Core Insights - Xometry reported Q2 2025 GAAP revenue of $162.5 million, exceeding the consensus estimate of $156.5 million, with non-GAAP diluted EPS of $0.09, surpassing the expected $0.04, indicating strong marketplace growth and improved operational efficiency despite a wider GAAP net loss due to a non-recurring charge [1][2][9] Financial Performance - Q2 2025 revenue increased by 23% year-over-year from $132.6 million in Q2 2024, with marketplace revenue growing 26% year-over-year [2][5] - Active buyers in the marketplace rose by 22% to 74,777, with accounts spending at least $50,000 increasing by 15% to 1,653, reflecting strong customer loyalty [5] - Adjusted EBITDA turned positive at $3.9 million, an improvement of $6.6 million from a loss in the previous year, driven by the U.S. segment [7] - Supplier services revenue declined by 6.4% year-over-year to $14.3 million, with management projecting a continued decline of around 5% for the year [2][6] Operational Highlights - Xometry's platform utilizes AI for instant pricing and design feedback, enhancing efficiency in custom manufacturing across various industries [3] - The company is focusing on technology expansion, AI integration, and growing its buyer and supplier networks, with notable innovations in AI capabilities and international expansion efforts [4] - New platform features launched include an AI-driven instant drawing quote tool and Teamspace for improved collaboration among buyer purchasing teams [8] Future Guidance - For Q3 2025, management projects revenue between $167 million and $169 million, representing 18-19% year-over-year growth, with adjusted EBITDA expected in the range of $4.0 million to $5.0 million [10] - For FY2025, Xometry raised its marketplace revenue growth outlook to 23-24%, while supplier services revenue is expected to remain down around 5% [10]