Xometry Q1 Adjusted EPS $0.02, Revenue $151M Up 23%, Active Buyers 71,454; Raises 2025 Marketplace Growth Outlook

Xometry Inc. reported first-quarter 2025 adjusted earnings per share of $0.02, reversing a loss of $0.12 per share from the same period last year. The company's total revenue reached a record $151 million, marking a 23% increase from $122.7 million in Q1 2024 and surpassing analyst estimates of $148.11 million. Gross profit rose 18% year-over-year to $56.3 million, with marketplace gross profit increasing 26% to $43.3 million, though marketplace gross margin slightly declined by 20 basis points to 31.8%, attributed to investments in global sourcing. The number of active buyers on Xometry’s marketplace grew 22% to 71,454, while accounts with at least $50,000 in annual spend increased 12% to 1,545. Enterprise engagement deepened, with over 100 accounts spending more than $500,000 annually and generating revenue growth exceeding 40% year-over-year. For full-year 2025, Xometry raised its marketplace revenue growth outlook to at least 22%, up from a previous forecast of 20%, while expecting supplier services revenue to decline by approximately 5%. Separately, Talkspace reported results and guidance in line with expectations, noting that Medicare population targeting began late in Q1 and is expected to accelerate growth. However, the company’s share buyback during the quarter was limited to $7 million.