8-K: Xometry Reports Record Q2 2026 with 41% Revenue Growth

Xometry Inc. announced record second quarter 2026 results, with revenue soaring 41% year-over-year to $229 million, driven by a 45% surge in marketplace revenue and improved Adjusted EBITDA.

Summary

• Xometry Inc. reported record second quarter 2026 financial results, with total revenue reaching $229 million, a 41% increase year-over-year.
• Marketplace revenue grew by 45% year-over-year to $215 million, indicating strong platform adoption and engagement.
• Gross profit increased by 34% to $87.2 million, with a gross margin of 34.7% for the marketplace.
• Adjusted EBITDA saw a significant improvement, rising by $10.2 million year-over-year to $14.1 million, with Adjusted EBITDA margin at 6.2%.
• The company ended the quarter with $517 million in cash and cash equivalents, bolstered by a successful equity offering and a private placement with Siemens.
• Xometry raised its full-year 2026 revenue growth outlook to 33-34% and expects Adjusted EBITDA of $60-$62 million.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a highly positive report, with strong revenue growth, accelerating marketplace performance, and significant improvements in profitability metrics, alongside a strengthened balance sheet and raised future guidance.

Positives

• Record second quarter revenue of $229 million, up 41% year-over-year.
• Accelerated marketplace revenue growth of 45% year-over-year.
• Significant improvement in Adjusted EBITDA to $14.1 million, a 260% increase year-over-year.
• Adjusted EBITDA margin improved to 6.2%, up 380 basis points year-over-year.
• Non-GAAP net income turned positive at $9.9 million, compared to a loss of $1.1 million in the prior year.
• Strong growth in active buyers (up 20%) and accounts with significant spend (up 23%).
• Strengthened balance sheet with $517 million in cash and cash equivalents following a successful equity offering and private placement.
• Raised full-year 2026 revenue growth outlook to 33-34% and full-year Adjusted EBITDA outlook to $60-$62 million.

Negatives

• Net loss attributable to common stockholders was $5.3 million for the quarter, although this represents an 80% improvement year-over-year.
• Services revenue saw a slight decrease of 3% year-over-year.
• Gross margin for the Services segment decreased slightly by 0.8% year-over-year.

Risks

• Competition in the manufacturing industry.
• Managing the company's 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 the third quarter of 2026, Xometry expects revenue between $234-$236 million (30-31% year-over-year growth) and Adjusted EBITDA of $16-$17 million. For the full year 2026, the company is raising its revenue growth outlook to 33-34% (driven by ~37% marketplace growth) and expects Adjusted EBITDA of $60-$62 million.

Management Comments

• "Our product-led growth strategy drove record results in the second quarter, accelerating marketplace growth to 45% year-over-year. We further improved our proprietary AI models and marketplace experience, driving strong buyer growth and increasing wallet share in larger accounts," said Sanjeev Singh Sahni, CEO.
• "We continue to strengthen Xometrys position as the infrastructure for custom manufacturing. This foundation is enabling us to rapidly penetrate the vast, fragmented offline market and accelerate our market share gains."
• "Revenue growth accelerated for the fourth quarter in a row in Q2. This accelerating top line was paired with yet another quarter of improved adjusted EBITDA profit margins, up 380 points year-over-year to 6.2%," said James Miln, CFO.
• "Our successful equity offering in June further strengthened our balance sheet, ending Q2 with $517 million in cash and cash equivalents."

Industry Context

StockSavvy.ai notes that Xometry's strong performance aligns with the broader trend of digitization within the manufacturing sector. The company's AI-native marketplace approach and focus on providing manufacturing infrastructure are key differentiators in a fragmented market, positioning it to capture market share as businesses increasingly seek efficient and scalable custom manufacturing solutions.

Stakeholder Impact

• Shareholders: Positive impact from strong financial performance, raised guidance, and strengthened balance sheet, potentially leading to increased shareholder value.
• Suppliers: Continued growth in marketplace activity provides more opportunities for suppliers to secure manufacturing jobs.
• Buyers: Enhanced AI models and marketplace experience aim to provide better manufacturing recommendations and pricing, improving procurement efficiency.
• Employees: Growth initiatives and foundation support may lead to expanded opportunities and positive community impact.

Next Steps

• Continue to establish Xometry as the infrastructure for custom manufacturing.
• Improve AI-native marketplace experiences.
• Expand buyer and supplier networks.
• Deepen enterprise engagement.
• Leverage services opportunities.
• Support STEM and manufacturing training programs through the Xometry Foundation.

Key Dates

Recommendation

The filing demonstrates exceptionally strong financial performance with accelerating revenue growth, significant improvements in profitability metrics (Adjusted EBITDA), and a robust cash position. The raised full-year guidance and strategic initiatives focused on solidifying market leadership in custom manufacturing infrastructure indicate a positive trajectory. The successful capital raises provide ample resources for continued expansion. These factors collectively suggest a compelling investment opportunity.

Keywords

AI-native marketplace, custom manufacturing, revenue growth, Adjusted EBITDA, financial results, marketplace revenue, manufacturing infrastructure, supply chain