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For the full year, Xometry generated $486 million in marketplace revenue, a 23% increase from 2023.

Xometry Inc. posted solid revenue growth for its fiscal Q4 and full year ending Dec 31.

The company’s performance was enhanced by robust marketplace growth, an expanding international reach, and improvements in profitability. Xometry is a global B2B marketplace connecting buyers with manufacturing suppliers.

“Our AI-powered marketplace continues to gain share and deliver record financial results,” said CEO Randy Altschuler. “In Q4, we exceeded expectations with strong marketplace growth, reflecting our customers’ reliance on Xometry for supply chain resilience.”

Xometry Q4 and full-year 2024 revenue

In Q4, Xometry reported $135 million in marketplace revenue, marking a 20% year-over-year increase. Its number of active buyers rose 23%, reaching 68,267 by year-end. Meanwhile, accounts spending over $50,000 in the last 12 months grew 12% to 1,495.

Xometry supplier services revenue dropped 13% to $14 million, primarily due to the company’s exit from non-core services. The company reported a net loss of $9.9 million for the quarter, narrowing losses by $700,000 year-over-year.

For 2024 as a whole, Xometry generated $486 million in marketplace revenue. That’s a 23% increase from 2023. Its supplier services revenue declined 13% to $59.6 million. The company’s annual net loss narrowed to $50.4 million, down from $67.5 million in 2023.

Throughout 2024, Xometry expanded its supplier base by 28%, focusing on quality certifications to serve larger customers across industries like automotive, aerospace, and medical devices. The company also secured a new patent for its AI-driven Instant Quoting Engine, bringing its U.S. patent portfolio to 12.

Internationally, Xometry enhanced its marketplace capabilities by expanding operations in Turkey and India and adding vacuum casting and new material options in its European marketplace. It also introduced Czech and Hungarian language support, bringing the total number of supported languages to 18.

Looking ahead, Xometry projects revenue between $147 million and $149 million for Q1 2025. For the full year, the company anticipates at least 20% growth in marketplace revenue and a 5% to 10% decline in supplier services revenue.

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