Xometry (XMTR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Xometry

NasdaqGS•Industrials•Industrial Distribution

$93.15+5.57(0.06%)Pre-market

Market Cap

$5.27B

P/S

6.5x

P/B

8.9x

Xometry, Inc. operates an artificial intelligence (AI) powered online manufacturing marketplace in the United States and internationally. The company's marketplace uses AI to assist buyers to source custom-manufactured parts and assemblies and attain instant pricing and lead times. It operates Xometry marketplace, an AI powered online marketplace that connects buyers with suppliers of manufacturing services; Xometry instant quoting engine, which prices transactions based on volume, manufacturing process, material, and location; and Thomasnet, an industrial sourcing platform that features an online directory of industrial suppliers, products, and services, as well as digital marketing services and insights to manufacturers and industrial services providers. The company also provides cloud-based systems, such as Workcenter, a financial service product that facilitates payments and a cloud-based manufacturing execution system; and Teamspace, a cloud-based solution within the Xometry platform that enables customers to collaborate with other users on projects and custom part orders. In addition, it offers computer numerical control (CNC) machining, injection molding, 3D printing, sheet forming and cutting, die casting, urethane casting, tube cutting, and tube bending, as well as finishing, rapid prototyping, and production services. It serves the aerospace, industrial, medical devices, automotive, consumer goods, defense, government, energy, education, and robotics industries. The company was formerly known as NextLine Manufacturing Corp. and changed its name to Xometry, Inc. in June 2015. Xometry, Inc. was incorporated in 2013 and is headquartered in North Bethesda, Maryland.

How this company scores

WeakMetricSide Score: 57/100

Grade capped at D — Interest coverage below 1× (-6.1x) — earnings cannot cover interest. Strongest: Growth (20/25); weakest: Cash & Earnings Quality (8/25).

Profitability15/25

Growth20/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality8/25

Strengths

Growing revenueLow leverageProfit converts from growthImproving leverage

Grade capped at D

Interest coverage below 1× (-6.1x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 6.5x5y range 1.1x – 6.9x

Currently above its 18-quarter median.

P/B · 8.9x5y range 1.8x – 11.8x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $5.27B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $807.53M
Q. Revenue: $229.28M
TTM EBITDA: $-9.82M
TTM Op. Income: $-30.60M
Q. Op. Income: $-5.54M
TTM Net Income: $-30.81M
Q. Net Income: $-5.31M
EPS: $-0.1
Shares Out.: $54.22M

$807.53M in TTM revenue grew 33.7% YoY, reaching $229.28M last quarter. TTM EBITDA of $-9.82M and TTM operating income of $-30.60M show growth is flowing through to the bottom line. However, net income is negative at $30.81M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 38.0%
EBITDA Margin: 0.1%
Op. Margin: -2.4%
Net Margin: -2.3%

Op. margin of -2.4% is up 3.9% YoY — cost efficiency is improving. Net margin at -2.3% and gross margin of 38.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 5 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 6.5x
P/B Ratio: 8.9x

P/S of 6.5x and P/B of 8.9x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.06B
Cash: $21.75M
Long-Term Debt: $243.17M
Book Value: $595.02M
D/E Ratio: 0.4
Debt/EBITDA: 835.6

With $1.06B in assets and $243.17M in long-term debt, D/E is 0.4and book value is $595.02M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.92M
TTM Free Cash Flow: $-13.93M
FCF Margin: -1.7%
FCF / Net Income: 0.5

TTM FCF of $-13.93M on $2.92M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 32% — a weakening trend.