Xometry (XMTR) Stock Forecast & Price Target

Xometry Inc. reported strong financial performance, with marketplace revenue reaching $134.5 million, reflecting a year-over-year increase of 20% and a quarter-over-quarter gain of 6%. The company achieved a record gross profit margin of 34.5%, significantly up from 23.5% three years prior, indicating robust operational efficiency and profitability improvements. Additionally, international revenue surged by 42% year-over-year, and there is a positive expectation for continued growth driven by increased enterprise account penetration in Europe and Asia Pacific markets.

Xometry's recent financial performance indicates a decline in marketplace revenue per active buyer, which decreased by 3% year-over-year despite a slight sequential increase, highlighting challenges in maintaining buyer engagement. Additionally, while management projects marketplace revenue growth of at least 20% for 2025, the anticipated decline in supplier services revenue by 5-10% raises concerns about overall revenue stability and profitability. Furthermore, the company has issued 1Q25 guidance that fell short of expectations, coupled with an adjusted EBITDA forecast indicating a loss, which suggests ongoing operational pressures that may hinder financial recovery in the near term.