Overview

* Xometry ( XMTR ) Q3 revenue grows 28% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 beats consensus, driven by expanding marketplace gross margin

* Marketplace revenue grows 31% yr/yr, driven by enterprise growth and expanded networks

Outlook

* Company raises full-year 2025 revenue guidance to $676-$678 mln

* Xometry expects Q4 2025 revenue of $182-$184 mln

* Company raises full-year 2025 Adjusted EBITDA guidance to $16-$17 mln

Result Drivers

* MARKETPLACE EXPANSION - Q3 revenue growth driven by robust marketplace expansion, particularly in enterprise engagement and network expansion

* GROSS MARGIN IMPROVEMENT - Record marketplace gross margin of 35.7% contributed to increased gross profit

* STRATEGIC INITIATIVES - Strong operating results driven by expanding networks, deeper enterprise engagement, and international growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $180.71 $168.27

Revenue mln mln (10

Analysts

)

Q3 Beat $0.11 $0.10 (9

Adjusted Analysts

EPS )

Q3 $6.21

Adjusted mln

Net

Income

Q3 Beat $6.14 $4.51

Adjusted mln mln (9

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for Xometry Inc ( XMTR ) is $48.50, about 0.1% below its November 3 closing price of $48.57

* The stock recently traded at 72 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)