Xometry (NASDAQ:XMTR) Posts Earnings Results, Beats Estimates By $0.09 EPS

Xometry (NASDAQ:XMTR) announced its earnings results on Tuesday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09, FiscalAI reports. The firm had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $235.54 million. Xometry had a positive return on equity of 0.20% and a negative net margin of 1.97%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share.

Here are the key takeaways from Xometry’s conference call:

• Record Q3 performance: Revenue rose 40% year over year to $252 million, marketplace revenue grew 43%, and Xometry reported its first quarter of GAAP profitability with $1.9 million in net income.
• Operating leverage improved materially: Marketplace gross margin reached a record 36.0%, adjusted EBITDA increased to $21.4 million with an 8.5% margin, and advertising spend fell to 3.0% of marketplace revenue.
• Enterprise expansion and buyer growth remained strong, with active buyers up 20% to 93,812, accounts spending at least $50,000 up 26%, and revenue from the largest customers increasing more than 40%. Management also highlighted continued wallet-share gains and expects more customers to surpass $10 million in annual spend.
• Management raised its 2026 outlook to approximately 37% revenue growth and $68 million-$68.5 million of adjusted EBITDA. The Siemens partnership is expected to launch a Designcenter beta in Q1 2027 and contribute positively to 2027 results, although the financial impact has not yet been quantified.

Xometry Price Performance

NASDAQ XMTR opened at $113.52 on Thursday. The stock has a market capitalization of $5.88 billion, a P/E ratio of -333.87 and a beta of 1.33. Xometry has a 1 year low of $35.86 and a 1 year high of $117.50. The business’s fifty day moving average is $97.42 and its two-hundred day moving average is $76.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21.

Insider Buying and Selling

In related news, Director Randolph Altschuler sold 5,721 shares of Xometry stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $103.32, for a total value of $591,093.72. Following the transaction, the director directly owned 423,029 shares in the company, valued at $43,707,356.28. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Vaidyanathan Raghavan sold 1,866 shares of Xometry stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $103.28, for a total value of $192,720.48. Following the completion of the transaction, the chief technology officer owned 133,911 shares in the company, valued at $13,830,328.08. The trade was a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 63,199 shares of company stock valued at $6,037,855. 9.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of research reports. UBS Group increased their price target on Xometry from $95.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada upped their price objective on Xometry from $100.00 to $117.00 and gave the company a “sector perform” rating in a report on Wednesday. Rosenblatt Securities raised their target price on Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush raised their target price on Xometry from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.64.

Key Xometry News

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Q3 results beat expectations. Revenue rose 40% year over year to a record $252 million, while marketplace revenue grew 43%. Reported EPS of $0.28 topped the $0.19 consensus. The earnings coverage also highlighted 20% growth in active buyers, to 93,812. Xometry Q3 results Q3 investor takeaways
• Positive Sentiment: Several analysts raised targets, signaling continued optimism. JPMorgan lifted its target to $140 and kept an overweight rating; Citizens JMP raised its target to $135 and maintained market outperform; Citigroup raised its target to $132 and assigned a buy rating; and Rosenblatt raised its target to $130 with a buy rating. Citigroup rating JPMorgan rating Citizens JMP rating
• Neutral Sentiment: Not all target revisions imply meaningful upside. UBS raised its target to $108 but kept a neutral rating, placing its estimate below the quoted share price. RBC’s new $117 target and Cantor Fitzgerald’s $114 target indicate comparatively modest upside. UBS target revision RBC target revision
• Negative Sentiment: Profitability remains a watchpoint. Despite the EPS beat, the supplied results show a negative net margin, leaving investors to assess whether rapid growth can translate into sustained profits.

Xometry Company Profile

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.