Filing Flows › Xometry (XMTR) › Q1 2025
Xometry (XMTR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Xometry (XMTR) reported revenue of $151M for the first quarter 2025 (Q1 2025), +23% from a year earlier and +2% from the quarter before. Operating margin was -10.2%, net loss $15.1M (10.0% of revenue).
Xometry, Q1 2025: revenue $151M (+23% year over year), operating margin -10.2%, net loss $15.1M, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | +2% | +23% |
| Operating profit | −$15.4M | — | — |
| Net earnings | −$15.1M | — | — |
| Operating cash flow | −$3.7M | — | — |
What changed
Revenue was $151.0M in Q1 2025, up 23% year over year and up 2% from the previous quarter. Marketplace Revenue was the largest line at 90% of revenue. Marketplace Revenue added $29.2M year over year (up 27%), 103% of the total change. Supplier Service Revenue declined 6%.
Gross margin was 37.3%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $15.4M, an operating margin of -10.2%. Operating expenses grew 9% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+22%). The quarter ended with a net loss of $15.1M, wider than the previous quarter's $9.9M loss.
Operating cash flow was −$3.7M. Non-cash charges added back $4.2M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items used $203K. Capital expenditures of $5.5M exceeded it, leaving free cash flow of −$9.2M.
Questions
What was Xometry's revenue in the first quarter 2025?
Xometry (XMTR) reported revenue of $151M for the first quarter 2025 (Q1 2025), +23% from a year earlier and +2% from the quarter before.
Was Xometry profitable in the first quarter 2025?
Operating loss was $15.4M (-10.2% of revenue) and net loss $15.1M.
Source: Xometry 10-Q on SEC EDGAR.