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Investing.com -- Xometry , Inc. (NASDAQ:XMTR) reported better-than-expected first quarter results and provided upbeat guidance, sending its shares soaring 7.3% in Tuesday’s trading.
The AI-powered manufacturing marketplace reported Q1 adjusted earnings per share of $0.02, beating analyst estimates of breakeven. Revenue rose 23% YoY to $150.97 million, surpassing the consensus forecast of $148.65 million.
Xometry’s core marketplace revenue jumped 27% YoY to $136 million, accelerating from 20% growth in Q4 2024. The company cited strong U.S. enterprise customer growth as a key driver.
"Our AI powered marketplace continues to gain significant share, deliver record revenue and strong enterprise growth," said CEO Randy Altschuler. "Customers are increasingly turning to Xometry to procure manufacturing as our marketplace was purpose-built to provide sourcing options domestically and in 50 countries across the world."
For Q2, Xometry expects revenue of $155-157 million, representing 17-18% YoY growth and in line with analyst estimates of $155.8 million. The company also raised its full-year 2025 marketplace growth outlook from at least 20% to at least 22%.
Xometry achieved positive adjusted EBITDA of $0.1 million in Q1, a $7.5 million improvement from the year-ago quarter. CFO James Miln noted this demonstrates "increasing operating leverage" as the marketplace scales.
The company ended Q1 with $231 million in cash and marketable securities. Xometry’s active buyers increased 22% YoY to 71,454, while accounts spending over $50,000 annually rose 12% to 1,545.
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