XMTR Nasdaq Services-Business Services, Nec Financials FY2019βFY2025
Xometry, Inc. had $687M of revenue in fiscal 2025, up 25.9% on the year before. Over five years, revenue changed +37.2% a year on average.
Last close Β· Oct 23, 2026
$88.88
0.3%Hi! I read Xometry, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+25.9%
Yes. Sales grew 25.9% last year.
Does it make a profit?
β9.0%
No. It lost money last year.
Does profit turn into cash?
β3.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 7
Weak. It passes 3 of 7 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Xometry, Inc. had $687M of revenue in fiscal 2025, up 25.9% on the year before. Over five years, revenue changed +37.2% a year on average. Its operating margin was β6.6%, up 3.7Β pts: of every 100 in sales, about β7 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Xometry, Inc. lost $61.7M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$24.1M in fiscal 2025, β3.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Xometry, Inc. returned $8.1M to shareholders in fiscal 2025.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $4.0M and sold $21.7M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$4.0M
2 insiders
Sold, 12 months
$21.7M
8 insiders
Of sales under plans
69%
$15.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 12, 2026 | Sanjeev Singh SahniChief Executive Officer, Director | Sold plan | 1,500 | $108.80 | $0.2M | Form 4 |
| Oct 2, 2026 | Vaidyanathan RaghavanChief Technology Officer | Sold plan | 1,866 | $103.28 | $0.2M | Form 4 |
| Oct 2, 2026 | Randolph AltschulerDirector | Sold plan | 5,721 | $103.32 | $0.6M | Form 4 |
| Oct 2, 2026 | Sanjeev Singh SahniChief Executive Officer, Director | Sold plan | 1,112 | $103.28 | $0.1M | Form 4 |
| Oct 1, 2026 | Randolph AltschulerDirector | Sold plan | 10,000 | $104.04 | $1.0M | Form 4 |
| Sep 14, 2026 | Sanjeev Singh SahniChief Executive Officer, Director | Sold plan | 1,500 | $85.23 | $0.1M | Form 4 |
| Sep 1, 2026 | Randolph AltschulerDirector | Sold plan | 10,000 | $90.82 | $0.9M | Form 4 |
| Aug 31, 2026 | Katharine WeymouthDirector | Sold | 5,000 | $95.23 | $0.5M | Form 4 |
| Aug 28, 2026 | Katharine WeymouthDirector | Sold | 5,000 | $94.30 | $0.5M | Form 4 |
| Aug 27, 2026 | Vaidyanathan RaghavanChief Technology Officer | Sold | 5,000 | $96.77 | $0.5M | Form 4 |
| Aug 19, 2026 | Emily RollinsDirector | Sold plan | 5,000 | $84.31 | $0.4M | Form 4 |
| Aug 17, 2026 | Sanjeev Singh SahniChief Executive Officer, Director | Sold plan | 1,500 | $90.19 | $0.1M | Form 4 |
| Aug 11, 2026 | Fabio RosatiDirector | Sold | 1,900 | $89.72 | $0.2M | Form 4 |
| Aug 10, 2026 | Fabio RosatiDirector | Sold | 8,100 | $91.45 | $0.7M | Form 4 |
| Aug 6, 2026 | James MilnChief Financial Officer | Sold plan | 1,500 | $87.92 | $0.1M | Form 4 |
| Jul 2, 2026 | Subir DuttChief Sales Officer | Sold plan | 1,073 | $93.39 | $0.1M | Form 4 |
| Jul 2, 2026 | Vaidyanathan RaghavanChief Technology Officer | Sold plan | 1,866 | $93.22 | $0.2M | Form 4 |
| Jul 2, 2026 | Randolph AltschulerDirector | Sold plan | 5,722 | $93.30 | $0.5M | Form 4 |
