EX-99.1

Financial Summary

(In thousands, except per share amounts)

(Unaudited)


	For the Three Months Ended September 30,							For the Nine Months Ended September 30,
	2025			2024			% Change	2025			2024			% Change

Consolidated
Revenue	$	180,715		$	141,698		28%	$	494,234		$	396,983		24%
Gross profit		72,029			55,825		29%		193,536			156,604		24%
Net loss attributable to common stockholders		(11,597	)		(10,199	)	14%		(53,109	)		(40,512	)	31%
EPS, basic and diluted, of Class A and Class B common stock		(0.23	)		(0.21	)	10%		(1.05	)		(0.83	)	27%
Adjusted EBITDA(1)		6,142			(632	)	1072%		10,146			(10,725	)	195%
Non-GAAP net income (loss)(1)		6,210			1,114		457%		11,718			(5,234	)	324%
Non-GAAP EPS, basic(1), of Class A and Class B common stock		0.12			0.02		500%		0.23			(0.11	)	309%
Non-GAAP EPS, diluted(1), of Class A and Class B common stock		0.11			0.02		450%		0.22			(0.11	)	300%

Marketplace
Revenue	$	166,592		$	126,965		31%	$	451,168		$	351,438		28%
Cost of revenue		107,086			84,347		27%		295,891			235,278		26%
Gross Profit	$	59,506		$	42,618		40%	$	155,277		$	116,160		34%
Gross Margin		35.7	%		33.6	%	2.1%		34.4	%		33.1	%	1.3%

Supplier services
Revenue	$	14,123		$	14,733		(4)%	$	43,066		$	45,545		(5)%
Cost of revenue		1,600			1,526		5%		4,807			5,101		(6)%
Gross Profit	$	12,523		$	13,207		(5)%	$	38,259		$	40,444		(5)%
Gross Margin		88.7	%		89.6	%	(0.9)%		88.8	%		88.8	%	0.0%

(1)

These non-GAAP financial measures, and the reasons why we believe these non-GAAP financial measures are useful, are described below and reconciled to their most directly comparable GAAP measures in the accompanying tables.

Key Operating Metrics(2):


	As of September 30,
	2025			2024			% Change

Active Buyers(3)		78,282			64,851			21	%
Percentage of Revenue from Existing Accounts(3)		98	%		97	%
Accounts with Last Twelve-Months Spend of at Least $50,000(3)		1,724			1,506			14	%

(2)

These key operating metrics are for Marketplace. See “Key Terms for our Key Metrics and Non-GAAP Financial Measures” below for definitions of these metrics.

(3)

Amounts shown for Active Buyers, Accounts with Last Twelve-Months Spend of at Least $50,000 and Percentage of Revenue from Existing Accounts is presented for the quarters ended September 30, 2025 and 2024.

Financial Guidance and Outlook:


	Q4 2025				FY 2025
	(in millions)				(in millions)
	Low		High		Low		High
Revenue	$	182	$	184	$	676	$	678
Adjusted EBITDA	$	6	$	7	$	16	$	17

•

For Q4 2025, expect revenue of $182-$184 million, representing 23-24% growth year-over-year.

•

For Q4 2025, expect Adjusted EBITDA of $6-$7 million, an improvement from an Adjusted EBITDA of $1.0 million in Q4 2024.

•

For the full year 2025, we are raising our revenue guidance to $676-$678 million.

•

For the full year 2025, we are raising our Adjusted EBITDA guidance to $16-$17 million.

Xometry’s fourth quarter 2025 and full year 2025 financial outlook is based on a number of assumptions that are subject to change and may be outside of its control. If actual results vary from these assumptions, Xometry’s expectations may change. There can be no assurance that Xometry will achieve these results.

Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss, the most directly comparable GAAP measure, 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, including interest and dividend income, benefit (provision) for income taxes, charitable contributions of common stock and impairment of assets. Xometry expects the variability of these items could have a significant, and potentially unpredictable, impact on its future GAAP financial results.

