Xometry has demonstrated 36% year-over-year revenue growth and a 3-for-3 earnings beat record, positioning it as the industrial distribution growth leader in its peer group, but below-average business quality at 2.4 and heavy concentration on Amazon Web Services as a supplier introduce meaningful execution and infrastructure risk.
Thesis pillars
- Aws Supplier Concentration Risk→Stable
- Quality Floor Breach Cash Burn→Stable
- Revenue Growth Leadership Peer Group→Stable
- +1 more pillar — see the Why tab for full reasoning
Xometry, Inc. (XMTR) Stock Analysis
Industrials · Industrial Distribution
Sell if holding. Engine safety override at $90.04: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. Specifically: Below-average business quality; Negative price momentum.
Xometry runs an AI-native global marketplace connecting manufacturing buyers with suppliers across CNC machining, injection molding, 3D printing, and other processes, generating $686.6 million in 2025 revenue from 81,821 active buyers and 4,996 active suppliers. Revenue is... Read more
Sell if holding. Engine safety override at $90.04: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.1/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 32d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About Xometry, Inc.
About Xometry, Inc.
Xometry's marketplace revenue reached $686.6 million in 2025, up from $545.5 million in 2024, with international marketplace revenue of $113 million representing 18% of total marketplace revenue after growing 27% year over year. Active Buyers grew 20% to 81,821 and Active Suppliers grew 17% to 4,996 during 2025. The company had 1,174 employees and held approximately $219.1 million in cash and marketable securities at December 31, 2025.
Xometry earns marketplace revenue through the spread between prices it quotes buyers via its AI instant quoting engine and costs paid to fulfillment suppliers, with take-rate influenced by category, customer size, and supplier matching efficiency. Processes supported include CNC machining, injection molding, sheet forming and cutting, die casting, 3D printing, and tube operations, serving end markets spanning aerospace, industrial, medical devices, automotive, consumer goods, defense, government, energy, and robotics. Services revenue — roughly 8% of total revenue in 2025 — comes primarily from Thomasnet advertising and marketing for North American industrial suppliers listing on a platform with over 500,000 suppliers, plus financial products such as Instant Pay. Enterprise accounts with last-twelve-month spend of at least $50,000 grew 18% to 1,760 in 2025, while accounts at $500,000 or more exceeded 140, up from over 100 in 2024. The 10-K identifies Amazon Web Services as the sole infrastructure provider for the platform. Competitors include local manufacturers, vertically integrated service bureaus, independent machine shops, and digital manufacturing companies.
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Xometry's platform operates entirely on Amazon Web Services, an arrangement the 10-K flags as creating risk that any disruption or material contract change could adversely affect the business. A second structural exposure is pre-commitment pricing: Xometry agrees to buyer prices before sourcing to a supplier, so if the AI quoting engine prices an order below what any supplier will accept, Xometry absorbs the loss — a risk that scales with marketplace volume and is particularly acute in lower-margin or difficult-to-match categories. These two factors — infrastructure concentration and pre-bid margin risk — represent the two most company-specific risks distinct from macroeconomic demand variability.
See also: Industrials · Industrial Distribution
From Xometry, Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-07-06Recent Developments — Xometry, Inc.
Latest news
- NEWS Xometry Expands Injection Molding Capabilities Catalogue And Adds On-Demand Manufacturing Design Consultations Directly — benzinga Jun 18, 2026 positive
- NEWS Xometry Prices $225M Stock Offering Of 2.65M Shares At $85/Share, Plans to Use Proceeds for Growth and Operations — benzinga Jun 2, 2026 positive
- NEWS 12 Industrials Stocks Moving In Monday's After-Market Session — benzinga Jun 1, 2026 neutral
- NEWS Xometry Files Prospectus For Mixed Shelf Offering; Size Not Disclosed — benzinga Jun 1, 2026 neutral
- NEWS Xometry Commences $225M Class A Common Stock Offering — benzinga Jun 1, 2026 neutral
Generated 2026-07-06T05:40:27Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSupplierAmazon Web Services10-K Item 1A: 'We rely on Amazon Web Services to operate our platform ... any disruption of service from Amazon Web Services ... could adversely affect our business.'
Material Events(8-K, last 90d)
- 2026-05-21Item 5.02LOWBoard appointed Lukas Biewald as Class I director effective May 20, 2026, also naming him to the Nominating and Corporate Governance Committee. Initial RSU award $380,000; prorated annual RSU award $116,375. No officer departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Unprofitable operations — net margin -7.0%. Quality floor flags this regardless of sector context.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $90.04: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $85.39. Score 5.1/10, moderate confidence.
Take-profit target: $97.46 (+6.1% upside). Prior stop was $85.39. Stop-loss: $85.39.
Concentration risk — Supplier: Amazon Web Services; Target reached (-15.5% upside); Quality below floor (2.4 < 4.0).
Xometry, Inc. trades at a P/E of N/A (forward 71.4). TrendMatrix value score: 5.1/10. Verdict: Sell.
16 analysts cover XMTR with a consensus score of 4.1/5. Average price target: $89.
What does Xometry, Inc. do?Xometry runs an AI-native global marketplace connecting manufacturing buyers with suppliers across CNC machining,...
Xometry runs an AI-native global marketplace connecting manufacturing buyers with suppliers across CNC machining, injection molding, 3D printing, and other processes, generating $686.6 million in 2025 revenue from 81,821 active buyers and 4,996 active suppliers. Revenue is primarily marketplace transaction-based, supplemented by Thomasnet advertising and financial services representing approximately 8% of total revenue.