NASDAQ: XMTR

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Instant Quoting Engine®. Our AI-native instant quoting engine provides pricing and lead times, simplifying the buyers’ decision-making process. We deliver real-time automated design for manufacturing (“DFM”) insights during the purchase funnel, enabling buyers to purchase with greater confidence while reducing downstream operational overhead related to manufacturability issues during job sourcing or production. By analyzing part geometry, materials, tolerances, quantities, historical transaction data and supplier performance signals, the platform delivers rapid, data-driven sourcing decisions that reduce time-to-production and procurement friction. With a rapidly growing global network of 4,996 Active Suppliers, Xometry offers significant production capacity and flexibility, ensuring that our 81,821 Active Buyers receive high-quality results while meeting demanding timelines. This scale enables customers to source everything from early-stage prototypes to production-scale orders across a single digital platform.

We define Active Suppliers as suppliers that have used our platform at least once during the last twelve months to manufacture a product. In addition, we define Active Buyers as buyers who have made at least one purchase on our marketplace during the last twelve months.

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Proprietary AI tech stack and data. The Xometry marketplace is powered by proprietary machine learning technology that continuously learns from hundreds of millions of data inputs generated across marketplace interactions, including quoting activity, order execution, supplier performance, pricing outcomes and customer behavior. These data assets and models enable ongoing improvements to pricing accuracy, lead-time predictability, manufacturability analysis and supplier matching. Over time, this feedback loop enhances marketplace efficiency, improves customer outcomes, and strengthens the overall performance of the ecosystem. Each quarter of growth and improvements in our technology has helped to incrementally power the quarters that follow. We continue to invest in a dynamic, personalized pricing engine that leverages AI to calibrate customer- and category-level price sensitivity, enabling the platform to deliver improved pricing value while balancing supply availability, customer demand and supplier economics.

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Extensible Marketplace Platform. The Xometry marketplace is extensible, supporting an expansive set of traditional and emerging manufacturing processes, a growing selection of materials, and comprehensive quality assurance options offered by our supplier network. As new processes, capabilities and suppliers are added to the marketplace, the platform can rapidly incorporate them into its quoting, matching and workflow systems. This extensibility positions us to scale efficiently and capture new categories introduced by our suppliers, enabling buyers to access customized manufacturing solutions aligned with their industry needs and preferences. We provide buyers with rigorous quality and certification standards designed to ensure parts are manufactured to meet industry-specific compliance and quality benchmarks. We maintain supplier qualification, performance monitoring and quality assurance processes intended to provide customers confidence in the consistency, reliability and durability of parts produced through the platform. We focus on ensuring high-quality delivery and reducing rework through AI-powered inspection and virtual quality control capabilities designed to identify potential quality issues earlier in the manufacturing lifecycle.

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Digital Infrastructure for Enterprise Customers. To support enterprise customers, we are investing in automation to simplify onboarding and ongoing procurement management, including punchout integrations across a broader range of enterprise resource planning (“ERP”) systems. We also continue to expand the capabilities of Teamspace, Xometry’s proprietary cloud-based on-platform solution that enables customers to collaborate with other users on projects and custom part orders. These technology solutions help drive our land and expand efforts by embedding Xometry further into enterprise workflows. Our standardized, timely messaging platform enables the consistent publication of critical events and updates to both customers and suppliers, ensuring reliable, on-time communication across the marketplace.

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Global Sourcing Network. We provide sourcing and pricing across a network of buyers and suppliers, offer access to a wide and growing range of manufacturing processes through our diverse and expanding supplier network, and enable business success through additional products and services that serve the unique needs of each side of our marketplace. For suppliers, the marketplace provides consistent access to qualified demand, automated job matching and tools to manage capacity utilization and operational efficiency. We believe our growing supplier network, combined with our technology-enabled matching capabilities, creates a differentiated value proposition for both buyers and suppliers.

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Workcenter Partner Network Operating System. For suppliers, we continue to expand functionality within our partner-facing mobile application, Workcenter, available on both iOS and Android. These investments are designed to meet suppliers where they work most effectively and to simplify job management through optimized workflows, on-platform communication for support, personalized offers and streamlined job acceptance, driving higher supplier engagement and marketplace participation.

