Xometry (Nasdaq: XMTR) is getting into 2025 with momentum. The corporate delivered document quarterly income and narrowed its losses, displaying progress towards profitability. Extra importantly, for these watching the way forward for digital manufacturing, its market—house to a variety of customized manufacturing processes, together with 3D printing—is rising sooner than ever. Whereas Xometry as an entire remains to be shedding cash primarily based on its reported outcomes, its foremost platform retains rising and bettering, slowly pushing the corporate nearer to creating regular income.
Within the first quarter of 2025, Xometry’s whole income rose 23% year-over-year to $151 million. Most of this was powered by its AI-driven market, which grew income by 27% to $136 million. Xometry reduce its losses in Q1 however nonetheless ended the quarter within the purple, reporting a web lack of $15.1 million—an enchancment from the $16.6 million loss it posted in the identical quarter final 12 months.
What About 3D Printing?
For the additive manufacturing sector, Xometry stays probably the most accessible platforms to supply 3D printing work. Its market contains numerous 3D printing applied sciences, together with FDM, SLS, DMLS, PolyJet, SLA, MJF, and binder jetting. These are listed alongside different manufacturing processes like CNC machining, injection molding, and sheet steel forming.
The corporate doesn’t get away particular income from 3D printing, however it stays one of many key classes in its portfolio. In reality, Xometry launched immediate quoting for injection molding in Europe this quarter, and the corporate has hinted that extra quoting classes—together with additive manufacturing—are on the roadmap for future growth.
Given Xometry’s AI-powered matching system and international community of 4,375 energetic suppliers, 3D printing continues to learn from broader tendencies on the platform, particularly when it comes to pace, entry to consumers, and worldwide attain.
Analysts word {that a} massive a part of Xometry’s enterprise includes prototyping, an space the place 3D printing is closely used. For instance, Cantor Fitzgerald’s Troy Jensen identified that Xometry stays “extremely uncovered to prototyping functions,” suggesting that lots of its transactions are nonetheless tied to low-volume, fast-turnaround jobs, which are sometimes greatest served by additive processes. Nevertheless, this, he warns, poses a danger. In his newest analysis word, he wrote that this might be a energy when demand is excessive, however a vulnerability when macroeconomic circumstances shift or corporations delay early-stage R&D work.
William Blair’s lead manufacturing analyst, Brian Drab, sees it otherwise, emphasizing the long-term progress potential of Xometry’s mannequin. Whereas not specializing in 3D printing particularly, Drab is extra optimistic concerning the firm’s “skill to scale and deepen enterprise relationships,” which might assist transfer the enterprise past simply prototyping work.
Repeat Enterprise
In the meantime, Xometry’s purchaser base is rising, with 71,454 energetic consumers reported in Q1 2025, representing a 22% improve from final 12 months. Many of those are enterprise prospects. The variety of accounts spending over $50,000 up to now 12 months rose 12% from a 12 months earlier.
That is excellent news for suppliers providing 3D printing, particularly as Xometry works to maintain consumers coming again. As prospects spend extra and get entry to extra providers, 3D printing has extra possibilities to remain helpful for quick, reasonably priced prototyping.
Xometry Integrates Teamspace Collaboration Device Into Its AI-Powered Market. Picture courtesy of GlobeNewsWire.
Xometry’s market is rising, however its provider providers enterprise, like promoting and subscriptions by Thomasnet, noticed a 6% drop in income this quarter. Regardless of the decline, the section stays extremely worthwhile, with an 89% gross margin. Nonetheless, it’s going through challenges resulting from modifications in digital advert spending and shifting priorities amongst small producers.
The corporate additionally underwent a restructuring in March 2025, slicing its workforce by 5% to enhance effectivity and realign assets. Xometry recorded a $1.5 million restructuring cost, with the financial savings anticipated to go towards new applied sciences for automation and scaling.
What Comes Subsequent?
Xometry raised its market progress outlook for the full-year 2025 to at the very least 22%, up from its earlier estimate of 20%. Provider providers are anticipated to say no about 5%, however the firm nonetheless anticipates adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) profitability for the total 12 months.
For the 3D printing business, Xometry’s continued growth, particularly in Europe and Asia-Pacific, means extra international visibility for additive processes. As immediate quoting expands and enterprise demand rises, additive manufacturing will doubtless stay a key element of how Xometry delivers on its “manufacturing-as-a-service” imaginative and prescient.
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