| Jul 2, 2026 | James MilnChief Financial Officer | Sold plan | 2,392 | $93.29 | $0.2M | Form 4 |
| Jul 1, 2026 | James MilnChief Financial Officer | Sold plan | 1,500 | $97.06 | $0.1M | Form 4 |
| Jun 3, 2026 | Lukas Alexander BiewaldDirector | Bought | 47,058 | $85.00 | $4.0M | Form 4 |
| Jun 1, 2026 | James MilnChief Financial Officer | Sold plan | 1,500 | $96.90 | $0.1M | Form 4 |
| May 27, 2026 | Subir DuttChief Sales Officer | Sold plan | 2,500 | $95.00 | $0.2M | Form 4 |
| May 21, 2026 | Randolph AltschulerChief Executive Officer, Director | Sold | 50,000 | $87.86 | $4.4M | Form 4 |
| May 18, 2026 | Subir DuttChief Sales Officer | Sold plan | 4,943 | $89.20 | $0.4M | Form 4 |
| May 13, 2026 | Subir DuttChief Sales Officer | Sold plan | 2,500 | $85.00 | $0.2M | Form 4 |
| May 11, 2026 | James MilnChief Financial Officer | Sold plan | 1,500 | $79.69 | $0.1M | Form 4 |
| May 11, 2026 | Subir DuttChief Sales Officer | Sold plan | 5,000 | $79.86 | $0.4M | Form 4 |
| Apr 2, 2026 | Randolph AltschulerChief Executive Officer, Director | Sold plan | 5,721 | $41.71 | $0.2M | Form 4 |
| Apr 2, 2026 | James MilnChief Financial Officer | Sold plan | 2,392 | $41.72 | $0.1M | Form 4 |
| Apr 2, 2026 | Subir DuttChief Sales Officer | Sold plan | 699 | $41.76 | $0.0M | Form 4 |
| Apr 2, 2026 | Sanjeev Singh SahniPresident | Sold plan | 1,111 | $41.77 | $0.0M | Form 4 |
| Apr 2, 2026 | Vaidyanathan RaghavanChief Technology Officer | Sold plan | 1,865 | $41.77 | $0.1M | Form 4 |
| Apr 1, 2026 | Emily RollinsDirector | Sold plan | 1,000 | $42.02 | $0.0M | Form 4 |
| Apr 1, 2026 | James MilnChief Financial Officer | Sold plan | 1,500 | $42.03 | $0.1M | Form 4 |
| Mar 2, 2026 | James MilnChief Financial Officer | Sold plan | 12,272 | $42.00 | $0.5M | Form 4 |
| Feb 27, 2026 | Katharine WeymouthDirector | Bought | 1,215 | $41.15 | $0.0M | Form 4 |
| Feb 26, 2026 | James MilnChief Financial Officer | Sold plan | 15,103 | $43.46 | $0.7M | Form 4 |
| Feb 26, 2026 | Sanjeev Singh SahniPresident | Sold plan | 9,978 | $43.44 | $0.4M | Form 4 |
| Feb 26, 2026 | Randolph AltschulerChief Executive Officer, Director | Sold plan | 31,928 | $43.44 | $1.4M | Form 4 |
| Feb 26, 2026 | Subir DuttChief Sales Officer | Sold plan | 2,410 | $43.47 | $0.1M | Form 4 |
| Feb 26, 2026 | Vaidyanathan RaghavanChief Technology Officer | Sold plan | 4,572 | $43.44 | $0.2M | Form 4 |
| Feb 9, 2026 | Subir DuttChief Sales Officer | Sold plan | 2,500 | $70.00 | $0.2M | Form 4 |
| Feb 2, 2026 | James MilnChief Financial Officer | Sold plan | 599 | $58.98 | $0.0M | Form 4 |
| Jan 8, 2026 | Sanjeev Singh SahniPresident | Sold plan | 26,190 | $65.47 | $1.7M | Form 4 |
| Jan 5, 2026 | Randolph AltschulerChief Executive Officer, Director | Sold plan | 14,826 | $66.53 | $1.0M | Form 4 |
| Jan 5, 2026 | Subir DuttChief Sales Officer | Sold plan | 3,929 | $65.55 | $0.3M | Form 4 |
| Jan 5, 2026 | Vaidyanathan RaghavanChief Technology Officer | Sold plan | 3,570 | $66.52 | $0.2M | Form 4 |
