Record Revenue Growth
Q3 2025 revenue increased by 28% year-over-year to $181 million, with marketplace revenue growth accelerating to 31% year-over-year.
Marketplace Gross Margin Improvement
Marketplace gross margin increased by 210 basis points year-over-year to 35.7% in Q3, driven by AI-powered pricing and selection algorithms.
Strong Active Buyer Growth
Active buyers increased 21% year-over-year to 78,282, with marketplace revenue per active buyer up 9% year-over-year.
Positive Adjusted EBITDA
Q3 adjusted EBITDA was $6.1 million, an improvement of $6.8 million year-over-year, demonstrating strong operating leverage.
New Product Launches
Launch of auto-quoting for injection molding services in the U.S. and Europe, and a new Workcenter mobile app to enhance supplier engagement.
Increased Revenue Guidance
Raised full-year 2025 revenue growth outlook, with expectations of strong secular growth continuing into 2026.