NASDAQ$XMTR

Xometry Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Xometry's Q4 2024 financial results were reported, showcasing record revenue and gross profit, driven by marketplace growth and AI technology.

Xometry reported a 16% increase in Q4 revenue year-over-year, reaching a record $149 million. Marketplace revenue grew by 20% year-over-year, and gross profit increased by 20% to $59.0 million. The company also achieved positive Adjusted EBITDA of $1.0 million.

  • Q4 revenue increased 16% year-over-year to a record $149 million, driven by marketplace growth of 20%.
  • Q4 gross profit increased 20% year-over-year to a record $59.0 million.
  • Marketplace gross margin increased 320 basis points year-over-year to a record 34.5%.
  • Adjusted EBITDA improved $3.9 million year-over-year to a profit of $1.0 million.

Headline financials

Total Revenue

$149M

Previous: $128M+15.9%
EPS (adj)

$0.06

Previous: -$0.01+700.0%
Active Buyers

68.3K

No prior period
Revenue from Existing Accounts

97.0%

Previous: 96.0%+1.0%
Accounts > $50K Spend

1.5K

Previous: 1.3K+12.3%
Capital Expenditures

-$4.54M

Previous: -$6.42M+29.4%
Net Income

-$9.9M

Previous: -$10.6M+6.6%
Operating Income

-$11.5M

Previous: -$12.5M+8.1%
Gross Profit

$59M

Previous: $49.1M+20.2%
R&D Expense

$8.2M

Previous: $6.92M+18.6%

Revenue & EPS history

Xometry · Revenue · Quarterly

$149M

Q4 2024+15.9%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Xometry · $105M total across 2 segments · Q1 2023

  • Marketplace
    $86.7M+34.6%
  • Supplier Services
    $18.6M-3.6%

Forward guidance

Xometry expects revenue between $147 and $149 million for Q1 2025, representing 20-21% growth year-over-year. They also anticipate being Adjusted EBITDA positive for the full year 2025.

Tailwinds

  • Expect revenue of $147-$149 million for Q1 2025, representing 20-21% growth year-over-year.
  • Includes an unfavorable foreign exchange impact of approximately $1.0 million.
  • Expect Adjusted EBITDA loss of approximately $1.5 million for Q1 2025, an improvement of approximately $6.0 million from Q1 2024.
  • Expect total revenue growth to exceed revenue growth in 2024.
  • Expect marketplace revenue growth of at least 20% year-over-year.

Headwinds

  • Expect supplier services revenue to be down approximately 5-10% year-over-year.
  • First quarter and full year 2025 financial outlook is based on a number of assumptions that are subject to change.
  • Actual results may vary from these assumptions.
  • There can be no assurance that Xometry will achieve these results.
  • Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss is not available without unreasonable efforts due to the high variability and complexity and low visibility with respect to certain charges excluded from this non-GAAP measure.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+3.9%

Avg return

Earnings day

+6.5%

Avg return

5 days after

+9.4%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+40.8%

Q2 2024

Best reaction

-40.2%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+39.0%+48.8%+42.7%
Q4 2025-24.6%-28.2%-28.3%
Q3 2025+28.9%+33.4%+20.2%
Q1 2025+11.2%+10.9%+28.4%
Q4 2024-9.2%-12.7%-15.0%
Q3 2024+38.8%+38.7%+42.9%
Q2 2024+40.8%+60.2%+54.7%
Q1 2024+5.4%+6.5%-3.7%
Q4 2023-40.2%-45.4%-43.9%
Q3 2023-4.8%+11.7%+46.9%
Q2 2023+4.8%+6.6%+22.2%
Q1 2023+32.5%+30.8%+61.8%
Q4 2022-39.6%-39.4%-50.8%
Q3 2022-20.6%-11.0%-20.8%
Q2 2022+20.9%+19.3%+39.2%
Q1 2022+3.7%+3.6%+13.8%
Q4 2021+4.4%-10.0%-0.2%
Q3 2021+3.0%+19.3%+4.0%
Q4 2020-6.5%-8.0%-14.2%
Q2 2021-9.6%-4.7%-11.2%
Q1 2021
Q3 2020
Q2 2020
Q1 2020

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