Xometry beats Q1 revenue on marketplace expansion, raises FY rev growth outlook

Xometry

07/05/2026 12:19

Overview

U.S. manufacturing marketplace's Q1 revenue rose 36%, beating analyst expectations

Adjusted EPS and adjusted EBITDA for Q1 beat analyst expectations

Company announced $50 mln strategic equity investment from Siemens

Outlook

Xometry sees Q2 2026 revenue between $214 mln and $216 mln

Company expects Q2 2026 Adjusted EBITDA of $11 mln to $12 mln

Xometry raises full-year 2026 revenue growth outlook to 27-28%

Result Drivers

MARKETPLACE EXPANSION - Q1 revenue growth driven by robust marketplace performance, with increased buyer and supplier networks and higher wallet share

GROSS MARGIN IMPROVEMENT - Gross profit rose 39% year-over-year, supported by marketplace gross margin expansion and operating expense leverage

PRODUCT INNOVATION - Enhanced Instant Quoting Engine and expanded injection molding offerings contributed to improved buyer experience and operational throughput

Company press release: ID:nGNX6HZmzf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$205.14 mln
$188.07 mln (10 Analysts)
Q1 Adjusted EPS
Beat
$0.12
$0.10 (9 Analysts)
Q1 Adjusted Net Income
$6.89 mln
Q1 Adjusted EBITDA
Beat
$10.49 mln
$7.20 mln (9 Analysts)

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)