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How Xometry (XMTR) makes money

Xometry (XMTR) made $252M of revenue in the third quarter 2026 (Q3 2026), +40% from a year earlier. Marketplace Revenue brought in $238M (94%); Supplier Service Revenue brought in $14.4M (6%). Of every dollar of revenue, 39¢ was left as gross profit, 0¢ was left as operating profit, 1¢ was left as net earnings.

Drawing the Sankey…

Xometry revenue by segment, Q3 2026Xometry revenue by segment, Q3 2026Marketplace Revenue$238MSupplier Service Revenue$14.4M
Xometry: revenue by line, Q1 2025 to Q3 2026Xometry: revenue by line, Q1 2025 to Q3 2026Marketplace RevenueSupplier Service Reve…Marketplace Revenue: $238M latest$238MSupplier Service Revenue: $14.4M latestQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Marketplace Revenue went from 90% of revenue in Q1 2025 to 94% in Q3 2026, the largest shift in the mix.
Xometry revenue by quarterXometry revenue by quarter$151MQ1 2025$163MQ2 2025$181MQ3 2025$192MQ4 2025$205MQ1 2026$229MQ2 2026$252MQ3 2026
Xometry: where each dollar of revenue goesXometry: where each dollar of revenue goesCost of revenue61¢Gross profit39¢Operating expenses39¢Operating profit0¢Income tax0¢Net earnings1¢Operating cash flow3¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Marketplace Revenue$238M94.3%+11%+43%
Supplier Service Revenue$14.4M5.7%+4%+2%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$252M100.0%
Cost of revenue$154M60.9%
Gross profit$98.7M39.1%
Operating expenses$98.6M39.1%
Operating profit$57K0.0%
Income tax$704K0.3%
Net earnings$1.9M0.8%
Operating cash flow$7.9M3.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$252M+40%
Q2 2026$229M+41%
Q1 2026$205M+36%
Q4 2025$192M+30%
Q3 2025$181M+28%
Q2 2025$163M+23%
Q1 2025$151M+23%

From Xometry's 10-Q filed Nov 3, 2026 (on EDGAR).

Questions

How does Xometry make money?

Xometry (XMTR) made $252M of revenue in the third quarter 2026 (Q3 2026), +40% from a year earlier. Marketplace Revenue brought in $238M (94%); Supplier Service Revenue brought in $14.4M (6%). Of every dollar of revenue, 39¢ was left as gross profit, 0¢ was left as operating profit, 1¢ was left as net earnings.

What is Xometry's biggest business?

Marketplace Revenue: $238M in the third quarter 2026, 94% of revenue, +43% from a year earlier.

What is Xometry's profit margin?

Net earnings were $1.9M, 0.8% of revenue, in the third quarter 2026; the operating margin was 0.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.