Xometry Raises Full-Year Growth Outlook After Record Quarter

The Tip Desk · November 4, 2026 · 2 min read

Third-quarter revenue reached a record $252 million, up 40% year over year, as the company lifted its 2026 growth outlook to at least 37%.

Xometry, Inc. (XMTR), the global AI-native marketplace connecting buyers and suppliers of custom manufacturing, reported third-quarter revenue of $252 million, up 40% from a year earlier, and said it had surpassed a $1 billion revenue run rate.

That growth rate matched the second consecutive quarter at the 40% level after 41% growth in the second quarter. Marketplace revenue, the bulk of the business, rose 43% to $238 million. Services revenue was $14.4 million.

Chief Executive Sanjeev Singh Sahni said key growth initiatives produced the record results, citing expanding buyer and supplier networks and increasing wallet share. Chief Financial Officer James Miln said revenue growth remained at the 40% level for the second quarter in a row.

Gross profit increased 37% year over year to a record $98.7 million, with total gross margin of 39.1%. Marketplace gross profit rose 44% to $85.7 million. Marketplace gross margin reached a record 36.0%, up 30 basis points from a year earlier.

Adjusted EBITDA improved $15.3 million year over year to $21.4 million, with Adjusted EBITDA margin up 510 basis points to 8.5%. The company attributed the improvement to marketplace gross profit growth and operating expense leverage. Net income attributable to common stockholders was $1.9 million, compared with a net loss of $11.6 million in the third quarter of 2025. Non-GAAP net income was $18.6 million.

Marketplace Active Buyers stood at 93,812 as of September 30, 2026, up 20% from 78,282 a year earlier. The company recorded record net buyer additions of 4,255 in the quarter. Accounts with last twelve-months spend of at least $50,000 increased 26% to 2,172. Percentage of revenue from existing accounts was 98%.

Cash, cash equivalents and marketable securities were $505 million as of September 30, 2026.

The company unveiled a next-generation Workcenter experience for manufacturing partners, expanded its TradeCentric partnership with Purchase Order Automation and Invoice Automation, and announced a grant program with MxD aimed at making cybersecurity compliance more affordable for small and mid-sized manufacturers.

For the fourth quarter of 2026, Xometry expects revenue of $254 million to $256 million, representing 32% to 33% growth year over year, driven by approximately 35% to 36% marketplace growth. It expects Adjusted EBITDA of $22 million to $22.5 million.

For the full year, the company raised its revenue growth outlook from previous guidance of 33% to 34% to at least 37%, driven by approximately 41% marketplace growth. It expects full-year Adjusted EBITDA of $68 million to $68.5 million.