Within the first quarter of 2025, Xometry reported record-breaking quarterly income of $151 million, a 23% enhance in comparison with Q1 of final yr. This efficiency displays sturdy demand from U.S. enterprises and continued world enlargement, fueled by the scalability of Xometry’s digital sourcing platform and strategic progress in superior manufacturing applied sciences, notably 3D printing and additive manufacturing.
A key factor of Q1 2025 progress for Xometry lies within the market phase, which generated $136 million in income, up 27% yr over yr. This acceleration, a full 700 foundation factors over This autumn 2024, reveals enterprise consumers’ rising belief in Xometry’s agile and clever manufacturing options. Lively consumers on the platform surged 22% to over 71,000 by March 31, 2025, highlighting the speedy adoption of digital procurement options that supply velocity, flexibility, and price effectivity.
Xometry’s total gross revenue climbed 18% to $56.3 million. The corporate’s marketplace-specific gross revenue noticed a virtually parallel rise of 26%, displaying that margin enlargement is retaining tempo with topline progress. These good points translate into a transparent path towards monetary sustainability, notably as Xometry reported an Adjusted EBITDA of $0.1 million, up $7.5 million in comparison with Q1 of 2024. This notable swing marks a key milestone, as Xometry strikes nearer to constant profitability whereas persevering with to put money into scaling operations.
Xometry’s continued push into additive manufacturing stays a cornerstone of its service choices. These applied sciences are integral to the moment quoting programs that type the spine of Xometry’s worth proposition. Clients profit from speedy, cost-effective prototyping and low-volume manufacturing enabled by additive manufacturing, and Xometry’s market is positioned to capitalize on this rising development. Integrating AI into sourcing algorithms additional streamlines the method, making it simpler for consumers to attach with suppliers providing cutting-edge 3D printing, CNC machining, and injection molding capabilities.
In Q1, Xometry expanded its technological attain in Europe by launching Instantaneous Quoting for Injection Molding, a transfer that broadens the spectrum of elements and supplies accessible to worldwide consumers. Mixed with enhancements like the discharge of Accomplice Success Rating 3.0 and enhancements in its Workcenter platform, the corporate is constructing a stronger, extra clever ecosystem for each suppliers and clients. These initiatives replicate a twin technique: optimizing the customer expertise whereas deepening provider engagement, that are important for sustained market progress.
Cybersecurity additionally took heart stage as Xometry earned the CMMC Stage 2 certification, reaffirming its standing as a safe and dependable companion for shoppers within the aerospace and protection industries. In extremely regulated sectors, belief and compliance are non-negotiable. This certification meets and exceeds the rigorous necessities anticipated of suppliers in these domains.
Nevertheless, not all areas noticed good points. Provider companies income declined 6% year-over-year to $14.6 million. This minor dip, whereas noteworthy, doesn’t detract from the overarching momentum generated by {the marketplace}. Xometry’s focus clearly stays on driving enterprise engagement, increasing internationally, and investing in platform innovation, all of which promise stronger provider companies efficiency within the coming quarters.
Whereas the corporate posted a internet lack of $15.1 million for Q1 2025, this determine consists of vital non-cash bills similar to $7.3 million in stock-based compensation and $4.2 million in depreciation and amortization. Adjusting for these, Xometry’s Non-GAAP internet earnings stood at $0.8 million, a pointy turnaround from the $5.7 million loss recorded in the identical interval final yr.
With $231 million in money, money equivalents, and marketable securities, Xometry is well-capitalized to pursue its bold 2025 initiatives. These embrace scaling purchaser and provider networks, deepening enterprise relationships, enhancing {the marketplace} expertise, and rising worldwide operations, that are anticipated to spice up additional the corporate’s footprint within the additive manufacturing area.
