Xometry(XMTR) - 2025 Q1 - Quarterly Results

Financial Performance - Q1 2025 revenue increased 23% year-over-year to a record $151 million, driven by robust marketplace growth[5] - Q1 marketplace revenue increased 27$136 million, with a 700 basis point acceleration from Q4 2024[6] - Revenue for Q1 2025 was $150.971 million, a 22.9$122.690 million in Q1 2024[38] - U.S. segment revenue increased to $127.820 million in Q1 2025, up from$103.363 million in Q1 2024, representing a 23.7% growth[48] - International segment revenue rose to $23.151 million in Q1 2025, compared to$19.327 million in Q1 2024, marking a 19.5% increase[48] Profitability Metrics - Q1 Adjusted EBITDA improved by $7.5 million year-over-year, reaching$0.1 million[5] - Adjusted EBITDA for Q1 2025 was $78 thousand, compared to a loss of$7.459 million in Q1 2024[48] - Non-GAAP net income for Q1 2025 was $0.8 million, compared to a Non-GAAP net loss of$5.7 million in Q1 2024[6] - Non-GAAP net income for Q1 2025 was $828 thousand, an improvement from a loss of$5.742 million in Q1 2024[46] - Basic and diluted GAAP EPS for Q1 2025 was $(0.30), an improvement from$(0.34) in Q1 2024[46] - Non-GAAP EPS for Q1 2025 was $0.02, compared to$(0.12) in Q1 2024[46] Expenses and Losses - Operating expenses for Q1 2025 totaled $71.722 million, an increase from$65.759 million in Q1 2024[38] - Net loss attributable to common stockholders for Q1 2025 was $15.078 million, an improvement from a net loss of$16.616 million in Q1 2024[38] - The company reported a comprehensive loss of $13.545 million for Q1 2025, compared to a comprehensive loss of$17.090 million in Q1 2024[38] - Total stock-based compensation expense and payroll taxes related to stock-based compensation amounted to $8.815 million in Q1 2025, up from$6.036 million in Q1 2024[50] - Restructuring charges for Q1 2025 totaled $1.461 million, with no charges reported in Q1 2024[50] Balance Sheet Highlights - Cash, cash equivalents, and marketable securities totaled$231 million as of March 31, 2025[6] - Total current assets increased to $334.618 million as of March 31, 2025, up from$327.540 million as of December 31, 2024[35] - Total liabilities rose to $379.077 million as of March 31, 2025, compared to$364.533 million as of December 31, 2024[35] - Cash and cash equivalents decreased to $15.507 million at the end of Q1 2025, down from$22.232 million at the end of Q4 2024[40] Future Outlook - For Q2 2025, revenue is expected to be between $155 million and$157 million, representing 17-18% growth year-over-year[17] - The company raised its marketplace growth outlook for FY 2025 from at least 20% to at least 22%[17] - The company plans to provide guidance for Q2 2025 and the full year 2025 during the upcoming conference call[32] Marketplace Activity - Marketplace Active Buyers increased 22% from 58,504 to 71,454 year-over-year[11] - Supplier services revenue for Q1 2025 was $14.6 million, a decrease of 6% year-over-year[6] Certifications and Achievements - The company achieved Cybersecurity Maturity Model Certification (CMMC Level 2), enhancing its position in the aerospace and defense industries[10]