Xometry (XMTR) investor relations material

Executive summary

• Q2 2026 revenue reached a record $229.3 million, up 41% year-over-year, driven by 45% marketplace revenue growth and supported by AI-powered platform enhancements and network expansion.

• Gross profit rose 34% to $87.2 million, with marketplace gross profit up 42% year-over-year; total gross margin was 34.7%.

• Adjusted EBITDA improved by $10.2 million year-over-year to $14.1 million (6.2% margin), with non-GAAP net income at $9.9 million versus $1.1 million in Q2 2025.

• Active buyers increased 20% year-over-year to 89,557, and accounts with at least $50,000 in spend rose 23% to 2,039.

• Cash and equivalents rose to $517 million, bolstered by a $248 million equity offering and $50 million Siemens investment.

Financial highlights

• Q2 2026 revenue: $229.3 million (+41% YoY); marketplace revenue: $215.4 million (+45% YoY); services revenue: $13.9 million.

• Q2 2026 gross profit: $87.2 million (+34% YoY); marketplace gross margin: 34.7%; services gross margin: 89.1%.

• Q2 2026 net loss: $5.3 million (improved from $26.4 million YoY); non-GAAP net income: $9.9 million.

• Q2 2026 adjusted EBITDA: $14.1 million (6.2% margin), up from $3.9 million (2.4% margin) in Q2 2025.

• Cash, cash equivalents, and marketable securities: $517 million as of June 30, 2026.

Outlook and guidance

• Q3 2026 revenue expected at $234–236 million (+30–31% YoY); adjusted EBITDA of $16–17 million.

• Full-year 2026 revenue growth outlook raised to 33–34% (from 27–28%), with marketplace growth of ~37% and adjusted EBITDA of $60–62 million.

• Marketplace gross margins expected to expand into the 35–40% target range in the second half of 2026.

• Targeting annual 20% incremental adjusted EBITDA margins as scale increases beyond $1B revenue.

• Sufficient liquidity is anticipated to support operations and capital needs for at least the next twelve months.