Xometry, Inc. Financials

XMTR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Xometry, Inc. (XMTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 49/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Xometry, Inc. has an operating margin of -10.3%, meaning the company retains $-10 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -15.9% the prior year.

Growth

Xometry, Inc.'s revenue surged 17.7% year-over-year to $545.5M, reflecting rapid business expansion. This strong growth earns a score of 79/100.

Leverage

Xometry, Inc. carries a low D/E ratio of 1.16, meaning only $1.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 4.38, Xometry, Inc. holds $4.38 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Xometry, Inc. generated -$15.4M in operating cash flow, capex of $18.1M consumed most of it, leaving -$33.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

5/9

Xometry, Inc. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.31x

For every $1 of reported earnings, Xometry, Inc. generates $0.31 in operating cash flow (-$15.4M OCF vs -$50.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-11.8x

Xometry, Inc. earns $-11.8 in operating income for every $1 of interest expense (-$56.1M vs $4.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$545.5M

YoY+17.7%

5Y CAGR+46.7%

Xometry, Inc. generated $545.5M in revenue in fiscal year 2024. This represents an increase of 17.7% from the prior year.

EBITDA

-$43.1M

YoY+31.4%

Xometry, Inc.'s EBITDA was -$43.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 31.4% from the prior year.

Free Cash Flow

-$33.5M

YoY+30.8%

Xometry, Inc. generated -$33.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 30.8% from the prior year.

Net Income

-$50.4M

YoY+25.3%

Xometry, Inc. reported -$50.4M in net income in fiscal year 2024. This represents an increase of 25.3% from the prior year.

EPS (Diluted)

$-1.03

YoY+27.0%

Xometry, Inc. earned $-1.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 27.0% from the prior year.

Cash & Debt

$22.2M

YoY-58.4%

Xometry, Inc. held $22.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

39.5%

YoY+1.1pp

5Y CAGR+21.2pp

Xometry, Inc.'s gross margin was 39.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.

Operating Margin

-10.3%

YoY+5.6pp

5Y CAGR+27.8pp

Xometry, Inc.'s operating margin was -10.3% in fiscal year 2024, reflecting core business profitability. This is up 5.6 percentage points from the prior year.

Net Margin

-9.2%

YoY+5.3pp

5Y CAGR+29.4pp

Xometry, Inc.'s net profit margin was -9.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$39.3M

YoY+14.1%

5Y CAGR+29.9%

Xometry, Inc. invested $39.3M in research and development in fiscal year 2024. This represents an increase of 14.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$18.1M

YoY-2.1%

5Y CAGR+46.4%

Xometry, Inc. invested $18.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 2.1% from the prior year.

