Xometry Posts Double-Digit Marketplace Revenue Growth, Spotlighting AI Platform
XMTR•Xometry’s marketplace revenue grew at a double-digit pace in the latest quarter, driving increased adoption of its AI-powered manufacturing model across new customer segments. The Q1 earnings snapshot showed revenue acceleration and a narrowed adjusted EBITDA loss, positioning the company for improved margin expansion.
1. Accelerated Marketplace Revenue
Xometry reported that its industrial digital marketplace revenue expanded by a double-digit percentage year-over-year, reflecting broader adoption of its AI-driven quoting, planning and fulfillment tools. New enterprise customers accounted for a rising share of order volume, validating the platform’s value proposition for complex part manufacturing.
2. Q1 Financial Performance
In the first quarter, Xometry delivered accelerating top-line momentum while its adjusted EBITDA loss declined significantly versus prior year, underscoring operational leverage as fixed costs were spread over higher revenue. Gross margin improvements were driven by higher marketplace take rate and efficiency gains in production partner utilization.
3. Management Commentary and Outlook
Leadership highlighted continued investment in AI capabilities and ecosystem partnerships to sustain growth, and reaffirmed full-year revenue targets. The company expects further margin expansion as its marketplace scales and operating leverage benefits intensify.
