{"id":174524,"date":"2026-05-07T13:39:57","date_gmt":"2026-05-07T11:39:57","guid":{"rendered":"https:\/\/xometry.eu\/en\/?post_type=press&#038;p=174524"},"modified":"2026-05-20T10:59:14","modified_gmt":"2026-05-20T08:59:14","slug":"xometry-q1-2026-financial-results-siemens-partnership","status":"publish","type":"press","link":"https:\/\/xometry.eu\/en\/press\/xometry-q1-2026-financial-results-siemens-partnership\/","title":{"rendered":"Xometry Reports Record First Quarter 2026 Results"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Q1 revenue increased 36% year-over-year to a record $205 million, driven by robust marketplace growth.<\/li>\n\n\n\n<li>Q1 marketplace revenue growth accelerated to 40% year-over-year, driven by expanding networks of buyers and suppliers and increasing wallet share.<\/li>\n\n\n\n<li>Q1 gross profit increased 39% year-over-year to a record $78.5 million, driven by strong marketplace growth and marketplace gross margin expansion.<\/li>\n\n\n\n<li>Q1 Adjusted EBITDA improved $10.4 million year-over-year to Adjusted EBITDA of $10.5 million, driven by expanding marketplace gross margin and strong operating expense leverage.<\/li>\n\n\n\n<li>Announced a new strategic partnership with\u00a0<a href=\"https:\/\/www.siemens.com\/en-us\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u>Siemens<\/u><\/a>, to embed Xometry\u2019s proprietary manufacturability, pricing, sourcing and execution intelligence directly within Siemens Xcelerator. Siemens is purchasing\u00a0approximately $50 million of Xometry Class A common stock, underscoring its conviction that AI-powered intelligence will define the next generation of industrial software.<\/li>\n\n\n\n<li>Strong operating results were driven by consistent execution across growth initiatives: expanding buyer and supplier networks, driving deeper enterprise engagement, further expanding the marketplace platform, growing internationally, and enhancing services offerings.<\/li>\n<\/ul>\n\n\n\n<p>NORTH BETHESDA, Md., May 07, 2026 (GLOBE NEWSWIRE) &#8212; &nbsp;<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xxyzilGO_lezmHV4ldFhTfaSM1k02jDM90TQJoghYnRVe_d0lv9hpRd8eOOqP6-AK1xbAUqVLxHhH0yndCRqRg==\" rel=\"noreferrer noopener\" target=\"_blank\">Xometry, Inc.<\/a>&nbsp;(NASDAQ: XMTR), the global AI-native marketplace connecting buyers and suppliers of custom manufacturing, today announced its financial results for the first quarter ended March 31, 2026.<\/p>\n\n\n\n<p>\u201cIn the first quarter, we delivered 36% revenue growth year-over-year, underscoring the strength of our marketplace innovation and expanding global network,\u201d said&nbsp;<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ejqbxp5NwXNcTCViltvDDr1rlwUAVcdRL4no6Ds1qdMXjX0x9_G0hLkSdGDy8zYCJlY8v0QkACXNcBTxToU29IcUuw-O8m-98_Dr4yAaO7VNDpDhjc74x3E0WZtr7BQpqVIg8aGGUd3Bnl6n-7UH3g==\" rel=\"noreferrer noopener\" target=\"_blank\"><u>Randy Altschuler, CEO at Xometry<\/u><\/a>. \u201cThis quarter marks a significant acceleration of marketplace growth, driven by increasing wallet share and rapid adoption of our supply chain solutions.\u201d<\/p>\n\n\n\n<p>\u201cWe delivered robust marketplace gross profit growth in Q1, which increased 53% year-over-year,\u201d said&nbsp;<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=h4HDUx1Ed88zP0P8Vdb9eW5xUHUPNIBjHRtxAnxuAwmIyHCb-Du4RGCQC6g_mItcmGs8WystoBNem8bwLm1rtUFk3gZMsAnUHxExVREnujYWIFynEFhnsm0udFeI4aCW\" rel=\"noreferrer noopener\" target=\"_blank\"><u>James Miln, CFO at Xometry<\/u><\/a>. \u201cOur Adjusted EBITDA improved by $10.4 million year-over-year to $10.5 million, reflecting the strong leverage in our marketplace model. We expect to continue to deliver 20% annual incremental Adjusted EBITDA margins as we rapidly scale to $1 billion in revenue.\u201d &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>First Quarter 2026 Financial Highlights<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total revenue for the first quarter of 2026 was $205 million, an increase of 36% year-over-year.<\/li>\n\n\n\n<li>Marketplace revenue for the first quarter of 2026 was $191 million, an increase of 40% year-over-year.<\/li>\n\n\n\n<li>Marketplace Active Buyers increased 20% from 71,454 as of March 31, 2025 to 85,581 as of March 31, 2026.<\/li>\n\n\n\n<li>Marketplace Accounts with Last Twelve-Months Spend of at least $50,000 increased 21% from 1,545 as of March 31, 2025 to 1,864 as of March 31, 2026.<\/li>\n\n\n\n<li>Services revenue for the first quarter of 2026 was $13.8 million, roughly flat quarter-over-quarter.\u00a0<\/li>\n\n\n\n<li>Net loss attributable to common stockholders for the first quarter of 2026 was $5.3 million.<\/li>\n\n\n\n<li>Adjusted EBITDA for the first quarter of 2026 was $10.5 million, reflecting an improvement of $10.4 million year-over-year.