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Velo3D, Inc.(VELO)Earnings, Financials & Key Ratios
VELO•NASDAQ
$13.58
$334M mkt cap·Price updated May 6, 2026
AboutVelo3D, 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. It also offers Flow, a proprietary software platform, which scans part designs for geometrical features; and Sapphire, Sapphire 1MZ, Sapphire XC, and Sapphire XC 1MZ printers. In addition, the company provides Assure, a quality control software platform that includes process metrologies; Flow Developer, a new version of print preparation software that turns traditional design files into print files; and Intelligent Fusion, an underlying manufacturing process that unifies and manages the information flow, sensor data, and the advanced printing technology for precision control of the entire print. Further, it offers Rapid Production Solutions to build resilient supply chains for production parts in different industries; and provides support services. The company serves small- and medium-sized enterprises to Fortune 500 companies in the space, aviation, defense, automotive, energy, and industrial markets. Velo3D, Inc. was founded in 2014 and is headquartered in Fremont, California. Velo3D, Inc operates as a subsidiary of Arrayed Additive inc.Show more
- Revenue$45.97B+112021.1%
- EBITDA-$54.92B-70824.0%
- Net Income-$71.36B-97260.1%
- EPS (Diluted)-4.33+95.0%
- Gross Margin-16.11%-216.7%
- EBITDA Margin-119.46%+36.7%
- Operating Margin-119.46%+40.5%
- Net Margin-155.23%+13.2%
- ROE-373.67%-175.3%
- ROIC-1497.17%-1642.9%
- Debt/Equity0.17-58.8%
VELO Key Insights
Velo3D, Inc. (VELO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 95 (top 5%)
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VELO Price & Volume
Velo3D, Inc. (VELO) stock price & volume — 10-year historical chart
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VELO Growth Metrics
Velo3D, Inc. (VELO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years735.92%
TTM164.42%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-292.24%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM36.81%
Return on Capital
10 Years-83.33%
5 Years-83.33%
3 Years-117.75%
Last Year-153.41%
VELO Recent Earnings
Velo3D, Inc. (VELO) EPS & revenue vs analyst estimates — last 2 quarters
●Beat EPS 1/2 qtrs (50%)●Beat Revenue 2/2 qtrs (100%)
Q2 2026Latest
Mar 24, 2026EPS
$0.54
Est $0.56
+4.4%
Revenue
$9M
Est $9M
+8.7%
Q4 2025
Nov 10, 2025EPS
$0.54
Est $0.52
-3.8%
Revenue
$14M
Est $9M
+60.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 24, 2026 | $0.54vs $0.56+4.4% | $9Mvs $9M+8.7% |
| Q4 2025 | Nov 10, 2025 | $0.54vs $0.52-3.8% | $14Mvs $9M+60.5% |
Based on last 2 quarters of dataView full earnings history →
VELO Peer Comparison
Velo3D, Inc. (VELO) competitors in Industrial and 3D Printing Systems — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SSYS | 790.28M | 9.25 | -5.44 | -8.79% | -22.69% | -15.29% | 0.04 | |
 MTLS | 331.96M | 5.62 | 36.84 | -3.63% | 2.87% | 3.18% | 0.26 | |
 NNDM | 399.64M | 1.90 | -4.32 | 2.59% | -326.38% | -36.1% | 0.01 | |
 AVAV | 8.71B | 174.37 | 112.50 | 14.5% | -13.93% | -6.41% | 0.07 | |
 KTOS | 11.53B | 61.52 | 473.23 | 18.52% | 2.08% | 1.26% | 0.09 | |
 RR | 479.32M | 2.75 | -21.15 | 18.99% | -249.54% | -3.63% | 0.00 | |
 HWM | 102.81B | 256.43 | 69.12 | 11.06% | 18.27% | 28.17% | 0.57 | |
 RKLB | 48.74B | 84.65 | -228.78 | 37.96% | -32.94% | -19.23% | 0.15 |
Compare VELO vs Peers
Velo3D, Inc. (VELO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VELO Income Statement
