VELO3D INC WTS (VLDXW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VLDXW SEC filings page.
VELO3D INC WTS (VLDXW) reported $57.6M in revenue over the twelve months to Jun 30, 2026, up 31.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
External financing, not operating cash generation, is carrying a shrinking-scale business whose unit economics remain negative.
FY2025 revenue recovered to$46.0M , yet gross margin remained negative at-16.1% , so added sales still did not cover production costs. That margin was worse than FY2024's-5.1% , pointing to a cost or mix problem rather than a simple volume shortfall.
Earnings and cash flow diverged sharply: net loss was
The financing-dependent structure is visible in a
Financial Health Signals
VELO3D INC WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
VELO3D INC WTS passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
VELO3D INC WTS reported a net loss of $71.4M while operations used $27.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
VELO3D INC WTS reported an operating loss of $54.9M against $4.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
VELO3D INC WTS generated $20.7M in revenue in Q2 2026. This represents an increase of 52.3% from the same quarter a year earlier. Against the prior quarter it is up 49.6%.
VELO3D INC WTS's EBITDA was -$10.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.0% from the same quarter a year earlier. Against the prior quarter it is down 64.3%.
VELO3D INC WTS reported -$11.5M in net income in Q2 2026. This represents an increase of 13.2% from the same quarter a year earlier. Against the prior quarter it is down 64.5%.
VELO3D INC WTS earned -$0.39 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 39.3%.
Cash & Balance Sheet
VELO3D INC WTS recorded an outflow of $25.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 731.6% from the same quarter a year earlier. Against the prior quarter it is down 32.5%.
VELO3D INC WTS held $91.1M in cash against $8.2M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
VELO3D INC WTS's gross margin was 21.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 33.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.3 percentage points.
VELO3D INC WTS's operating margin was -53.5% in Q2 2026, reflecting core business profitability. This is up 31.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.2 percentage points.
VELO3D INC WTS's net profit margin was -55.7% in Q2 2026, showing the share of revenue converted to profit. This is up 42.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.1 percentage points.
VELO3D INC WTS's ROE was -7.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 54.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.7 percentage points.
Capital Allocation
VELO3D INC WTS invested $4.3M in research and development in Q2 2026. This represents an increase of 67.3% from the same quarter a year earlier. Against the prior quarter it is up 60.6%.
VELO3D INC WTS invested $3.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 95.6% from the same quarter a year earlier. Against the prior quarter it is up 274.3%.
Not reported for Q2 2026.
VLDXW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.7M+52.3% | $13.8M+48.2% | $9.4M-25.2% | $13.6M+65.4% | $13.6M+31.2% | $9.3M-4.8% | $12.6M+414.3% | $8.2M-64.4% |
