$225 Million Capital Increase Leads to 12% Drop in AI Manufacturing Platform Stocks

On June 2, Xometry Inc. (NASDAQ: XMTR) closed at $83.71 on the Nasdaq, down 12.11%. Its market capitalization fell to about $4.28 billion (roughly KRW 6.5 trillion), wiping out around $460 million (approximately KRW 700 billion) in a single day, with trading volume topping 2.17 million shares.

The sharp decline is attributed to dilution concerns after the company announced a $225 million common stock offering at $85 per share (about KRW 340 billion). Just weeks earlier, Xometry reported record first-quarter revenue of roughly $205 million and raised its full-year 2026 revenue growth guidance to 27–28%, signaling improving fundamentals. The timing of the equity raise immediately after strong results appears to have unsettled investors.

Founded in 2013 in North Bethesda, Maryland, Xometry is an on-demand manufacturing and parts-sourcing platform that operates an AI-driven online marketplace alongside Thomasnet, an industrial sourcing platform, championing the digitalization of the manufacturing supply chain. The company went public on the Nasdaq in 2021, and co-founder Randy Altschuler serves as CEO, positioning Xometry as a growth stock in the U.S. AI and manufacturing sector.