Xometry (NASDAQ:XMTR) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Xometry (NASDAQ:XMTR) issued its quarterly earnings data on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09, FiscalAI reports. The business had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $235.54 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS.

Here are the key takeaways from Xometry’s conference call:

• Record Q3 performance: Revenue rose 40% year over year to $252 million, marketplace revenue grew 43%, and Xometry reported its first quarter of GAAP profitability with $1.9 million in net income.
• Operating leverage improved materially: Marketplace gross margin reached a record 36.0%, adjusted EBITDA increased to $21.4 million with an 8.5% margin, and advertising spend fell to 3.0% of marketplace revenue.
• Enterprise expansion and buyer growth remained strong, with active buyers up 20% to 93,812, accounts spending at least $50,000 up 26%, and revenue from the largest customers increasing more than 40%. Management also highlighted continued wallet-share gains and expects more customers to surpass $10 million in annual spend.
• Management raised its 2026 outlook to approximately 37% revenue growth and $68 million-$68.5 million of adjusted EBITDA. The Siemens partnership is expected to launch a Designcenter beta in Q1 2027 and contribute positively to 2027 results, although the financial impact has not yet been quantified.

Xometry Trading Down 0.6%

Shares of Xometry stock traded down $0.60 during trading on Tuesday, hitting $94.89. The stock had a trading volume of 382,243 shares, compared to its average volume of 872,101. Xometry has a 12 month low of $35.86 and a 12 month high of $112.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The firm’s fifty day simple moving average is $96.37 and its 200-day simple moving average is $76.22. The stock has a market cap of $4.92 billion, a PE ratio of -158.12 and a beta of 1.23.

Analyst Upgrades and Downgrades

XMTR has been the topic of several research reports. BNP Paribas Exane initiated coverage on shares of Xometry in a research report on Friday, September 18th. They issued an “outperform” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Xometry in a research report on Monday, August 24th. They set an “overweight” rating and a $120.00 price objective for the company. Citigroup reissued a “market outperform” rating on shares of Xometry in a research note on Monday, September 21st. Rosenblatt Securities boosted their target price on shares of Xometry from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.18.

Insider Activity

In other Xometry news, Director Randolph Altschuler sold 5,721 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $103.32, for a total transaction of $591,093.72. Following the completion of the transaction, the director owned 423,029 shares in the company, valued at $43,707,356.28. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Katharine Weymouth sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $95.23, for a total value of $476,150.00. Following the transaction, the director directly owned 35,345 shares in the company, valued at approximately $3,365,904.35. This represents a 12.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 64,699 shares of company stock worth $6,169,735 in the last ninety days. 9.10% of the stock is currently owned by company insiders.

About Xometry

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.