{"success":true,"data":{"pressRelease":{"id":"25275","rtpr_id":"nGNX6HZmzf","ticker":"XMTR","exchange":"NASDAQ","all_tickers":["XMTR"],"title":"Xometry Reports Record First Quarter 2026 Results","author":"Globe Newswire","published_at":"2026-05-07T11:05:01.004Z","article_body":"* Q1 revenue increased 36% year-over-year to a record $205 million, driven by\nrobust marketplace growth.\n* Q1 marketplace revenue growth accelerated to 40% year-over-year, driven by\nexpanding networks of buyers and suppliers and increasing wallet share.\n* Q1 gross profit increased 39% year-over-year to a record $78.5 million,\ndriven by strong marketplace growth and marketplace gross margin expansion.\n* Q1 Adjusted EBITDA improved $10.4 million year-over-year to Adjusted EBITDA\nof $10.5 million, driven by expanding marketplace gross margin and strong\noperating expense leverage.\n* Announced a new strategic partnership with Siemens\n(https://www.siemens.com/en-us/), to embed Xometry’s proprietary\nmanufacturability, pricing, sourcing and execution intelligence directly\nwithin Siemens Xcelerator. Siemens is purchasing approximately $50 million of\nXometry Class A common stock, underscoring its conviction that AI-powered\nintelligence will define the next generation of industrial software.\n* Strong operating results were driven by consistent execution across growth\ninitiatives: expanding buyer and supplier networks, driving deeper enterprise\nengagement, further expanding the marketplace platform, growing\ninternationally, and enhancing services offerings.\nNORTH BETHESDA, Md., May 07, 2026 (GLOBE NEWSWIRE) --  Xometry, Inc.\n(https://www.globenewswire.com/Tracker?data=xxyzilGO_lezmHV4ldFhTfaSM1k02jDM90TQJoghYnRVe_d0lv9hpRd8eOOqP6-AK1xbAUqVLxHhH0yndCRqRg==)\n(NASDAQ: XMTR), the global AI-native marketplace connecting buyers and\nsuppliers of custom manufacturing, today announced its financial results for\nthe first quarter ended March 31, 2026.\n\n“In the first quarter, we delivered 36% revenue growth year-over-year,\nunderscoring the strength of our marketplace innovation and expanding global\nnetwork,” said Randy Altschuler, CEO at Xometry\n(https://www.globenewswire.com/Tracker?data=Ejqbxp5NwXNcTCViltvDDr1rlwUAVcdRL4no6Ds1qdMXjX0x9_G0hLkSdGDy8zYCJlY8v0QkACXNcBTxToU29IcUuw-O8m-98_Dr4yAaO7VNDpDhjc74x3E0WZtr7BQpqVIg8aGGUd3Bnl6n-7UH3g==).\n“This quarter marks a significant acceleration of marketplace growth, driven\nby increasing wallet share and rapid adoption of our supply chain\nsolutions.”\n\n“We delivered robust marketplace gross profit growth in Q1, which increased\n53% year-over-year,” said James Miln, CFO at Xometry\n(https://www.globenewswire.com/Tracker?data=h4HDUx1Ed88zP0P8Vdb9eW5xUHUPNIBjHRtxAnxuAwmIyHCb-Du4RGCQC6g_mItcmGs8WystoBNem8bwLm1rtUFk3gZMsAnUHxExVREnujYWIFynEFhnsm0udFeI4aCW).\n“Our Adjusted EBITDA improved by $10.4 million year-over-year to $10.5\nmillion, reflecting the strong leverage in our marketplace model. We expect to\ncontinue to deliver 20% annual incremental Adjusted EBITDA margins as we\nrapidly scale to $1 billion in revenue.”\n                                                                                                                            \n\nFirst Quarter 2026 Financial Highlights\n* Total revenue for the first quarter of 2026 was $205 million, an increase of\n36% year-over-year.\n* Marketplace revenue for the first quarter of 2026 was $191 million, an\nincrease of 40% year-over-year.\n* Marketplace Active Buyers increased 20% from 71,454 as of March 31, 2025 to\n85,581 as of March 31, 2026.\n* Marketplace Accounts with Last Twelve-Months Spend of at least $50,000\nincreased 21% from 1,545 as of March 31, 2025 to 1,864 as of March 31, 2026.\n* Services revenue for the first quarter of 2026 was $13.8 million, roughly\nflat quarter-over-quarter. \n* Net loss attributable to common stockholders for the first quarter of 2026\nwas $5.3 million.\n* Adjusted EBITDA for the first quarter of 2026 was $10.5 million, reflecting\nan improvement of $10.4 million year-over-year.\n* Non-GAAP net income for the first quarter of 2026 was $6.9 million, as\ncompared to a Non-GAAP net loss of $2.5 million in the first quarter of\n2025. \n* Cash, cash equivalents and marketable securities were $224 million as of\nMarch 31, 2026, an increase of $4.8 million from December 31, 2025 driven by\n$14.6 million of operating cash flow.   \nFirst Quarter 2026 Business Highlights:  \n* Xometry introduced a new enterprise machining lead time model into its\nInstant Quoting Engine, significantly enhancing its predictive intelligence.\nThis deep learning model, trained on a dataset four times larger than previous\nversions, is designed to improve reliability and execution speed for\nenterprise buyers. The key results are superior prediction accuracy, expanded\nrapid delivery (including 1-day lead times), and enhanced operational\nthroughput, leading to a reduction in standard lead time offerings. The model\nalso incorporates critical factors such as specialized certifications, new\nmaterials and finishing options.\n* Xometry enhanced the dynamic pricing logic in its Instant Quoting Engine.\nXometry's approach uses a \"conversion rate model\" that analyzes unique\ngeometric features, quote configurations, and customer-specific historical\ndata to construct a price-response function tailored for every individual\nquote and part.\n* Xometry further improved its injection molding offering in the U.S. by\nintroducing six new materials and three additional finishes to give buyers\ngreater choice. These additions increase the selection of instant quoting\ninjection-molded parts by over 15%. Xometry’s proprietary AI-powered\nplatform manages the full lifecycle of injection molding needs from initial\nquoting to delivery to reordering in one of the largest custom manufacturing\nmarkets in the U.S. The platform enables a spectrum of injection molding\noptions – from prototype and low-volume bridge tooling to high-volume,\nmulti-cavity production tooling.\n* Xometry simplified the reordering process for marketplace customers by\nintroducing a \"name your part\" feature which enables customers to match their\ninternal naming conventions and harmonizes their Xometry parts library and SKU\nstructure with their internal systems. \n Financial Summary \n (In thousands, except per share amounts) \n (Unaudited) \n For the Three Months Ended March 31, \n 2026 2025 % Change \n \n Consolidated \n Revenue $ 205,138 $ 150,971 36 % \n Gross profit 78,488 56,331 39 % \n Net loss attributable to common stockholders (5,267 ) (15,078 ) 65 % \n EPS, basic and diluted, of Class A and Class B common stock (0.10 ) (0.30 ) 67 % \n Adjusted EBITDA ((1)) 10,485 78 13,342 % \n Non-GAAP net income (loss) ((1)) 6,889 (2,522 ) 373 % \n Non-GAAP EPS, basic ((1)), of Class A and Class B common stock 0.13 (0.05 ) 360 % \n Non-GAAP EPS, diluted ((1)), of Class A and Class B common stock 0.12 (0.05 ) 340 % \n \n Marketplace \n Revenue $ 191,318 $ 136,353 40 % \n Cost of revenue 124,873 93,046 34 % \n Gross Profit $ 66,445 $ 43,307 53 % \n Gross Margin 34.7 % 31.8 % 2.9 % \n \n Services \n Revenue $ 13,820 $ 14,618 (5 )% \n Cost of revenue 1,777 1,594 11 % \n Gross Profit $ 12,043 $ 13,024 (8 )% \n Gross Margin 87.1 % 89.1 % (2.0 )% \n\n(1) These non-GAAP financial measures, and the reasons why we believe these\nnon-GAAP financial measures are useful, are described below and reconciled to\ntheir most directly comparable GAAP measures in the accompanying tables.\n\nKey Operating Metrics((2)):\n\n As of March 31, \n 2026 2025 % Change \n \n Active Buyers ((3)) 85,581 71,454 20 % \n Percentage of Revenue from Existing Accounts ((3)) 98 % 98 % \n Accounts with Last Twelve-Months Spend of at Least $50,000 ((3)) 1,864 1,545 21 % \n\n(2) These key operating metrics are for Marketplace. See “Key Terms for our\nKey Metrics and Non-GAAP Financial Measures” below for definitions of these\nmetrics. \n(3) Amounts shown for Active Buyers and Accounts with Last Twelve-Months Spend\nof at Least $50,000 are as of March 31, 2026 and 2025, and Percentage of\nRevenue from Existing Accounts is presented for the quarters ended March 31,\n2026 and 2025.       \n\nFinancial Guidance and Outlook:\n\n Q2 2026 \n (in millions) \n Low High \n Revenue $ 214 $ 216 \n Adjusted EBITDA $ 11 $ 12 \n* For Q2 2026, we expect revenue of $214-$216 million, representing 32-33%\ngrowth year-over-year driven by 35-36% marketplace growth.\n* For Q2 2026, we expect Adjusted EBITDA of $11-$12 million, an improvement\nfrom Adjusted EBITDA of $3.9 million in Q2 2025.