Use of Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), Xometry, Inc. (“Xometry”, the “Company”, “we” or “our”) uses Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP Earnings Per Share, basic and diluted, which are considered non-GAAP financial measures, as described below. These non-GAAP financial measures are presented to enhance the user’s overall understanding of Xometry’s financial performance and should not be considered a substitute for, nor superior to, the financial information prepared and presented in accordance with GAAP. The non-GAAP financial measures presented in this release, together with the GAAP financial results, are the primary measures used by the Company’s management and board of directors to understand and evaluate the Company’s financial performance and operating trends, including period-to-period comparisons, because they exclude certain expenses and gains that management believes are not indicative of the Company’s core operating results. Management also uses these measures to prepare and update the Company’s short and long term financial and operational plans, to evaluate investment decisions, and in its discussions with investors, commercial bankers, equity research analysts and other users of the Company’s financial statements. Accordingly, the Company believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating the Company’s operating results in the same manner as the Company’s management and in comparing operating results across periods and to those of Xometry’s peer companies. In addition, from time to time we may present adjusted information (for example, revenue growth) to exclude the impact of certain gains, losses or other changes that affect period-to-period comparability of our operating performance.

The use of non-GAAP financial measures has certain limitations because they do not reflect all items of income and expense, or cash flows, that affect the Company’s financial performance and operations. Additionally, non-GAAP financial measures do not have standardized meanings, and therefore other companies, including peer companies, may use the same or similarly named measures but exclude or include different items or use different computations. Management compensates for these limitations by reconciling these non-GAAP financial measures to their most comparable GAAP financial measures in the tables captioned “Reconciliations of Non-GAAP Financial Measures” included at the end of this release. Investors and others are encouraged to review the Company’s financial information in its entirety and not rely on a single financial measure.

Key Terms for our Key Metrics and Non-GAAP Financial Measures

Marketplace revenue: includes the sale of parts and assemblies on our platform.

Supplier services revenue: includes the sales of marketing and advertising services and, to a lesser extent, financial service products and SaaS-based solutions.

Active Buyers: The Company defines “buyers” as individuals who have placed an order to purchase on-demand parts or assemblies on our marketplace. The Company defines Active Buyers as the number of buyers who have made at least one purchase on our marketplace during the last twelve months.

Active Suppliers: The Company defines “suppliers” as individuals or businesses that have been approved by us to either manufacture a product on our platform for a buyer or have utilized our supplier services, including our digital marketing services, data services, financial services or tools and materials. The Company defines Active Suppliers as suppliers that have used our platform at least once during the last twelve months to manufacture a product.

Percentage of Revenue from Existing Accounts: The Company defines an “account” as an individual entity, such as a sole proprietor with a single buyer or corporate entities with multiple buyers, having purchased at least one part on our marketplace. The Company defines an existing account as an account where at least one buyer has made a purchase on our marketplace.

Accounts with Last Twelve-Month Spend of at Least $50,000: The Company defines Accounts with Last Twelve-Month Spend of at Least $50,000 as an account that has spent at least $50,000 on our marketplace in the most recent twelve-month period.

Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA): The Company defines Adjusted EBITDA as net loss, adjusted for interest expense, interest and dividend income and other expenses, and certain other non-cash or non-recurring items impacting net loss from time to time, principally comprised of depreciation and amortization, amortization of lease intangible, (benefit) provision for income taxes, stock-based compensation, payroll tax expense related to stock-based compensation, charitable contributions of common stock, income from unconsolidated joint venture, impairment of assets, restructuring charges and acquisition and other adjustments not reflective of the Company’s ongoing business, such as adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.

Non-GAAP net income (loss): The Company defines non-GAAP net income (loss) as net loss adjusted for depreciation and amortization, stock-based compensation, payroll tax expense related to stock-based compensation, amortization of lease intangible, amortization of deferred costs on convertible notes, gain on sale of property and equipment, charitable contributions of common stock, lease termination, impairment of assets, restructuring charges, loss on debt extinguishment and acquisition and other adjustments not reflective of the Company’s ongoing business, such as adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.

Non-GAAP Earnings Per Share, basic and diluted (Non-GAAP EPS, basic and diluted): The Company calculates non-GAAP earnings per share, basic and diluted as non-GAAP net income (loss) divided by the weighted average number of basic or dilutive shares of common stock outstanding.

