Xometry slides after starting $225 mln stock offering

Goldman Sachs

01/06/2026 21:54

** AI-native manufacturing marketplace Xometry's XMTR.O shares down 9.7% at $86 in extended trading as it looks to raise equity
** North Bethesda, Maryland-based firm launches $225 mln stock offering
** Co intends to use net offering proceeds for working capital and general corporate purposes
** J.P. Morgan and Goldman Sachs joint bookrunners
** XMTR has ~53.6 mln shares outstanding for $5 bln market cap
** Stock edged down 4 cents to close at $95.25 on Mon after hitting intraday record high of $99.86. YTD, stock up 60%
** 7 of 10 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT $86.50, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))