XMTRXometry Inc

Xometry, Inc. operates a digital marketplace that connects buyers with a vast network of over 500,000 suppliers for custom manufacturing services. The company primarily serves businesses in the United States and internationally that require specialized parts and assemblies, offering a one-stop platform for sourcing, pricing, and ordering manufactured components. Xometry's customers come from diverse industries, including automotive, aerospace, healthcare, and consumer goods, who need access to flexible, on-demand manufacturing capabilities. Through its platform, users can instantly receive quotes, manage projects, and access additional workflow and financial services, streamlining the traditionally fragmented and complex manufacturing sourcing process. By leveraging artificial intelligence and data-driven tools, Xometry provides efficiencies and cost savings to both buyers and suppliers, fostering strong retention and growth particularly with enterprise accounts.

Custom CNC machining, including milling and turning services for various materials and part specifications.,Sheet, laser, waterjet, and plasma cutting services, as well as sheet metal forming solutions for complex fabrication needs.,A broad range of 3D printing solutions such as selective laser sintering, stereolithography, fused deposition modeling, HP multi jet fusion, PolyJet, carbon digital light synthesis, and metal binder jetting.,AI-powered instant quoting platform, offering real-time pricing, order management, and workflow tools.,Financial services for supply chain participants, including payment management and working capital solutions.,Marketplace for on-demand manufacturing and supplier connection, with value-added features like the recently launched supplier Workcenter app.,Fintech and digital marketing tools following the acquisition of Thomasnet.com to enhance the value proposition for suppliers and buyers.

Fiverr (for digital, gig-based custom solutions, though more focused on freelancing),,Protolabs (specialist in rapid prototyping and short-run production),,Fictiv (online manufacturing platform connecting customers with suppliers for custom parts),,3D Systems and Stratasys (primarily in the 3D printing segment),,Hubs (formerly 3D Hubs, another online manufacturing marketplace),,GE Additive (for aerospace and industrial clients in 3D printing),,Fast Radius (cloud manufacturing and digital supply chain solutions)

Xometry’s stock price is currently driven by several factors including rapid revenue growth in both its core marketplace and international segments, strong expansion in its user base and enterprise accounts, and new product launches such as automated injection molding quotes. Recent earnings reports showing double-digit revenue growth and adjusted EBITDA profitability have boosted investor sentiment. Broader market trends such as increased adoption of digital manufacturing, 3D printing, and AI-powered workflow tools are also positive drivers. Valuation discussions highlight that shares are trading close to but slightly below fair value, which draws value investors seeking growth at a reasonable price. Macroeconomic uncertainty, particularly around industrial and manufacturing sectors, can create volatility in the share price as sentiment and risk appetite shift.

In the most recent quarter (Q3 2025), Xometry reported 28% year-over-year revenue growth to $181 million, with marketplace revenue up 31% and gross profit also rising by 29%. The company launched key new products, including the automated quoting system for injection molding and introduced a supplier Workcenter app to enhance supplier workflow and engagement. Active buyer accounts grew by 21% year-over-year to 78,282, indicating successful customer acquisition. International revenues grew 23% year-over-year, reflecting progress in scaling outside the core U.S. market, though supplier services revenue witnessed a slight dip. Adjusted EBITDA swung positive to $6.1 million compared to a loss in the prior year, suggesting operational improvements and potential progress towards sustained profitability.

Looking ahead to the next quarter (Q4 2025), Xometry is guiding revenue in the range of $182–184 million and anticipates full-year 2025 revenue of approximately $676–678 million, with adjusted EBITDA projected at $16–17 million. The company is expected to continue rolling out workflow enhancements and AI-powered features to its marketplace, potentially boosting both enterprise adoption and retention. Further international expansion, possibly through additional partnerships or localized services, is likely as Xometry leverages its technology and recent acquisitions. Macro-level risks such as industrial activity slowdowns or supply chain disruptions may temper actual outcomes. Investors and analysts will watch closely for updates on profitability milestones and any shifts in the growth trajectory of active buyers and suppliers.

Xometry’s major strengths include its robust, AI-powered digital marketplace model that delivers instant quoting and efficient matchmaking between buyers and a vast network of over 500,000 suppliers, creating significant network effects and switching costs. The company’s technology-driven platform enables scalability, efficiency, and rapid innovation in launching new services, as seen with recent automated quoting tools. Strategic acquisitions, such as Thomasnet.com, have expanded Xometry’s user base, added valuable fintech and marketing services, and increased platform stickiness. Strong retention rates among enterprise clients and a large, growing addressable market (estimated at $275 billion) position Xometry as a leader in digital manufacturing solutions. Its ability to deliver consistent revenue growth and steadily improve operational metrics also underpins investor confidence.

