Revenue Growth - Q3 2025 revenue increased 28% year-over-year to a record $181 million, driven by robust marketplace growth[5] - Marketplace revenue for Q3 2025 was $167 million, an increase of 31% year-over-year[6] - Revenue for Q3 2025 was $180.7 million, a 27.5% increase from $141.7 million in Q3 2024[34] - For Q4 2025, revenue is expected to be between $182 million and $184 million, representing 23-24% growth year-over-year[13] - The company raised its full-year 2025 revenue guidance to $676 million to $678 million[14] - Total revenue for the nine months ended September 30, 2025, was $494,234,000, up 24.5% from $396,983,000 in 2024[45] - U.S. segment revenue for the nine months ended September 30, 2025, was $414,646,000, a 24.5% increase from $333,113,000 in 2024[45] - International segment revenue for the nine months ended September 30, 2025, was $79,588,000, up 24.6% from $63,870,000 in 2024[45] Profitability Metrics - Q3 Adjusted EBITDA improved by $6.8 million year-over-year to $6.1 million, reflecting strong operating expense leverage[5] - Non-GAAP net income for Q3 2025 was $6.2 million, compared to $1.1 million in Q3 2024, reflecting a 457% increase[6] - Gross profit for Q3 2025 was $72.0 million, compared to $55.8 million in Q3 2024, reflecting a gross margin improvement[34] - Adjusted EBITDA for the nine months ended September 30, 2025, was $10,146,000, compared to a loss of $10,725,000 in 2024, indicating a significant improvement[39] - Non-GAAP EPS diluted for the nine months ended September 30, 2025, was $0.22, compared to a loss of $0.11 in 2024[43] Expenses and Losses - Operating expenses for Q3 2025 were $83.1 million, up from $67.3 million in Q3 2024, driven by increased sales and marketing costs[34] - Net loss for Q3 2025 was $11.6 million, compared to a net loss of $10.2 million in Q3 2024, resulting in a net loss per share of $0.23[34] - For the nine months ended September 30, 2025, the net loss was $53,110,000 compared to a net loss of $40,507,000 for the same period in 2024, representing a 31% increase in losses[37] - The company incurred $16,430,000 in losses on debt extinguishment during the nine months ended September 30, 2025[39] Asset and Liability Changes - Total current assets increased to $341.1 million as of September 30, 2025, up from $327.5 million at the end of 2024[32] - Total liabilities rose to $425.8 million as of September 30, 2025, compared to $364.5 million at the end of 2024[32] - Cash and cash equivalents decreased to $20.8 million as of September 30, 2025, from $22.2 million at the end of 2024[32] - The cash and cash equivalents at the end of the period were $20,845,000, down from $53,424,000 at the beginning of the period[37] Operational Developments - Marketplace Active Buyers increased 21% from 64,851 as of September 30, 2024, to 78,282 as of September 30, 2025[6] - The new Workcenter mobile app was launched to enhance supplier management and communication within the Xometry partner network[8] - Xometry's marketplace continues to expand, leveraging AI to enhance the procurement process for manufacturers[28] Compensation and Expenses - The company reported stock-based compensation of $25,985,000 for the nine months ended September 30, 2025, compared to $21,115,000 in 2024, reflecting a 23% increase[39] - Total stock-based compensation expense and payroll taxes related to stock-based compensation for the nine months ended September 30, 2025, reached $28,085,000, an increase of 27.6% compared to $21,991,000 in the same period of 2024[46] - Total depreciation and amortization expense for Q3 2025 was $5,000,000, representing a 55.3% increase from $3,213,000 in Q3 2024[46] - Total restructuring charges for the nine months ended September 30, 2025, amounted to $1,464,000, with a significant increase from no charges reported in the same period of 2024[46] - Product development expenses for Q3 2025 were $2,583,000, a 67.4% increase from $1,543,000 in Q3 2024[46] - Operations and support expenses for Q3 2025 totaled $3,712,000, up 64.4% from $2,259,000 in Q3 2024[46] - General and administrative expenses for the nine months ended September 30, 2025, were $4,416,000, compared to $4,101,000 in the same period of 2024, reflecting a 7.7% increase[46] - Cost of revenue for the nine months ended September 30, 2025, was $550,000, slightly up from $549,000 in the same period of 2024[46] - Sales and marketing expenses for Q3 2025 were $3,170,000, up 65.7% from $1,913,000 in Q3 2024[46] - Sales and marketing depreciation for Q3 2025 was $799,000, nearly unchanged from $794,000 in Q3 2024[46] - Operations and support depreciation for the nine months ended September 30, 2025, was $129,000, an increase from $105,000 in the same period of 2024[46]

