Xometry’s third quarter revenue hit $252.4 million, up 40% from $180.7 million a year earlier. That’s the second straight quarter the company has posted growth “at the 40% level,” according to CFO James Miln, who also flagged marketplace gross margin of 36.0% and adjusted EBITDA margin up 510 basis points year-over-year to 8.5%.
Xometry doesn’t publish peer growth rates, so there’s no way to check whether this outpaces the rest of the online manufacturing marketplace field. What the filing shows is Xometry’s own trajectory, and it’s a sharp one. Marketplace revenue alone reached $238 million, growing 43% year-over-year and pushing the company past a $1 billion revenue run rate. Services revenue, by contrast, barely moved: up 2% to $14.4 million.
The buyer numbers explain where the growth is coming from. Active buyers rose 20% to 93,812, with 4,255 net additions in the quarter. The high-value segment grew faster: accounts spending at least $50,000 over the trailing 12 months climbed 26% to 2,172. That gap, 26% versus 20%, means the net buyer additions are tilted toward bigger accounts rather than spread evenly across the base.
Profitability moved just as fast as revenue. Gross profit climbed 37% to $98.7 million. Adjusted EBITDA came in at $21.4 million against $6.1 million a year earlier, a swing that turned net income positive: $1.9 million attributable to common stockholders, versus an $11.6 million net loss in the same quarter last year. The company is sitting on $505 million in cash, cash equivalents and marketable securities.
Management raised its full-year revenue growth outlook to at least 37%, up from a prior range of 33% to 34%. Fourth-quarter guidance calls for $254 million to $256 million in revenue, which actually represents a deceleration to 32-33% growth, and adjusted EBITDA of $22 million to $22.5 million. Full-year adjusted EBITDA is projected at $68 million to $68.5 million, up from $18.5 million in 2025, nearly four times the prior year’s figure.
CEO Sanjeev Singh Sahni described the company as “the infrastructure layer for custom manufacturing,” framing the growth as market share capture rather than category expansion. The numbers don’t settle which of those it is. Surpassing a $1 billion run rate and growing high-value accounts faster than total buyers both point toward share gains inside an existing pool of industrial buyers, more than a sudden surge in total demand for custom manufacturing.
Xometry sits alongside the rest of the sector we track on our stocks page, and readers following the company’s quarter-by-quarter numbers can check our Xometry timeline for how this quarter stacks up against the ones before it.
Sources
- Xometry posts record Q3 revenue of $252 million and raises 2026 outlook, VoxelMatters, November 4, 2026