Xometry, Inc. ( (XMTR) ) has released its Q2 earnings. Here is a breakdown of the information Xometry, Inc. presented to its investors.
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Xometry, Inc. is a global AI-powered marketplace that connects buyers with suppliers of manufacturing services, operating primarily in the manufacturing and technology sectors. The company is known for its innovative approach to digitizing the manufacturing industry through its platform and suite of cloud-based services.
In its latest earnings report, Xometry announced record results for the second quarter of 2025, with revenue reaching $163 million, marking a 23% increase year-over-year. The company attributes this growth to robust marketplace expansion and strategic investments in platform innovation and network expansion.
Key financial highlights include a 26% year-over-year increase in marketplace revenue to $148 million and a significant improvement in Adjusted EBITDA, which rose by $6.6 million to $3.9 million. Despite a net loss of $26.4 million, which included a non-recurring loss on debt extinguishment, the company achieved a non-GAAP net income of $4.7 million. Xometry also completed a convertible debt refinancing, enhancing its financial flexibility.
Looking forward, Xometry’s management remains optimistic about continued growth momentum, projecting revenue growth of 18-19% for the third quarter of 2025. The company plans to focus on expanding its marketplace and enhancing supplier services, while also anticipating improvements in profitability as it scales its operations.