Xometry Reports Record Second Quarter 2025 Results

Core Insights - Xometry, Inc. reported strong financial performance for Q2 2025, achieving record revenue and significant marketplace gross margin expansion, indicating sustainable long-term growth potential [2][5][6] Financial Highlights - Q2 2025 revenue increased by 23% year-over-year to $163 million, driven by robust marketplace growth [5][7] - Marketplace revenue for Q2 2025 was $148 million, a 26% increase year-over-year [6][7] - Gross profit for Q2 2025 rose 23% year-over-year to $65.2 million, representing a gross margin of 40.1% [5][7] - Adjusted EBITDA improved by $6.6 million year-over-year to $3.9 million, reflecting strong operating leverage [5][6] - The net loss attributable to common stockholders for Q2 2025 was $26.4 million, which included a $16.4 million non-recurring loss on debt extinguishment [6][7] Business Developments - Active Buyers increased by 22% year-over-year, reaching 74,777 as of June 30, 2025 [6][11] - The number of Accounts with Last Twelve-Months Spend of at least $50,000 grew by 15% to 1,653 [6][11] - Xometry EU launched Teamspace, a cloud-based solution to enhance collaboration on projects and custom part orders [6][9] - New AI features were introduced to streamline quoting processes for technical drawings in North America [9] Financial Guidance - For Q3 2025, Xometry expects revenue between $167 million and $169 million, representing 18-19% year-over-year growth [12][16] - Adjusted EBITDA for Q3 2025 is projected to be approximately $4.0 to $5.0 million, an improvement from a loss of $0.6 million in Q3 2024 [12][16] - The full year 2025 marketplace growth outlook has been raised to 23-24% [16]