Xometry reported Q3 revenue growth as its AI-powered manufacturing marketplace drew more enterprise customers and expanded its global supplier network.

Revenue for the quarter rose 28% from a year earlier to $180.7 million, driven by a 31% increase in marketplace sales to $166.6 million. Supplier services revenue slipped 4% to $14.1 million. Gross profit climbed 29% to $72.0 million, supported by a marketplace margin of 35.7%, up from 33.6% a year ago.

The company reported a net loss of $11.6 million, compared with a $10.2 million loss last year, but improved its adjusted earnings to $6.1 million, an upswing of $6.8 million year over year. Non-GAAP net income rose 457% to $6.2 million from $1.1 million a year earlier.

CEO Randy Altschuler said Xometry continues to see rising adoption from large customers.

“Enterprise customers are rapidly embracing our supply chain solutions,” he said. CFO James Miln added that higher marketplace margins and stronger expense leverage are supporting profitability as the platform grows.

Xometry revenue through Q3

Customer activity and retention improved across the board. Active buyers increased 21% to 78,282, while accounts spending at least $50,000 annually rose 14% to 1,724. Existing customers accounted for 98% of total revenue, up from 97% a year ago. The company ended the quarter with $225 million in cash, cash equivalents, and marketable securities.

Through the first nine months of 2025, Xometry’s revenue rose 24% to $494.2 million, and gross profit grew 24% to $193.5 million. Adjusted earnings turned positive at $10.1 million, compared with a $10.7 million loss in the same period last year.

The company continued to enhance its technological platform during the quarter. Xometry launched a Workcenter mobile app to help suppliers manage production and cash flow, rolled out auto-quoting for injection molding in the U.S. and introduced a dynamic ad-serving platform at Thomas to improve ROI tracking for advertisers. Xometry also upgraded its AI-based design-for-manufacturing tools and expanded its European marketplace with new materials, faster delivery options and a parts library that simplifies reorders and design reuse.

Looking ahead, Xometry expects Q4 revenue between $182 million and $184 million, representing 23%–24% growth year over year, and adjusted earnings of $6 million to $7 million, up from $1 million last year. For the full year, the company raised its outlook to $676 million–$678 million in revenue and $16 million–$17 million in adjusted earnings, citing continued enterprise adoption and marketplace expansion.

Percentages may not align due to rounding. Check back for more earnings reports. Here’s last quarter’s update on Xometry sales and revenue.