| Cost of Revenue | $16.2M+7.0% | $11.4M+32.6% | $16.4M+25.4% | $13.2M+216.3% | $15.2M+14.5% | $8.6M-31.6% | $13.1M-61.5% | $4.2M-81.8% |
| Gross Profit | $4.4M+379.7% | $2.4M+241.6% | -$6.9M-1464.4% | $433K-89.4% | -$1.6M+45.2% | $697K+124.8% | -$444K+98.6% | $4.1M+2397.5% |
| R&D Expenses | $4.3M+67.3% | $2.7M+30.9% | $3.3M+13.4% | $2.7M-29.8% | $2.6M-35.9% | $2.1M-55.9% | $2.9M-70.7% | $3.9M-59.2% |
| SG&A Expenses | $8.3M+39.9% | $4.9M-45.9% | $9.2M-43.6% | $5.9M-60.8% | $6.0M-30.0% | $9.1M+5.9% | $16.2M+49.3% | $15.1M+40.0% |
| Operating Income | -$11.1M+4.6% | -$6.9M+39.7% | -$21.8M-3.4% | -$10.0M+43.3% | -$11.6M+40.3% | -$11.5M+44.2% | -$21.1M+63.3% | -$17.6M+31.8% |
| EBITDA | -$10.2M+5.0% | -$6.2M+41.3% | -$21.0M-4.0% | -$9.3M+43.4% | -$10.7M+40.9% | -$10.5M+45.3% | -$20.2M+61.7% | -$16.4M+32.3% |
| Interest Expense | $175K-88.9% | $733K-31.5% | $524K-82.8% | $1.2M-66.3% | $1.6M-71.2% | $1.1M-72.5% | $3.0M-50.4% | $3.6M+18.0% |
| Income Tax | -$9K-110.1% | $26K+225.0% | $34K+270.0% | -$14K | $89K+2325.0% | $8K+100.0% | -$20K | $0 |
| Net Income | -$11.5M+13.2% | -$7.0M+72.0% | -$21.9M-2.9% | -$11.2M+48.9% | -$13.3M-1518.5% | -$25.0M+9.1% | -$21.3M+62.1% | -$21.9M-12.4% |
| EPS (Basic) | -$0.39+58.5% | -$0.28+85.0% | -$1.00-385.7% | -$0.65+98.2% | -$0.94-157.0% | -$1.87-3269.4% | $0.35+103.5% | -$35.52-954.0% |
| EPS (Diluted) | -$0.39 | -$0.28 | -$1.00 | -$0.65 | -$0.94 | -$1.87 | $0.35+103.5% | -$35.52 |
| Diluted Shares (Avg) | 29M | 25M | N/A | 17M | 14M | 13M | N/A | 616,030 |
VLDXW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $200.1M+155.3% | $92.4M+1.2% | $105.3M+18.1% | $93.7M-15.5% | $78.4M-32.8% | $91.3M-32.9% | $89.2M-42.0% | $110.8M-51.2% |
| Current Assets | $156.1M+219.3% | $65.2M+5.5% | $80.1M+38.8% | $59.2M-25.8% | $48.9M-40.5% | $61.8M-37.2% | $57.7M-48.9% | $79.8M-56.1% |
| Cash & Equivalents | $91.1M+10572.6% | $16.6M+328.0% | $39.0M+3118.9% | $11.8M+623.4% | $854K-65.3% | $3.9M-50.1% | $1.2M-95.1% | $1.6M-97.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
| Inventory | $27.6M-28.2% | $28.1M-39.1% | $27.1M-45.8% | $35.4M-42.9% | $38.4M-35.5% | $46.1M-26.5% | $50.0M-17.9% | $62.0M-23.6% |
| Accounts Receivable | $8.4M+54.9% | $6.7M+47.3% | $6.3M+68.2% | $6.7M-34.7% | $5.4M-35.3% | $4.6M-60.8% | $3.7M-61.1% | $10.2M-18.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $53.6M-6.0% | $40.9M-30.2% | $67.2M+35.7% | $63.7M-16.5% | $57.0M-11.6% | $58.5M-35.5% | $49.5M-42.1% | $76.4M-40.6% |
| Current Liabilities | $24.6M-42.3% | $26.6M-39.4% | $33.8M-11.0% | $37.6M-41.0% | $42.7M-12.0% | $43.9M-27.9% | $38.0M-21.9% | $63.7M-36.6% |
| Non-Current Liabilities | $29.0M+102.8% | $14.2M-2.6% | $33.4M+189.9% | $26.2M+106.1% | $14.3M-10.6% | $14.6M-51.0% | $11.5M-68.7% | $12.7M-54.8% |
| Long-Term Debt | $8.2M+46.9% | $9.2M-57.7% | $31.0M+447.4% | $23.0M-28.6% | $5.6M-83.4% | $21.7M-50.8% | $5.7M-87.1% | $32.3M-59.9% |
| Total Equity | $146.5M+585.7% | $51.5M+57.1% | $38.2M-3.8% | $29.9M-13.1% | $21.4M-59.0% | $32.8M-27.8% | $39.7M-42.0% | $34.4M-65.1% |
| Retained Earnings | -$516.7M-11.1% | -$505.1M-11.8% | -$498.1M-16.7% | -$476.2M-17.4% | -$465.1M-21.2% | -$451.8M-17.5% | -$426.8M-19.5% | -$405.5M-34.8% |
Not reported in any period shown, so not listed: Goodwill.
