Xometry Inc. posted record Q1 revenue as its AI-driven marketplace for custom manufacturing services gained traction. For fiscal Q1 ended March 31, the North Bethesda, Maryland-based company reported $205.1 million in revenue, up 36% year over year, with core marketplace revenue rising 40% to $191.3 million (Digital Commerce 360 - AI). The company added 3,760 net active buyers during the quarter—its highest number in nine quarters—and existing customers increased spending, with marketplace revenue per active buyer up 17% year over year (Digital Commerce 360 - AI).
Xometry announced a strategic partnership with Siemens to embed its manufacturability, pricing, and sourcing tools directly into Siemens Xcelerator, the company's industrial software platform (Digital Commerce 360 - AI). Siemens is investing approximately $50 million in Xometry through newly issued stock. The company also upgraded its AI models during the quarter: it launched an enterprise machining lead-time model using a training dataset four times larger than its predecessor and updated dynamic pricing logic to tailor quotes based on part geometry, configurations, and customer history (Digital Commerce 360 - AI). For commerce practitioners, this shift moves AI-powered sourcing intelligence upstream into design workflows, allowing engineers to receive real-time pricing and feasibility feedback before manufacturing decisions are locked in.
Xometry raised its full-year 2026 outlook, now expecting revenue growth of at least 27% to 28%, with marketplace revenue projected to grow about 30% (Digital Commerce 360 - AI). The company's supplier network spans approximately 5,000 suppliers globally, with jobs requiring specialized certifications increasing 35% on the platform in 2025 (Digital Commerce 360 - AI).