Xometry, Inc., the global AI-powered marketplace connecting buyers and suppliers of custom manufacturing, has announced third quarter 2025 financial results demonstrating significant expansion across key metrics. Xometry reports record growth with revenue reaching $181 million, representing a 28% year-over-year increase driven by robust marketplace performance and expanding enterprise adoption. The company achieved marketplace revenue growth acceleration to 31% year-over-year whilst gross profit increased 29% to $72.0 million, establishing a record marketplace gross margin of 35.7%.
The North Bethesda, Maryland-based company reported Adjusted EBITDA improvement of $6.8 million year-over-year to $6.1 million, reflecting expanding marketplace gross margin and strong operating expense leverage. Results were driven by consistent execution across strategic initiatives including buyer and supplier network expansion, deepened enterprise engagement, international growth, and enhanced supplier services.
Xometry Reports Record Growth through Marketplace Expansion
The marketplace segment demonstrated exceptional performance with revenue reaching $167 million in Q3 2025, accelerating from previous quarters through strong enterprise customer adoption. Active Buyers increased 21% year-over-year from 64,851 to 78,282, whilst Accounts with Last Twelve-Month Spend exceeding $50,000 grew 14% to 1,724 accounts. The marketplace gross margin expansion of 210 basis points to 35.7% reflects improving operational efficiency and platform optimisation.
“This was another record quarter for Xometry as enterprise customers rapidly adopt our supply chain solutions. In Q3, we delivered 31% marketplace revenue growth year-over-year underscoring the strength of our platform and strategic global network.”
– Randy Altschuler, CEO at Xometry
Key Q3 2025 financial highlights:
- Total revenue: $181 million (28% YoY increase)
- Marketplace revenue: $167 million (31% YoY increase)
- Gross profit: $72.0 million (29% YoY increase)
- Marketplace gross margin: 35.7% (210 basis points improvement)
- Adjusted EBITDA: $6.1 million ($6.8 million YoY improvement)
- Non-GAAP net income: $6.2 million (versus $1.1 million Q3 2024)
- Cash and marketable securities: $225 million
James Miln, Xometry’s CFO, highlighted profitability trajectory: “In Q3, we delivered accelerated marketplace revenue growth and a robust marketplace gross margin which increased 210 basis points year-over-year to 35.7%. Our Adjusted EBITDA improved by $6.8 million year-over-year to $6.1 million. We expect to deliver 20% annual incremental Adjusted EBITDA margins as we scale to $1 billion in revenue.”
Platform Innovation and Service Expansion
Since the previous earnings announcement, Xometry has introduced several significant platform enhancements strengthening its market position:
Workcenter Mobile Application: Launched proprietary all-in-one quote-to-cash solution enabling partners to source work, manage operations, monitor performance, and secure cash flow. The mobile app facilitates supplier management of job offers, production workflows, and shop performance whilst improving communication flow for critical updates and job opportunities.
Injection Moulding Auto-Quotes: Expanded auto-quoting capability to U.S. market following European launch. The AI-powered platform manages full lifecycle from initial quoting to delivery and reordering, supporting prototype through high-volume production tooling across 35+ materials, colours, and finishes.
Enhanced DFM Capabilities: Advanced AI-powered Design for Manufacturing capabilities through expanded automated extraction engine interpreting technical drawings and CAD files. Enhancement improves quote accuracy and supplier matching by automatically identifying manufacturing attributes including materials, processes, and tolerances.
European Market Expansion: Xometry EU added over two dozen new materials including bronze and acrylic variants whilst expanding delivery options with express manufacturing for CNC, sheet metal, and 3D printing. Launched parts library simplifying customer management and reuse of part data across projects.
Thomas Platform Enhancement: Thomas launched dynamic ad-serving technology platform enabling advertisers to set budgets, define target audiences, maximise effectiveness, and improve ROI tracking through pay-for-performance model.
Financial Guidance and Market Outlook
Xometry raised both fourth quarter and full-year 2025 financial guidance based on strong performance and continued momentum:
Q4 2025 Guidance:
- Revenue: $182-$184 million (23-24% YoY growth)
- Adjusted EBITDA: $6-$7 million (versus $1.0 million Q4 2024)
Full Year 2025 Guidance (Raised):
- Revenue: $676-$678 million
- Adjusted EBITDA: $16-$17 million
The supplier services segment generated $14.1 million revenue in Q3 2025, representing a 4% year-over-year decrease as the company focuses resources on higher-margin marketplace expansion. Net loss attributable to common stockholders for Q3 2025 was $11.6 million, whilst Non-GAAP net income reached $6.2 million compared to $1.1 million in Q3 2024.
Strategic Positioning and Enterprise Adoption
The company’s performance reflects successful execution of its strategy to position Xometry as the primary platform for enterprise manufacturing procurement. The 98% revenue retention from existing accounts demonstrates strong customer satisfaction and expanding relationships with enterprise buyers. International operations continue expanding, though the international segment reported Adjusted EBITDA loss of $4.2 million as the company invests in market development.
Xometry’s AI-powered marketplace leverages proprietary technology to connect buyers with its global supplier network, providing real-time pricing and lead time data whilst streamlining procurement processes. The platform’s Thomas industrial sourcing component and cloud-based services suite continue digitising traditional manufacturing industry workflows.
The company maintains strong balance sheet flexibility with $225 million in cash, cash equivalents, and marketable securities as of 30th September 2025, supporting continued investment in platform development and market expansion initiatives.
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