Xometry has demonstrated 36% year-over-year revenue growth and a 3-for-3 earnings beat record, positioning it as the industrial distribution growth leader in its peer group, but below-average business quality at 2.4 and heavy concentration on Amazon Web Services as a supplier introduce meaningful execution and infrastructure risk.
Thesis pillars
- Aws Supplier Concentration Risk↑Improving
- Quality Floor Breach Cash Burn→Stable
- Revenue Growth Leadership Peer Group→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 24, 2026
Xometry, Inc. (XMTR) Stock Analysis
Range Bound setup
Industrials · Industrial Distribution
Sell if holding. Engine safety override at $99.75: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality.
Xometry runs an AI-native global marketplace connecting manufacturing buyers with suppliers across CNC machining, injection molding, 3D printing, and other processes, generating $686.6 million in 2025 revenue from 81,821 active buyers and 4,996 active suppliers. Revenue is... Read more
Sell if holding. Engine safety override at $99.75: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality. Chart setup: RSI 44 mid-range, Bollinger mid-band. Score 5.6/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 4d<=7d. Suitability: moderate.
About Xometry, Inc.
About Xometry, Inc.
Xometry's marketplace revenue reached $686.6 million in 2025, up from $545.5 million in 2024, with international marketplace revenue of $113 million representing 18% of total marketplace revenue after growing 27% year over year. Active Buyers grew 20% to 81,821 and Active Suppliers grew 17% to 4,996 during 2025. The company had 1,174 employees and held approximately $219.1 million in cash and marketable securities at December 31, 2025.
Xometry earns marketplace revenue through the spread between prices it quotes buyers via its AI instant quoting engine and costs paid to fulfillment suppliers, with take-rate influenced by category, customer size, and supplier matching efficiency. Processes supported include CNC machining, injection molding, sheet forming and cutting, die casting, 3D printing, and tube operations, serving end markets spanning aerospace, industrial, medical devices, automotive, consumer goods, defense, government, energy, and robotics. Services revenue — roughly 8% of total revenue in 2025 — comes primarily from Thomasnet advertising and marketing for North American industrial suppliers listing on a platform with over 500,000 suppliers, plus financial products such as Instant Pay. Enterprise accounts with last-twelve-month spend of at least $50,000 grew 18% to 1,760 in 2025, while accounts at $500,000 or more exceeded 140, up from over 100 in 2024. The 10-K identifies Amazon Web Services as the sole infrastructure provider for the platform. Competitors include local manufacturers, vertically integrated service bureaus, independent machine shops, and digital manufacturing companies.
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Xometry's platform operates entirely on Amazon Web Services, an arrangement the 10-K flags as creating risk that any disruption or material contract change could adversely affect the business. A second structural exposure is pre-commitment pricing: Xometry agrees to buyer prices before sourcing to a supplier, so if the AI quoting engine prices an order below what any supplier will accept, Xometry absorbs the loss — a risk that scales with marketplace volume and is particularly acute in lower-margin or difficult-to-match categories. These two factors — infrastructure concentration and pre-bid margin risk — represent the two most company-specific risks distinct from macroeconomic demand variability.
See also: Industrials · Industrial Distribution
From Xometry, Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-10-29Recent Developments — Xometry, Inc.
Latest news
- NEWS Xometry Recognized as a "Top Performer" in Fall 2026 Customer Success Report — fiscal.ai Oct 20, 2026 positive
- NEWS Xometry to Announce Third Quarter 2026 Financial Results on November 3, 2026 — fiscal.ai Oct 20, 2026 neutral
- NEWS Rosenblatt Maintains Buy on Xometry, Raises Price Target to $120 — benzinga Sep 22, 2026 positive
- NEWS Citizens Reiterates Market Outperform on Xometry, Maintains $120 Price Target — benzinga Sep 21, 2026 positive
- NEWS Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet — benzinga Sep 12, 2026 neutral
Generated 2026-10-29T11:20:26Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSupplierAmazon Web Services10-K Item 1A: 'We rely on Amazon Web Services to operate our platform ... any disruption of service from Amazon Web Services ... could adversely affect our business.'
Material Events(8-K, last 90d)
- 2026-05-21Item 5.02LOWBoard appointed Lukas Biewald as Class I director effective May 20, 2026, also naming him to the Nominating and Corporate Governance Committee. Initial RSU award $380,000; prorated annual RSU award $116,375. No officer departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Unprofitable operations — net margin -3.8%. Quality floor flags this regardless of sector context.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $99.75: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality. Chart setup: RSI 44 mid-range, Bollinger mid-band. Prior stop was $92.77. Score 5.6/10, moderate confidence.
Analyst target $97.52 reached (−2.2% from $99.75); no take-profit level is published. Prior stop was $92.77. Stop-loss: $92.77.
Concentration risk — Supplier: Amazon Web Services; Target reached (-2.2% upside); Quality below floor (3.1 < 4.0).
Xometry, Inc. trades at a P/E of N/A (forward 78.1). TrendMatrix value score: 5.2/10. Verdict: Sell.
18 analysts cover XMTR with a consensus score of 4.1/5. Average price target: $112.
What does Xometry, Inc. do?Xometry runs an AI-native global marketplace connecting manufacturing buyers with suppliers across CNC machining,...
Xometry runs an AI-native global marketplace connecting manufacturing buyers with suppliers across CNC machining, injection molding, 3D printing, and other processes, generating $686.6 million in 2025 revenue from 81,821 active buyers and 4,996 active suppliers. Revenue is primarily marketplace transaction-based, supplemented by Thomasnet advertising and financial services representing approximately 8% of total revenue.