XMTR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$545.5M+17.7%	$463.4M+21.7%	$380.9M+74.5%	$218.3M+54.4%	$141.4M+76.3%	$80.2M
Cost of Revenue	$329.9M+15.7%	$285.1M+21.4%	$234.9M+45.7%	$161.2M+49.1%	$108.1M+65.1%	$65.5M
Gross Profit	$215.6M+21.0%	$178.3M+22.1%	$146.0M+155.5%	$57.1M+71.7%	$33.3M+125.9%	$14.7M
R&D Expenses	$39.3M+14.1%	$34.5M+11.1%	$31.0M+74.4%	$17.8M+45.9%	$12.2M+14.6%	$10.6M
SG&A Expenses	$65.0M-8.4%	$70.9M+21.8%	$58.2M+66.7%	$34.9M+190.1%	$12.0M+50.3%	$8.0M
Operating Income	-$56.1M+23.7%	-$73.6M+4.6%	-$77.1M-31.4%	-$58.7M-100.9%	-$29.2M+4.4%	-$30.5M
Interest Expense	$4.8M-0.7%	$4.8M+8.3%	$4.4M+418.5%	$852K-21.8%	$1.1M+351.9%	$241K
Income Tax	-$21K+94.1%	-$353K-1080.6%	$36K	N/A	N/A	N/A
Net Income	-$50.4M+25.3%	-$67.5M+14.7%	-$79.1M-28.8%	-$61.4M-97.5%	-$31.1M-0.3%	-$31.0M
EPS (Diluted)	$-1.03+27.0%	$-1.41+16.1%	$-1.68+27.9%	$-2.33+56.2%	$-5.32	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	$180.7M+11.2%	$162.5M+7.7%	$151.0M+17.8%	$128.1M+7.8%	$118.9M+7.1%	$111.0M+5.4%	$105.3M+7.4%	$98.1M
Cost of Revenue	$108.7M+11.6%	$97.4M+2.9%	$94.6M+19.7%	$79.1M+8.8%	$72.7M+7.7%	$67.5M+2.3%	$66.0M+3.7%	$63.6M
Gross Profit	$72.0M+10.5%	$65.2M+15.7%	$56.3M+14.8%	$49.1M+6.1%	$46.2M+6.2%	$43.6M+10.6%	$39.4M+14.3%	$34.5M
R&D Expenses	$12.5M+13.8%	$11.0M-1.5%	$11.2M+25.6%	$8.9M+4.3%	$8.5M-4.5%	$8.9M+9.8%	$8.1M-2.3%	$8.3M
SG&A Expenses	$19.5M+14.9%	$16.9M-0.5%	$17.0M+17.9%	$14.4M-3.4%	$14.9M-41.6%	$25.6M+60.3%	$16.0M+5.6%	$15.1M
Operating Income	-$11.1M-7.5%	-$10.3M+33.1%	-$15.4M-22.7%	-$12.5M+5.0%	-$13.2M+53.0%	-$28.1M-41.8%	-$19.8M+27.6%	-$27.3M
Interest Expense	$1.3M+8.1%	$1.2M-0.5%	$1.2M0.0%	$1.2M-1.4%	$1.2M+1.0%	$1.2M-0.4%	$1.2M-3.9%	$1.2M
Income Tax	-$17K-112.5%	-$8K	$0+100.0%	-$561K-503.6%	$139K+307.5%	-$67K-149.3%	$136K	N/A
Net Income	-$11.6M+56.1%	-$26.4M-75.4%	-$15.1M-42.9%	-$10.6M+12.2%	-$12.0M+54.7%	-$26.6M-44.8%	-$18.3M+33.2%	-$27.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	$-0.38+34.5%	$-0.58

XMTR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$680.1M-3.9%	$707.4M-3.6%	$734.1M+46.1%	$502.6M+464.9%	$89.0M	N/A
Current Assets	$327.5M-8.1%	$356.2M-8.0%	$387.2M+136.9%	$163.4M+110.5%	$77.7M	N/A
Cash & Equivalents	$22.2M-58.4%	$53.4M-18.6%	$65.7M-23.9%	$86.3M+44.1%	$59.9M	N/A
Inventory	$3.9M+35.7%	$2.9M+83.6%	$1.6M-22.7%	$2.0M-11.4%	$2.3M	N/A
Accounts Receivable	$74.0M+5.5%	$70.1M+42.3%	$49.3M+52.0%	$32.4M+122.5%	$14.6M	N/A
Goodwill	$262.7M-0.1%	$262.9M+1.9%	$258.0M+1.3%	$254.7M+30472.9%	$833K-61.9%	$2.2M
Total Liabilities	$364.5M-3.3%	$377.0M+4.0%	$362.3M+369.9%	$77.1M-61.5%	$200.2M	N/A
Current Liabilities	$74.8M-10.1%	$83.2M+29.9%	$64.0M+12.3%	$57.0M+48.6%	$38.4M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$314.5M-4.5%	$329.3M-11.2%	$370.7M-12.7%	$424.4M+481.5%	-$111.2M-52.2%	-$73.1M
Retained Earnings	-$370.3M-15.8%	-$319.9M-26.7%	-$252.4M-45.6%	-$173.3M-54.8%	-$112.0M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$698.9M+1.7%	$687.0M-0.4%	$690.1M-2.4%	$707.4M+1.0%	$700.5M-1.1%	$708.5M-2.2%	$724.7M-1.3%	$734.1M
Current Assets	$341.1M+3.8%	$328.5M-1.8%	$334.6M-6.1%	$356.2M-0.3%	$357.3M-2.1%	$364.8M-2.1%	$372.8M-3.7%	$387.2M
Cash & Equivalents	$20.8M+24.4%	$16.8M+8.0%	$15.5M-71.0%	$53.4M+20.4%	$44.4M-21.8%	$56.7M+42.9%	$39.7M-39.5%	$65.7M
Inventory	$4.2M-8.5%	$4.6M+14.9%	$4.0M+39.8%	$2.9M+120.4%	$1.3M-2.2%	$1.3M-7.3%	$1.4M-8.1%	$1.6M
Accounts Receivable	$98.9M+13.8%	$86.9M+1.6%	$85.5M+22.0%	$70.1M+9.6%	$64.0M+11.0%	$57.7M+10.4%	$52.2M+6.0%	$49.3M
Goodwill	$263.8M0.0%	$263.8M+0.3%	$263.0M0.0%	$262.9M0.0%	$262.9M0.0%	$263.0M+0.2%	$262.4M+1.7%	$258.0M
Total Liabilities	$425.8M+2.5%	$415.5M+9.6%	$379.1M+0.6%	$377.0M+3.7%	$363.6M-0.6%	$366.0M+1.0%	$362.3M0.0%	$362.3M
Current Liabilities	$94.1M+12.0%	$84.0M-6.0%	$89.4M+7.5%	$83.2M+22.7%	$67.8M-1.8%	$69.0M+6.5%	$64.8M+1.2%	$64.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$272.0M+0.6%	$270.4M-12.7%	$309.9M-5.9%	$329.3M-1.9%	$335.8M-1.6%	$341.4M-5.5%	$361.3M-2.5%	$370.7M
Retained Earnings	-$423.4M-2.8%	-$411.8M-6.9%	-$385.4M-20.5%	-$319.9M-4.4%	-$306.3M-4.1%	-$294.3M-9.9%	-$267.7M-6.1%	-$252.4M

