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Velo3D ( (VELO) ) has provided an announcement.
On March 20, 2026, Velo3D’s board appointed former Cricut executive and veteran Citibank technology analyst James Suva as chief financial officer and principal financial and accounting officer, effective April 6, 2026. He succeeds acting CFO Bernard Chung, who has held the interim role since December 31, 2025 and will return to his position as corporate controller.
The company on March 24, 2026 reported 2025 revenue of $46 million, up from $41 million in 2024, but continued to post steep losses and negative gross margins driven partly by a $7 million obsolete inventory write-down. Velo3D highlighted record fourth-quarter bookings, a $31 million year-end backlog, major new U.S. defense and Army contracts and a deleveraged balance sheet, and unveiled a demand-led plan to expand to roughly 400 production systems over the next decade, signaling an aggressive push to scale in defense and aerospace despite ongoing profitability challenges.
The most recent analyst rating on (VELO) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Velo3D stock, see the VELO Stock Forecast page.
Spark’s Take on VELO Stock
According to Spark, TipRanks’ AI Analyst, VELO is a Neutral.
The score is held down primarily by very weak financial performance (sharp revenue decline, negative margins, and negative operating/free cash flow). Technicals are mixed but somewhat improved versus longer-term averages, while corporate events provide a moderate offset via new financing and a sizable defense-related contract. Valuation remains challenging to interpret due to losses and no dividend.
To see Spark’s full report on VELO stock, click here.
More about Velo3D
Velo3D, Inc. is a U.S.-based additive manufacturing technology company specializing in metal 3D printing systems and Rapid Production Solutions for aerospace and defense customers. The company focuses on transforming supply chains for mission-critical components through large-format production systems and parts production services, positioning itself as a key supplier to defense and aviation programs.
The company leverages its Sapphire platform and RPS offering to support high-performance applications, emphasizing resilient, localized manufacturing. With growing engagements across U.S. defense agencies and prime contractors, Velo3D is building an asset-rich production fleet and exploring capital-efficient financing structures to fund its expansion and long-term capacity buildout over the next decade.
Average Trading Volume: 2,035,901
Technical Sentiment Signal: Hold
Current Market Cap: $325.2M
For a thorough assessment of VELO stock, go to TipRanks’ Stock Analysis page.