6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $46M | -$71M | -16.1% | -119.5% | -$30M | $31M | $39M |
| 2024 | $41M | -$70M | -5.1% | -192.2% | -$33M | $11M | $1M |
| 2023 | — | -$135M | — | — | -$107M | $44M | $24M |
| 2022 | — | $8M | — | — | -$138M | $8M | $32M |
| 2021 | — | -$107M | — | — | -$66M | — | $208M |
| 2020 | — | -$22M | — | — | -$27M | — | $16M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $14M | -$7M | 17.2% | -50.3% | -$19M | $9M | $17M |
| Dec '25 | $9M | -$20M | -73.6% | -214.8% | -$8M | $31M | $39M |
| Sep '25 | $14M | -$11M | 3.2% | -73.3% | -$6M | $23M | $12M |
| Jun '25 | $14M | -$13M | -11.7% | -85.4% | -$3M | $39M | $854000 |
| Mar '25 | $9M | -$25M | 7.5% | -123.6% | -$12M | $22M | $4M |
| Dec '24 | $13M | -$18M | -3.5% | -142.2% | -$2M | $11M | $1M |
| Sep '24 | $8M | -$22M | 49.4% | -213.8% | -$2M | $32M | $2M |
| Jun '24 | $10M | $935000 | -28.0% | -187.7% | -$8M | $34M | $2M |
| Mar '24 | — | -$28M | — | — | -$21M | $44M | $8M |
| Dec '23 | — | -$56M | — | — | -$25M | $44M | $24M |
| Sep '23 | — | -$19M | — | — | -$23M | $81M | $58M |
| Jun '23 | — | -$23M | — | — | -$28M | $22M | $29M |
| Mar '23 | — | -$36M | — | — | -$31M | $13M | $37M |
| Dec '22 | — | $21M | — | — | -$33M | $8M | $32M |
| Sep '22 | — | -$75M | — | — | -$27M | — | $40M |
| Jun '22 | — | $128M | — | — | -$43M | — | $44M |
| Mar '22 | — | -$65M | — | — | -$34M | — | $104M |
| Dec '21 | — | -$14M | — | — | -$33M | — | $208M |
| Sep '21 | — | -$67M | — | — | -$19M | — | $297M |
| Jun '21 | — | -$13M | — | — | -$11M | — | $13M |
How the market has priced VELO against its own fundamentals since 2025-08 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Velo3d, Inc.'s revenue has grown 12.1% per year. These are computed facts, not advice.
As of FY2025, Velo3d, Inc. reported $31M of total debt against $39M of cash; operating income covered interest expense -12.6×.
In FY2025, gross margin was -16.1%, operating margin -119.5%, and net margin -155.2%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.