earnings
confidence high
sentiment positive
materiality 0.70
Xometry Q2 2024: record revenue $133M, up 19% YoY; marketplace revenue +25%
Xometry, Inc.
- Revenue $132.6M (record), up 19% YoY; marketplace revenue $117.3M, +25% YoY.
- Gross profit record $52.9M; gross margin 39.9% (record). Marketplace gross margin 33.5%, +180 bps.
- Net loss $13.7M improved from $26.6M YoY; Adj. EBITDA loss -$2.6M improved 70%.
- Active buyers 61,530 (+27% YoY); accounts >$50k spend up 24% to 1,436.
- New auto-quote tube-bending/cutting in beta; APAC/EU marketplace expansion underway.