Xometry (XMTR) Research & Development (2020 - 2026)
Xometry (XMTR) posted quarterly Research & Development of $32.0 million for Q1 2026, up 186.16% year-over-year from $11.2 million in Q1 2025, and down 63.69% quarter-over-quarter from $88.0 million in Q4 2025.
Xometry (XMTR) Research & Development (2020 - 2026) Analysis & Trends
Xometry's Research & Development history runs 7 years deep, the most recent figure standing at $32.0 million for Q1 2026.
- In Q1 2026, Research & Development rose 186.16% year-over-year to $32.0 million; the TTM figure through Mar 2026 stood at $182.4 million (up 219.63% YoY), while the FY2025 annual figure was $122.7 million, up 13.2% from the prior year.
- Research & Development for Q1 2026 stood at $32.0 million, down from $88.0 million in the prior quarter.
- The five-year high for Research & Development was $88.0 million in Q4 2025, with the low at $7.3 million in Q1 2022.
- The 5-year median for Research & Development is $18.1 million (2022), against an average of $22.6 million.
- The sharpest annual moves came in 2022 and 2023: Research & Development surged 343.53% in 2022, then plunged 60.2% in 2023.
- Xometry's Research & Development stood at $37.5 million in 2022, then sank by 32.37% to $25.4 million in 2023, then climbed by 4.62% to $26.5 million in 2024, then surged by 231.67% to $88.0 million in 2025, then sank by 63.69% to $32.0 million in 2026.
- Business Quant data shows XMTR's Research & Development at $32.0 million in Q1 2026, $88.0 million in Q4 2025, and $32.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | - |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | - |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | - |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | - |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | - |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | - |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | - |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | - |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | - |
| 10 | Xometry | 5.15 Bn | 4.63 Bn | 87.15 Mn | 33.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.59 Mn |
| Mar 31, 2026 | 31.97 Mn |
| Dec 31, 2025 | 88.05 Mn |
| Sep 30, 2025 | 32.65 Mn |
| Jun 30, 2025 | 29.78 Mn |
| Mar 31, 2025 | 11.17 Mn |
| Dec 31, 2024 | 26.55 Mn |
| Sep 30, 2024 | 9.34 Mn |
| Jun 30, 2024 | 10.02 Mn |
| Mar 31, 2024 | 9.59 Mn |
| Dec 31, 2023 | 25.37 Mn |
| Sep 30, 2023 | 8.52 Mn |
| Jun 30, 2023 | 8.92 Mn |
| Mar 31, 2023 | 8.13 Mn |
| Dec 31, 2022 | 37.52 Mn |
| Sep 30, 2022 | 21.42 Mn |
| Jun 30, 2022 | 18.15 Mn |
| Mar 31, 2022 | 7.29 Mn |
| Dec 31, 2021 | 27.29 Mn |
| Sep 30, 2021 | 9.83 Mn |