Despite strong topline growth, Xometry remains unprofitable on a net income basis and faces challenges in scaling supplier services revenue, which recently declined. High price-to-book valuation and elevated EV/revenue multiples could deter value-focused investors or magnify downside risk in market corrections. The company is also exposed to broader macroeconomic cycles in manufacturing and industrial demand, which can impact buyers’ purchasing volumes and project launches. Integration of acquisitions like Thomasnet.com poses execution risks, and continued heavy investment in technology and expansion may delay sustained profitability. Intense competition from both established and emerging digital manufacturing and 3D printing firms increases pressure on margins and customer acquisition costs.

Xometry has numerous growth avenues ahead, including deeper penetration into the rapidly expanding 3D printing and digital manufacturing markets, which are projected to see substantial global growth through 2028. Launching new AI-powered quoting and workflow tools can further increase automation, efficiency, and customer satisfaction, while fintech and value-added services can drive incremental revenue from both buyers and suppliers. International growth represents a significant opportunity, as non-U.S. manufacturing marketplaces remain less developed and Xometry can lead in digitizing these supply chains. As more enterprises seek to diversify suppliers and streamline procurement processes, Xometry’s scalable marketplace model is well-positioned to capture increasing share. Additional partnerships, industry verticals, and potential cross-selling opportunities from newly acquired assets like Thomasnet.com could further fuel expansion.

Key risks facing Xometry include ongoing net operating losses and the challenge of achieving profitable scale in a competitive market landscape. Any slowdown in the manufacturing or industrial sectors due to macroeconomic shocks, inflation, or interest rate volatility may reduce procurement activity on the platform. Execution risk from integrating large acquisitions or launching new technology features is notable, especially given prior investments like the $300 million Thomasnet.com deal. Competition is fierce, with both digital-native rivals and traditional suppliers adopting similar AI-driven models, potentially eroding differentiation. Finally, broader technology and cybersecurity risks, as well as potential regulatory changes in international markets, could affect the reliability and adoption of Xometry’s marketplace.

Recent news highlights several important developments, including a surge in Xometry’s shares following the successful rollout of automated quoting for injection molding, which increased efficiency and investor optimism. The acquisition of Thomasnet.com for $300 million expanded Xometry’s digital manufacturing marketplace footprint by adding 1.3 million users and new fintech and marketing capabilities, aiming for improved margins and scale. Quarterly earnings demonstrated strong revenue growth and operational improvements, though supplier services revenue softened slightly. Xometry continues to introduce new tech-driven solutions and enterprise-focused features, and industry coverage points to its unique positioning and growth prospects in the AI and 3D printing sectors. Meanwhile, value-focused and growth investors have taken notice as Xometry trades at a discount to some fair value models, though profitability concerns and market risks remain topics of discussion.

The broader market environment is characterized by increased interest in digital transformation, AI automation, and the rapid adoption of 3D printing within manufacturing and construction sectors worldwide. The global 3D printing industry, for example, is expected to more than double in value by 2028. At the same time, market volatility tied to macroeconomic concerns—such as inflation, jobs, and sectoral slowdowns—has made investors more selective, seeking out high-growth but undervalued technology stocks like Xometry. There is growing demand for efficiency, supply chain diversification, and on-demand solutions, which strongly benefit digital marketplaces. However, heightened competition from both traditional players pivoting to digital models and next-wave tech companies means innovation and cost management remain crucial for sustained leadership.

Xometry, Inc. is a technology-driven manufacturing marketplace that connects buyers with suppliers worldwide. The company specializes in providing a wide array of manufacturing services, including CNC machining, 3D printing, sheet metal fabrication, and injection molding. Leveraging advanced AI algorithms, Xometry offers instant pricing, manufacturability feedback, and seamless sourcing options to its clients. The platform primarily caters to industries such as aerospace, automotive, medical, and consumer electronics, helping them streamline their manufacturing processes. By integrating AI and machine learning, Xometry aims to enhance efficiency and scalability, solidifying its position as a leader in custom manufacturing solutions.

CNC machining services, including milling and turning, providing precise and efficient manufacturing solutions for a variety of industries.,3D printing services, offering a range of technologies such as selective laser sintering and stereolithography to cater to rapid prototyping and small batch production.,Sheet metal forming services, encompassing laser cutting, waterjet cutting, and plasma cutting, allowing for the production of parts with varied complexities.,Injection molding services to facilitate the mass production of plastic parts through cost-effective and rapid manufacturing techniques.,Advanced AI-driven instant quoting and manufacturability feedback systems designed to optimize manufacturing operations and reduce lead times.

Proto Labs, another prominent digital manufacturer that provides rapid prototyping and on-demand production through a variety of technologies.,Shapeways, a platform that offers a wide range of 3D printing services to both individual creators and companies looking for custom manufacturing solutions.,Fictiv, which focuses on simplifying the custom parts manufacturing process through an online platform for quoting and production management.,Materialise, known for its expertise in 3D printing technologies and software solutions, serving an extensive range of industries.,Stratasys, a major player in 3D printing, offering a comprehensive portfolio of additive manufacturing solutions.

