Xometry Posts 30% Q4 Revenue Rise to $192M and Names New CEO
Q4 revenue increased 30% year-over-year to a record $192M with gross profit up 27% to $75.2M and adjusted EBITDA improving to $8.4M; full-year revenue grew 30% to $630M with Adjusted EBITDA rising to $18.5M. Co-founder Randy Altschuler will become Executive Chair on July 1 while President Sanjeev Singh Sahni succeeds him as CEO.
1. Record Fourth Quarter Performance
Fourth-quarter revenue rose 30% year-over-year to $192 million, led by a 33% increase in marketplace revenue to $178 million. Gross profit climbed 27% to $75.2 million and adjusted EBITDA improved by $7.3 million to $8.4 million, reflecting strong margin expansion and operating expense leverage.
2. Strong Full-Year Results and Outlook
For the full year, marketplace revenue grew 30% to $630 million, non-GAAP net income reached $20.8 million, and adjusted EBITDA increased by $28.2 million to $18.5 million. Cash, cash equivalents and marketable securities totaled $219 million as Xometry targets 20% incremental EBITDA margins en route to $1 billion in revenue.
3. CEO Succession Plan
Effective July 1, 2026, co-founder and CEO Randy Altschuler will transition to Executive Chair, focusing on strategic growth and board leadership. President Sanjeev Singh Sahni will assume the CEO role, bringing operational expertise to drive continued product-led expansion and enterprise engagement.