Thomasnet Platform and Technology

Thomasnet® is a leading digital platform connecting industrial buyers with over 500,000 listed North America suppliers. Operating at the intersection of digital marketing, industrial sourcing, and supply chain management. Thomasnet supports manufacturers, distributors, and service providers with tools and resources to enhance visibility, drive qualified leads, and streamline procurement processes. Through our Thomasnet platform, we offer a suite of digital marketing services including search engine optimization ("SEO"), content creation, data-driven advertising, analytics and insights. These solutions help industrial companies increase online visibility and drive business growth. In late 2025, Thomasnet launched new platform tools designed to help industrial buyers source optimal suppliers including a dynamic advertising platform and improved search technology. The new performance-based listings model allows industrial business advertisers to set budgets and only pay for potential buyers who interact with their profiles. Thomasnet also launched new natural language search tools that enable buyers to run complex, multi-capability searches and identify more relevant suppliers for their needs.

Industry Overview and Opportunity

The global manufacturing industry is at an important inflection point. The urgent need for resilient, localized and compliant supply chains—combined with the shift toward AI-driven automation—has increased the value proposition of our platforms. We are the bridge to a more efficient, transparent and resilient future for custom manufacturing.

We believe that we are only at the beginning of our journey to digitize the world’s production capacity. We estimate the addressable market for our marketplace is approximately $275 billion based on the estimated size of the market for key manufacturing processes offered on our platform, including computer numerical control (“CNC”) machining, injection molding, 3D printing, sheet forming and cutting, die casting, urethane casting, tube cutting and tube bending. Our Thomasnet industrial sourcing platform, which offers over 80,000 industrial categories, further expands our total addressable market.

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Custom Manufacturing is a massive, highly fragmented, and regionalized industry in need of solutions to drive efficiency. The global manufacturing industry is one of the largest and most important industries in the world. We believe the industry is undergoing increased digitization via a number of global thematic shifts, including changing demand for production, new manufacturing technologies, and shifting value chains, and is in need of solutions to drive efficiency and create opportunities

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from these dynamics. Furthermore, the manufacturing industry is largely composed of small- to medium-sized manufacturers and we believe that there are significant barriers to entry for these businesses, who have to compete with scaled, better-resourced manufacturers. Xometry has an opportunity to help these small- to medium-sized manufacturers with their financing, advertising and marketing through our services.

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Sourcing manufacturing opportunities is a complex, costly and time-consuming process. Even for the most sophisticated buyers and suppliers, the manufacturing sourcing and procurement process is complex, fraught with uncertainty, costly and time-consuming. We believe that changing the labor-intensive sourcing process presents a significant opportunity as buyers and suppliers look for more efficient ways to source demand and launch production.

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Resilient, localized and compliant supply chains are imperative. There is a significant opportunity to help companies around the world improve their supply chain diversification, access just-in-time production, and build supply chain resilience. The effects of ongoing geopolitical instability and the potential impact arising from changes in trade policies have highlighted the urgent need for resilient and localized supply chains.

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AI is driving an inflection point for industry digitization. We believe artificial intelligence is becoming foundational to manufacturing’s digital transformation. Beyond incremental automation, AI is increasingly embedded in the infrastructure that governs how work is sourced, priced, and produced. In an environment of ongoing supply-chain volatility and increased reshoring, AI-driven platforms are enabling faster decision-making, greater resilience, and improved constructive competitiveness across the manufacturing ecosystem.

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Increasing focus on the manufacturing industry to address environmental and sustainability issues. Companies and investors are increasingly focused on the importance of environmental and sustainability issues. Supply chain management is a major source of carbon emissions. We believe companies will increasingly look to productive business solutions that limit carbon emissions throughout the manufacturing ecosystem.

Our Growth Strategy

We believe our financial performance demonstrates the success of our purposefully built marketplace model in the large and highly fragmented custom manufacturing market. We have designed our marketplace structure to be a key differentiator to power our growth and adoption amongst our customers and suppliers. Our service offerings deepen our relationships with suppliers. We believe our results to date prove that a superior experience for both buyers and suppliers, fueled by the power of marketplace dynamics, can deliver sustainable growth and value. We aim to continue to drive strong growth and expanding Adjusted EBITDA margins (a non-GAAP measure) by consistent execution across our key growth initiatives:

