Xometry, a company that operates an AI-powered marketplace for custom manufacturing, reported record first-quarter 2026 revenue of $205 million, up 36% from $151 million a year earlier. Marketplace revenue rose 40% year over year to $191.3 million, while gross profit increased 39% to $78.5 million. Adjusted EBITDA reached $10.5 million, improving by $10.4 million from the first quarter of 2025. The company also announced a strategic partnership with Siemens, an industrial technology company, to embed its manufacturability, pricing, sourcing, and execution intelligence into Siemens Xcelerator. Siemens is also purchasing approximately $50 million of Class A common stock.
First-quarter results show that most of the growth came from the marketplace business. Marketplace gross profit rose 53% year over year to $66.4 million, while marketplace gross margin increased from 31.8% to 34.7%. Active buyers reached 85,581 as of March 31, 2026, up 20% from 71,454 a year earlier. Accounts with last-twelve-month spend of at least $50,000 increased 21% to 1,864. Management said 98% of marketplace revenue came from existing accounts in both the first quarter of 2026 and the first quarter of 2025. Services revenue was $13.8 million, down 5% from $14.6 million in the prior-year quarter. Net loss attributable to common stockholders narrowed to $5.3 million, compared with $15.1 million in the first quarter of 2025. Non-GAAP net income was $6.9 million, compared with a non-GAAP net loss of $2.5 million a year earlier.
Randy Altschuler, CEO, said first-quarter revenue growth reflected expansion across the company’s global network. “In the first quarter, we delivered 36% revenue growth year-over-year, underscoring the strength of our marketplace innovation and expanding global network,” he said. “This quarter marks a significant acceleration of marketplace growth, driven by increasing wallet share and rapid adoption of our supply chain solutions.” James Miln, CFO, said marketplace gross profit growth reached 53% in the quarter. “Our Adjusted EBITDA improved by $10.4 million year-over-year to $10.5 million, reflecting the strong leverage in our marketplace model,” he said. “We expect to continue to deliver 20% annual incremental Adjusted EBITDA margins as we rapidly scale to $1 billion in revenue.”
Several updates to quoting and production tools were also introduced during the quarter. A new enterprise machining lead-time model was added to the Instant Quoting Engine. The deep learning model was trained on a dataset four times larger than previous versions and was designed to improve prediction accuracy, expand rapid delivery options including one-day lead times, and reduce standard lead-time offerings. Pricing logic in the quoting system was also updated through a conversion-rate model that analyzes geometric features, quote configurations, and customer-specific historical data. In U.S. injection molding, six materials and three finishes were added, increasing the selection of instant-quoting injection molded parts by more than 15%. A new “name your part” feature was also introduced to let customers align part names, parts libraries, and SKU structures with internal systems.
Cash, cash equivalents, and marketable securities totaled $224 million as of March 31, 2026, up $4.8 million from December 31, 2025, driven by $14.6 million in operating cash flow. For the second quarter of 2026, revenue is expected to reach $214 million to $216 million, with Adjusted EBITDA of $11 million to $12 million. Full-year guidance was raised from at least 21% revenue growth to 27% to 28%, driven by approximately 30% marketplace growth. Management said it expects incremental Adjusted EBITDA margins of at least 20% for full-year 2026.
3D Printing Industry is inviting speakers for its 2026 Additive Manufacturing Applications (AMA) series, covering Energy, Healthcare, Automotive and Mobility, Aerospace, Space and Defense, and Software. Each online event focuses on real production deployments, qualification, and supply chain integration. Practitioners interested in contributing can complete the call for speakers form here.
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Featured image shows The Xometry Marketplace. Image via Xometry.