XMTR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$15.4M+48.5%	-$29.9M+52.3%	-$62.6M+8.7%	-$68.6M-211.0%	-$22.0M+18.7%	-$27.1M
Capital Expenditures	$18.1M-2.1%	$18.5M+35.4%	$13.7M+118.0%	$6.3M+49.5%	$4.2M+55.6%	$2.7M
Free Cash Flow	-$33.5M+30.8%	-$48.4M+36.6%	-$76.2M-1.9%	-$74.8M-185.2%	-$26.2M+12.0%	-$29.8M
Investing Cash Flow	-$20.2M-220.1%	$16.8M+107.0%	-$238.6M-12.2%	-$212.7M-3289.6%	$6.7M+383.8%	-$2.4M
Financing Cash Flow	$4.6M+334.8%	$1.1M-99.6%	$281.0M-8.7%	$307.8M+772.8%	$35.3M-35.6%	$54.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	$5.8M+1456.4%	-$427K+88.4%	-$3.7M-185.2%	-$1.3M+78.3%	-$6.0M+2.9%	-$6.2M+62.6%	-$16.5M+3.6%	-$17.1M
Capital Expenditures	$7.4M+7.0%	$7.0M+26.6%	$5.5M-14.4%	$6.4M+79.9%	$3.6M-17.1%	$4.3M+2.9%	$4.2M+3.6%	$4.0M
Free Cash Flow	-$1.7M+77.6%	-$7.4M+19.6%	-$9.2M-19.1%	-$7.7M+19.2%	-$9.5M+8.7%	-$10.5M+49.3%	-$20.6M+2.2%	-$21.1M
Investing Cash Flow	-$2.1M-1351.4%	-$148K+96.0%	-$3.7M-134.7%	$10.6M+262.0%	-$6.6M-128.8%	$22.7M+327.4%	-$10.0M-119.0%	$52.7M
Financing Cash Flow	$460K-70.1%	$1.5M+201.2%	$510K+241.3%	-$361K-227.1%	$284K-57.0%	$661K+36.9%	$483K+190.4%	-$534K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XMTR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	39.5%+1.1pp	38.5%+0.1pp	38.3%+12.2pp	26.2%+2.6pp	23.5%+5.2pp	18.4%
Operating Margin	-10.3%+5.6pp	-15.9%+4.4pp	-20.2%+6.6pp	-26.9%-6.2pp	-20.7%+17.4pp	-38.1%
Net Margin	-9.2%+5.3pp	-14.6%+6.2pp	-20.8%+7.4pp	-28.1%-6.1pp	-22.0%+16.6pp	-38.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-7.4%+2.1pp	-9.5%+1.2pp	-10.8%+1.4pp	-12.2%+22.7pp	-34.9%	N/A
Current Ratio	4.38+0.1	4.28-1.8	6.05+3.2	2.87+0.8	2.02	N/A
Debt-to-Equity	1.16+0.0	1.14+0.2	0.98+0.8	0.18+2.0	-1.80	N/A
FCF Margin	-6.1%+4.3pp	-10.4%+9.6pp	-20.0%+14.3pp	-34.3%-15.7pp	-18.6%+18.6pp	-37.2%