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Expanding our networks of buyers and suppliers. We continue to scale our global buyer and supplier networks, increasing liquidity, improving geographic coverage, and deepening our fulfillment capabilities. This growth enhances our proprietary data flywheel, enabling more accurate pricing, faster matching to the optimal supplier, and more resilient supply chain execution. In 2025, Active Buyers increased 20% to 81,821 driven by strong enterprise growth and efficient corporate marketing initiatives. In 2026, we plan to enhance our customer segmentation efforts, leveraging AI capabilities in our advertising technology stack to increase marketing efficiency through better personalization, targeting and customer engagement. We expect to continue to rapidly expand our global network of active suppliers given significant market fragmentation and our ability to help suppliers grow their manufacturing businesses. In 2025, Active Suppliers increased 17% year-over-year(1) to 4,996 as we focused among other things on adding larger, sophisticated suppliers with advanced certifications to support increasing enterprise growth. Our ability to drive global reach provides increasing flexibility, resilience and lead time advantages for our customers.

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Expanding the Marketplace platform. We are extending the breadth and intelligence of our platform by expanding supported manufacturing capabilities and enhancing digital workflows across the production lifecycle. Our continued investment in AI and infrastructure optimizes dynamic pricing, manufacturability, supplier routing, and fulfillment. Our goal is to be the primary destination for our customers' manufacturing and supply chain needs. We continue to expand the Marketplace selection including new process categories, materials and finishes. In late 2025, we added the ability to auto quote injection molding, one of the largest categories in custom manufacturing.

(1) In 2025, we adjusted the number of our 2024 Active Suppliers to reflect an immaterial correction.

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Driving deeper enterprise engagement. We are establishing Xometry as the core digital infrastructure for custom manufacturing for our large enterprise customers. We aim to reduce institutional friction by embedding our technology directly into customer workflows through tools like Teamspace and ERP integrations. As our platform becomes more embedded in enterprise workflows, it is driving larger, more predictable, multi-year spend. At the top of the enterprise funnel, marketplace accounts with last twelve month spend of at least $50,000 grew by 18% year-over-year to 1,760 in 2025. Our technology initiatives combined with our enterprise sales efforts are powering our land-and-expand success as the number of Accounts with Last Twelve-Months Spend of at least $500,000 increased to over 140 in fiscal year 2025 from over 100 in fiscal year 2024.

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Growing internationally. We believe there is significant opportunity in the global manufacturing ecosystem for a marketplace like Xometry given consistent buyer needs and supplier fragmentation across international markets. We continue to invest and grow our International business primarily driven by expansion in Europe, China and Turkey. We offer localized platforms supporting 18 languages. In 2025, International revenue increased 27% to $113 million, representing 18% of total marketplace revenue.

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Enhancing Services offerings. We offer manufacturers a comprehensive suite of tools—including Thomasnet advertising, financial products like Instant Pay, and Workcenter software that allow us to deepen our supplier relationships and monetize the broader manufacturing ecosystem. Revenue from Services was approximately 8% of our total revenue for the year ended December 31, 2025 with the majority generated from Thomasnet advertising and marketing services. We are investing to restore Thomasnet advertising growth by improving the underlying platform technology. In late 2025, we launched a new dynamic ad-serving technology platform and enhanced search experience to improve buyer and supplier engagement on the Thomasnet platform.

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Capital allocation focused on scaling profitable growth. We are committed to delivering long-term shareholder value through disciplined execution on organic growth and a rigorous capital and resource allocation. Our fiscal year 2025 financial results demonstrate our ability to deliver strong revenue and gross profit growth, operating leverage and increasing adjusted EBITDA margins. We are focused on driving strong free cash flow conversion given our asset light model, with capital expenditures that are predominately capitalized software costs. We are also focused on maintaining a strong balance sheet with approximately $219.1 million in cash and cash equivalents and marketable securities as of December 31, 2025. With the size and complexity of the custom manufacturing industry, we believe there is an opportunity for selected, targeted, tuck-in acquisitions to expand our offerings and geographies including technology and talent.

Key Benefits for Our Buyers

We enable buyers across industries to source a broad array of manufacturing processes to meet their needs. We generate a majority of our revenue from marketplace orders on our platform.

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Instant and Competitive Pricing and Lead Times. Xometry's instant quoting engine represents a shift from the manual, complex and labor-intensive procurement process to a seamless automated, AI-driven, instant and transparent purchase. We create value for buyers through our marketplace which is fueled by the continuous learning of our AI-enabled technology platform. The data generated by platform interactions improves the efficiency of our marketplace pricing and improves lead times for buyers. As our AI technology learns buyer needs and preferences, it becomes more precise and efficient, leading to better pricing and matching which in turn drives greater buyer engagement on the platform.

