Velo3d, Inc. income statement
In fiscal 2025, Velo3d, Inc. reported revenue of $46.0m, up 12.1% on the year before, operating income of −$54.9m (a -119.5% margin) and net income of −$71.4m, or −$4.33 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 19 | 27 | 79 | 77 | 41 | 46 | 58 |
| Cost of revenue | 13 | 22 | 78 | 104 | 43 | 53 | 57 |
| Gross profit | 6 | 5 | 1 | −26 | −2 | −7 | 0 |
| Research and development | 14 | 27 | 46 | 42 | 15 | 11 | 13 |
| Selling and marketing | 7 | 12 | 24 | 23 | 13 | 7 | 9 |
| General and administrative | 6 | 23 | 37 | 42 | 48 | 30 | 28 |
| Operating income | −21 | −58 | −106 | −133 | −79 | −55 | −50 |
| Interest expense | 1 | 3 | 0 | 10 | 16 | 4 | 3 |
| Income before tax | −22 | −107 | 8 | −135 | −70 | −71 | −52 |
| Income tax | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | −22 | −107 | 8 | −135 | −70 | −71 | −52 |
| Diluted EPS | −$14.70 | −$47.77 | $0.03 | −$17.98 | −$4.12 | −$4.33 | −$2.22 |
| Diluted shares (average) | — | 2,236m | 8m | 8m | 17m | 16m | 23m |
| EBITDA | −20 | −55 | −101 | −124 | −74 | −52 | −47 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 13 | 9 | 14 | 14 | 9 | 14 | 21 |
| Cost of revenue | 4 | 13 | 9 | 15 | 13 | 16 | 11 | 16 |
| Gross profit | 4 | −0 | 1 | −2 | 0 | −7 | 2 | 4 |
| Research and development | 4 | 3 | 2 | 3 | 3 | 3 | 3 | 4 |
| Selling and marketing | 3 | 2 | 1 | 1 | 2 | 2 | 2 | 3 |
| General and administrative | 15 | 16 | 9 | 6 | 6 | 9 | 5 | 8 |
| Operating income | −18 | −21 | −12 | −12 | −10 | −22 | −7 | −11 |
| Interest expense | 4 | 3 | 1 | 2 | 1 | 1 | 1 | 0 |
| Income before tax | −22 | −21 | −25 | −13 | −11 | −22 | −7 | −12 |
| Income tax | 0 | −0 | 0 | 0 | −0 | 0 | 0 | −0 |
| Net income | −22 | −21 | −25 | −13 | −11 | −22 | −7 | −12 |
| Diluted EPS | −$35.52 | $3.91 | −$1.87 | −$0.94 | −$0.65 | −$1.00 | −$0.28 | −$0.39 |
| EBITDA | −17 | −20 | −11 | −11 | −9 | −21 | −6 | −10 |
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