Xometry Inc. reported record Q2 revenue driven by strong growth in its artificial intelligence (AI) marketplace.
In its fiscal Q2 2026 ended June 30, Xometry revenue grew 41% year over year to $229 million, the company said. Marketplace revenue, which accounts for the majority of Xometry’s sales, grew even faster, rising 45% to $215.4 million.
Gross profit grew 32% over the same period to $87.2 million, while net loss declined to $5.3 million, compared to a net loss of $26.4 million in Q2 2025.
Xometry connects businesses looking for custom manufactured parts with a global network of manufacturing suppliers. Its marketplace handles processes including quoting, sourcing, production and fulfillment for CNC machining, 3D printing, injection molding and other manufacturing services.
“We continue to strengthen Xometry’s position as the infrastructure for custom manufacturing,” CEO Sanjeev Singh Sahni said in a written statement. “This foundation is enabling us to rapidly penetrate the vast, fragmented offline market and accelerate our market share gains.”
Xometry adds buyers and expands enterprise business
Xometry’s marketplace active buyer count increased 20% year over year to 89,557 in Q2. The company added nearly 4,000 net active buyers during the quarter thanks in part to improved marketing technology and personalization, the company said.
“There are still millions of potential buyers to convert,” Sahni said. “We expect continual improvements in marketing technology, and AI models will enable us to steadily increase our conversion rates and net adds.”
The number of marketplace accounts spending at least $50,000 over the previous 12 months also continued to grow. Those accounts increased 23% to 2,039, up from 1,653 a year earlier, adding a record 175 accounts in Q2.
Xometry continues to invest in AI
AI remained a major focus of Xometry’s business in Q2.
The company said it upgraded its proprietary AI models across three areas of its marketplace:
- Costing
- Sourcing
- Manufacturing-process recommendations
A new cost-prediction model analyzes a part’s geometry, material, finish and whether it is being manufactured individually or as part of a larger job. Xometry said the model improved CNC cost-prediction accuracy by approximately 15%.
Xometry also introduced an adaptive sourcing model that dynamically prices jobs for suppliers using the company’s proprietary supplier data to evaluate each potential job against a supplier’s machine capabilities, quality history and on-time shipping performance.
A third AI system provides context-aware manufacturing process recommendations to customers. Beyond just looking at a part’s geometry, the model also considers its intended application, material and other characteristics to recommend an appropriate manufacturing process.
Xometry said buyers accept those recommendations more than 85% of the time, with the largest gains coming from first-time customers.
Sahni said the AI improvements are intended to make Xometry’s marketplace more like a consumer ecommerce experience.
“The days of clunky B2B software, multistep checkout processes and waiting days for an email quote are simply over. … The engineers, procurement buyers and supply chain lead roles are now full of dynamic digitally native individuals,” Sahni said on Xometry’s Q2 earnings call. “They expect the same frictionless experience at work that they have in their personal lives.”
Percentages may not align due to rounding. Check back for more earnings reports. Here’s last quarter’s update on Xometry sales and revenue.
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