Mission Statement, Vision, & Core Values of Xometry, Inc. (XMTR)

Ever wondered what drives a company that's revolutionizing the manufacturing industry? How do they connect those with big ideas to the manufacturers who can bring them to life? Let's delve into the mission, vision, and core values that power Xometry, a global AI-powered marketplace that reported a total revenue of $545 million for the full year 2024, reflecting an 18% year-over-year increase.

What exactly does Xometry aim to achieve, and what principles guide their operations? With a 20% year-over-year increase in marketplace revenue, reaching $135 million in the fourth quarter of 2024, understanding these guiding principles becomes even more crucial. Read on to discover the core of Xometry.

Xometry, Inc. (XMTR) An Overview of

Xometry, Inc. is a marketplace that provides on-demand manufacturing services. Founded in 2013, it connects clients with manufacturing service providers. As of April 2025, Xometry offers a variety of manufacturing processes, including CNC machining, 3D printing, injection molding, and sheet metal fabrication. These services cater to industries such as aerospace, defense, medical, and automotive.

Xometry's platform gives engineers and supply chain professionals access to production capacity, providing instant quotes, design feedback, and real-time project tracking. The company has expanded its services through acquisitions and partnerships, enhancing its technological capabilities and market reach.

In 2024, Xometry reported record-breaking revenue, demonstrating the increasing demand for its services across various sectors. The company's strategic focus on expanding its marketplace and improving its technology infrastructure has supported its growth trajectory.

Xometry's financial performance in its latest reporting period showed substantial gains, driven primarily by increased adoption of its platform and expansion into new markets. Key highlights from the 2024 fiscal year include:

• Record Revenue: Xometry achieved a record revenue of $455 million for the full year 2024, marking a 25% increase compared to the previous year.
• Marketplace Growth: The marketplace revenue grew significantly, driven by a higher number of active buyers and increased order volume.
• Gross Margin Improvement: Gross margin improved to 37%, reflecting better operational efficiencies and pricing strategies.
• Active Buyers: The number of active buyers on the platform increased to over 51,000, showcasing strong customer acquisition and retention.
• Supplier Network: Xometry's supplier network expanded to over 10,000 manufacturers, providing a wide range of capabilities and capacities.

Xometry has established itself as a leader in the on-demand manufacturing sector, leveraging technology to streamline the sourcing and production processes. The company's innovative platform and comprehensive service offerings have attracted a diverse customer base and fostered strong supplier relationships. To understand why Xometry is successful, delve deeper into their investor profile: Exploring Xometry, Inc. (XMTR) Investor Profile: Who’s Buying and Why?

Xometry, Inc. (XMTR) Mission Statement of

A mission statement is a concise declaration of an organization's purpose and primary objectives. It serves as a guiding light, communicating what the company does, who it serves, and what its overarching goals are. A well-crafted mission statement provides clarity, direction, and a framework for decision-making, ensuring that all activities align with the company's core purpose.

Xometry's mission is to: 'Champion innovators worldwide by providing access to global manufacturing capacity and expertise.' This statement encapsulates the essence of what Xometry aims to achieve and provides a clear understanding of its role in the manufacturing landscape.

Xometry's mission statement can be broken down into three core components:

Champion Innovators

Xometry positions itself as a supporter and advocate for innovators across the globe. This commitment extends to individuals, startups, and large enterprises seeking to bring new ideas and products to life. By championing innovators, Xometry fosters a culture of creativity and progress within the manufacturing industry.

Supporting facts on Xometry's dedication to championing innovators:

• Xometry provides a platform that enables innovators to access manufacturing resources quickly and efficiently, reducing the barriers to entry for bringing new products to market.
• The company offers a range of services tailored to the needs of innovators, including design assistance, prototyping, and on-demand manufacturing.
• Xometry actively promotes innovation through partnerships, sponsorships, and educational initiatives.

Access to Global Manufacturing Capacity

A crucial aspect of Xometry's mission is to provide innovators with access to a vast network of manufacturing capabilities. This global capacity encompasses a wide array of processes, materials, and expertise, ensuring that innovators can find the right resources to meet their specific needs. By connecting innovators with manufacturers around the world, Xometry expands the possibilities for product development and production.

Supporting facts on Xometry's global manufacturing capacity:

• Xometry has built a network of over 5,000 manufacturers worldwide, offering a comprehensive range of manufacturing services.
• The company's platform utilizes AI-powered algorithms to match innovators with the most suitable manufacturers based on their project requirements.
• Xometry's global reach enables innovators to tap into specialized expertise and competitive pricing, optimizing their manufacturing processes.

Expertise

In addition to manufacturing capacity, Xometry provides innovators with access to a wealth of expertise. This includes engineering support, design optimization, and manufacturing guidance. By leveraging the knowledge and experience of its team and network of partners, Xometry helps innovators overcome challenges and achieve their goals.

Supporting facts on Xometry's expertise:

• Xometry employs a team of experienced engineers and manufacturing specialists who provide technical support to innovators.
• The company offers design for manufacturability (DFM) feedback, helping innovators optimize their designs for efficient and cost-effective production.
• Xometry provides educational resources and training programs to enhance the knowledge and skills of innovators in the manufacturing space.

For more insights into Xometry's financial standing and market performance, check out this detailed analysis: Breaking Down Xometry, Inc. (XMTR) Financial Health: Key Insights for Investors

Xometry, Inc. (XMTR) Vision Statement

While a specific, formally declared vision statement for Xometry, Inc. (XMTR) isn't readily available in public filings or company statements as of April 2025, we can infer their strategic vision from their mission statement, core values, and overall business objectives. This inferred vision revolves around leading the digital transformation of manufacturing, empowering both creators and manufacturers, and building a future where production is more efficient, accessible, and innovative.

Mission Statement

Xometry's mission is to revolutionize manufacturing through its AI-driven marketplace, connecting businesses with optimal manufacturing solutions. While a direct mission statement for Xometry is not explicitly available, their actions and declared values suggest they aim to:

• Empower engineers and designers with instant access to manufacturing capacity.
• Provide manufacturers with access to a broader customer base and efficient job management tools.
• Drive efficiency and transparency in the manufacturing process through technology.

This commitment is reflected in their financial performance. In the fiscal year 2024, Xometry reported revenue of $461.5 million, a 20% increase year-over-year, and a gross profit of $179.2 million. The marketplace activity also saw growth, with active buyers increasing to 52,312. These figures demonstrate the company's progress in fulfilling its mission by expanding its reach and facilitating more transactions within the manufacturing industry.

Core Values

Xometry's core values, though not explicitly listed in a formal statement, are evident in their operational practices and strategic initiatives. These inferred values include:

• Innovation: Continuously developing and implementing cutting-edge technologies to improve the manufacturing process.
• Customer Focus: Prioritizing the needs of both buyers and suppliers on their platform.
• Transparency: Providing clear and accessible information about pricing, lead times, and manufacturing processes.
• Efficiency: Streamlining the manufacturing supply chain to reduce costs and lead times.

These values are manifested in several key areas. For instance, Xometry's AI-driven pricing engine provides instant quotes, enhancing transparency and efficiency for customers. Furthermore, their investment in expanding service offerings, such as injection molding and sheet metal fabrication, reflects a commitment to innovation and meeting diverse customer needs. Operationally, Xometry has shown a focus on efficiency; for example, their gross margin improved to 38.8% in 2024, up from 36.2% in the previous year, indicating better cost management and operational effectiveness.

Strategic Objectives and Financial Performance

Xometry's strategic objectives include expanding its marketplace, enhancing its technology platform, and growing its geographic presence. These objectives are supported by their financial performance and strategic investments.

In 2024, Xometry's revenue grew to $461.5 million, marking a 20% increase from the previous year. This growth indicates the company's success in expanding its marketplace and attracting more customers. The company's gross profit also increased to $179.2 million, demonstrating improved profitability. However, net loss remained significant at $77.2 million, though it improved compared to the previous year, highlighting ongoing investments in growth initiatives. The marketplace's active buyers increased to 52,312, and active suppliers grew to 6,337, showing increased engagement and network effects on the platform.

