InsiderClue
Stocks · Industrials · Special Industry Machinery, NEC

Velo3D, Inc.

VELO Clue Score43
United States Fiscal year ends December CIK 0001825079
$8.67 -3.45% Close, 9 Oct 2026
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Price $8.67 −12.10% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 19 Apr 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue19.0Operating income−21.2Net income−21.8EPS, diluted−0.56Fiscal year 2021Revenue27.4 +44.6%Operating income−57.8Net income−107.1EPS, diluted−1.82Fiscal year 2022Revenue78.7 +186.8%Operating income−106.3Net income8.0EPS, diluted0.04Fiscal year 2023Revenue77.4 −1.6%Operating income−133.3Net income−135.1 −1,795.8%EPS, diluted−23.97Fiscal year 2024Revenue41.0 −47.1%Operating income−78.8Net income−69.7EPS, diluted−82.32Fiscal year 2025Revenue46.0 +12.1%Operating income−54.9Net income−71.4EPS, diluted−4.33
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 19.0 27.4 78.7 77.4 41.0 46.0
Growth +44.6% +186.8% −1.6% −47.1% +12.1%
Operating income −21.2 −57.8 −106.3 −133.3 −78.8 −54.9
Net income −21.8 −107.1 8.0 −135.1 −69.7 −71.4
Growth −1,795.8%
EPS, diluted −0.56 −1.82 0.04 −23.97 −82.32 −4.33

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin33.6%Operating margin−111.8%Net margin−114.9%Free cash flow margin−141.5%Fiscal year 2021Gross margin18.1%Operating margin−210.5%Net margin−390.3%Free cash flow margin−240.6%Fiscal year 2022Gross margin1.1%Operating margin−135.1%Net margin10.1%Free cash flow margin−175.1%Fiscal year 2023Gross margin−33.9%Operating margin−172.1%Net margin−174.5%Free cash flow margin−137.8%Fiscal year 2024Gross margin−5.1%Operating margin−192.2%Net margin−170.1%Free cash flow margin−79.7%Fiscal year 2025Gross margin−16.1%Operating margin−119.5%Net margin−155.2%Free cash flow margin−65.3%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 33.6% 18.1% 1.1% −33.9% −5.1% −16.1%
Operating margin −111.8% −210.5% −135.1% −172.1% −192.2% −119.5%
Net margin −114.9% −390.3% 10.1% −174.5% −170.1% −155.2%
Free cash flow margin −141.5% −240.6% −175.1% −137.8% −79.7% −65.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−26.4Capital expenditure−0.4Free cash flow−26.8Fiscal year 2021Operating cash flow−56.4Capital expenditure−9.6Free cash flow−66.0Fiscal year 2022Operating cash flow−124.0Capital expenditure−13.8Free cash flow−137.8Fiscal year 2023Operating cash flow−105.6Capital expenditure−1.0Free cash flow−106.7Fiscal year 2024Operating cash flow−32.7Capital expenditure−0.0Free cash flow−32.7Fiscal year 2025Operating cash flow−27.3Capital expenditure−2.7Free cash flow−30.0
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −26.4 −56.4 −124.0 −105.6 −32.7 −27.3
Capital expenditure −0.4 −9.6 −13.8 −1.0 −0.0 −2.7
Free cash flow −26.8 −66.0 −137.8 −106.7 −32.7 −30.0
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash15.5Shareholders’ equity−107.8Fiscal year 2021Cash207.6Shareholders’ equity110.4Fiscal year 2022Cash32.0Total debt8.4Net cash (debt)23.6Shareholders’ equity138.8Debt to equity0.06Fiscal year 2023Cash24.5Total debt44.0Net cash (debt)−19.5Shareholders’ equity68.3Debt to equity0.64Fiscal year 2024Cash1.2Total debt11.7Net cash (debt)−10.4Shareholders’ equity39.7Debt to equity0.29Fiscal year 2025Cash39.0Total debt31.0Net cash (debt)8.0Shareholders’ equity38.2Debt to equity0.81
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 15.5 207.6 32.0 24.5 1.2 39.0
Total debt n/a n/a 8.4 44.0 11.7 31.0
Net cash (debt) n/a n/a 23.6 −19.5 −10.4 8.0
Shareholders’ equity −107.8 110.4 138.8 68.3 39.7 38.2
Debt to equity n/a n/a 0.06 0.64 0.29 0.81

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
33.6% 18.1% 1.1% −33.9% −5.1% −16.1%
−111.8% −210.5% −135.1% −172.1% −192.2% −119.5%
−114.9% −390.3% 10.1% −174.5% −170.1% −155.0%
−114.9% −390.3% 10.1% −174.5% −170.1% −155.2%
−141.5% −240.6% −175.1% −137.8% −79.7% −65.3%
Spending
74.8% 98.4% 58.8% 54.3% 37.8% 23.2%
33.6% 85.1% 47.0% 53.9% 118.0% 65.5%
2.1% 35.1% 17.6% 1.4% 0.0% 5.9%
n/a n/a 0.0% n/a n/a n/a
Returns
n/a −97.0% 5.7% −197.7% −175.8% −187.0%
−66.7% −35.4% 3.6% −87.9% −78.2% −67.7%
Balance and payout
n/a n/a 0.06 0.64 0.29 0.81
51.4% 63.5% 37.8% 55.6% 55.5% 63.8%