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Ease of Purchase. We make it easy for buyers to transact on our marketplace by simplifying the procurement process and using e-commerce experience. After a buyer uploads a computer-aided design (“CAD”) file, our platform provides instant access to a wide range of materials, finishes and certifications, with transparent pricing and lead time information. Buyers can also access our e-commerce capabilities through our plug-ins created for various popular 3D CAD programs and punch-out integrations with widely-used ERP and procurement systems.

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Access to a Growing Network of Suppliers. We provide buyers access to a growing global network of suppliers on our platform. Our extensive network alongside a personalized user experience allows buyers to submit projects with unique components and specifications, which we source through our platform to the optimal suppliers. We implement select credentialing and compliance specifications to ensure that we can meet the standards for buyers across a number of industries.

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Broad Suite of Industry-Specific Solutions. We offer a wide range of traditional and emerging manufacturing processes and materials for customized solutions across massive industries including Aerospace, Industrial, Medical Devices, Automotive, Consumer Goods, Defense, Government, Energy, Education and Robotics. The extensibility of our platform allows us to add new processes over time.

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Reliability and Quality. We offer consistently high-quality products and certainty of order fulfillment for buyers. We are further embedding our platform into various buyer workflows by productizing our internal AI and workflow engine. Our enterprise integration supports procurement workflows and part and sourcing requirements. By embedding Xometry intelligence into workflows, we can deliver more reliable and relevant manufacturing solutions for buyers.

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Production Flexibility. We allow buyers to purchase and reorder any number of parts and services, across dozens of manufacturing processes for rapid prototyping, product development and high-volume production. These processes can also be combined with a multitude of finishes available across CNC machining, sheet forming and cutting, tube bending and cutting, molding, casting, extrusion and additive manufacturing along with thousands of raw material and color combinations. Given this ability to provide tailored and scaled solutions, we find that buyers typically expand their use of our marketplace, sourcing a greater number of parts and processes over time.

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Comprehensive, Industry-Relevant Supplier Database. Thomasnet has a comprehensive database of over 500,000 suppliers in North America, allowing buyers to create trustworthy shortlists for their niche sourcing and supply chain needs. For over 125 years, Thomasnet has offered buyers a seamless experience that delivers industry-relevant supplier information. Today’s supplier search results are based on a buyers’ natural language query, and those results can easily be filtered by region, company type, quality certifications, and ownership type.

Key Benefits for Our Suppliers

We empower suppliers to grow their manufacturing businesses and improve machine utilization by providing access to an extensive, diverse base of buyers. We also offer suppliers supporting products and services to meet their unique needs.

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Cost-Efficient, Real-Time New Business Generation. Through our AI-native marketplace, we offer suppliers access to manufacturing opportunities from our large, geographically and industry-diverse buyer base, allowing suppliers to gain new customers without increasing their sales and marketing spend. As our AI technology improves, our ability to generate new business for suppliers increases. Our model is designed to lower customer acquisition costs and improve suppliers’ margins over time. Our suite of services, including our leading Thomasnet platform, helps North American suppliers reach new customers, maximize their digital marketing strategies and grow their businesses.

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Repeat, High-Quality Customers. Following a successful transaction, we initially offer the same supplier the opportunity to accept the next repeat order in order to increase efficiency and reliability. Our ability to attract repeat buyers helps stabilize demand for suppliers so they can operate their businesses more efficiently.

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Operational Excellence. We aim to be a digital one-stop-shop for all workflow solutions for suppliers. We provide order management, shipping and collaboration tools, reducing friction for suppliers and improving overall manufacturing order process efficiency. In 2022, we introduced Workcenter, our partner operating system, which gives suppliers a one-stop view into all of their Xometry and non-Xometry work. A cloud-based manufacturing execution system, Workcenter brings the job board and financial services into one, easy-to-use platform which helps our suppliers digitize their operations so they can work smarter and faster. With Workcenter, shop owners can build and manage workflows for all their projects, including those from non-Xometry customers.

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Financial Stability and Security. Our financial services help suppliers enhance their cash flows. Suppliers can receive accelerated payouts and a seamless digital invoicing process in an industry that frequently still relies on analog payments that are prone to delays. These services help suppliers manage their business more efficiently.

