XMTR
Xometry, Inc.

Xometry, Inc.XMTR

Industrials · Industrial Distribution
97.14USD
+7.87%
Oct 28, 2026
XMTR overview ready
AI-native marketplace enabling instant quoting and digital sourcing for custom manufacturing
AI-native custom-manufacturing marketplace and digital sourcing platform.
Narrative is still early
Exposed to the Industrial Supply-Chain Digitization narrative through On-Demand Digital Manufacturing Networks — pure play.
Constructive pullback in an uptrend
Longer-term context reads extended trend, with a near-term setup of constructive pullback.
Demanding valuation
The price embeds expectations that run ahead of the cash it currently generates.
Unremarkable fundamentals
Primary risk
Dependence on supplier network quality and capacity.
Market Oct 27Filing Jun 30Price action Aug 9Research Sep 8

Conviction Level

CompanyFit8.0PriceAction3.1Valuation2.3CompanyPosition7.3BusinessQuality3.3

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
Industrial Distribution is tracked (too few stocks) — no leadership reading
Price
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Price Action

Constructive pullback in an uptrend
Longer-term context reads extended trend, with a near-term setup of constructive pullback.
EntryHealthy but extended

The long-term trend remains healthy, but price is substantially extended from major structural anchors and has not produced a meaningful reset. The current trend is strong, while the fresh-entry location is less attractive.

Key Financials

Market Cap
$4.5B
Avg Volume (60D)
753.9K
60 sessions
Revenue Growth YoY
+25.9%
FY2025 vs FY2024
Gross Margin
+38.7%
Trailing twelve months
Operating Margin
-3.8%
Trailing twelve months
Free Cash Flow Yield
-0.3%
P/E
N/M
EV / Sales
5.2x
Market metrics as of Oct 27, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
Xometry, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates.

Company Research

Thesis
AI-native custom-manufacturing marketplace and digital sourcing platform. XMTR is a direct, comparatively pure-play participant in the digitization of custom-part procurement and distributed manufacturing capacity.
Opportunity
Moderate opportunity
Digital platforms that automate quoting, supplier matching, manufacturability assessment, and fulfillment for custom parts, shifting fragmented manufacturing procurement from offline workflows to networked production capacity.
Key risk
Dependence on supplier network quality and capacity.

Economic classification

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Business & Markets

Industrials · Industrial Distribution
What they do

Xometry operates an AI-powered online manufacturing marketplace that connects buyers with suppliers of custom-manufactured parts and assemblies, providing instant pricing and lead times.

How it earns

The company generates revenue primarily through transactional fees on manufacturing orders placed via its platform.

Products & services
Xometry marketplace
Xometry instant quoting engine
Thomasnet industrial sourcing platform
Customers & end markets
Manufacturing buyers
Industrial companies requiring custom parts
Market position

Xometry is a leading online marketplace in the custom manufacturing distribution industry.

Demand drivers
Medium cyclicality

Demand for custom manufacturing is influenced by industrial production cycles and capital expenditure trends.