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Xometry vs Flywire: XMTR and FLYW compared
Xometry is the larger company: $252M of revenue in its latest quarter (Q3 2026) against $250M for Flywire (Q3 2026). Xometry is growing faster (+40% against +25% a year earlier). Flywire is more profitable, with an operating margin of 21.1% against 0.0%.
Where the money goes: XMTR and FLYW
Xometry (XMTR) · Q3 2026
Xometry, Q3 2026: revenue $252M (+40% year over year), operating margin 0.0%, net earnings $1.9M, operating cash flow $7.9M. The chart follows the revenue to costs, profit and cash.
Flywire (FLYW) · Q3 2026
Flywire, Q3 2026: revenue $250M (+25% year over year), operating margin 21.1%, net earnings $74.5M, operating cash flow $125M. The chart follows the revenue to costs, profit and cash.
| Xometry (XMTR) | Flywire (FLYW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $252M | $250M |
| Revenue growth, Y/Y | +40% | +25% |
| Gross margin | 39.1% | — |
| Operating margin | 0.0% | 21.1% |
| Net earnings | $1.9M | $74.5M |
| Net margin | 0.8% | 29.8% |
| Operating cash flow | $7.9M | $125M |
| Free cash flow | — | $125M |
| Market value | $6.7B | $2.4B |
| P/E | — | 30.8× |
| Analysts’ mean target | $119.55 | $22.82 |
Where the revenue comes from
Xometry
- Marketplace Revenue: $238M (94%)
- Supplier Service Revenue: $14.4M (6%)
Flywire
- Transactions: $215M (86%)
- Platform and other revenues: $35.2M (14%)
Questions
Which is bigger, Xometry or Flywire?
Xometry is the larger company: $252M of revenue in its latest quarter (Q3 2026) against $250M for Flywire (Q3 2026).
Is Xometry or Flywire growing faster?
Xometry is growing faster (+40% against +25% a year earlier).
Which is more profitable, Xometry or Flywire?
Flywire is more profitable, with an operating margin of 21.1% against 0.0%.
More: Xometry earnings · how Xometry makes money · Flywire earnings · how Flywire makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.