| Jan 5, 2026 | James MilnChief Financial Officer | Sold plan | 6,203 | $66.51 | $0.4M | Form 4 |
| Jan 5, 2026 | Sanjeev Singh SahniPresident | Sold plan | 4,446 | $66.57 | $0.3M | Form 4 |
| Jan 2, 2026 | Emily RollinsDirector | Sold plan | 1,000 | $61.86 | $0.1M | Form 4 |
| Jan 2, 2026 | James MilnChief Financial Officer | Sold plan | 598 | $61.80 | $0.0M | Form 4 |
| Dec 1, 2025 | James MilnChief Financial Officer | Sold plan | 598 | $56.02 | $0.0M | Form 4 |
| Nov 19, 2025 | Subir DuttChief Sales Officer | Sold plan | 2,075 | $60.00 | $0.1M | Form 4 |
| Nov 17, 2025 | Subir DuttChief Sales Officer | Sold plan | 425 | $60.34 | $0.0M | Form 4 |
| Nov 10, 2025 | Emily RollinsDirector | Sold plan | 1,000 | $68.02 | $0.1M | Form 4 |
| Nov 7, 2025 | James MilnChief Financial Officer | Sold plan | 599 | $62.11 | $0.0M | Form 4 |
| Oct 2, 2025 | James MilnChief Financial Officer | Sold plan | 1,122 | $50.21 | $0.1M | Form 4 |
| Oct 2, 2025 | Vaidyanathan RaghavanChief Technology Officer | Sold plan | 1,298 | $50.29 | $0.1M | Form 4 |
| Oct 2, 2025 | Randolph AltschulerChief Executive Officer, Director | Sold plan | 9,331 | $50.31 | $0.5M | Form 4 |
| Oct 1, 2025 | James MilnChief Financial Officer | Sold plan | 598 | $52.22 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Xometry, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $117M | $319M | $269M | $240M | $219M |
| Interest coverage | β68.9x | β17.4x | β15.4x | β11.8x | β9.3x |
| Current ratio | 2.9x | 6.0x | 4.3x | 4.4x | 3.8x |
| Quick ratio | 2.8x | 6.0x | 4.2x | 4.3x | 3.7x |
| Total assets | $503M | $734M | $707M | $680M | $704M |
| Total liabilities | $77.1M | $362M | $377M | $365M | $427M |
| Shareholders' equity | $424M | $371M | $329M | $314M | $276M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Xometry, Inc. passes 3 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 3 / 8 | 5 / 8 | 4 / 8 | 5 / 8 | 3 / 7 |
| Accruals ratio | β | β10.2% | 2.4% | β2.7% | β5.2% | β5.0% | β9.8% |
| Altman Z'' | β | β6.37 | 5.26 | 2.14 | 1.28 | 1.01 | 0.53 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $80.2M | $141M | $218M | $381M | $463M | $546M | $687M |
| Gross profit | $14.7M | $33.3M | $57.1M | $146M | $178M | $216M | $269M |
| Research and development | $10.6M | $12.2M | $17.8M | $31.0M | $34.5M | $39.3M | $46.8M |
| Operating income | β$30.5M | β$29.2M | β$58.7M | β$77.1M | β$73.6M | β$56.1M | β$45.5M |
| Interest expense | $0.2M | $1.1M | $0.9M | $4.4M | $4.8M | $4.8M | $4.9M |
| Pretax income | β | β$31.1M | β$61.4M | β$79.0M | β$67.8M | β$50.4M | β$61.2M |
| Income tax | β | β | β | $0.0M | β$0.4M | β$0.0M | $0.6M |
| Net income | β$31.0M | β$31.1M | β$61.4M | β$79.1M | β$67.5M | β$50.4M | β$61.7M |
| Net income to common | β$31.0M | β$39.9M | β$61.4M | β$79.1M | β$67.5M | β$50.4M | β$61.7M |
| Diluted EPS | β$4.88 | β$5.32 | β$2.33 | β$1.68 | β$1.41 | β$1.03 | β |
| Diluted shares | 0.01B | 0.01B | 0.03B | 0.05B | 0.05B | 0.05B | β |
| Cash flow | |||||||
| Cash from operations | β$27.1M | β$22.0M | β$68.6M | β$62.6M | β$29.9M | β$15.4M | $6.1M |
