Xometry Raises Full-Year Revenue Guidance as Marketplace Growth Accelerates
The AI-enabled manufacturing platform reported second-quarter revenue of $229 million, a 41% increase year-over-year.
Xometry (XMTR), the AI-enabled manufacturing platform, reported second-quarter revenue that rose 41% year-over-year to $229 million. The result marked the fourth consecutive quarter of accelerating growth for the company.
Marketplace revenue drove the bulk of the gains, increasing 45% year-over-year to $215 million. This growth outpaced the company's total revenue rate. The expansion was supported by a 20% increase in Marketplace Active Buyers, which rose to 89,557 as of June 30, 2026, from 74,777 a year earlier.
High-value customer acquisition also trended upward. The number of marketplace accounts with annual spend of at least $50,000 increased 23% year-over-year to 2,039. Despite the volume growth, marketplace gross margin compressed 7 basis points to 34.7%.
Services revenue fell 3% year-over-year to $13.9 million, with a slight sequential increase from the first quarter.
Adjusted EBITDA rose to $14.1 million, an improvement of $10.2 million over the prior-year period. Margins increased 380 basis points to 6.2%. The company revised its definition of Non-GAAP Net Income effective January 1, 2026, to exclude depreciation expense.
Xometry raised its full-year 2026 revenue growth guidance to a range of 33-34%, up from the previous projection of 27-28%. For the third quarter of 2026, the company projects revenue between $234 million and $236 million, representing 30-31% year-over-year growth. Adjusted EBITDA for the third quarter is projected at $16 million to $17 million, compared with $6.1 million in the same period last year.
Cash and cash equivalents rose to $517 million as of June 30, 2026, an increase of $293 million from March 31. The liquidity boost resulted from a $248 million equity offering and a $50 million private placement with Siemens.