Xometry announces a public offering of 2.6 million shares at $85 each, aiming to raise approximately $225 million.
Quiver AI Summary
Xometry, Inc. has announced the pricing of a public offering of 2,647,059 shares of its Class A common stock at $85.00 per share, aiming to raise approximately $225.0 million. The underwriters have an option to purchase an additional 397,058 shares. The offering is scheduled to close on June 3, 2026, contingent on standard closing conditions, and the proceeds will be used for working capital and general corporate purposes. J.P. Morgan and Goldman Sachs are leading the underwriting, with other firms also participating. This public offering is made under a shelf registration statement filed with the SEC, and related prospectus documents will be available on the SEC's website. The press release includes forward-looking statements subject to risks and uncertainties and emphasizes that it does not constitute an offer to sell or solicit investments in any jurisdiction where it would be illegal.
Potential Positives
- Xometry has successfully priced a public offering of its Class A common stock, raising approximately $225.0 million, indicating strong market confidence.
- The offering allows Xometry to strengthen its financial position and provide necessary funds for working capital and general corporate purposes.
- The company has granted underwriters a 30-day option to purchase additional shares, which could potentially increase total proceeds from the offering.
- The offering enhances Xometry’s visibility and credibility in the public markets by being managed by prestigious financial institutions like J.P. Morgan and Goldman Sachs.
Potential Negatives
- The public offering of shares may dilute existing shareholders' equity, leading to decreased earnings per share and potentially unfavorable market reactions.
- There is no indication provided regarding how the proceeds will specifically enhance the company's operations or growth, potentially causing investors to question the use of funds.
- The press release includes a significant emphasis on forward-looking statements, which may create investor apprehension regarding the uncertainty of future performance.
FAQ
What is Xometry's recent public offering?
Xometry announced a public offering of 2,647,059 shares of its Class A common stock at $85.00 per share.
How much gross proceeds is Xometry expecting from the offering?
The total gross proceeds from the offering are expected to be approximately $225.0 million.
What will Xometry do with the proceeds from the offering?
Xometry plans to use the net proceeds for working capital and general corporate purposes.
Who are the underwriters for Xometry's offering?
J.P. Morgan, Goldman Sachs & Co. LLC, William Blair, Citizens Capital Markets, and Cantor are involved as underwriters.
Where can I find the prospectus for Xometry's offering?
The prospectus is available for free on the SEC’s website at www.sec.gov and from specific underwriters' contacts.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$XMTR Insider Trading Activity
$XMTR insiders have traded $XMTR stock on the open market 94 times in the past 6 months. Of those trades, 1 have been purchases and 93 have been sales.
Here’s a breakdown of recent trading of $XMTR stock by insiders over the last 6 months:
- RANDOLPH ALTSCHULER (Chief Executive Officer) has made 0 purchases and 21 sales selling 96,754 shares for an estimated $6,766,256.
- SANJEEV SINGH SAHNI (President) has made 0 purchases and 17 sales selling 41,725 shares for an estimated $2,490,429.
- SUBIR DUTT (Chief Sales Officer) has made 0 purchases and 21 sales selling 24,481 shares for an estimated $1,856,705.
- JAMES MILN (Chief Financial Officer) has made 0 purchases and 21 sales selling 36,275 shares for an estimated $1,776,117.
- VAIDYANATHAN RAGHAVAN (Chief Technology Officer) has made 0 purchases and 11 sales selling 10,007 shares for an estimated $513,973.
- EMILY ROLLINS has made 0 purchases and 2 sales selling 1,000 shares for an estimated $61,862.
- KATHARINE WEYMOUTH purchased 1,215 shares for an estimated $49,997
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$XMTR Revenue
$XMTR had revenues of $205.1M in Q1 2026. This is an increase of 35.88% from the same period in the prior year.
You can track XMTR financials on Quiver Quantitative's XMTR stock page.
You can access data on XMTR stock through the Quiver Quantitative API.
