Saturday 17 October 2026 Export VELO’s income statement to Excel — free account

Velo3D, Inc.

Velo3D, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $46.0 million, up 12.1% from fiscal 2024. In the quarter to June 2026, revenue grew 52.3%, EPS grew 60.2%, free cash flow fell 731.6% and total debt fell 63.6%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

6.80 0.67 −8.97%

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Market cap: $240.2M
P/E: 0.0×
Fwd P/E: −16.9×
Dividend yield: —
F-score: 3/9
Altman Z: −5.35
Beneish M: n/a
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 49.54%

Capital & Financial Ratios $m

Market Cap 240.15

Revenue 57.56

Net Income (51.59)

Free Cash Flow (58.67)

Net Debt (82.97)

Current Ratio 6.33

Debt/Equity 0.06

P/E ratio 0.00

Fwd P/E (16.90)

P/S ratio 3.48

P/B ratio 1.37

Past 5Y EPS Growth —

This Y EPS Growth 75.64%

Next Y EPS Growth 36.26%

Next Y revenue growth 58.57%

Next 5Y EPS Growth 55.56%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 47.20%

10-year low 10-year high

P/B against its own 10 years 22.92%

10-year low 10-year high

EV/Sales against its own 10 years 32.92%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	31	1	39	91
Receivables	10	4	6	8
Inventory	61	50	27	28
Other	8	1	2	12
	113	58	80	156

	2023	2024	2025	Q'26
Payables	16	19	10	5
ST’ Debt	21	6	6	3
Other	5	10	9	11
	49	38	34	25

Compound Annual Growth %

	10y	5y	3y
Sales	—	19.36%	(16.41%)
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	(34.98%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	14	21	—	—	—
’25	9	14	14	9	46
’24	10	10	8	13	41
’23	27	25	23	2	77
’22	12	20	19	28	79
’21	1	7	9	10	27