\n* For Full Year 2026, we are raising our revenue growth outlook from previous\nguidance of at least 21% to 27-28% driven by approximately 30% marketplace\ngrowth.\n* For Full Year 2026, we expect incremental Adjusted EBITDA margins of at\nleast 20%.\nXometry’s second quarter and full year 2026 financial outlook is based on a\nnumber of assumptions that are subject to change and may be outside of its\ncontrol. If actual results vary from these assumptions, Xometry’s\nexpectations may change. There can be no assurance that Xometry will achieve\nthese results.\n\nReconciliation of Adjusted EBITDA on a forward-looking basis to net loss, the\nmost directly comparable GAAP measure, is not available without unreasonable\nefforts due to the high variability and complexity and low visibility with\nrespect to certain charges excluded from this non-GAAP measure, including\ninterest and dividend income, (provision) benefit for income taxes, charitable\ncontributions of common stock and impairment of assets. Xometry expects the\nvariability of these items could have a significant, and potentially\nunpredictable, impact on its future GAAP financial results.  \n\nUse of Non-GAAP Financial Measures\n\nTo supplement its consolidated financial statements, which are prepared and\npresented in accordance with generally accepted accounting principles in the\nUnited States of America (“GAAP”), Xometry, Inc. (“Xometry”, the\n“Company”, “we” or “our”) uses Adjusted EBITDA, non-GAAP net\nincome (loss) and non-GAAP Earnings Per Share, basic and diluted, which are\nconsidered non-GAAP financial measures, as described below. These non-GAAP\nfinancial measures are presented to enhance the user’s overall understanding\nof Xometry’s financial performance and should not be considered a substitute\nfor, nor superior to, the financial information prepared and presented in\naccordance with GAAP. The non-GAAP financial measures presented in this\nrelease, together with the GAAP financial results, are the primary measures\nused by the Company’s management and board of directors to understand and\nevaluate the Company’s financial performance and operating trends, including\nperiod-to-period comparisons, because they exclude certain expenses and gains\nthat management believes are not indicative of the Company’s core operating\nresults. Management also uses these measures to prepare and update the\nCompany’s short and long term financial and operational plans, to evaluate\ninvestment decisions, and in its discussions with investors, commercial\nbankers, equity research analysts and other users of the Company’s financial\nstatements. Accordingly, the Company believes that these non-GAAP financial\nmeasures provide useful information to investors and others in understanding\nand evaluating the Company’s operating results in the same manner as the\nCompany’s management and in comparing operating results across periods and\nto those of Xometry’s peer companies. In addition, from time to time we may\npresent adjusted information (for example, revenue growth) to exclude the\nimpact of certain gains, losses or other changes that affect period-to-period\ncomparability of our operating performance.\n\nThe use of non-GAAP financial measures has certain limitations because they do\nnot reflect all items of income and expense, or cash flows, that affect the\nCompany’s financial performance and operations. Additionally, non-GAAP\nfinancial measures do not have standardized meanings, and therefore other\ncompanies, including peer companies, may use the same or similarly named\nmeasures but exclude or include different items or use different computations.\nManagement compensates for these limitations by reconciling these non-GAAP\nfinancial measures to their most comparable GAAP financial measures in the\ntables captioned “Reconciliations of Non-GAAP Financial Measures” included\nat the end of this release. Investors and others are encouraged to review the\nCompany’s financial information in its entirety and not rely on a single\nfinancial measure.\n\nChange in Non-GAAP Financial Measure\n\nEffective January 1, 2026, we revised our definition of Non-GAAP Net Income\n(Loss) to exclude depreciation expense which had previously been included as\nan adjustment. Management believes this revised definition provides a more\nrepresentative view of our core operating performance. All prior-period\namounts have been recast to conform to this new definition.\n\nKey Terms for our Key Metrics and Non-GAAP Financial Measures\n\nMarketplace revenue: includes the sale of parts and assemblies on our\nplatform.\n\nServices revenue: includes the sales of marketing and advertising services\nand, to a lesser extent, financial service products and SaaS-based solutions.\n\nActive Buyers: The Company defines “buyers” as individuals who have placed\nan order to purchase on-demand parts or assemblies on our marketplace. The\nCompany defines Active Buyers as the number of buyers who have made at least\none purchase on our marketplace during the last twelve months.\n\nActive Suppliers: The Company defines “suppliers” as individuals or\nbusinesses that have been approved by us to either manufacture a product on\nour platform for a buyer or have utilized our supplier services, including our\ndigital marketing services, data services, financial services or tools and\nmaterials. The Company defines Active Suppliers as suppliers that have used\nour platform at least once during the last twelve months to manufacture a\nproduct.\n\nPercentage of Revenue from Existing Accounts: The Company defines an\n“account” as an individual entity, such as a sole proprietor with a single\nbuyer or corporate entities with multiple buyers, having purchased at least\none part on our marketplace. The Company defines an existing account as an\naccount where at least one buyer has made a purchase on our marketplace.\n\nAccounts with Last Twelve-Month Spend of at Least $50,000: The Company defines\nAccounts with Last Twelve-Month Spend of at Least $50,000 as an account that\nhas spent at least $50,000 on our marketplace in the most recent twelve-month\nperiod.\n\nAdjusted earnings before interest, taxes, depreciation and amortization\n(Adjusted EBITDA): The Company defines Adjusted EBITDA as net loss, adjusted\nfor interest expense, interest and dividend income and other expenses, and\ncertain other non-cash or non-recurring items impacting net loss from time to\ntime, principally comprised of depreciation and amortization, amortization of\nlease intangible, provision for income taxes, stock-based compensation,\npayroll tax expense related to stock-based compensation, charitable\ncontributions of common stock, income from unconsolidated joint venture,\nrestructuring charges and acquisition and other adjustments not reflective of\nthe Company’s ongoing business, such as adjustments related to purchase\naccounting, the revaluation of contingent consideration, transaction costs and\nexecutive severance.\n\nNon-GAAP net income (loss): The Company defines non-GAAP net income (loss) as\nnet loss adjusted for stock-based compensation, payroll tax expense related to\nstock-based compensation, amortization of lease intangible, amortization of\ndeferred costs on convertible notes, charitable contributions of common stock,\nlease termination, restructuring charges, amortization of acquired intangible\nassets & patents, other amortization and acquisition and other adjustments not\nreflective of the Company’s ongoing business, such as adjustments related to\npurchase accounting, the revaluation of contingent consideration, transaction\ncosts and executive severance.\n\nNon-GAAP Earnings Per Share, basic and diluted (Non-GAAP EPS, basic and\ndiluted): The Company calculates non-GAAP earnings per share, basic and\ndiluted as non-GAAP net income (loss) divided by the weighted average number\nof basic or dilutive shares of common stock outstanding.\n\nManagement believes that the exclusion of certain expenses and gains in\ncalculating Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP EPS,\nbasic and diluted, provides a useful measure for period-to-period comparisons\nof the Company’s underlying core revenue and operating costs that is focused\nmore closely on the current costs necessary to operate the Company’s\nbusinesses and reflects its ongoing business in a manner that allows for\nmeaningful analysis of trends. Management also believes that excluding certain\nnon-cash charges can be useful because the amount of such expenses is the\nresult of long-term investment decisions made in previous periods rather than\nday-to-day operating decisions.