# XMTR earnings call intelligence

LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/XMTR) · [Earnings tab](https://www.lopjlb.com/stock/XMTR?tab=earnings)

Updated: 2026-08-04T06:39:12

Quarters analyzed: 8

## Latest CallCard · Q1

Xometry Q1 2026: 36% revenue growth to $205M, $10.5M adj EBITDA, Siemens partnership ($50M investment, AI embedding), raised FY guidance to 27-28% growth, active buyers +20% YoY.','tone': {'mgmt': 0.8, 'mgmt_rationale': 'Management highlights record Q1 results, accelerating growth across all metrics

**Guidance:** vague

**Tone:** mgmt 0 · Q&A pressure 0 · divergence 0

## Quarter one-liners

- **2026 Q1:** Xometry Q1 2026: 36% revenue growth to $205M, $10.5M adj EBITDA, Siemens partnership ($50M investment, AI embedding), raised FY guidance to 27-28% growth, active buyers +20% YoY.','tone': {'mgmt': 0.8, 'mgmt_rationale': 'Management highlights record Q1 results, accelerating growth across all metrics
- **2025 Q4:** Xometry delivered record Q4 with 30% revenue growth, 35.3% marketplace gross margin, and announced CEO transition to Sanjeev Sahni effective July 2026; guiding 21%+ FY26 growth with 20%+ incremental EBITDA margins.','tone':{'mgmt':0.7,'mgmt_rationale':'Management highlighted record results, accelera
- **2025 Q3:** Xometry Q3 2025: revenue $181M (+28% YoY), marketplace gross margin 35.7% (+210bps), raised FY25 marketplace growth to 27-28%, 2026 revenue growth ≥20%.
- **2025 Q2:** Xometry Q2 2025: record revenue $163M (+23% YoY), marketplace margin 35.4% (+190bps), adj EBITDA $3.9M; raising FY25 marketplace growth to 23-24%, revenue ≥20% YoY; AI-driven pricing, enterprise expansion, Teamspace EU launch, cautious on macro.','tone': {'mgmt': 0.6, 'mgmt_rationale': 'Prepared rem
- **2025 Q1:** Xometry Q1 revenue $151M (+23% YoY), marketplace +27%, positive adj EBITDA; raised full-year marketplace growth to ≥22%; tariff-driven domestic sourcing shift validates marketplace model.','tone': {'mgmt': 0.7, 'mgmt_rationale': 'Management highlighted accelerated revenue growth, positive adjusted E
- **2024 Q4:** Xometry Q4 revenue $149M (+16% YoY), marketplace revenue +20% to $135M, active buyers +23% to 68K, marketplace gross margin 34.5% (+320bps), adj EBITDA positive $1M; 2025 guidance 20-21% revenue growth, continued margin expansion.','tone': {'mgmt': 0.7, 'mgmt_rationale': 'Prepared remarks emphasize 
- **2024 Q3:** —
- **2024 Q2:** Xometry Q2 2024: record revenue $133M (+19% YoY), marketplace gross margin 33.5% (+180bps), adjusted EBITDA loss improved 70% to 2% of revenue; reaffirmed FY24 marketplace growth ≥20%.

## Theme arcs

- **Revenue growth** (improving): YoY revenue rose from +19% in Q2 2024 to +36% in Q1 2026, with guidance consistently raised.
- **Marketplace margin expansion** (improving): Gross margin improved from 33.5% to 35.7% as AI pricing and auto‑quote tools took effect.
- **Macro uncertainty** (deteriorating): Repeatedly cited as a risk, limiting confidence despite strong demand.
- **Supplier services transition** (new): Revenue dip and platform migration issues surfaced in Q4 2024 and Q3 2025.
- **International segment losses** (new): EBITDA loss widened to $4.2 M in Q3 2025 as global scale investments intensified.
- **Capital efficiency** (stable): OpEx growth remained modest; focus shifted to working‑capital efficiency.
- **Leadership transition** (new): CEO change to Sanjeev Sahni announced for July 2026.

## Fear persistence

- **Macro uncertainty** [recurring]: Cited in Q2 2024, Q3 2025, and later calls as a persistent risk.
- **Supplier services revenue decline** [recurring]: Noted in Q2 2024 and again in Q3 2025 during platform transition.
- **Thomas active paying suppliers decline** [resolved]: Mentioned only in Q2 2024; no further references.
- **International segment losses** [new]: First appeared in Q3 2025 with widened EBITDA loss.

## Guidance path

2024 Q2:maintained → 2024 Q3:vague → 2024 Q4:vague → 2025 Q1:vague → 2025 Q2:vague → 2025 Q3:raised → 2025 Q4:vague → 2026 Q1:vague

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Research context only. Not personalized investment advice.

API: `GET /bff/api/bigfive/earnings-intel/XMTR`