Xometry Q2 revenue up 23%, beats analyst expectations

Xometry

05/08/2025 12:14

Overview

Xometry Q2 revenue rises 23% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats estimates

Adjusted EBITDA improves significantly, driven by marketplace gross margin expansion

Outlook

Xometry sees Q3 revenue of $167-$169 mln, 18-19% growth y-o-y

Company expects Q3 adjusted EBITDA of $4.0-$5.0 mln

Xometry raises FY 2025 marketplace growth outlook to 23-24%

Company expects FY 2025 supplier services revenue down ~5% y-o-y

Result Drivers

MARKETPLACE GROWTH - Q2 revenue driven by robust marketplace growth, with marketplace revenue up 26% yr/yr

ENTERPRISE EXPANSION - Strong enterprise growth and expanding networks of buyers and suppliers boosted marketplace revenue

GROSS MARGIN EXPANSION - Record marketplace gross margin of 35.4% contributed to increased gross profit

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$162.55 mln
$156.60 mln (10 Analysts)
Q2 Adjusted EPS
Beat
$0.09
$0.04 (9 Analysts)
Q2 Adjusted Net Income
$4.68 mln
Q2 Net Income
-$26.43 mln
Q2 Adjusted EBITDA
Beat
$3.93 mln
$1.61 mln (8 Analysts)
Q2 Gross Profit
$65.18 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 1 "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 $35.50, about 12.8% above its August 4 closing price of $30.97

The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 77 three months ago

Press Release: ID:nGNX1dgmND

(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.)