Xometry, Inc. (XMTR) AI Stock Analysis

NASDAQ: XMTRAI research summary: business, growth, valuation, analysts, bull and bear case.

XMTR AI stock analysis summary

AI Research

Xometry, Inc. (XMTR) operates an on-demand marketplace connecting customers with manufacturing and prototyping services. The company delivered a 5-year revenue CAGR of 37.2% through FY2025 and quarterly revenue growth of 41.1% for the period ended June 30, 2026. However, it remains unprofitable over the trailing twelve months, reporting an operating margin of -2.4% and an EPS of -$0.60.

Market cap
$5.21B
Revenue (TTM)
$807.5M
P/E
—
fwd 94.3x
1Y return
93.2%
S&P 500 16.8%
Avg. target
$112.09
23.3% vs last close

Bull case

  • Quarterly revenue grew 41.1% year-over-year for the period ended June 30, 2026, outpacing the US-listed Industrials peer median of 9.1%.
  • Gross margin expanded from 26.2% in FY2021 to 39.1% in FY2025, showing improved production unit economics.
  • The company maintains a net cash position of $176.9M and a current ratio of 3.21 as of June 30, 2026.

Bear case

  • The stock trades at a forward P/E of 94.3x and price-to-sales of 6.5x, well above the US-listed Industrials peer medians of 17.2x and 1.5x.
  • Free cash flow remained negative at -$24.1M in FY2025, marking five consecutive fiscal years of cash burn.
  • Trailing twelve months net margin sits at -3.8% alongside an EPS of -$0.60.

What Xometry does

Xometry, Inc. operates a global marketplace facilitating the sourcing of manufactured parts and assemblies. Founded in 2013 and based in Derwood, Maryland, the company provides manufacturing processes including CNC machining, milling, turning, sheet metal fabrication, laser cutting, waterjet cutting, and plasma cutting. It offers 3D printing technologies such as fused deposition modeling, stereolithography, direct metal laser sintering, and PolyJet, alongside injection molding, urethane casting, die casting, rapid prototyping, and finishing services. Xometry partners with brands like Kyocera, Sandvik, and Mitsubishi Materials, serving clients across aerospace and defense, automotive, consumer products, electronics, energy, and medical sectors.

Growth and profitability

Revenue rose from $218.3M in FY2021 to $686.6M in FY2025, supported by a 25.9% increase in FY2025 and a 5-year revenue CAGR of 37.2%. Gross margin improved from 26.2% in FY2021 to 39.1% in FY2025. Operating margin narrowed from -26.9% in FY2021 to -6.6% in FY2025, while net income was -$61.8M with an EPS of $0.38 in FY2025. Over the trailing twelve months, revenue reached $807.5M with an operating margin of -2.4% and an EPS of -$0.60. For the latest quarter ended June 30, 2026, quarterly revenue grew 41.1% year-over-year.

XMTR income statement →

Balance sheet and cash flow

As of June 30, 2026, Xometry held $516.7M in cash and short-term investments against total debt of $339.8M, resulting in net cash of $176.9M. Total assets stood at $1.06B, shareholders' equity was $595.0M, and the current ratio was 3.21 with a debt-to-equity ratio of 0.57. In FY2025, operating cash flow turned positive at $6.1M, while free cash flow was -$24.1M after capital expenditures of $30.2M. The company also spent $8.1M on share buybacks in FY2025, with share count increasing 18.0% over 5 years.

XMTR balance sheet →

Valuation and performance

At a share price of $90.91, Xometry has a market cap of $5.21B and an enterprise value of $5.84B. The stock trades at a forward P/E of 94.3x, a price-to-sales of 6.5x, and an EV-to-revenue of 7.2x. These multiples stand above the median of its US-listed Industrials peers, where the forward P/E is 17.2x and price-to-sales is 1.5x. Over the past year, XMTR returned 93.2%, outperforming the S&P 500 (SPY) return of 16.8%, while its 5-year return of 51.8% trailed the benchmark return of 83.0%.

XMTR key metrics →

What analysts expect

Wall Street coverage includes 6 Strong Buy, 3 Buy, and 3 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target is $112.09, which is 23.3% above the last close of $90.91. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $0.70 on revenue of $917.7M. For the next fiscal year, 11 analysts project EPS of $1.28 and revenue of $1.12B. Xometry has beaten EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for November 3, 2026.

XMTR forecast and price target →

Key risks and what to watch

  • Share count increased 18.0% over 5 years, which dilutes per-share ownership.
  • Operating margin on a trailing twelve months basis is -2.4%, lagging the US-listed Industrials peer median of 11.7%.
  • Short interest accounts for 9.6% of the float, indicating notable market skepticism.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this XMTR AI stock analysis

This page is an AI-written research summary of Xometry, Inc. (XMTR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: XMTR income statement, XMTR balance sheet, XMTR key metrics, XMTR analyst forecast, XMTR chart. See the XMTR stock overview for the latest quote and news.

XMTR AI stock analysis FAQ

Does Xometry pay a dividend?

No, Xometry does not pay a dividend. The company directs its capital toward growth and reported $30.2M in capital expenditures and $8.1M in share buybacks in FY2025.

What is Xometry's revenue growth rate?

Xometry posted a 5-year revenue CAGR of 37.2% through FY2025. For the latest quarter ended June 30, 2026, revenue increased 41.1% year-over-year.

What are analysts' price targets for XMTR?

The consensus mean price target is $112.09, representing a 23.3% premium over the October 16, 2026 closing price of $90.91.

When does Xometry report earnings next?

Xometry's next earnings report date is scheduled for November 3, 2026.

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