VELO · XBRL financial data

Velo3D financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (VELO's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025†Dec 31, 2025
Revenue	18,975	27,439	80,757	77,443	41,003	45,973
Revenue from contracts with customers	—	—	—	—	41,003	45,973
Cost of revenue	12,608	22,481	77,863	103,710	43,088	53,377
Gross profit	6,367	4,958	2,894	(26,267)	(2,085)	(7,404)
Research and development	14,188	27,002	46,266	42,031	17,108	10,653
General and administrative	6,382	23,352	36,982	41,727	49,346	30,097
Total operating expenses	27,574	62,717	107,155	106,987	80,262	47,516
Operating income (loss)	(21,207)	(57,759)	(104,261)	(133,254)	(82,347)	(54,920)
Interest expense	639	2,740	372	9,722	15,968	4,364
Other income (expense)	35	(88)	1,451	506	(3,637)	526
Income tax expense (benefit)	0	0	0	0	(20)	117
Net income (loss)	(21,807)	(107,091)	10,020	(135,139)	(73,297)	(71,362)
Earnings per share, basic USD per share	(0.56)	(1.82)	0.05	(0.68)	(5.77)	(4.33)
Earnings per share, diluted USD per share	(0.56)	(1.82)	0.05	(0.68)	(5.77)	(4.33)
Weighted average shares, basic thousands of shares	15,629	58,688	185,079	197,359	12,709	16,487
Weighted average shares, diluted thousands of shares	15,629	58,688	202,175	197,359	12,709	16,487

† Share count changed about 1/8 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (VELO's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025†Dec 31, 2025
Cash and cash equivalents	1,668	207,602	31,983	24,494	1,212	39,013
Short-term investments	0	15,483	48,214	6,621	—	—
Accounts receivable	1,232	12,778	9,185	9,583	3,723	6,263
Inventory	7,309	22,479	71,202	60,816	49,953	27,083
Prepaid and other current assets	807	9,458	5,533	4,000	2,336	5,722
Total current assets	2,395	268,074	172,922	118,141	57,724	80,120
Property and equipment, net	1,006	10,046	19,812	16,326	14,270	13,094
Right-of-use asset	633	11,073	13,545	10,672	8,774	7,633
Total assets	347,395	302,717	225,114	153,799	89,180	105,348
Accounts payable	1,226	9,882	12,207	15,854	18,538	10,301
Accrued liabilities	97	3,015	8,602	1,948	1,173	2,103
Current portion of long-term debt	—	—	—	—	5,666	—
Total current liabilities	705	46,662	46,053	48,671	38,000	33,802
Lease liability, non-current	232	9,143	12,201	9,973	8,361	6,970
Total liabilities	55,927	192,302	84,268	85,459	49,516	67,192
Accumulated deficit	(1,767)	(229,867)	(219,847)	(357,037)	(430,334)	(498,143)
Total stockholders' equity	5,000	110,415	140,846	68,340	39,664	38,156
Total liabilities and equity	347,395	302,717	225,114	153,799	89,180	105,348
Common shares outstanding (cover page) thousands of shares	16,004	183,558	192,394	261,705	210,233	26,217

† Share count changed about 1/8 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (VELO's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025†Dec 31, 2025
Net income (loss)	(21,807)	(107,091)	10,020	(135,139)	(73,297)	(71,362)
Stock-based compensation	1,455	4,368	20,148	24,931	15,363	9,509
Depreciation and amortization	1,240	2,170	5,290	9,310	4,912	3,379
Net cash from operating activities	(26,446)	(56,404)	(123,962)	(105,636)	(32,677)	(27,327)
Purchases of property and equipment	401	9,619	13,822	1,046	9	2,715
Net cash from investing activities	(3,429)	(33,590)	(53,022)	38,891	7,767	(2,715)
Net cash from financing activities	35,577	282,886	1,342	59,261	1,460	67,833
Net change in cash	5,702	192,885	(175,619)	(7,489)	(23,454)	37,796

† Share count changed about 1/8 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 3559 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3559 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Velo3D	91,144	20,664	(21,555)*	32.1M	4.2 quarters	Q2 FY26 10-QJun 30, 2026
Amtech Systems	83,109	not reported	1,120*	17.5M	—	Q3 FY26 10-QJun 30, 2026
Sono Tek	10,250	5,232	1,162*	15.8M	—	Q2 FY26 10-QAug 31, 2026
Trio-Tech International	21,428	not reported	1,109*	10.4M	—	Q4 FY26 10-KJun 30, 2026
Cricut	174,578	188,622	23,674*	not reported	—	Q3 FY26 10-QSep 30, 2026
Originclear	3,310	2,003	1,512	16.2B	—	Q1 FY26 10-QMar 31, 2026

Not investment advice. Not affiliated with the U.S. SEC.