Velo3D, Inc. (VELO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 27.44M | 78.71M | 77.44M | 41M | 45.97B | 49.16M |
| Revenue Growth % | - | 186.84% | -1.6% | -47.05% | 112021.06% | 164.42% |
| Cost of Goods Sold | 22.48M | 77.86M | 103.71M | 43.09M | 53.38B | 50.06M |
| COGS % of Revenue | 81.93% | 98.93% | 133.92% | 105.09% | 116.11% | - |
| Gross Profit | 4.96M▲ 0% | 843K▼ 83.0% | -26.27M▼ 3215.9% | -2.08M▲ 92.1% | -7.4B▼ 355007.9% | -902K▲ 0% |
| Gross Margin % | 18.07% | 1.07% | -33.92% | -5.08% | -16.11% | -1.83% |
| Gross Profit Growth % | - | -83% | -3215.9% | 92.06% | -355007.91% | - |
| Operating Expenses | 62.72M | 107.16M | 106.99M | 80.26M | 47.52B | 55.37M |
| OpEx % of Revenue | 228.57% | 136.15% | 138.15% | 195.75% | 103.36% | - |
| Selling, General & Admin | 1.61M | 60.89M | 64.96M | 63.15M | 36.86B | 45.19M |
| SG&A % of Revenue | 5.86% | 77.36% | 83.88% | 154.02% | 80.18% | - |
| Research & Development | 27M | 46.27M | 42.03M | 17.11M | 10.65B | 10.18M |
| R&D % of Revenue | 98.41% | 58.78% | 54.27% | 41.72% | 23.17% | - |
| Other Operating Expenses | 34.11M | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -57.76M▲ 0% | -106.31M▼ 84.1% | -133.25M▼ 25.3% | -82.35M▲ 38.2% | -54.92B▼ 66593.4% | -56.27M▲ 0% |
| Operating Margin % | -210.5% | -135.07% | -172.07% | -200.83% | -119.46% | -114.47% |
| Operating Income Growth % | - | -84.06% | -25.34% | 38.2% | -66593.38% | - |
| EBITDA | -45.53M | -101.02M | -123.94M | -77.44M | -54.92B | -52.81M |
| EBITDA Margin % | -165.94% | -128.35% | -160.05% | -188.85% | -119.46% | -107.43% |
| EBITDA Growth % | - | -121.87% | -22.69% | 37.52% | -70824% | -62.43% |
| D&A (Non-Cash Add-back) | 12.23M | 5.29M | 9.31M | 4.91M | 0 | 3.46M |
| EBIT | -53.36M | 8.34M | -125.42M | -57.35M | 0 | -73.38M |
| Net Interest Income | 12.25M | -372K | -9.72M | -15.97M | 0 | 501K |
| Interest Income | 26.13K | 0 | 0 | 0 | 0 | 4.34M |
| Interest Expense | -12.23M | 372K | 9.72M | 15.97M | -4.36B | 3.84M |
| Other Income/Expense | 68.03M | 114.28M | -1.89M | 9.03M | -16.32B | -16.61M |
| Pretax Income | 10.27M▲ 0% | 7.97M▼ 22.4% | -135.14M▼ 1795.8% | -73.32M▲ 45.7% | -71.25B▼ 97073.9% | -72.88M▲ 0% |
| Pretax Margin % | 37.42% | 10.13% | -174.5% | -178.81% | -154.97% | -148.26% |
| Income Tax | 65.16K | 0 | 0 | -20K | -117M | 63K |
| Effective Tax Rate % | 0.63% | 0% | 0% | 0.03% | 0.16% | -0.09% |
| Net Income | 10.2M▲ 0% | 7.97M▼ 21.9% | -135.14M▼ 1795.8% | -73.3M▲ 45.8% | -71.36B▼ 97260.1% | -72.94M▲ 0% |
| Net Margin % | 37.18% | 10.13% | -174.5% | -178.76% | -155.23% | -148.39% |
| Net Income Growth % | - | -21.89% | -1795.81% | 45.76% | -97260.06% | -292.24% |
| Net Income (Continuing) | 10.2M | 7.97M | -135.14M | -73.3M | -71.36B | -72.94M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 91.26▲ 0% | 21.00▼ 77.0% | -357.00▼ 1800.0% | -86.51▲ 75.8% | -4.33▲ 95.0% | -3.49▲ 0% |
| EPS Growth % | - | -76.99% | -1800% | 75.77% | 94.99% | 36.81% |
| EPS (Basic) | 91.26 | 22.61 | -357.00 | -86.51 | -4.33 | - |
| Diluted Shares Outstanding | 111.79K | 385.1K | 395.77K | 847.26K | 16.49B | 20.91M |
| Basic Shares Outstanding | 111.79K | 379.48K | 395.77K | 847.26K | 16.49B | 20.91M |
| Dividend Payout Ratio | - | - | - | - | - | - |
VELO Balance Sheet
Velo3D, Inc. (VELO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 268.07M | 171.52M | 113.02M | 57.72M | 78.96B | 59.17M |
| Cash & Short-Term Investments | 1.19K | 80.2M | 31.11M | 1.21M | 39.01B | 11.84M |
