What's Happening?
Xometry, Inc., an online marketplace for custom manufacturing, reported a record revenue of $229.3 million for the second quarter of 2026, a 41% increase year-over-year. The company's marketplace revenue, which includes parts and assemblies sold through
its platform, rose by 45%. Gross profit also saw a significant increase, reaching $87.2 million. The company improved its adjusted EBITDA by $10.2 million, achieving a margin of 6.2%. Xometry's active buyers grew by 20%, and accounts with significant spending increased by 23%. The company also raised $248 million from a follow-on stock offering and $50 million from a private placement with Siemens.
Why It's Important?
Xometry's financial performance underscores its strong market position and the effectiveness of its growth strategy. The significant increase in marketplace revenue and gross profit highlights the company's ability to attract and retain customers. The successful equity offering and strategic partnership with Siemens provide Xometry with additional capital to invest in growth initiatives and expand its market presence. The company's focus on enhancing its AI models and marketplace experience positions it well for future growth in the custom manufacturing sector.
What's Next?
Xometry expects continued revenue growth in the third quarter of 2026, projecting revenue between $234 million and $236 million. The company plans to further enhance its AI capabilities and expand its U.S. injection molding services. Xometry's strategic focus on innovation and customer experience will be critical in maintaining its competitive edge and achieving its long-term growth objectives.
