v3.24.3
Segments
9 Months Ended
Sep. 30, 2024
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, 2024 and 2023 (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Segment Revenue

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

117,584

 

 

$

103,379

 

 

$

333,113

 

 

$

292,715

 

International

 

 

24,114

 

 

 

15,548

 

 

 

63,870

 

 

 

42,546

 

Total

 

$

141,698

 

 

$

118,927

 

 

$

396,983

 

 

$

335,261

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Segment Losses

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

(4,183

)

 

$

(7,893

)

 

$

(23,115

)

 

$

(43,742

)

International

 

 

(6,016

)

 

 

(4,130

)

 

 

(17,397

)

 

 

(13,179

)

Total

 

$

(10,199

)

 

$

(12,023

)

 

$

(40,512

)

 

$

(56,921

)