XMTR Q2 2026 - Preliminary Earnings Alert

Event: Quartr Q2 2026 event Retrieved: 2026-08-04T14:30:00Z Comparison mode: aggressive Scorecard contract: v1 Source status: release=available | financials=release document only | transcript=marked available, not yet read

Consensus scorecard

Reported results and guidance

Guidance issued with the release:

• The Q3 revenue guide implies 30–31% total growth on roughly 33% marketplace growth; the full-year guide implies roughly 37% marketplace growth.
• Scorecard recap: revenue beat consensus by 6.5% ($229.3m vs. $215.2m) and non-GAAP diluted EPS beat by 9.9% ($0.16 vs. $0.1456).

Key bullish aspects

• Revenue growth accelerated to 41% total and 45% marketplace, which the CFO describes as the fourth consecutive quarter of acceleration.
• The full-year revenue growth outlook was raised materially, from 27–28% to 33–34%, and the full-year adjusted EBITDA guide of $60–62m compares with $18.5m delivered in FY2025.
• Adjusted EBITDA improved $10.2m year over year to $14.1m, with margin up 380bp to 6.2%, so growth is being paired with operating leverage rather than funded by it.
• Non-GAAP net income of $9.9m compares with $1.1m a year earlier, and the GAAP net loss narrowed 80% to $(5.3)m.
• Buyer network expansion is broad-based: Active Buyers up 20% and accounts spending at least $50,000 over the trailing twelve months up 23%, with 98% of revenue from existing accounts.
• The June equity offering ($248m net) plus a $50.0m Siemens private placement took cash and marketable securities to $517m, funding organic initiatives and tuck-in M&A without leverage.

Key bearish aspects

• Consolidated gross margin fell 2.1pp to 38.0%, because growth is concentrated in the lower-margin marketplace segment (34.7% margin) while high-margin services revenue shrank.
• Marketplace gross margin itself fell 0.7pp to 34.7%, so the mix shift is not the only pressure.
• Services revenue declined 3% year over year to $13.9m and is described only as "up slightly quarter-over-quarter"; services gross profit fell 3% to $12.4m.
• The company is still GAAP-loss-making, at $(5.3)m for the quarter and $(10.6)m for the first half.
• The Q3 revenue guide of $234–236m implies growth decelerating from 41% to 30–31%, a roughly 10-point step down from the quarter just reported.
• The equity offering raises the share count against which per-share results are measured; non-GAAP diluted EPS of $0.16 already sits below non-GAAP basic EPS of $0.18.

Key uncertainties

• The gap between GAAP and non-GAAP results is wide ($(5.3)m loss versus $9.9m income); the release notes the non-GAAP net income definition was revised effective 1 January 2026 to exclude depreciation, with prior periods recast, so year-over-year non-GAAP comparisons run on a redefined basis.
• The release does not reconcile forward-looking adjusted EBITDA to GAAP net loss, citing variability in excluded items, so the guided $60–62m cannot be tied to a GAAP outcome from this document.
• How much of the marketplace gross-margin decline is deliberate pricing to win share versus supplier cost pressure is not addressed in the release.
• Whether the deceleration implied by the Q3 guide reflects conservatism or a genuine slowing of the marketplace ramp.
• Deployment of the $517m cash balance is described only as organic initiatives and "selective tuck-in M&A"; no targets, sizing, or timing are given.

Market context

• API Ninjas snapshot: $88.56 on NASDAQ, volume 183,429, retrieved 2026-08-04T14:11:02Z (10:11 a.m. ET, roughly 41 minutes into the regular session). This is a single intraday quote, not a complete session or reaction measurement.

Source limitations

• Every actual above comes from the Quartr release document; Quartr standardized financials for this event are not yet populated. Gross margin percentages for the consolidated line are calculated from the reported revenue and gross profit.
• API Ninjas supplied no actual or difference fields for this event, so the beat/miss is calculated locally as Quartr actual minus API Ninjas estimate. The API row carried no fiscal year or quarter, so the exact ticker-and-event-date match path was used.
• The consensus revenue figure ($215.2m) is close to the company's marketplace revenue ($215.4m); the provider's prior-year actual of $162.5m matches total revenue, confirming the consensus is stated on a total-revenue basis, which is the company-wide figure required by the source policy.
• The consensus EPS basis is inferred to be non-GAAP diluted from the provider's Q1 2026 actual ($0.12, matching the company's non-GAAP diluted figure rather than GAAP); aggressive mode selects non-GAAP diluted EPS regardless.
• Quartr marks a transcript as available for this event but it has not been read for this preliminary report; a post-call update will follow.

Source links

• Quartr Q2 2026 earnings release
• Quartr release financial summary and segment page
• Quartr release guidance page
• Quartr supplemental presentation