NASDAQ : VELO
Velo3D, Inc. — Financial statements
Technology · Computer Hardware · United States
Last price 7.07 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 227.29M
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Financial statements
Velo3D, Inc. (VELO) reported revenue of 57.56M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 56.38M | 45.45M | 36.00M | 77.44M | 78.71M | 27.44M |
| Other Revenue | 1.18M | 524.00K | 5.00M | |||
| Revenue | 57.56M | 45.97M | 41.00M | 77.44M | 78.71M | 27.44M |
| Cost of Revenue | 57.25M | 53.38M | 43.09M | 103.71M | 77.86M | 22.48M |
| Gross Profit | 310.00K | -7.40M | -2.08M | -26.27M | 843.00K | 4.96M |
| Selling, General & Admin | 37.09M | 36.86M | 61.23M | 64.96M | 60.89M | 31.32M |
| Research & Development | 13.03M | 10.65M | 15.48M | 42.03M | 46.27M | 27.00M |
| Operating Expenses | 50.12M | 47.52M | 76.71M | 106.99M | 107.16M | 58.32M |
| Operating Income | -49.81M | -54.92M | -78.79M | -133.25M | -106.31M | -53.36M |
| Interest Expense | -2.63M | -4.36M | -15.97M | -9.72M | -372.00K | -2.74M |
| Other Non Operating Income (Expenses) | -1.90M | -11.97M | 28.46M | 11.33M | 20.58M | -5.29M |
| EBT Excluding Unusual Items | -54.34M | -71.25M | -66.31M | -131.65M | -86.10M | -61.39M |
| Merger & Restructuring Charges | -4.40M | |||||
| Other Unusual Items | 10.00K | 10.00K | -3.46M | -3.49M | 94.07M | -41.30M |
| Pretax Income | -51.56M | -71.25M | -69.76M | -135.14M | 7.97M | -107.09M |
| Income Tax Expense | 37.00K | 117.00K | -20.00K | |||
| Earnings From Continuing Operations | -51.59M | -71.36M | -69.74M | -135.14M | 7.97M | -107.09M |
| Net Income | -51.59M | -71.36M | -69.74M | -135.14M | 7.97M | -107.09M |
| Net Income to Common | -51.59M | -71.36M | -69.74M | -135.14M | 7.97M | -107.09M |
| Shares Outstanding (Basic) | 23.25M | 16.49M | 847.26K | 375.92K | 352.53K | 111.79K |
| Shares Outstanding (Diluted) | 23.25M | 16.49M | 847.26K | 375.92K | 385.10K | 111.79K |
| EPS (Basic) | -2.22 | -4.33 | -82.32 | -359.49 | 22.61 | -957.98 |
| EPS (Diluted) | -2.22 | -4.33 | -82.32 | -359.49 | 21.00 | -957.98 |
| Free Cash Flow | -58.67M | -30.04M | -32.69M | -108.85M | -143.38M | -74.50M |
| Free Cash Flow Per Share | -2.52 | -1.82 | -38.58 | -289.54 | -372.32 | -666.47 |
| Gross Margin | 0.54% | -16.11% | -5.08% | -33.92% | 1.07% | 18.07% |
| Operating Margin | -86.53% | -119.46% | -192.17% | -172.07% | -135.07% | -194.46% |
| Profit Margin | -89.63% | -155.23% | -170.09% | -174.50% | 10.12% | -390.29% |
| Free Cash Flow Margin | -101.92% | -65.35% | -79.72% | -140.55% | -182.17% | -271.52% |
| EBITDA | -46.77M | -51.54M | -74.02M | -123.94M | -101.02M | -50.35M |
