X
Xometry
👤 Randy Altschuler (Co-founder. He built OfficeTiger before this — a global outsourcing firm sold to RR Donnelley for $250M in 2006.)🌐 siteLinkedIn
Xometry turned email quotes for custom parts into instant AI pricing — and takes the merchant's cut on every order.
Will it work? · our read
Big, low-margin. A genuinely hard-to-copy marketplace: instant-quote AI plus 5,000 vetted shops. But orders are booked gross, and a 34.7% cut still left a $61.7M loss in 2025.
01How the money moves
Buyer uploads a CAD file; AI quotes a price and lead time in seconds
→
Xometry routes the job to a matched shop, which makes and ships the part
→
Buyer pays the quoted price; Xometry pays the shop less, keeping a 34.7% margin
02The numbers
$686.6MFiledFY2025 revenue (XMTR)
FY2025 (reported 2026-02-24)
Marketplace revenue ($630M, 92% of total) is booked gross as merchant of record, so the 34.7% gross margin is the real take Xometry keeps. FY2025 release
Marketplace revenue was $630M (92% of total), booked gross as merchant of record; the real cut is the 34.7% marketplace margin.
🔒
You have the verdict. Members get the work behind it.
- The CENTS scorecard — where it's strong, where it's soft
- The founder's key move, and the counter-move
- How it could die — the evidence, and how sure we are
- The case against our own call
- A 🚀 launchpad prompt — the case, as a plan for your business
We rate our own confidence — and argue against ourselves. Nobody else in this category does.
Sources always public on all 441 cases · cancel anytime · 14-day refund
See a full teardown, free → ImportYetiSources
Xometry FY2025 earnings release (Feb 24, 2026) — total revenue $686.6M, marketplace $630M, 34.7% margin, 81,821 buyers, 4,996 suppliers, $61.7M net loss.Xometry Investor Relations — FY2025 results and 10-K (Nasdaq: XMTR).Xometry financials (stockanalysis.com) — FY2025 revenue $686.63M, FY2024 $545.53M.Xometry — Wikipedia: founded 2013, IPO June 2021, business model.Randy Altschuler — Wikipedia: co-founded OfficeTiger (sold to RR Donnelley, $250M) and CloudBlue before Xometry.
Revenue is FILED: $686.6M total FY2025 revenue is Xometry's audited GAAP figure, stated in its Form 10-K filed with the SEC on Feb 24, 2026 for fiscal year ended Dec 31, 2025 (Nasdaq: XMTR), and independently matched by stockanalysis.com ($686.63M). Key caveat: marketplace revenue ($630M, 92% of total) is recognized gross because Xometry is the merchant of record — it sets the buyer's price and the supplier's payout — so that line behaves like gross transaction value, and the real take is the 34.7% marketplace gross margin (about $219M kept). Buyer (81,821), supplier (4,996) and margin (34.7%) figures are from the same-day earnings release. No drama: Xometry won on the instant-quote engine and patient network-building, not a fight; it remains unprofitable (net loss $61.7M in 2025). Founder background (OfficeTiger sold to RR Donnelley for $250M, 2006) from Wikipedia. verified: first-party filing. We never score you.