VELO
VELO
Velo3D, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $13.64M ▲ | $11.06M ▲ | $-11.82M ▲ | -86.69% ▲ | $-0.69 ▲ | $-9.87M ▲ |
| Q2-2025 | $13.57M ▲ | $10.5M ▼ | $-13.76M ▲ | -101.36% ▲ | $-0.98 ▲ | $-11.31M ▲ |
| Q1-2025 | $9.32M ▼ | $12.62M ▼ | $-25.41M ▼ | -272.65% ▼ | $-1.95 ▲ | $-23.39M ▲ |
| Q4-2024 | $12.63M ▲ | $21.19M ▼ | $-21.95M ▲ | -173.87% ▲ | $-12.76 ▲ | $-25.35M ▼ |
| Q3-2024 | $8.25M | $22.82M | $-22.86M | -277.17% | $-37.11 | $-10.67M |
What's going well?
Gross profit improved, swinging from a loss to a small gain. Overall losses are narrowing, and EPS loss per share improved. Cost of revenue dropped, showing better control over product costs.
What's concerning?
The company is still losing a lot of money, with high operating expenses and a net loss of $11.83 million. Share count jumped nearly 50%, diluting existing shareholders. Margins are razor-thin and the business remains unprofitable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $11.84M ▲ | $93.9M ▲ | $63.74M ▲ | $30.16M ▲ |
| Q2-2025 | $854K ▼ | $78.56M ▼ | $57.02M ▼ | $21.54M ▼ |
| Q1-2025 | $3.87M ▲ | $91.4M ▲ | $58.52M ▲ | $32.88M ▼ |
| Q4-2024 | $1.21M ▼ | $89.18M ▼ | $49.52M ▼ | $39.66M ▲ |
| Q3-2024 | $1.64M | $110.79M | $76.1M | $34.69M |
What's financially strong about this company?
The company boosted its cash reserves significantly this quarter, reduced inventory, and saw a big jump in customer prepayments. Equity is positive and growing, and there are no risky intangible assets.
What are the financial risks or weaknesses?
The business has a long history of losses, with negative retained earnings of nearly half a billion dollars. Cash is still thin compared to liabilities, and receivables are rising, which could mean slower payments from customers.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-11.82M ▲ | $-6.03M ▼ | $-313K ▲ | $17.32M ▲ | $10.98M ▲ | $-6.34M ▼ |
| Q2-2025 | $-13.76M ▲ | $-1.22M ▲ | $-1.8M ▼ | $0 ▼ | $-3.02M ▼ | $-3.02M ▲ |
| Q1-2025 | $-25.41M ▼ | $-12.35M ▼ | $0 ▼ | $15M ▲ | $2.66M ▲ | $-12.35M ▼ |
| Q4-2024 | $-21.95M ▲ | $-2.21M ▼ | $1.12M ▲ | $502K ▲ | $-597K ▲ | $-2.19M ▼ |
| Q3-2024 | $-22.86M | $-1.97M | $678K | $468K | $-825K | $-1.99M |
What's strong about this company's cash flow?
The company managed to raise enough outside cash to boost its cash balance and buy some time. Capital spending is low, so most cash is going to operations, not big risky projects.
What are the cash flow concerns?
VELO is burning through cash at an increasing rate, and core operations are not generating money. The company is highly dependent on outside funding and has only a short cash runway left.
5-Year Trend Analysis
A comprehensive look at Velo3D, Inc.'s financial evolution and strategic trajectory over the past five years.
Velo3D has a differentiated technology stack, a clear niche in high‑value metal additive manufacturing, and established relationships in demanding end markets like aerospace and defense. Its integrated ecosystem, IP portfolio, and services offerings create switching costs and the potential for recurring revenue. Cash burn and margins are improving, and debt has been reduced, showing some operational discipline.
The company is facing significant financial pressure: revenue has declined sharply, losses remain large, cash is very low, and the balance sheet has weakened. Liquidity is tight, and the business has yet to demonstrate consistent, positive cash generation. R&D cuts and reduced capex might constrain future growth or erode the technology lead if they go too far, while competition and customer concentration add further uncertainty.
Looking ahead, Velo3D’s trajectory will likely depend on its ability to stabilize and then grow revenue while continuing to improve margins and cash flow. If the RPS model scales and key aerospace and defense programs ramp successfully, the company could leverage its strong technology into a more sustainable business profile. Conversely, if demand remains soft or financing becomes harder to access, its financial constraints could limit its ability to fully capitalize on its technical advantages. The overall picture is high potential but also high execution and funding risk.
