Xometry Inc. Class A Common Stock (XMTR)

FairStock Score: 28/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses, consistent earning power, and a margin of safety. Xometry's marketplace uses AI to connect buyers of custom-manufactured parts with suppliers, which could create network effects as it scales. The growth is real: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $229.3M, up from $162.5M in fiscal Q2 2025, and the net loss narrowed to $5.3M from $26.4M. But the long record is still unprofitable. FY2025 revenue was $686.6M with a net loss of $61.7M; FY2024 revenue was $545.5M with a net loss of $50.4M; FY2023 revenue was $463.4M with a net loss of $67.5M. The provided Lynch category is none because it lost money in each of the last four years. Trailing free cash flow is -$13.9M, and the FCF yield is -0.6%. FairStock's ROE is -7.10% and ROCE is -2.21%. The balance sheet is not alarming—D/E 0.57 and Altman Z-Score 3.24—but Piotroski is only 5/9. At the 2026-10-13 close of $107.90, market cap is $2.4B, FairStock P/B is 19.98, and P/E is -179.83. Paying about 20 times book for negative returns demands future profits that are not yet demonstrated. FairStock Score 28/100 tells me this is not a Graham-style bargain. I would need consistent positive cash earnings and a more sensible price before calling it a Buffett-quality business.

In plain English: Xometry runs an online marketplace that uses AI to match buyers who need custom manufactured parts with suppliers. Revenue is growing quickly, but the company still loses money and burns cash. At $107.90 a share, the market price looks expensive compared with the company's current profits and net worth.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer