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Financial statements

Xometry, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Xometry, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Revenue80.2141218381463546687
Cost of revenue65.5108161235285330418
Gross profit14.733.357.1146178216269
Research and development10.612.217.83134.539.346.8
Selling and marketing14.622.639.484.493.7108123
General and administrative8.021234.958.270.96572.3
Operating expenses45.362.5116223252272314
Operating income-30.5-29.2-58.7-77.1-73.6-56.1-45.5
Interest expense0.241.090.854.424.784.754.91
Interest income0.984.1211.610.88.57
Other non-operating income-0.45-1.87-2.7-1.925.765.73-15.6
Pre-tax income-31.1-61.4-79-67.8-50.4-61.2
Income tax0.04-0.35-0.020.59
Net income to minority interests-00.020.01-0-0.01
Net income-31-31.1-61.4-79.1-67.5-50.4-61.7
EBITDA-28.7-26.1-55.1-69.3-62.8-43.1-26.8
EPS, basic-4.88-5.32-2.33-1.68-1.41-1.03
EPS, diluted-4.88-5.32-2.33-1.68-1.41-1.03
Shares, basic (weighted)6.357.4926.347.247.949.1
Shares, diluted (weighted)6.357.4926.347.247.949.1

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents59.986.365.753.422.215
Short-term investments030.5254215218204
Receivables14.632.449.370.17497.4
Inventory2.292.031.572.893.923.92
Other current assets0.915.589.378.94.876.95
Total current assets77.7163387356328335
Property, plant and equipment6.1110.319.135.644.860.6
Lease right-of-use assets1.9227.525.912.38.4611.1
Goodwill2.190.83255258263263264
Intangible assets1.6541.739.435.832.128.6
Other non-current assets0.790.770.410.470.410.88
Total assets89503734707680704
Accounts payable5.6412.712.424.7
Accrued liabilities13.630.933.441.8
Deferred revenue1.822.367.868.737.367.9510.3
Short-term debt15.8
Total current liabilities38.4576483.274.888.9
Lease liabilities1.1216.916.9115.079.84
Other non-current liabilities1.681.010.780.820.55
Total liabilities39.577.1362377365427
Paid-in capital0.5598623648685711
Retained earnings-112-173-252-320-370-432
Treasury stock0-8.08
Other comprehensive income0.210.150.030.86-0.334.77
Shareholders' equity-73.1-111424371329314276
Minority interests1.031.091.121.141.14
Total equity-73.1-111425372330316277
Total liabilities and equity89503734707680704
Shares outstanding7.760

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Net income-31-31.1-61.4-79-67.5-50.4-61.7
Depreciation and amortization1.853.123.67.8210.71318.8
Stock-based compensation0.541.017.419.222.129.336.4
Deferred income tax00-0.18-0.65-0.15-0.05-0.08
Change in receivables-5.51-2.13-11.1-17-20.6-5.75-21.8
Change in inventory-0.56-0.960.290.35-1.55-1.280.14
Change in payables2.81-2.355.22-0.226.74
Cash from operations-27.1-22-68.6-62.6-29.9-15.46.09
Capital expenditures-2.69-4.19-6.26-13.7-18.5-18.1-30.2
Acquisitions-1.43-175-3.3500
Purchases of investments-28.9-17.7-267-284-11.6-18.8-8.54
Sales and maturities of investments23558.95016.522
Cash from investing-2.356.67-213-23916.8-20.2-16.6
Stock issued0.450.522.293.721.915.13.09
Share buybacks00-8.08
Cash from financing54.735.33082811.074.642.89
Net change in cash25.219.826.4-20.6-12.2-31.2-7.24
Free cash flow-29.8-26.2-74.8-76.2-48.4-33.5-24.1
Interest paid1.111.270.911.412.882.883.55
Income taxes paid1.01

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $100.57 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin38.7%Gross profit / revenue.
Operating margin-3.8%Operating income / revenue.
EBITDA margin-1.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-3.7%Pre-tax income / revenue.
Net margin-3.8%Net income / revenue.
Operating cash flow margin3.4%Cash from operations / revenue.
Return on equity (ROE)-5.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-2.9%Net income / average total assets.
Return on invested capital (ROIC)-4.2%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue6.1%Research and development expense / revenue.
Stock-based pay / revenue5.1%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue2.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y25.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y21.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y37.2%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y24.6%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y22.6%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y51.9%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-12.4%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-9.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y3.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-1.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y51.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio3.21xCurrent assets / current liabilities.
Quick ratio3.09x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio2.47x(Cash + short-term investments) / current liabilities.
Liabilities / assets43.6%Total liabilities / total assets.
Interest coverage-6.06xOperating income / interest expense.
Working capital$463.2MCurrent assets - current liabilities.
Goodwill and intangibles / assets27.5%(Goodwill + intangible assets) / total assets.
Tangible book value$304.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.76xRevenue / average total assets.
Fixed asset turnover10.1xRevenue / average property, plant and equipment.
Inventory turnover128xCost of revenue / average inventory.
Days inventory3 days365 x average inventory / cost of revenue.
Receivables turnover6.20xRevenue / average receivables.
Days sales outstanding59 days365 x average receivables / revenue.

Valuation

MetricValueHow it is calculated
Market cap$5.77BShare price x shares outstanding.
Enterprise value$5.25BMarket cap + total debt - cash - short-term investments.
P/S7.14xMarket cap / revenue.
P/B9.69xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book18.9xMarket cap / tangible book value, when positive.
P/OCF208xMarket cap / cash from operations, when positive.
EV/Sales6.50xEnterprise value / revenue.
Earnings yield-0.5%Net income / market cap (the inverse of P/E).
What was Xometry, Inc.'s revenue in fiscal 2025?

Xometry, Inc. reported revenue of $686.6M for fiscal 2025, 25.9% higher than the year before.

Was Xometry, Inc. profitable in fiscal 2025?

No. It reported a net loss of $61.7M.

How much free cash flow did Xometry, Inc. generate in fiscal 2025?

Cash from operations of $6.1M minus capital expenditures of $30.2M left free cash flow of -$24.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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