Every 8-K that Velo3D, Inc. (VELO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow VELO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VELO filings page.
Velo3D, Inc. reported strong second-quarter 2026 results with revenue of $20.7 million, an increase of 52.3% year-over-year, driven primarily by 3D printer and parts sales of $18.97 million. Total revenue for the first half of 2026 was $34.48 million.
GAAP gross margin improved to 21.5% from (11.7)% a year earlier, reflecting higher average selling prices, a more favorable product mix, increased RPS revenue and manufacturing efficiencies, as well as a refinement in cost allocations. GAAP net loss narrowed to $11.5 million from $13.3 million, while non-GAAP net loss was $9.0 million. Non-GAAP adjusted EBITDA was a loss of $8.1 million, an improvement from $8.9 million.
Liquidity strengthened with $91.1 million in cash and cash equivalents as of June 30, 2026, up from $39.0 million at year-end 2025, largely due to equity financings totaling roughly $109.4 million in gross proceeds and debt-to-equity conversions that reduced total debt by more than 70% to $8.2 million. The company reported $29 million in new bookings and $31 million in ending backlog. Management raised full-year 2026 revenue guidance to $65–$75 million, targets gross margin above 30% in the second half, non-GAAP operating expenses of $45–$55 million, capital expenditures of $40–$50 million, and expects positive EBITDA in the second half of 2026, supported by a new Livermore Production Campus expected to triple manufacturing capacity.
Velo3D, Inc. entered into Registration Rights Agreements on July 13, 2026 with Arrayed Notes Acquisition Corp. and Thieneman Construction, Inc., covering common shares issued upon conversion of previously issued senior secured convertible promissory notes.
The company had issued a $5,000,000 note to Arrayed and a $10,000,000 note to Thieneman, which were converted on March 4, 2026 into 394,517 and 1,145,830 common shares, respectively. Each holder receives up to two demand registrations, subject to minimum anticipated aggregate offering prices of $2,500,000 for Arrayed and $5,000,000 for Thieneman, plus customary piggyback rights and related procedures, expense allocation, indemnification, deferral and suspension provisions. Arrayed is an affiliate of Arun Jeldi, Velo3D’s Chief Executive Officer and Chairman.
Velo3D, Inc. granted Chief Executive Officer Arun Jeldi a new performance-based stock option covering 964,474 shares at an exercise price of $18.40 per share under its 2021 Equity Incentive Plan. The award vests only if the company reaches specified market capitalization milestones within five years: partial vesting at $1 billion, $3 billion, and $5 billion, with the final tranche tied to a $10 billion market capitalization, and requires Mr. Jeldi to remain in service through each milestone.
The company also approved change in control agreements for the CEO, Chief Financial Officer James Suva, and Chief Revenue Officer Michelle Sidwell. If their employment is terminated without cause or they resign for good reason around a change in control, they are entitled to a lump-sum cash payment based on base salary and target bonuses, full vesting of time-based equity awards, and 12 months of medical benefit premiums, subject to a release of claims and limitations intended to avoid excise taxes under golden parachute rules.
Velo3D, Inc. held its annual stockholder meeting where investors approved an amendment to the 2021 Equity Incentive Plan, adding 2,860,000 shares of common stock for future issuance and expanding the pool of incentive stock options from 244,377 to 10,000,000 shares.
Stockholders also elected Stefan Krause and Lily Mei as Class II directors, ratified Frank, Rimerman + Co. LLP as auditor for 2026, and approved on an advisory basis the company’s executive compensation. They further chose an annual say-on-pay vote, which the company will maintain until at least the 2032 annual meeting.
Velo3D, Inc. entered into a new sales agreement with Needham & Company, Cantor Fitzgerald and Craig-Hallum that allows it to issue and sell shares of common stock in at-the-market offerings with an aggregate offering price of up to $100,000,000. Any shares sold will be issued under the company’s effective Form S-3 shelf registration and related prospectus supplement. Velo3D currently plans to use any net proceeds for working capital and general corporate purposes and will pay the sales agents a 3.0% commission on gross proceeds.
In connection with this new arrangement, Velo3D terminated its prior sales agreement with Needham dated February 6, 2023, with no termination penalties.
Velo3D, Inc. reported much stronger first-quarter 2026 results, with revenue of $13.8 million, up 48% from $9.3 million a year earlier, and gross margin improving to 17.2% from 7.5%. The GAAP net loss narrowed to $7.0 million (or $0.28 per share) versus $25.0 million ($1.87 per share) in the prior-year quarter, while non-GAAP net loss improved to $5.1 million from $9.0 million.
Adjusted EBITDA loss improved to $(3.6) million from $(6.9) million, and operating expenses fell to $9.3 million from $12.2 million, reflecting tighter cost control. The company ended March 31, 2026 with $16.6 million of cash and cash equivalents, $30 million of backlog, and $12 million in new bookings.
Velo3D highlighted a $9.8 million, five-year IDIQ contract with the Defense Logistics Agency and closed an April 2026 underwritten registered direct equity offering of 3,571,428 shares for approximately $50 million in gross proceeds. Management reiterated full-year 2026 guidance for revenue of $60–$70 million, gross margin above 30% in the second half, non-GAAP adjusted operating expenses of $45–$55 million, capital expenditures of $40–$50 million, and a goal of positive EBITDA in the second half of 2026.
Velo3D, Inc. entered into an underwriting agreement with Cantor Fitzgerald for a firm commitment underwritten registered direct offering of 3,571,428 shares of common stock at $14.00 per share. This pricing implies expected gross proceeds of about $50 million before fees and expenses.
