Key Highlights

  • Revenue grew 40% to USD 252 million, and marketplace Revenue grew 43% to USD 238 million.
  • GAAP Net Income was USD 1.9 million versus a USD 11.6 million loss, and adjusted EBITDA was USD 21.4 million.
  • Active buyers rose 20% to 93,812, with a record 4,255 net additions, and marketplace gross Margin was 36.0%.
  • Full-year revenue growth guidance rose to 37%, and adjusted EBITDA guidance rose to USD 68 million to 68.5 million.

Revenue, Buyers and Margins

Xometry, Inc. (NASDAQ:XMTR), operator of an AI-based marketplace for custom manufacturing, reported third-quarter 2026 revenue of USD 252 million, up 40% from the prior-year quarter. Marketplace revenue was USD 238 million, up 43%, and services revenue was USD 14.4 million, up 2%. Chief Executive Officer Sanjeev Singh Sahni said the quarter set records for revenue, gross profit, marketplace gross margin and adjusted EBITDA, and marked a USD 1 billion revenue run rate.

Active buyers increased 20% year over year to 93,812, including a record net addition of 4,255 active buyers. Marketplace revenue per active buyer rose 19%. Accounts with at least USD 50,000 of spend over the last twelve months increased 26% to 2,172, with 133 net additions, and accounts with at least USD 500,000 of spend grew revenue by more than 40%. The company has more than 5,000 active suppliers.

Gross profit was USD 98.7 million, up 37%, with marketplace Gross Profit up 44%. Marketplace gross margin was 36.0%, up 130 basis points from the second quarter. The company continues to expect marketplace gross margin to be higher in the second half than the first half, and targets a range of 35% to 40% over the long term.

Analyst estimates were EPS of USD 0.19 against reported EPS of USD 0.28, and revenue of USD 235.5 million against reported revenue of USD 252.4 million.

Profitability and Cash

Non-GAAP operating expenses were USD 77.4 million, up 17%, and operating costs as a percentage of revenue improved by 590 basis points. Marketplace Advertising spend was 3.0% of marketplace revenue, down 200 basis points. GAAP net income was USD 1.9 million, the first quarter of GAAP profit, compared with a net loss of USD 11.6 million in the third quarter of 2025.

Adjusted EBITDA was USD 21.4 million, an 8.5% margin compared with 3.4% a year earlier, and the U.S. segment adjusted EBITDA margin was 10.3%. Cash, cash equivalents and marketable securities were USD 505 million. Operating Cash Flow was USD 25.6 million year to date, and capital expenditures in the quarter were USD 15 million, related to software.

Siemens Collaboration and Guidance

The chief executive said the company is building native integrations with Siemens Designcenter, with a Beta launch in the first quarter of 2027, followed by a gradual ramp of customers through the year. He said the company expects the Siemens Partnership to affect its 2027 operating results. The company also moved most buyer traffic onto its new E-commerce platform and added more than 100 custom materials to its Instant Quoting Engine.

For the fourth quarter, the company guided revenue to USD 254 million to USD 256 million, which is 32% to 33% growth, and adjusted EBITDA to USD 22 million to USD 22.5 million, compared with USD 8.4 million in the fourth quarter of 2025. For the full year 2026, it raised revenue growth guidance to 37% from 33% to 34%, with marketplace growth of 41%, and adjusted EBITDA to USD 68 million to USD 68.5 million, USD 7 million higher than prior guidance. It targets at least 20% incremental adjusted EBITDA margin above the USD 1 billion revenue run rate.

Items to Follow

Items to follow are the Siemens Designcenter beta in the first quarter of 2027, the detailed 2027 outlook on the fourth-quarter call, active buyer additions and marketplace gross margin.