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Advertising and Marketing Solutions Tailored to Industry. Our suite of digital advertising and marketing services provided on Thomasnet helps suppliers grow and efficiently run their business. Thomasnet's search platform attacts the industry-relevant corporate buyers that our suppliers want to work with. We offer suppliers a full slate of digital advertising and marketing services that help them build brand awareness and buyer engagement across organic and paid search, social media and AI-generated search summaries to further grow their businesses.

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Increased Utilization. We are focused on helping suppliers realize their potential by providing manufacturing opportunities that can be procured in a single click. Knowing that there is a reliable way to fill their capacity gives suppliers the confidence they need to invest in new equipment and hire additional employees. The convenience of this automated cycle drives greater order fulfillment and increased utilization across our supplier network.

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Supplier Community. Through our supplier-focused community initiatives, we empower suppliers of a variety of sizes to grow their businesses. Our Community Portal is an active and dedicated place where we can interact with our suppliers to better understand their needs and interests, and give them a platform to support one another. Our suppliers take pride in their craft and often share tips on machining best practices as well as how they leverage Xometry to work best for their shop.

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Competition

The domestic and global on-demand manufacturing industry is localized and highly fragmented. We compete for both buyers and suppliers. We compete with the traditional, analog manner of buying and sourcing of custom manufactured parts. A key component of our competitive strategy and opportunity is to continue to build our brand awareness to drive digitization and further market share gains.

We compete for buyers primarily with local manufacturers who may not be digitally enabled and do not provide online instant quote capabilities and lead times. Our competitors include vertically integrated service bureaus, traditional brokers, the service bureau divisions of the additive original equipment manufacturing companies, independent machine shops and 3D printing service bureaus and digital manufacturing service companies. For buyers, we compete on the basis of competitive pricing, user experience and superior customer service.

For suppliers, we compete with brokers and listing services. Suppliers will pay independent brokers commissions to connect with buyers as well as list their services in offline trade publications and online listing services. We also compete with companies that sell software and services to suppliers, enabling them to sell from their own website or otherwise run their business independently of our platform. We compete for suppliers on the basis of providing real-time access to orders, cash flow stability, global access to customers and services and financial products.

Human Capital

We strive to recruit, develop, and engage diverse, highly talented and driven employees who connect to our mission and model our core values. We believe that our strong, mission-driven culture and our continued investment in our employees’ growth and development are key to our collective success. As of December 31, 2025, we had 1,174 employees.

Xometry Culture and Engagement

Our global team is unified by our mission, and we are passionate about delivering every day for our buyers, suppliers and partners. Our core values, which are rooted in the spirit of entrepreneurism, guide how we connect with our industry, our community and each other. We take pride and celebrate our focus on the customer, whether external or internal, our inclusive collaboration, our desire to deliver exceptional solutions and service, and our creativity and innovation.

All of us at Xometry come to work with one mission in mind, to make the world's manufacturing capacity accessible for all.

Learning and Development

We are committed to cultivating ongoing learning throughout each employee’s unique career journey at Xometry. We strive to continuously develop capabilities across our global teams and to ensure there are plentiful opportunities where our employees can showcase their expanding accomplishments. We seek to ensure our employees have the tools and resources they need to achieve their career goals covering a range of priority topics, through a variety of learning formats, and in close partnership and alignment with leaders.

We believe career growth occurs by building a broad-based portfolio of capabilities and not just in a linear path, and we eagerly encourage and celebrate mobility throughout the organization.

We are committed to growing and empowering communities in our company, our industry, and the neighborhoods in which we live. We know that a diverse and thriving workforce is critical to attract and retain the talent necessary to grow our business. Our success depends on ideas. We can foster more productive ideas if we amplify all voices and provide the tools and resources to those who need them.

Compensation and Benefits

Our compensation philosophy is to promote a pay-for-performance culture to attract, incentivize, and retain talented employees who can develop, implement, and drive long-term value creation strategies. We’ve designed our compensation program so that many of our employees have a component of their compensation that is performance or incentive driven.

We designed our total rewards approach to include a range of offerings to reward, engage and support our employees. This includes market-competitive pay, including equity compensation, along with a comprehensive offering of benefits and programs to support health, mental, social and financial well-being. While the philosophy around our benefits is the same worldwide, specific benefits vary regionally due to local regulations and preferences.

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Social Impact

We take pride in giving back to the communities that have supported us as an organization and as individuals. In addition to our donor advised fund, we also sponsor and encourage our employees to volunteer and/or donate to a variety of charitable organizations, whether to non-profits local to the communities in which we operate, for causes near to our employees’ hearts or as part of our employee resource groups’ missions to advocate, educate and/or support partner non-profit organizations.

