Xometry Posts Record Q1 2026 Revenue, Secures Siemens Partnership
Event summary
- Xometry reported Q1 2026 revenue of $205 million, up 36% YoY, driven by 40% marketplace growth.
- Marketplace gross profit increased 53% YoY to $66.4 million, with Adjusted EBITDA improving by $10.4 million YoY to $10.5 million.
- Xometry announced a strategic partnership with Siemens, which includes a $50 million investment in Xometry Class A common stock.
- Active buyers on the platform increased 20% YoY to 85,581, with accounts spending at least $50,000 in the last twelve months up 21% YoY to 1,864.
- Xometry introduced enhancements to its Instant Quoting Engine, including a new enterprise machining lead time model and improved dynamic pricing logic.
The big picture
Xometry's strong Q1 2026 results underscore the growing demand for AI-native marketplaces in the manufacturing sector. The strategic partnership with Siemens highlights the increasing integration of AI-powered intelligence in industrial software, positioning Xometry to capitalize on broader digital transformation trends in manufacturing. The company's focus on expanding its buyer and supplier networks, along with enhancements to its platform, suggests a strategic shift towards deeper enterprise engagement and international growth.
What we're watching
- Marketplace Scaling
- Whether Xometry can sustain its rapid marketplace growth and expanding buyer and supplier networks.
- Enterprise Engagement
- How the new enterprise machining lead time model will impact reliability and execution speed for enterprise buyers.
- Strategic Partnerships
- The potential impact of the Siemens partnership on Xometry's AI-powered intelligence and industrial software offerings.
Related topics