Xometry (Nasdaq: XMTR) is coming into 2025 with momentum. The corporate delivered file quarterly income and narrowed its losses, exhibiting progress towards profitability. Extra importantly, for these watching the way forward for digital manufacturing, its market—house to a variety of customized manufacturing processes, together with 3D printing—is rising sooner than ever. Whereas Xometry as an entire remains to be shedding cash based mostly on its reported outcomes, its foremost platform retains rising and enhancing, slowly pushing the corporate nearer to creating regular earnings.
Within the first quarter of 2025, Xometry’s whole income rose 23% year-over-year to $151 million. Most of this was powered by its AI-driven market, which grew income by 27% to $136 million. Xometry lower its losses in Q1 however nonetheless ended the quarter within the crimson, reporting a internet lack of $15.1 million—an enchancment from the $16.6 million loss it posted in the identical quarter final 12 months.
What About 3D Printing?
For the additive manufacturing sector, Xometry stays one of the accessible platforms to supply 3D printing work. Its market consists of numerous 3D printing applied sciences, together with FDM, SLS, DMLS, PolyJet, SLA, MJF, and binder jetting. These are listed alongside different manufacturing processes like CNC machining, injection molding, and sheet metallic forming.
The corporate doesn’t get away particular income from 3D printing, nevertheless it stays one of many key classes in its portfolio. In truth, Xometry launched prompt quoting for injection molding in Europe this quarter, and the corporate has hinted that extra quoting classes—together with additive manufacturing—are on the roadmap for future growth.
Given Xometry’s AI-powered matching system and international community of 4,375 energetic suppliers, 3D printing continues to learn from broader traits on the platform, particularly by way of velocity, entry to consumers, and worldwide attain.
Analysts word {that a} large a part of Xometry’s enterprise entails prototyping, an space the place 3D printing is closely used. For instance, Cantor Fitzgerald’s Troy Jensen identified that Xometry stays “extremely uncovered to prototyping functions,” suggesting that lots of its transactions are nonetheless tied to low-volume, fast-turnaround jobs, which are sometimes greatest served by additive processes. Nevertheless, this, he warns, poses a threat. In his newest analysis word, he wrote that this will likely be a power when demand is excessive, however a vulnerability when macroeconomic situations shift or corporations delay early-stage R&D work.
William Blair’s lead manufacturing analyst, Brian Drab, sees it in another way, emphasizing the long-term progress potential of Xometry’s mannequin. Whereas not specializing in 3D printing particularly, Drab is extra optimistic in regards to the firm’s “means to scale and deepen enterprise relationships,” which may assist transfer the enterprise past simply prototyping work.
Repeat Enterprise
In the meantime, Xometry’s purchaser base is rising, with 71,454 energetic consumers reported in Q1 2025, representing a 22% enhance from final 12 months. Many of those are enterprise clients. The variety of accounts spending over $50,000 previously 12 months rose 12% from a 12 months earlier.
That is excellent news for suppliers providing 3D printing, particularly as Xometry works to maintain consumers coming again. As clients spend extra and get entry to extra companies, 3D printing has extra possibilities to remain helpful for quick, inexpensive prototyping.
Xometry Integrates Teamspace Collaboration Device Into Its AI-Powered Market. Picture courtesy of GlobeNewsWire.
Xometry’s market is rising, however its provider companies enterprise, like promoting and subscriptions by way of Thomasnet, noticed a 6% drop in income this quarter. Regardless of the decline, the phase stays extremely worthwhile, with an 89% gross margin. Nonetheless, it’s going through challenges attributable to modifications in digital advert spending and shifting priorities amongst small producers.
The corporate additionally underwent a restructuring in March 2025, slicing its workforce by 5% to enhance effectivity and realign sources. Xometry recorded a $1.5 million restructuring cost, with the financial savings anticipated to go towards new applied sciences for automation and scaling.
What Comes Subsequent?
Xometry raised its market progress outlook for the full-year 2025 to at the very least 22%, up from its earlier estimate of 20%. Provider companies are anticipated to say no about 5%, however the firm nonetheless anticipates adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) profitability for the total 12 months.
For the 3D printing business, Xometry’s continued growth, particularly in Europe and Asia-Pacific, means extra international visibility for additive processes. As prompt quoting expands and enterprise demand rises, additive manufacturing will doubtless stay a key element of how Xometry delivers on its “manufacturing-as-a-service” imaginative and prescient.
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