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Sep 30, 2024
Xometry Q3 2024 Earnings Report
Xometry achieved record revenues, gross profit, and marketplace gross margin, driven by AI-powered marketplace and strong marketplace growth.
Key Takeaways
Xometry reported a record-setting quarter with Q3 2024 revenue increasing by 19% year-over-year to $142 million, driven by a 24% increase in marketplace revenue. The company also achieved record gross profit and marketplace gross margin, with Adjusted EBITDA loss improving by 85% year-over-year.
Q3 revenue increased 19% year-over-year to a record $142 million driven by marketplace growth of 24% year-over-year.
Q3 gross profit increased 21% year-over-year to a record $55.8 million.
Q3 marketplace gross margin increased 250 basis points year-over-year to a record 33.6%.
Q3 Adjusted EBITDA improved 85% year-over-year to a loss of $0.6 million, representing a record low 0.4% of revenue.
Forward Guidance
Xometry expects revenue between $145 million and $147 million and to be slightly Adjusted EBITDA profitable in Q4 2024.
Positive Outlook
- Expect to be slightly Adjusted EBITDA profitable in Q4 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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