\n\nAbout Xometry\nXometry’s\n(https://www.globenewswire.com/Tracker?data=xxyzilGO_lezmHV4ldFhTSkL53yTNqcBjmgJcC50aWRjMHSXf8j7fQBEnDeeCELJQObdIM2kP6dRQkrygtX0QLrgDWK3VJU27hibRW85apg=) (NASDAQ:\nXMTR) AI-native marketplace\n(https://www.globenewswire.com/Tracker?data=l-PaRI29MwYy5Xjg8ucs1eaB4ZYxj5DtBoTyxLJoKaqC_WxDcN9CnbGbfdcUjalXBhJfCzGqfVz1yd8zRQPsQvEiZsBiM1bc_1e8yOOMBWQ=),\npopular Thomasnet\n(https://www.globenewswire.com/Tracker?data=O76m9B1oqhCDCbT9dw5bow6F3_m6l8zfD4fxHFYv5EY5TRfikNi_1ZDJaSnUyDTWPPRiYzsOfH3Wlw10NPmEZg==)®\nindustrial sourcing platform and suite of cloud-based services are rapidly\ndigitizing the manufacturing industry. Xometry provides manufacturers the\ncritical resources they need to grow their business and streamlines the\nprocurement process for buyers through real-time pricing and lead time data.\nLearn more at xometry.com\n(https://www.globenewswire.com/Tracker?data=0LunUhNtLeHaUQqQdqSZHMdl_XJp41OyzSKVy2ty5eqkHsfhN20WZZ_mDTQ7TE6mZL7Drs0kEXQkIcH2lYkbfw==) and xometry.eu\n(https://www.globenewswire.com/Tracker?data=0LunUhNtLeHaUQqQdqSZHAr9Zt_sX6gUoXc1EJfPDosgUgSS5XyBUDegepsTpt5Cdudz8A-JwyCp31XCyPgPJg==).\n\nConference Call and Webcast Information\nThe Company will host a conference call and webcast to discuss the results at\n8:30 a.m. ET (5:30 a.m. PT) on May 7, 2026. In addition to its press release\nannouncing its first quarter 2026 financial results, Xometry will release an\nearnings presentation, which will be available on its investor website at\ninvestors.xometry.com\n(https://www.globenewswire.com/Tracker?data=yI1XK9vLl28hSrvKT7qZPB5otNXX_F4_HGZxsq4-BNeiOj-hv_q6p021cY9EZfQQJcLXLf8HfFGdYMgKthPcKxFmGVA8rU7HrAGKgGTCm0E=).\n\nXometry, Inc. First Quarter 2026 Earnings Presentation and Conference Call\n* Thursday, May 7, 2026\n* 8:30 a.m. Eastern / 5:30 a.m. Pacific\n* To access the webcast use the following link:\nhttps://register-conf.media-server.com/register\n* You may also visit the Xometry Investor Relations Homepage at\ninvestors.xometry.com (https://investors.xometry.com/) to listen to a live\nwebcast of the call\nCautionary Information Regarding Forward-Looking Statements\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, which statements involve\nsubstantial risks and uncertainties. Forward-looking statements generally\nrelate to future events or our future financial or operating performance. In\nsome cases, you can identify forward-looking statements because they contain\nwords such as “may,” “will,” “should,” “expect,” “plan,”\n“anticipate,” “could,” “would,” “intend,” “target,”\n“project,” “contemplate,” “believe,” “estimate,”\n“predict,” “potential” or “continue” or the negative of these\nwords or other similar terms or expressions that concern our expectations,\nstrategy, plans or intentions. Forward-looking statements in this press\nrelease include, but are not limited to, our beliefs regarding our financial\nposition and operating performance, including our outlook and guidance for the\nsecond quarter of 2026 and the full year 2026; our expectations regarding our\ngrowth; and statements regarding our strategies, initiatives, products and\nplatform capabilities. Our expectations and beliefs regarding these matters\nmay not materialize, and actual results in future periods are subject to risks\nand uncertainties that could cause actual results to differ materially from\nthose projected, including risks and uncertainties related to: competition,\nmanaging our growth, financial performance, our ability to forecast our\nperformance due to our limited operating history, investments in new products\nor offerings, our ability to attract buyers and sellers to our marketplace,\nlegal proceedings and regulatory matters and developments, any future changes\nto our business or our financial or operating model, our brand and reputation,\nand the impact of fluctuations in general macroeconomic conditions, such as\nfluctuations in inflation and rising interest rates. The forward-looking\nstatements contained in this press release are also subject to other risks and\nuncertainties that could cause actual results to differ from the results\npredicted, including those more fully described in our filings with the SEC,\nincluding our Annual Report on Form 10-K for the year ended December 31, 2025,\nour Quarterly Reports on Form 10-Q, and other filings and reports that we may\nfile from time to time with the SEC. All forward-looking statements in this\npress release are based on information available to Xometry and assumptions\nand beliefs as of the date hereof, and we disclaim any obligation to update\nany forward-looking statements, except as required by law. \n\n \n Investor Contact: Media Contact: \n Shawn Milne Lauran Cacciatori \n VP Investor Relations VP Communications \n 240-335-8132 773-610-0806 \n shawn.milne@xometry.com lauran.cacciatori@xometry.com \n\n\n\n Xometry, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited) \n March 31, December 31, \n 2026 2025 \n Assets \n Current assets: \n Cash and cash equivalents $ 21,046 $ 14,996 \n Marketable securities 202,925 204,145 \n Accounts receivable, less allowance for credit losses of $7.1 million and $8.0 million as of March 31, 2026 and December 31, 2025, respectively 119,746 97,370 \n Inventory 3,600 3,917 \n Prepaid expenses 7,039 7,262 \n Other current assets 9,699 6,954 \n Total current assets 364,055 334,644 \n Software development and property and equipment, net 69,174 60,631 \n Operating lease right-of-use assets 10,714 11,132 \n Investment in unconsolidated joint venture 4,115 4,069 \n Intangible assets, net 27,759 28,563 \n Goodwill 263,558 263,801 \n Other assets 888 880 \n Total assets $ 740,263 $ 703,720 \n Liabilities and stockholders’ equity \n Current liabilities: \n Accounts payable and accrued cost of revenue $ 62,271 $ 44,612 \n Other accrued expenses 42,086 31,669 \n Contract liabilities 12,027 10,319 \n Income taxes payable 283 269 \n Convertible notes, current portion 85,343 — \n Operating lease liabilities, current portion 2,402 2,067 \n Total current liabilities 204,412 88,936 \n Convertible notes, net of current portion 242,742 327,514 \n Operating lease liabilities, net of current portion 9,303 9,841 \n Deferred income taxes 145 145 \n Other liabilities 492 547 \n Total liabilities 457,094 426,983 \n Commitments and contingencies \n Stockholders’ equity \n Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of March 31, 2026 and December 31, 2025 — — \n Class A Common stock, $0.000001 par value. Authorized; 750,000,000 shares; 50,765,219 shares and 49,842,220 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively — — \n Class B Common stock, $0.000001 par value. Authorized; 5,000,000 shares; 1,475,311 shares issued and outstanding as of March 31, 2026 and December 31, 2025 — — \n Additional paid-in capital 723,306 710,925 \n Treasury stock, at cost, 220,994 shares as of March 31, 2026 and December 31, 2025 (8,080 ) (8,080 ) \n Accumulated other comprehensive income (loss) 4,077 4,772 \n Accumulated deficit (437,283 ) (432,016 ) \n Total stockholders’ equity 282,020 275,601 \n Noncontrolling interest 1,149 1,136 \n Total equity 283,169 276,737 \n Total liabilities and stockholders’ equity $ 740,263 $ 703,720 \n\n\n\n Xometry, Inc. and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Loss (In thousands, except share and per share amounts) (Unaudited) \n Three Months Ended March 31, \n 2026 2025 \n \n Revenue $ 205,138 $ 150,971 \n Cost of revenue 126,650 94,640 \n Gross profit 78,488 56,331 \n Operating expenses \n Sales and marketing 31,967 26,435 \n Operations and support 19,659 17,090 \n Product development 11,428 11,171 \n General and administrative 20,654 17,026 \n Total operating expenses 83,708 71,722 \n Loss from operations (5,220 ) (15,391 ) \n Other (expenses) income \n Interest expense (1,258 ) (1,188 ) \n Interest and dividend income 1,785 2,277 \n Other expenses (464 ) (880 ) \n Income from unconsolidated joint venture 146 106 \n Total other income 209 315 \n Loss before income taxes (5,011 ) (15,076 ) \n Provision for income taxes (248 ) — \n Net loss (5,259 ) (15,076 ) \n Net loss attributable to noncontrolling interest 8 2 \n Net income attributable to common stockholders $ (5,267 ) $ (15,078 ) \n Net loss per share, basic and diluted, of Class A and Class B common stock $ (0.10 ) $ (0.30 ) \n Weighted-average number of shares outstanding used to compute net loss per share, basic and diluted, of Class A and Class B common stock 51,912,516 50,335,053 \n \n Net loss $ (5,259 ) $ (15,076 ) \n Comprehensive loss: \n Foreign currency translation (690 ) 1,520 \n Total other comprehensive (loss) income (690 ) 1,520 \n Comprehensive loss (5,949 ) (13,556 ) \n Comprehensive income (loss) attributable to noncontrolling interest 13 (11 ) \n Total comprehensive loss attributable to common stockholders $ (5,962 ) $ (13,545 ) \n\n\n\n Xometry, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) \n \n Three Months Ended March 31, \n 2026 2025 \n Cash flows from operating activities: \n Net loss $ (5,259 ) $ (15,076 ) \n Adjustments to reconcile net loss to net cash used in operating activities: \n Depreciation and amortization 4,931 4,246 \n Reduction in carrying amount of right-of-use asset 552 1,100 \n Lease termination — (30 ) \n Stock-based compensation 8,327 7,342 \n Income from unconsolidated joint venture (86 ) (90 ) \n Donation of common stock 826 516 \n Amortization of deferred costs on convertible notes 571 465 \n Changes in other assets and liabilities: \n Accounts receivable, net (22,664 ) (13,358 ) \n Inventory 273 (41 ) \n Prepaid expenses 214 (1,519 ) \n Other assets (3,113 ) (1,995 ) \n Accounts payable and accrued cost of revenue 17,657 15,048 \n Other accrued expenses 11,014 (540 ) \n Contract liabilities 1,761 1,877 \n Lease liabilities (340 ) (1,531 ) \n Other liabilities (55 ) (13 ) \n Income taxes payable 14 (92 ) \n Net cash provided by (used in) operating activities 14,623 (3,691 ) \n Cash flows from investing activities: \n Purchases of marketable securities (12,280 ) (2,271 ) \n Proceeds from sale of marketable securities 13,500 4,000 \n Capitalization of software development and purchases of property and equipment (10,581 ) (5,499 ) \n Distributions in excess of earnings 40 84 \n Net cash used in investing activities (9,321 ) (3,686 ) \n Cash flows from financing activities: \n Proceeds from stock options exercised 830 510 \n Net cash provided by financing activities 830 510 \n Effect of foreign currency translation on cash and cash equivalents (82 ) 142 \n Net increase (decrease) in cash and cash equivalents 6,050 (6,725 ) \n Cash and cash equivalents at beginning of the period 14,996 22,232 \n Cash and cash equivalents at end of the period $ 21,046 $ 15,507 \n Supplemental cash flow information: \n Cash paid for interest $ 429 $ 1,438 \n Cash paid for income taxes 227 — \n Non-cash investing and financing activities: \n Stock-based compensation included in capitalized software development costs 2,398 — \n Non-cash consideration in connection with business combination — 625 \n\n\n\n Xometry, Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures (In thousands, except share and per share amounts) (Unaudited) \n \n For the Three Months Ended March 31, \n 2026 2025 \n Adjusted EBITDA: \n Net loss $ (5,259 ) $ (15,076 ) \n Add (deduct): \n Interest expense, interest and dividend income and other expenses (63 ) (209 ) \n Depreciation and amortization ((1)) 4,931 4,246 \n Amortization of lease intangible — 180 \n Provision for income taxes 248 — \n Stock-based compensation ((2)) 8,327 7,342 \n Payroll tax expense related to stock-based compensation 1,605 1,473 \n Acquisition and other ((3)) — 251 \n Charitable contribution of common stock 826 516 \n Income from unconsolidated joint venture (146 ) (106 ) \n Restructuring charges ((4)) 16 1,461 \n Adjusted EBITDA $ 10,485 $ 78 \n\n\n\n For the Three Months Ended March 31, \n 2026 2025 \n Non-GAAP Net Income (Loss): \n Net loss $ (5,259 ) $ (15,076 ) \n Add (deduct): \n Stock-based compensation ((2)) 8,327 7,342 \n Payroll tax expense related to stock-based compensation 1,605 1,473 \n Amortization of lease intangible — 180 \n Amortization of deferred costs on convertible notes 571 465 \n Acquisition and other ((3)) — 251 \n Charitable contribution of common stock 826 516 \n Lease termination — (30 ) \n Restructuring charges ((4)) 16 1,461 \n Amortization of acquired intangible assets & patents ((5)) 803 804 \n Other amortization ((5)) — 92 \n Non-GAAP Net Income (Loss) $ 6,889 $ (2,522 ) \n \n Adjustments to numerator $ 540 $ — \n Weighted-average number of shares outstanding used to compute Non-GAAP Net Income (Loss) per share, basic and diluted, of Class A and Class B common stock 51,912,516 50,335,053 \n Non-GAAP effect of potentially dilutive Class A common stock 9,691,560 — \n Non-GAAP weighted-average shares used to compute Non-GAAP Net Income (Loss) per share, diluted 61,604,076 50,335,053 \n \n EPS, basic and diluted, of Class A and Class B common stock $ (0.10 ) $ (0.30 ) \n Non-GAAP EPS basic, of Class A and Class B common stock $ 0.13 $ (0.05 ) \n Non-GAAP EPS diluted, of Class A and Class B common stock $ 0.12 $ (0.05 ) \n\n(1)   Represents depreciation expense of the Company’s long-lived\ntangible assets and amortization expense of its finite-lived intangible\nassets, as included in the Company’s GAAP results of operations.\n(2)   Represents the non-cash expense related to stock-based awards granted\nto employees, as included in the Company's GAAP results of operations.\n(3)   Includes adjustments related to purchase accounting, the revaluation\nof contingent consideration, transaction costs and executive severance. \n(4)   Costs associated with the 2025 reduction in workforce.\n(5)   In the first quarter of 2026, we changed the definition of Non-GAAP\nNet Income (Loss) to exclude depreciation expense. Prior period amounts were\nrecast to conform to the new definition.\n\n\n\n Xometry, Inc. and Subsidiaries Reconciliation of GAAP EPS to Non-GAAP EPS (Unaudited) \n For the Three Months Ended March 31, \n 2026 2025 \n Non-GAAP EPS: \n GAAP EPS, diluted, of Class A and Class B common stock $ (0.10 ) $ (0.30 ) \n Non-GAAP effect of potentially dilutive Class A common stock 0.02 — \n Add (deduct): \n Stock-based compensation 0.14 0.15 \n Payroll tax expense related to stock-based compensation 0.03 0.03 \n Amortization of lease intangible — — \n Amortization of deferred costs on convertible notes 0.01 0.01 \n Acquisition and other — — \n Charitable contribution of common stock 0.01 0.01 \n Lease termination — — \n Restructuring charges — 0.03 \n Amortization of acquired intangible assets & patents 0.01 0.02 \n Other amortization — — \n Non-GAAP EPS, diluted, of Class A and Class B common stock $ 0.12 $ (0.05 ) \n\n\n\n Xometry, Inc. and Subsidiaries Segment Results (In thousands) (Unaudited) \n \n For the Three Months Ended March 31, \n 2026 2025 \n Segment Revenue: \n U.S. $ 172,216 $ 127,820 \n International 32,922 23,151 \n Total revenue $ 205,138 $ 150,971 \n \n Segment Cost of Revenue: \n U.S. $ 106,062 $ 79,940 \n International 20,588 14,700 \n Total cost of revenue $ 126,650 $ 94,640 \n \n Segment Adjusted EBITDA: \n U.S. $ 13,286 $ 3,010 \n International (2,801 ) (2,932 ) \n Total Adjusted EBITDA $ 10,485 $ 78 \n\n\n\n Xometry, Inc. and Subsidiaries Supplemental Information (In thousands) (Unaudited) \n \n For the Three Months Ended March 31, \n 2026 2025 \n Summary of Stock-based Compensation Expense and Payroll Taxes Related to Stock-Based Compensation Expense \n Sales and marketing $ 2,005 $ 2,382 \n Operations and support 2,782 2,978 \n Product development 1,151 2,016 \n General and administrative 3,994 1,439 \n Total stock-based compensation expense and payroll taxes related to stock-based compensation $ 9,932 $ 8,815 \n \n Summary of Depreciation and Amortization Expense \n Cost of revenue $ 177 $ 182 \n Sales and marketing 795 794 \n Operations and support 34 39 \n Product development 3,589 2,993 \n General and administrative 336 238 \n Total depreciation and amortization expense $ 4,931 $ 4,246 \n \n Summary of Restructuring Charges \n Sales and marketing $ — $ 85 \n Operations and support — 689 \n Product development 2 534 \n General and administrative 14 153 \n Total restructuring charges $ 16 $ 1,461 \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bfe5ae59-0761-40a3-b611-803d6eace2af)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6HZmzf","title":"Xometry Reports Record First Quarter 2026 Results","author":"Globe Newswire","ticker":"XMTR","created":"2026-05-07T11:05:01.004Z","tickers":["XMTR"],"exchange":"NASDAQ","article_body":"* Q1 revenue increased 36% year-over-year to a record $205 million, driven by\nrobust marketplace growth.\n* Q1 marketplace revenue growth accelerated to 40% year-over-year, driven by\nexpanding networks of buyers and suppliers and increasing wallet share.\n* Q1 gross profit increased 39% year-over-year to a record $78.5 million,\ndriven by strong marketplace growth and marketplace gross margin expansion.