Xometry (XMTR) financial statements
Xometry reported revenue of $687M in fiscal 2025, up 43.0% a year over 6 years.
Net income was -$62M and the operating margin -6.6%, against -38.1% in 2019.
Free cash flow was -$24M, and the company returned $8M in net buybacks.
The diluted share count rose 674% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Xometry's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $80M | $141M | $218M | $381M | $463M | $546M | $687M |
| Cost of revenue | $65M | $108M | $161M | $235M | $285M | $330M | $418M |
| Gross profit | $15M | $33M | $57M | $146M | $178M | $216M | $269M |
| Research and development | $11M | $12M | $18M | $31M | $34M | $39M | $47M |
| Selling, general and admin | $23M | $35M | $74M | $143M | $165M | $173M | $195M |
| Operating income | -$31M | -$29M | -$59M | -$77M | -$74M | -$56M | -$46M |
| Interest expense | $241,000 | $1M | $852,000 | $4M | $5M | $5M | $5M |
| Pre-tax income | — | -$31M | -$61M | -$79M | -$68M | -$50M | -$61M |
| Income tax | — | — | — | $36,000 | -$353,000 | -$21,000 | $589,000 |
| Net income | -$31M | -$40M | -$61M | -$79M | -$67M | -$50M | -$62M |
| EPS (diluted) | -$4.88 | -$5.32 | -$2.33 | -$1.68 | -$1.41 | -$1.03 | — |
| Diluted shares | 6M | 7M | 26M | 47M | 48M | 49M | — |
| Gross margin | 18.4% | 23.5% | 26.2% | 38.3% | 38.5% | 39.5% | 39.1% |
| Operating margin | -38.1% | -20.7% | -26.9% | -20.2% | -15.9% | -10.3% | -6.6% |
| Net margin | -38.6% | -28.2% | -28.1% | -20.8% | -14.6% | -9.2% | -9.0% |
Balance sheet
Fiscal years, from Xometry's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $60M | $117M | $319M | $269M | $240M | $219M |
| Receivables | — | $15M | $32M | $49M | $70M | $74M | $97M |
| Inventory | — | $2M | $2M | $2M | $3M | $4M | $4M |
| Total current assets | — | $78M | $163M | $387M | $356M | $328M | $335M |
| Property, plant and equipment | — | $6M | $10M | $19M | $36M | $45M | $61M |
| Goodwill | $2M | $833,000 | $255M | $258M | $263M | $263M | $264M |
| Total assets | — | $89M | $503M | $734M | $707M | $680M | $704M |
| Total current liabilities | — | $38M | $57M | $64M | $83M | $75M | $89M |
| Total liabilities | — | $39M | $77M | $362M | $377M | $365M | $427M |
| Shareholders' equity | -$73M | -$111M | $424M | $371M | $329M | $314M | $276M |
| Net debt | — | -$60M | -$86M | -$66M | -$53M | -$22M | -$15M |
Cash flow
Fiscal years, from Xometry's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$27M | -$22M | -$69M | -$63M | -$30M | -$15M | $6M |
| Capital spending | $3M | $4M | $6M | $14M | $18M | $18M | $30M |
| Free cash flow | -$30M | -$26M | -$75M | -$76M | -$48M | -$33M | -$24M |
| Stock-based compensation | $544,000 | $1M | $7M | $19M | $22M | $29M | $36M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$8M |
| Free cash flow margin | -37.2% | -18.6% | -34.3% | -20.0% | -10.4% | -6.1% | -3.5% |
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Open XMTR in InvestinglyQuestions
What was Xometry's revenue in 2025?
$687M in fiscal 2025, from its 10-K filing.
How much free cash flow does Xometry generate?
-$24M in fiscal 2025 (operating cash flow minus capital spending).
From Xometry's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.