development is the new strategic partnership with Siemens, which includes a $50 million equity investment by Siemens in Xometry's Class A common stock. This investment provides a substantial capital infusion and serves as a strong validation of Xometry's AI-powered marketplace model and its potential to define the future of industrial software. Investors should view this filing as a strong positive signal, indicating robust operational performance, an improved financial outlook, and a major strategic endorsement.
At the time of this filing, XMTR was trading at $68.22 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $28.52 to $73.87. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.