Q2 2025 Xometry Inc Earnings Call Transcript
Key Points
- Xometry Inc (XMTR) reported a record revenue of $163 million for Q2 2025, marking a 23% year-over-year increase.
- The company's marketplace growth was robust, with a 26% year-over-year increase, driven by an expanding network of buyers and suppliers.
- Marketplace gross margin reached a record 35.4% in Q2, contributing to an overall company gross margin of 40.1%.
- Xometry Inc (XMTR) delivered strong operating leverage with an adjusted EBITDA of $3.9 million, an improvement of $6.6 million year-over-year.
- The company is deploying generative AI at scale to improve buyer and supplier experiences, enhancing its position in the custom manufacturing market.
- Supplier services revenue declined approximately 2% quarter over quarter, indicating challenges in stabilizing the core advertising business.
- The macroeconomic environment remains uncertain, with manufacturing indices suggesting cautious buyer behavior.
- Despite strong growth, the company remains cautious about the macro environment, tempering expectations for future quarters.
- Q2 saw a decrease in cash and cash equivalents by approximately $5 million, driven by capital expenditures primarily related to software.
- The company anticipates a decrease in supplier services revenue by approximately 5% year-over-year for the full year 2025.
Good day and thank you for standing by. Welcome to the Xometry Q2 2025 earnings call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Shawn Milne, VP of Investor Relations. Please go ahead.
Good morning and thank you for joining us on Xometry's Q2 2025 earnings call. Joining me are Randolph Altschuler, our Chief Executive Officer; Sanjeev Sahni, our President; and James Miln , our Chief Financial Officer.
During today's call, we will review our financial results for the second quarter of 2025 and discuss our guidance for the third quarter and full year 2025. During today's call, we will make forward-looking statements including statements related to the expected performance of our business, future financial results, strategy, long-term growth, and overall future prospects.
Such statements may be identified by terms such as believe, expect, intend, and may. These statements are
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