VLDXW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$21.6M-1672.6% | -$18.0M-45.6% | -$7.7M-249.8% | -$6.0M-205.4% | -$1.2M+84.7% | -$12.3M+39.8% | -$2.2M+91.0% | -$2.0M+91.2% |
| Depreciation & Amortization | $900K0.0% | $762K-23.4% | $644K-22.8% | $700K-41.7% | $900K-30.8% | $995K-28.7% | $834K-71.1% | $1.2M-25.0% |
| Stock-Based Compensation | $2.5M+36.0% | $1.9M-47.5% | N/A | $2.6M-29.2% | $1.8M-56.8% | $3.6M-16.3% | N/A | $3.7M-44.8% |
| Capital Expenditures | $3.5M+95.6% | $940K | $603K+3073.7% | $313K+1465.0% | $1.8M+89850.0% | $0-100.0% | -$19K-26.9% | $20K-94.8% |
| Free Cash Flow | -$25.1M-731.6% | -$18.9M-53.2% | -$8.3M-273.8% | -$6.3M-218.0% | -$3.0M+62.2% | -$12.3M+39.8% | -$2.2M+90.9% | -$2.0M+91.2% |
| Investing Cash Flow | -$3.5M-95.6% | -$940K | -$603K-153.7% | -$313K-146.2% | -$1.8M-172.7% | $0-100.0% | $1.1M-85.7% | $678K-87.6% |
| Financing Cash Flow | $103.0M | -$3.5M-123.6% | $35.5M+6973.7% | $17.3M+3601.5% | $0-100.0% | $15.0M+5163.2% | $502K+103.0% | $468K-99.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
VLDXW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.5%+33.2pp | 17.2%+9.8pp | -73.6%-70.0pp | 3.2%-46.2pp | -11.7%+16.3pp | 7.5%+36.3pp | -3.5% | 49.4%+48.7pp |
| Operating Margin | -53.5%+31.9pp | -50.3% | -231.0% | -73.3% | -85.4% | -123.6% | -167.0% | -213.8% |
| Net Margin | -55.7%+42.0pp | -50.6% | -231.9% | -82.0% | -97.7%-106.8pp | -268.4% | -168.5% | -265.3% |
| Return on Equity | -7.8%+54.2pp | -13.6%+62.7pp | -57.4%-3.7pp | -37.4%+26.2pp | -62.1%-63.9pp | -76.3%-15.7pp | -53.6%+28.5pp | -63.6%-43.9pp |
| Return on Assets | -5.8%+11.2pp | -7.6%+19.8pp | -20.8%+3.1pp | -11.9%+7.8pp | -16.9%-17.7pp | -27.4%-7.2pp | -23.9%+12.6pp | -19.8%-11.2pp |
| Current Ratio | 6.33+5.2x | 2.45+1.0x | 2.37+0.9x | 1.57+0.3x | 1.14-0.5x | 1.41-0.2x | 1.52-0.8x | 1.25-0.6x |
| Debt-to-Equity | 0.06-0.2x | 0.18-0.5x | 0.81+0.7x | 0.77-0.2x | 0.26-0.4x | 0.66-0.3x | 0.14-0.5x | 0.94+0.1x |
| Asset Turnover | 0.10-0.1x | 0.150.0x | 0.09-0.1x | 0.15+0.1x | 0.17+0.1x | 0.100.0x | 0.14+0.1x | 0.070.0x |
| FCF Margin | -121.3% | -136.9% | -88.3%-70.7pp | -46.5%-22.3pp | -22.2%+54.9pp | -132.5% | -17.7% | -24.2%+73.9pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Where VELO3D INC WTS Ranks
Frequently Asked Questions
What is VELO3D INC WTS's annual revenue?
VELO3D INC WTS (VLDXW) reported $46.0M in total revenue for fiscal year 2025. This represents a 12.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is VELO3D INC WTS's revenue growing?
VELO3D INC WTS (VLDXW) revenue grew by 12.1% year-over-year, from $41.0M to $46.0M in fiscal year 2025.
Is VELO3D INC WTS profitable?
No, VELO3D INC WTS (VLDXW) reported a net income of -$71.4M in fiscal year 2025.
What is VELO3D INC WTS's EBITDA?
VELO3D INC WTS (VLDXW) had EBITDA of -$51.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does VELO3D INC WTS have?
As of fiscal year 2025, VELO3D INC WTS (VLDXW) had $39.0M in cash and equivalents against $31.0M in long-term debt.
What is VELO3D INC WTS's gross margin?
VELO3D INC WTS (VLDXW) had a gross margin of -16.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is VELO3D INC WTS's return on equity (ROE)?
VELO3D INC WTS (VLDXW) has a return on equity of -187.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is VELO3D INC WTS's free cash flow?
VELO3D INC WTS (VLDXW) recorded an outflow of $30.0M in free cash flow during fiscal year 2025. This represents a 8.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is VELO3D INC WTS's operating cash flow?
VELO3D INC WTS (VLDXW) recorded an outflow of $27.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are VELO3D INC WTS's total assets?
VELO3D INC WTS (VLDXW) had $105.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are VELO3D INC WTS's capital expenditures?
VELO3D INC WTS (VLDXW) invested $2.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does VELO3D INC WTS spend on research and development?
VELO3D INC WTS (VLDXW) invested $10.7M in research and development during fiscal year 2025.
What is VELO3D INC WTS's current ratio?
VELO3D INC WTS (VLDXW) had a current ratio of 2.37 as of fiscal year 2025, which is generally considered healthy.
What is VELO3D INC WTS's debt-to-equity ratio?
VELO3D INC WTS (VLDXW) had a debt-to-equity ratio of 0.81 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VELO3D INC WTS's return on assets (ROA)?
VELO3D INC WTS (VLDXW) had a return on assets of -67.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is VELO3D INC WTS's Piotroski F-Score?
VELO3D INC WTS (VLDXW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are VELO3D INC WTS's earnings high quality?
VELO3D INC WTS (VLDXW) reported a net loss of $71.4M while operations used $27.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can VELO3D INC WTS cover its interest payments?
VELO3D INC WTS (VLDXW) reported an operating loss of $54.9M against $4.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.