Xometry (XMTR) | Financial Analysis & Statements
Xometry Inc. Mid-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
192.4M
Gross Profit
75.2M
39.11%
Operating Income
-8.8M
-4.56%
Net Income
-8.6M
-4.49%
EPS (Diluted)
$-0.17
Balance Sheet Metrics
Total Assets
703.7M
Total Liabilities
427.0M
Shareholders Equity
276.7M
Debt to Equity
1.54
Cash Flow Metrics
Operating Cash Flow
6.5M
Free Cash Flow
-5.9M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Xometry Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 686.6M | 545.5M | 463.4M | 380.9M | 218.3M |
| Cost of Goods Sold | 417.9M | 329.9M | 285.1M | 234.9M | 161.2M |
| Gross Profit | 268.8M | 215.6M | 178.3M | 146.0M | 57.1M |
| Gross Margin % | 39.1% | 39.5% | 38.5% | 38.3% | 26.2% |
| Operating Expenses | |||||
| Research & Development | 46.8M | 39.3M | 34.5M | 31.0M | 17.8M |
| Selling, General & Administrative | 194.2M | 173.4M | 164.6M | 142.6M | 74.4M |
| Other Operating Expenses | 72.2M | 59.0M | 52.4M | 48.6M | 23.7M |
| Total Operating Expenses | 313.2M | 271.7M | 251.4M | 222.3M | 115.8M |
| Operating Income | -45.5M | -56.1M | -73.2M | -76.3M | -58.7M |
| Operating Margin % | -6.6% | -10.3% | -15.8% | -20.0% | -26.9% |
| Non-Operating Items | |||||
| Interest Income | 8.6M | 10.8M | 11.6M | 4.1M | 982.0K |
| Interest Expense | 4.9M | 4.8M | 4.8M | 4.4M | 852.0K |
| Other Non-Operating Income | -19.4M | -387.0K | -1.5M | -2.4M | -2.8M |
| Pre-tax Income | -61.2M | -50.4M | -67.8M | -79.0M | -61.4M |
| Income Tax | 589.0K | -21.0K | -353.0K | 36.0K | 0 |
| Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | -61.7M | -50.4M | -67.5M | -79.0M | -61.4M |
| Net Margin % | -9.0% | -9.2% | -14.6% | -20.8% | -28.1% |
| Key Metrics | |||||
| EBITDA | -37.5M | -32.6M | -51.9M | -65.9M | -56.9M |
| EPS (Basic) | $-1.22 | $-1.03 | $-1.41 | $-1.61 | $-2.33 |
| EPS (Diluted) | $-1.22 | $-1.03 | $-1.41 | $-1.61 | $-2.33 |
| Basic Shares Outstanding | 50812072 | 49082722 | 47914039 | 47158247 | 26318349 |
| Diluted Shares Outstanding | 50812072 | 49082722 | 47914039 | 47158247 | 26318349 |
Income Statement Trend
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Xometry Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 15.0M | 22.2M | 53.4M | 65.7M | 86.3M |
| Short-term Investments | 204.1M | 217.6M | 215.4M | 253.8M | 30.5M |
| Accounts Receivable | 97.4M | 74.0M | 70.1M | 49.3M | 32.4M |
| Inventory | 3.9M | 3.9M | 2.9M | 1.6M | 2.0M |
| Other Current Assets | 7.0M | 4.9M | 8.9M | 9.4M | 5.6M |
| Total Current Assets | 334.6M | 327.5M | 356.2M | 387.2M | 163.4M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 17.8M | 15.0M | 17.7M | 28.8M | 30.6M |
| Goodwill | 556.2M | 557.5M | 561.6M | 555.4M | 551.1M |
| Intangible Assets | 28.6M | 32.1M | 35.8M | 39.4M | 41.7M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 880.0K | 412.0K | 471.0K | 413.0K | 773.0K |
| Total Non-Current Assets | 369.1M | 352.6M | 351.2M | 346.9M | 339.2M |
| Total Assets | 703.7M | 680.1M | 707.4M | 734.1M | 502.6M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 44.6M | 35.0M | 24.7M | 12.4M | 12.7M |