<\/li>\n\n\n\n<li>Non-GAAP net income for the first quarter of 2026 was $6.9 million, as compared to a Non-GAAP net loss of $2.5 million in the first quarter of 2025.\u00a0<\/li>\n\n\n\n<li>Cash, cash equivalents and marketable securities were $224 million as of March 31, 2026, an increase of $4.8 million from December 31, 2025 driven by $14.6 million of operating cash flow.\u00a0\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p><strong>First Quarter 2026 Business Highlights: &nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Xometry introduced a new enterprise machining lead time model into its Instant Quoting Engine, significantly enhancing its predictive intelligence. This deep learning model, trained on a dataset four times larger than previous versions, is designed to improve reliability and execution speed for enterprise buyers. The key results are superior prediction accuracy, expanded rapid delivery (including 1-day lead times), and enhanced operational throughput, leading to a reduction in standard lead time offerings. The model also incorporates critical factors such as specialized certifications, new materials and finishing options.<\/li>\n\n\n\n<li>Xometry enhanced the dynamic pricing logic in its Instant Quoting Engine. Xometry&#8217;s approach uses a &#8220;conversion rate model&#8221; that analyzes unique geometric features, quote configurations, and customer-specific historical data to construct a price-response function tailored for every individual quote and part.<\/li>\n\n\n\n<li>Xometry further improved its injection molding offering in the U.S. by introducing six new materials and three additional finishes to give buyers greater choice. These additions increase the selection of instant quoting injection-molded parts by over 15%. Xometry\u2019s proprietary AI-powered platform manages the full lifecycle of injection molding needs from initial quoting to delivery to reordering in one of the largest custom manufacturing markets in the U.S. The platform enables a spectrum of injection molding options \u2013 from prototype and low-volume bridge tooling to high-volume, multi-cavity production tooling.<\/li>\n\n\n\n<li>Xometry simplified the reordering process for marketplace customers by introducing a &#8220;name your part&#8221; feature which enables customers to match their internal naming conventions and harmonizes their Xometry parts library and SKU structure with their internal systems.\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1308\" height=\"678\" src=\"https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.37.16.png\" alt=\"\" class=\"wp-image-174549\" srcset=\"https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.37.16.png 1308w, https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.37.16-480x249.png 480w, https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.37.16-768x398.png 768w\" sizes=\"(max-width: 1308px) 100vw, 1308px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>(1) These non-GAAP financial measures, and the reasons why we believe these non-GAAP financial measures are useful, are described below and reconciled to their most directly comparable GAAP measures in the accompanying tables.<br><\/p>\n\n\n\n<p><strong>Key Operating Metrics<\/strong><sup><strong>(2)<\/strong><\/sup><strong>:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1300\" height=\"190\" src=\"https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.38.10.png\" alt=\"\" class=\"wp-image-174573\" srcset=\"https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.38.10.png 1300w, https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.38.10-480x70.png 480w, https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.38.10-768x112.png 768w\" sizes=\"(max-width: 1300px) 100vw, 1300px\" \/><\/figure>\n\n\n\n<p>(2) These key operating metrics are for Marketplace. See \u201cKey Terms for our Key Metrics and Non-GAAP Financial Measures\u201d below for definitions of these metrics.&nbsp;<br>(3) Amounts shown for Active Buyers and Accounts with Last Twelve-Months Spend of at Least $50,000 are as of March 31, 2026 and 2025, and Percentage of Revenue from Existing Accounts is presented for the quarters ended March 31, 2026 and 2025. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Financial Guidance and Outlook:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1304\" height=\"147\" src=\"https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.38.57.png\" alt=\"\" class=\"wp-image-174597\" srcset=\"https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.38.57.png 1304w, https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.38.57-480x54.png 480w, https:\/\/xometry.eu\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-13-at-13.38.57-768x87.png 768w\" sizes=\"(max-width: 1304px) 100vw, 1304px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For Q2 2026, we expect revenue of $214-$216 million, representing 32-33% growth year-over-year driven by 35-36% marketplace growth.