About Velo3D, Inc.
https://www.velo3d.comVelo3D, Inc. produces and sells metal additive three dimensional printers in the Americas, Europe, and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other metal parts, which it sells or leases to customers for use in their businesses.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $13.64M ▲ | $11.06M ▲ | $-11.82M ▲ | -86.69% ▲ | $-0.69 ▲ | $-9.87M ▲ |
| Q2-2025 | $13.57M ▲ | $10.5M ▼ | $-13.76M ▲ | -101.36% ▲ | $-0.98 ▲ | $-11.31M ▲ |
| Q1-2025 | $9.32M ▼ | $12.62M ▼ | $-25.41M ▼ | -272.65% ▼ | $-1.95 ▲ | $-23.39M ▲ |
| Q4-2024 | $12.63M ▲ | $21.19M ▼ | $-21.95M ▲ | -173.87% ▲ | $-12.76 ▲ | $-25.35M ▼ |
| Q3-2024 | $8.25M | $22.82M | $-22.86M | -277.17% | $-37.11 | $-10.67M |
What's going well?
Gross profit improved, swinging from a loss to a small gain. Overall losses are narrowing, and EPS loss per share improved. Cost of revenue dropped, showing better control over product costs.
What's concerning?
The company is still losing a lot of money, with high operating expenses and a net loss of $11.83 million. Share count jumped nearly 50%, diluting existing shareholders. Margins are razor-thin and the business remains unprofitable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $11.84M ▲ | $93.9M ▲ | $63.74M ▲ | $30.16M ▲ |
| Q2-2025 | $854K ▼ | $78.56M ▼ | $57.02M ▼ | $21.54M ▼ |
| Q1-2025 | $3.87M ▲ | $91.4M ▲ | $58.52M ▲ | $32.88M ▼ |
| Q4-2024 | $1.21M ▼ | $89.18M ▼ | $49.52M ▼ | $39.66M ▲ |
| Q3-2024 | $1.64M | $110.79M | $76.1M | $34.69M |
What's financially strong about this company?
The company boosted its cash reserves significantly this quarter, reduced inventory, and saw a big jump in customer prepayments. Equity is positive and growing, and there are no risky intangible assets.
What are the financial risks or weaknesses?
The business has a long history of losses, with negative retained earnings of nearly half a billion dollars. Cash is still thin compared to liabilities, and receivables are rising, which could mean slower payments from customers.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-11.82M ▲ | $-6.03M ▼ | $-313K ▲ | $17.32M ▲ | $10.98M ▲ | $-6.34M ▼ |
| Q2-2025 | $-13.76M ▲ | $-1.22M ▲ | $-1.8M ▼ | $0 ▼ | $-3.02M ▼ | $-3.02M ▲ |
| Q1-2025 | $-25.41M ▼ | $-12.35M ▼ | $0 ▼ | $15M ▲ | $2.66M ▲ | $-12.35M ▼ |
| Q4-2024 | $-21.95M ▲ | $-2.21M ▼ | $1.12M ▲ | $502K ▲ | $-597K ▲ | $-2.19M ▼ |
| Q3-2024 | $-22.86M | $-1.97M | $678K | $468K | $-825K | $-1.99M |
What's strong about this company's cash flow?
The company managed to raise enough outside cash to boost its cash balance and buy some time. Capital spending is low, so most cash is going to operations, not big risky projects.
What are the cash flow concerns?
VELO is burning through cash at an increasing rate, and core operations are not generating money. The company is highly dependent on outside funding and has only a short cash runway left.
5-Year Trend Analysis
A comprehensive look at Velo3D, Inc.'s financial evolution and strategic trajectory over the past five years.
Velo3D has a differentiated technology stack, a clear niche in high‑value metal additive manufacturing, and established relationships in demanding end markets like aerospace and defense. Its integrated ecosystem, IP portfolio, and services offerings create switching costs and the potential for recurring revenue. Cash burn and margins are improving, and debt has been reduced, showing some operational discipline.
The company is facing significant financial pressure: revenue has declined sharply, losses remain large, cash is very low, and the balance sheet has weakened. Liquidity is tight, and the business has yet to demonstrate consistent, positive cash generation. R&D cuts and reduced capex might constrain future growth or erode the technology lead if they go too far, while competition and customer concentration add further uncertainty.
Looking ahead, Velo3D’s trajectory will likely depend on its ability to stabilize and then grow revenue while continuing to improve margins and cash flow. If the RPS model scales and key aerospace and defense programs ramp successfully, the company could leverage its strong technology into a more sustainable business profile. Conversely, if demand remains soft or financing becomes harder to access, its financial constraints could limit its ability to fully capitalize on its technical advantages. The overall picture is high potential but also high execution and funding risk.
CEO
Arun Jeldi
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-07-28 | Reverse | 1:15 |
ETFs Holding This Stock
Summary
Showing Top 1 of 11
Ratings Snapshot
Rating : C-
Most Recent Analyst Grades
Grade Summary
Showing Top 1 of 1
Price Target
Institutional Ownership
ALYESKA INVESTMENT GROUP, L.P.
Shares:2.42M
Value:$24.68M
AWM INVESTMENT COMPANY, INC.
Shares:2.15M
Value:$21.92M
VANGUARD GROUP INC
Shares:386.84K
Value:$3.94M
Summary
Showing Top 3 of 56