\n* Q1 Adjusted EBITDA improved $10.4 million year-over-year to Adjusted EBITDA\nof $10.5 million, driven by expanding marketplace gross margin and strong\noperating expense leverage.\n* Announced a new strategic partnership with Siemens\n(https://www.siemens.com/en-us/), to embed Xometry’s proprietary\nmanufacturability, pricing, sourcing and execution intelligence directly\nwithin Siemens Xcelerator. Siemens is purchasing approximately $50 million of\nXometry Class A common stock, underscoring its conviction that AI-powered\nintelligence will define the next generation of industrial software.\n* Strong operating results were driven by consistent execution across growth\ninitiatives: expanding buyer and supplier networks, driving deeper enterprise\nengagement, further expanding the marketplace platform, growing\ninternationally, and enhancing services offerings.\nNORTH BETHESDA, Md., May 07, 2026 (GLOBE NEWSWIRE) --  Xometry, Inc.\n(https://www.globenewswire.com/Tracker?data=xxyzilGO_lezmHV4ldFhTfaSM1k02jDM90TQJoghYnRVe_d0lv9hpRd8eOOqP6-AK1xbAUqVLxHhH0yndCRqRg==)\n(NASDAQ: XMTR), the global AI-native marketplace connecting buyers and\nsuppliers of custom manufacturing, today announced its financial results for\nthe first quarter ended March 31, 2026.\n\n“In the first quarter, we delivered 36% revenue growth year-over-year,\nunderscoring the strength of our marketplace innovation and expanding global\nnetwork,” said Randy Altschuler, CEO at Xometry\n(https://www.globenewswire.com/Tracker?data=Ejqbxp5NwXNcTCViltvDDr1rlwUAVcdRL4no6Ds1qdMXjX0x9_G0hLkSdGDy8zYCJlY8v0QkACXNcBTxToU29IcUuw-O8m-98_Dr4yAaO7VNDpDhjc74x3E0WZtr7BQpqVIg8aGGUd3Bnl6n-7UH3g==).\n“This quarter marks a significant acceleration of marketplace growth, driven\nby increasing wallet share and rapid adoption of our supply chain\nsolutions.”\n\n“We delivered robust marketplace gross profit growth in Q1, which increased\n53% year-over-year,” said James Miln, CFO at Xometry\n(https://www.globenewswire.com/Tracker?data=h4HDUx1Ed88zP0P8Vdb9eW5xUHUPNIBjHRtxAnxuAwmIyHCb-Du4RGCQC6g_mItcmGs8WystoBNem8bwLm1rtUFk3gZMsAnUHxExVREnujYWIFynEFhnsm0udFeI4aCW).\n“Our Adjusted EBITDA improved by $10.4 million year-over-year to $10.5\nmillion, reflecting the strong leverage in our marketplace model. We expect to\ncontinue to deliver 20% annual incremental Adjusted EBITDA margins as we\nrapidly scale to $1 billion in revenue.”\n                                                                                                                            \n\nFirst Quarter 2026 Financial Highlights\n* Total revenue for the first quarter of 2026 was $205 million, an increase of\n36% year-over-year.\n* Marketplace revenue for the first quarter of 2026 was $191 million, an\nincrease of 40% year-over-year.\n* Marketplace Active Buyers increased 20% from 71,454 as of March 31, 2025 to\n85,581 as of March 31, 2026.\n* Marketplace Accounts with Last Twelve-Months Spend of at least $50,000\nincreased 21% from 1,545 as of March 31, 2025 to 1,864 as of March 31, 2026.\n* Services revenue for the first quarter of 2026 was $13.8 million, roughly\nflat quarter-over-quarter. \n* Net loss attributable to common stockholders for the first quarter of 2026\nwas $5.3 million.\n* Adjusted EBITDA for the first quarter of 2026 was $10.5 million, reflecting\nan improvement of $10.4 million year-over-year.\n* Non-GAAP net income for the first quarter of 2026 was $6.9 million, as\ncompared to a Non-GAAP net loss of $2.5 million in the first quarter of\n2025. \n* Cash, cash equivalents and marketable securities were $224 million as of\nMarch 31, 2026, an increase of $4.8 million from December 31, 2025 driven by\n$14.6 million of operating cash flow.   \nFirst Quarter 2026 Business Highlights:  \n* Xometry introduced a new enterprise machining lead time model into its\nInstant Quoting Engine, significantly enhancing its predictive intelligence.\nThis deep learning model, trained on a dataset four times larger than previous\nversions, is designed to improve reliability and execution speed for\nenterprise buyers. The key results are superior prediction accuracy, expanded\nrapid delivery (including 1-day lead times), and enhanced operational\nthroughput, leading to a reduction in standard lead time offerings. The model\nalso incorporates critical factors such as specialized certifications, new\nmaterials and finishing options.\n* Xometry enhanced the dynamic pricing logic in its Instant Quoting Engine.\nXometry's approach uses a \"conversion rate model\" that analyzes unique\ngeometric features, quote configurations, and customer-specific historical\ndata to construct a price-response function tailored for every individual\nquote and part.\n* Xometry further improved its injection molding offering in the U.S. by\nintroducing six new materials and three additional finishes to give buyers\ngreater choice. These additions increase the selection of instant quoting\ninjection-molded parts by over 15%. Xometry’s proprietary AI-powered\nplatform manages the full lifecycle of injection molding needs from initial\nquoting to delivery to reordering in one of the largest custom manufacturing\nmarkets in the U.S. The platform enables a spectrum of injection molding\noptions – from prototype and low-volume bridge tooling to high-volume,\nmulti-cavity production tooling.\n* Xometry simplified the reordering process for marketplace customers by\nintroducing a \"name your part\" feature which enables customers to match their\ninternal naming conventions and harmonizes their Xometry parts library and SKU\nstructure with their internal systems. \n Financial Summary \n (In thousands, except per share amounts) \n (Unaudited) \n For the Three Months Ended March 31, \n 2026 2025 % Change \n \n Consolidated \n Revenue $ 205,138 $ 150,971 36 % \n Gross profit 78,488 56,331 39 % \n Net loss attributable to common stockholders (5,267 ) (15,078 ) 65 % \n EPS, basic and diluted, of Class A and Class B common stock (0.10 ) (0.30 ) 67 % \n Adjusted EBITDA ((1)) 10,485 78 13,342 % \n Non-GAAP net income (loss) ((1)) 6,889 (2,522 ) 373 % \n Non-GAAP EPS, basic ((1)), of Class A and Class B common stock 0.13 (0.05 ) 360 % \n Non-GAAP EPS, diluted ((1)), of Class A and Class B common stock 0.12 (0.05 ) 340 % \n \n Marketplace \n Revenue $ 191,318 $ 136,353 40 % \n Cost of revenue 124,873 93,046 34 % \n Gross Profit $ 66,445 $ 43,307 53 % \n Gross Margin 34.7 % 31.8 % 2.9 % \n \n Services \n Revenue $ 13,820 $ 14,618 (5 )% \n Cost of revenue 1,777 1,594 11 % \n Gross Profit $ 12,043 $ 13,024 (8 )% \n Gross Margin 87.1 % 89.1 % (2.0 )% \n\n(1) These non-GAAP financial measures, and the reasons why we believe these\nnon-GAAP financial measures are useful, are described below and reconciled to\ntheir most directly comparable GAAP measures in the accompanying tables.\n\nKey Operating Metrics((2)):\n\n As of March 31, \n 2026 2025 % Change \n \n Active Buyers ((3)) 85,581 71,454 20 % \n Percentage of Revenue from Existing Accounts ((3)) 98 % 98 % \n Accounts with Last Twelve-Months Spend of at Least $50,000 ((3)) 1,864 1,545 21 % \n\n(2) These key operating metrics are for Marketplace. See “Key Terms for our\nKey Metrics and Non-GAAP Financial Measures” below for definitions of these\nmetrics. \n(3) Amounts shown for Active Buyers and Accounts with Last Twelve-Months Spend\nof at Least $50,000 are as of March 31, 2026 and 2025, and Percentage of\nRevenue from Existing Accounts is presented for the quarters ended March 31,\n2026 and 2025.       \n\nFinancial Guidance and Outlook:\n\n Q2 2026 \n (in millions) \n Low High \n Revenue $ 214 $ 216 \n Adjusted EBITDA $ 11 $ 12 \n* For Q2 2026, we expect revenue of $214-$216 million, representing 32-33%\ngrowth year-over-year driven by 35-36% marketplace growth.\n* For Q2 2026, we expect Adjusted EBITDA of $11-$12 million, an improvement\nfrom Adjusted EBITDA of $3.9 million in Q2 2025.\n* For Full Year 2026, we are raising our revenue growth outlook from previous\nguidance of at least 21% to 27-28% driven by approximately 30% marketplace\ngrowth.\n* For Full Year 2026, we expect incremental Adjusted EBITDA margins of at\nleast 20%.\nXometry’s second quarter and full year 2026 financial outlook is based on a\nnumber of assumptions that are subject to change and may be outside of its\ncontrol. If actual results vary from these assumptions, Xometry’s\nexpectations may change. There can be no assurance that Xometry will achieve\nthese results.