Xometry slides on $225 mln equity raise

Goldman Sachs

02/06/2026 11:48

** AI-native manufacturing marketplace Xometry's XMTR.O shares down 9.7% at $86 before the bell after $225 mln follow-on priced
** North Bethesda, Maryland-based firm early Tues said it sold ~2.65 mln shares at $85
** Offering price is 10.8% discount to stock's last close
** Co intends to use net offering proceeds for working capital and general corporate purposes
** J.P. Morgan and Goldman Sachs leading the offering as joint bookrunners
** XMTR has ~53.6 mln shares outstanding
** Through Mon, stock up 60% YTD. It hit an intraday record high of $99.86 on Mon
** 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))