Xometry Reports Record Q1 2026 Revenue as Marketplace Grows 40%

Xometry reported record first-quarter 2026 results in an investor release dated May 7, 2026. According to that release, total revenue for Q1 was $205.1 million, up 36% year-over-year, with marketplace revenue of $191.3 million, a 40% increase year-over-year. The company reported gross profit of $78.5 million, a 39% increase, and Adjusted EBITDA of $10.5 million, a year-over-year improvement of $10.4 million, per the investor release and the companys SEC filing (EX-99.1). The companys GAAP net loss attributable to common stockholders narrowed to $5.3 million, and non-GAAP net income was $6.9 million, as reported in the same filings and earnings summaries published by TradingView and DigitalCommerce360.

Per the companys reported metrics, marketplace gross profit rose 53% year-over-year to $66.4 million, and marketplace gross margin expanded to 34.7% from 31.8% a year earlier. Active buyers increased 20% to 85,581 as of March 31, 2026, and accounts with last-twelve-month spend of at least $50,000 grew 21% to 1,864, according to the investor release and filings. The company said services revenue was $13.8 million, down 5% from the prior-year quarter, per the same disclosures.

Xometry announced a strategic partnership with Siemens to embed Xometry manufacturability, pricing, sourcing, and execution intelligence into Siemens Xcelerator, according to the investor release and reporting by DigitalCommerce360. The investor materials state that Siemens is purchasing approximately $50 million of Class A common stock in Xometry, a detail repeated in the companys SEC exhibit and multiple earnings summaries.

Industry-pattern observations: Marketplace businesses in manufacturing often expand gross margins as higher wallet share and enterprise uptake reduce per-order fixed costs and increase conversion on higher-margin services. Embedding quoting and manufacturability intelligence inside engineering and PLM tools, as described in reporting on the Siemens integration, typically shifts discovery earlier in the buyer workflow and can increase funnel conversion rates for instant-quote marketplaces.

Industry observers will note two technical levers mentioned in coverage that support these results: improved lead-time prediction models and dynamic pricing logic. TradingView summarized the companys disclosure of a new enterprise machining lead-time deep-learning model and enhanced dynamic pricing in the Instant Quoting Engine, which are the types of ML-driven features that can enable faster SLA tiers and better margin capture when implemented at scale.

For custom manufacturing marketplaces, cross-platform distribution (embedding into widely used CAD and PLM environments) plus ML-enabled quoting is a common growth vector. Reporting from DigitalCommerce360 highlights that Siemens Xcelerator reaches engineers earlier in design workflows, which can expand potential addressable demand beyond the marketplaces existing active-buyer base. The reported $50 million Siemens equity purchase, as disclosed in Xometrys investor release, also signals a strategic commercial alignment that industry coverage frames as validation of embedding marketplace intelligence into industrial software.

Editorial analysis: Observers should track the following indicators over the next quarters:

• •whether marketplace gross margin expansion sustains above current levels as reported
• •trends in enterprise buyer counts and average spend buckets (for example, growth in accounts spending >= $50,000 annually)
• •measurable adoption of the Siemens integration inside engineering workflows, which Xometry and Siemens may disclose in future joint announcements or in subsequent earnings commentary

Additionally, practitioners will watch how the company operationalizes ML features like lead-time prediction and dynamic pricing at scale and whether those features materially shift fulfillment times or supplier mix, as described in TradingView and company materials.

Reported financials and the Siemens share purchase figure are drawn from Xometrys May 7, 2026 investor release and SEC exhibit (EX-99.1), with supplementary reporting and quoted commentary from DigitalCommerce360, TradingView, and other earnings summaries.