Xometry reaches $1 billion run rate and first quarterly net profit

Xometry reported record third-quarter 2026 revenue of $252.4 million, up 40% year on year, which puts its annualized run rate above $1 billion. The marketplace also posted its first quarterly GAAP net profit, $1.9 million, and raised its full-year growth outlook to at least 37%. The company does not break out additive manufacturing revenue.

Context Annualized run rate means the latest quarterly revenue extrapolated over 12 months, not revenue already earned during the year.

How did Xometry's marketplace perform?

Marketplace revenue reached $238 million, up 42.9% year on year and 10.5% on the quarter. Marketplace gross profit rose to $85.7 million, with a record gross margin of 36%. Xometry credits more activity from enterprise buyers and improvements to its AI-powered pricing and sourcing models.

Active marketplace buyers grew 20% to 93,812, including a record 4,255 net additions. Accounts spending at least $50,000 over 12 months rose 26% to 2,172. Supplier services revenue, which includes Thomasnet services, grew 2.2% to $14.4 million.

What changed in profitability and platform?

Adjusted EBITDA rose from $6.1 million to $21.4 million, a margin of 8.5% against 3.4%. Non-GAAP operating expenses grew 17%, slower than revenue. The CFO attributed the result to growth, higher marketplace margins and operating efficiencies.

The CEO said most buyer traffic now runs on a redesigned e-commerce platform with one-click reordering, and the Instant Quoting Engine gained more than 100 materials. A Workcenter platform for the network of more than 5,000 suppliers combines job board, performance scores and payment data. A TradeCentric expansion adds purchase order and invoice automation across more than 220 eProcurement systems.

What is the outlook?

Xometry raised 2026 revenue growth guidance from 33-34% to at least 37%. It expects Q4 revenue of $254-256 million and full-year adjusted EBITDA of $68-68.5 million. Integrations with Siemens Designcenter, backed by a $50 million equity investment, are due in beta in Q1 2027, with gradual rollout through the year. Detailed 2027 guidance will come with Q4 results.

What it means

Xometry does not report additive manufacturing separately, so the results show demand for on-demand manufacturing in general rather than for AM specifically. For small and mid sized European manufacturers, the signal is that large buyers are routing more spend through digital marketplaces with instant quotes and procurement integration, which raises expectations for quoting speed and supplier documentation. Suppliers should expect more standardised job intake and performance scoring. This is a financial result, not a change in AM economics.

Frequently asked questions

Does the $1 billion figure mean Xometry earned $1 billion in 2026?

No. It is the Q3 revenue of $252.4 million extrapolated over 12 months, not revenue already earned during 2026.

How much of Xometry's revenue comes from 3D printing?

Xometry does not disclose additive manufacturing revenue separately. Its marketplace covers AM, CNC machining, injection moulding and other processes.

What is the 2026 guidance?

Revenue growth of at least 37%, up from 33-34%, and full-year adjusted EBITDA of $68-68.5 million.