VLD · Velo3d, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.82M | - | $13.64M | $13.57M | $9.32M | - | $8.25M | $10.34M | $9.79M | - |
| Cost of Revenue | $11.44M | - | $13.21M | $15.16M | $8.62M | - | $4.18M | $13.24M | $12.60M | - |
| Gross Profit | $2.38M | - | $433.0K | ($1.59M) | $697.0K | - | $4.07M | ($2.90M) | ($2.81M) | - |
| R&D | $2.69M | - | $3.04M | $2.85M | $1.21M | - | $4.44M | $4.54M | $5.04M | - |
| SG&A | $4.91M | - | $6.04M | $6.04M | $9.13M | - | $15.28M | $8.80M | $8.78M | - |
| Total Operating Expenses | $9.33M | - | $11.06M | $10.50M | $12.62M | - | $22.82M | $17.62M | $18.64M | - |
| D&A | $762.0K | - | $700.0K | $800.0K | $942.0K | - | $1.10M | $1.10M | $4.57M | - |
| Operating Income | ($6.95M) | - | ($10.63M) | ($12.09M) | ($11.92M) | - | ($18.75M) | ($20.52M) | ($21.45M) | - |
| Interest Expense | $733.0K | - | $1.20M | $5.46M | $1.07M | - | $10.95M | $5.46M | $3.90M | - |
| Income Tax | $26.0K | - | ($14.0K) | $89.0K | $8.0K | - | $0 | ($4.0K) | $4.0K | - |
| Net Income | ($7.00M) | - | ($11.82M) | ($13.76M) | ($25.41M) | - | ($22.86M) | ($172.0K) | ($28.31M) | - |
| EPS - Basic | ($0.28) | - | ($0.69) | ($0.98) | ($0.13) | - | ($2.47) | ($0.02) | ($0.11) | - |
| EPS - Diluted | ($0.28) | - | ($0.69) | ($0.98) | ($0.13) | - | ($2.47) | ($0.02) | ($0.11) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.56M | $39.01M | $11.84M | $854.0K | $3.87M | $1.21M | $1.64M | $2.46M | $7.75M | $24.49M |
| Accounts Receivable | $6.73M | $6.26M | $6.67M | $5.39M | $4.57M | $3.72M | $10.21M | $8.34M | $11.65M | $9.58M |
| Inventory | $28.10M | $27.08M | $35.39M | $38.42M | $46.13M | $49.95M | $61.98M | $59.52M | $62.80M | $60.82M |
| Accounts Payable | $9.09M | $10.30M | $11.34M | $14.85M | $16.36M | $18.54M | $17.67M | $14.01M | $15.60M | $15.85M |
| Current Assets | $65.17M | $80.12M | $59.17M | $48.90M | $61.77M | $57.72M | $79.79M | $82.17M | $98.34M | $118.14M |
| Total Assets | $92.40M | $105.35M | $93.90M | $78.56M | $91.40M | $89.18M | $110.79M | $116.65M | $136.15M | $153.80M |
| Current Liabilities | $26.62M | $33.80M | $37.57M | $42.74M | $43.89M | $38.00M | $63.40M | $48.55M | $60.86M | $48.67M |
| Long-term Debt | $9.17M | $31.02M | $23.02M | $5.56M | $21.66M | $5.99M | $32.25M | $33.50M | $44.00M | $44.00M |
| Total Liabilities | $40.86M | $67.19M | $63.74M | $57.02M | $58.52M | $49.52M | $76.10M | $64.53M | $90.70M | $85.46M |
| Stockholders' Equity | $51.54M | $38.16M | $30.16M | $21.54M | $32.88M | $39.66M | $34.69M | $52.12M | $45.45M | $68.34M |
| Retained Earnings | ($505.14M) | ($498.14M) | ($481.33M) | ($469.50M) | ($455.75M) | ($430.33M) | ($408.38M) | ($385.52M) | ($385.35M) | ($357.04M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($17.98M) | - | - | - | ($12.35M) | - | - | - | ($20.52M) | - |
| Investing Cash Flow | ($940.0K) | - | - | - | $0 | - | - | - | $3.49M | - |
| Financing Cash Flow | ($3.54M) | - | - | - | $15.00M | - | - | - | $285.0K | - |
| CapEx | $940.0K | - | - | - | $0 | - | - | - | $6.0K | - |
| Free Cash Flow | ($18.92M) | - | - | - | ($12.35M) | - | - | - | ($20.53M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 17.2% | - | 3.2% | -11.7% | 7.5% | - | 49.4% | -28.0% | -28.8% | - |
| Operating margin | -50.3% | - | -77.9% | -89.1% | -127.9% | - | -227.3% | -198.4% | -219.2% | - |
