V
Velo3D, Inc.
VELOCIK 0001825079NasdaqNon-AcceleratedSmaller ReportingSpecial Industry Machinery, NecDelawareFY ends Dec 31
Period
FY 2025
Revenue
$45.97M
Net Income
$-71.36M
Total Assets
$105.35M
Equity
$38.16M
Shares Out
29.80M
Op. Cash Flow
$-27.33M
Business
Velo3D, Inc. is a production-focused metal additive manufacturing technology company that designs, manufactures and sells Sapphire family laser powder bed fusion systems and provides production and engineering services. The company's offerings include equipment sales with integrated Flow preparation and Assure quality software, Rapid Production Solutions (RPS) for contract manufacturing, and Expert Services engineering support. Revenue comes from printer sales and production services across defense, aerospace, energy, semiconductor and industrial markets, with customers ranging from Fortune 500 OEMs to contract manufacturers.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total Revenue | 46 | 41 | — | — | — | |
| Total Revenue | 46 | 41 | 77 | 79 | 27 | |
| Cost of revenue | 53 | 43 | 104 | 78 | 22 | |
| Gross loss | −7 | −2 | −26 | 843,000 | 5 | |
| Research and development | 11 | 15 | 42 | 46 | 27 | |
| Selling and marketing | 7 | 13 | 23 | 24 | 12 | |
| General and administrative | 30 | 48 | 42 | 37 | 23 | |
| Total operating expenses | 48 | 77 | 107 | 107 | 63 | |
| Loss from operations | −55 | −79 | −133 | −106 | −58 | |
| Interest expense | −4 | −16 | — | — | — | |
| (Loss) gain on fair value of warrants | −1 | 32 | 2 | 19 | −5 | |
| Gain on fair value of contingent earnout liabilities | 10,000 | 1 | 16 | — | — | |
| Loss on warrant cancellation | −11 | 0 | — | — | — | |
| Loss on debt extinguishment | 0 | −5 | −19 | 0 | −51 | |
| Other income (expense), net | 526,000 | −4 | 506,000 | 1 | −88,000 | |
| Loss before income taxes | −71 | −70 | −135 | 8 | −107 | |
| (Provision) benefit for income taxes | −117,000 | 20,000 | 0 | 0 | 0 | |
| Net loss | −71 | −70 | −135 | 8 | −107 | |
| Net income (loss) per share basic | −4.33 | −82.32 | −23.97 | 0.04 | −1.82 | |
| Net income (loss) per share Diluted | −4.33 | −82.32 | −23.97 | 0.04 | −1.82 | |
| Shares used in computing net loss per share basic | 16 | 847,265 | 6 | 185 | 59 | |
| Shares used in computing net loss per share diluted | 16 | 847,265 | 6 | 202 | 59 | |
| Net unrealized holding gain on available-for-sale investments | 0 | 96,000 | 741,000 | −823,000 | −14,000 | |
| Total comprehensive loss | −71 | −70 | −134 | 7 | −107 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-09-30 | FY 2025 2025-06-30 | FY 2025 2025-03-31 | FY 2024 2024-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 39 | — | — | — | 1 | |
| Accounts receivable, net | 6 | — | — | — | 4 | |
| Inventories, net | 27 | — | — | — | 50 | |
| Contract assets | 2 | — | — | — | 500,000 | |
| Prepaid expenses and other current assets | 6 | — | — | — | 2 | |
| Total current assets | 80 | — | — | — | 58 | |
| Property and equipment, net | 13 | 3 | 3 | 4 | 14 | |
| Equipment subject to operating lease, net | 2 | — | — | — | 4 | |
| Other assets | 11 | — | — | — | 14 | |
| Total assets | 105 | 94 | 78 | 91 | 89 | |
| Accounts payable | 10 | — | — | — | 19 | |
| Accrued expenses and other current liabilities | 8 | — | — | — | 4 | |
| Debtcurrent portion | 6 | — | — | — | 6 | |
| Contract liabilities | 9 | — | — | — | 10 | |
| Total current liabilities | 34 | — | — | — | 38 | |
| Long-term debtless current portion | 25 | — | — | — | 0 | |
| Contingent earnout liabilities (Note 10) | 1,000 | — | — | — | 11,000 | |
| Warrant liabilities (Note 10) | 109,000 | — | — | — | 2 | |
| Other noncurrent liabilities | 9 | — | — | — | 9 | |
| Total liabilities | 67 | — | — | — | 50 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Common stock, $0.00001 par value - 500,000,000 shares authorized at December 31, 2025 and 2024, respectively, 24,607,630 and 12,993,962 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 5,000 | — | — | — | 4,000 | |
| Additional paid-in capital | 536 | 506 | 486 | 485 | 466 | |
| Accumulated other comprehensive loss | 0 | — | — | — | 0 | |
| Accumulated deficit | −498 | −476 | −465 | −452 | −427 | |
| Total stockholders equity | 38 | 30 | 21 | 33 | 40 | |
| Total liabilities and stockholders equity | 105 | 94 | 78 | 91 | 89 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 3 | 5 | 9 | 5 | 3 | |
| Amortization of debt discount and deferred financing costs | 192,000 | 14 | 0 | — | — | |
| Stock-based compensation | 10 | 12 | 25 | 20 | 4 | |
| Gain on exchange of debt for common stock | 0 | −3 | 0 | — | — | |
