Velo3D Reports Q1 2025 Financial Results and Strategic Growth

Velo3d, Inc. ( (VLDX) ) has released its Q1 earnings. Here is a breakdown of the information Velo3d, Inc. presented to its investors.

Velo3D, Inc. is a prominent player in the additive manufacturing sector, specializing in advanced metal 3D printing technology that caters to industries such as aerospace and defense. The company is renowned for its innovative solutions that enhance supply chain efficiency by enabling the production of complex metal parts that were previously challenging to manufacture.

In its first quarter of 2025, Velo3D reported a revenue of $9.3 million and a gross margin of 7.5%, showcasing a significant improvement from the previous year. The company has also reaffirmed its expectation for a more than 30% annual revenue growth for 2025 and aims to achieve EBITDA positivity by the first half of 2026.

Key highlights from the earnings report include a notable shift in demand towards Rapid Production Services (RPS), with a threefold increase in backlog compared to the end of 2024. The company secured a five-year, $15 million agreement with Momentus, Inc., and an exclusive supply agreement with Amaero, reflecting its strategic focus on reshoring manufacturing capabilities. Additionally, Velo3D has strengthened its leadership team with appointments that bolster its defense and government relations.

Financially, Velo3D’s operating expenses decreased significantly, and the company reported a reduced GAAP net loss of $25.4 million compared to the previous year. Non-GAAP net loss also showed improvement, highlighting the company’s efforts in cost management and operational efficiency.

Looking ahead, Velo3D’s management remains optimistic about its growth trajectory, driven by strategic partnerships and a robust go-to-market strategy. The company anticipates continued improvements in gross margin and revenue contributions from its RPS business, positioning it for sustainable growth and profitability in the coming years.