The accelerating revenue growth (4th consecutive quarter of acceleration) and raised full-year guidance are strong bullish signals. Monitor Q3 results for continued marketplace momentum and margin expansion toward the 20% incremental EBITDA margin target. The equity offering overhang is now in the rearview mirror with a strengthened balance sheet.
Price Chart
Executive Summary
Xometry reported Q2 2026 revenue of $229M (+41% YoY), beating consensus of $215.1M, and Non-GAAP EPS of $0.16, in line with consensus. Marketplace revenue accelerated to 45% YoY growth, and the company raised its full-year 2026 revenue growth outlook from 27-28% to 33-34%, driven by ~37% marketplace growth. The strong top-line beat and raised guidance signal accelerating market share gains in the custom manufacturing marketplace, though the company remains GAAP-loss-making and completed a dilutive equity offering in June.
Key Financial Metrics
Key Facts
- Q2 revenue of $229M (+41% YoY) beat $215.1M consensus
- Marketplace revenue grew 45% YoY to $215M
- Non-GAAP EPS of $0.16 in line with consensus
- FY2026 revenue growth outlook raised to 33-34% (from 27-28%)
- Adjusted EBITDA of $14.1M improved $10.2M YoY
- Active Buyers grew 20% YoY to 89,557; accounts with $50K+ spend grew 23%
- Cash and marketable securities of $517M after $248M equity offering and $50M Siemens investment
- GAAP net loss of $5.3M, improved from -$26.4M in Q2 2025
Financial Impact
Revenue beat of $13.9M (6.5%) vs consensus; FY guidance raised by ~6 percentage points
Risk Factors
- GAAP net loss continues, though narrowing
- International segment remains Adjusted EBITDA-negative (-$3.3M)
- Services revenue declined 3% YoY
- Dilution from June equity offering (shares outstanding increased ~11%)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-331547 |
| Document: xmtr-20260804.htm | 0001193125-26-331547 |
| Document: 0001193125-26-331547-index-headers.html | 0001193125-26-331547 |
| Document: 0001193125-26-331547-index.html | 0001193125-26-331547 |
| Document: 0001193125-26-331547.txt | 0001193125-26-331547 |
| 8-K Data (Synthetic) | 0001193125-26-331547 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Press Release | $87.59 $105.13 | ▲ +20.03% | ▲ +17.92% | $102.53 (+17.06%) |
Sep 3, 2026 29d ago | Insider Cluster | $93.04 $86.11 | ▼ −7.45% | ▼ −6.30% | $102.53 (+10.20%) |
Aug 31, 2026 4w ago | 144 | $91.15 $85.59 | ▼ −6.10% | ▼ −6.18% | $102.53 (+12.48%) |
Aug 31, 2026 4w ago | Insider Cluster | $92.69 $92.45 | ▼ −0.26% | ▼ −0.12% | $102.53 (+10.62%) |
Aug 21, 2026 6w ago | Insider Cluster | $83.59 $94.11 | ▲ +12.59% | ▲ +12.11% | $102.53 (+22.66%) |
Aug 18, 2026 6w ago | Insider Cluster | $85.95 $87.78 | ▲ +2.13% | ▲ +2.33% | $102.53 (+19.29%) |
Aug 11, 2026 7w ago | Insider Cluster | $91.43 $85.95 | ▼ −5.99% | ▼ −5.59% | $102.53 (+12.14%) |
Aug 4, 2026 8w ago | 8-K | $91.66 $91.43 | ▼ −0.25% | ▼ −0.15% | $102.53 (+11.86%) |
Aug 4, 2026 8w ago | Press Release | $91.66 $91.43 | ▼ −0.25% | ▼ −0.15% | $102.53 (+11.86%) |
Jul 21, 2026 10w ago | Press Release | $104.85 $85.92 | ▼ −18.05% | ▼ −16.83% | $102.53 (−2.21%) |
US Market Status
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