Xometry (XMTR) AI Stock Analysis

• Market Cap: $1.56B
• Dividend Yield: N/A
• Average Volume (3M): 718.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.66
• Revenue Growth: 19.35%
• EPS Growth: 27.83%
• Country: US
• Employees: 1,088
• Sector: Industrials
• Sector Strength: 85
• Industry: Industrial - Machinery
• EPS (TTM): 0.02
• Shares Outstanding: 49,201,344
• 10 Day Avg. Volume: 911,251
• 30 Day Avg. Volume: 718,756
• PEG Ratio: -0.75
• Price to Book (P/B): 4.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.94
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 6.80
• Enterprise Value/Ebitda: -12.15
• 1Y Price Target: $35.33
• Price Target Upside: 15.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 47 Neutral
• Price Target: $30.00 ▼(-2.25%Downside)

Xometry's overall stock score is primarily influenced by its financial performance and valuation. While the company shows strong revenue growth, ongoing profitability and cash flow issues weigh heavily on its score. Technical analysis also suggests caution, with mixed signals and bearish short-term sentiment. The overall score reflects these challenges and limited attractiveness from a valuation perspective.

Positive Factors

Financial Performance

Shares increased more than 10% after Xometry reported first-quarter revenue and adjusted EBITDA above expectations.

Growth Potential

Xometry is in the early stages of capitalizing on growth opportunities such as AI-powered instant quote engine and international market penetration.

Market Positioning

Xometry is well positioned to gain share as an increasing percentage of the custom manufacturing TAM is expected to shift online, similar to that of e-commerce.

Negative Factors

Competition

Fictiv has been acquired by a large group, which could increase competition for Xometry due to enhanced resources and capabilities.

Financial Estimates

The revised second-quarter adjusted EBITDA estimate is lower than previously forecasted.

Partner Network

One major difference between Fictiv and Xometry is the concentration of partners, with Fictiv having many partners in China, whereas Xometry's more dispersed network could pose challenges in certain markets.

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 makes money primarily through its digital marketplace platform, where it earns revenue by facilitating transactions between buyers and manufacturers. The company charges a service fee on each transaction, which varies based on the complexity and scope of the manufacturing project. Additionally, Xometry offers subscription plans for manufacturers to access premium tools and features, enhancing their visibility and access to more business opportunities. Key partnerships with major companies and integration with popular CAD software also contribute to Xometry's revenue by expanding its user base and market reach. The combination of transaction fees, subscription services, and strategic partnerships forms the backbone of Xometry's revenue model.

Xometry Financial Statement Overview

Summary

Xometry demonstrates strong revenue growth but struggles with profitability and cash flow issues. While the balance sheet is stable, the company continues to face challenges in achieving positive margins and operational cash flow.

Income Statement

Xometry has shown consistent revenue growth, with a TTM revenue increase of 5.18% compared to the previous year, and an impressive growth trajectory over the past few years. However, the company continues to face profitability challenges with negative net income and EBIT margins, which have improved slightly but remain a concern.

Balance Sheet

The company's debt-to-equity ratio is moderate, reflecting a balanced approach to leveraging. However, the significant decline in stockholders' equity and the persistent losses impact the return on equity, which remains negative. The equity ratio stands at a relatively healthy level, indicating stability in asset management.

Cash Flow

Xometry's cash flow performance is mixed, with negative operating and free cash flows, indicating ongoing cash burn. There is a slight improvement in the free cash flow position, but the company needs to address the underlying cash flow issues to strengthen its financial health.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
573.81M	545.53M	463.41M	381.05M	218.34M	141.41M
	Gross Profit
221.07M	215.62M	178.26M	147.57M	57.14M	33.29M
	EBIT
-53.68M	-56.15M	-73.58M	-73.23M	-58.69M	-27.62M
	EBITDA
-29.02M	-28.20M	-52.30M	-59.53M	-55.88M	-25.83M
	Net Income Common Stockholders
-48.86M	-50.40M	-67.47M	-76.01M	-59.41M	-31.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
231.38M	239.84M	268.78M	319.43M	116.73M	59.87M
	Total Assets
690.11M	680.13M	707.39M	736.92M	502.59M	88.96M
	Total Debt
293.91M	295.14M	299.52M	302.32M	22.47M	17.90M
	Net Debt
278.40M	272.90M	246.09M	-17.11M	-63.79M	-41.98M
	Total Liabilities
379.08M	364.53M	376.97M	362.09M	77.10M	39.50M
	Stockholders Equity
309.90M	314.45M	329.30M	373.74M	424.45M	49.46M
Cash Flow		Free Cash Flow
-26.59M	-33.48M	-48.36M	-76.22M	-74.83M	-26.24M
	Operating Cash Flow
-7.34M	-15.38M	-29.88M	-62.58M	-68.57M	-22.05M
	Investing Cash Flow
-26.79M	-20.18M	16.81M	15.14M	-212.75M	6.67M
	Financing Cash Flow
3.92M	4.64M	1.07M	280.97M	307.77M	35.26M

Xometry Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 30.69 is below the 20-day moving average (MA) of 33.57, above the 50-day MA of 29.22, and above the 200-day MA of 28.28, indicating a neutral trend. The MACD of 0.38 indicates Positive momentum. The RSI at 45.72 is Neutral, neither overbought nor oversold. The STOCH value of 11.47 is Positive, 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
SXI	70 Outperform	$1.88B	30.85	9.29%	0.84%	2.67%	-18.41%
TNC	69 Neutral	$1.39B	20.86	11.04%	1.59%	1.35%	-40.63%
HLIO	68 Neutral	$1.12B	30.04	4.27%	1.10%	-5.39%	12.14%
Sector *	66 Neutral	$4.49B	12.22	5.40%	3.71%	4.17%	-11.97%
KRNT	53 Neutral	$932.84M	―	-1.15%	―	3.05%	84.62%
HI	50 Neutral	$1.45B	―	-18.22%	4.38%	0.31%	-423.59%
XMTR	47 Neutral	$1.56B	―	-15.50%	―	19.35%	27.83%

Xometry Corporate Events

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.

The most recent analyst rating on (XMTR) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Xometry stock, see the XMTR Stock Forecast page.

Xometry COO Peter Goguen to Depart by June 30

On May 27, 2025, Xometry, Inc. announced that its Chief Operating Officer, Peter Goguen, will be leaving the company effective June 30, 2025. In accordance with his employment agreement, Mr. Goguen will receive payments and benefits upon his departure, contingent upon his compliance with certain conditions including a general release and waiver of claims.

The most recent analyst rating on (XMTR) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Xometry stock, see the XMTR Stock Forecast page.