Management believes that the exclusion of certain expenses and gains in calculating Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP EPS, basic and diluted, provides a useful measure for period-to-period comparisons of the Company’s underlying core revenue and operating costs that is focused more closely on the current costs necessary to operate the Company’s businesses and reflects its ongoing business in a manner that allows for meaningful analysis of trends. Management also believes that excluding certain non-cash charges can be useful because the amount of such expenses is the result of long-term investment decisions made in previous periods rather than day-to-day operating decisions.

About Xometry

Xometry’s (NASDAQ: XMTR) AI-powered marketplace, popular Thomasnet® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and streamlines the procurement process for buyers through real-time pricing and lead time data. Learn more at xometry.com and xometry.eu.

Conference Call and Webcast Information

The Company will host a conference call and webcast to discuss the results at 8:30 a.m. ET (5:30 a.m. PT) on November 4, 2025. In addition to its press release announcing its third quarter 2025 financial results, Xometry will release an earnings presentation, which will be available on its investor website at investors.xometry.com.

Xometry, Inc. Third Quarter 2025 Earnings Presentation and Conference Call

•

Tuesday, November 4, 2025

•

8:30 a.m. Eastern / 5:30 a.m. Pacific

•

To access the webcast use the following link: https://register-conf.media-server.com/register

•

You may also visit the Xometry Investor Relations Homepage at investors.xometry.com to listen to a live webcast of the call

Cautionary Information Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements in this press release include, but are not limited to, our beliefs regarding our financial position and operating performance, including our outlook and guidance for the fourth quarter of 2025 and the full year 2025; our expectations regarding our growth; and statements regarding our strategies, initiatives, products and platform capabilities. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks and uncertainties related to: competition, managing our growth, financial performance, our ability to forecast our performance due to our limited operating history, investments in new products or offerings, our ability to attract buyers and sellers to our marketplace, legal proceedings and regulatory matters and developments, any future changes to our business or our financial or operating model, our brand and reputation, and the impact of fluctuations in general macroeconomic conditions, such as fluctuations in inflation and rising interest rates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties that could cause actual results to differ from the results predicted, including those more fully described in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Form 10-Q, and other filings and reports that we may file from time to time with the SEC. All forward-looking statements in this press release are based on information available to Xometry and assumptions and beliefs as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law.



Investor Contact:	Media Contact:
Shawn Milne VP Investor Relations 240-335-8132 shawn.milne@xometry.com	Lauran Cacciatori VP Communications 773-610-0806 lauran.cacciatori@xometry.com

Xometry, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands, except share and per share data)

(Unaudited)


	September 30,			December 31,
	2025			2024
Assets
Current assets:
Cash and cash equivalents	$	20,845		$	22,232
Marketable securities		203,674			217,603
Accounts receivable, less allowance for credit losses of $6.5 million as of September 30, 2025 and $4.9 million as of December 31, 2024		98,887			73,962
Inventory		4,241			3,915
Prepaid expenses		5,904			4,954
Other current assets		7,554			4,874
Total current assets		341,105			327,540
Property and equipment, net		54,545			44,825
Operating lease right-of-use assets		5,333			8,462
Investment in unconsolidated joint venture		4,209			4,065
Intangible assets, net		29,456			32,139
Goodwill		263,770			262,686
Other assets		459			412
Total assets	$	698,877		$	680,129
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued cost of revenue	$	46,242		$	35,023
Other accrued expenses		33,306			24,401
Contract liabilities		11,322			7,948
Income taxes payable		730			979
Operating lease liabilities, current portion		2,547			6,436
Total current liabilities		94,147			74,787
Convertible notes		326,943			283,628
Operating lease liabilities, net of current portion		3,965			5,072
Deferred income taxes		185			229
Other liabilities		547			817
Total liabilities		425,787			364,533
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.000001 par value. Authorized; 50,000,000 shares; zero shares issued and outstanding as of September 30, 2025 and December 31, 2024		—			—
Class A Common stock, $0.000001 par value. Authorized; 750,000,000 shares; 49,557,368 shares and 48,289,274 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively		—			—
Class B Common stock, $0.000001 par value. Authorized; 5,000,000 shares; 1,475,311 shares issued and outstanding as of September 30, 2025 and December 31, 2024		—			—
Additional paid-in capital		698,972			685,054
Treasury stock, at cost, 220,994 and zero shares as of September 30, 2025 and December 31, 2024, respectively		(8,080	)		—
Accumulated other comprehensive income (loss)		4,454			(328	)
Accumulated deficit		(423,382	)		(370,273	)
Total stockholders’ equity		271,964			314,453
Noncontrolling interest		1,126			1,143
Total equity		273,090			315,596
Total liabilities and stockholders’ equity	$	698,877		$	680,129

