Filing Flows › Xometry (XMTR) › Q2 2025
Xometry (XMTR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Xometry (XMTR) reported revenue of $163M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +8% from the quarter before. Operating margin was -6.3%, net loss $26.4M (16.3% of revenue).
Xometry, Q2 2025: revenue $163M (+23% year over year), operating margin -6.3%, net loss $26.4M, operating cash flow −$427K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $163M | +8% | +23% |
| Operating profit | −$10.3M | — | — |
| Net earnings | −$26.4M | — | — |
| Operating cash flow | −$427K | — | — |
What changed
Revenue was $162.5M in Q2 2025, up 23% year over year and up 8% from the previous quarter. Marketplace Revenue was the largest line at 91% of revenue. Marketplace Revenue added $30.9M year over year (up 26%), 103% of the total change. Supplier Service Revenue declined 6%.
Gross margin was 40.1%, up 0.2 points from a year earlier. Operating costs exceeded revenue by $10.3M, an operating margin of -6.3%. Operating expenses grew 11% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+25%). The quarter ended with a net loss of $26.4M, wider than the previous quarter's $15.1M loss. Net interest and other expense of $16.2M was the main reason.
Operating cash flow was −$427K. Non-cash charges added back $4.5M of depreciation and amortization and $7.9M of share-based compensation. Working capital and other items added $13.6M. Capital expenditures of $7.0M exceeded it, leaving free cash flow of −$7.4M.
Questions
What was Xometry's revenue in the second quarter 2025?
Xometry (XMTR) reported revenue of $163M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +8% from the quarter before.
Was Xometry profitable in the second quarter 2025?
Operating loss was $10.3M (-6.3% of revenue) and net loss $26.4M.
Source: Xometry 10-Q on SEC EDGAR.