| Short-term Debt | 2.1M | 6.4M | 6.8M | 5.5M | 5.6M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 88.9M | 74.8M | 83.2M | 64.0M | 57.0M |
| Non-Current Liabilities | |||||
| Long-term Debt | 337.4M | 288.7M | 292.7M | 296.8M | 16.9M |
| Deferred Tax Liabilities | 145.0K | 229.0K | 275.0K | 429.0K | 18.0K |
| Other Non-Current Liabilities | 547.0K | 817.0K | 778.0K | 1.0M | 1.7M |
| Total Non-Current Liabilities | 338.0M | 289.7M | 293.8M | 298.3M | 20.1M |
| Total Liabilities | 427.0M | 364.5M | 377.0M | 362.3M | 77.1M |
| Equity | |||||
| Common Stock | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -432.0M | -370.3M | -319.9M | -252.4M | -173.3M |
| Treasury Stock | 8.1M | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 276.7M | 315.6M | 330.4M | 371.8M | 425.5M |
| Key Metrics | |||||
| Total Debt | 339.4M | 295.1M | 299.5M | 302.3M | 22.5M |
| Working Capital | 245.7M | 252.8M | 273.0M | 323.2M | 106.4M |
Balance Sheet Composition
Xometry Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -61.7M | -50.4M | -67.5M | -79.0M | -61.4M |
| Depreciation & Amortization | 18.8M | 13.0M | 10.7M | 7.8M | 3.6M |
| Stock-Based Compensation | 36.4M | 29.3M | 22.1M | 19.2M | 7.4M |
| Working Capital Changes | -18.1M | -17.2M | -22.4M | -26.0M | -7.6M |
| Operating Cash Flow | -19.4M | -21.7M | -39.4M | -65.1M | -54.8M |
| Investing Activities | |||||
| Capital Expenditures | -30.2M | -18.0M | -18.3M | -13.5M | -6.3M |
| Acquisitions | 0 | 0 | -3.3M | 0 | -174.6M |
| Investment Purchases | -8.5M | -18.8M | -11.6M | -284.1M | -267.5M |
| Investment Sales | 22.0M | 16.5M | 50.0M | 58.9M | 235.0M |
| Investing Cash Flow | -16.7M | -20.3M | 16.8M | -238.6M | -212.7M |
| Financing Activities | |||||
| Share Repurchases | -8.1M | - | - | 0 | 0 |
| Dividends Paid | - | - | - | 0 | 0 |
| Debt Issuance | 250.0M | 0 | 0 | 287.5M | 0 |
| Debt Repayment | -216.0M | 0 | 0 | -2.0K | -16.1M |
| Financing Cash Flow | -197.0K | -465.0K | -842.0K | 277.3M | 305.4M |
| Free Cash Flow | -24.1M | -33.5M | -48.4M | -76.2M | -74.8M |
| Net Change in Cash | -36.3M | -42.4M | -23.4M | -26.5M | 37.9M |
Cash Flow Trend
Xometry Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-38.39
Forward P/E
41.61
Price to Book
9.01
Price to Sales
3.65
PEG Ratio
2.56
Profitability Ratios
Profit Margin
-8.99%
Operating Margin
-4.67%
Return on Equity
-20.85%
Return on Assets
-3.99%
Financial Health
Current Ratio
3.76
Debt to Equity
122.65
Beta
0.88
Per Share Data
EPS (TTM)
$-1.22
Book Value per Share
$5.37
Revenue per Share
$13.51
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| XMTR | 2.4B | -38.39 | 9.01 | -20.85% | -8.99% | 122.65 |
| GE Vernova | 308.9B | 33.64 | 27.72 | 75.71% | 23.81% | 18.63 |
| Eaton | 164.9B | 39.53 | 8.25 | 21.53% | 14.89% | 54.88 |
| Chart Industries | 10.0B | 630.09 | 3.08 | 1.22% | 0.96% | 109.01 |
| A.O. Smith | 8.9B | 16.72 | 4.80 | 29.20% | 14.26% | 10.97 |
| Donaldson Company | 8.1B | 23.58 | 5.56 | 24.58% | 9.94% | 49.34 |
Financial data is updated regularly. All figures are in the company's reporting currency.






