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/XMTR
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Xometry Inc

Xometry Inc

XMTR
$98.54USD↑+2.20%+2.12 today

MARKET CAP

5.4B

P/E (TTM)

205.3x

FWD P/E

102.1x

DAY RANGE

$92 – $102

52W RANGE

$31
$102

AI Summary

Stalk
StalkMedium

XMTR remains in a Stage 2 advancing regime with a bullish medium-term structure, but the active Bullish Exhaustion pattern and overbought, extended price near resistance suggest fatigue. While the long-term uptrend stays intact, near-term execution is not optimal, so entry should be deferred. Ideal engagement will come on a pullback into the rising EMAs or prior support zones, where price can demonstrate acceptance and renewed upside momentum.

  • ↑Q1 revenue $151M (+23% YoY) with positive adjusted EBITDA of $0.1M.
  • ↑Q2 revenue $163M (+23% YoY) driven by robust marketplace demand.
  • ↓Negative earnings yield signals potential overvaluation relative to cash flows.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Xometry, Inc. (NASDAQ: XMTR) operates as a pioneering online marketplace for custom manufacturing services, utilizing advanced AI technology to connect buyers with a network of suppliers. The company is positioned in a fragmented market, focusing on streamlining supply chain processes and addressing inefficiencies in manufacturing across diverse industries. Xometry’s marketplace is particularly relevant as businesses increasingly seek digital solutions for agility and resilience, making it a key player in the rise of technology-driven manufacturing.

Bull says

  • ↑Q1 revenue $151M (+23% YoY) with positive adjusted EBITDA of $0.1M.
  • ↑Q2 revenue $163M (+23% YoY) driven by robust marketplace demand.
  • ↑Active buyers rose 22% to 71,000, underscoring strong customer engagement.
  • ↑Record Q2 gross margin of 40.1% reflects AI-driven efficiency improvements.
  • ↑New Siemens partnership provides access to its large industrial user base.
  • ↑Raised FY25 revenue growth outlook to at least 22%, backed by solid liquidity.

Bear says

  • ↓Negative earnings yield signals potential overvaluation relative to cash flows.
  • ↓Operating expenses have outpaced revenue growth, pressuring company margins.
  • ↓Short interest up 4.4% indicates growing bearish investor sentiment.
  • ↓Intense competition from Protolabs, Shapeways, and Fast Radius could erode share.
  • ↓Elevated leverage and volatility risks may strain financial flexibility.
  • ↓Consensus Hold rating with $76 target implies limited upside.

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 06-15-2026neutral

Transcript signals

Bull points

  • Q1 was a strong quarter for Xometry, delivering accelerated revenue growth and strong operating leverage as our marketplace responds to customers' needs in real time.
  • Q1 revenue increased 23% year over year to 151 million, driven by strong marketplace growth.
  • Q1 marketplace revenue increased 27% year-over-year, a 700 basis points acceleration from 20% in Q4, driven by strong execution and growth with larger accounts as we continue to capture significant market share.

Bear points

  • Supplier services revenue declined 6% year-over-year in Q1 due to macro-related softness in Thomas advertising and the wind-down of non-core services.
  • We expect Q2 supplier services revenue to decrease approximately 5% to 7% year-over-year.
  • We expect supplier services to be down approximately 5% year over year.
Read full transcript analysis ›