Slide 1: Leading the Future of Manufacturing
Leading the Future of Manufacturing Q4 2025 Earnings Presentation February 24, 2026 © 2026 Xometry, Inc. and/or i ts affilia tes. All rights reserved. Confidential .
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company’s future results of operations, financial position and cash flows, expectations regarding its growth
Slide 3: Rapid Growth, Digitizing and Transforming Manufacturing
Rapid Growth, Digitizing and Transforming Manufacturing $687M $269M $18.5M 81K+ ~5K FY 2025 FY 2025 FY 2025 Q4 2025 Active FY 2025 Active Revenue Gross Profit Adj. EBITDA Buyers1 Suppliers2 → Q4 2025 → Q4 2025 → Q4 2025 Adj. → Large, rapidly → Leading global Revenue Gross Profit EBITDA $8.4M growing
Slide 4: Q4 2025 Results and Financial Highlights
Q4 2025 Results and Financial Highlights Strong Q4 2025 Financial Progress on Key Growth Financial Highlights Performance Initiatives Record revenue of $192M +30% YoY Expanding networks of Buyers and Suppliers Active Strong durable growth outlook given driven by 33% Marketplace revenue Buyers +20% i
Slide 5: Significant Growth at Scale
Annual Revenue Quarterly Revenue $ in millions $ in millions $687 $192 $546 $6 30 $149 $178 $463 Significant $381 $39 5 $486 $135 Growth at $30 3 Scale FY 2022 FY 2023 FY 2024 FY 2025 Q4 2024 Q4 2025 → $687M FY25 Total Revenue, +26% YoY → $192M Q4 2025 Total Revenue, +30% YoY → $630M FY25 Marketplac
Slide 6: Large and Growing Marketplace of Buyers and Suppliers
Large and Growing Marketplace of Buyers and Suppliers Marketplace growth has been driven by efficiently matching Supplier capacity with Buyer demand Active Buyers1 Active Suppliers 2,3 +20% YoY +17% YoY 4,996 81,821 4,276 68,267 3,429 55,325 2,529 40,567 FY 2022 FY 2023 FY 2024 FY 2025 FY 2022 FY 20
Slide 7: Rapidly Growing International Revenue
Rapidly Growing International Revenue → Q4 International revenue growth of 34% YoY, 19% of Marketplace revenue. → Long-term target is for International to represent 30-40% of Marketplace revenue. International Expansion and Increasing Percentage of Marketplace Revenue EUROPE 2020 2020 2025 2024 EU H
Slide 8: Expanding Wallet Share
Accounts with LTM Spend Revenue from Existing of $50K or More1 Xometry Accounts 2 +18% YoY 1,760 Expanding 98% 96% 96% 97% 1,495 1,331 Wallet 1,027 Share, Sticky Buyer Base FY 2022 FY 2023 FY 2024 FY 2025 FY 2022 FY 2023 FY 2024 FY 2025 → Growth in Marketplace Accounts with LTM spend of at least $50
Slide 9: Strong Gross Profit Growth, Q4 Marketplace GP +36% YOY
Strong Gross Profit Growth, Q4 Marketplace GP +36% YOY $ in millions Annual Gross Profit and Margin Quarterly Gross Profit and Margin $269 $75.2 $216 $59.0 $178 $218 $63.0 +34% YoY +36% YoY $146 Marketplace Marketplace $163 $46.4 Gross Profit Gross Profit $121 $85.4 2022 2023 2024 2025 4Q24 4Q25 Mar
Slide 10: Strong Buyer Growth, Improving Advertising Efficiency
Strong Buyer Growth, Improving Advertising Efficiency Active Buyers1 Net Active Buyer Adds Advertising % of Marketplace Revenue 81,821 3,539 3,416 3,505 3,323 3,187 78,282 74,777 5.6% 5.6% 5.0% 5.2% 71,454 4.5% 68,267 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 → Q4 20
Slide 11: Strong Q4 2025 Operating Leverage
Strong Q4 2025 Operating Leverage Non-GAAP Expenses as % of Revenue Total Non-GAAP Sales and Operations and Product G&A1,2 Operating Expenses Marketing1,3 Support1,3 Development1,3 44.6 % 41.5% 39.1% 18.4% 36.5% 17.8% 34.8% 15.8% 15.8% 15.6% 9.5% 9.0% 8.9% 5.0% 11.7% 8.5% 8.1% 4.5% 4.3% 10.2% 10.1%
Slide 12: Strong Incremental Adj. EBITDA Margin of ~20%
Strong Incremental Adj. EBITDA Financial Margin of ~20% Drivers $ in millions → ~$600M annual Revenue Adj. EBITDA Operating Cash revenue run rate Flow delivered positive $687 Adj. EBITDA. $546 FY23 FY24 FY25 FY23 FY24 FY25 $463 $6.1 → As we scale to $1B $18.5 in revenue, expect incremental Adj EBITD
Slide 13: Raising FY2026 Outlook
Raising FY2026 Outlook Q1 2026 FY 2026 → For Q1 2026, expect revenue of → For FY 2026, we expect revenue $187-$189 million, representing growth of at least 21% driven by 24–25% growth year-over-year at least 23% marketplace growth. driven by 27-28% marketplace → For FY 2026, we expect growth. increm
Slide 14: Appendix
Appendix 14 © 2026 Xometry, Inc. and/or i ts affilia tes. All rights reserved. Confidential .
Slide 15: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation $ in thousands 1. Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations. 2. Represents the non-cash expense related to stock-ba
Slide 16: Reconciliation of Non-GAAP Operating Expenses – Sales and Marketing
Reconciliation of Non-GAAP Operating Expenses – Sales and Marketing $ in thousands 1. Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations. 2. Represents the
Slide 17: Reconciliation of Non-GAAP Operating Expenses – Operations and Support
Reconciliation of Non-GAAP Operating Expenses – Operations and Support $ in thousands 1. Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations. 2. Represents
Slide 18: Reconciliation of Non-GAAP Operating Expenses – Product Development
Reconciliation of Non-GAAP Operating Expenses – Product Development $ in thousands 1. Represents dep reciation expense of the Co mpany’s long-lived tangible assets and amortiz ation expense of its finite-lived intangible assets, as included in th e Co mpany’s GAAP results of operations. 2. Rep resen
Slide 19: Reconciliation of Non-GAAP Operating Expenses – General and Administrative
Reconciliation of Non-GAAP Operating Expenses – General and Administrative $ in thousands 1. Represents depreciation expense of the Co mpany’s long-lived tan gible assets and amortiz ation expense of its finite-lived intangible assets, as included in the Co mpany’s GAAP results of operations. 2. Rep
Slide 20: Reconciliation of Non-GAAP Cost of Revenue
Reconciliation of Non-GAAP Cost of Revenue $ in thousands 1. Represents deprec iation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations. © 2026 Xometry, Inc. and/or i ts affilia