| Capital expenditure | $2.7M | $4.2M | $6.3M | $13.7M | $18.5M | $18.1M | $30.2M |
| Free cash flow | β$29.8M | β$26.2M | β$74.8M | β$76.2M | β$48.4M | β$33.5M | β$24.1M |
| Depreciation and amortization | $1.8M | $3.1M | $3.6M | $7.8M | $10.7M | $13.0M | $18.8M |
| Stock-based compensation | $0.5M | $1.0M | $7.4M | $19.2M | $22.1M | $29.3M | $36.4M |
| Acquisitions | $1.4M | β | $175M | β | $3.3M | $0.0M | $0.0M |
| Share buybacks | β | β | β | β | $0.0M | $0.0M | $8.1M |
| Dividends and buybacks | β | β | β | β | $0.0M | $0.0M | $8.1M |
| Balance sheet | |||||||
| Cash and short-term investments | β | $59.9M | $117M | $319M | $269M | $240M | $219M |
| Total debt | β | $15.8M | β | β | β | β | β |
| Finance lease liabilities | β | β | $0.0M | β | β | β | β |
| Current assets | β | $77.7M | $163M | $387M | $356M | $328M | $335M |
| Current liabilities | β | $38.4M | $57.0M | $64.0M | $83.2M | $74.8M | $88.9M |
| Inventory | β | $2.3M | $2.0M | $1.6M | $2.9M | $3.9M | $3.9M |
| Property and equipment, net | β | $6.1M | $10.3M | $19.1M | $35.6M | $44.8M | $60.6M |
| Goodwill | $2.2M | $0.8M | $255M | $258M | $263M | $263M | $264M |
| Intangible assets | β | $1.7M | $41.7M | $39.4M | $35.8M | $32.1M | $28.6M |
| Total assets | β | $89.0M | $503M | $734M | $707M | $680M | $704M |
| Total liabilities | β | $39.5M | $77.1M | $362M | $377M | $365M | $427M |
| Shareholders' equity | β$73.1M | β$111M | $424M | $371M | $329M | $314M | $276M |
| Margins | |||||||
| Gross margin | 18.4% | 23.5% | 26.2% | 38.3% | 38.5% | 39.5% | 39.1% |
| Operating margin | β38.1% | β20.7% | β26.9% | β20.2% | β15.9% | β10.3% | β6.6% |
| EBITDA margin | β35.8% | β18.5% | β25.2% | β18.2% | β13.6% | β7.9% | β3.9% |
| Net margin | β38.6% | β22.0% | β28.1% | β20.8% | β14.6% | β9.2% | β9.0% |
| FCF margin | β37.2% | β18.6% | β34.3% | β20.0% | β10.4% | β6.1% | β3.5% |
| Returns | |||||||
| Return on capital employed | β | β57.8% | β13.2% | β11.5% | β11.8% | β9.3% | β7.4% |
| Return on equity | β | β | β39.2% | β19.9% | β19.3% | β15.7% | β20.9% |
| Return on assets | β | β34.9% | β20.8% | β12.8% | β9.4% | β7.3% | β8.9% |
| Return on tangible equity | β | β | β47.9% | β107.8% | β220.4% | β256.8% | β |
| Growth | |||||||
| Revenue growth | β | 76.3% | 54.4% | 74.5% | 21.7% | 17.7% | 25.9% |
| Share count change | β | 18.1% | 251.2% | 79.2% | 1.6% | 2.4% | β |
| Financial health | |||||||
| Interest coverage | β126.8x | β26.8x | β68.9x | β17.4x | β15.4x | β11.8x | β9.3x |
| Current ratio | β | 2.0x | 2.9x | 6.0x | 4.3x | 4.4x | 3.8x |
| Quick ratio | β | 2.0x | 2.8x | 6.0x | 4.2x | 4.3x | 3.7x |
| Capital allocation | |||||||
| Capex / revenue | 3.4% | 3.0% | 2.9% | 3.6% | 4.0% | 3.3% | 4.4% |
| Stock comp / revenue | 0.7% | 0.7% | 3.4% | 5.0% | 4.8% | 5.4% | 5.3% |
| Quality scores | |||||||
| Piotroski F-score | β | β | 3.0 | 5.0 | 4.0 | 5.0 | 3.0 |
| Altman Z'' | β | β6.4 | 5.3 | 2.1 | 1.3 | 1.0 | 0.5 |
| Accruals ratio | β | β10.2% | 2.4% | β2.7% | β5.2% | β5.0% | β9.8% |
Source: SEC EDGAR XBRL filings (CIK 0001657573). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
