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Investor Presentation November 2025
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Safe Harbor This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company’s future results of operations, financial position and cash flows, expectations regarding its growth and margin expansion, including in international markets, ability to achieve and maintain profitability, business strategy, ability to maintain existing, and establish new, strategic partnerships or other arrangements with Buyers or Suppliers on the Company’s platform, the potential for acquisitions, and the Company’s share of the market, the impact of macroeconomic factors, including tariffs, on the Company’s business, the potential market size for the Company’s platform and other solutions and plans and objectives of management for future operations are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond the Company’s control, you should not rely on these forward-looking statements as predictions of future events. Risks regarding the Company's business are described in detail in its Securities and Exchange Commission (SEC) filings, including its Annual Report on Form 10-K for the year ended December 31, 2024, and its other filings with the SEC, including the Company’s Quarterly Report for the quarter ended September 30, 2025. The events and circumstances reflected in the Company’s forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. Except as required by applicable law, the Company does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. This presentation also contains estimates and other statistical data from both independent third parties and the Company relating to market size and growth and other data about the Company’s industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. While the Company believes the estimates and statistical data from these independent third parties are reliable as of the date of this presentation, it has not independently verified, and makes no representation as to the adequacy, fairness, accuracy or completeness of any information obtained from these third parties. Neither the Company nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition, projections, assumptions and estimates of the Company’s future performance and the future performance of the markets in which the Company operates are necessarily subject to a high degree of uncertainty and risk. In light of the foregoing, you are urged not to rely on any forward-looking statement or third-party data in reaching any conclusion or making any investment decision about any securities of the Company. This presentation contains non-GAAP financial measures and key metrics relating to the Company’s past performance. These non-GAAP financial measures are presented in addition to, and not as a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus its nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of the Company’s non-GAAP financial measures as a tool for comparison. The Company has provided a reconciliation of measures to the most directly comparable GAAP measures, which is available in the Appendix. 2
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. On a Mission to Make the World’s Manufacturing Capacity Accessible to All LTM REVENUE LTM ADJ. EBITDA1LTM GROSS PROFIT We are an AI-powered marketplace digitizing custom manufacturing for Buyers and Suppliers $643M $253M $11.2M Note: See the Appendix for reconciliation to the nearest GAAP measures. 1. We define Adjusted EBITDA as net loss, adjusted for interest expense, interest and dividend income and other expenses, income tax (benefit) provision, and certain other non-cash or non-recurring items impacting net loss from time to time, principally comprised of depreciation and amortization, amortization of lease intangible, stock-based compensation, payroll tax expense related to stock-based compensation, lease abandonment, charitable contributions of common stock, income from unconsolidated joint venture, impairment of assets, restructuring charges, costs to exit the tools and materials business, and acquisition and other adjustments not reflective of the Company's ongoing business, such as adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs, and executive severance. 3
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Xometry is transforming manufacturing sourcing, providing Buyers with fast, reliable access to production and Suppliers with the tools & demand they need to succeed. Xometry AI Powered Marketplace Digital procurement Sell capacity digitally SUPPLIERSBUYERS Increase asset utilization and profitability Optimal pricing, selection, and lead time Access to global demand at minimal cost Instant access to supply chain solutions 4
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Investment Highlights 5 A leading digital marketplace for custom manufacturingA Market Leader <1% penetration and long runway for growthLarge TAM Compounding growth in Buyers and Suppliers driving strong revenue and gross profit Compounding Growth Technology & data drive smarter pricing, better matching, and expanding competitive moat AI-powered Marketplace Continued 20%+ incremental Adj EBITDA as we increase efficiency and scale to $1 billion in revenue Increasing Profitability Expanding networks and marketplace platform, deepening enterprise engagement, growing international and enhancing Supplier Services Clear Growth Strategy 5© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary.
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 6 $275B CUSTOM MANUFACTURING $17T GLOBAL MANUFACTURING Our Market Opportunity is Massive $2.9T U.S. MANUFACTURING OUTPUT With <1% Penetration, Our Market Opportunity is Massive Estimates source: National Association of Manufacturers (NAM) Q1 2025, Worldbank.org, Technavio Reports, and internal estimates
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. The Way Manufacturing Gets Sourced is Changing 7 Traditional Manufacturing Xometry Marketplace Static, local Supplier relationships Limited access to capabilities & innovation Fragmented procurement processes Risk concentrated in single-source suppliers AI powered Instant Quoting Access to dynamic, global supplier network Extensible technology platform with expanding selection Enterprise software workflows including Teamspace collaboration and ERP integrations Supply chain resiliency Quoting bottlenecks and delays
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. AI Powers Xometry’s Platforms 8 Networks Data Geography Selection Expanding categories with extensible tech platform Rapidly growing networks of Buyers and Suppliers AI-enabled technology optimizes pricing and matching Broadening global footprint AI-powered marketplace continually improves pricing and selection for Buyers and Suppliers. Expanding Our Competitive Moat © 2025 Xometry and/or its affiliates. All rights reserved. Proprietary.
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AI Fuels Marketplace Gross Margin Expansion AI-powered Marketplace ACTIVE SUPPLIERS2 ACTIVE BUYERS1 MARKETPLACE GROSS MARGIN % +10 PTS SINCE 2020 More quotes and orders matched with more suppliers drives higher gross margin 9© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 1. Active Buyers defined as the number of Buyers who have made at least one purchase on Xometry’s marketplace during the last twelve months. 2. Active Suppliers defined as the Suppliers that have used Xometry’s platform at least once during the last twelve months to manufacture a product.
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Rapid Growth, Digitizing and Transforming Manufacturing Active Buyers1 Marketplace Revenue 63% CAGR Active Suppliers2 45% CAGR 41% CAGR43% CAGR Marketplace Gross Profit 1. Active Buyers defined as the number of Buyers who have made at least one purchase on Xometry’s marketplace during the last twelve months. 2. Active Suppliers defined as the Suppliers that have used Xometry’s platform at least once during the last twelve months to manufacture a product. 10© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary.
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 11 Growing Enterprise Accounts 1. Accounts with Last Twelve-Month, or LTM, Spend of at Least $50,000 defined as an account that has spent at least $50,000 on Xometry’s marketplace during the last twelve months. 2. Enterprise defined as an account with last twelve months spend of at least $500K. Accounts with LTM Spend of at least $50K1 STRENGTH IN LAND AND EXPAND Accounts with LTM spend of at least $50K growing at ~28% CAGR FY21-24 Xometry at “Rocket City”, Huntsville, Alabama EMERGING Accounts with LTM spend of at least $500K in 2024 ➔ >100 Accounts ➔ Grew revenue by >40% ➔ >$10M/annual spend potential ENTERPRISE2 © 2025 Xometry and/or its affiliates. All rights reserved. Proprietary.
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Scaling Enterprise Accounts with Technology Solutions 12 PROFILE SOLUTIONS RESULTS ➔ Streamline production procurement ➔ Processes: CNC, IM, Extrusion ➔ Lifecycle prototype through production ➔ Processes: additive CNC, sheet metal, tube bending ➔ Supply chain management ➔ Processes: IM, stamping, CNC, additive ➔ Quick-turn production ➔ Processes: sheet metal, assembly, finishing ➔ Teamspace ➔ ERP integration ➔ US/Global Supplier network ➔ Teamspace ➔ US Supplier network ➔ Teamspace ➔ ERP integration ➔ US/Global Supplier network ➔ Teamspace ➔ CAD Add-ins ➔ US/Global Supplier network $ in millions CONSUMER COMPANY AEROSPACE COMPANY AUTOMOTIVE COMPANY MEDICAL DEVICE COMPANY +85% CAGR Expanded Buyers > 6X +67% CAGR Expanded Buyers > 3X +97% CAGR Expanded Buyers > 2.5X +125% CAGR Expanded Buyers > 8X
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 13 Strength and Breadth Across Many End Markets Note: FY2024
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary.© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Increasing Value of Cohorts Driven by Land and Expand Strategy Revenue $ in millions for global accounts 14 New Account Cohorts Through 20241 1. The Company defines an “account” as an individual entity, such as a sole proprietor with a single Buyer or corporate entities with multiple Buyers, having purchased at least one part on our marketplace. 2. Excludes ~$16M of sales of masks by one customer in year 1 and ~$4M in year 2. 2
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. LONG-TERM TARGET: International to represent 30-40% of Marketplace revenue Rapidly Growing International Revenue Increasing Percentage of Marketplace Revenue International 2% U.S. 98% 2020 U.S. 82% 2024 15© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Expand platform capabilities and processes International Growth Strategy Penetrate enterprise buyer segments Expand geographies International 18%
