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Xometry Q1 2025 Earnings Report
Xometry reported strong first quarter 2025 results with significant revenue growth and improved profitability.
Key Takeaways
Xometry, Inc. announced strong financial results for the first quarter ended March 31, 2025, with total revenue increasing 23% year-over-year to a record $151 million, driven by robust marketplace growth. The company achieved positive Adjusted EBITDA of $0.1 million, a significant improvement from the previous year.
Q1 revenue increased 23% year-over-year to a record $151 million.
Q1 marketplace revenue increased 27% year-over-year, accelerating from Q4 2024.
Adjusted EBITDA improved by $7.5 million year-over-year to $0.1 million.
Marketplace Active Buyers increased 22% to 71,454 as of March 31, 2025.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For Q2 2025, Xometry expects revenue of $155-$157 million, representing 17-18% growth year-over-year, and anticipates Adjusted EBITDA of approximately $1.0-2.0 million. For the full year 2025, the company is raising its marketplace growth outlook to at least 22% and expects to be Adjusted EBITDA positive.
Positive Outlook
- Q2 2025 revenue expected to be $155-$157 million, representing 17-18% growth year-over-year.
- Q2 2025 Adjusted EBITDA expected to be approximately $1.0-2.0 million, an improvement from a $2.6 million loss in Q2 2024.
- Full year 2025 marketplace growth outlook raised from at least 20% to at least 22%.
- Full year 2025 expected to be Adjusted EBITDA positive.
- Continued focus on expanding buyer and supplier networks and driving deeper enterprise engagement.
Challenges Ahead
- Supplier services revenue for the full year 2025 is expected to be down approximately 5% year-over-year.
- Forward-looking statements are subject to change and many assumptions are outside of Xometry's control.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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