10-K annual report · filed Feb 24, 2026

Xometry, Inc. (XMTR) FY2025 10-K Annual Report

Short answer

Xometry, Inc. (XMTR) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $687M (+25.9% year over year) and net income of −$62M.

  • Top risk flagged: Cybersecurity risk of IT system/data compromise leading to regulatory actions or fines, managed by CTO with cybersecurity expertise

FY2025 key financial metrics · XBRL

Revenue
$687M
+25.9% YoY
Net income
−$62M
−22.5% YoY
Operating margin
-6.6%
+3.7 pp YoY
Gross margin
39.1%
−0.4 pp YoY
ROE
-22.4%
−6.4 pp YoY
Operating cash flow
$6M
+139.6% YoY

Source: XBRL data from the Xometry, Inc. (XMTR) FY2025 10-K on SEC EDGAR. USD.

Xometry, Inc. FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Management Discussion & Analysis

  • Active Buyers 81,821 up 20% YoY from 68,267 in 2024, Active Suppliers 4,996 up 17% YoY in 2025
  • Marketplace revenue main source, AI-driven pricing improves margins, no specific margin % disclosed
  • Best performing segment: Thomasnet digital marketing services expansion with new platform tools launched in 2025
  • Capex and cash flow details not specified; investments focus on AI technology, platform scalability, and international expansion
  • Risks include macroeconomic uncertainty, geopolitical tensions, inflation, impacting buyer spending and global operations expansion

Risk Factors

  • Cybersecurity risk of IT system/data compromise leading to regulatory actions or fines, managed by CTO with cybersecurity expertise
  • Geopolitical risk from leased facilities in Shenzhen and Shanghai, China, totaling 6,068 sq ft of exposure
  • Operational risk from reliance on key cybersecurity leaders including CTO Vaidyanathan Raghavan and VP Brendan Hamilton
  • Competitive risk from potential market disruption, noting stock trading commenced only in mid-2021, indicating rapid market changes since IPO
  • Financial risk from all leased properties with leases expiring between 2026 and 2032, exposing company to lease renewal uncertainties

Generated from the filing text; verify against the original. How to read a 10-K

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