Xometry, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive Loss

(In thousands, except share and per share amounts)

(Unaudited)


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024

Revenue	$	180,715		$	141,698		$	494,234		$	396,983
Cost of revenue		108,686			85,873			300,698			240,379
Gross profit		72,029			55,825			193,536			156,604
Operating expenses
Sales and marketing		32,649			27,204			88,866			81,891
Operations and support		18,403			14,698			53,225			42,918
Product development		12,524			9,344			34,703			28,952
General and administrative		19,463			16,060			53,433			47,470
Impairment of assets		49			-			49			-
Total operating expenses		83,088			67,306			230,276			201,231
Loss from operations		(11,059	)		(11,481	)		(36,740	)		(44,627	)
Other (expenses) income
Interest expense		(1,278	)		(1,187	)		(3,648	)		(3,564	)
Interest and dividend income		2,139			2,781			6,591			8,275
Other expenses		(1,636	)		(444	)		(19,882	)		(1,064	)
Income from unconsolidated joint venture		220			162			544			493
Total other (expenses) income		(555	)		1,312			(16,395	)		4,140
Loss before income taxes		(11,614	)		(10,169	)		(53,135	)		(40,487	)
Benefit (provision) for income taxes		17			(30	)		25			(20	)
Net loss		(11,597	)		(10,199	)		(53,110	)		(40,507	)
Net (loss) income attributable to noncontrolling interest		-			-			(1	)		5
Net loss attributable to common stockholders	$	(11,597	)	$	(10,199	)	$	(53,109	)	$	(40,512	)
Net loss per share, basic and diluted, of Class A and Class B common stock	$	(0.23	)	$	(0.21	)	$	(1.05	)	$	(0.83	)
Weighted-average number of shares outstanding used to compute net loss per share, basic and diluted, of Class A and Class B common stock		50,920,588			49,282,164			50,653,997			48,901,475

Net loss	$	(11,597	)	$	(10,199	)	$	(53,110	)	$	(40,507	)
Comprehensive income:
Foreign currency translation		180			795			4,766			430
Total other comprehensive income		180			795			4,766			430
Comprehensive loss		(11,417	)		(9,404	)		(48,344	)		(40,077	)
Comprehensive income (loss) attributable to noncontrolling interest		7			(23	)		(17	)		8
Total comprehensive loss attributable to common stockholders	$	(11,424	)	$	(9,381	)	$	(48,327	)	$	(40,085	)

Xometry, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)


