VELO

MKT CAP:$363M

Velo3D, Inc.

Market Cap

$363M

Technology·Computer Hardware·🇺🇸 United States·NASDAQ

Technology·Computer Hardware·🇺🇸·NASDAQ

Stock Price

$17.04+$0.46 (+2.77%)

Apr 24, 2026

Company Details

Velo3D, 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 ot...

CEO

Arun Jeldi

IPO Date

Jan 25, 2021

Website

www.velo3d.com

Key Metrics TTM

Revenue

$49M

+59.4% YoY

Net Income

-$73M

EPS (Diluted)

-$16.17

Free Cash Flow

-$24M

Revenue / Share

$2.35

Gross Margin

-1.8%

Operating Margin

-114.5%

Net Margin

-148.4%

FCF Margin

-48.6%

P/S

7.4x

P/E

—

Earnings Reports

Q4 2025

May 13, 2026

PENDING

Q3 2025

Nov 12, 2025

$14M+65.4%EPS -$0.69

Q2 2025

Aug 6, 2025

$14M+31.2%EPS -$0.98

Q1 2025

May 15, 2025

$9M-4.8%EPS -$1.90

FY 2024

Mar 31, 2025

$41M-47.1%EPS -$86.51

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$0	$0	-$696.1K
Q3 21	$0	$0	-$2M
Q4 21	$0	$0	$490.2K
Q4 23	$2M	-$31M	-$57M
Q1 24	$10M	-$3M	-$21M
Q2 24	$10M	-$3M	-$21M
Q3 24	$8M	$4M	-$19M
Q4 24	$13M	-$444.0K	-$22M
Q1 25	$9M	$697.0K	-$12M
Q2 25	$14M	-$2M	-$12M
Q3 25	$14M	$433.0K	-$11M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q4 23	29.4x	—
Q1 24	11.2x	—
Q2 24	1.2x	—
Q3 24	0.2x	—
Q4 24	0.2x	—
Q1 25	0.8x	—
Q2 25	2.4x	—
Q3 25	1.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$222.2K	-$222.2K
Q4 21	-$153.6K	-$153.6K
Q2 24	-$8M	-$8M
Q3 24	-$2M	-$2M
Q4 24	-$2M	-$2M
Q1 25	-$12M	-$12M
Q2 25	-$1M	-$3M
Q3 25	-$6M	-$6M

Capital Expenditures

Quarter	CapEx
Q2 21	$0
Q4 21	$0
Q2 24	$1.0K
Q3 24	$20.0K
Q4 24	$19.0K
Q1 25	$0
Q2 25	$2M
Q3 25	$313.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	—	+4387.1%
Q2 24	—	+1933.7%
Q3 24	—	+5606.1%
Q4 24	+414.3%	-42.8%
Q1 25	-4.8%	-32.0%
Q2 25	+31.2%	-16.9%
Q3 25	+65.4%	-10.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	—
Q4 21	$0	—
Q2 24	$4M	41.1%
Q3 24	$4M	44.9%
Q4 24	$2M	18.4%
Q1 25	$4M	43.7%
Q2 25	$2M	17.7%
Q3 25	$3M	19.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 21	—	$646.3K	—
Q3 21	—	$1M	—
Q4 21	—	$962.4K	—
Q4 23	$10M	$8M	$5M
Q1 24	$5M	$9M	$5M
Q2 24	$5M	$9M	$4M
Q3 24	$4M	$15M	$3M
Q4 24	$3M	$16M	$2M
Q1 25	$1M	$9M	$2M
Q2 25	$3M	$6M	$2M
Q3 25	$3M	$6M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 21	$847.6K	$0	$847.6K
Q2 21	$625.4K	$0	$625.4K
Q3 21	$467.9K	$0	$467.9K
Q4 21	$1M	$0	$1M
Q1 22	$724.7K	$0	$724.7K
Q2 22	$308.0K	$0	$308.0K
Q3 22	$363.3K	$0	$363.3K
Q4 23	$24M	$7M	$31M
Q1 24	$8M	$3M	$11M
Q2 24	$2M	$699.0K	$3M
Q3 24	$2M	$0	$2M
Q4 24	$1M	$0	$1M
Q1 25	$4M	$0	$4M
Q2 25	$854.0K	$0	$854.0K
Q3 25	$12M	$0	$12M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	31K	—	—
Q3 21	38K	+22.6%	—
Q4 21	75K	+98.2%	—
Q4 23	396K	+429.7%	—
Q1 24	496K	+25.2%	+1511.7%
Q2 24	565K	+14.0%	+1398.6%
Q3 24	616K	+9.0%	+724.2%
Q4 24	847K	+37.5%	+114.0%
Q1 25	13M	+1481.3%	+2602.3%
Q2 25	14M	+4.8%	+2385.1%
Q3 25	21M	+48.9%	+3294.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$0	2
Q3 21	$0	2
Q4 21	$0	193
Q4 23	$10.4K	237
Q1 24	$41.3K	237
Q2 24	$43.6K	237
Q3 24	$34.8K	237
Q4 24	$120.2K	105
Q1 25	$88.8K	105
Q2 25	$129.3K	105
Q3 25	$129.9K	105

Revenue / Employee