Core Insights - Xometry reported a record third quarter for 2025, with a 31% year-over-year growth in marketplace revenue, highlighting the increasing adoption of its supply chain solutions by enterprise customers [2][5][6] - The company achieved a gross margin of 35.7%, an increase of 210 basis points year-over-year, and an Adjusted EBITDA of $6.1 million, improving by $6.8 million compared to the previous year [2][5][6] - Xometry's revenue for Q3 2025 reached $181 million, a 28% increase from $142 million in Q3 2024, driven by strong marketplace growth and expanded buyer-supplier networks [5][7] Financial Highlights - Q3 2025 revenue was $181 million, up 28% year-over-year, with marketplace revenue specifically increasing by 31% to $167 million [5][6][7] - Gross profit for Q3 2025 was $72 million, a 29% increase from $56 million in Q3 2024, attributed to the record marketplace gross margin [5][7] - The net loss attributable to common stockholders for Q3 2025 was $11.6 million, compared to a loss of $10.2 million in Q3 2024 [6][7] Business Developments - Xometry launched the Workcenter mobile app, enhancing communication and operational management for suppliers within its network [4] - The company introduced auto-quotes for injection molding services in the U.S., streamlining the manufacturing process [9] - Xometry expanded its marketplace in the EU with new materials and faster lead times, including a parts library for easier management of part data [9] Key Operating Metrics - Active buyers increased by 21% year-over-year, from 64,851 to 78,282 [6][11] - Accounts with last twelve-months spend of at least $50,000 rose by 14%, from 1,506 to 1,724 [6][11] - The percentage of revenue from existing accounts was 98%, up from 97% [11] Financial Guidance - For Q4 2025, Xometry expects revenue between $182 million and $184 million, representing a year-over-year growth of 23-24% [12][16] - The full year 2025 revenue guidance has been raised to $676 million to $678 million, with Adjusted EBITDA guidance increased to $16 million to $17 million [12][16]

Group 1 - The article does not provide any specific information or insights regarding a company or industry [1]

Core Insights - Xometry has launched auto-quotes for injection molding services in the U.S., following a successful introduction in European markets earlier this year [1][2] Group 1: Product Offering - The new auto-quoting capability simplifies the injection molding manufacturing process, allowing customers to transition from design to finished part more efficiently [2] - Customers can now receive quotes in minutes instead of days, significantly reducing development and sourcing time [2] Group 2: Customer Benefits - The auto quoting feature provides immediate access to pricing and lead-time estimates, which are crucial for production processes [3] - By minimizing friction and wait times, the service aids engineers and procurement teams in making quicker, more informed decisions, thereby enhancing project momentum [3] Group 3: Company Overview - Xometry's AI-powered marketplace and cloud-based services are digitizing the manufacturing industry, providing essential resources for manufacturers and streamlining procurement for buyers [4]

Core Insights - Xometry, Inc. will report its Q3 2025 financial results on November 4, 2025, before market opens [1] - A conference call and webcast to discuss the results will take place at 8:30 a.m. ET on the same day [2] - An earnings presentation will accompany the financial results announcement and will be available on the Investor Relations website [2][3] Company Overview - Xometry operates an AI-powered marketplace that connects buyers and suppliers in the custom manufacturing sector [4] - The company is digitizing the manufacturing industry through its Thomasnet® industrial sourcing platform and cloud-based services [4] - Xometry provides essential resources for manufacturers to grow their business and enhances the procurement process for buyers with real-time pricing and lead time data [4]

Core Insights - Liberty Park Fund, LP's value increased by 1.13% in Q3 2025, underperforming the Russell 2000's 12.40% increase, with long positions contributing positively and shorts detracting significantly [2][4][21] - Liberty Park Select Opportunities, LP's value increased by 14.27% in the same period, indicating a strong performance in its investment strategy [3][21] - The Federal Reserve's interest rate cuts are expected to stimulate the economy, but have also inflated a bubble in speculative stocks, reminiscent of the dot-com bubble [4][10] Performance Analysis - Long positions saw a 14.42% increase, contributing 12.38% on a weight-adjusted basis, while shorts increased by 18.60%, detracting 10.85% [2][4] - The gross exposure for Liberty Park Fund averaged 142.48%, while net exposure averaged 33.61% [2][21] - Gross Pure Alpha for the quarter was -3.11%, indicating challenges in stock selection [2] Long Performance - Best-performing long positions included Xometry Inc (61.20% return), BK Technologies Corp (79.25% return), and Napco Security Technologies (45.13% return) [5] - Worst-performing long positions included Limbach Holdings Inc (-30.68% return), DMC Global Inc (-20.84% return), and Whirlpool Corp (-24.49% return) [6] Short Performance - The short portfolio faced significant pressure, with seven companies accounting for over half of the negative contribution, surging an average of 170% without fundamental changes [7] - These companies collectively have a market cap of $100 billion, reflecting unrealistic valuations based on 2026 revenue estimates [7] Portfolio Outlook - The investment environment is complex, with interest rate cuts expected to boost consumption while speculation in certain sectors has risen dramatically [10] - The fund's strategy is to remain invested in real economy, non-bubble names while being short on profitless hype [11] Adaptation and Strategy - The fund is considering single-name equity shorts as a core competency, but currently finds few attractive traditional economy shorts [12] - Options have been introduced for risk management, including long call and put positions to hedge against potential market corrections [13][14] Communication Changes - The fund will no longer disclose top positions or highlight individual investments in quarterly communications to protect proprietary research and focus on new initiatives [15][17]

