Xometry
XMTR on Nasdaq. Xometry sells custom-made parts from a network of manufacturers to engineers and companies. Market value $1.5bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-0.39 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 40 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$110.66 a share, 209% above its 1-year low
Over the past year the price has ranged from $35.86 to $112.94.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $218m | $381m | $463m | $546m | $687m |
| Operating margin | |||||
| Operating margin | -26.9% | -20.2% | -15.9% | -10.3% | -6.6% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.04bn | 0.05bn | 0.05bn | 0.05bn | n/a |
Health checks
- Free cash flow positive0 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)3 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsStrong, 33.2% a year
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $229 million last quarter, up 41% on a year ago.
- A loss of $5 million, compared with a loss of $26 million a year ago.
- It loses 4 cents on each $1 of sales, compared with 8 cents a year earlier.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $142m |
| December 2024 | $149m |
| March 2025 | $151m |
| June 2025 | $163m |
| September 2025 | $181m |
| December 2025 | $192m |
| March 2026 | $205m |
| June 2026 | $229m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$10m |
| December 2024 | -$10m |
| March 2025 | -$15m |
| June 2025 | -$26m |
| September 2025 | -$12m |
| December 2025 | -$9m |
| March 2026 | -$5m |
| June 2026 | -$5m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 24 February 2026
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
None of the long-term investors we follow own it. 293 funds in all.
Sold out this quarter
- Polen CapitalDan DavidowitzSold out
Largest holders overall
- Primecap Management$641mAdded
- FMR$378mAdded
- BlackRock$370mAdded
- Eventide Asset Management$208mCut
- Vanguard Capital Management$198mAdded
- Vanguard Portfolio Management$197mAdded
- Hood River Capital Management$192mAdded
- Driehaus Capital Management$171mAdded
- First Trust Advisors LP$168mAdded
- Fuller & Thaler Asset Management$138mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- PRIMECAP MANAGEMENT CO/CA/Passive investor12.9%+1.5 ptsSince 31 March 2026
- FMR LLCPassive investorat least 7.4%+2.0 pts(filed with 1 related holder)Since 30 June 2026
- Eventide Asset Management, LLCPassive investorat least 4.0%−2.7 pts(filed with 2 related holders)Since 30 June 2026
- Brown Capital Management, LLCPassive investorSold down below 5%Since 30 September 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
PRIMECAP MANAGEMENT CO/CA/ Passive investor | 12.9%+1.5 pts | 31 March 2026 | |
FMR LLC Passive investor | at least 7.4%+2.0 pts (filed with 1 related holder) | 30 June 2026 | |
Eventide Asset Management, LLC Passive investor | at least 4.0%−2.7 pts (filed with 2 related holders) | 30 June 2026 | |
Brown Capital Management, LLC Passive investor | Sold down below 5% | 30 September 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $4m of shares on the open market. 8 sold $22m, $15m of it under preset trading plans.
- Raghavan VaidyanathanChief Technology OfficerSoldunder a preset trading plan
- Date
- 2 October 2026
- Shares
- 1,866
- Price
- $103.28
- Value
- $192,725
- Sahni Sanjeev SinghChief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 2 October 2026
- Shares
- 1,112
- Price
- $103.28
- Value
- $114,851
- Altschuler RandolphDirectorSoldunder a preset trading plan
- Date
- 2 October 2026
- Shares
- 5,721
- Price
- $103.32
- Value
- $591,100
- Altschuler RandolphDirectorSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 10,000
- Price
- $104.04
- Value
- $1m
- Sahni Sanjeev SinghChief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 14 September 2026
- Shares
- 1,500
- Price
- $85.23
- Value
- $127,838
- Altschuler RandolphDirectorSoldunder a preset trading plan
- Date
- 1 September 2026
- Shares
- 10,000
- Price
- $90.82
- Value
- $908,217
- Weymouth KatharineDirectorSold
- Date
- 31 August 2026
- Shares
- 5,000
- Price
- $95.23
- Value
- $476,150
- Weymouth KatharineDirectorSold
- Date
- 28 August 2026
- Shares
- 5,000
- Price
- $94.30
- Value
- $471,519
- Raghavan VaidyanathanChief Technology OfficerSold
- Date
- 27 August 2026
- Shares
- 5,000
- Price
- $96.77
- Value
- $483,825
- Rollins EmilyDirectorSoldunder a preset trading plan
- Date
- 19 August 2026
- Shares
- 5,000
- Price
- $84.31
- Value
- $421,528
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 2 October 2026 | Raghavan Vaidyanathan Chief Technology Officer | Sold under a preset trading plan | 1,866 | $103.28 | $192,725 |
| 2 October 2026 | Sahni Sanjeev Singh Chief Executive Officer, Director | Sold under a preset trading plan | 1,112 | $103.28 | $114,851 |
| 2 October 2026 | Altschuler Randolph Director | Sold under a preset trading plan | 5,721 | $103.32 | $591,100 |
| 1 October 2026 | Altschuler Randolph Director | Sold under a preset trading plan | 10,000 | $104.04 | $1m |
| 14 September 2026 | Sahni Sanjeev Singh Chief Executive Officer, Director | Sold under a preset trading plan | 1,500 | $85.23 | $127,838 |
| 1 September 2026 | Altschuler Randolph Director | Sold under a preset trading plan | 10,000 | $90.82 | $908,217 |
| 31 August 2026 | Weymouth Katharine Director | Sold | 5,000 | $95.23 | $476,150 |
| 28 August 2026 | Weymouth Katharine Director | Sold | 5,000 | $94.30 | $471,519 |
| 27 August 2026 | Raghavan Vaidyanathan Chief Technology Officer | Sold | 5,000 | $96.77 | $483,825 |
| 19 August 2026 | Rollins Emily Director | Sold under a preset trading plan | 5,000 | $84.31 | $421,528 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.