Xometry Reports Record Fourth Quarter and Strong Full Year 2025 Results

Core Insights - Xometry, Inc. reported a record revenue growth of 30% year-over-year in Q4 2025, reaching $192 million, driven by strong enterprise customer adoption of its supply chain solutions [2][5] - The company achieved a gross profit increase of 27% year-over-year to $75.2 million, with Adjusted EBITDA improving by $7.3 million to $8.4 million [2][5] - For the full year 2025, Xometry's marketplace revenue was $630 million, reflecting a 30% increase year-over-year, while services revenue decreased by 4% to $57 million [8][7] Financial Highlights - Q4 2025 revenue was $192 million, a 30% increase from $148.5 million in Q4 2024 [10] - Q4 gross profit rose to $75.2 million, up 27% from $59 million in the same quarter last year [10] - Adjusted EBITDA for Q4 2025 was $8.4 million, compared to $1.05 million in Q4 2024, marking a 699% increase [10] - Full year 2025 net loss attributable to common stockholders was $61.7 million, compared to a loss of $50.4 million in 2024 [10] Business Highlights - Active Buyers increased by 20% year-over-year, reaching 81,821 as of December 31, 2025 [6] - Marketplace revenue for Q4 2025 was $178 million, a 33% increase year-over-year, while services revenue was $13.9 million, a slight decrease of 1% [6][10] - The number of Active Suppliers grew by 17% year-over-year to 4,996, with a focus on larger suppliers to meet enterprise customer needs [6][11] Operational Developments - Xometry launched performance-based listings on Thomasnet, enhancing supplier visibility and engagement [6] - The company expanded its platform with new high-performance materials critical for industries such as aerospace and medical devices [8] - Xometry achieved Cybersecurity Maturity Model Certification (CMMC Level 2), reinforcing its position in the aerospace and defense sectors [11] Future Outlook - For Q1 2026, Xometry expects revenue between $187 million and $189 million, representing a growth of 24-25% year-over-year [15] - The company anticipates continued incremental Adjusted EBITDA margins of at least 20% as it scales towards $1 billion in revenue [2][18]