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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $98.7M, roughly 1.9× GCL Global Holdings Ltd). Xometry, Inc. runs the higher net margin — -4.5% vs -5.2%, a 0.7% gap on every dollar of revenue. GCL Global Holdings Ltd produced more free cash flow last quarter ($-5.2M vs $-5.9M).
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
GCL vs XMTR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $192.4M |
| Net Profit | $-5.1M | $-8.6M |
| Gross Margin | 11.0% | 39.1% |
| Operating Margin | -6.7% | -4.6% |
| Net Margin | -5.2% | -4.5% |
| Revenue YoY | — | 29.5% |
| Net Profit YoY | — | 12.7% |
| EPS (diluted) | $-0.04 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $192.4M | ||
| Q3 25 | $98.7M | $180.7M | ||
| Q2 25 | $142.1M | $162.5M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $148.5M | ||
| Q3 24 | $36.1M | $141.7M | ||
| Q2 24 | — | $132.6M | ||
| Q1 24 | — | $122.7M |
| Q4 25 | — | $-8.6M | ||
| Q3 25 | $-5.1M | $-11.6M | ||
| Q2 25 | $5.6M | $-26.4M | ||
| Q1 25 | — | $-15.1M | ||
| Q4 24 | — | $-9.9M | ||
| Q3 24 | $-1.9M | $-10.2M | ||
| Q2 24 | — | $-13.7M | ||
| Q1 24 | — | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | 11.0% | 39.9% | ||
| Q2 25 | 15.0% | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | 16.2% | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | — | -4.6% | ||
| Q3 25 | -6.7% | -6.1% | ||
| Q2 25 | 2.3% | -6.3% | ||
| Q1 25 | — | -10.2% | ||
| Q4 24 | — | -7.8% | ||
| Q3 24 | -5.6% | -8.1% | ||
| Q2 24 | — | -11.5% | ||
| Q1 24 | — | -14.6% |
| Q4 25 | — | -4.5% | ||
| Q3 25 | -5.2% | -6.4% | ||
| Q2 25 | 3.9% | -16.3% | ||
| Q1 25 | — | -10.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | -5.2% | -7.2% | ||
| Q2 24 | — | -10.3% | ||
| Q1 24 | — | -13.5% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.6M | $219.1M |
| Total DebtLower is stronger | $52.0M | — |
| Stockholders' EquityBook value | $33.1M | $275.6M |
| Total Assets | $159.9M | $703.7M |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $219.1M | ||
| Q3 25 | $16.6M | $224.5M | ||
| Q2 25 | $18.2M | $225.8M | ||
| Q1 25 | — | $231.4M | ||
| Q4 24 | — | $239.8M | ||
| Q3 24 | $2.7M | $234.0M | ||
| Q2 24 | — | $240.9M | ||
| Q1 24 | — | $253.8M |
| Q4 25 | — | — | ||
| Q3 25 | $52.0M | — | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $275.6M | ||
| Q3 25 | $33.1M | $272.0M | ||
| Q2 25 | $35.9M | $270.4M | ||
| Q1 25 | — | $309.9M | ||
| Q4 24 | — | $314.5M | ||
| Q3 24 | $15.9M | $315.2M | ||
| Q2 24 | — | $315.8M | ||
| Q1 24 | — | $320.4M |
| Q4 25 | — | $703.7M | ||
| Q3 25 | $159.9M | $698.9M | ||
| Q2 25 | $101.6M | $687.0M | ||
| Q1 25 | — | $690.1M | ||
| Q4 24 | — | $680.1M | ||
| Q3 24 | $49.6M | $678.2M | ||
| Q2 24 | — | $678.6M | ||
| Q1 24 | — | $692.5M |
| Q4 25 | — | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.8M | $4.4M |
| Free Cash FlowOCF − Capex | $-5.2M | $-5.9M |
| FCF MarginFCF / Revenue | -5.3% | -3.0% |
| Capex IntensityCapex / Revenue | 0.4% | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.4M | ||
| Q3 25 | $-4.8M | $5.8M | ||
| Q2 25 | $-10.3M | $-427.0K | ||
| Q1 25 | — | $-3.7M | ||
| Q4 24 | — | $9.1M | ||
| Q3 24 | $6.1M | $-3.6M | ||
| Q2 24 | — | $-9.1M | ||
| Q1 24 | — | $-11.7M |
| Q4 25 | — | $-5.9M | ||
| Q3 25 | $-5.2M | $-1.7M | ||
| Q2 25 | $-10.5M | $-7.4M | ||
| Q1 25 | — | $-9.2M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-8.4M | ||
| Q2 24 | — | $-13.5M | ||
| Q1 24 | — | $-16.1M |
| Q4 25 | — | -3.0% | ||
| Q3 25 | -5.3% | -0.9% | ||
| Q2 25 | -7.4% | -4.5% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | -10.2% | ||
| Q1 24 | — | -13.1% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | 0.4% | 4.1% | ||
| Q2 25 | 0.1% | 4.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GCL
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
