Xometry Reports Third Quarter 2024 Results

Q3 revenue increased 19% year-over-year to a record $142 million driven by marketplace growth of 24% year-over-year. Q3 gross profit increased 21% year-over-year to a record $55.8 million.Q3 marketplace gross profit increased 34% year-over-year, driven by our AI technology and expanding supplier network. Q3 marketplace gross margin increased 250 basis points year-over-year to a record 33.6%.Q3 Adjusted EBITDA improved 85% year-over-year to a loss of $0.6 million. Q3 Adjusted EBITDA loss represented a record ...