Filing Flows › Xometry (XMTR) › Q3 2025
Xometry (XMTR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Xometry (XMTR) reported revenue of $181M for the third quarter 2025 (Q3 2025), +28% from a year earlier and +11% from the quarter before. Operating margin was -6.1%, net loss $11.6M (6.4% of revenue).
Xometry, Q3 2025: revenue $181M (+28% year over year), operating margin -6.1%, net loss $11.6M, operating cash flow $5.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181M | +11% | +28% |
| Operating profit | −$11.1M | — | — |
| Net earnings | −$11.6M | — | — |
| Operating cash flow | $5.8M | — | — |
What changed
Revenue was $180.7M in Q3 2025, up 28% year over year and up 11% from the previous quarter. Marketplace Revenue was the largest line at 92% of revenue. Marketplace Revenue added $39.6M year over year (up 31%), 102% of the total change. Supplier Service Revenue declined 4%.
Gross margin was 39.9%, up 0.5 points from a year earlier. Operating costs exceeded revenue by $11.1M, an operating margin of -6.1%. Operating expenses grew 23% against revenue growth of 28%. The fastest-growing cost line was Research & development (+34%). The quarter ended with a net loss of $11.6M, narrower than the previous quarter's $26.4M loss.
Operating cash flow was $5.8M. Non-cash charges added back $5.0M of depreciation and amortization and $10.7M of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $7.4M exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Xometry's revenue in the third quarter 2025?
Xometry (XMTR) reported revenue of $181M for the third quarter 2025 (Q3 2025), +28% from a year earlier and +11% from the quarter before.
Was Xometry profitable in the third quarter 2025?
Operating loss was $11.1M (-6.1% of revenue) and net loss $11.6M.
Source: Xometry 10-Q on SEC EDGAR.