Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Outstanding Principal Amount and Carrying Value of Convertible Notes

The following table presents the outstanding principal amount and carrying value of the Convertible Notes as of the dates indicated (in thousands):


	March 31, 2026
	Principal		Unamortized Debt Discount			Unamortized Debt Issuance Costs			Carrying Value
2027 Notes	$	85,805	$	(429	)	$	(33	)	$	85,343
2030 Notes		250,000		(6,300	)		(958	)		242,742
Total	$	335,805	$	(6,729	)	$	(991	)	$	328,085

	December 31, 2025
	Principal		Unamortized Debt Discount			Unamortized Debt Issuance Costs			Carrying Value
2027 Notes	$	85,805	$	(557	)	$	(43	)	$	85,205
2030 Notes		250,000		(6,675	)		(1,016	)		242,309
Total	$	335,805	$	(7,232	)	$	(1,059	)	$	327,514

Schedule of Interest Expense Related to Convertible Notes

Interest expense related to the Convertible Notes for the periods presented below was as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Coupon interest	$	683	$	718
Amortization of debt discount		504		432
Amortization of transaction costs		67		33
Total interest expense	$	1,254	$	1,183

Schedule of Carrying Value and Estimated Fair Value of Convertible Notes

The following table presents the carrying value and estimated fair value of the Convertible Notes as of the date indicated (in thousands):


	March 31, 2026				December 31, 2025
	Carrying Value		Fair Value		Carrying Value		Fair Value
2027 Notes(1)	$	85,343	$	93,390	$	85,205	$	107,900
2030 Notes(1)		242,742		295,000		242,309		375,550
Total Convertible Notes	$	328,085	$	388,390	$	327,514	$	483,450

(1) As of March 31, 2026 and December 31, 2025, the fair value of the Convertible Notes, as applicable, were measured using Level 2 inputs based on the frequency of trading on our debt at the end of the period.

Schedule of Total Restructuring Costs

The following table shows the total restructuring costs incurred during the three months ended March 31, 2026 and 2025 (in thousands):


	Three Months Ended March 31,
	2026		2025
Sales and marketing	$	—	$	85
Operations and support		—		689
Product development		2		534
General and administrative		14		153
Total restructuring charges	$	16	$	1,461

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Xometry, Inc. 10-Q