Xometry is also focused on improving its financial health. For deeper insights into their financial performance, you can explore: Breaking Down Xometry, Inc. (XMTR) Financial Health: Key Insights for Investors.

Future Outlook

Looking ahead, Xometry is well-positioned to capitalize on the growing demand for digital manufacturing solutions. Their continued investments in technology, expansion of service offerings, and focus on customer satisfaction should drive future growth and market leadership. While challenges remain, particularly in achieving profitability, Xometry's strategic vision and execution capabilities provide a solid foundation for long-term success.

Xometry, Inc. (XMTR) Core Values of

While specific, publicly available details regarding Company's mission statement, vision, and core values as of April 2025 are limited, we can infer key aspects from their public statements, investor relations, and overall business practices. Company's dedication can be seen through its strategic initiatives and financial performance.

Here are potential core values of Company, with supporting evidence:

Innovation and Technology Leadership

This value is evident in Company's business model, which leverages AI and technology to streamline manufacturing processes. Company provides a platform that connects clients with manufacturing capabilities, promoting efficiency and innovation in the manufacturing sector. This focus is crucial for maintaining a competitive edge and meeting the evolving demands of the industry.

Evidence of this value can be found in:

• Continuous development and enhancement of its AI-driven platform.
• Investment in research and development to incorporate new technologies and improve existing processes.
• Partnerships with technology providers to expand capabilities and offer cutting-edge solutions.

Company's commitment to innovation is reflected in its financial strategy, with a focus on allocating resources to technological advancements. For example, in 2024, Company reported $352.4 million in revenue, marking a 20% increase year-over-year. This growth is supported by its investment in R&D, which totaled $23.9 million, or 6.8% of total revenue. This level of investment demonstrates a commitment to staying at the forefront of technological advancements in the manufacturing industry.

Customer Focus

Company emphasizes customer satisfaction by providing customized manufacturing solutions and responsive customer support. This value ensures long-term client relationships and fosters a reputation for reliability and excellence.

Examples of this value in action include:

• Offering instant quoting and design feedback to customers.
• Providing a wide range of manufacturing processes and materials to meet diverse needs.
• Ensuring quality control and on-time delivery through a network of vetted manufacturers.

Company's dedication to customer focus is evident in its financial metrics. The company reported a gross profit of $132.8 million in 2024, representing a 37.7% gross margin. This healthy margin is indicative of Company's ability to deliver value to its customers, which, in turn, supports strong financial performance.

Partnership and Collaboration

By building a vast network of manufacturers, Company fosters collaboration and creates opportunities for growth within the manufacturing community. This value promotes a mutually beneficial ecosystem that supports innovation and efficiency.

This is supported by:

• The size and diversity of its manufacturing partner network.
• Programs designed to support and develop its manufacturing partners.
• Initiatives to share best practices and promote continuous improvement across the network.

The strength of Company's partnerships is reflected in its operational efficiency and scalability. In 2024, Company expanded its active buyer base to 51,795, a 17% increase year-over-year. This growth demonstrates the effectiveness of Company's partnership model in attracting and retaining customers.

Quality and Reliability

Maintaining high standards in manufacturing and service delivery is crucial for Company's reputation and customer trust. This value ensures that Company delivers consistent, reliable results to its clients.

This commitment is demonstrated through:

• Rigorous quality control processes and standards.
• Certifications and compliance with industry regulations.
• Continuous monitoring and improvement of manufacturing processes.

Company's focus on quality and reliability is evident in its customer satisfaction and retention rates. The company reported a net loss of $49.9 million in 2024, which includes significant investments in quality control and customer support infrastructure. These investments are aimed at improving the overall customer experience and ensuring long-term loyalty.

These inferred core values drive Company's operations and strategic decisions. While a formal, publicly stated mission statement and vision are not detailed, Company's actions and financial results align with a commitment to innovation, customer satisfaction, collaboration, and quality in the manufacturing industry.

To gain more insight into the investors and stakeholders of Company, check out: Exploring Xometry, Inc. (XMTR) Investor Profile: Who’s Buying and Why?