Filing Flows › Xometry (XMTR) › Q4 2025
Xometry (XMTR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Xometry (XMTR) reported revenue of $192M for the fourth quarter 2025 (Q4 2025), +30% from a year earlier and +6% from the quarter before. Operating margin was -4.6%, net loss $8.6M (4.5% of revenue).
Xometry, Q4 2025: revenue $192M (+30% year over year), operating margin -4.6%, net loss $8.6M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $192M | +6% | +30% |
| Operating profit | −$8.8M | — | — |
| Net earnings | −$8.6M | — | — |
| Operating cash flow | $4.4M | -24% | -51% |
What changed
Revenue was $192.4M in Q4 2025, up 30% year over year and up 6% from the previous quarter.
Gross margin was 39.1%, down 0.6 points from a year earlier. Operating costs exceeded revenue by $8.8M, an operating margin of -4.6%. Operating expenses grew 19% against revenue growth of 30%. The fastest-growing cost line was Sales & marketing (+28%). The quarter ended with a net loss of $8.6M, narrower than the previous quarter's $11.6M loss.
Operating cash flow was $4.4M (down 51% year over year). Non-cash charges added back $5.0M of depreciation and amortization and $10.4M of share-based compensation. Working capital and other items used $2.3M. Capital expenditures of $10.3M exceeded it, leaving free cash flow of −$5.9M.
Questions
What was Xometry's revenue in the fourth quarter 2025?
Xometry (XMTR) reported revenue of $192M for the fourth quarter 2025 (Q4 2025), +30% from a year earlier and +6% from the quarter before.
Was Xometry profitable in the fourth quarter 2025?
Operating loss was $8.8M (-4.6% of revenue) and net loss $8.6M.
Source: Xometry 10-K on SEC EDGAR.