Environment

We are committed to making it easy to access manufacturing services while reducing carbon emissions and promoting sustainable energy solutions. We purchase carbon credits to offset 100% of the estimated impact of the shipment of parts, and offer buyers the ability to instantly purchase carbon credits to offset the projected carbon used to make and ship their parts. We also promote technologies like additive manufacturing that reduce the carbon footprint.

Non-Profit Organizations

Xometry is dedicated to funding causes that will drive the future of sustainable manufacturing. We created a donor advised fund (see www.xometry.org, which is part of our company and not a separate entity) to fund nonprofit entities leading the fight against urgent problems such as education and climate change. We have a moral obligation to share some of our good fortune with others and protect our planet for future generations. We integrate this work into our culture and we use our commitment to ideas beyond just building the company to attract, retain and motivate our employees. We do not see this work as a side-project or distraction. To the contrary, it is core to the culture we are building at Xometry and ultimately we believe the support we provide through our donor advised fund makes our business stronger and more successful.

We have embraced the Pledge 1% movement and are committed to donating 1% of our equity over time, to fund and support the operations of the donor advised fund. We initially reserved 402,658 shares of Class A common stock, representing 1% of our fully diluted capitalization as of the date of approval by our board of directors, for issuance over the initial five years for this purpose, in an amount not to exceed 20% of the initial reserve amount per calendar year. Through our donor advised fund, Xometry has pledged more than $900,000 to provide eight scholarships through the 2026 academic year to students enrolled in the Department of Mechanical Engineering at the Howard University College of Engineering and Architecture. Xometry is also providing scholarships for 250 students at community colleges in six manufacturing states: Maryland, Kentucky, Wisconsin, South Carolina, Connecticut and New York.

Government Regulation

Our business activities are subject to various federal, state, local and foreign laws, rules, and regulations. Compliance with these laws, rules, and regulations has not had, and is not expected to have, a material effect on our capital expenditures, results of operations, and competitive position as compared to prior periods. Nevertheless, compliance with existing or future governmental regulations, including, but not limited to, those pertaining to privacy, data protection, taxation, sanctions, tariffs, export and import activities, intellectual property, advertising, environmental, labor and employment, consumer protection and unsolicited email and text messages, and cybersecurity, could have a material impact on our business in subsequent periods. For more information on the potential impacts of government regulations affecting our business, see “Item 1A - Risk Factors.”

Data Privacy and Security Laws

We are subject to numerous data privacy and security obligations in various jurisdictions, including laws, regulations, guidance, industry standards, external and internal privacy and security policies, contractual requirements, and other obligations relating to data privacy and security. Most U.S. states have enacted laws and regulations requiring notification to users when there is a security breach of personal data, or requiring the adoption of certain information security standards that are often vaguely defined and difficult to practically implement. The costs of compliance with these laws and regulations may increase in the future as a result of amendments or changes in interpretation. Furthermore, any failure on our part to comply with these laws and regulations may subject us to significant liabilities.

We are also subject to federal, state, and foreign laws and regulations regarding privacy and protection of data. Numerous U.S. states have enacted comprehensive privacy laws that impose certain obligations on covered businesses, including providing specific disclosures in privacy notices and affording residents with certain rights concerning their personal data. As applicable, such rights may include the right to access, correct or delete certain personal data, and to opt-out of certain data processing activities, such as targeted advertising, profiling and automated decision-making. The exercise of these rights may impact our business and ability to provide our products and services. Any failure by us to comply with these terms or privacy-related laws and regulations could result in proceedings against us by governmental authorities or others. In addition, the interpretation of privacy and data protection laws and regulations and their application to online services are quickly changing, becoming increasingly stringent, and creating regulatory uncertainty. Preparing for and complying with these obligations requires us to devote significant resources, which may necessitate changes to our services, information technologies, systems, and practices and to those of any third parties that process personal data on our behalf.

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In addition, outside the U.S., an increasing number of laws, regulations, and industry standards govern data privacy and security. Complying with these varying domestic and foreign requirements could cause us to incur additional costs and change our business practices. Further, any failure by us to adequately protect our users’ privacy and data could result in a loss of user confidence in our services and ultimately in a loss of users.

Reducing Manufacturing’s Carbon Footprint

We are committed to reducing the manufacturing industry’s overall carbon footprint.