| EBITDA Margin | -81.26% | -112.11% | -180.51% | -160.04% | -128.35% | -183.50% |
| D&A For EBITDA | 3.04M | 3.38M | 4.78M | 9.31M | 5.29M | 3.01M |
| EBIT | -49.81M | -54.92M | -78.79M | -133.25M | -106.31M | -53.36M |
| EBIT Margin | -86.53% | -119.46% | -192.17% | -172.07% | -135.07% | -194.46% |
| Revenue as Reported | 57.56M | 45.97M | 41.00M | 77.44M | 78.71M | 27.44M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 91.14M | 39.01M | 1.21M | 24.49M | 31.98M | 207.60M |
| Short-Term Investments | 6.62M | 48.21M | 15.48M | |||
| Cash & Short-Term Investments | 91.14M | 39.01M | 1.21M | 31.11M | 80.20M | 223.09M |
| Receivables | 20.52M | 10.03M | 4.22M | 17.09M | 14.59M | 13.05M |
| Inventory | 27.58M | 27.08M | 49.95M | 60.82M | 71.20M | 22.48M |
| Prepaid Expenses | 2.95M | 1.33M | 1.72M | 2.74M | 3.32M | 5.33M |
| Other Current Assets | 13.94M | 2.66M | 612.00K | 1.26M | 2.22M | 4.13M |
| Total Current Assets | 156.13M | 80.12M | 57.72M | 113.02M | 171.52M | 268.07M |
| Property, Plant & Equipment | 38.10M | 22.36M | 26.72M | 33.66M | 42.43M | 29.48M |
| Long-Term Accounts Receivable | 2.71M | 5.91M | ||||
| Other Long-Term Assets | 5.92M | 2.87M | 2.03M | 7.11M | 3.21M | 5.16M |
| Total Assets | 200.15M | 105.35M | 89.18M | 153.80M | 223.06M | 302.72M |
| Accounts Payable | 5.24M | 10.30M | 18.54M | 15.85M | 12.21M | 9.88M |
| Accrued Expenses | 1.91M | 3.59M | 1.73M | 4.22M | 13.43M | 7.16M |
| Current Portion of Long-Term Debt | 3.21M | 5.67M | 21.19M | 2.77M | 5.11M | |
| Current Portion of Leases | 3.30M | 5.20M | 1.78M | 2.27M | 2.45M | 2.26M |
| Current Unearned Revenue | 11.25M | 9.28M | 10.29M | 5.13M | 15.19M | 22.25M |
| Other Current Liabilities | 2.95M | 2.23M | ||||
| Total Current Liabilities | 24.65M | 33.80M | 38.00M | 48.67M | 46.05M | 46.66M |
| Long-Term Debt | 18.34M | 11.94M | 5.42M | 2.96M | ||
| Long-Term Leases | 27.51M | 13.48M | 8.47M | 10.18M | 12.21M | 9.18M |
| Other Long-Term Liabilities | 1.45M | 1.56M | 3.04M | 14.67M | 20.59M | 133.50M |
| Total Liabilities | 53.61M | 67.19M | 49.52M | 85.46M | 84.27M | 192.30M |
| Common Stock | 5.00K | 5.00K | 4.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 663.18M | 536.29M | 466.44M | 425.47M | 361.53M | 340.29M |
| Retained Earnings | -516.65M | -498.14M | -426.78M | -357.04M | -221.90M | -229.87M |
| Comprehensive Income & Other | -96.00K | -837.00K | -14.00K | |||
| Total Common Equity | 146.54M | 38.16M | 39.66M | 68.34M | 138.79M | 110.42M |
| Shareholders' Equity | 146.54M | 38.16M | 39.66M | 68.34M | 138.79M | 110.42M |
| Total Liabilities & Equity | 200.15M | 105.35M | 89.18M | 153.80M | 223.06M | 302.72M |