\n\nReconciliation of Adjusted EBITDA on a forward-looking basis to net loss, the\nmost directly comparable GAAP measure, is not available without unreasonable\nefforts due to the high variability and complexity and low visibility with\nrespect to certain charges excluded from this non-GAAP measure, including\ninterest and dividend income, (provision) benefit for income taxes, charitable\ncontributions of common stock and impairment of assets. Xometry expects the\nvariability of these items could have a significant, and potentially\nunpredictable, impact on its future GAAP financial results.  \n\nUse of Non-GAAP Financial Measures\n\nTo supplement its consolidated financial statements, which are prepared and\npresented in accordance with generally accepted accounting principles in the\nUnited States of America (“GAAP”), Xometry, Inc. (“Xometry”, the\n“Company”, “we” or “our”) uses Adjusted EBITDA, non-GAAP net\nincome (loss) and non-GAAP Earnings Per Share, basic and diluted, which are\nconsidered non-GAAP financial measures, as described below. These non-GAAP\nfinancial measures are presented to enhance the user’s overall understanding\nof Xometry’s financial performance and should not be considered a substitute\nfor, nor superior to, the financial information prepared and presented in\naccordance with GAAP. The non-GAAP financial measures presented in this\nrelease, together with the GAAP financial results, are the primary measures\nused by the Company’s management and board of directors to understand and\nevaluate the Company’s financial performance and operating trends, including\nperiod-to-period comparisons, because they exclude certain expenses and gains\nthat management believes are not indicative of the Company’s core operating\nresults. Management also uses these measures to prepare and update the\nCompany’s short and long term financial and operational plans, to evaluate\ninvestment decisions, and in its discussions with investors, commercial\nbankers, equity research analysts and other users of the Company’s financial\nstatements. Accordingly, the Company believes that these non-GAAP financial\nmeasures provide useful information to investors and others in understanding\nand evaluating the Company’s operating results in the same manner as the\nCompany’s management and in comparing operating results across periods and\nto those of Xometry’s peer companies. In addition, from time to time we may\npresent adjusted information (for example, revenue growth) to exclude the\nimpact of certain gains, losses or other changes that affect period-to-period\ncomparability of our operating performance.\n\nThe use of non-GAAP financial measures has certain limitations because they do\nnot reflect all items of income and expense, or cash flows, that affect the\nCompany’s financial performance and operations. Additionally, non-GAAP\nfinancial measures do not have standardized meanings, and therefore other\ncompanies, including peer companies, may use the same or similarly named\nmeasures but exclude or include different items or use different computations.\nManagement compensates for these limitations by reconciling these non-GAAP\nfinancial measures to their most comparable GAAP financial measures in the\ntables captioned “Reconciliations of Non-GAAP Financial Measures” included\nat the end of this release. Investors and others are encouraged to review the\nCompany’s financial information in its entirety and not rely on a single\nfinancial measure.\n\nChange in Non-GAAP Financial Measure\n\nEffective January 1, 2026, we revised our definition of Non-GAAP Net Income\n(Loss) to exclude depreciation expense which had previously been included as\nan adjustment. Management believes this revised definition provides a more\nrepresentative view of our core operating performance. All prior-period\namounts have been recast to conform to this new definition.\n\nKey Terms for our Key Metrics and Non-GAAP Financial Measures\n\nMarketplace revenue: includes the sale of parts and assemblies on our\nplatform.\n\nServices revenue: includes the sales of marketing and advertising services\nand, to a lesser extent, financial service products and SaaS-based solutions.\n\nActive Buyers: The Company defines “buyers” as individuals who have placed\nan order to purchase on-demand parts or assemblies on our marketplace. The\nCompany defines Active Buyers as the number of buyers who have made at least\none purchase on our marketplace during the last twelve months.\n\nActive Suppliers: The Company defines “suppliers” as individuals or\nbusinesses that have been approved by us to either manufacture a product on\nour platform for a buyer or have utilized our supplier services, including our\ndigital marketing services, data services, financial services or tools and\nmaterials. The Company defines Active Suppliers as suppliers that have used\nour platform at least once during the last twelve months to manufacture a\nproduct.\n\nPercentage of Revenue from Existing Accounts: The Company defines an\n“account” as an individual entity, such as a sole proprietor with a single\nbuyer or corporate entities with multiple buyers, having purchased at least\none part on our marketplace. The Company defines an existing account as an\naccount where at least one buyer has made a purchase on our marketplace.\n\nAccounts with Last Twelve-Month Spend of at Least $50,000: The Company defines\nAccounts with Last Twelve-Month Spend of at Least $50,000 as an account that\nhas spent at least $50,000 on our marketplace in the most recent twelve-month\nperiod.\n\nAdjusted earnings before interest, taxes, depreciation and amortization\n(Adjusted EBITDA): The Company defines Adjusted EBITDA as net loss, adjusted\nfor interest expense, interest and dividend income and other expenses, and\ncertain other non-cash or non-recurring items impacting net loss from time to\ntime, principally comprised of depreciation and amortization, amortization of\nlease intangible, provision for income taxes, stock-based compensation,\npayroll tax expense related to stock-based compensation, charitable\ncontributions of common stock, income from unconsolidated joint venture,\nrestructuring charges and acquisition and other adjustments not reflective of\nthe Company’s ongoing business, such as adjustments related to purchase\naccounting, the revaluation of contingent consideration, transaction costs and\nexecutive severance.\n\nNon-GAAP net income (loss): The Company defines non-GAAP net income (loss) as\nnet loss adjusted for stock-based compensation, payroll tax expense related to\nstock-based compensation, amortization of lease intangible, amortization of\ndeferred costs on convertible notes, charitable contributions of common stock,\nlease termination, restructuring charges, amortization of acquired intangible\nassets & patents, other amortization and acquisition and other adjustments not\nreflective of the Company’s ongoing business, such as adjustments related to\npurchase accounting, the revaluation of contingent consideration, transaction\ncosts and executive severance.\n\nNon-GAAP Earnings Per Share, basic and diluted (Non-GAAP EPS, basic and\ndiluted): The Company calculates non-GAAP earnings per share, basic and\ndiluted as non-GAAP net income (loss) divided by the weighted average number\nof basic or dilutive shares of common stock outstanding.\n\nManagement believes that the exclusion of certain expenses and gains in\ncalculating Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP EPS,\nbasic and diluted, provides a useful measure for period-to-period comparisons\nof the Company’s underlying core revenue and operating costs that is focused\nmore closely on the current costs necessary to operate the Company’s\nbusinesses and reflects its ongoing business in a manner that allows for\nmeaningful analysis of trends. Management also believes that excluding certain\nnon-cash charges can be useful because the amount of such expenses is the\nresult of long-term investment decisions made in previous periods rather than\nday-to-day operating decisions.\n\nAbout Xometry\nXometry’s\n(https://www.globenewswire.com/Tracker?data=xxyzilGO_lezmHV4ldFhTSkL53yTNqcBjmgJcC50aWRjMHSXf8j7fQBEnDeeCELJQObdIM2kP6dRQkrygtX0QLrgDWK3VJU27hibRW85apg=) (NASDAQ:\nXMTR) AI-native marketplace\n(https://www.globenewswire.com/Tracker?data=l-PaRI29MwYy5Xjg8ucs1eaB4ZYxj5DtBoTyxLJoKaqC_WxDcN9CnbGbfdcUjalXBhJfCzGqfVz1yd8zRQPsQvEiZsBiM1bc_1e8yOOMBWQ=),\npopular Thomasnet\n(https://www.globenewswire.com/Tracker?data=O76m9B1oqhCDCbT9dw5bow6F3_m6l8zfD4fxHFYv5EY5TRfikNi_1ZDJaSnUyDTWPPRiYzsOfH3Wlw10NPmEZg==)®\nindustrial sourcing platform and suite of cloud-based services are rapidly\ndigitizing the manufacturing industry. Xometry provides manufacturers the\ncritical resources they need to grow their business and streamlines the\nprocurement process for buyers through real-time pricing and lead time data.