Q3 2025 Xometry Inc Earnings Call Transcript
Key Points
- Xometry Inc (XMTR) reported a record quarter with Q3 revenue growth of 28% year over year, reaching $181 million.
- The marketplace revenue increased by 31% year over year, driven by an expanding network of buyers and suppliers.
- Marketplace gross margin improved by 210 basis points year over year, reaching 35.7%, highlighting the effectiveness of AI pricing and selection algorithms.
- The company launched new products, such as Auto-Quote for injection molding services, enhancing customer experience and expanding market reach.
- Xometry Inc (XMTR) is seeing strong enterprise growth, with accounts spending over $500,000 annually increasing significantly, indicating robust demand from larger customers.
- Supplier services revenue declined approximately 1% quarter over quarter, indicating challenges in stabilizing the core advertising business.
- The international segment reported an adjusted EBITDA loss of $4.2 million in Q3 2025, compared to $2 million in Q3 2024, due to investments in global scale.
- Despite strong revenue growth, the company remains cautious about the uncertain macroeconomic environment, which could impact future performance.
- The guidance for Q4 suggests a modest sequential revenue increase, indicating potential challenges in maintaining the current growth momentum.
- Stock-based compensation expenses are expected to be approximately $11 million in Q4, which could impact overall profitability.
Hi and welcome to [Xom 5] earnings conference call. At this time, all participants are in a listen-only mode. (Operator Instructions)
I would now like to hand the call over to VP of Investor Relations, Shawn Milne. Please go ahead.
Good morning and thank you for joining us on Xometry's Q3 2025 earnings call. Joining me are Randy Altschuler, our Chief Executive Officer; Sanjeev Singh Sahni, our President; and James Miln, our Chief Financial Officer. During today's call, we will review our financial results for the third quarter of 2025 and discuss our guidance for the fourth 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 subject to risks and uncertainties which could cause them to
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