| Total Debt | 30.82M | 40.23M | 15.92M | 45.57M | 22.85M | 19.51M |
| Net Cash (Debt) | 60.33M | -1.22M | -14.71M | -14.46M | 57.35M | 203.57M |
| Net Cash Per Share | 2.59 | -0.07 | -17.36 | -38.46 | 148.92 | 1,821.08 |
| Filing Date Shares Outstanding | 32.15M | 26.22M | 14.07M | 498.49K | 366.46K | 349.63K |
| Total Common Shares Outstanding | 32.15M | 24.61M | 12.99M | 492.23K | 357.26K | 349.01K |
| Working Capital | 131.49M | 46.32M | 19.72M | 64.35M | 125.47M | 221.41M |
| Book Value Per Share | 4.56 | 1.55 | 3.05 | 138.84 | 388.50 | 316.36 |
| Tangible Book Value | 146.54M | 38.16M | 39.66M | 68.34M | 138.79M | 110.42M |
| Tangible Book Value Per Share | 4.56 | 1.55 | 3.05 | 138.84 | 388.50 | 316.36 |
| Machinery | 13.93M | 12.00M | 13.74M | 10.83M | 9.78M | 3.77M |
| Construction In Progress | 329.00K | 3.00K | 6.27M | |||
| Leasehold Improvements | 15.75M | 14.25M | 13.31M | 14.41M | 16.27M | 2.77M |
| Order Backlog | 31.00M | 16.00M | 43.00M | 47.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -51.59M | -71.36M | -69.74M | -135.14M | 7.97M | -107.09M |
| Depreciation & Amortization | 3.04M | 3.38M | 4.78M | 9.31M | 5.29M | 3.01M |
| Other Amortization | 111.00K | 192.00K | 14.95M | 1.36M | ||
| Loss (Gain) From Sale of Assets | -2.75M | 24.00K | 11.00K | |||
| Asset Writedown & Restructuring Costs | 1.07M | 1.07M | ||||
| Loss (Gain) From Sale of Investments | 23.00K | 14.00K | ||||
| Stock-Based Compensation | 8.46M | 9.51M | 11.81M | 24.93M | 20.15M | 4.37M |
| Provision & Write-off of Bad Debts | 3.25M | 3.25M | 2.79M | |||
| Other Operating Activities | 7.29M | 19.61M | -18.88M | -7.33M | -113.20M | 46.50M |
| Change in Accounts Receivable | -16.93M | -7.33M | 10.08M | -7.62M | -1.54M | -8.79M |
| Change in Inventory | 23.16M | 24.41M | 6.12M | 13.73M | -47.02M | -8.01M |
| Change in Accounts Payable | -22.62M | -15.30M | -743.00K | 2.21M | 2.34M | 1.88M |
| Change in Unearned Revenue | 4.54M | -1.00M | 5.15M | -10.06M | -7.06M | 17.55M |
| Change in Other Net Operating Assets | -10.32M | 6.23M | 980.00K | 2.96M | 9.10M | -5.82M |
| Operating Cash Flow | -53.30M | -27.33M | -32.68M | -105.64M | -123.96M | -56.40M |
| Capital Expenditures | -5.37M | -2.71M | -9.00K | -3.21M | -19.42M | -18.10M |
| Sale of Property, Plant & Equipment | 20.00K | |||||
| Investment in Securities | 6.67M | 42.10M | -33.60M | -15.49M | ||
| Other Investing Activities | 1.08M | |||||
| Investing Cash Flow | -5.37M | -2.71M | 7.77M | 38.89M | -53.02M | -33.59M |
| Long-Term Debt Issued | 25.00M | 500.00K | 138.45M | 9.06M | 32.76M | |
| Long-Term Debt Repaid | -2.94M | -11.75M | -118.84M | -8.98M | -28.53M | |