Xometry's stock price is influenced by several key factors, including its revenue growth and market expansion efforts. The company's strategic focus on AI integration and operational efficiency also plays a critical role in driving investor sentiment. Macroeconomic conditions and industry trends, particularly the growth trajectory of the 3D printing sector, significantly affect its market performance. Additionally, strategic appointments like that of Sanjeev Singh Sahni and changes in executive management can impact stock valuation. Investor interest and market perception are further shaped by Xometry's ability to achieve profitability milestones, such as the projected Adjusted EBITDA profitability by Q3 2024.

In the most recent quarter, Xometry reported significant growth in revenue, driven by robust marketplace expansion and enhanced operational strategies. The company witnessed a 31% increase in quarterly revenue, marking a milestone success attributed to its focus on scalable marketplace operations. Xometry's gross profit showed an impressive 39% growth, with margins expanding across its services. In a strategic move to bolster its leadership, Xometry appointed Sanjeev Singh Sahni as President, bringing expertise from prominent tech and logistics companies. The quarter also highlighted important advancements in AI capabilities, improving service delivery and customer satisfaction.

Looking ahead to the next quarter, Xometry anticipates continued revenue growth, driven by its strategic efforts to enhance operational efficiency and expand its marketplace reach. The company plans to build on its AI and machine learning investments to provide even more dynamic and responsive manufacturing solutions. Market outlook indicates potential challenges due to macroeconomic factors, but Xometry is well-positioned to capitalize on the growing demand for advanced manufacturing technologies. The company is also expected to focus on international markets to foster broader customer engagement and drive upmarket opportunities.

Xometry's primary strengths lie in its advanced AI-driven marketplace platform that streamlines custom manufacturing processes. The company's unique ability to offer instant quoting and manufacturability feedback gives it a competitive edge. Xometry's scalable business model and broad range of services cater to a diverse array of industries, further solidifying its market position. The strategic focus on operational efficiency, combined with a robust leadership team, enhances its capability to achieve growth targets. Leveraging data-driven insights to optimize manufacturing workflows also sets Xometry apart from other players in the industry.

Despite its achievements, Xometry faces challenges such as maintaining profitability amid fluctuating market demands. The company's dependence on the broader economic environment can impact revenue consistency. With ongoing investments in AI and international expansion, there are inherent risks associated with execution and integration of new technologies. Competitive pressures from other tech-enabled manufacturing platforms could challenge Xometry's market share. Furthermore, the vulnerability to changes in industry regulations and potential supply chain disruptions remains a concern for sustained growth.

Xometry has numerous opportunities to drive future growth, including expanding its presence in untapped international markets. The company plans to establish strategic partnerships with local manufacturing hubs worldwide to enhance its operational reach. The increasing adoption of AI and automation in manufacturing presents a chance for Xometry to further differentiate itself by advancing its machine learning algorithms to improve manufacturability assessments and feedback systems. The gradual shift from prototyping to mass production through 3D printing opens new avenues for broadening its service portfolio, and developing tailored solutions for niche markets like medical and aerospace could bolster its industry standing.

Several risks could impact Xometry's future performance, including economic downturns that could suppress industrial demand for customized parts. The manufacturing sector's cyclical nature poses a challenge in terms of achieving consistent revenue growth. Technological advancements by competitors could erode Xometry's competitive advantages. The company also faces risks associated with supply chain volatility and geopolitical tensions that could disrupt operations. Additionally, the challenge of sustaining investor confidence in a fast-evolving tech landscape is crucial, given the current market emphasis on AI and digital transformation.

Recent news about Xometry highlights its solid financial performance with a 31% increase in Q4 revenue. The appointment of Sanjeev Singh Sahni as President points to strategic internal restructuring aimed at driving global growth and operational efficiency. Industry analyses place Xometry among the top companies in the 3D printing sector, underscoring its innovative use of AI technology. The company's inclusion in major small-cap investment funds indicates growing investor interest. Positive sentiment surrounding its AI-driven platform has resulted in an 'Outperform' rating by Wedbush, reflecting optimism about its future potential.

The market for 3D printing and additive manufacturing continues to grow at an impressive rate, with expectations of reaching $57.1 billion by 2028. There is a significant shift towards utilizing AI and automation across industries, making manufacturing processes more efficient and cost-effective. The transition from prototyping to mass production is set to redefine manufacturing paradigms, with companies like Xometry well-positioned to benefit. Economic challenges in Europe present short-term hurdles but also open opportunities for companies agile enough to adapt. Meanwhile, the broader tech sector is focused on value generation through AI and digital transformation, with Xometry poised to capture increased market share.