Xometry revenue rises 41% to $229 million in second quarter
Key Facts
Xometry's total revenue rose 41% year on year to $229 million in the second quarter of 2026, according to results the company announced on August 4, 2026. The company described revenue as reaching a "record high" in its announcement, as its marketplace business, which accounts for the largest share of revenue, expanded. Marketplace revenue reached $215 million during the period, up 45% year on year, outpacing growth in the company's overall business. The quarterly report attributed the increase in marketplace revenue primarily to greater enterprise customer activity on the platform during the quarter. Marketplace growth was accompanied by higher international revenue, while services revenue declined as advertising and marketing business fell.
On profitability, Xometry reported adjusted earnings before interest, taxes, depreciation and amortization of $14.1 million in the second quarter, according to its earnings statement. The company nevertheless continued to post a net loss attributable to common stockholders, totaling $5.3 million for the same period. Gross profit reached a record $87.2 million, alongside record total revenue during the quarter. For the marketplace business specifically, the quarterly report listed a gross margin of 34.7%, along with revenue figures for the segment. Cash, cash equivalents and marketable securities totaled $517 million at the end of June 2026, according to the company's announcement.
Across its customer base, the number of active buyers on Xometry's marketplace reached 89,557 by the end of the second quarter, according to the company's quarterly report. The number of accounts that spent at least $50,000 on the platform over the last twelve months reached 2,039. That spending covers the period ended June 2026, while the reported revenue figures reflect second-quarter performance in the same year. Existing accounts generated 98% of the company's revenue during the quarter, according to the quarterly report, alongside activity across the marketplace's buyer base. Those accounts contributed to a business whose core growth the company attributed primarily to enterprise customers, which the report specifically cited in explaining the increase in marketplace revenue.
Outside the domestic market, international segment revenue rose to $34.5 million in the second quarter of 2026, according to figures in the quarterly report. The company compared that figure with international revenue of $26.8 million in the corresponding quarter of 2025, as its overseas expansion continued. In services, revenue fell by $0.4 million from the corresponding period, a year-on-year decline of 3%, according to the same report. The company attributed the decline to lower advertising and marketing services at Thomas in its explanation of quarterly services performance. Financial services partially offset the decline, while total services revenue remained below its year-earlier level, in contrast to growth in the marketplace business.
Against the backdrop of Xometry's business expansion, Siemens announced on May 7, 2026, a strategic partnership backed by a minority investment of approximately $50 million in the company. Siemens said the investment would be made through the purchase of newly issued Xometry Class A common shares as part of the collaboration between the companies. The collaboration includes integrating Thomas with Siemens' Supplyframe platform, according to the partnership announcement published by Xometry, alongside the announced investment. The integration aims to connect sourcing information for electronic and mechanical components within the Siemens ecosystem, extending the relationship to both types of components. Xometry's announcement described the purpose of the collaboration as providing "design-to-source intelligence" through the integration of Thomas and Supplyframe.
In a subsequent move involving enterprise purchasing, Xometry announced on September 15, 2026, that it had expanded its marketplace integration with TradeCentric to connect with more than 220 e-procurement solutions. The solutions named by the company include Coupa, SAP Ariba and Microsoft Dynamics, within the connectivity available to customers through the expanded integration. The expanded partnership added purchase order automation to the available capabilities, according to Xometry's announcement on the collaboration. It also included invoice automation, alongside the ability to move from procurement systems into the marketplace that was already available to customers. For the financial period following the results, Xometry had forecast revenue of between $234 million and $236 million for the third quarter of the same year in its guidance issued on August 4, 2026.