\nLearn more at xometry.com\n(https://www.globenewswire.com/Tracker?data=0LunUhNtLeHaUQqQdqSZHMdl_XJp41OyzSKVy2ty5eqkHsfhN20WZZ_mDTQ7TE6mZL7Drs0kEXQkIcH2lYkbfw==) and xometry.eu\n(https://www.globenewswire.com/Tracker?data=0LunUhNtLeHaUQqQdqSZHAr9Zt_sX6gUoXc1EJfPDosgUgSS5XyBUDegepsTpt5Cdudz8A-JwyCp31XCyPgPJg==).\n\nConference Call and Webcast Information\nThe Company will host a conference call and webcast to discuss the results at\n8:30 a.m. ET (5:30 a.m. PT) on May 7, 2026. In addition to its press release\nannouncing its first quarter 2026 financial results, Xometry will release an\nearnings presentation, which will be available on its investor website at\ninvestors.xometry.com\n(https://www.globenewswire.com/Tracker?data=yI1XK9vLl28hSrvKT7qZPB5otNXX_F4_HGZxsq4-BNeiOj-hv_q6p021cY9EZfQQJcLXLf8HfFGdYMgKthPcKxFmGVA8rU7HrAGKgGTCm0E=).\n\nXometry, Inc. First Quarter 2026 Earnings Presentation and Conference Call\n* Thursday, May 7, 2026\n* 8:30 a.m. Eastern / 5:30 a.m. Pacific\n* To access the webcast use the following link:\nhttps://register-conf.media-server.com/register\n* You may also visit the Xometry Investor Relations Homepage at\ninvestors.xometry.com (https://investors.xometry.com/) to listen to a live\nwebcast of the call\nCautionary Information Regarding Forward-Looking Statements\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, which statements involve\nsubstantial risks and uncertainties. Forward-looking statements generally\nrelate to future events or our future financial or operating performance. In\nsome cases, you can identify forward-looking statements because they contain\nwords such as “may,” “will,” “should,” “expect,” “plan,”\n“anticipate,” “could,” “would,” “intend,” “target,”\n“project,” “contemplate,” “believe,” “estimate,”\n“predict,” “potential” or “continue” or the negative of these\nwords or other similar terms or expressions that concern our expectations,\nstrategy, plans or intentions. Forward-looking statements in this press\nrelease include, but are not limited to, our beliefs regarding our financial\nposition and operating performance, including our outlook and guidance for the\nsecond quarter of 2026 and the full year 2026; our expectations regarding our\ngrowth; and statements regarding our strategies, initiatives, products and\nplatform capabilities. Our expectations and beliefs regarding these matters\nmay not materialize, and actual results in future periods are subject to risks\nand uncertainties that could cause actual results to differ materially from\nthose projected, including risks and uncertainties related to: competition,\nmanaging our growth, financial performance, our ability to forecast our\nperformance due to our limited operating history, investments in new products\nor offerings, our ability to attract buyers and sellers to our marketplace,\nlegal proceedings and regulatory matters and developments, any future changes\nto our business or our financial or operating model, our brand and reputation,\nand the impact of fluctuations in general macroeconomic conditions, such as\nfluctuations in inflation and rising interest rates. The forward-looking\nstatements contained in this press release are also subject to other risks and\nuncertainties that could cause actual results to differ from the results\npredicted, including those more fully described in our filings with the SEC,\nincluding our Annual Report on Form 10-K for the year ended December 31, 2025,\nour Quarterly Reports on Form 10-Q, and other filings and reports that we may\nfile from time to time with the SEC. All forward-looking statements in this\npress release are based on information available to Xometry and assumptions\nand beliefs as of the date hereof, and we disclaim any obligation to update\nany forward-looking statements, except as required by law. \n\n \n Investor Contact: Media Contact: \n Shawn Milne Lauran Cacciatori \n VP Investor Relations VP Communications \n 240-335-8132 773-610-0806 \n shawn.milne@xometry.com lauran.cacciatori@xometry.com \n\n\n\n Xometry, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited) \n March 31, December 31, \n 2026 2025 \n Assets \n Current assets: \n Cash and cash equivalents $ 21,046 $ 14,996 \n Marketable securities 202,925 204,145 \n Accounts receivable, less allowance for credit losses of $7.1 million and $8.0 million as of March 31, 2026 and December 31, 2025, respectively 119,746 97,370 \n Inventory 3,600 3,917 \n Prepaid expenses 7,039 7,262 \n Other current assets 9,699 6,954 \n Total current assets 364,055 334,644 \n Software development and property and equipment, net 69,174 60,631 \n Operating lease right-of-use assets 10,714 11,132 \n Investment in unconsolidated joint venture 4,115 4,069 \n Intangible assets, net 27,759 28,563 \n Goodwill 263,558 263,801 \n Other assets 888 880 \n Total assets $ 740,263 $ 703,720 \n Liabilities and stockholders’ equity \n Current liabilities: \n Accounts payable and accrued cost of revenue $ 62,271 $ 44,612 \n Other accrued expenses 42,086 31,669 \n Contract liabilities 12,027 10,319 \n Income taxes payable 283 269 \n Convertible notes, current portion 85,343 — \n Operating lease liabilities, current portion 2,402 2,067 \n Total current liabilities 204,412 88,936 \n Convertible notes, net of current portion 242,742 327,514 \n Operating lease liabilities, net of current portion 9,303 9,841 \n Deferred income taxes 145 145 \n Other liabilities 492 547 \n Total liabilities 457,094 426,983 \n Commitments and contingencies \n Stockholders’ equity \n Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of March 31, 2026 and December 31, 2025 — — \n Class A Common stock, $0.000001 par value. Authorized; 750,000,000 shares; 50,765,219 shares and 49,842,220 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively — — \n Class B Common stock, $0.000001 par value. Authorized; 5,000,000 shares; 1,475,311 shares issued and outstanding as of March 31, 2026 and December 31, 2025 — — \n Additional paid-in capital 723,306 710,925 \n Treasury stock, at cost, 220,994 shares as of March 31, 2026 and December 31, 2025 (8,080 ) (8,080 ) \n Accumulated other comprehensive income (loss) 4,077 4,772 \n Accumulated deficit (437,283 ) (432,016 ) \n Total stockholders’ equity 282,020 275,601 \n Noncontrolling interest 1,149 1,136 \n Total equity 283,169 276,737 \n Total liabilities and stockholders’ equity $ 740,263 $ 703,720 \n\n\n\n Xometry, Inc. and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Loss (In thousands, except share and per share amounts) (Unaudited) \n Three Months Ended March 31, \n 2026 2025 \n \n Revenue $ 205,138 $ 150,971 \n Cost of revenue 126,650 94,640 \n Gross profit 78,488 56,331 \n Operating expenses \n Sales and marketing 31,967 26,435 \n Operations and support 19,659 17,090 \n Product development 11,428 11,171 \n General and administrative 20,654 17,026 \n Total operating expenses 83,708 71,722 \n Loss from operations (5,220 ) (15,391 ) \n Other (expenses) income \n Interest expense (1,258 ) (1,188 ) \n Interest and dividend income 1,785 2,277 \n Other expenses (464 ) (880 ) \n Income from unconsolidated joint venture 146 106 \n Total other income 209 315 \n Loss before income taxes (5,011 ) (15,076 ) \n Provision for income taxes (248 ) — \n Net loss (5,259 ) (15,076 ) \n Net loss attributable to noncontrolling interest 8 2 \n Net income attributable to common stockholders $ (5,267 ) $ (15,078 ) \n Net loss per share, basic and diluted, of Class A and Class B common stock $ (0.10 ) $ (0.30 ) \n Weighted-average number of shares outstanding used to compute net loss per share, basic and diluted, of Class A and Class B common stock 51,912,516 50,335,053 \n \n Net loss $ (5,259 ) $ (15,076 ) \n Comprehensive loss: \n Foreign currency translation (690 ) 1,520 \n Total other comprehensive (loss) income (690 ) 1,520 \n Comprehensive loss (5,949 ) (13,556 ) \n Comprehensive income (loss) attributable to noncontrolling interest 13 (11 ) \n Total comprehensive loss attributable to common stockholders $ (5,962 ) $ (13,545 ) \n\n\n\n Xometry, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) \n \n Three Months Ended March 31, \n 2026 2025 \n Cash flows from operating activities: \n Net loss $ (5,259 ) $ (15,076 ) \n Adjustments to reconcile net loss to net cash used in operating activities: \n Depreciation and amortization 