| Cash Only | 207.6M | 31.98M | 24.49M | 1.21M | 39.01B | 11.84M |
| Short-Term Investments | 15.48M | 48.21M | 6.62M | 0 | 0 | 0 |
| Accounts Receivable | 13.05M | 14.59M | 17.09M | 4.22M | 6.26B | 10.11M |
| Days Sales Outstanding | 173.62 | 67.65 | 80.56 | 37.59 | 49.72 | 50.19 |
| Inventory | 0 | 71.2M | 60.82M | 49.95M | 27.08B | 35.39M |
| Days Inventory Outstanding | - | 333.78 | 214.04 | 423.15 | 185.2 | 309.68 |
| Other Current Assets | 255.02M | 3.32M | 2.74M | 1.72M | 6.6B | 966K |
| Total Non-Current Assets | 34.64M | 51.54M | 40.77M | 31.46M | 26.39B | 34.73M |
| Property, Plant & Equipment | 29.48M | 42.43M | 33.66M | 26.72M | 14.72B | 23.39M |
| Fixed Asset Turnover | 0.93x | 1.86x | 2.30x | 1.53x | 3.12x | 1.93x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 230.03K | 5.91M | 0 | 2.71M | 0 | 9.37M |
| Other Non-Current Assets | 4.93M | 3.21M | 7.11M | 2.03M | 11.66B | 14.27M |
| Total Assets | 302.72M▲ 0% | 223.06M▼ 26.3% | 153.8M▼ 31.1% | 89.18M▼ 42.0% | 105.35B▲ 118029.6% | 93.9M▲ 0% |
| Asset Turnover | 0.09x | 0.35x | 0.50x | 0.46x | 0.44x | 0.56x |
| Asset Growth % | - | -26.31% | -31.05% | -42.02% | 118029.63% | -47.9% |
| Total Current Liabilities | 703 | 46.05M | 48.67M | 38M | 33.8B | 37.57M |
| Accounts Payable | 9.88M | 12.21M | 15.85M | 18.54M | 10.3B | 11.34M |
| Days Payables Outstanding | 160.44 | 57.22 | 55.8 | 157.04 | 70.44 | 111.37 |
| Short-Term Debt | 5.11M | 2.77M | 21.19M | 5.67M | 6.3B | 5.31M |
| Deferred Revenue (Current) | 22.25M | 15.19M | 5.13M | 10.29M | 0 | 40.46M |
| Other Current Liabilities | -46.66M | 0 | 0 | 0 | 27.5B | 0 |
| Current Ratio | 381556.01x | 3.72x | 2.32x | 1.52x | 2.34x | 2.34x |
| Quick Ratio | 381556.01x | 2.18x | 1.07x | 0.20x | 1.53x | 1.53x |
| Cash Conversion Cycle | - | 344.2 | 238.8 | 303.71 | 164.48 | 248.5 |
| Total Non-Current Liabilities | 145.64M | 38.22M | 36.79M | 11.52M | 33.39B | 26.18M |
| Long-Term Debt | 2.96M | 5.42M | 11.94M | 0 | 0 | 17.7M |
| Capital Lease Obligations | 9.18M | 12.21M | 10.18M | 8.47M | 0 | 31.59M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 133.5M | 20.59M | 14.67M | 3.04M | 33.39B | 6.24M |
| Total Liabilities | 192.3M | 84.27M | 85.46M | 49.52M | 67.19B | 63.74M |
| Total Debt | 19.51M | 22.85M | 45.57M | 15.92M | 6.3B | 32.54M |
| Net Debt | -188.09M | -9.13M | 21.08M | 14.71M | -32.71B | 20.7M |
| Debt / Equity | 0.18x | 0.16x | 0.67x | 0.40x | 0.17x | 0.17x |
| Debt / EBITDA | - | - | - | - | - | -0.62x |
| Net Debt / EBITDA | - | - | - | - | - | -0.39x |
| Interest Coverage | - | -285.78x | -13.71x | -5.16x | - | -19.11x |
| Total Equity | 110.42M▲ 0% | 138.79M▲ 25.7% | 68.34M▼ 50.8% | 39.66M▼ 42.0% | 38.16B▲ 96098.1% | 30.16M▲ 0% |
| Equity Growth % | - | 25.7% | -50.76% | -41.96% | 96098.06% | -71.74% |
| Book Value per Share | 987.72 | 360.42 | 172.67 | 46.81 | 2.31 | 1.44 |
| Total Shareholders' Equity | 110.42M | 138.79M | 68.34M | 39.66M | 38.16B | 30.16M |
| Common Stock | 2K | 2K | 2K | 4K | 5M | 5K |
| Retained Earnings | -229.87M | -221.9M | -357.04M | -430.33M | -498.14B | -481.33M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -14K | -837K | -96K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
VELO Cash Flow Statement
Velo3D, Inc. (VELO) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -56.4M | -123.96M | -105.64M | -32.68M | -27.64B | -27.64B |
| Operating CF Margin % | -205.56% | -157.5% | -136.4% | -79.69% | -60.12% | - |
| Operating CF Growth % | - | -119.78% | 14.78% | 69.07% | -84479.37% | -120.63% |
