Xometry | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 229.28 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 229.28 M, beating the estimate of USD 215.14 M.
EPS: As of FY2026 Q2, the actual value is USD -0.1, beating the estimate of USD -0.1027.
EBIT: As of FY2026 Q2, the actual value is USD -3.702 M.
Financial Highlights
Gross Profit
- For Q2 2026, Xometry, Inc.’s gross profit increased 34% year-over-year to $87.2 million.
- For the six months ended June 30, 2026, gross profit was $165,642 thousand, a 36% increase from $121,507 thousand in the prior year period.
Net Loss Attributable to Common Stockholders
- Net loss attributable to common stockholders for Q2 2026 was - $5.3 million, an 80% improvement compared to - $26,434 thousand in Q2 2025.
- For the six months ended June 30, 2026, the net loss was - $10,580 thousand, an improvement of 75% from - $41,512 thousand in the prior year period.
Adjusted EBITDA
- Adjusted EBITDA for Q2 2026 improved to $14.1 million, reflecting an improvement of $10.2 million year-over-year.
- For the six months ended June 30, 2026, Adjusted EBITDA was $24,629 thousand, a 515% increase from $4,004 thousand in the prior year period.
Non-GAAP Net Income
- Non-GAAP net income for Q2 2026 was $9.9 million, compared to $1.1 million in Q2 2025.
- For the six months ended June 30, 2026, Non-GAAP net income was $16,802 thousand, a significant increase from a Non-GAAP net loss of - $1,446 thousand in the prior year period.
Segment Performance (Q2 2026 vs. Q2 2025)
Marketplace Revenue
- Marketplace revenue was $215 million, an increase of 45% year-over-year.
Marketplace Gross Profit
- Marketplace gross profit was $74,760 thousand, up 42% from $52,464 thousand in Q2 2025.
Marketplace Gross Margin
- Marketplace gross margin was 34.7% in Q2 2026, a -0.7% change from 35.4% in Q2 2025.
Services Revenue
- Services revenue was $13.9 million, down 3% from $14,324 thousand in Q2 2025.
Services Gross Profit
- Services gross profit was $12,393 thousand, down 3% from $12,712 thousand in Q2 2025.
Services Gross Margin
- Services gross margin was 89.1% in Q2 2026, a 0.4% change from 88.7% in Q2 2025.
Geographical Revenue
- U.S. revenue was $194,749 thousand, while International revenue was $34,531 thousand.
Geographical Adjusted EBITDA
- U.S. Adjusted EBITDA was $17,464 thousand, and International Adjusted EBITDA was - $3,321 thousand.
Operational Metrics (as of June 30, 2026)
Marketplace Active Buyers
- Marketplace Active Buyers increased 20% to 89,557 from 74,777 as of June 30, 2025.
Accounts with Last Twelve-Months Spend of at least $50,000
- Accounts with Last Twelve-Months Spend of at least $50,000 increased 23% to 2,039 from 1,653 as of June 30, 2025.
Cash and Liquidity
Cash, Cash Equivalents and Marketable Securities
- As of June 30, 2026, cash, cash equivalents and marketable securities totaled $517 million, an increase of $293 million from March 31, 2026.
- This increase was driven by $248 million in net proceeds from the offering of Class A common stock and $50.0 million from a private placement with Siemens.
Net Cash Provided by Operating Activities
- For the six months ended June 30, 2026, net cash provided by operating activities was $17,542 thousand, compared to net cash used in operating activities of - $4,118 thousand in the same period of 2025.
Outlook / Guidance
For Q3 2026, Xometry, Inc. expects revenue between $234 million and $236 million, representing 30-31% year-over-year growth, primarily driven by approximately 33% marketplace growth, with Adjusted EBITDA projected to be between $16 million and $17 million, an improvement from $6.1 million in Q3 2025. For the full year 2026, the company is raising its revenue growth outlook to 33-34%, driven by approximately 37% marketplace growth. Xometry, Inc. anticipates full year 2026 Adjusted EBITDA of $60-$62 million, an improvement from $18.5 million in Full Year 2025.
