Supply chain and availabilitynegative · 5 filings
“Marketplace gross margin is our economic value driven by the spread between the price to the buyer and the cost to the supplier.”10-Q · Aug 4, 2026 ↗
Xometry, Inc.
XMTR
Market read
Xometry, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Company+1.7% todayVolume comparison unavailable
Market group0 of 1 activeOnline Manufacturing Marketplace · unavailable
Disclosed network0 of 7 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- XMTR's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if XMTR's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- XMTR's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods7
Price observations328
Usable filing statements151
Verified relationships0
Evidence supporting the case
- Latest annual revenue changed +25.9% year over year.
- Operating margin changed +3.7 percentage points in the latest annual period.
- Restructuring and cost reductions has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Supply chain and availability has repeated adverse evidence across 5 filings.
- Input and raw-material costs has repeated adverse evidence across 4 filings.
- Foreign exchange has repeated adverse evidence across 3 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
86.266m+138.9%12m+78.6%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$218.3M+54.4%$-2.33—
2022-12-31$380.9M+74.5%$-1.68—
2023-12-31$463.4M+21.7%$-1.41+1.6%
2024-12-31$545.5M+17.7%$-1.03+2.4%
2025-12-31$686.6M+25.9%——
What management says matters
Persistent and emerging business drivers
Input and raw-material costsnegative · 4 filings
“The decrease was primarily driven by primarily driven by faster growth and associated mix shift to marketplace revenue which has lower gross margin than services.”10-Q · Aug 4, 2026 ↗
Foreign exchangenegative · 3 filings
“The increase was primarily attributable to a $16.4 million loss on debt extinguishment recognized in connection with the partial repurchase of 2027 Notes, and to a lesser extent to the increases in foreign exchange losses and non-income based taxes.”10-Q · Nov 4, 2025 ↗
Restructuring and cost reductionspositive · 3 filings
“The increase was primarily driven by an increase in reserves for bad debt, the costs of charitable contributions of Class A common stock, compensation costs including stock-based compensation, consulting costs and severance costs.”10-K · Feb 24, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
No usable price/earnings or price/sales multiple (need a fresh price).
Price action
How the market is pricing the story
86.26+1.7% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for XMTR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for XMTR. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind XMTR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
XMTR is currently a Leader in the organic co-movement group Online Manufacturing Marketplace. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
This group is retained as the last observed read for XMTR; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.