| Net Debt Issued (Repaid) | 2.52M | 22.06M | -11.25M | 19.61M | 86.00K | 4.23M |
| Issuance of Common Stock | 159.55M | 50.13M | 14.01M | 39.65M | 1.26M | 155.38M |
| Other Financing Activities | -9.77M | -4.36M | -1.30M | 123.27M | ||
| Financing Cash Flow | 152.30M | 67.83M | 1.46M | 59.26M | 1.34M | 282.89M |
| Foreign Exchange Rate Adjustments | 5.00K | -4.00K | -5.00K | 23.00K | -7.00K | |
| Net Cash Flow | 93.63M | 37.80M | -23.45M | -7.49M | -175.62M | 192.88M |
| Free Cash Flow | -58.67M | -30.04M | -32.69M | -108.85M | -143.38M | -74.50M |
| Free Cash Flow Margin | -101.92% | -65.35% | -79.72% | -140.55% | -182.17% | -271.52% |
| Free Cash Flow Per Share | -2.52 | -1.82 | -38.58 | -289.54 | -372.32 | -666.47 |
| Levered Free Cash Flow | -46.25M | -16.44M | 3.04M | -63.18M | -105.45M | -47.05M |
| Unlevered Free Cash Flow | -44.72M | -13.90M | -617.25K | -57.10M | -105.22M | -45.34M |
| Cash Interest Paid | 987.00K | 1.12M | 1.18M | 9.72M | 372.00K | 1.42M |
| Cash Income Tax Paid | 117.00K | 117.00K | ||||
| Change in Working Capital | -22.16M | 7.00M | 21.59M | 1.22M | -44.17M | -3.19M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 181.00M | 287.33M | 131.56M | 102.13M | 333.69M | 1.43B |
| Enterprise Value | 120.67M | 308.18M | 164.33M | 95.60M | 243.03M | 1.16B |
| Last Close Price | 6.56 | 13.74 | 10.12 | 208.74 | 939.75 | 4,100.25 |
| PE Ratio | 41.87 | |||||
| PS Ratio | 3.31 | 6.25 | 3.21 | 1.32 | 4.24 | 52.13 |
| PB Ratio | 1.44 | 7.53 | 3.32 | 1.49 | 2.40 | 12.96 |
| P/TBV Ratio | 1.30 | 7.53 | 3.32 | 1.49 | 2.40 | 12.96 |
| EV/Sales Ratio | 2.26 | 6.70 | 4.01 | 1.24 | 3.09 | 42.41 |
| Debt / Equity Ratio | 0.21 | 1.05 | 0.40 | 0.67 | 0.17 | 0.18 |
| Net Debt / Equity Ratio | -0.41 | 0.03 | 0.37 | 0.21 | -0.41 | -1.84 |
| Net Debt / EBITDA Ratio | 1.29 | -0.02 | -0.20 | -0.12 | 0.57 | 4.04 |
| Net Debt / FCF Ratio | 1.03 | -0.04 | -0.45 | -0.13 | 0.40 | 2.73 |
| Asset Turnover | 0.41 | 0.47 | 0.34 | 0.41 | 0.30 | 0.16 |
| Inventory Turnover | 1.74 | 1.39 | 0.78 | 1.57 | 1.66 | 1.51 |
| Quick Ratio | 4.53 | 1.45 | 0.14 | 0.99 | 2.06 | 5.06 |
| Current Ratio | 6.33 | 2.37 | 1.52 | 2.32 | 3.72 | 5.75 |
| Return on Equity (ROE) | -61.39% | -183.40% | -129.15% | -130.48% | 6.40% | -169.59% |
| Return on Assets (ROA) | -22.34% | -35.29% | -40.53% | -44.20% | -25.27% | -19.89% |
| Return on Capital Employed (ROCE) | -28.40% | -76.80% | -154.00% | -126.80% | -60.10% | -20.80% |
| Earnings Yield | -39.44% | -24.84% | -53.02% | -132.33% | 2.39% | -7.49% |
| FCF Yield | -30.77% | -10.46% | -24.85% | -106.58% | -42.97% | -5.21% |
| Buyback Yield / Dilution | -212.45% | -1,845.89% | -125.38% | 2.38% | -244.49% | -275.51% |