US Digital manufacturing marketplace Xometry exceeded a $1 billion annualized revenue run rate in the third quarter of 2026, reporting record $252.4 million, up 40% year on year, and 10.1% quarter on quarter.
The annualized figure reflects the company’s latest quarterly revenue extrapolated over 12 months, rather than revenue already earned during 2026. The company also recorded its first quarterly GAAP net profit of $1.9 million, reversing losses of $11.6 million in Q3 2025 and $5.3 million in Q2 2026. Xometry subsequently raised its full-year revenue growth outlook to at least 37%.
Adjusted EBITDA increased from $6.1 million to $21.4 million, with its margin improving from 3.4% to 8.5%. The results also marked a return to quarterly net profitability following a $5.3 million loss in Q2.
During the company’s Q3 earning call, CFO James Miln attributed the improved profitability to revenue growth, higher marketplace gross margins and operating efficiencies. Non-GAAP operating expenses increased 17% Y/Y, below the rate of revenue growth.
Marketplace growth and larger customers
Xometry’s marketplace connects buyers with suppliers across additive manufacturing, CNC machining, injection moulding and other custom manufacturing processes. The company does not separately disclose revenue attributable to additive manufacturing.
| Revenue segment | Q3 2026 | Q3 2025 | Q2 2026 | Y/Y | Q/Q |
| Marketplace | $238M | $166.6M | $215.4M | +42.9% | +10.5% |
| Supplier services | $14.4M | $14.1M | $13.9M | +2.1% | +3.6% |
| Total | $252.4M | $180.7M | $229.3M | +39.7% | +10.1% |
Marketplace revenue reached $238 million, increasing 42.9% Y/Y and 10.5% Q/Q, remaining above the first-quarter rate. Marketplace gross profit rose to $85.7 million, up 44% Y/Y and 14.6% Q/Q, while gross margin reached a record 36%, compared with 35.7% a year earlier and 34.7% in Q2.
Xometry attributed the performance to increased buyer activity, particularly among enterprise customers, alongside improvements to its AI-powered pricing and sourcing models.
Xometry CEO Sanjeev Singh Sahni said the company had moved most buyer traffic onto a redesigned e-commerce platform, introduced one-click reordering and expanded its Instant Quoting Engine with more than 100 additional materials.
Active marketplace buyers increased 20% year on year to 93,812, including a record 4,255 net additions during the quarter. Accounts spending at least $50,000 over the preceding 12 months rose 26% to 2,172, up to 26% Y/Y and 6.5% from Q2.
According to Miln, marketplace revenue per active buyer increased 19% Y/Y, primarily reflecting greater spending among existing customers. Revenue from the company’s largest customers increased by more than 40% Y/Y.
Supplier services revenue increased 2.2% year on year to $14.4 million and 3.8% Q/Q. The segment includes advertising and marketing services, financial products and software-based solutions, including services associated with its Thomasnet industrial sourcing platform.
US revenue increased 41% year on year to $213.4 million, while international revenue rose 32% to $39 million. The international segment narrowed its adjusted EBITDA loss from $4.2 million to approximately $597,000, though Miln cautioned this partly reflected one-off expense favourability expected to balance out in Q4.
Supplier platform, procurement and enterprise strategy
Xometry introduced and updated Workcenter platform for manufacturing partners, building on AI sourcing models introduced in July.
The platform combines available manufacturing jobs, supplier performance scores and payment information. Its updated Job Board includes filters, an on-screen 3D viewer and drawing review tool, allowing suppliers to assess manufacturing requirements before accepting work.
According to Sahni, suppliers have accepted work faster since the update, with more jobs matched to an appropriate manufacturing partner on the first offer. Xometry’s global network includes more than 5,000 active suppliers.
The company also expanded its partnership with TradeCentric, adding purchase order and invoice automation to its existing PunchOut integration. The system connects Xometry’s marketplace with more than 220 eProcurement solutions, including SAP Ariba, Coupa and Microsoft Dynamics, reducing manual purchasing and billing processes.
Xometry’s broader enterprise strategy includes its partnership with Siemens, supported by a $50 million equity investment. Sahni said the companies are developing integrations to bring Xometry’s manufacturing pricing and manufacturability data into Siemens Designcenter. A beta launch is expected in Q1 2027, followed by a gradual customer rollout during the year.
The strategy also builds on Xometry’s 2021 acquisition of Thomas, an industrial sourcing and digital marketing platform acquired for approximately $300 million. The acquisition expanded Xometry’s network of industrial buyers and suppliers while adding marketing, supplier discovery and other services that now complement its marketplace business.
Xometry raises 2026 guidance
Following the results, Xometry raised its full-year revenue growth forecast from 33-34% to at least 37%, driven by expected marketplace growth of approximately 41%.
The company forecasts fourth-quarter revenue of $254-256 million, representing 32-33% Y/Y growth and approximately 0.6-1.4% Q/Q growth from Q3. Marketplace revenue is expected to grow approximately 35-36% Y/Y, while supplier services revenue is expected to remain flat to slightly higher.
Full-year adjusted EBITDA is expected to reach $68–68.5 million, approximately $7 million above the company’s previous guidance. Xometry expects fourth-quarter adjusted EBITDA of $22–22.5 million, compared with $8.4 million a year earlier.
Looking beyond 2026, management said it continues to target an incremental adjusted EBITDA margin of at least 20% above the $1 billion revenue run rate. Xometry expects to provide detailed 2027 guidance alongside its Q4 results.
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Featured image shows the Xometry Marketplace. Image via Xometry.
