Xometry (XMTR) Research & Development (2020 - 2026)
Xometry's Research & Development came in at $12.98 million for Q2 2026, up 17.9% from $11.01 million a year earlier and up 13.6% from the prior quarter.
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Analysis
Xometry (XMTR) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Xometry reported Research & Development of $49.02 million, up 17.0% year-over-year; for FY2025, it came in at $46.79 million, up 19.0% from FY2024.
- Research & Development has increased in each of the last six years, with a five-year compound annual growth rate of 30.9% (FY2020 to FY2025).
- Going back by year, Research & Development was $39.32 million in FY2024 (+14.1%), $34.46 million in FY2023 (+11.1%), $31.01 million in FY2022 (+74.4%) and $17.78 million in FY2021 (+45.9%).
- The Q2 2026 figure represents the highest quarterly Research & Development in data going back to Q2 2020.
- Year-over-year, Research & Development has increased for 21 consecutive quarters, with growth averaging 15.4% over the last eight quarters.
- Across the past five years, year-over-year growth in Research & Development ran from 2.3% in Q1 2026 to 99.0% in Q1 2022.
- Business Quant data shows XMTR's Research & Development at $11.43 million (Q1 2026), $12.09 million (Q4 2025) and $12.52 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | -673.00 Mn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 99.90 Mn |
| 10 | Xometry | 5.73 Bn | 4.55 Bn | 87.15 Mn | 12.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.98 Mn |
| 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 |
API Access
Xometry Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=XMTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "XMTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=XMTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();