Xometry reports record Q2 2025 revenue of $163 million
Xometry, Inc, based in North Bethesda, Maryland, USA, has announced its financial results for the second quarter ended June 30, 2025. Q2 revenue increased 23% year-over-year to a record $163 million, said to be driven by robust marketplace growth.
Q2 marketplace revenue increased 26% year over year, fuelled by strong enterprise growth and expanding networks of buyers and suppliers. Gross profit for this period increased 23% year over year to a record $65.2 million, or 40.1% of revenue, supported by a record marketplace gross margin of 35.4%.
Adjusted EBITDA for the second quarter of 2025 marked a profit of $3.9 million, reflecting an improvement of $6.6 million year-over-year, driven by expanding marketplace gross margin and strong operating expense leverage. Cash, cash equivalents and marketable securities were $226 million as of June 30, 2025.
The company attributed the strong results to consistent execution across growth initiatives, including expanding buyer and supplier networks, driving deeper enterprise engagement, further expanding the marketplace platform, growing internationally and enhancing supplier services.
“We delivered strong performance across the board this quarter,” stated Randy Altschuler, CEO at Xometry. “The record results reflect investments we’ve made in platform innovation, enterprise initiatives and network expansion – key drivers that position Xometry for sustainable, long-term growth. We expect continued growth momentum as we gain share in our large fragmented market.”
James Miln, CFO at Xometry, added, “In Q2, we generated record revenue, significant marketplace gross margin expansion and strong operating leverage. Our Adjusted EBITDA improved by $6.6 million year-over-year to $3.9 million. As we scale to $1 billion of revenue, we expect to deliver improving profitability even as we continue to invest in our growth initiatives.”
