Xometry (Nasdaq: XMTR) is coming into 2025 with momentum. The corporate delivered report quarterly income and narrowed its losses, exhibiting progress towards profitability. Extra importantly, for these watching the way forward for digital manufacturing, its market—residence to a variety of customized manufacturing processes, together with 3D printing—is rising sooner than ever. Whereas Xometry as a complete remains to be shedding cash primarily based on its reported outcomes, its primary platform retains rising and enhancing, slowly pushing the corporate nearer to creating regular earnings.
Within the first quarter of 2025, Xometry’s complete income rose 23% year-over-year to $151 million. Most of this was powered by its AI-driven market, which grew income by 27% to $136 million. Xometry lower its losses in Q1 however nonetheless ended the quarter within the crimson, reporting a web lack of $15.1 million—an enchancment from the $16.6 million loss it posted in the identical quarter final yr.
What About 3D Printing?
For the additive manufacturing sector, Xometry stays some of the accessible platforms to supply 3D printing work. Its market contains varied 3D printing applied sciences, together with FDM, SLS, DMLS, PolyJet, SLA, MJF, and binder jetting. These are listed alongside different manufacturing processes like CNC machining, injection molding, and sheet metallic forming.
The corporate doesn’t escape particular income from 3D printing, nevertheless it stays one of many key classes in its portfolio. Actually, Xometry launched immediate quoting for injection molding in Europe this quarter, and the corporate has hinted that extra quoting classes—together with additive manufacturing—are on the roadmap for future growth.
Given Xometry’s AI-powered matching system and world community of 4,375 lively suppliers, 3D printing continues to learn from broader developments on the platform, particularly by way of pace, entry to patrons, and worldwide attain.
Analysts observe {that a} large a part of Xometry’s enterprise includes prototyping, an space the place 3D printing is closely used. For instance, Cantor Fitzgerald’s Troy Jensen identified that Xometry stays “extremely uncovered to prototyping functions,” suggesting that lots of its transactions are nonetheless tied to low-volume, fast-turnaround jobs, which are sometimes finest served by additive processes. Nonetheless, this, he warns, poses a threat. In his newest analysis observe, he wrote that this shall be a energy when demand is excessive, however a vulnerability when macroeconomic circumstances shift or firms delay early-stage R&D work.
William Blair’s lead manufacturing analyst, Brian Drab, sees it otherwise, emphasizing the long-term development potential of Xometry’s mannequin. Whereas not specializing in 3D printing particularly, Drab is extra optimistic concerning the firm’s “skill to scale and deepen enterprise relationships,” which may assist transfer the enterprise past simply prototyping work.
Repeat Enterprise
In the meantime, Xometry’s purchaser base is rising, with 71,454 lively patrons reported in Q1 2025, representing a 22% enhance from final yr. Many of those are enterprise prospects. The variety of accounts spending over $50,000 up to now yr rose 12% from a yr earlier.
That is excellent news for suppliers providing 3D printing, particularly as Xometry works to maintain patrons coming again. As prospects spend extra and get entry to extra providers, 3D printing has extra possibilities to remain helpful for quick, inexpensive prototyping.
Xometry Integrates Teamspace Collaboration Device Into Its AI-Powered Market. Picture courtesy of GlobeNewsWire.
Xometry’s market is rising, however its provider providers enterprise, like promoting and subscriptions by way of Thomasnet, noticed a 6% drop in income this quarter. Regardless of the decline, the phase stays extremely worthwhile, with an 89% gross margin. Nonetheless, it’s dealing with challenges as a result of adjustments in digital advert spending and shifting priorities amongst small producers.
The corporate additionally underwent a restructuring in March 2025, reducing its workforce by 5% to enhance effectivity and realign assets. Xometry recorded a $1.5 million restructuring cost, with the financial savings anticipated to go towards new applied sciences for automation and scaling.
What Comes Subsequent?
Xometry raised its market development outlook for the full-year 2025 to a minimum of 22%, up from its earlier estimate of 20%. Provider providers are anticipated to say no about 5%, however the firm nonetheless anticipates adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) profitability for the total yr.
For the 3D printing trade, Xometry’s continued growth, particularly in Europe and Asia-Pacific, means extra world visibility for additive processes. As immediate quoting expands and enterprise demand rises, additive manufacturing will doubtless stay a key part of how Xometry delivers on its “manufacturing-as-a-service” imaginative and prescient.
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