8-K: Xometry Reports Record Q1 2026 Results, Partners with Siemens

Xometry Inc. announced record first quarter 2026 results with revenue up 36% year-over-year to $205 million, alongside a strategic partnership with Siemens involving a $50 million stock purchase.

Summary

• Xometry reported record first quarter 2026 revenue of $205 million, a 36% increase year-over-year.
• Marketplace revenue grew 40% year-over-year to $191 million, with marketplace gross profit up 53%.
• Adjusted EBITDA improved significantly to $10.5 million from $78,000 in the prior year's quarter.
• The company announced a strategic partnership with Siemens, which includes a $50 million investment in Xometry stock.
• Xometry raised its full-year 2026 revenue growth outlook to 27-28% and expects incremental Adjusted EBITDA margins of at least 20%.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive report, with record results, accelerated growth, significant EBITDA improvement, and a major strategic partnership.

Positives

• Record Q1 revenue of $205 million, up 36% year-over-year.
• Accelerated marketplace revenue growth of 40% year-over-year.
• Marketplace gross profit increased by 53% year-over-year.
• Significant improvement in Adjusted EBITDA to $10.5 million, a substantial increase from $78,000 in Q1 2025.
• Strategic partnership with Siemens, including a $50 million investment, signals strong confidence in Xometry's AI-powered intelligence.
• Raised full-year 2026 revenue growth outlook to 27-28%.
• Active Buyers increased by 20% year-over-year.
• Accounts with significant spend ($50,000+) increased by 21%.

Negatives

• Net loss attributable to common stockholders was $5.3 million for the quarter.
• Services revenue was down 5% year-over-year.
• While Adjusted EBITDA improved dramatically, it was still a modest $10.5 million.

Risks

• Competition in the manufacturing marketplace.
• Managing growth effectively.
• Ability to forecast performance due to limited operating history.
• Investments in new products or offerings.
• Attracting and retaining buyers and sellers on the marketplace.
• Legal proceedings and regulatory matters.
• Potential changes to the business or financial/operating model.
• Impact of fluctuations in general macroeconomic conditions, such as inflation and rising interest rates.

Future Outlook

For Q2 2026, Xometry expects revenue of $214-$216 million (32-33% year-over-year growth) and Adjusted EBITDA of $11-$12 million. For the full year 2026, revenue growth outlook is raised to 27-28% (driven by ~30% marketplace growth), with incremental Adjusted EBITDA margins expected to be at least 20%.

Management Comments

• "In the first quarter, we delivered 36% revenue growth year-over-year, underscoring the strength of our marketplace innovation and expanding global network."
• "This quarter marks a significant acceleration of marketplace growth, driven by increasing wallet share and rapid adoption of our supply chain solutions."
• "We delivered robust marketplace gross profit growth in Q1, which increased 53% year-over-year. Our Adjusted EBITDA improved by $10.4 million year-over-year to $10.5 million, reflecting the strong leverage in our marketplace model."
• "We expect to continue to deliver 20% annual incremental Adjusted EBITDA margins as we rapidly scale to $1 billion in revenue."

Industry Context

StockSavvy.ai notes that Xometry's strong Q1 performance and strategic partnership with Siemens highlight the increasing importance of AI and digital platforms in modernizing the manufacturing supply chain. The integration of Xometry's intelligence into Siemens' Xcelerator platform could set a new industry standard for industrial software.

Stakeholder Impact

• Shareholders: Potential for increased value due to strong financial performance, raised guidance, and strategic partnership with Siemens.
• Suppliers: Continued growth in marketplace activity suggests increased opportunities for suppliers.
• Buyers: Enhanced quoting engine and material options likely improve procurement experience and efficiency.

Next Steps

• Continue executing on growth initiatives: expanding buyer and supplier networks, driving enterprise engagement, growing internationally, and enhancing services.
• Integrate Xometry's intelligence into Siemens Xcelerator platform.
• Host conference call and webcast to discuss results on May 7, 2026.

Key Dates

Recommendation

The Q1 2026 results demonstrate robust growth acceleration, significant operational leverage leading to improved profitability, and a highly strategic partnership with a major industry player like Siemens. The raised guidance further solidifies a positive outlook, making it a compelling investment opportunity.

Keywords

Xometry, 8-K, Q1 2026 Results, Marketplace Revenue, Adjusted EBITDA, Siemens Partnership, Manufacturing, AI-native marketplace