Xometry Inc logo

Xometry Inc(XMTR)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
3-STAR RATING
STRONG BUY
BUY for 5 days
PROFIT SINCE LAST BUY
-1.89% ▼
LAST CLOSE
$103.14
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for XMTR

09/28/2026: XMTR (3-star) is a STRONG-BUY. BUY for 5 days. Simulated Profits (-1.89%). Updated daily EoD!

Xometry Inc is a growth-oriented industrial technology company that operates an AI-driven digital marketplace for on-demand manufacturing. Its main strength lies in its ability to connect engineers with a vast, distributed network of suppliers, supported by the strategic acquisition of Thomasnet. The company's primary growth opportunity involves deepening its presence in the enterprise market and expanding its SaaS software offerings. Risks include high customer acquisition costs, potential volatility in manufacturing demand, and the challenge of maintaining quality across a wide supplier base. XMTR may suit growth-focused investors who can tolerate price volatility while monitoring the company's progress toward achieving sustainable GAAP profitability.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitXometry is a high-growth business scaling an industrial marketplace, fitting profiles seeking rapid revenue expansion.
Momentum investorMixed fitThe stock's appeal to momentum investors is conditional on positive price trends and sustained growth in active buyer accounts.
Value investorWeak fitXometry's current focus on growth over near-term GAAP profitability makes it a poor fit for traditional value strategies.
Dividend investorWeak fitThe company does not pay a dividend and has no near-term plans to distribute cash to shareholders.
Low-risk investorWeak fitThe company's high price volatility and lack of consistent profitability are unsuitable for conservative, risk-averse investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighAs a growth-oriented technology stock, XMTR is prone to significant price swings based on market sentiment.
Valuation riskMedium / highHigh growth multiples mean the stock price is highly sensitive to changes in growth expectations.
Competition risk (Digital manufacturing competition)MediumThe sector is increasingly crowded with both startups and legacy firms vying for market share.
Business qualityMediumWhile the platform model has high scalability, the quality depends on the consistency of thousands of independent suppliers.
Dividend incomeLow / noneInvestors should not rely on this stock for any form of income generation.
Execution riskMediumSuccessfully integrating acquisitions like Thomasnet while growing the core marketplace remains a complex operational task.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 140.45%
Avg. Invested days 28
Today’s Advisory Strong Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
XMTR receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak unit economics, and limited analyst upside.

Company Fundamentals

★★★★★
XMTR has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, solid revenue growth (+25.9%) is partially offset by negative earnings growth (-22.5%), weak cash generation (FCF margin -3.5%), weak profitability (net margin -9.0%).

Financial Health Rating

★★★★★
XMTR's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 34.9%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is XMTR's strongest growth driver at +28.0% FY2025 versus FY2024 (solid, 4 stars). By comparison, revenue growth (+25.9%, solid) is also solid, while earnings growth (-22.5%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 100.2% and approximately 96.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 6.92% supports management-shareholder alignment.

Top 5 Institutional Investors

PRIMECAP Management Company 11.58%
BlackRock Inc 6.10%
FMR Inc 5.47%
Eventide Asset Management, LLC 3.75%
Ameriprise Financial Inc 3.56%

Unit Economics (Per $1K Revenue)

★★★★★
XMTR generates approximately $391 of gross profit, $-66 of operating income, and $-35 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -0.96% (Tax Credit)

Quantitative Style Profile

★★★★★
XMTR has a liquid profile. Valuation that is moderately attractive rather than deeply discounted is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.56B USD
Price to earnings Ratio -
1Y Target Price 112.09
Price to earnings Ratio -
1Y Target Price 112.09
Volume (30-day avg) 718.7K shares
Beta 1.32
52 Weeks Range 35.86 - 107.93
Updated Date 09/27/2026
52 Weeks Range 35.86 - 107.93
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.6

How Company Makes Money

Business areaWhat it includesRetail investor read
Marketplace ServicesTransaction fees from connecting buyers with custom part manufacturers on the Xometry platform.The company makes money by taking a cut of every manufacturing job booked through its website.
Software/SaaSSubscription and advertising revenue from the Thomasnet industrial sourcing platform.Xometry generates recurring revenue by helping industrial suppliers get found and manage their operations.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 94.34
Enterprise Value 5.84B
Price to Sales(TTM) 7.14
Enterprise Value 5.84B
Price to Sales(TTM) 7.14
Enterprise Value to Revenue 7.24
Enterprise Value to EBITDA -13.09
Shares Outstanding 53.77M
Shares Floating 52.12M
Shares Outstanding 53.77M
Shares Floating 52.12M
Percent Insiders 6.92
Percent Institutions 100.16

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Xometry Inc

Exchange NASDAQ
Headquarters North Bethesda, MD, United States
IPO Launch date 2021-06-30
President, CEO & Director Mr. Sanjeev Singh Sahni
Sector Industrials
Industry Industrial Distribution
Full time employees 1174
Full time employees 1174

Xometry, Inc. operates an artificial intelligence (AI) powered online manufacturing marketplace in the United States and internationally. The company's marketplace uses AI to assist buyers to source custom-manufactured parts and assemblies and attain instant pricing and lead times. It operates Xometry marketplace, an AI powered online marketplace that connects buyers with suppliers of manufacturing services; Xometry instant quoting engine, which prices transactions based on volume, manufacturing process, material, and location; and Thomasnet, an industrial sourcing platform that features an online directory of industrial suppliers, products, and services, as well as digital marketing services and insights to manufacturers and industrial services providers. The company also provides cloud-based systems, such as Workcenter, a financial service product that facilitates payments and a cloud-based manufacturing execution system; and Teamspace, a cloud-based solution within the Xometry platform that enables customers to collaborate with other users on projects and custom part orders. In addition, it offers computer numerical control ("CNC") machining, injection molding, 3D printing, sheet forming and cutting, die casting, urethane casting, tube cutting, and tube bending, as well as finishing, rapid prototyping, and production services. It serves the aerospace, industrial, medical devices, automotive, consumer goods, defense, government, energy, education, and robotics industries. The company was formerly known as NextLine Manufacturing Corp. and changed its name to Xometry, Inc. in June 2015. Xometry, Inc. was incorporated in 2013 and is headquartered in North Bethesda, Maryland.