Xometry, Inc. (XMTR) · Nov 3, 2026 · Earnings

Xometry earnings beat as marketplace growth lifts 2026 guidance

Beat — Non-GAAP diluted EPS $0.28 vs ~$0.19 consensus; revenue $252.4M vs ~$235.6M

Xometry’s Q3 earnings beat revenue and adjusted EPS expectations, with marketplace growth accelerating and full-year revenue guidance raised to at least 37%.

Xometry is scaling an AI-native marketplace for custom manufacturing, using larger enterprise accounts, workflow integrations, and AI-driven sourcing to increase repeat spending. That strategy was already working before this report: second-quarter marketplace revenue grew 45% and management had raised full-year revenue-growth guidance to 33%-34%.

The quarter beat the market’s bar by a meaningful margin. Revenue reached $252.4 million, roughly $16.9 million above the published consensus near $235.6 million, while non-GAAP diluted EPS was $0.28 versus consensus near $0.19. The filing’s reported GAAP EPS was only $0.03, so the cleanest comparison is the company’s non-GAAP measure against the non-GAAP analyst estimate.

MetricQ3 2026Q3 2025Consensus
Revenue (Financial Summary)$252.4M (+40%)$180.7M~$235.6M
Marketplace revenue (Segment Results)$238.0M (+43%)$166.6M
Marketplace gross margin (Segment Results)36.0% (+0.3 pts)35.7%
Non-GAAP diluted EPS (Non-GAAP Reconciliation)$0.28$0.04~$0.19
Adjusted EBITDA (Financial Summary)$21.4M (+249%)$6.1M

The core marketplace—not the smaller services business—is carrying the story. Marketplace revenue grew 43%, gross profit grew 44%, and the number of accounts spending at least $50,000 annually rose 26% to 2,172. Services revenue, by contrast, increased only 2%, while international Adjusted EBITDA remained negative at $0.6 million.

The most important forward signal is the guidance raise. Xometry lifted full-year revenue-growth guidance from 33%-34% to at least 37%, implying confidence that marketplace growth will remain about 41%. Q4 guidance of $254 million-$256 million in revenue and $22.0 million-$22.5 million in Adjusted EBITDA also points to continued execution, although the implied sequential revenue increase is modest after the Q3 beat. 〔0〕

Profitability is improving, but the per-share result is less clean than the headline suggests. Adjusted EBITDA margin reached 8.5% and GAAP operating income turned slightly positive, supporting the operating-leverage thesis. However, Class A shares outstanding rose to 55.9 million from 49.8 million at year-end, and the company received $248.4 million from a common-stock issuance plus $50 million under its Siemens agreement. That capital strengthens the balance sheet, but it also means part of the per-share improvement is being diluted.

Bottom line: This was a genuine execution beat, not merely a routine “record quarter”: marketplace growth stayed above 40%, profitability improved, and management raised the full-year outlook. The positive change is strongest in the core marketplace; services and international operations remain less developed parts of the story.

Original filing on SEC EDGAR

Xometry earnings beat as marketplace growth lifts 2026 guidance | XMTR Stock News
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