Xometry Q2 revenue beats on marketplace growth

Xometry

04/08/2026 12:25

Overview
U.S. manufacturing marketplace's Q2 revenue rose 41%, beating analyst expectations
Q2 adjusted EPS met analyst expectations; adjusted EBITDA beat consensus
Company completed $248 mln equity offering to fund growth initiatives

Outlook
Xometry sees Q3 2026 revenue between $234 mln and $236 mln
Company expects Q3 2026 adjusted EBITDA of $16 mln to $17 mln
Xometry raises full-year 2026 revenue growth outlook to 33-34%

Result Drivers
MARKETPLACE GROWTH - Co said Q2 revenue and gross profit growth were driven by robust marketplace expansion, including a 45% year-over-year increase in marketplace revenue
AI AND PLATFORM ENHANCEMENTS - Co cited improvements to proprietary AI models and marketplace experience as driving buyer growth and increased wallet share in larger accounts
OPERATING EXPENSE LEVERAGE - Co said improved adjusted EBITDA was driven by strong marketplace gross profit growth and significant operating expense leverage

Company press release: ID:nGNX6TDVpD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$229.28 mln
$215.14 mln (9 Analysts)
Q2 Adjusted EPS
Meet
$0.16
$0.16 (8 Analysts)
Q2 Adjusted Net Income
 
$9.91 mln
 
Q2 Adjusted EBITDA
Beat
$14.14 mln
$11.69 mln (8 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Xometry Inc is $89.00, about 2.3% above its August 3 closing price of $87.01
The stock recently traded at 79 times the next 12-month earnings vs. a P/E of 58 three months ago

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.)