Xometry's Q2 2026 Results Show Accelerating Marketplace Growth — Xometry, Inc.

Event summary

Q2 revenue increased 41% year-over-year to $229 million, driven by marketplace growth.
Marketplace revenue grew 45% year-over-year, with active buyers increasing 20% to 89,557.
Adjusted EBITDA improved by $10.2 million year-over-year to $14.1 million.
Xometry raised $248 million in a follow-on equity offering and has $517 million in cash as of June 30, 2026.

The big picture

Xometry's strong Q2 2026 results highlight the growing adoption of its AI-native marketplace in the custom manufacturing sector. The company's ability to expand its network of buyers and suppliers, coupled with significant operating expense leverage, positions it well to capitalize on the digitization of the manufacturing industry. With a robust cash position following its recent equity offering, Xometry is poised to accelerate market share gains and further solidify its infrastructure role in custom manufacturing.

What we're watching

Marketplace Expansion: How Xometry's accelerating marketplace growth will affect its penetration of the fragmented offline market.
Financial Performance: Whether Xometry can sustain its improved adjusted EBITDA margins amid continued investment in growth initiatives.
Strategic Investments: The pace at which Xometry will deploy its increased cash position for organic growth and selective M&A.