Xometry (XMTR) AI Stock Analysis

• Market Cap: $2.59B
• Dividend Yield: N/A
• Average Volume (3M): 967.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.56
• Revenue Growth: 20.19%
• EPS Growth: -12.34%
• Country: US
• Employees: 1,088
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.09
• Shares Outstanding: 49,339,040
• 10 Day Avg. Volume: 756,016
• 30 Day Avg. Volume: 967,851
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.70
• Enterprise Value/Revenue: 3.02
• Enterprise Value/Gross Profit: 7.71
• Enterprise Value/Ebitda: -45.01
• 1Y Price Target: $48.38
• Price Target Upside: -5.06% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 54 Neutral
• Price Target: $48.00 ▼(-5.81% Downside)

Xometry's overall score is primarily driven by its strong earnings call performance, showcasing robust revenue growth and technological advancements. However, significant financial challenges and valuation concerns weigh heavily on the score. The technical analysis indicates positive momentum, but potential overbought conditions could pose risks.

Positive Factors

Revenue Growth

Strong revenue growth of 23% YoY indicates robust demand for Xometry's services, supporting long-term market position and expansion potential.

AI and Technology Advancements

Technological advancements in AI enhance operational efficiency and customer experience, strengthening Xometry's competitive edge in digital manufacturing.

Convertible Debt Refinancing

Refinancing convertible debt improves financial terms and extends maturity, enhancing financial flexibility and reducing near-term liquidity risks.

Negative Factors

High Leverage

High leverage poses financial risks, limiting flexibility and increasing vulnerability to economic downturns, impacting long-term stability.

Cash Flow Challenges

Negative cash flow growth indicates struggles in cash generation, necessitating improvements to sustain operations and reduce reliance on external financing.

Profitability Concerns

Ongoing profitability issues with negative margins highlight operational challenges, requiring cost structure improvements for sustainable growth.

Xometry Business Overview & Revenue Model

Company Description

Xometry, Inc. operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling. In addition, it provides other services comprising urethane and die casting, vapor smoothing, finishing, rapid prototyping, high- volume production, and assembly services. The company offers its products under the Allied Machine & Engineering, Brubaker, HTC, OSG, Kyocera, Mitsubishi Materials, SOWA, Viking Drill & Tool, Dauphin, and Sandvik brands. It serves aerospace and defense, automotive, consumer products, product designers, education, electronic and semiconductors, energy, hardware startups, industrial, medical and dental, robotics, and supply chain and purchasing industries. The company was formerly known as NextLine Manufacturing Corp. and changed its name to Xometry, Inc. in June 2015. Xometry, Inc. was incorporated in 2013 and is headquartered in Derwood, Maryland.

How the Company Makes Money

Xometry generates revenue through its transaction-based model, earning money by taking a commission on each order placed through its platform. Key revenue streams include customer payments for manufactured parts and services, which are facilitated by the company's proprietary software that provides instant pricing and lead times. Additionally, Xometry offers subscription services for manufacturers to gain access to enhanced features and tools on the platform. Significant partnerships with various manufacturing facilities and industry leaders further bolster its earnings by expanding its service offerings and enhancing its network capabilities.

Xometry Financial Statement Overview

Summary

Xometry faces significant financial challenges with moderate revenue growth but ongoing profitability and cash flow issues. High leverage and negative returns on equity further highlight financial instability.

Income Statement

Xometry's income statement shows moderate revenue growth with a 5.22% increase in TTM, but profitability remains a concern. The company has a negative net profit margin of -10.20% and negative EBIT and EBITDA margins, indicating ongoing operational challenges. While gross profit margin is relatively healthy at 39.15%, the company needs to address its cost structure to improve overall profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.24, indicating significant leverage which could pose financial risks. Return on equity is negative at -20.36%, reflecting ongoing losses. The equity ratio stands at 39.37%, suggesting a moderate level of equity financing. Overall, the balance sheet highlights financial instability and potential risks due to high leverage.

Cash Flow

Cash flow analysis shows challenges with negative free cash flow growth of -22.95% in TTM and a low operating cash flow to net income ratio of 0.02. The free cash flow to net income ratio is significantly negative, indicating cash flow issues. The company needs to improve cash generation to support its operations and reduce reliance on external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	603.76M	545.53M	463.41M	381.05M	218.34M	141.41M
Gross Profit	236.35M	215.62M	178.26M	147.57M	57.14M	33.29M
EBITDA	-40.51M	-28.20M	-52.30M	-59.53M	-55.88M	-25.83M
Net Income	-61.60M	-50.40M	-67.47M	-79.06M	-61.38M	-31.09M
Balance Sheet
Total Assets	687.04M	680.13M	707.39M	736.92M	502.59M	88.96M
Cash, Cash Equivalents and Short-Term Investments	225.79M	239.84M	268.78M	319.43M	116.73M	59.87M
Total Debt	334.92M	295.14M	299.52M	302.32M	22.47M	17.90M
Total Liabilities	415.52M	364.53M	376.97M	362.09M	77.10M	39.50M
Stockholders Equity	270.40M	314.45M	329.30M	373.74M	424.45M	49.46M
Cash Flow
Free Cash Flow	-20.51M	-33.48M	-48.36M	-76.22M	-74.83M	-26.24M
Operating Cash Flow	1.30M	-15.38M	-29.88M	-62.58M	-68.57M	-22.05M
Investing Cash Flow	-11.84M	-20.18M	16.81M	15.14M	-212.75M	6.67M
Financing Cash Flow	4.89M	4.64M	1.07M	280.97M	307.77M	35.26M

Xometry Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 50.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XMTR, the sentiment is Positive. The current price of 50.96 is above the 20-day moving average (MA) of 48.60, above the 50-day MA of 41.31, and above the 200-day MA of 33.85, indicating a bullish trend. The MACD of 2.51 indicates Positive momentum. The RSI at 60.34 is Neutral, neither overbought nor oversold. The STOCH value of 69.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for XMTR.

Xometry Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HLIO	73 Outperform	$1.80B	51.81	3.93%	0.66%	-5.41%	17.47%
SXI	69 Neutral	$2.46B	43.98	8.37%	0.63%	9.64%	-24.68%
TNC	64 Neutral	$1.50B	25.26	9.51%	1.46%	-0.38%	-44.93%
Sector *	63 Neutral	$10.74B	15.33	7.44%	2.00%	2.86%	-14.57%
HI	55 Neutral	$1.73B	―	-1.50%	3.66%	-7.93%	91.44%
XMTR	54 Neutral	$2.59B	―	-21.02%	―	20.19%	-12.34%
KRNT	44 Neutral	$654.53M	―	-1.51%	―	5.53%	75.65%

Xometry Corporate Events

Xometry Holds 2025 Annual Stockholders Meeting

Xometry, Inc. held its 2025 Annual Meeting of Stockholders on June 18, 2025, where stockholders voted on three key proposals. The stockholders elected a Class I director to serve until 2028, approved the compensation of the company’s named executive officers, and ratified Deloitte and Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. These decisions reflect the company’s ongoing governance practices and commitment to maintaining transparency and accountability in its operations.

Xometry Announces $225M Convertible Notes Offering

On June 9, 2025, Xometry announced a proposed $225 million offering of Convertible Senior Notes due 2030 in a private placement. The proceeds from this offering are expected to be used for capped call transactions, repurchasing shares of Xometry’s Class A common stock, and repurchasing a portion of its outstanding 2027 notes. This strategic move aims to manage potential dilution, optimize capital structure, and potentially enhance market positioning, though it carries inherent market risks and uncertainties.