Company Analysis

Xometry, Inc. (XMTR)

Nasdaq: XMTR · Services-Business Services, NEC · North Bethesda, MD · filing with the SEC since 2015
Grade4.7
◀ Past 5.4● Present 3.9▶ Future 5.1
1 est.

The grade of Xometry, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.7/10
◀ Past5.425% of the headline
● Present3.935% of the headline
▶ Future5.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.4/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-03-07.

weight 22% of this tense · 34th percentile among 105 sector filers · read for itself

From the record

Xometry, Inc.'s filings since 2017 show 2 warning events of 2 kinds: an auditor change (8-K item 4.01, the latest 2025-03-07); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2023-03-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.5/10

What has it actually done, year after year?

+43% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 66th percentile among 99 sector filers · read for its customers

From the record

Xometry, Inc.'s 7 filed years say what it did: revenue went from $80 million in fiscal 2019 to $687 million in fiscal 2025, up 43% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span43.0%top 11% of its family
  • the share of years revenue rosetop 18% of its family
  • the share of filed years with a profitbottom 9% of its family
  • the deepest fall from a revenue peak0.0%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.1/10

How has it treated the people who own it?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 80 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 80 members with one.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
family median, 80 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Xometry, Inc.'s shareholder treatment is put at 5.1 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 80 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.9/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
4.8/10

Is it financially healthy right now?

ROE -22%: lost 22¢ per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 33% of this tense · 47th percentile among 98 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Xometry, Inc. lost about 22 cents for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 46% of its family
  • return on equitybottom 24% of its family
  • gross profit against assetstop 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.8/10

How strong is its position in its industry?

bottom 48% of 101 in its family; net margin -9%.

weight 45% of this tense · 48th percentile among 101 sector filers · read for its customers

From the record

Xometry, Inc.'s standing among 101 graded names in its industry family: revenue of $687 million in fiscal 2025 ranks in the bottom 40% by size; a net margin of -9% ranks in the bottom 26%; revenue growth of 21.7% a year over the last 3 filed years ranks in the top 22% (its annual reports).

What it rests on

  • revenue against the family$687Mbottom 40% of its family
  • net margin-9.0%bottom 26% of its family
  • three-year revenue growth21.7%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
0.7/10

What are the people in charge doing?

bottom 7% of 65 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 7th percentile among 65 sector filers · read for its shareholders

From the record

Xometry, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Sahni, Sanjeev Singh (Chief Executive Officer, as filed), filing under that title since 2026-07-06, 4 months (bottom 4% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 2.7 years (bottom 14%); 14 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 2%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge14 in three years among 11 peoplebottom 2% of its family
  • the median years the people in charge have filed2.7 yearsbottom 14% of its family
  • the chief executive's years on the record5 monthsbottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.8/10

How much room does it have to grow?

bottom 38% of 99 in its family for room to expand.

weight 33% of this tense · 38th percentile among 99 sector filers · read for itself

From the record

Xometry, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $15 million against no long-term debt tagged leaves 2.1% of its assets as net cash, bottom 49% of its family; cash from operations less capital spending is -3.5% of revenue (bottom 24%); a gross margin of 39.1% (bottom 43%); research spending of 6.8% of revenue (bottom 38%) (its annual report).

What it rests on

  • cash less debt against assets2.1%bottom 49% of its family
  • cash from operations less capital spending against revenue-3.5%bottom 24% of its family
  • gross margin39.1%bottom 43% of its family
  • research spending against revenue6.8%bottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.1/10

What could actually drive growth from here?

top 39% of 99 in its family for growth drivers.

weight 45% of this tense · 61st percentile among 99 sector filers · read for its customers

From the record

Xometry, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 21.7% a year over the last three filed years against 43% over all 7, slowing (bottom 13% of its family); the newest year grew 25.9% (top 22%); research spending grew 14.7% a year (top 23%); capital spending grew 30.3% a year (top 22%) (its annual reports). Xometry, Inc. reported 2 product lines in fiscal 2025: Marketplace Revenue at $630 million (92%), Service at $57 million (8%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-21.3 points a yearbottom 13% of its family
  • the newest year's revenue growth25.9%top 22% of its family
  • three-year growth of research spending14.7%top 23% of its family
  • three-year growth of capital spending30.3%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.7/10

Did its newest year beat what its own record pointed to?

bottom 47% of 93 in its family for expectations against reality.

weight 22% of this tense · 47th percentile among 93 sector filers · read for its shareholders

From the record

Xometry, Inc.'s newest year against its own record: revenue of $687 million in fiscal 2025 came in 5.2% above the $653 million its prior three years' pace pointed to (top 32% of its family); net income of $62 million against a prior three-year average of $66 million (bottom 23%); a net margin of -9% against -14.8% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace5.2%top 32% of its family
  • net income against the prior three years' average+6%bottom 23% of its family
  • net margin against its prior average+5.9 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton XMTR · research, not advice