Xometry, Inc. shares (NASDAQ: XMTR) were among the notable U.S. gainers on Wednesday, December 17, 2025, extending a strong run that has increasingly put the AI-powered manufacturing marketplace back on traders’ radar. As of the latest available quote, XMTR traded around $64.66, up about 6% on the day versus the prior close of $60.91.
That upside stood out against a softer broader tape at the time, with major U.S. benchmarks showing declines while XMTR appeared on “top gainers” lists—an early signal that the day’s move was being driven more by company-specific positioning and continued “earnings digestion” than by index-level tailwinds. [1]
What’s driving Xometry stock today
Today’s market coverage largely converged on a familiar catalyst: investors and analysts are still reacting to Xometry’s recent earnings trajectory—strong revenue growth and improving adjusted profitability metrics—while weighing the company’s ongoing GAAP losses. A TipRanks breaking-news item described the stock’s unusual volatility as being tied to the latest earnings report narrative: higher revenue, but also continued concerns around profitability, even as analysts lifted targets in a “measured optimism” stance. [2]
Meanwhile, MarketBeat’s trading note captured the near-term setup that helped feed the move: XMTR jumped roughly 6% during Tuesday’s session, with the stock moving above the low-$60 range as investors revisited the post-earnings outlook and a cluster of higher price targets published earlier in November. [3]
The immediate headline: a sharp two-day push into the mid-$60s
From a pure tape-reading standpoint, the story is straightforward: XMTR has been pushing higher on renewed attention. MarketBeat reported that on Tuesday the stock surged to roughly $61.59 intraday after closing the prior session near $58.13, though the article also noted trading volume in that mid-day window was below the stock’s average. [4]
By Wednesday morning/early afternoon (depending on data source timing), XMTR showed up again on “gainers” screens with a market cap around $3.1 billion and a mid-$60s share price, reinforcing that this wasn’t a one-candle move. [5]
Fundamentals check: what Xometry actually reported in Q3 2025
To understand why the stock can move sharply even without a brand-new press release on December 17, it helps to go back to the last major fundamental anchor: Xometry’s third-quarter 2025 results (quarter ended September 30, 2025), filed via an 8-K exhibit.
In that earnings release, Xometry reported:
- Revenue of $180.715 million, up 28% year over year
- Marketplace revenue of $166.592 million, up 31% year over year
- Gross profit of $72.029 million, up 29% year over year
- Marketplace gross margin of 35.7% (described as a record)
- Net loss attributable to common stockholders of $11.597 million
- Adjusted EBITDA of $6.142 million, improving substantially from the prior year period
- Cash, cash equivalents, and marketable securities of $225 million (as of Sept. 30, 2025) [6]
This mix—fast top-line expansion and improving adjusted profitability, but still negative GAAP earnings—is exactly the type of setup that can fuel “risk-on” bursts in growth equities when sentiment turns.
Guidance: the forecast Xometry itself put on the table
Just as important for XMTR’s valuation debate is what management projected next. In that same filing, Xometry raised guidance and laid out targets for both Q4 and the full year:
- Q4 2025 revenue forecast: $182–$184 million (23–24% YoY growth)
- Q4 2025 adjusted EBITDA forecast: $6–$7 million
- FY 2025 revenue forecast: $676–$678 million (raised)
- FY 2025 adjusted EBITDA forecast: $16–$17 million (raised) [7]
For investors, those ranges matter because they frame the “path to scale” argument: if revenue keeps compounding at a 20%+ rate while adjusted EBITDA holds positive and expands, the market often starts paying more attention to operating leverage—even before GAAP profitability arrives.
Analyst forecasts and price targets: optimism, but not unanimous conviction
One reason XMTR keeps surfacing in daily movers is that the analyst target landscape shifted meaningfully after Q3.