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Gross Margin	39.9%-0.2pp	40.1%+2.8pp	37.3%-1.0pp	38.3%-0.6pp	38.9%-0.4pp	39.2%+1.9pp	37.4%+2.2pp	35.1%
Operating Margin	-6.1%+0.2pp	-6.3%+3.9pp	-10.2%-0.4pp	-9.8%+1.3pp	-11.1%+14.2pp	-25.3%-6.5pp	-18.8%+9.1pp	-27.9%
Net Margin	-6.4%+9.8pp	-16.3%-6.3pp	-10.0%-1.8pp	-8.2%+1.9pp	-10.1%+13.8pp	-23.9%-6.5pp	-17.4%+10.6pp	-28.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.7%+2.2pp	-3.9%-1.7pp	-2.2%-0.7pp	-1.5%+0.2pp	-1.7%+2.0pp	-3.8%-1.2pp	-2.5%+1.2pp	-3.7%
Current Ratio	3.62-0.3	3.91+0.2	3.74-0.5	4.28-1.0	5.27-0.0	5.28-0.5	5.75-0.3	6.05
Debt-to-Equity	1.57+0.0	1.54+0.3	1.22+0.1	1.14+0.1	1.08+0.0	1.07+0.1	1.00+0.0	0.98
FCF Margin	-0.9%+3.6pp	-4.5%+1.5pp	-6.1%-0.1pp	-6.0%+2.0pp	-8.0%+1.4pp	-9.4%+10.2pp	-19.6%+1.9pp	-21.5%

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Frequently Asked Questions

What is Xometry, Inc.'s annual revenue?

Xometry, Inc. (XMTR) reported $545.5M in total revenue for fiscal year 2024. This represents a 17.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Xometry, Inc.'s revenue growing?

Xometry, Inc. (XMTR) revenue grew by 17.7% year-over-year, from $463.4M to $545.5M in fiscal year 2024.

Is Xometry, Inc. profitable?

No, Xometry, Inc. (XMTR) reported a net income of -$50.4M in fiscal year 2024, with a net profit margin of -9.2%.

What is Xometry, Inc.'s earnings per share (EPS)?

Xometry, Inc. (XMTR) reported diluted earnings per share of $-1.03 for fiscal year 2024. This represents a 27.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Xometry, Inc.'s EBITDA?

Xometry, Inc. (XMTR) had EBITDA of -$43.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Xometry, Inc.'s gross margin?

Xometry, Inc. (XMTR) had a gross margin of 39.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Xometry, Inc.'s operating margin?

Xometry, Inc. (XMTR) had an operating margin of -10.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Xometry, Inc.'s net profit margin?

Xometry, Inc. (XMTR) had a net profit margin of -9.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Xometry, Inc.'s free cash flow?

Xometry, Inc. (XMTR) generated -$33.5M in free cash flow during fiscal year 2024. This represents a 30.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Xometry, Inc.'s operating cash flow?

Xometry, Inc. (XMTR) generated -$15.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Xometry, Inc.'s total assets?

Xometry, Inc. (XMTR) had $680.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Xometry, Inc.'s capital expenditures?

Xometry, Inc. (XMTR) invested $18.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Xometry, Inc. spend on research and development?

Xometry, Inc. (XMTR) invested $39.3M in research and development during fiscal year 2024.

What is Xometry, Inc.'s current ratio?

Xometry, Inc. (XMTR) had a current ratio of 4.38 as of fiscal year 2024, which is generally considered healthy.

What is Xometry, Inc.'s debt-to-equity ratio?

Xometry, Inc. (XMTR) had a debt-to-equity ratio of 1.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Xometry, Inc.'s return on assets (ROA)?

Xometry, Inc. (XMTR) had a return on assets of -7.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Xometry, Inc.'s cash runway?

Based on fiscal year 2024 data, Xometry, Inc. (XMTR) had $22.2M in cash against an annual operating cash burn of $15.4M. This gives an estimated cash runway of approximately 17 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Xometry, Inc.'s Piotroski F-Score?

Xometry, Inc. (XMTR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Xometry, Inc.'s earnings high quality?

Xometry, Inc. (XMTR) has an earnings quality ratio of 0.31x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Xometry, Inc. cover its interest payments?

Xometry, Inc. (XMTR) has an interest coverage ratio of -11.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Xometry, Inc.?

Xometry, Inc. (XMTR) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.