XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.25.2

Debt Commitments and Contingencies (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Debt Disclosure [Abstract] |
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):
|  | June 30, 2025 |
|  | Principal |  |  | Unamortized Debt Discount |  |  | Unamortized Debt Issuance Costs |  |  | Carrying Value |
2027 Notes |  | $ | 85,805 |  |  | $ | (814 | ) |  | $ | (63 | ) |  | $ | 84,928 |
2030 Notes |  |  | 250,000 |  |  |  | (7,425 | ) |  |  | (1,113 | ) |  |  | 241,462 |
Total |  | $ | 335,805 |  |  | $ | (8,239 | ) |  | $ | (1,176 | ) |  | $ | 326,390 |
|  | December 31, 2024 |
|  | Principal |  |  | Unamortized Debt Discount |  |  | Unamortized Debt Issuance Costs |  |  | Carrying Value |
2027 Notes |  | $ | 287,500 |  |  | $ | (3,594 | ) |  | $ | (278 | ) |  | $ | 283,628 |
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Coupon interest |  | $ | 706 |  |  | $ | 719 |  |  | $ | 1,424 |  |  | $ | 1,438 |
Amortization of debt discount |  |  | 443 |  |  |  | 432 |  |  |  | 875 |  |  |  | 863 |
Amortization of transaction costs |  |  | 29 |  |  |  | 34 |  |  |  | 62 |  |  |  | 67 |
Total interest expense |  | $ | 1,178 |  |  | $ | 1,185 |  |  | $ | 2,361 |  |  | $ | 2,368 |
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):
|  | June 30, 2025 |  |  | December 31, 2024 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
2027 Notes(1) |  | $ | 84,928 |  |  | $ | 87,315 |  |  | $ | 283,628 |  |  | $ | 311,621 |
2030 Notes(1) |  |  | 241,462 |  |  |  | 257,175 |  |  |  | - |  |  |  | - |
Total Convertible Notes |  | $ | 326,390 |  |  | $ | 344,490 |  |  | $ | 283,628 |  |  | $ | 311,621 |
(1) As of June 30, 2025 and December 31, 2024, the fair value of the Convertible Notes, as applicable, was measured using Level 2 inputs based on the frequency of trading on our debt at the end of the period.
Schedule of Restructuring Related Employee Termination Benefits | The following table shows the total amount incurred and the liability, which was recorded in accrued expenses in the Condensed Consolidated Balance Sheets, for restructuring-related employee termination benefits as of December 31, 2024 and June 30, 2025 (in thousands):
|  | Employee Termination Benefits |
Accrued restructuring costs as of December 31, 2024 |  | $ | — |
Restructuring costs incurred during the six months ended June 30, 2025 |  |  | 1,556 |
Amount paid during the period ended June 30, 2025 |  |  | (763 | )
Accrued restructuring costs as of June 30, 2025 |  | $ | 793 |
Schedule of Total Restructuring Costs | The following table shows the total restructuring costs incurred during the three and six months ended June 30, 2025 and 2024 (in thousands):
|  | Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Sales and marketing |  | $ | 4 |  |  | $ | — |  |  | $ | 89 |  |  | $ | — |
Operations and support |  |  | 137 |  |  |  | — |  |  |  | 826 |  |  |  | — |
Product development |  |  | (35 | ) |  |  | — |  |  |  | 499 |  |  |  | — |
General and administrative |  |  | (11 | ) |  |  | — |  |  |  | 142 |  |  |  | — |
Total restructuring charges |  | $ | 95 |  |  |  | — |  |  | $ | 1,556 |  |  |  | — |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of debt instruments interest expense. + References No definition available. + Details
Name: | xmtr_ScheduleOfDebtInstrumentsInterestExpenseTableTextBlock
Namespace Prefix: | xmtr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of restructuring-related employee termination benefits. + References No definition available. + Details
Name: | xmtr_ScheduleOfRestructuringRelatedEmployeeTerminationBenefitsTableTextBlock
Namespace Prefix: | xmtr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration