Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionXometry Inc. Class A Common Stock (XMTR)
Fair value
Not available
ACCE price target
$97.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Price used: $88.88 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
51
out of 100
Analysts
75% buy
12 covering
1-year return
+76.9%
Dividend yield
0.00%
Xometry Inc. Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Xometry runs an online marketplace that matches buyers of custom-manufactured parts (CNC machining, sheet metal, injection molding, 3D printing) with a network of independent suppliers, and it takes a commission on each order. The moat is the supplier network and the quoting software that prices and routes jobs in seconds, which lets it handle a much wider range of part types than a single job shop can. Revenue grew 41.1% over the period in the data, and gross margin sits at 38.7%, so the model is scaling without the margin collapse that usually comes with marketplace growth. The stock trades at a forward P/E of 94.3 with operating margin still at -2.4%, so the thesis rests on operating leverage arriving as revenue compounds. Reported ROE is -7.1%, which tells you the profit inflection has not yet shown up in the bottom line, and the valuation leaves little room for it to be late. Worth a deeper look if you believe the marketplace take rate holds as the supplier base widens; the scorecard at 51/100 suggests the market is not yet paying for that.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Cash burn despite revenue growth
Free cash flow is -$24.1M while revenue grew 41.1% YoY. Operating margin is still -2.4%, so growth is not yet converting to cash.
moderate
Leverage on thin equity
Debt/Equity of 1.27 combined with negative ROE of -7.1% means the balance sheet carries meaningful debt against a small equity cushion while the company is cash-flow negative.
moderate
Valuation rests on future earnings
Forward P/E of 94.3 and P/S of 6.5 with a negative EV/EBITDA of -13.1 mean the price depends on margin expansion that has not yet shown up. The stock trades 8.4% below the ACCE price target of $97.00, which is not a margin of safety.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 41.1% year over year, well ahead of its 37.2% average annual pace over five years.
Analysts are bullish, with 9 of 12 rating the stock Buy or Strong Buy, and their mean price target sits 23.3% above the current share price.
The latest quarter beat expectations, with earnings per share of -0.05 against -0.08 expected, a 37.5% surprise.
Why it could disappoint
Free cash flow over the last 12 months was negative at -$24M, so the business is still consuming cash.
At a forward P/E of 94.3x, the shares price in a lot of future growth that the company has not yet delivered profits for.
Debt to equity of 1.27 and a 3.5% rise in diluted share count leave shareholders with a thinner slice of the company.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where XMTR's valuation models land
Price
$88.88
Model fair valueConfidence: low
about $72.62
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Fair value
Upside
Analyst consensus
Sales comps
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