VELONasdaqSpecial Industry Machinery, NECFiscal year ends December 31
Velo3D, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$6.75−0.04 (-0.66%)
Close on Oct 19, 2026
- Market cap
- $198.78M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
-16.1%−49.7 pts over 5 years
Operating margin
-119.5%−7.7 pts over 5 years
Net margin
-155.2%−40.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.1% | -16.4% | +19.4% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 20.9% | -183.4% | |
| Return on assets | – | – | -73.4% | |
| Current ratio | – | 2.30 | 2.37 | |
| Interest coverage | – | -33.2× | -12.6× | |
| Inventory turnover | – | – | 1.4× | |
| Capex to revenue | – | 2.1% | 5.9% | |
| Diluted shares | – | 0M | 16M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Velo3D generated $346.01M from operations and spent $27.21M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$346.01M
Used
$27.21M
Capital expenditure$27.21M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-155.2%
×Asset turnover0.47×
×Equity multiplier2.50×
=Return on equity, FY2025-183.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -155.2% | 0.47× | 2.50× | -183.4% |
| FY2024 | -170.1% | 0.34× | 2.25× | -129.2% |
| FY2023 | -174.5% | 0.41× | 1.82× | -130.5% |
| FY2022 | 10.1% | 0.30× | 2.11× | 6.4% |
| FY2021 | -390.3% | 0.16× | 129.30× | -8256.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$71.36M
- Cash generatingOperating cash flow above zero-$27.33M
- Return on assets improvedROA up on the prior year-45.3% → -80.0%
- Earnings backed by cashOperating cash flow above net income-$27.33M vs -$71.36M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.52 → 2.37
- No dilutionShare count did not rise1M → 16M
- Gross margin improvedGross margin up on the prior year-5.08% → -16.11%
- More efficientAsset turnover rose0.27 → 0.52