| Change in fair value of warrants | 1 | −32 | −2 | −19 | 5 | |
| Change in fair value of contingent earnout liabilities | −10,000 | −1 | — | — | — | |
| Impairment of equipment subject to operating lease | 1 | 0 | — | — | — | |
| Reserve for excess and obsolete inventory | 7 | 7 | — | — | — | |
| Non-cash cost of issuance of common stock warrants on BEPO Offering | 0 | 1 | 0 | — | — | |
| Loss on debt extinguishment | 0 | 8 | 19 | — | — | |
| Non-cash warrant issuance in connection with August warrant inducement | 0 | 2 | 0 | — | — | |
| Provision for credit loss related to contract assets | 1 | 0 | — | — | — | |
| Provision for credit loss related to trade accounts receivable | 2 | 3 | — | — | — | |
| Non-cash lease expense | 139,000 | 134,000 | — | — | — | |
| Loss on sale/disposal of fixed assets | 24,000 | 11,000 | 0 | — | — | |
| Realized loss on available-for-sale securities | 0 | 23,000 | 14,000 | 0 | — | |
| Accounts receivable | −4 | 3 | −398,000 | 4 | −12 | |
| Inventories | 24 | 6 | 14 | −47 | −8 | |
| Contract assets | −3 | 7 | −7 | −5 | 3 | |
| Prepaid expenses and other current assets | −3 | 2 | 3 | 6 | −8 | |
| Other assets | 2 | 4 | 10 | −592,000 | −14 | |
| Accounts payable | −15 | −743,000 | 2 | 2 | 2 | |
| Accrued expenses and other liabilities | 8 | −3 | −9 | 6 | 7 | |
| Contract liabilities | −1 | 5 | −10 | −7 | 18 | |
| Other noncurrent liabilities | −346,000 | −2 | −946,000 | −3 | 9 | |
| Net cash used in operating activities | −27 | −33 | −106 | −124 | −56 | |
| Purchase of property and equipment | −3 | −9,000 | −1 | −14 | −10 | |
| Reimbursement of previously incurred leasehold expenditures | 0 | 1 | 0 | — | — | |
| Sales of property and equipment | 0 | 20,000 | 0 | — | — | |
| Sales of available-for-sale securities | 0 | 3 | 11 | 0 | — | |
| Proceeds from maturity of available for sale investments | 0 | 4 | 35 | 54 | 0 | |
| Net cash (used in) provided by investing activities | −3 | 8 | 39 | −53 | −34 | |
| Proceeds from secured convertible notes | 15 | 500,000 | 66 | 0 | 5 | |
| Repayment of secured notes | −3 | −12 | −25 | 0 | — | |
| Proceeds from equipment loan | 10 | 0 | 2 | 2 | 5 | |
| Repayment of equipment loan | −311,000 | 0 | −7 | — | — | |
| Issuance cost for equipment loan | −19,000 | 0 | — | — | — | |
| Gross proceeds from December 2025 PIPE Offering | 30 | 0 | — | — | — | |
| Payment for issuance cost related to December 2025 PIPE Offering | −2 | 0 | — | — | — | |
| Gross proceeds from August 2025 Offering | 20 | 0 | — | — | — | |
| Payment for issuance cost related to August 2025 Offering | −2 | 0 | — | — | — | |
| Proceeds from capital raise - August Warrant Inducement | 0 | 2 | 0 | — | — | |
| Gross proceeds from BEPO Offering | 0 | 12 | 14 | 0 | 3 | |
| Payments for issuance cost related to the BEPO Offering | 0 | −1 | — | — | — | |
| Issuance of common stock upon exercise of stock options | 0 | 315,000 | 561,000 | 1 | 385,000 | |
| Net cash provided by financing activities | 68 | 1 | 59 | 1 | 283 | |
| Effect of exchange rate on cash and cash equivalents | 5,000 | −4,000 | −5,000 | 23,000 | −7,000 | |
| Net change in cash and cash equivalents | 38 | −23 | −7 | −176 | 193 | |
| Cash paid for interest | 1 | 1 | 10 | 372,000 | 1 | |
| Cash paid for income taxes for foreign subsidiary | 117,000 | 0 | — | — | — | |
| Unpaid liabilities related to property and equipment, net | 742,000 | 3 | 92,000 | — | — | |
| Equipment subject to operating lease, net returned to inventories, net | 653,000 | 2 | — | — | — | |
| Warrant cancellation upon issuance of common stock | 3 | 0 | — | — | — | |
| Operating lease right-of-use assets recorded in exchange for lease obligation | 864,000 | 0 | — | — | — | |
| Transfer of property and equipment, net to inventories, net | 2 | 0 | — | — | — | |
| Unpaid purchase of inventories, net | 6 | 3 | 0 | — | — |
Filings
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Frequently asked questions
What is Velo3D, Inc.'s CIK number?
Velo3D, Inc.'s SEC CIK number is 0001825079 (1825079). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Velo3D, Inc.'s SEC filings?
All of Velo3D, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Velo3D, Inc. last report earnings?
Velo3D, Inc. (VELO) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-219334). This is Velo3D, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Velo3D, Inc.'s most recent earnings 8-K?
Velo3D, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001193125-26-219334. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Velo3D, Inc.'s latest earnings 8-K →
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