Xometry’s Marketplace Has Generated Nearly $1 Billion In Revenue For America’s Small- And Medium Manufacturers
Rhea-AI Summary
Xometry (NASDAQ: XMTR) announced that its AI-powered manufacturing marketplace has generated nearly $1 billion in revenue for American small and medium manufacturers from January 2020 to March 2025. The company's platform connects over 4,375 global suppliers, with a majority of marketplace revenue flowing to U.S. suppliers.
Through its annual 'Excellence in Manufacturing' awards, Xometry recognizes exceptional suppliers across 48 states, including standout honoree JR Metal Works from Green Bay, Wisconsin. The company offers digital tools including Teamspace for buyers and Workcenter for suppliers, along with integrated financial services.
According to Xometry's recent 'American Manufacturing Resurgence' poll, 70% of manufacturing CEOs are embracing AI for operational efficiencies, and nearly half have reshored operations. The platform's Instant Quoting Engine leverages data analytics to match buyers with suppliers globally, providing accurate pricing and lead times.
Positive
- Generated nearly $1B in revenue for U.S. manufacturers over 5 years
- Large network of 4,375+ global suppliers with majority revenue to U.S. suppliers
- Comprehensive digital infrastructure with Teamspace and Workcenter platforms
- Strong adoption metrics with 70% of manufacturing CEOs embracing platform's AI capabilities
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, XMTR gained 0.82%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
- From Local Shops to Global Reach: Xometry Helps Manufacturers Thrive And Grow, Reaching New Customers, Reinvesting In Their Business And Attracting Top Talent
- The Company’s Annual “Excellence In Manufacturing” Awards Honors U.S. Manufacturers Who Deliver Exceptional Quality
- Wisconsin-Based JR Metal Works, A Multi-Year Winner, Describes Xometry As A “Horsepower Multiplier” For His Business
NORTH BETHESDA, Md., April 17, 2025 (GLOBE NEWSWIRE) -- Xometry (NASDAQ: XMTR), the global marketplace digitizing manufacturing and driving greater supply chain resiliency, today announced that its AI-powered, on-demand custom manufacturing marketplace has generated nearly
“America’s manufacturers are deeply rooted in their local communities and play a critical role in our national and global economies,” said Randy Altschuler, CEO of Xometry. “The Xometry Marketplace helps them reach new customers, re-invest in growth, and hire and train skilled talent. We see the impact every day through our partnerships across the country.”
In addition to creating nearly
This year’s honorees represent all 48 contiguous states and encompass nearly every type of manufacturing technology – from CNC machining and injection molding to sheet metal fabrication and metal- and plastic 3D printing.
One standout honoree is JR Metal Works, a Green Bay, Wisc.-based custom fabricator of sheet metal, pipe and plate products. A five-time award recipient, JR Metal Works continues to raise the bar for quality and service.
“Since high school, I dreamed of having my own metal fabrication shop. In 2016, I opened JR Metal Works with a mission of providing customers excellent customer service, quality and a premium experience,” Jesse Kleiman, owner of JR Metal Works, said. “Since we began working with Xometry in 2019, we’ve been able to purchase additional equipment, grow our team and reach new customers around the world. Xometry is a horsepower multiplier for our business.”
Today, more than 4,375 global suppliers are active on the Xometry Marketplace. A significant majority of marketplace revenue flows to the company’s growing U.S. supplier network.
In a rapidly changing environment, agility is everything. As more manufacturers reshore operations and seek domestic partners, they’re also turning to Xometry to digitize and future-proof their businesses. Xometry’s robust suite of digital tools benefits both buyers and suppliers:
- For buyers, Xometry offers Teamspace, enterprise-wide collaboration software that unites engineers, managers and purchasing executives to expedite procurement of custom-manufacturing services.
- For suppliers, Xometry offers Workcenter, a cloud-based ‘manufacturing execution system’ (MES) that digitizes operations and serves as a gateway to the Xometry platform. Xometry also offers integrated financial services to help manufacturers maintain healthy cash flow.
According to Xometry’s recent “American Manufacturing Resurgence” poll, conducted with John Zogby Strategies,
“America’s manufacturers are resilient and can meet any moment,” Altschuler said. “Xometry was purpose-built to help them move faster, adapt to change and drive innovation.”
About Xometry
Xometry’s (NASDAQ: XMTR) AI-powered marketplace, popular Thomasnet® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to get the instant pricing and lead times to create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of data to analyze complex parts in real time, matches buyers with the right suppliers globally, and provides accurate pricing and lead times. Learn more at www.xometry.com or follow @xometry.
Media Contacts:
Matthew Hutchison
Chief Communications Officer
Matthew.Hutchison@xometry.com
Investor Contact:
Shawn Milne
VP, Investor Relations
240-335-8132
Shawn.Milne@xometry.com
FAQ
How much revenue has Xometry's marketplace generated for U.S. manufacturers since 2020?
What digital tools does XMTR offer to manufacturers on its platform?
How many suppliers are currently active on the Xometry (XMTR) marketplace?
What percentage of manufacturing CEOs are adopting AI according to Xometry's recent poll?