4,931 4,246 \n Reduction in carrying amount of right-of-use asset 552 1,100 \n Lease termination — (30 ) \n Stock-based compensation 8,327 7,342 \n Income from unconsolidated joint venture (86 ) (90 ) \n Donation of common stock 826 516 \n Amortization of deferred costs on convertible notes 571 465 \n Changes in other assets and liabilities: \n Accounts receivable, net (22,664 ) (13,358 ) \n Inventory 273 (41 ) \n Prepaid expenses 214 (1,519 ) \n Other assets (3,113 ) (1,995 ) \n Accounts payable and accrued cost of revenue 17,657 15,048 \n Other accrued expenses 11,014 (540 ) \n Contract liabilities 1,761 1,877 \n Lease liabilities (340 ) (1,531 ) \n Other liabilities (55 ) (13 ) \n Income taxes payable 14 (92 ) \n Net cash provided by (used in) operating activities 14,623 (3,691 ) \n Cash flows from investing activities: \n Purchases of marketable securities (12,280 ) (2,271 ) \n Proceeds from sale of marketable securities 13,500 4,000 \n Capitalization of software development and purchases of property and equipment (10,581 ) (5,499 ) \n Distributions in excess of earnings 40 84 \n Net cash used in investing activities (9,321 ) (3,686 ) \n Cash flows from financing activities: \n Proceeds from stock options exercised 830 510 \n Net cash provided by financing activities 830 510 \n Effect of foreign currency translation on cash and cash equivalents (82 ) 142 \n Net increase (decrease) in cash and cash equivalents 6,050 (6,725 ) \n Cash and cash equivalents at beginning of the period 14,996 22,232 \n Cash and cash equivalents at end of the period $ 21,046 $ 15,507 \n Supplemental cash flow information: \n Cash paid for interest $ 429 $ 1,438 \n Cash paid for income taxes 227 — \n Non-cash investing and financing activities: \n Stock-based compensation included in capitalized software development costs 2,398 — \n Non-cash consideration in connection with business combination — 625 \n\n\n\n Xometry, Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures (In thousands, except share and per share amounts) (Unaudited) \n \n For the Three Months Ended March 31, \n 2026 2025 \n Adjusted EBITDA: \n Net loss $ (5,259 ) $ (15,076 ) \n Add (deduct): \n Interest expense, interest and dividend income and other expenses (63 ) (209 ) \n Depreciation and amortization ((1)) 4,931 4,246 \n Amortization of lease intangible — 180 \n Provision for income taxes 248 — \n Stock-based compensation ((2)) 8,327 7,342 \n Payroll tax expense related to stock-based compensation 1,605 1,473 \n Acquisition and other ((3)) — 251 \n Charitable contribution of common stock 826 516 \n Income from unconsolidated joint venture (146 ) (106 ) \n Restructuring charges ((4)) 16 1,461 \n Adjusted EBITDA $ 10,485 $ 78 \n\n\n\n For the Three Months Ended March 31, \n 2026 2025 \n Non-GAAP Net Income (Loss): \n Net loss $ (5,259 ) $ (15,076 ) \n Add (deduct): \n Stock-based compensation ((2)) 8,327 7,342 \n Payroll tax expense related to stock-based compensation 1,605 1,473 \n Amortization of lease intangible — 180 \n Amortization of deferred costs on convertible notes 571 465 \n Acquisition and other ((3)) — 251 \n Charitable contribution of common stock 826 516 \n Lease termination — (30 ) \n Restructuring charges ((4)) 16 1,461 \n Amortization of acquired intangible assets & patents ((5)) 803 804 \n Other amortization ((5)) — 92 \n Non-GAAP Net Income (Loss) $ 6,889 $ (2,522 ) \n \n Adjustments to numerator $ 540 $ — \n Weighted-average number of shares outstanding used to compute Non-GAAP Net Income (Loss) per share, basic and diluted, of Class A and Class B common stock 51,912,516 50,335,053 \n Non-GAAP effect of potentially dilutive Class A common stock 9,691,560 — \n Non-GAAP weighted-average shares used to compute Non-GAAP Net Income (Loss) per share, diluted 61,604,076 50,335,053 \n \n EPS, basic and diluted, of Class A and Class B common stock $ (0.10 ) $ (0.30 ) \n Non-GAAP EPS basic, of Class A and Class B common stock $ 0.13 $ (0.05 ) \n Non-GAAP EPS diluted, of Class A and Class B common stock $ 0.12 $ (0.05 ) \n\n(1)   Represents depreciation expense of the Company’s long-lived\ntangible assets and amortization expense of its finite-lived intangible\nassets, as included in the Company’s GAAP results of operations.\n(2)   Represents the non-cash expense related to stock-based awards granted\nto employees, as included in the Company's GAAP results of operations.\n(3)   Includes adjustments related to purchase accounting, the revaluation\nof contingent consideration, transaction costs and executive severance. \n(4)   Costs associated with the 2025 reduction in workforce.\n(5)   In the first quarter of 2026, we changed the definition of Non-GAAP\nNet Income (Loss) to exclude depreciation expense. Prior period amounts were\nrecast to conform to the new definition.\n\n\n\n Xometry, Inc. and Subsidiaries Reconciliation of GAAP EPS to Non-GAAP EPS (Unaudited) \n For the Three Months Ended March 31, \n 2026 2025 \n Non-GAAP EPS: \n GAAP EPS, diluted, of Class A and Class B common stock $ (0.10 ) $ (0.30 ) \n Non-GAAP effect of potentially dilutive Class A common stock 0.02 — \n Add (deduct): \n Stock-based compensation 0.14 0.15 \n Payroll tax expense related to stock-based compensation 0.03 0.03 \n Amortization of lease intangible — — \n Amortization of deferred costs on convertible notes 0.01 0.01 \n Acquisition and other — — \n Charitable contribution of common stock 0.01 0.01 \n Lease termination — — \n Restructuring charges — 0.03 \n Amortization of acquired intangible assets & patents 0.01 0.02 \n Other amortization — — \n Non-GAAP EPS, diluted, of Class A and Class B common stock $ 0.12 $ (0.05 ) \n\n\n\n Xometry, Inc. and Subsidiaries Segment Results (In thousands) (Unaudited) \n \n For the Three Months Ended March 31, \n 2026 2025 \n Segment Revenue: \n U.S. $ 172,216 $ 127,820 \n International 32,922 23,151 \n Total revenue $ 205,138 $ 150,971 \n \n Segment Cost of Revenue: \n U.S. $ 106,062 $ 79,940 \n International 20,588 14,700 \n Total cost of revenue $ 126,650 $ 94,640 \n \n Segment Adjusted EBITDA: \n U.S. $ 13,286 $ 3,010 \n International (2,801 ) (2,932 ) \n Total Adjusted EBITDA $ 10,485 $ 78 \n\n\n\n Xometry, Inc. and Subsidiaries Supplemental Information (In thousands) (Unaudited) \n \n For the Three Months Ended March 31, \n 2026 2025 \n Summary of Stock-based Compensation Expense and Payroll Taxes Related to Stock-Based Compensation Expense \n Sales and marketing $ 2,005 $ 2,382 \n Operations and support 2,782 2,978 \n Product development 1,151 2,016 \n General and administrative 3,994 1,439 \n Total stock-based compensation expense and payroll taxes related to stock-based compensation $ 9,932 $ 8,815 \n \n Summary of Depreciation and Amortization Expense \n Cost of revenue $ 177 $ 182 \n Sales and marketing 795 794 \n Operations and support 34 39 \n Product development 3,589 2,993 \n General and administrative 336 238 \n Total depreciation and amortization expense $ 4,931 $ 4,246 \n \n Summary of Restructuring Charges \n Sales and marketing $ — $ 85 \n Operations and support — 689 \n Product development 2 534 \n General and administrative 14 153 \n Total restructuring charges $ 16 $ 1,461 \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bfe5ae59-0761-40a3-b611-803d6eace2af)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-07T11:05:01.083598211Z","server_sent_at_ms":1778151901083},"received_at":"2026-05-07T11:05:01.285Z","source_url":"https://www.globenewswire.com/news-release/2026/05/07/3289838/0/en/xometry-reports-record-first-quarter-2026-results.html"},"analysis":{"id":"19784","press_release_id":"25275","analysis_json":{"industry":{"label":"Commercial & Professional Services","sector":"Industrials"},"redFlags":[],"eventType":"earnings","narrative":"Xometry delivered record Q1 revenue of $205 million, up 36% year-over-year, with marketplace revenue accelerating 40% to $191 million.\n\nAdjusted EBITDA improved by $10.4 million to reach positive $10.5 million, driven by margin expansion and operating leverage, prompting a raise in full-year revenue growth guidance to 27-28%.\n\nThe company announced a strategic partnership with Siemens, embedding Xometry's AI intelligence into Siemens Xcelerator, with Siemens purchasing approximately $50 million of Xometry Class A common stock.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Beat-and-raise with positive EBITDA inflection and a strategic $50M investment from Siemens."},"keyFigures":{"revenue":205138000,"guidance":"Q2 2026 Revenue $214-$216M (32-33% YoY), Adj. 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