Xometry, Inc. (NASDAQ:XMTR) delivered a strong finish to its fiscal year, reporting fourth-quarter results that surpassed analyst expectations on both the top and bottom lines. The AI-powered manufacturing marketplace’s performance, coupled with a robust outlook for 2026, appears to have resonated positively with investors, as evidenced by a significant pre-market rally.
Earnings and Revenue Beat
The company’s core marketplace engine drove impressive growth during the quarter. Xometry reported Q4 revenue of $192.4 million, a 30% increase year-over-year. This figure comfortably exceeded the analyst consensus estimate of approximately $186.8 million.
More notably, the company’s profitability metrics showed substantial improvement. Xometry reported non-GAAP earnings per share (EPS) of $0.16 for the quarter, soundly beating the analyst estimate of $0.11. This represents a 167% increase over the non-GAAP EPS of $0.06 reported in the same quarter last year. The strength was further underscored by a record Adjusted EBITDA of $8.4 million, a dramatic improvement from $1.0 million in Q4 2024.
Key Q4 2025 Financial Results vs. Estimates:
- Reported Revenue: $192.4 million
- Analyst Estimate: ~$186.8 million
- Result: Beat
- Reported Non-GAAP EPS: $0.16
- Analyst Estimate: $0.11
- Result: Beat
Market Reaction and Price Action
The market’s initial reaction to the earnings report and guidance has been strongly positive. In pre-market trading following the announcement, Xometry’s stock surged approximately 4.5%. This move suggests investors are rewarding the company for not only exceeding quarterly expectations but also for providing clear, confident guidance for the year ahead. The positive pre-market shift stands in contrast to the stock’s performance over the past month, which had seen a decline of about 7%.
Forward Guidance Versus Expectations
Management’s outlook for the first quarter and full year 2026 provided further fuel for investor optimism. The company issued Q1 2026 revenue guidance of $187 to $189 million, which at the midpoint represents roughly 24.5% year-over-year growth. This guidance range aligns closely with the existing analyst sales estimate of $188.5 million for Q1.
For the full year 2026, Xometry expects revenue growth of at least 21%, driven by marketplace growth of at least 23%. The company also projected it would continue to deliver incremental Adjusted EBITDA margins of at least 20% as it scales toward $1 billion in revenue. This margin discipline and growth trajectory appear to align with or potentially exceed the broader analyst expectation for the year.
Quarterly and Annual Highlights
Beyond the headline numbers, the press release detailed several key achievements that underpin the company’s growth:
- Marketplace Acceleration: Marketplace revenue grew 33% year-over-year in Q4 to $178 million, indicating the core platform is gaining momentum.
- Expanding Customer Base: Active Buyers increased 20% to 81,821, while high-value accounts (with spend over $50,000 in the last twelve months) grew 18% to 1,760.
- Path to Profitability: The company achieved full-year 2025 non-GAAP net income of $20.8 million, a significant turnaround from a non-GAAP net loss of $2.1 million in 2024.
- Strategic Execution: Highlights for the year included the launch of auto-quoting for injection molding, expansion of the supplier network, and the achievement of key industry certifications like Cybersecurity Maturity Model Certification (CMMC Level 2) for aerospace and defense work.
Conclusion
Xometry’s fourth-quarter report demonstrates a company hitting its stride, successfully translating rapid top-line growth into expanding profitability. Beating analyst estimates for the quarter and issuing firm, growth-oriented guidance for 2026 has been met with clear approval from the market. The results validate the leverage in Xometry’s marketplace model and its ability to scale efficiently while continuing to invest in platform innovation and global expansion.
For a detailed look at Xometry’s historical earnings, future estimates, and analyst projections, you can review the data here.
Disclaimer: This article is for informational purposes only and does not constitute financial advice, an endorsement, or a recommendation to buy, sell, or hold any security. Investing involves risk, including the potential loss of principal.
