Segments

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segments

(14) Segments

Xometry is organized in two segments referred to as: (1) the U.S. and (2) International. Xometry’s operating segments are also the Company’s reportable segments. Xometry’s reportable segments, whose products and offerings are generally the same, are managed separately based on geography. Xometry’s two segments are defined based on the reporting and review process used by the chief operating decision maker (“CODM”), the Chief Executive Officer. The Company evaluates the performance of the operating segments primarily based on revenue and segment “profits/loss” which is largely the results of the segment before income taxes. The Company has not allocated certain general and administrative expenses to the International segment. The Company’s CODM monitors assets of the consolidated Company, but does not use assets by operating segment when assessing performance or making operating segment resource decisions.

The following tables reflect certain segment information for the three and nine months ended September 30, 2023 and 2022 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Segment Revenue
U.S.	$	103,379	$	94,829	$	292,715	$	258,553
International		15,548		8,742		42,546		24,304
Total	$	118,927	$	103,571	$	335,261	$	282,857

	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Segment Losses
U.S.	$	(7,893	)	$	(10,732	)	$	(43,742	)	$	(36,977	)
International		(4,130	)		(4,305	)		(13,179	)		(14,625	)
Total	$	(12,023	)	$	(15,037	)	$	(56,921	)	$	(51,602	)