	Nine Months Ended September 30,
	2025			2024
Cash flows from operating activities:
Net loss	$	(53,110	)	$	(40,507	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		13,741			9,622
Impairment of assets		49			—
Reduction in carrying amount of right-of-use asset		3,350			3,328
Lease termination		(14	)		—
Stock-based compensation		25,985			21,115
Revaluation of contingent consideration		—			137
Income from unconsolidated joint venture		(144	)		(93	)
Donation of common stock		2,080			1,063
Loss on debt extinguishment		16,430			—
Gain on sale of property and equipment		—			(23	)
Amortization of deferred costs on convertible notes		1,527			1,394
Deferred tax benefit		(44	)		(30	)
Changes in other assets and liabilities:
Accounts receivable, net		(23,370	)		(8,263	)
Inventory		(192	)		(598	)
Prepaid expenses		(904	)		786
Other assets		(1,233	)		4,354
Accounts payable and accrued cost of revenue		10,728			(18,293	)
Other accrued expenses		9,100			6,782
Contract liabilities		3,170			916
Lease liabilities		(5,202	)		(5,068	)
Other liabilities		(24	)		529
Income taxes payable		(249	)		(1,620	)
Net cash provided by (used in) operating activities		1,674			(24,469	)
Cash flows from investing activities:
Purchases of marketable securities		(6,571	)		(16,253	)
Proceeds from sale of marketable securities		20,500			15,000
Purchases of property and equipment		(19,911	)		(13,560	)
Proceeds from sale of property and equipment		—			79
Net cash used in investing activities		(5,982	)		(14,734	)
Cash flows from financing activities:
Proceeds from issuance of convertible notes		250,000			—
Costs incurred in connection with issuance of convertible notes		(8,650	)		—
Payments for repurchase of convertible notes		(215,992	)		—
Purchase of capped calls		(17,475	)		—
Purchase of treasury stock		(8,080	)		—
Proceeds from stock options exercised		2,703			3,215
Net cash provided by financing activities		2,506			3,215
Effect of foreign currency translation on cash and cash equivalents		415			(6	)
Net decrease in cash and cash equivalents		(1,387	)		(35,994	)
Cash and cash equivalents at beginning of the period		22,232			53,424
Cash and cash equivalents at end of the period	$	20,845		$	17,430
Supplemental cash flow information:
Cash paid for interest	$	2,600		$	2,875
Non-cash investing and financing activities:
Non-cash purchase of property and equipment		74			—
Non-cash consideration in connection with business combination		625			—

Xometry, Inc. and Subsidiaries

Reconciliations of Non-GAAP Financial Measures

(In thousands, except share and per share amounts)

(Unaudited)


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2025			2024			2025			2024
Adjusted EBITDA:
Net loss	$	(11,597	)	$	(10,199	)	$	(53,110	)	$	(40,507	)
Add (deduct):
Interest expense, interest and dividend income and other expenses(1)		775			(1,150	)		16,939			(3,647	)
Depreciation and amortization(2)		5,000			3,213			13,741			9,622
Amortization of lease intangible		180			180			540			540
(Benefit) provision for income taxes		(17	)		30			(25	)		20
Stock-based compensation(3)		10,748			6,954			25,985			21,115
Payroll tax expense related to stock-based compensation		366			96			2,100			876
Acquisition and other(4)		—			—			927			686
Charitable contribution of common stock		950			406			2,080			1,063
Income from unconsolidated joint venture		(220	)		(162	)		(544	)		(493	)
Impairment of assets		49			—			49			—
Restructuring charges(5)		(92	)		—			1,464			—
Adjusted EBITDA	$	6,142		$	(632	)	$	10,146		$	(10,725	)


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2025			2024			2025			2024
Non-GAAP Net Income (Loss):
Net loss	$	(11,597	)	$	(10,199	)	$	(53,110	)	$	(40,507	)
Add (deduct):
Depreciation and amortization(2)		5,000			3,213			13,741			9,622
Stock-based compensation (3)		10,748			6,954			25,985			21,115
Payroll tax expense related to stock-based compensation		366			96			2,100			876
Amortization of lease intangible		180			180			540			540
Amortization of deferred costs on convertible notes		590			464			1,527			1,394
Acquisition and other(4)		—			—			926			686
Gain on sale of property and equipment		—			—			—			(23	)
Charitable contribution of common stock		950			406			2,080			1,063
Lease termination		16			—			(14	)		—
Impairment of assets		49			—			49			—
Restructuring charges(5)		(92	)		—			1,464			—
Loss on debt extinguishment		—			—			16,430			—
Non-GAAP Net Income (Loss)	$	6,210		$	1,114		$	11,718		$	(5,234	)

Adjustments to numerator	$	540		$	—		$	457		$	—
Weighted-average number of shares outstanding used to compute Non-GAAP Net Income (Loss) per share, basic and diluted, of Class A and Class B common stock		50,920,588			49,282,164			50,653,997			48,901,475
Non-GAAP weighted-average effect of potentially dilutive Class A common stock		9,957,018			—			4,768,815			—
Non-GAAP weighted-average shares used to compute Non-GAAP Net Income (Loss) per share, diluted		60,877,606			49,282,164			55,422,812			48,901,475

EPS, basic and diluted, of Class A and Class B common stock	$	(0.23	)	$	(0.21	)	$	(1.05	)	$	(0.83	)
Non-GAAP EPS basic, of Class A and Class B common stock	$	0.12		$	0.02		$	0.23		$	(0.11	)
Non-GAAP EPS diluted, of Class A and Class B common stock	$	0.11		$	0.02		$	0.22		$	(0.11	)

(1)

Other expenses includes loss on debt extinguishment.