All shares are being sold by the company under its effective Form S-3 shelf registration. Cantor will receive underwriting discounts and commissions equal to 6.0% of the gross proceeds. Directors, executive officers and certain stockholders agreed to a 60-day lock-up restricting additional share sales without the underwriter’s consent. The offering is expected to close on or about April 28, 2026, subject to customary conditions, with net proceeds intended for working capital and general corporate purposes.
Velo3D, Inc. is amending an earlier disclosure to clarify the structure of a planned performance-based stock option award for its Chief Executive Officer, Arun Jeldi. The company now states this 2026 Performance Award is a one-time grant intended to replace routine annual equity awards for 2026 through 2029.
The award is expected to equal 3% of the company’s total outstanding common stock on the grant date, carry a ten-year term, and have an exercise price set at fair market value on the grant date. Vesting would be tied to market capitalization milestones achieved within five years: 10% at $1 billion, an additional 20% at $3 billion, 30% at $5 billion, and 40% at $10 billion, subject to Mr. Jeldi’s continued service. The Compensation Committee expects to grant the award shortly after the 2026 annual meeting, but may adjust timing or structure if there are insufficient shares available under the equity incentive plan.
Velo3D, Inc. appointed James Suva as its Chief Financial Officer and principal financial and accounting officer, effective April 6, 2026. In connection with this role, he entered into an offer letter with the company effective March 5, 2026.
Under the offer, Mr. Suva will receive an annual base salary of $380,000, with a target bonus for fiscal 2026 equal to 70% of his base salary. The board’s Compensation Committee also approved a grant of 135,000 restricted stock units (RSUs) under the 2021 Equity Incentive Plan, with a grant date of April 6, 2026.
These RSUs vest over time: 25% vest on May 15, 2027, and 1/16th of the RSUs vest on each Quarterly Vest Date (February 15, May 15, August 15 and November 15) thereafter, subject to continued service. The employment term is at-will and includes customary confidentiality covenants.
Velo3D, Inc. reported full-year 2025 revenue of $46.0 million, up from $41.0 million in 2024, but remained unprofitable with a 2025 GAAP net loss of $71.4 million and a gross margin of (16.1)%, driven in part by a roughly $7.0 million obsolete inventory write-down in the fourth quarter. Cash and cash equivalents increased to $39.0 million as of December 31, 2025, helped by a $30 million private placement and an aggregated $15 million debt-to-equity conversion that reduced debt by about 60%.
The company highlighted strong defense and aerospace momentum, including a $32.6 million Project FORGE contract with the Department of War and a multi‑year $11.5 million Rapid Production Solutions contract from a U.S. defense prime contractor, and is planning a long‑term capacity build-out envisioning up to approximately 400 production systems over the next decade. For 2026, Velo3D guides to revenue of $60–$70 million, sequential gross margin improvement to above 30% in the second half, non‑GAAP adjusted operating expenses of $45–$55 million, capital expenditures of $40–$50 million, and expects to achieve positive EBITDA in the second half of 2026, supported by additional planned capital raises. The board also appointed James Suva as Chief Financial Officer and principal financial and accounting officer, effective April 6, 2026, replacing Acting CFO Bernard Chung, who will continue as Corporate Controller.
Velo3D updated the terms of two senior secured convertible notes totaling $15,000,000 that were originally issued in January and February 2025 to entities controlled by director Kenneth Thieneman. Both notes had previously been amended to extend maturity to February 14, 2027, reduce interest to 12% per year and set conversion prices of $16.38 and $10.50 per share.
Before a new amendment on March 4, 2026, the $5,000,000 January 2025 note was transferred to Arrayed Notes Acquisition Corp., a company controlled by Chief Executive Officer Arun Jeldi. The latest amendments give each holder the option to convert outstanding principal and accrued, unpaid interest into Velo3D common stock.
Velo3D, Inc. updated the compensation package for its Chief Executive Officer, Arun Jeldi. Effective January 1, 2026, he will receive an annual base salary of $650,000 and is eligible for an annual incentive bonus of up to 100% of base salary, determined by the Compensation Committee based on performance objectives.
Mr. Jeldi will also be entitled to an annual stock option grant equal to 2–3% of Velo3D’s total common stock outstanding at the time of each grant. These options will vest in stages tied to enterprise valuation milestones: 10% at $1 billion, 20% at $3 billion, 30% at $5 billion, and 40% at $10 billion. The Compensation Committee approved this structure on February 13, 2026.
Velo3D, Inc. entered a sale-leaseback with Varilease Finance under which it will sell assorted Sapphire and Sapphire XC metal 3D printers and related post-processing equipment for an aggregate $10 million, then lease the same equipment back. The lease is documented through a Master Lease Agreement and a Schedule providing a 36-month base term, during which Velo3D bears all costs and has unlimited use of the equipment, with options at term end to purchase the equipment at a mutually agreed price or extend the lease for 12 months. If a default is declared, Velo3D would owe unpaid amounts plus liquidated damages based on 110% of the original equipment cost, reduced by 1.25% of that cost for each month elapsed.
The company also reported leadership changes. On December 9, 2025, Chief Financial Officer Hull Xu resigned effective December 31, 2025, with the company stating the resignation was not due to any disagreement over operations, policies, or practices. On December 11, 2025, the board appointed controller Bernard Chung as Acting Chief Financial Officer and principal financial and accounting officer, effective December 31, 2025. Chung is a CPA who has previously served as the company’s Acting CFO and Vice President of Finance and held senior finance roles at other corporations.
Velo3D, Inc. furnished an update on its latest results, announcing a press release and investor materials covering the three and nine months ended September 30, 2025. The company scheduled a conference call on November 10, 2025 at 2:00 p.m. Pacific Time to discuss these results.
The press release and earnings presentation were provided as Exhibits 99.1 and 99.2. The company noted that the information under Items 2.02 and 7.01, including these exhibits, is being furnished and is not deemed filed under the Exchange Act.