Xometry, Inc. (NASDAQ: XMTR)

Xometry, Inc. is an AI native global online manufacturing marketplace that connects buyers with suppliers of custom manufacturing services. The company operates a platform that provides instant quoting, production matching and order fulfillment for a wide range of processes and materials. In addition to its core marketplace Xometry offers the Thomasnet industrial sourcing platform and the Workcenter manufacturing execution system to support the broader manufacturing lifecycle.

Xometry generates revenue primarily from fees on marketplace orders placed by buyers for custom manufacturing parts. The company also earns revenue from its services segment which includes Thomasnet advertising and marketing offerings, financial solutions such as Instant Pay and the Workcenter software platform. Revenue from services represented about eight percent of total revenue in 2025 with most of that coming from Thomasnet advertising. All revenue is recognized when the service is completed or the transaction is processed.

Xometry occupies a leading position in the digital transformation of the custom manufacturing industry by offering an AI native marketplace that provides instant pricing and lead time transparency. The company competes with traditional local manufacturers, vertically integrated service bureaus, traditional brokers, independent machine shops and 3D printing service bureaus. Competitive advantages stem from its proprietary AI technology that improves pricing accuracy, reduces lead times and enhances supplier matching. Additionally Xometry benefits from a large and growing network of active buyers and suppliers which creates a strong network effect. The extensibility of the platform allows rapid addition of new processes and materials to meet evolving customer needs.

The company serves a diverse base of buyers that includes engineers, procurement professionals and product developers across industries such as aerospace, industrial, medical devices, automotive, consumer goods, defense, government, energy, education and robotics. As of December 31, 2025 Xometry reported 81,821 active buyers who had made at least one purchase on the platform during the preceding twelve months. The platform also supports a global network of active suppliers that provide manufacturing capacity for these buyer orders.