Core Insights - Xometry, Inc. has launched the Workcenter Mobile App to enhance the management capabilities of suppliers within its partner network, allowing them to manage job offers, production workflows, and shop performance from anywhere [1][4]. Company Overview - Xometry operates an AI-powered marketplace that connects buyers and suppliers in custom manufacturing, providing critical resources to manufacturers and streamlining procurement processes through real-time pricing and lead time data [6]. Product Features - The Workcenter platform, introduced in 2022, serves as an all-in-one quote-to-cash solution for partners, enabling them to source work, manage operations, and monitor performance [2]. - The new mobile app allows partners to access the same functionalities as the desktop version, facilitating on-the-go management of jobs and operations [4]. User Experience - The app is designed to improve productivity by allowing partners to manage jobs and communicate while reducing downtime and speeding up workflows [8]. - It offers better support and engagement by providing seamless access to tools and support, ensuring partners remain connected with Xometry's support teams [8]. - Real-time communication features, such as push notifications, keep partners informed of critical updates and job opportunities [8]. - The app enhances data capture capabilities, allowing for photos, signatures, and status updates to be recorded directly, improving accuracy and responsiveness [8]. Availability - The Workcenter Mobile App is available for download on both the Apple App Store and Google Play [5].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Xometry (XMTR) - Xometry currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [3][4]. - The company operates in the on-demand manufacturing sector, which shows promise as a solid momentum pick [4]. Price Performance - Over the past week, Xometry shares increased by 3.81%, while the Zacks Manufacturing - General Industrial industry saw a decline of 0.19% [6]. - In a longer timeframe, Xometry's shares have risen by 12.27% over the past month, significantly outperforming the industry's 0.75% [6]. - Over the last quarter, shares have surged by 47.59%, and over the past year, they have gained 197.62%, compared to the S&P 500's increases of 8.57% and 18.94%, respectively [7]. Trading Volume - Xometry's average 20-day trading volume is 768,045 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - Recent earnings estimate revisions for Xometry have been positive, with three estimates moving higher for the current fiscal year, raising the consensus estimate from $0.30 to $0.35 [10]. - For the next fiscal year, four estimates have increased, with no downward revisions noted [10]. Conclusion - Considering the positive price trends, strong earnings outlook, and favorable trading volume, Xometry is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a compelling option for investors seeking near-term gains [12].

Group 1 - Xometry has consistently participated in the conference over the past few years, indicating strong engagement with the investment community [1] - The team from Xometry includes CEO Randy Altschuler, CFO James Miln, and Shawn Milne from the Investor Relations team, showcasing a robust leadership presence at the event [1]

Summary of Xometry Conference Call - September 10, 2025 Company Overview - **Company**: Xometry (NasdaqGS: XMTR) - **Industry**: Custom manufacturing and digital marketplace Key Points and Arguments Growth and Market Penetration - **Strong Year**: 2025 has been a strong year for Xometry with accelerated growth attributed to deeper penetration within enterprise customers [5][6] - **Enterprise Focus**: Transitioning from small companies to larger enterprise customers, leveraging technology tools and a specialized sales team [5][6] - **Software Development**: Increased output from software development enhances user experience and marketplace functionality [6] Technology and AI Integration - **AI Utilization**: AI is central to Xometry's operations, improving pricing accuracy and supplier matching, which enhances gross margins [7][30][48] - **Marketplace Efficiency**: The platform allows for instant quoting and sourcing flexibility, addressing supply chain resilience and digitization trends [6][14] Executive Team Expansion - **New Leadership**: Recent appointments include a new President, CTO, and CMO from larger companies to guide Xometry's growth towards a billion-dollar revenue mark [10][11] Marketplace Dynamics - **Strong Marketplace Growth**: Over 100 accounts spent more than $500,000 last year, with a 40% growth rate among these customers [14][22] - **Technology-Driven Sales**: Integration with enterprise procurement software reduces friction and enhances customer experience [14][15] International Expansion - **International Revenue Growth**: From $2 million in 2020 to over $100 million run rate, with a 31% growth last quarter [24][25] - **Global Market Resonance**: The business model is effective in Europe and Asia-Pacific, with expectations for international revenue to reach 30%-40% of total [25][26] Financial Performance - **Gross Margin Improvement**: Achieved an all-time high gross margin of 35.4% in Q2, with expectations to maintain a long-term range of 35%-40% [30][31] - **Adjusted EBITDA**: Positive adjusted EBITDA margins expected as the company scales towards a billion-dollar revenue target [52] Supplier Services and Thomasnet - **Advertising Strategy**: Thomasnet, with nearly 500,000 suppliers, is being enhanced with updated technology to improve advertiser engagement and ROI [36][37] - **Self-Service Improvements**: Transitioning to a self-service model for advertisers to increase ease of use and engagement [38][39] Strategic Priorities - **Long-Term Vision**: Aim to be the default choice for custom manufacturing, providing a seamless experience for buyers and suppliers [56][57] - **Supplier Support**: Offering free software to suppliers to streamline their operations and enhance profitability [58] Conclusion - **Market Positioning**: Xometry is positioned to capitalize on the growing demand for custom manufacturing solutions through technology, AI integration, and a strong marketplace strategy [56][58]