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Dec 31, 2024
Xometry Q4 2024 Earnings Report
Xometry's Q4 2024 financial results were reported, showcasing record revenue and gross profit, driven by marketplace growth and AI technology.
Key Takeaways
Xometry reported a 16% increase in Q4 revenue year-over-year, reaching a record $149 million. Marketplace revenue grew by 20% year-over-year, and gross profit increased by 20% to $59.0 million. The company also achieved positive Adjusted EBITDA of $1.0 million.
Q4 revenue increased 16% year-over-year to a record $149 million, driven by marketplace growth of 20%.
Q4 gross profit increased 20% year-over-year to a record $59.0 million.
Marketplace gross margin increased 320 basis points year-over-year to a record 34.5%.
Adjusted EBITDA improved $3.9 million year-over-year to a profit of $1.0 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Xometry expects revenue between $147 and $149 million for Q1 2025, representing 20-21% growth year-over-year. They also anticipate being Adjusted EBITDA positive for the full year 2025.
Positive Outlook
- Expect revenue of $147-$149 million for Q1 2025, representing 20-21% growth year-over-year.
- Includes an unfavorable foreign exchange impact of approximately $1.0 million.
- Expect Adjusted EBITDA loss of approximately $1.5 million for Q1 2025, an improvement of approximately $6.0 million from Q1 2024.
- Expect total revenue growth to exceed revenue growth in 2024.
- Expect marketplace revenue growth of at least 20% year-over-year.
Challenges Ahead
- Expect supplier services revenue to be down approximately 5-10% year-over-year.
- First quarter and full year 2025 financial outlook is based on a number of assumptions that are subject to change.
- Actual results may vary from these assumptions.
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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