XMTR Xometry, Inc.
Price Chart
Executive Summary
Xometry priced a follow-on offering of 2,647,059 shares of Class A common stock at $85.00 per share, raising approximately $215.2 million in net proceeds. The offering represents a ~10.8% discount to the prior close of $95.29 and will increase the share count by ~5.2%. Proceeds are earmarked for working capital, debt repayment, capex, and potential M&A.
Actionable Insight
The discounted follow-on offering creates near-term selling pressure as the market absorbs ~5.2% new shares. Watch for the greenshoe exercise and any use-of-proceeds announcements for M&A. The 45-day lock-up expiration could add further supply. Consider the stock's recent strong run (+95.8% in the prior settled report) and the calibration data showing score-6 filings have only a 30% observed win rate at T+20 — this offering may be a de-risking event for existing holders.
Key Facts
- 2,647,059 shares offered at $85.00 per share, an ~10.8% discount to the $95.29 prior close
- Net proceeds of ~$215.2 million ($247.6 million if underwriters exercise the 397,058-share greenshoe in full)
- Post-offering shares outstanding: 53,412,278 (53,809,336 with full greenshoe), a ~5.2% increase from 50,765,219
- Historical net tangible book value was negative $(8.1) million ($(0.16)/share); after offering, as-adjusted net tangible book value is ~$207.0 million ($3.77/share)
- New investors face immediate dilution of $81.23 per share from the $85.00 offering price
- Underwriters have a 30-day option for an additional 397,058 shares; 45-day lock-up on insiders
- One director indicated interest in purchasing up to $5.0 million of the offering
- Proceeds intended for working capital, debt repayment, capex, and acquisitions
Financial Impact
~$215.2M net proceeds raised via ~5.2% dilution at a ~10.8% discount to market; immediate per-share dilution of $81.23 for new investors
Risk Factors
- Immediate dilution of $81.23 per share for new investors
- Potential additional dilution from greenshoe (397,058 shares) and future equity issuances
- Broad discretion in use of proceeds may lead to value-destructive M&A or capex
- 45-day lock-up expiration could trigger further insider selling
- Stock has already appreciated significantly (+95.8% in the prior settled report), increasing vulnerability to profit-taking
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001193125-26-253902 |
| Document: d137218dexfilingfees.htm | 0001193125-26-253902 |
| Document: 0001193125-26-253902-index-headers.html | 0001193125-26-253902 |
| Document: 0001193125-26-253902-index.html | 0001193125-26-253902 |
| Document: 0001193125-26-253902.txt | 0001193125-26-253902 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $85.32 awaiting T+1 | awaiting T+1 | — | $86.99 (+1.96%) |
|
Jun 3, 2026
11d ago
|
Insider Cluster
| $82.70 $80.66 | ▲ +2.47% | ▼ −0.11% | $86.99 (−5.19%) |
|
Jun 2, 2026
12d ago
|
424B5
| $82.25 $82.70 | ▼ −0.55% | ▼ −0.15% | $86.99 (−5.76%) |
|
Jun 2, 2026
12d ago
|
8-K
| $82.25 $82.70 | ▼ −0.55% | ▼ −0.15% | $86.99 (−5.76%) |
|
Jun 2, 2026
13d ago
|
Press Release
| $85.00 $82.25 | ▲ +3.24% | ▲ +2.51% | $86.99 (−2.34%) |
|
Jun 1, 2026
13d ago
|
424B5
| $85.00 $82.25 | ▲ +3.24% | ▲ +2.51% | $86.99 (−2.34%) |
|
May 28, 2026
17d ago
|
Insider Cluster
| $95.29 $95.25 | ▼ −0.04% | ▼ −0.30% | $86.99 (−8.71%) |
|
May 22, 2026
23d ago
|
Insider Cluster
| $92.64 $94.56 | ▲ +2.07% | ▲ +2.06% | $86.99 (−6.10%) |
|
May 20, 2026
25d ago
|
Insider Cluster
| $86.89 $89.21 | ▲ +2.67% | ▲ +2.22% | $86.99 (+0.12%) |
|
May 11, 2026
5w ago
|
Insider Cluster
| $80.74 $83.92 | ▲ +3.94% | ▲ +4.08% | $86.99 (+7.75%) |
US Market Status
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