$XMTR Hedge Fund Activity
We have seen 131 institutional investors add shares of $XMTR stock to their portfolio, and 159 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRIMECAP MANAGEMENT CO/CA/ added 812,590 shares (+14.3%) to their portfolio in Q1 2026, for an estimated $33,186,175
- PRICE T ROWE ASSOCIATES INC /MD/ removed 810,562 shares (-85.1%) from their portfolio in Q1 2026, for an estimated $33,103,352
- FMR LLC added 542,616 shares (+20.9%) to their portfolio in Q1 2026, for an estimated $22,160,437
- ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC added 492,285 shares (+243.6%) to their portfolio in Q1 2026, for an estimated $20,104,919
- DRIEHAUS CAPITAL MANAGEMENT LLC removed 473,010 shares (-23.8%) from their portfolio in Q1 2026, for an estimated $19,317,728
- MORGAN STANLEY removed 381,457 shares (-77.6%) from their portfolio in Q1 2026, for an estimated $15,578,703
- LORD, ABBETT & CO. LLC removed 350,529 shares (-73.2%) from their portfolio in Q1 2026, for an estimated $14,315,604
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$XMTR Price Targets
Multiple analysts have issued price targets for $XMTR recently. We have seen 6 analysts offer price targets for $XMTR in the last 6 months, with a median target of $73.5.
Here are some recent targets:
- Ronald Josey from Citigroup set a target price of $98.0 on 05/12/2026
- Andrew Boone from Citizens set a target price of $100.0 on 05/08/2026
- Matthew Swanson from RBC Capital set a target price of $85.0 on 05/08/2026
- Troy Jensen from Cantor Fitzgerald set a target price of $62.0 on 04/30/2026
- Scott Devitt from Wedbush set a target price of $60.0 on 02/25/2026
- Joshua Chan from UBS set a target price of $55.0 on 02/25/2026
Full Release
NORTH BETHESDA, Md., June 02, 2026 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global, AI-native marketplace connecting buyers and suppliers of custom manufacturing, today announced the pricing of an underwritten public offering of 2,647,059 shares of its Class A common stock at a price to the public of $85.00 per share for total gross proceeds of approximately $225.0 million. In addition, Xometry has granted the underwriters a 30-day option to purchase up to an additional 397,058 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. All of the shares are being offered by Xometry. The offering is expected to close on June 3, 2026, subject to the satisfaction of customary closing conditions.
Xometry intends to use the net proceeds from the offering for working capital and general corporate purposes.
J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. William Blair, Citizens Capital Markets and Cantor are also acting as book-running managers for the offering. Craig-Hallum is acting as co-manager for the offering.
The offering is being made pursuant to a shelf registration statement on Form S-3, including a base prospectus, that was filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 1, 2026 and became automatically effective upon filing. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC, and a final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available for free on the SEC’s website located at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained, when available from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at [email protected] and [email protected] or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by facsimile (212) 902-9316, or by email at [email protected] .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Xometry
Xometry’s (NASDAQ: XMTR) AI-native marketplace, popular Thomasnet ® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their businesses and streamlines the procurement process for buyers through real-time pricing and lead time data.
Forward-Looking Statements
This press release contains “forward-looking” statements that involve risks and uncertainties, including statements regarding the anticipated closing date of the offering and Xometry’s use of proceeds from the offering. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from Xometry’s plans, including those more fully described in our filings with the Securities and Exchange Commission (“SEC”) from time to time, including Xometry’s Annual Report on Form 10-K for the year ended December 31, 2025. All forward-looking statements in this press release are based on information available to Xometry and assumptions and beliefs as of the date hereof, and Xometry disclaims any obligation to update any forward-looking statements, except as required by law.
Media Contact
Lauran Cacciatori
VP Communications
773-610-0806
[email protected]
Investor Contact
Shawn Milne
VP Investor Relations
240-335-8132
[email protected]