Business
Xometry Reports First Quarter 2025 Results
Q1 revenue increased 23% year-over-year to a record $151 million driven by robust marketplace growth.Q1 marketplace revenue increased 27% year-over-year, a
About this update from Xometry, Inc.
[{"type":"text","content":"Q1 revenue increased 23% year-over-year to a record $151 million driven by robust marketplace growth.Q1 marketplace revenue increased 27% year-over-year, a 700 basis point acceleration from Q4 2024, driven by strong U.S. enterprise growth.Q1 gross profit increased 18% year-over-year to $56.3 million.Q1 marketplace gross profit increased 26% year-over-year.Q1 Adjusted EBITDA improved $7.5 million year-over-year to Adjusted EBITDA of $0.1 million.2025 growth initiatives include: expanding buyer and supplier networks; driving deeper enterprise engagement; further expanding the marketplace platform; growing internationally and enhancing supplier services. NORTH BETHESDA, Md., May 06, 2025 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace digitizing manufacturing and driving greater supply chain resiliency, today announced financial results for the first quarter ended March 31, 2025. “Our AI powered marketplace continues to gain significant share, deliver record revenue and strong enterprise growth,” said Randy Altschuler, Xometry’s CEO. “Customers are increasingly turning to Xometry to procure manufacturing as our marketplace was purpose-built to provide sourcing options domestically and in 50 countries across the world.” “In Q1, we delivered strong marketplace revenue growth and positive Adjusted EBITDA,” said James Miln, Xometry’s CFO. “As our marketplace continues to grow, it drives increasing operating leverage demonstrated by our $7.5 million year-over-year improvement in Adjusted EBITDA.” First Quarter 2025 Financial Highlights Marketplace revenue for the first quarter of 2025 was $136 million, an increase of 27% year-over-year.Marketplace Active Buyers increased 22% from 58,504 as of March 31, 2024 to 71,454 as of March 31, 2025.Marketplace Accounts with Last Twelve-Months Spend of at least $50,000 increased 12% from 1,381 as of March 31, 2024 to 1,545 as of March 31, 2025.Supplier services revenue for the first quarter of 2025 was $14.6 million, a decrease of 6% year-over-year.Net loss attributable to common stockholders for the first quarter of 2025 was $15.1 million, a decrease of $1.5 million year-over-year. Net loss for the first quarter of 2025 included $7.3 million of stock-based compensation, $1.5 million of payroll tax expense related to stock-based compensation, $4.2 million of depre...