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(18)	(22)	—	—	—
’25	(12)	(1)	(6)	(8)	(27)
’24	(21)	(8)	(2)	(2)	(33)
’23	(31)	(28)	(22)	(25)	(106)
’22	(30)	(39)	(23)	(32)	(124)
’21	(3)	(10)	(18)	(25)	(56)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(19)	(25)	—	—	—
’25	(12)	(3)	(6)	(8)	(30)
’24	(21)	(8)	(2)	(2)	(33)
’23	(31)	(32)	(22)	(24)	(109)
’22	(36)	(44)	(29)	(35)	(143)
’21	(6)	(13)	(21)	(35)	(75)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.28)	(0.39)	—	—	—
’25	(1.95)	(0.98)	(0.69)	(1.03)	(4.33)
’24	(57.66)	(0.30)	(37.03)	(12.59)	(86.51)
’23	(99.60)	(62.91)	(47.18)	(146.78)	(356.46)
’22	(188.72)	330.25	(214.93)	57.66	20.66
’21	(443.32)	(406.97)	(1.76k)	(41.94)	(956.56)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	3,717.00	672.00	204.75	4.50	1.43	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	6,919.50	5,722.50	2,073.75	331.28	28.50
People
People	Employees	—	—	—	—	—	193	294	237	105	134
	Revenue/emp, $m	—	—	—	—	0.00	0.14	0.27	0.33	0.39	0.34
Income, $m
Income, $m	Revenue	—	—	—	—	19	27	79	77	41	46
	Gross margin, %	—	—	—	—	33.55	18.07	1.07	(33.92)	(5.08)	(16.11)
	EBT	—	—	—	—	(22)	(107)	8	(135)	(70)	(71)
	EBT margin, %	—	—	—	—	(114.92)	(390.29)	10.13	(174.50)	(170.14)	(154.97)
	Net income	—	0	—	—	(22)	(107)	8	(135)	(70)	(71)
	Depreciation	—	—	—	—	1	3	5	9	18	4
Per share, $
Per share, $	Revenue	—	—	—	—	636.75	244.99	222.90	205.91	48.41	2.79
	Earnings	—	—	—	—	(731.43)	(956.56)	26.21	(356.46)	(86.51)	(4.33)
	Cash flow	—	—	—	—	(887.45)	(503.61)	(351.07)	(280.87)	(38.58)	(1.66)
	Capex	—	—	—	—	(115.07)	(161.60)	(54.99)	(8.53)	0.01	(0.16)
	Free cash flow	—	—	—	—	(1,002.52)	(665.21)	(406.06)	(289.41)	(38.57)	(1.82)
	Book value	—	—	—	—	(3,618.15)	985.85	393.08	181.71	46.83	2.31
	Shares, m	—	—	—	—	0	0	0	0	1	16
Valuation, ×
Valuation, ×	P/E	—	—	—	—	0.00	0.00	43.82	0.00	0.00	0.00
	P/S	—	—	—	—	0.00	16.74	4.12	0.95	0.21	4.93
	P/B	—	—	—	—	849.02	4.16	2.34	1.07	0.22	5.94
	EV/Sales	—	—	—	—	0.00	8.90	3.21	0.97	0.37	4.75
	EV/FCF	—	—	—	—	0.00	(3.28)	(1.76)	(0.69)	(0.46)	(7.28)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	(26)	(56)	(124)	(106)	(33)	(27)
	Capex	—	—	—	—	(3)	(18)	(19)	(3)	0	(3)
	Free cash flow	—	—	—	—	(30)	(75)	(143)	(109)	(33)	(30)
Balance, $m
Balance, $m	Working capital	—	—	—	—	16	221	125	64	20	46
	Total debt	—	—	—	—	8	8	8	33	6	31
	Net debt	—	—	—	—	(8)	(215)	(72)	2	4	(8)
	Shareholders’ equity	—	—	—	—	(108)	110	139	68	40	38
Returns, %
Returns, %	ROA	—	—	—	—	(53.57)	(63.86)	3.03	(71.72)	(57.41)	(73.37)
	ROIC	—	—	—	—	0.00	0.00	(99.48)	(118.37)	(111.62)	(113.82)
	ROE	—	—	—	—	(675.10)	(8,256.82)	6.40	(130.48)	(129.15)	(183.40)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SSYS Stratasys, Ltd.	$627.2M	— (loss-making)	— (loss-making)	−0.35% (below 0%: shrinking)	n/m	−86.34% (below 0%: shrinking)	42.32%	(9.79%)	Compare
DDD 3D Systems Corporation	$491.8M	— (loss-making)	— (loss-making)	−0.27% (below 0%: shrinking)	n/m	+62.75% (above 0%: growing)	36.44%	(11.26%)	Compare
NNDM Nano Dimension Ltd.	$303.3M	— (loss-making)	209×	+12.10% (above 0%: growing)	n/m	+49.35% (above 0%: growing)	45.90%	(71.03%)	Compare
VELO Velo3D, Inc.	$240.2M	— (loss-making)	— (loss-making)	+52.25% (above 0%: growing)	n/m	−731.61% (below 0%: shrinking)	21.50%	(53.53%)
BGIN Bgin Blockchain Limited	$221.8M	—	—	—	—	—	—	—	Compare
CAN Canaan Inc. Sponsored ADR	$177.4M	— (loss-making)	— (loss-making)	−68.20% (below 0%: shrinking)	n/m	+11.34% (above 0%: growing)	(92.06%)	(192.04%)	Compare
OSS One Stop Systems, Inc.	$163.4M	99.2×	— (loss-making)	+62.28% (above 0%: growing)	n/m	−262.64% (below 0%: shrinking)	39.05%	(82.06%)	Compare
DPRO Draganfly Inc.	$152.6M	— (loss-making)	— (loss-making)	+25.84% (above 0%: growing)	n/m	−149.77% (below 0%: shrinking)	20.01%	(584.90%)	Compare
QTEX QTREX Quantum Ltd.	$106.0M	— (loss-making)	14.2×	—	n/m	−1,872.62% (below 0%: shrinking)	0.00%	0.00%	Compare
Median of peers	$199.6M	—	—	+5.92%	—	−86.34%	36.44%	(71.03%)

All 38 Computer Hardware stocks →

Velo3D, Inc. (VELO) key facts

Strength: Velo3D, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $46.0 million, up 12.1% from fiscal 2024.
Velo3D, Inc. (VELO) is a Computer Hardware company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, VELO traded at $6.80, a market capitalization of $240.2 million.
Return on equity was −183.4% and debt-to-equity 0.06.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −5.35 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.