Xometry, Inc. (NASDAQ: XMTR) Earnings Report Analysis

• Xometry reported a GAAP EPS of -$0.17, while adjusted non-GAAP EPS was $0.16, beating the estimated $0.12. The company exceeded revenue expectations with $192 million.
• The company’s revenue represents a 30% year-over-year increase, driven by the expansion of its marketplace.
• Xometry’s gross profit rose by 27% year-over-year, with an Adjusted EBITDA increase of $7.4 million.

Xometry, Inc. (NASDAQ:XMTR) is a key player in the manufacturing industry, known for its innovative marketplace platform that connects buyers with suppliers. The company operates within the Zacks Manufacturing – General Industrial industry, focusing on expanding its network and enhancing service offerings. Xometry’s competitors include other industrial manufacturing firms that offer similar marketplace solutions.

On February 24, 2026, Xometry reported a GAAP earnings per share (EPS) of -$0.17, reflecting a net loss of $8.6 million. On an adjusted non-GAAP basis (excluding stock-based compensation and other non-recurring items), EPS was $0.16, which beat the consensus estimate of $0.12. Despite the GAAP loss, the company exceeded revenue expectations, reporting $192 million compared to the estimated $186.8 million. This revenue figure represents a 30% year-over-year increase, driven by the robust expansion of its marketplace.

Xometry’s fourth-quarter results for 2025 were impressive, with adjusted earnings of $0.16 per share, surpassing the Zacks Consensus Estimate of $0.12 per share. This marked a significant improvement from the $0.06 per share reported in the same quarter last year, resulting in an earnings surprise of +33.33%. The company’s revenue of $192 million exceeded the Zacks Consensus Estimate by 4.94%.

The company’s gross profit for the fourth quarter rose by 27% year-over-year, reaching a record $75.2 million. This growth was attributed to the strong marketplace expansion and improved gross margins. Xometry’s Adjusted EBITDA also improved significantly, increasing by $7.4 million year-over-year to $8.4 million, driven by expanding marketplace gross margins and strong leverage on operating expenses.

Xometry’s trailing twelve-month price-to-earnings (P/E) ratio is approximately -36.70 based on GAAP losses, reflecting ongoing net losses. Xometry’s price-to-sales ratio of 4.16 suggests that investors are willing to pay $4.16 for every dollar of sales. The company’s enterprise value to sales ratio is 4.41, reflecting its valuation relative to sales. With a current ratio of approximately 3.76, Xometry demonstrates strong liquidity, indicating its ability to cover short-term liabilities with short-term assets.