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NASDAQ · SPECIAL INDUSTRY MACHINERY, NEC · SMALL CAP

Velo3D, Inc. VELO

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$46.0M
▲ 12.1% YoY
$-71.4M
$-30.0M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Velo3D is a production-focused metal additive manufacturing technology company that develops and manufactures advanced metal additive manufacturing systems and provides production and engineering services that enable customers to manufacture high-value metal parts at scale. Its business combines two complementary operating models: equipment sales, consisting primarily of its Sapphire family of metal additive manufacturing systems and associated software, and production and engineering services, delivered through its Rapid Production Solutions offering and Expert Services organization. Its technology supports production of mission-critical components such as propulsion hardware, hypersonic engine parts, thermal management systems, airframe components, and advanced munitions. Its platform combines Flow print preparation software, the Sapphire family of metal additive manufacturing systems, Assure quality assurance software, and its proprietary Intelligent Fusion manufacturing process. As of December 31, 2025 and 2024, the company had 134 and 105 full-time employees, respectively, the majority of them based at its headquarters and manufacturing facility in Fremont, California.

Written from the business description in Velo3D, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 46.0M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 46.0 · Net income -71.4
30M60M-50M-100M
202020232025
Compound annual growth
−16.4%
+19.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +19.4% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−155 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -119.5% · Net -155.2%
-100%-200%-300%
202020222025
ROE
FY2025 · ROE -183.4%
-50%-100%-150%
202020222025
Three returns, three denominators.
Gross margin-16.1%
Operating margin-119.5%
Net margin-155.2%
EBITDAUSD -51.5M

Each USD of equity lost 183 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -30.0
-50M-100M
202020222025

Total assetsUSD 105.3M
EquityUSD 38.2M
CashUSD 39.0M
Gross debtUSD 31.0M
Net debtUSD -8.0M
Current ratio2.37×

The company holds more cash than debt.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
VELO, 6-year financial record
Metric 202520242023202220212020
Revenue $B0.00.00.10.10.00.0
Operating income $B−0.1−0.1−0.1−0.1−0.1−0.0
EBITDA $B−0.1−0.1−0.1−0.1−0.1−0.0
Income tax $B0.0−0.00.00.00.00.0
Net income $B−0.1−0.1−0.10.0−0.1−0.0
Free cash flow $B−0.0−0.0−0.1−0.1−0.1−0.0
EPS, diluted $−4.33−82.32−23.970.04−1.82−0.56
Dividend / sh $◌◌◌◌◌◌
Payout % — not applicable: no dividend——————
ROE %−183.4−129.2−130.56.4——
Shares out B0.020.190.260.190.180.02

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySpecial Industry Machinery, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2020

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