| Net Income | -107.09M | 7.97M | -135.14M | -73.3M | -71.36B | -72.94M |
| Depreciation & Amortization | 3.01M | 5.29M | 9.31M | 4.91M | 3.52B | 3.46M |
| Stock-Based Compensation | 4.37M | 20.15M | 24.93M | 15.36M | 9.51B | 11.43M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 46.5M | -113.2M | -5.96M | -11.21M | 30.7B | 15.79M |
| Working Capital Changes | -3.19M | -44.17M | 1.22M | 31.56M | 0 | 20.46M |
| Change in Receivables | -8.79M | -1.54M | -7.62M | 12.87M | -3.93B | 4.1M |
| Change in Inventory | -8.01M | -47.02M | 13.73M | 13.3M | 6.98B | 22.93M |
| Change in Payables | 1.88M | 2.34M | 2.21M | -743K | -2.67B | -3.53M |
| Cash from Investing | -33.59M | -53.02M | 38.89M | 7.77M | -2.71B | -989K |
| Capital Expenditures | -18.1M | -19.42M | -3.21M | -9K | -2.71B | -2.09M |
| CapEx % of Revenue | 65.96% | 24.67% | 4.15% | 0.02% | 5.91% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 1.1M | 0 | 1.1M |
| Cash from Financing | 282.89M | 1.34M | 59.26M | 1.46M | 68.14B | 32.83M |
| Debt Issued (Net) | 4.23M | 86K | 19.61M | -11.25M | 0 | 15M |
| Equity Issued (Net) | 155M | 0 | 39.09M | 10.7M | 0 | 9.01M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 123.66M | 1.26M | 561K | 2.01M | 68.14B | 8.82M |
| Net Change in Cash | 192.88M▲ 0% | -175.62M▼ 191.0% | -7.49M▲ 95.7% | -23.45M▼ 213.2% | 37.8B▲ 161249.5% | 10.03M▲ 0% |
| Free Cash Flow | -74.5M▲ 0% | -143.38M▼ 92.4% | -108.85M▲ 24.1% | -32.69M▲ 70.0% | -30.35B▼ 92762.4% | -23.89M▲ 0% |
| FCF Margin % | -271.52% | -182.17% | -140.55% | -79.72% | -66.02% | -48.61% |
| FCF Growth % | - | -92.45% | 24.09% | 69.97% | -92762.39% | -126.91% |
| FCF per Share | -666.47 | -372.32 | -275.02 | -38.58 | -1.84 | -1.84 |
| FCF Conversion (FCF/Net Income) | -5.53x | -15.56x | 0.78x | 0.45x | 0.39x | 0.33x |
| Interest Paid | 0 | 372K | 9.72M | 1.18M | 0 | 852K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
VELO Key Ratios
Velo3D, Inc. (VELO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 6.4% | -130.48% | -135.73% | -373.67% | -234.86% |
| Return on Invested Capital (ROIC) | -306.77% | -91.24% | -85.9% | -1497.17% | -1497.17% |
| Gross Margin | 1.07% | -33.92% | -5.08% | -16.11% | -1.83% |
| Net Margin | 10.13% | -174.5% | -178.76% | -155.23% | -148.39% |
| Debt / Equity | 0.16x | 0.67x | 0.40x | 0.17x | 0.17x |
| Interest Coverage | -285.78x | -13.71x | -5.16x | - | -19.11x |
| FCF Conversion | -15.56x | 0.78x | 0.45x | 0.39x | 0.33x |
| Revenue Growth | 186.84% | -1.6% | -47.05% | 112021.06% | 164.42% |
VELO SEC Filings & Documents
Velo3D, Inc. (VELO) SEC filings — annual & quarterly reports (10-K, 10-Q)
VELO Frequently Asked Questions
Velo3D, Inc. (VELO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Velo3D, Inc. (VELO) reported $49.2M in revenue for fiscal year 2025. This represents a 79% increase from $27.4M in 2021.
Velo3D, Inc. (VELO) grew revenue by 112021.1% over the past year. This is strong growth.
Velo3D, Inc. (VELO) reported a net loss of $72.9M for fiscal year 2025.
Dividend & Returns
Velo3D, Inc. (VELO) has a return on equity (ROE) of -373.7%. Negative ROE indicates the company is unprofitable.
Velo3D, Inc. (VELO) had negative free cash flow of $23.9M in fiscal year 2025, likely due to heavy capital investments.
Explore More VELO
Velo3D, Inc. (VELO) financial analysis — history, returns, DCA and operating performance tools
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Revenue History
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