Xometry is an online marketplace used by manufacturers to buy and sell manufacturing products and services. From 2020 to 2023, their annual revenue increased significantly in the United States and abroad. The vast majority of the company's annual revenue came from the United States, where it surpassed 403 million U.S. dollars in 2023.
Revenue growth catalyst
The growth in revenue experienced by Xometry can be attributed largely to the steady growing number of active buyers using the online marketplace. From the fourth quarter of 2020 to the fourth quarter of 2021, the number of active buyers increased by nearly 50 percent.
Funding and capital raised
When looking at the top business-to-business (B2B) marketplace startups in the United States in terms of capital raised, Xometry breaks the top five quite easily. Furthermore, as of February 2021, Xometry had received over 185 million U.S. dollars in equity funding, making it one of the most well-funded tech startups in the country.
Annual revenue of Xometry marketplace from 2020 to 2023, by region
(in 1,000s U.S. dollars)
Xometry is organized in two segments referred to as: (1) the U.S. and (2) International (formerly referred to as Europe). Xometry's operating segments are also the company's reportable segments. These segments, whose products and services are generally the same, are managed separately based on geography.
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Xometry. (February 9, 2024). Annual revenue of Xometry marketplace from 2020 to 2023, by region (in 1,000s U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1300412/annual-revenue-xometry-marketplace-by-region/
Xometry. "Annual revenue of Xometry marketplace from 2020 to 2023, by region (in 1,000s U.S. dollars)." Chart. February 9, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1300412/annual-revenue-xometry-marketplace-by-region/
Xometry. (2024). Annual revenue of Xometry marketplace from 2020 to 2023, by region (in 1,000s U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1300412/annual-revenue-xometry-marketplace-by-region/
Xometry. "Annual Revenue of Xometry Marketplace from 2020 to 2023, by Region (in 1,000s U.S. Dollars)." Statista, Statista Inc., 9 Feb 2024, https://www.statista.com/statistics/1300412/annual-revenue-xometry-marketplace-by-region/
Xometry, Annual revenue of Xometry marketplace from 2020 to 2023, by region (in 1,000s U.S. dollars) Statista, https://www.statista.com/statistics/1300412/annual-revenue-xometry-marketplace-by-region/ (last visited December 30, 2024)
Annual revenue of Xometry marketplace from 2020 to 2023, by region (in 1,000s U.S. dollars) [Graph], Xometry, February 9, 2024. [Online]. Available: https://www.statista.com/statistics/1300412/annual-revenue-xometry-marketplace-by-region/
