From GlobeNewswire: 2025-02-25 07:01:00

Xometry reported excellent Q4 results, with revenue up 16% to $149 million, and gross profit up 20% to $59 million. Marketplace growth was strong at 20%, with gross margin up to 34.5%. Adjusted EBITDA improved to $1 million. Future growth initiatives include expanding networks, driving enterprise engagement, and international growth.

Key highlights include Q4 marketplace revenue of $135 million, with active buyers up 23% to 68,267. Supplier services revenue was $14 million, and net loss was $9.9 million. Xometry also expanded its supplier network, added new international pricing, and enhanced marketplace certifications in key industries.

For FY 2024, marketplace revenue hit $486 million, a 23% increase. Supplier services revenue was $59.6 million, with a net loss of $50.4 million. Xometry expanded its US marketplace menu, added new features for Teamspace, and launched a buyer dashboard for tooling processes. The European marketplace also saw expansion with new processes and languages.

Xometry expects continued growth in 2025, with Q1 revenue projected at $147-149 million, representing 20-21% growth. Adjusted EBITDA loss for Q1 is expected to be around $1.5 million, an improvement from the previous year. Full-year revenue growth is expected to exceed 2024 levels, with positive Adjusted EBITDA.

These results position Xometry for strong growth in 2025, driven by marketplace expansion, new features, and a focus on global scale and operating excellence. Investors are encouraged to review Xometry’s financial information in its entirety for a comprehensive understanding of the company’s performance and outlook.



Read more at GlobeNewswire:: Xometry Reports Fourth Quarter and Full Year 2024 Results