Business
Xometry Reports Record Second Quarter 2026 Results
Xometry Reports Record Second Quarter 2026
About this update from Xometry, Inc.
Q2 revenue increased 41% year-over-year to a record $229 million, driven by robust marketplace growth.Q2 marketplace revenue growth accelerated to 45% year-over-year, driven by expanding networks of buyers and suppliers and increasing wallet share.Q2 gross profit increased 34% year-over-year to a record $87.2 million, driven by strong marketplace growth.Q2 Adjusted EBITDA improved $10.2 million year-over-year to Adjusted EBITDA of $14.1 million, driven by strong marketplace gross profit growth and significant operating expense leverage.Strong operating results were driven by consistent execution across growth initiatives: establishing Xometry as the infrastructure for custom manufacturing, improving our AI-native marketplace experiences, expanding buyer and supplier networks, deepening enterprise engagement and leveraging services opportunities. NORTH BETHESDA, Md., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global AI-native marketplace connecting buyers and suppliers of custom manufacturing, today announced its financial results for the second quarter ended June 30, 2026. “Our product-led growth strategy drove record results in the second quarter, accelerating marketplace growth to 45% year-over-year. We further improved our proprietary AI models and marketplace experience, driving strong buyer growth and increasing wallet share in larger accounts,” said Sanjeev Singh Sahni, CEO at Xometry. “We continue to strengthen Xometry’s position as the infrastructure for custom manufacturing. This foundation is enabling us to rapidly penetrate the vast, fragmented offline market and accelerate our market share gains.” “Revenue growth accelerated for the fourth quarter in a row in Q2. This accelerating top line was paired with yet another quarter of improved adjusted EBITDA profit margins, up 380 points year-over-year to 6.2%,” said James Miln, CFO at Xometry. “Our successful equity offering in June further strengthened our balance sheet, ending Q2 with $517 million in cash and cash equivalents.”Second Quarter 2026 Financial HighlightsTotal revenue for the second quarter of 2026 was $229 million, an increase of 41% year-over-year.Marketplace revenue for the second quarter of 2026 was $215 million, an increase of 45% year-over-year.Marketplace Active Buyers increased 20% from 74,777 as of June 30, 2025 to 89,557 as of June 30, 2026.Marketpla...