Xometry Q3 revenue up 28%, beats expectations

Xometry

04/11/2025 12:14

Overview

Xometry Q3 revenue grows 28% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats consensus, driven by expanding marketplace gross margin

Marketplace revenue grows 31% yr/yr, driven by enterprise growth and expanded networks

Outlook

Company raises full-year 2025 revenue guidance to $676-$678 mln

Xometry expects Q4 2025 revenue of $182-$184 mln

Company raises full-year 2025 Adjusted EBITDA guidance to $16-$17 mln

Result Drivers

MARKETPLACE EXPANSION - Q3 revenue growth driven by robust marketplace expansion, particularly in enterprise engagement and network expansion

GROSS MARGIN IMPROVEMENT - Record marketplace gross margin of 35.7% contributed to increased gross profit

STRATEGIC INITIATIVES - Strong operating results driven by expanding networks, deeper enterprise engagement, and international growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$180.71 mln
$168.27 mln (10 Analysts)
Q3 Adjusted EPS
Beat
$0.11
$0.10 (9 Analysts)
Q3 Adjusted Net Income
$6.21 mln
Q3 Adjusted EBITDA
Beat
$6.14 mln
$4.51 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "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 $48.50, about 0.1% below its November 3 closing price of $48.57

The stock recently traded at 72 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release: ID:nGNX6pRy8b

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(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.)