Marketplace customers can calculate the carbon footprint of the different solutions for their manufacturing needs and use that data to make carbon-reducing decisions. In 2022, we integrated Gravity Climate’s API into our marketplace. Gravity Climate’s API calculates carbon emissions estimates for Xometry order requests, using climate science and data related to product material, manufacturing processes, mass, and geography.

We have a carbon offset program, which gives buyers an integrated option to offset up to 100% of the projected carbon footprint of the entire manufacturing process for their orders from raw material extraction and processing, to the transportation of materials and goods along the supply chain, to the energy consumed in fabrication and the operations of the manufacturer. Additionally, we purchase carbon credits to offset 100% of the estimated impact of the shipment of parts to buyers from suppliers. We offer green technologies like additive manufacturing, which help to reduce the carbon footprint of the manufacturing industry globally.

Intellectual Property

Our commercial success depends in part on our ability to obtain, maintain and protect intellectual property and other proprietary rights for our current and future technologies and services. We rely on a combination of patent, trademark, copyright and trade secret laws in the United States and other jurisdictions, as well as license agreements, confidentiality procedures, non-disclosure agreements, and other contractual protections, to establish, maintain and protect our intellectual property and proprietary rights, including our proprietary technology, software, know-how, and brand. However, these laws, agreements, and procedures provide only limited protection.

As of December 31, 2025, we have twelve issued patents and two pending patent applications in the U.S. directed to the use of machine learning for generating fabrication and manufacturing predictions, such as price, manufacturability and suitable materials. We also have a European patent issued in Germany, France, United Kingdom and Turkey directed to similar technologies. Our issued patents in the U.S. will expire between 2036 and 2037, excluding any extension of patent terms that may be available.

As of December 31, 2025, we have approximately 35 registered U.S. trademarks and more than 100 registered foreign trademarks for our name and certain words and phrases that we use in our business. We rely on copyright laws and licenses to use and protect software and certain other elements of our proprietary technologies.

We enter into confidentiality and invention assignment agreements with our employees and consultants and confidentiality agreements with other third parties. We actively monitor access to our proprietary technologies. In addition, we license third-party software, open source software and other technologies that are used in the provision of or incorporated into some elements of our services. Many parts of our business are significantly reliant on proprietary technology and/or licensed technology, including open source software.

Although we take steps to protect our intellectual property and proprietary rights, we cannot be certain that the steps we have taken will be sufficient or effective to prevent the unauthorized access, use, copying or the reverse engineering of our technology and other proprietary information, including by third parties who may use our technology or other proprietary information to develop services that compete with ours. Moreover, others may independently develop technologies or services that are competitive with ours or that infringe on, misappropriate, or otherwise violate our intellectual property and proprietary rights. Policing the unauthorized use of our intellectual property and proprietary rights can be difficult. The enforcement of our intellectual property and proprietary rights also depends on any legal actions we may bring against any such parties being successful, but these actions are costly, time-consuming, and may not be successful, even when our rights have been infringed, misappropriated, or otherwise violated. In addition, aspects of our platform and services include software covered by open source licenses. The terms of various open source licenses have not been interpreted by United States courts, and there is a risk that such licenses could be construed in a manner that imposes unanticipated conditions or restrictions on our services.

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Although we rely on intellectual property and proprietary rights, including patents, trademarks, copyrights and trade secrets, as well as contractual protections, in our business, we also seek to preserve the integrity and confidentiality of our intellectual property and proprietary rights through appropriate technological restrictions, such as physical and electronic security measures.

See the section titled “Risk Factors—Risks Related to Our Business” for a more comprehensive description of risks related to our intellectual property and proprietary rights.

Corporate Information

We were founded in 2013 and incorporated in Delaware on May 29, 2013 under the name NextLine Manufacturing Corp. We changed our name to Xometry, Inc. on June 29, 2015. Our principal executive offices are located at 6116 Executive Boulevard, Suite 800, North Bethesda, MD 20852, and our telephone number is (240) 252-1138. We maintain websites at www.xometry.com and www.thomasnet.com. Information contained in, or accessible through, our website is not a part of this Annual Report on Form 10-K, and the inclusion of our website address in this Annual Report on Form 10-K is only as an inactive textual reference. We make available on our website, free of charge, our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K and any amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. The SEC maintains a website that contains reports, proxy and information statements and other information regarding our filings at www.sec.gov.

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