Xometry Posts First GAAP Profit, Hits $1B Run Rate
The industrial parts marketplace reported its first quarter of GAAP profitability alongside strong growth in marketplace revenue and large-account spending.
Updated on Nov. 3, 2026 in Economic Indicators
Xometry reported its third-quarter 2026 earnings on November 3, 2026, marking its first quarter of GAAP profitability and a $1 billion annual revenue run rate. Marketplace revenue reached $238 million, up 43% year over year.
Why it matters
The results suggest industrial buyers are shifting procurement online, a market in which less than 1% of the $275 billion custom manufacturing total addressable market currently runs through digital channels. Growth in large-spend accounts indicates the platform is gaining traction with enterprise customers.
Marketplace revenue reached $238 million, up 43% year over year, with a 36% marketplace gross margin and $21.4 million in adjusted EBITDA. Accounts spending at least $50,000 annually grew 26% to 2,172, while the full-year profitability outlook beyond this quarter was not addressed in the report.
The players
Xometry
Xometry is a digital marketplace connecting businesses with custom manufacturing suppliers, operating a network of more than 5,000 active suppliers.
Siemens Designcenter
Siemens Designcenter is a Siemens digital engineering software platform used for product design and manufacturing planning.
The details
Xometry, which operates a digital marketplace for custom manufacturing, reported first-quarter GAAP profitability and a $1 billion annual revenue run rate. The company has more than 5,000 active suppliers and is building native integrations to Siemens Designcenter to bring its manufacturability and pricing insight into the platform.
Timeline
November 3, 2026: Xometry reports third-quarter 2026 earnings and first GAAP profitability.
First quarter of 2027: Initial testing of the Siemens Designcenter integration is scheduled.
Market Dynamics
Custom manufacturing is a $275 billion total addressable market in which less than 1% of transactions currently run through digital channels, leaving substantial room for online procurement platforms to expand. Xometry's first GAAP profit and $1 billion run rate place it among the early proof points that industrial buyers are moving procurement online.
For U.S. businesses that buy custom parts, the shift toward online procurement may offer faster sourcing and more transparent pricing through a platform with over 5,000 suppliers. Investors and buyers watching industrial demand can use the company's large-account growth as one signal of how quickly enterprise purchasing is moving online.
The takeaway
Industrial buying is moving online faster than the sector's small digital share suggests, and rising large-account counts are a practical indicator to watch. Businesses evaluating custom manufacturing sources may find digital marketplaces an increasingly viable option.
What happens next
Initial testing of the Siemens Designcenter integration is scheduled for the first quarter of 2027.
Further reading
Track more company-level results alongside the broader Economic Indicators coverage for context on industrial demand.
