After the publication of strong quarterly financial data, Xometry, Inc. (NASDAQ: XMTR) saw a significant increase in share value on Tuesday, jumping 42.98% to finish at $44.28. The business recorded $148 million in Marketplace revenue, a 26% increase from the previous year.
The record success is a result of Xometry’s continuous investments in network development, enterprise-focused projects, and platform innovation, all of which are setting up the business for long-term, steady growth.
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Growth of the Marketplace and Growing Buyer Base
The most recent quarter for Xometry showed a robust pace in customer acquisition. By June 30, 2025, there were 74,777 active buyers on the marketplace, up 22% from June 30, 2024, when there were 61,530. In the same time frame, accounts with a Last Twelve-Months Spend of at least $50,000 increased from 1,436 to 1,653 by 15%.
These numbers demonstrate the company’s growing market share in a fragmented industry. Along with record revenue, increased marketplace gross margin, and improved operational leverage, the second quarter saw Adjusted EBITDA rise $6.6 million to $3.9 million year over year.
Strong Finances and Wise Investments
By refinancing convertible debt and obtaining $250 million in new 0.75% convertible notes due in 2030, Xometry improved its financial standing. More than $200 million in 2027 maturities were covered by this deal, giving the financial flexibility to pursue development plans and margin enhancement.
Additionally, the company purchased a capped call hedge with a cap price initially set at $63.35, reflecting a 75% premium over the transaction date’s market price.
Technological Enhancements and Global Expansion
In Europe, the UK, and Turkey, Xometry EU launched Teamspace, a cloud-based collaboration tool for enterprise customers to manage projects and custom part orders. Integration capabilities were also introduced to streamline procurement by enabling custom parts ordering directly within buyers’ procurement platforms, improving efficiency and reducing errors.
Xometry introduced a marketplace product in North America that uses artificial intelligence (AI) to automate technical drawing analysis, improving supplier selection and fast quotation accuracy. To further increase supplier reputation and reach, Thomasnet also teamed with NSF, a world leader in public health and safety certification, to make NSF the chosen certification body for its industrial sourcing platform.