<\/li>\n\n\n\n<li>For Q2 2026, we expect Adjusted EBITDA of $11-$12 million, an improvement from Adjusted EBITDA of $3.9 million in Q2 2025.<\/li>\n\n\n\n<li>For Full Year 2026, we are raising our revenue growth outlook from previous guidance of at least 21% to 27-28% driven by approximately 30% marketplace growth.<\/li>\n\n\n\n<li>For Full Year 2026, we expect incremental Adjusted EBITDA margins of at least 20%.<\/li>\n<\/ul>\n\n\n\n<p>Xometry\u2019s second quarter and full year 2026 financial outlook is based on a number of assumptions that are subject to change and may be outside of its control. If actual results vary from these assumptions, Xometry\u2019s expectations may change. There can be no assurance that Xometry will achieve these results.<\/p>\n\n\n\n<p>Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss, the most directly comparable GAAP measure, is not available without unreasonable efforts due to the high variability and complexity and low visibility with respect to certain charges excluded from this non-GAAP measure, including interest and dividend income, (provision) benefit for income taxes, charitable contributions of common stock and impairment of assets.&nbsp;Xometry expects the variability of these items could have a significant, and potentially unpredictable, impact on its future GAAP financial results.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Use of Non-GAAP Financial Measures<\/strong><\/p>\n\n\n\n<p>To supplement its consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States of America (\u201cGAAP\u201d), Xometry, Inc. (\u201cXometry\u201d, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d) uses Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP Earnings Per Share, basic and diluted, which are considered non-GAAP financial measures, as described below. These non-GAAP financial measures are presented to enhance the user\u2019s overall understanding of Xometry\u2019s financial performance and should not be considered a substitute for, nor superior to, the financial information prepared and presented in accordance with GAAP. The non-GAAP financial measures presented in this release, together with the GAAP financial results, are the primary measures used by the Company\u2019s management and board of directors to understand and evaluate the Company\u2019s financial performance and operating trends, including period-to-period comparisons, because they exclude certain expenses and gains that management believes are not indicative of the Company\u2019s core operating results. Management also uses these measures to prepare and update the Company\u2019s short and long term financial and operational plans, to evaluate investment decisions, and in its discussions with investors, commercial bankers, equity research analysts and other users of the Company\u2019s financial statements. Accordingly, the Company believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating the Company\u2019s operating results in the same manner as the Company\u2019s management and in comparing operating results across periods and to those of Xometry\u2019s peer companies. In addition, from time to time we may present adjusted information (for example, revenue growth) to exclude the impact of certain gains, losses or other changes that affect period-to-period comparability of our operating performance.<\/p>\n\n\n\n<p>The use of non-GAAP financial measures has certain limitations because they do not reflect all items of income and expense, or cash flows, that affect the Company\u2019s financial performance and operations. Additionally, non-GAAP financial measures do not have standardized meanings, and therefore other companies, including peer companies, may use the same or similarly named measures but exclude or include different items or use different computations. Management compensates for these limitations by reconciling these non-GAAP financial measures to their most comparable GAAP financial measures in the tables captioned \u201cReconciliations of Non-GAAP Financial Measures\u201d included at the end of this release. Investors and others are encouraged to review the Company\u2019s financial information in its entirety and not rely on a single financial measure.<\/p>\n\n\n\n<p><strong>Change in Non-GAAP Financial Measure<\/strong><\/p>\n\n\n\n<p>Effective January 1, 2026, we revised our definition of Non-GAAP Net Income (Loss) to exclude depreciation expense which had previously been included as an adjustment. Management believes this revised definition provides a more representative view of our core operating performance. All prior-period amounts have been recast to conform to this new definition.