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Xometry Supplier Network 16 WORKCENTER Cloud-based platform and mobile app for Suppliers to manage jobs, operations, and cash flow © 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 1. Active Suppliers defined as the Suppliers that have used Xometry’s platform at least once during the last twelve months to manufacture a product. 4K+ ACTIVE SUPPLIERS1 $1B+ REVENUE DELIVERED 50+ COUNTRIES & 4 CONTINENTS Xometry is a horsepower multiplier for our business. Jesse Kleiman Owner of JR Metal Works CERTIFICATIONS ACROSS INDUSTRIES AEROSPACE AS9100 AUTOMOTIVE IATF 16959 CYBERSECURITY CMMC LEVEL DEFENSE ITAR MEDICAL ISO 13485
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17© 2025 Xometry, Inc. and/or its affiliates. All rights reserved. Confidential. Thomas: Leading Marketing and Sourcing Engine for Manufacturers Helping those who build find what they need to scale, compete, and win x 1.4M 3M+ $57M Digital platform for evaluating and sourcing qualified manufacturing suppliers across ~80K categories Full service demand generation and digital marketing solutions for manufacturers, distributors and service providers to grow their businesses BUYERS SUPPLIERS Registered users Industrial products FY24 Revenue for Advertising and Marketing Services 17© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 500K+ Suppliers
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Significant Monetization and Penetration Opportunities ➔ Enhance experience for both Buyers and Suppliers. ➔ Increase Advertiser penetration and engagement on the platform. ➔ Improve platform monetization with dynamic bidding platform. ➔ Drive more value to advertisers through budget setting and return on advertising spend. Thomas Growth Strategy © 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 18 © 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 500K+ Thomas Suppliers ~5K ~1% penetration1 1. 2024 Thomas Paying Suppliers
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Clear Strategy for Growth 19 Further expanding marketplace platform Growing internationally Driving deeper enterprise management Expanding Buyer and Supplier networks Long-Term Margin Outlook Gross Margin Operating Expenses 40 – 45% Adjusted EBITDA Margin1 20 – 30% % of Revenue 15 – 20% 1. We define Adjusted EBITDA as net loss, adjusted for interest expense, interest and dividend income and other expenses, income tax (benefit) provision, and certain other non-cash or non-recurring items impacting net loss from time to time, principally comprised of depreciation and amortization, amortization of lease intangible, stock-based compensation, payroll tax expense related to stock-based compensation, lease abandonment, charitable contributions of common stock, income from unconsolidated joint venture, impairment of assets, restructuring charges, costs to exit the tools and materials business, and acquisition and other adjustments not reflective of the Company's ongoing business, such as adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs, and executive severance. 19© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Note: Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss, the most directly comparable GAAP measure, is not available without unreasonable efforts due to the high variability and complexity and low visibility with respect to certain charges excluded from this non-GAAP measure, including interest and dividend income, benefit for income taxes, charitable contributions of common stock and impairment of assets. Xometry expects the variability of these items could have a significant, and potentially unpredictable, impact on its future GAAP financial results.
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Capital Allocation Strategy Focused on building shareholder value 20 Invest in Organic Growth Maintain Strong Balance Sheet Strategic M&A ➔ Buyer and Supplier networks. ➔ Platform technology and offerings. ➔ International expansion. ➔ $225M in cash and cash equivalents and marketable securities (September 30, 2025). ➔ Asset light model with minimal CAPEX. ➔ Incremental Adj EBITDA of 20%+ to $1BN revenue. ➔ Tuck-in acquisitions to expand offerings and geographies. ➔ Technology and talent. 1 2 3 M&A Guiding Principles Accelerate core marketplace growth and offerings Strong synergies with accretive growth and profitability New capabilities or talent © 2025 Xometry and/or its affiliates. All rights reserved. Proprietary.
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. 21 Appendix
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© 2025 Xometry and/or its affiliates. All rights reserved. Proprietary. Adjusted EBITDA Reconciliation $ in thousands 22 1. Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations. 2. Represents the non-cash expense related to stock-based awards granted to employees, as included in the Company’s GAAP results of operations. 3. In the second quarter of 2024, we changed the definition of Adjusted EBITDA to exclude payroll tax expense related to stock-based compensation. For prior periods, this amount was considered de minimus and, accordingly, we have not adjusted the Adjusted EBITDA amounts for such periods. 4. Amount is recorded in general and administrative. 5. Includes adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs, and executive severance. 6. Costs associated with a reduction in workforce.