Xometry (XMTR) Q3 2026 earnings summary

Executive summary

• Record Q3 revenue of $252.4M, up 40% YoY; Marketplace revenue grew 43%, GAAP net income was $1.935M, and Adjusted EBITDA reached a record $21.4M.

• Milestones included a $1B+ revenue run rate, first quarter of GAAP profitability, and record Marketplace gross margin.

• Buyer and supplier network expansion, AI-driven product improvements, and enterprise engagement supported growth and operating leverage.

Financial highlights

• Gross profit rose 37% YoY to $98.7M; GAAP net income attributable to common stockholders was $1.935M versus a $11.597M loss in Q3 2025.

• Adjusted EBITDA was $21.4M versus $6.1M a year earlier; Q3 margin was 8.5% versus 3.4%.

• Nine-month revenue grew 39% to $686.9M; nine-month Adjusted EBITDA was $46.1M and non-GAAP net income was $35.4M.

• Operating cash flow was $25.4M for nine months; cash, cash equivalents and marketable securities totaled $505.0M at September 30, 2026.

Outlook and guidance

• Q4 revenue guidance is $254M–$256M, up 32%–33% YoY, with Marketplace growth of 35%–36%; services are expected flat to slightly up.

• Q4 Adjusted EBITDA guidance is $22M–$22.5M, versus $8.4M in Q4 2025.

• FY 2026 revenue growth outlook rose to at least 37% from 33%–34%, including ~41% Marketplace growth; Adjusted EBITDA guidance is $68M–$68.5M.

• Long-term targets include at least 20% incremental Adjusted EBITDA margin above a $1B revenue run rate and Marketplace gross margin of 35%–40%.