Xometry (XMTR) Research & Development (2020 - 2026)
Xometry (XMTR) recorded quarterly Research & Development of $11.4 million in Q1 2026, down 5.47% quarter-over-quarter from $12.1 million in Q4 2025, and up 2.3% on a YoY basis from $11.2 million in Q1 2025.
Xometry (XMTR) Research & Development (2020 - 2026) Analysis & Trends
Xometry's Research & Development history runs 7 years deep, the most recent figure standing at $11.4 million for Q1 2026.
- In Q1 2026, Research & Development rose 2.3% year-over-year to $11.4 million; the TTM figure through Mar 2026 stood at $47.0 million (up 15.03% YoY), while the FY2025 annual figure was $46.8 million, up 19.0% from the prior year.
- Research & Development was $11.4 million for Q1 2026 at Xometry, down from $12.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $12.5 million in Q3 2025 to a low of $7.3 million in Q1 2022.
- Historically, Research & Development has averaged $9.6 million across 5 years, with a median of $9.3 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Research & Development soared 98.96% in 2022, then increased 2.3% in 2026.
- A 5-year view of Research & Development shows it stood at $8.3 million in 2022, then gained by 6.94% to $8.9 million in 2023, then climbed by 16.62% to $10.4 million in 2024, then rose by 16.58% to $12.1 million in 2025, then declined by 5.47% to $11.4 million in 2026.
- The last three Research & Development figures came in at $11.4 million (Q1 2026), $12.1 million (Q4 2025), and $12.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 63.64 Bn | 63.46 Bn | 1.75 Bn | - |
| 2 | Fastenal | 53.18 Bn | 52.87 Bn | 982.90 Mn | - |
| 3 | Ferguson Enterprises | 45.51 Bn | 44.69 Bn | 2.32 Bn | - |
| 4 | Wesco International | 17.33 Bn | 16.62 Bn | 1.29 Bn | - |
| 5 | Watsco | 14.65 Bn | 14.51 Bn | 427.56 Mn | - |
| 6 | Qxo | 12.24 Bn | 9.19 Bn | 409.30 Mn | - |
| 7 | Applied Industrial Technologies | 11.99 Bn | 11.82 Bn | 380.80 Mn | - |
| 8 | Core & Main | 9.98 Bn | 9.84 Bn | 428.00 Mn | - |
| 9 | Pool | 7.00 Bn | 6.92 Bn | 329.87 Mn | - |
| 10 | Xometry | 4.21 Bn | 3.98 Bn | 78.49 Mn | 11.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.43 Mn |
| Dec 31, 2025 | 12.09 Mn |
| Sep 30, 2025 | 12.52 Mn |
| Jun 30, 2025 | 11.01 Mn |
| Mar 31, 2025 | 11.17 Mn |
| Dec 31, 2024 | 10.37 Mn |
| Sep 30, 2024 | 9.34 Mn |
| Jun 30, 2024 | 10.02 Mn |
| Mar 31, 2024 | 9.59 Mn |
| Dec 31, 2023 | 8.89 Mn |
| Sep 30, 2023 | 8.52 Mn |
| Jun 30, 2023 | 8.92 Mn |
| Mar 31, 2023 | 8.13 Mn |
| Dec 31, 2022 | 8.32 Mn |
| Sep 30, 2022 | 7.61 Mn |
| Jun 30, 2022 | 7.80 Mn |
| Mar 31, 2022 | 7.29 Mn |
| Dec 31, 2021 | 5.65 Mn |
| Sep 30, 2021 | 4.38 Mn |
| Jun 30, 2021 | 4.09 Mn |