(2)

Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations.

(3)

Represents the non-cash expense related to stock-based awards granted to employees, as included in the Company’s GAAP results of operations.

(4)

Includes adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.

(5)

Costs associated with the 2025 reduction in workforce.

Xometry, Inc. and Subsidiaries

Reconciliation of GAAP EPS to Non-GAAP EPS

(Unaudited)


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2025			2024			2025			2024
Non-GAAP EPS:
GAAP EPS, diluted, of Class A and Class B common stock	$	(0.23	)	$	(0.21	)	$	(1.05	)	$	(0.83	)
Non-GAAP effect of potentially dilutive Class A common stock		0.04			—			0.14			—
Add (deduct):
Depreciation and amortization		0.08			0.07			0.25			0.20
Stock-based compensation		0.18			0.14			0.47			0.43
Payroll tax expense related to stock-based compensation		0.01			—			0.03			0.02
Amortization of lease intangible		—			—			0.01			0.01
Amortization of deferred costs on convertible notes		0.01			0.01			0.03			0.03
Acquisition and other		—			—			0.02			0.01
Gain on sale of property and equipment		—			—			—			—
Charitable contribution of common stock		0.02			0.01			0.03			0.02
Lease termination		—			—			—			—
Impairment of assets		—			—			—			—
Restructuring charges		—			—			0.02			—
Loss on debt extinguishment		—			—			0.27			—
Non-GAAP EPS, diluted, of Class A and Class B common stock	$	0.11		$	0.02		$	0.22		$	(0.11	)

Xometry, Inc. and Subsidiaries

Segment Results

(In thousands)

(Unaudited)


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2025			2024			2025			2024
Segment Revenue:
U.S.	$	151,093		$	117,584		$	414,646		$	333,113
International		29,622			24,114			79,588			63,870
Total revenue	$	180,715		$	141,698		$	494,234		$	396,983

Segment Cost of Revenue:
U.S.	$	90,933		$	70,862		$	251,841		$	200,829
International		17,753			15,011			48,857			39,550
Total cost of revenue	$	108,686		$	85,873		$	300,698		$	240,379

Segment Adjusted EBITDA:
U.S.	$	10,349		$	1,389		$	20,234		$	(3,848	)
International		(4,207	)		(2,021	)		(10,088	)		(6,877	)
Total Adjusted EBITDA	$	6,142		$	(632	)	$	10,146		$	(10,725	)

Xometry, Inc. and Subsidiaries

Supplemental Information

(In thousands)

(Unaudited)


	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2025			2024		2025		2024
Summary of Stock-based Compensation Expense and Payroll Taxes Related to Stock-based Compensation Expense
Sales and marketing	$	3,170		$	1,913	$	7,809	$	6,000
Operations and support		3,712			2,259		9,450		6,843
Product development		2,583			1,543		6,410		5,047
General and administrative		1,649			1,335		4,416		4,101
Total stock-based compensation expense and payroll taxes related to stock-based compensation	$	11,114		$	7,050	$	28,085	$	21,991

Summary of Depreciation and Amortization Expense
Cost of revenue	$	184		$	183	$	550	$	549
Sales and marketing		799			794		2,385		2,387
Operations and support		46			32		129		105
Product development		3,723			1,982		9,860		5,912
General and administrative		248			222		817		669
Total depreciation and amortization expense	$	5,000		$	3,213	$	13,741	$	9,622

Summary of Restructuring Charges
Sales and marketing	$	(27	)		—	$	62		—
Operations and support		(108	)		—		718		—
Product development		11			—		510		—
General and administrative		32			—		174		—
Total restructuring charges	$	(92	)		—	$	1,464		—