Xometry, Inc.

Listed Company

XMTRCIK 0001657573NasdaqLarge AcceleratedServices-Business Services, NecMarylandFY ends Dec 31

Period

FY 2025

Revenue

$686.63M

Net Income

$-61.75M

Total Assets

$703.72M

Equity

$275.60M

Shares Out

46.12M

Op. Cash Flow

$6.09M

Business

Xometry, Inc. operates an AI-powered online manufacturing marketplace and a suite of cloud-based services that digitize sourcing and production for buyers and suppliers. It offers instant quoting, design-for-manufacturing feedback, procurement e-commerce, carbon offset options, supplier financial services, and marketing and advertising solutions. Its key business platforms include the Xometry marketplace, Thomasnet industrial sourcing platform, Workcenter manufacturing execution system, and Teamspace collaborative enterprise workspace. Xometry serves global buyers and suppliers through localized online platforms, enterprise integrations, plug-ins, and a North American industrial directory.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	687	546	463	381	218
Cost of revenue	418	330	285	235	161
Gross profit	269	216	178	146	57
Sales and marketing	123	108	94	84	39
Operations and support	72	59	52	49	24
Product development	47	39	34	31	18
General and administrative	72	65	71	58	35
Impairment of assets	49,000	82,000	397,000	824,000	—
Total operating expenses	314	272	252	223	116
Loss from operations	−46	−56	−74	−77	−59
Interest expense	−5	−5	−5	−4	−852,000
Interest and dividend income	9	11	12	4	982,000
Other expenses	−20	−757,000	−2	−2	−3
Income from unconsolidated joint venture	404,000	452,000	446,000	570,000	41,000
Total other (expenses) income	−16	6	6	−2	−3
Loss before income taxes	−61	−50	−68	−79	−61
(Provision) benefit for income taxes	−589,000	21,000	353,000	−36,000	—
Net loss	−62	−50	−67	−79	−61
Net (loss) income attributable to noncontrolling interest	−5,000	−2,000	7,000	16,000	−2,000
Net loss attributable to common stockholders	−62	−50	−67	−79	−61
Foreign currency translation	5	−1	849,000	−81,000	−61,000
Total other comprehensive income (loss)	5	−1	849,000	−81,000	−61,000
Comprehensive loss	−57	−52	−67	−79	−61
Comprehensive (loss) income attributable to noncontrolling interest	−7,000	24,000	29,000	56,000	0
Total comprehensive loss attributable to common stockholders	−57	−52	−67	−79	−61

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	15	22	53	66	86
Marketable securities	204	218	215	254	30
Accounts receivable, less allowance for credit losses of $8.0 million and $4.9 million as of December 31, 2025 and December 31, 2024	97	74	70	49	32
Inventory	4	4	3	2	2
Prepaid expenses	7	5	6	8	7
Other current assets	7	5	9	9	6
Total current assets	335	328	356	387	163
Property and equipment, net	61	45	36	19	10
Operating lease right-of-use assets	11	8	12	26	27
Investment in unconsolidated joint venture	4	4	4	4	4
Intangible assets, net	29	32	36	39	42
Goodwill	264	263	263	258	255
Other assets	880,000	412,000	471,000	413,000	773,000
Total assets	704	680	707	734	503
Accounts payable and accrued cost of revenue	45	35	44	—	—
Other accrued expenses	32	24	23	—	—
Contract liabilities	10	8	7	9	8
Income taxes payable	269,000	979,000	2	4	—
Operating lease liabilities, current portion	2	6	7	5	6
Total current liabilities	89	75	83	64	57
Convertible notes	328	284	282	280	—
Operating lease liabilities, net of current portion	10	5	11	17	17
Deferred income taxes	145,000	229,000	275,000	429,000	18,000
Other liabilities	547,000	817,000	778,000	1	2
Total liabilities	427	365	377	362	77
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of December 31, 2025 and December 31, 2024	—	—	—	—	—
Additional paid-in capital	711	685	648	623	598
Treasury stock, at cost, 220,994 and zero shares as of December 31, 2025 and December 31, 2024, respectively	−8	0	—	—	—
Accumulated other comprehensive income (loss)	5	−328,000	855,000	28,000	149,000
Accumulated deficit	−432	−370	−320	−252	−173
Total stockholders' equity	276	314	329	371	424
Noncontrolling interest	1	1	1	1	1
Total equity	277	316	330	372	425
Total liabilities and stockholders' equity	704	680	707	734	503

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	19	13	11	8	4
Reduction in carrying amount of right-of-use asset	5	4	14	7	1
Lease termination	−14,000	0	0	—	—
Stock-based compensation	36	29	22	19	7
Revaluation of contingent consideration	0	137,000	571,000	817,000	—
Income from unconsolidated joint venture	−90,000	−42,000	−46,000	130,000	−41,000
Donation of common stock	3	2	1	2	2
Loss on debt extinguishment	16	0	—	—	272,000
Loss on sale of property and equipment	0	3,000	92,000	47,000	20,000
Inventory write-off	0	0	223,000	133,000	—
Amortization of deferred costs on convertible notes	2	2	2	2	—
Deferred tax benefit	−84,000	−46,000	−154,000	−653,000	−179,000
Accounts receivable, net	−22	−6	−21	−17	−11
Inventory	135,000	−1	−2	351,000	293,000
Prepaid expenses	−2	599,000	2	−2	−4
Other assets	−772,000	4	−80,000	−4	464,000
Accounts payable and accrued cost of revenue	9	−9	13	−215,000	—
Other accrued expenses	7	3	2	406,000	—
Contract liabilities	2	681,000	−1	735,000	−2
Lease liabilities	−7	−7	−6	−6	−845,000
Other liabilities	−24,000	527,000	0	—	—
Income taxes payable	−710,000	−2	−312,000	743,000	—
Net cash provided by (used in) operating activities	6	−15	−30	−63	−69
Purchases of marketable securities	−9	−19	−12	−284	−267
Proceeds from sale of marketable securities	22	17	50	59	235
Purchases of property and equipment	−30	−18	−18	−14	−6
Distributions in excess of earnings	86,000	90,000	0	—	—
Proceeds from sale of property and equipment	0	79,000	223,000	189,000	—
Cash paid for business combination, net of cash acquired	0	0	−3	—	−175
Net cash (used in) provided by investing activities	−17	−20	17	−239	−213
Proceeds from issuance of convertible notes	250	0	0	288	—
Costs incurred in connection with issuance of convertible notes	−9	0	0	−9	—
Payments for repurchase of convertible notes	−216	0	0	—	—
Purchase of capped calls	−17	0	0	—	—
Purchase of treasury stock	−8	0	0	—	—
Proceeds from stock options exercised	3	5	2	4	2
Payment of contingent consideration	0	−465,000	−842,000	−932,000	—
Net cash provided by financing activities	3	5	1	281	308
Effect of foreign currency translation on cash and cash equivalents	424,000	−268,000	−234,000	−367,000	−61,000
Net decrease in cash and cash equivalents	−7	−31	−12	−21	26
Cash paid for interest	4	3	3	1	907,000
Non-cash purchase of property and equipment	0	1	5	279,000	—
Non-cash consideration in connection with business combination	625,000	625,000	2	−518,000	2

Filings

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