| EBITDA margin | -44.8% | - | -72.8% | -83.2% | -117.8% | - | -214.0% | -187.7% | -172.5% | - |
| Net margin | -50.7% | - | -86.7% | -101.4% | -272.7% | - | -277.2% | -1.7% | -289.3% | - |
| Free cash flow margin | -136.9% | - | - | - | -132.5% | - | - | - | -209.8% | - |
| FCF / Net income | 2.70 | - | - | - | 0.49 | - | - | - | 0.73 | - |
| R&D / Revenue | 19.5% | - | 22.3% | 21.0% | 13.0% | - | 53.8% | 43.9% | 51.5% | - |
| SG&A / Revenue | 35.6% | - | 44.3% | 44.5% | 98.0% | - | 185.3% | 85.1% | 89.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -7.6% | - | -12.6% | -17.5% | -27.8% | - | -20.6% | -0.1% | -20.8% | - |
| Return on equity | -13.6% | - | -39.2% | -63.9% | -77.3% | - | -65.9% | -0.3% | -62.3% | - |
| Return on invested capital | -9.0% | - | -15.8% | -35.2% | -17.3% | - | -22.1% | -18.9% | -18.9% | - |
| Liquidity | ||||||||||
| Current ratio | 2.45 | 2.37 | 1.57 | 1.14 | 1.41 | 1.52 | 1.26 | 1.69 | 1.62 | 2.43 |
| Quick ratio | 1.39 | 1.57 | 0.63 | 0.25 | 0.36 | 0.20 | 0.28 | 0.47 | 0.58 | 1.18 |
| Cash ratio | 0.62 | 1.15 | 0.32 | 0.02 | 0.09 | 0.03 | 0.03 | 0.05 | 0.13 | 0.50 |
| Leverage | ||||||||||
| Debt / Equity | 0.18 | 0.81 | 0.76 | 0.26 | 0.66 | 0.15 | 0.93 | 0.64 | 0.97 | 0.64 |
| Debt / Assets | 0.10 | 0.29 | 0.25 | 0.07 | 0.24 | 0.07 | 0.29 | 0.29 | 0.32 | 0.29 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -9.5x | - | -8.9x | -2.2x | -11.1x | - | -1.7x | -3.8x | -5.5x | - |
| Equity multiplier | 1.79 | 2.76 | 3.11 | 3.65 | 2.78 | 2.25 | 3.19 | 2.24 | 3.00 | 2.25 |
| Liabilities / Assets | 0.44 | 0.64 | 0.68 | 0.73 | 0.64 | 0.56 | 0.69 | 0.55 | 0.67 | 0.56 |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.15 | 0.17 | 0.10 | - | 0.07 | 0.09 | 0.07 | - |
| Inventory turnover | 0.41 | - | 0.37 | 0.39 | 0.19 | - | 0.07 | 0.22 | 0.20 | - |
| Days sales outstanding | 178d | - | 179d | 145d | 179d | - | 452d | 294d | 435d | - |
| Days inventory outstanding | 897d | - | 978d | 925d | 1953d | - | 5417d | 1641d | 1819d | - |
| Days payable outstanding | 290d | - | 313d | 358d | 693d | - | 1545d | 386d | 452d | - |
| Cash conversion cycle | 785d | - | 843d | 712d | 1439d | - | 4324d | 1549d | 1802d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 48.2% | - | 65.4% | 31.2% | -4.8% | - | -65.4% | -58.8% | - | - |
| Revenue CAGR (3y) | - | - | -10.6% | 23.8% | -8.6% | - | -1.8% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 241.6% | - | -89.4% | 45.2% | - | - | 173.6% | - | - | - |
| Operating income growth (YoY) | 41.7% | - | 43.3% | 41.1% | 44.4% | - | 25.7% | 20.2% | - | - |
| Net income growth (YoY) | 72.5% | - | 48.3% | -7897.7% | 10.3% | - | -31.4% | 99.3% | - | - |
| EPS growth (YoY) | -115.4% | - | 72.1% | -4800.0% | -18.2% | - | -2644.4% | 83.3% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -53.2% | - | - | - | 39.8% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 56.7% | -3.8% | -13.1% | -58.7% | -27.7% | -42.0% | -66.3% | -52.9% | - | -51.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$45.97M totalA3 DPrinter And Parts$39.18M · 85.2%
Support Services$6.20M · 13.5%
Other$524.0K · 1.1%
Recurring Payment$70.0K · 0.2%
Geographic
$45.97M totalAmericas$39.90M · 86.8%
Europe$4.49M · 9.8%
Other Locations$1.58M · 3.4%
Peer comparison
Same SIC group: Special Industry Machinery, NEC
Comparing Velo3D against the 5 most active filers in the same SIC group.