MarketBeat summarized a cluster of target changes published in early November, including:
- Citizens JMP raising its target to $75 (market outperform)
- JMP Securities setting a $75 target
- JPMorgan raising its target to $70 (overweight)
- Goldman Sachs lifting its target to $56 (neutral)
- Citigroup reiterating outperform [8]
But the broader takeaway is more mixed than “Wall Street turns bullish.” MarketBeat’s consensus snapshot described a distribution of ratings—Buys, Holds, and at least one Sell—with an average target price around $57.89 in its dataset. [9]
Other aggregations can differ based on coverage universe and timing. MarketWatch’s analyst estimates snippet, for example, indicated an average target price of 65.44 with an “Overweight” average recommendation and 10 ratings listed. [10]
It’s worth noting what this spread implies for XMTR stock today:
- Bull case (higher targets): marketplace growth + operating leverage can support premium valuation
- Base case (holds/neutral): good business, but valuation and profitability timing remain debated
- Bear case: continued GAAP losses and macro sensitivity could re-rate the stock lower
Strategic outlook: why investors keep returning to the “AI-powered marketplace” narrative
Beyond quarter-to-quarter numbers, Xometry continues to position itself as a digitization layer for custom manufacturing procurement—something closer to a “marketplace + data + workflow” platform than a traditional industrial supplier.
A conference transcript published in November highlighted management’s emphasis on:
- aiming for at least 20% growth in 2026 (as discussed at the event)
- gross margin progress, including the 35.7% figure
- international expansion (described as having reached a $120 million run rate)
- deeper enterprise penetration via tools like Teamspace and procurement integrations [11]
Whether investors accept that narrative at a given price is another matter—but it helps explain why XMTR can move quickly when momentum returns: the story sits at the intersection of AI, supply-chain resiliency, and enterprise procurement modernization.
Near-term calendar: what to watch next for XMTR
Even though today’s headlines are dominated by price action, the next “hard catalyst” typically comes from earnings.
- TipRanks listed Xometry’s next earnings release around March 4, 2026 (after close, confirmed). [12]
- Zacks’ earnings calendar page referenced a consensus estimate of $0.12 EPS for the quarter ending December 2025. [13]
Those expectations matter because XMTR’s current debate is less about whether revenue is growing (it is) and more about how quickly margins scale and whether profitability improvements prove durable.
Technical and positioning backdrop: key price levels traders are watching
The past two sessions created clear reference points.
- The Wall Street Journal’s quote page showed XMTR closing December 16, 2025 at $60.91. [14]
- Yahoo Finance’s historical pricing snippet for December 16 showed an intraday range with a low near $58.03 and a high around $61.78. [15]
With XMTR trading in the mid-$60s on December 17, the market has effectively moved above that prior-day high zone—often a level technicians treat as near-term resistance-turned-support if momentum holds.
Risks that still matter: profitability, macro sensitivity, and short interest
It’s also important to be clear about what hasn’t changed, even on a big up day.
- Xometry remains unprofitable on a GAAP basis. MarketBeat explicitly flagged negative net margins and the fact that the company is still “unprofitable,” even as growth and adjusted EBITDA improve. [16]
- Industrial demand can be cyclical. Management has previously discussed macro headwinds in manufacturing alongside share-gain dynamics—an argument investors will want to stress test if the economic backdrop weakens. [17]
- Short interest is meaningful. As of the latest reported record date shown by MarketBeat (Nov. 28, 2025), Xometry had about 5.18 million shares sold short, roughly 11.19% of the float, with an estimated 8.3 days to cover. [18]
That doesn’t guarantee a “short squeeze,” but it can amplify moves when buying pressure increases.
Bottom line for December 17 2025
As of December 17, 2025, the Xometry stock story is being driven by a combination of:
- momentum trading and “top gainer” visibility
- continued investor focus on Q3 strength and raised FY 2025 guidance
- a still-active debate around valuation vs. profitability timing, reflected in a wide range of analyst targets [19]
For investors following XMTR into year-end and early 2026, the key question isn’t whether Xometry can grow—recent filings show it can—but whether it can keep converting that growth into a consistently improving earnings profile as it scales.
References
1. www.tipranks.com, 2. www.tipranks.com, 3. www.marketbeat.com, 4. www.marketbeat.com, 5. www.tipranks.com, 6. www.sec.gov, 7. www.sec.gov, 8. www.marketbeat.com, 9. www.marketbeat.com, 10. www.marketwatch.com, 11. www.investing.com, 12. www.tipranks.com, 13. www.zacks.com, 14. www.wsj.com, 15. finance.yahoo.com, 16. www.marketbeat.com, 17. www.investing.com, 18. www.marketbeat.com, 19. www.sec.gov