<\/p>\n\n\n\n<p><strong>Key Terms for our Key Metrics and Non-GAAP Financial Measures<\/strong><\/p>\n\n\n\n<p><strong>Marketplace revenue:&nbsp;<\/strong>includes the sale of parts and assemblies on our platform.<\/p>\n\n\n\n<p><strong>Services revenue:&nbsp;<\/strong>includes the sales of marketing and advertising services and, to a lesser extent, financial service products and SaaS-based solutions.<\/p>\n\n\n\n<p><strong>Active Buyers:<\/strong>&nbsp;The Company defines \u201cbuyers\u201d as individuals who have placed an order to purchase on-demand parts or assemblies on our marketplace. The Company defines Active Buyers as the number of buyers who have made at least one purchase on our marketplace during the last twelve months.<\/p>\n\n\n\n<p><strong>Active Suppliers:<\/strong>&nbsp;The Company defines \u201csuppliers\u201d as individuals or businesses that have been approved by us to either manufacture a product on our platform for a buyer or have utilized our supplier services, including our digital marketing services, data services, financial services or tools and materials. The Company defines Active Suppliers as suppliers that have used our platform at least once during the last twelve months to manufacture a product.<\/p>\n\n\n\n<p><strong>Percentage of Revenue from Existing Accounts:&nbsp;<\/strong>The Company defines an \u201caccount\u201d as an individual entity, such as a sole proprietor with a single buyer or corporate entities with multiple buyers, having purchased at least one part on our marketplace. The Company defines an existing account as an account where at least one buyer has made a purchase on our marketplace.<\/p>\n\n\n\n<p><strong>Accounts with Last Twelve-Month Spend of at Least $50,000:&nbsp;<\/strong>The Company defines Accounts with Last Twelve-Month Spend of at Least $50,000 as an account that has spent at least $50,000 on our marketplace in the most recent twelve-month period.<\/p>\n\n\n\n<p><strong>Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA)<\/strong>: The Company defines Adjusted EBITDA as net loss, adjusted for interest expense, interest and dividend income and other expenses, and certain other non-cash or non-recurring items impacting net loss from time to time, principally comprised of depreciation and amortization, amortization of lease intangible, provision for income taxes, stock-based compensation, payroll tax expense related to stock-based compensation, charitable contributions of common stock, income from unconsolidated joint venture, restructuring charges and acquisition and other adjustments not reflective of the Company\u2019s ongoing business, such as adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.<\/p>\n\n\n\n<p><strong>Non-GAAP net income (loss):&nbsp;<\/strong>The Company defines non-GAAP net income (loss) as net loss adjusted for stock-based compensation, payroll tax expense related to stock-based compensation, amortization of lease intangible, amortization of deferred costs on convertible notes, charitable contributions of common stock, lease termination, restructuring charges, amortization of acquired intangible assets &amp; patents, other amortization and acquisition and other adjustments not reflective of the Company\u2019s ongoing business, such as adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.<\/p>\n\n\n\n<p><strong>Non-GAAP Earnings Per Share, basic and diluted (Non-GAAP EPS, basic and diluted):&nbsp;<\/strong>The Company calculates non-GAAP earnings per share, basic and diluted as non-GAAP net income (loss) divided by the weighted average number of basic or dilutive shares of common stock outstanding.<\/p>\n\n\n\n<p>Management believes that the exclusion of certain expenses and gains in calculating Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP EPS, basic and diluted, provides a useful measure for period-to-period comparisons of the Company\u2019s underlying core revenue and operating costs that is focused more closely on the current costs necessary to operate the Company\u2019s businesses and reflects its ongoing business in a manner that allows for meaningful analysis of trends. Management also believes that excluding certain non-cash charges can be useful because the amount of such expenses is the result of long-term investment decisions made in previous periods rather than day-to-day operating decisions.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":true,"inline_featured_image":false},"class_list":["post-174524","press","type-press","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Xometry Reports Record Q1 2026 Results &amp; Siemens Partnership<\/title>\n<meta name=\"description\" content=\"Xometry hits record Q1 2026 revenue of $205M, up 36% YoY. 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