Slide 1: Leading the Future of Manufacturing
Leading the Future of Manufacturing Q3 2025 Earnings Presentation November 4, 2025 © 2025 Xometry and/or its affiliates. All rights reserved. Proprietary.
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
$643M LTM Revenue → Q3 2025 Revenue increased +28% YoY → Q3 2025 Marketplace growth +31% YoY 78K+ Q3 2025 Active Buyers1 Rapid Growth, $253M LTM Gross Profit → Large, rapidly growing, diverse Buyers Active Buyers +21% YoY Digitizing and → → Q3 2025 Gross Profit +29% YoY Transforming → Q3 2025 Market
Slide 4: Q3 2025 Results and Financial Highlights
Q3 2025 Results and Financial Highlights Strong Q3 2025 Financial Progress on Key Growth Financial Highlights Performance Initiatives Record revenue of $181M +28% YoY Expanding networks of Buyers and Suppliers Strong durable growth outlook driven by 31% Marketplace revenue with Active Buyers +21% in
Slide 5: Significant Growth at Scale
Annual Revenue Quarterly Revenue $ in millions $ in millions $546 $181 $463 $142 $167 $486 Significant $381 $395 $127 Growth at $303 Scale FY 2022 FY 2023 FY 2024 Q3 2024 Q3 2025 → $546M FY24 Total Revenue, +18% YoY → $181M Q3 2025 Total Revenue, +28% YoY → $486M FY24 Marketplace Revenue, +23% YoY →
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 Suppliers2 +21% YoY +28% YoY 78,282 4,375 68,267 64,851 55,325 3,429 40,567 2,529 FY 2022 FY 2023 FY 2024 Q3 2024 Q3 2025 FY 2022
Slide 7: Rapidly Growing International Revenue
Rapidly Growing International Revenue → Q3 International revenue growth of 23% YoY, 18% 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 2024 EU HQ: ASIA Mu
Slide 8: Expanding Wallet Share, Sticky Buyer Base
Accounts with LTM Revenue from Existing Spend of $50K or More1 Xometry Accounts2 +14% YoY 1,724 97% 98% 1,506 96% 96% 97% 1,495 1,331 Expanding 1,027 Wallet Share, Sticky Buyer Base FY 2022 FY 2023 FY 2024 Q3 2024 Q3 2025 FY 2022 FY 2023 FY 2024 Q3 2024 Q3 2025 → Growth in Marketplace Accounts with
Slide 9: Strong Gross Profit Growth, Q3 Marketplace GP +40% YOY
Strong Gross Profit Growth, Q3 Marketplace GP +40% YOY $ in millions Annual Gross Profit and Margin Quarterly Gross Profit and Margin $215 $72.0 $178 $55.8 $146 $59.5 $163 $121 $42.6 +34% YoY +40% YoY $85.4 Marketplace Gross Profit Marketplace Gross Profit 2022 2023 2024 3Q24 3Q25 Marketplace 28.2%
Slide 10: Strong Buyer Growth, Improving Advertising Efficiency
Strong Buyer Growth, Improving Advertising Efficiency Active Buyers1 Net Active Buyer Adds Advertising % of Marketplace Revenue 78,282 3,505 74,777 3,321 3,416 71,454 3,323 68,267 3,187 64,851 6.3% 5.6% 5.6% 5.0% 4.5% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 → Q3 20
Slide 11: Strong Q3 2025 Leverage
Strong Q3 2025 Leverage Non-GAAP Expenses as % of Revenue Total Non-GAAP Sales and Operations and Product G&A1,2,4 Operating Expenses Marketing1,3,4 Support1,4 Development1,4 50.1% 44.6% 41.5% 20.7% 40.0% 36.6% 18.4% 17.8% 17.3% 10.8% 12.6% 15.9% 11.7% 9.5% 6.0% 9.0% 10.2% 8.8% 9.8% 8.2% 9.1% 5.0% 4
Slide 12: Strong Incremental Adj. EBITDA Margin of 20%+
Strong Incremental Adj. EBITDA Financial Drivers Margin of 20%+ Revenue Adj. EBITDA → ~$600M annual revenue run rate delivered positive $ in millions $ in millions Adj. EBITDA. $546 $463 FY22 FY23 FY24 3Q24 3Q25 → Strong Adj EBITDA margin $381 $6.1 flow through of 20%+ above $600M. $(0.6) $(9.7) $14
Slide 13: Raising FY2025 Outlook
Raising FY2025 Outlook Q4 2025 FY 2025 → For Q4 2025, expect revenue of → For FY 2025, we are raising our $182-184M, representing 23-24% revenue guidance to $676-$678M. growth YoY. → For FY 2025, we are raising our Adj. → For Q4 2025, expect Adj. EBITDA of EBITDA guidance to $16-17M. $6-$7M, an impr
Slide 14: Appendix
Appendix © 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 14
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 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 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 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. Represe
Slide 20: Reconciliation of Non-GAAP Cost of Revenue
Reconciliation of Non-GAAP Cost of Revenue $ 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. © 2025 Xometry and/or its affiliates. All