Xometry, Inc. ( (XMTR) ) has released its Q4 earnings. Here is a breakdown of the information Xometry, Inc. presented to its investors.
Xometry, Inc. is a global AI-powered marketplace that connects buyers with suppliers of manufacturing services, offering a platform that leverages machine learning to provide accurate pricing and lead times. The company operates in the manufacturing sector, with a unique focus on digitizing the industry through its innovative technology solutions.
In its latest earnings report, Xometry, Inc. announced a record fourth-quarter revenue of $149 million, marking a 16% increase year-over-year, driven by a 20% growth in its marketplace segment. The company also reported a significant improvement in gross profit and adjusted EBITDA, reflecting its strategic focus on expanding its buyer and supplier networks and enhancing its marketplace offerings.
Key financial highlights include a 20% year-over-year increase in marketplace revenue to $135 million and a 32% rise in marketplace gross profit. The company also achieved a record gross margin of 34.5% in its marketplace segment. Despite a net loss of $9.9 million for the quarter, Xometry reported a positive adjusted EBITDA of $1.0 million, an improvement of $3.9 million compared to the previous year. The company’s active buyers increased by 23%, and it expanded its supplier base by 28% year-over-year.
Strategically, Xometry has been focusing on international growth, enhancing its supplier services, and expanding its marketplace capabilities. The company introduced new features for its Teamspace enterprise collaboration software and expanded its European marketplace offerings. Additionally, Xometry received a new patent for its Instant Quoting Engine, further solidifying its position as a leader in AI-driven manufacturing solutions.
Looking ahead, Xometry’s management remains optimistic about continued growth, anticipating a revenue increase of 20-21% year-over-year for the first quarter of 2025. The company expects to maintain its positive adjusted EBITDA trajectory for the full year, driven by ongoing global expansion and operational excellence initiatives.