Velo3D (VELO) AI Stock Analysis

• Market Cap: $85.18M
• Dividend Yield: N/A
• Average Volume (3M): 704.33K
• Price to Earnings (P/E): ―
• Beta (1Y): -4.96
• Revenue Growth: 59.44%
• EPS Growth: 93.09%
• Country: US
• Employees: 105
• Sector: Technology
• Sector Strength: 88
• Industry: Computer Hardware
• EPS (TTM): -0.54
• Shares Outstanding: 19,900,885
• 10 Day Avg. Volume: 1,511,419
• 30 Day Avg. Volume: 704,333
• PEG Ratio: <0.01
• Price to Book (P/B): 0.13
• Price to Sales (P/S): 0.12
• P/FCF Ratio: -0.15
• Enterprise Value/Market Cap: 1.55
• Enterprise Value/Revenue: 2.69
• Enterprise Value/Gross Profit: -146.43
• Enterprise Value/Ebitda: -1.89
• 1Y Price Target: $6.00
• Price Target Upside: 7.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $5.50 ▼(-1.26% Downside)

Velo3D's overall stock score reflects significant financial challenges, with negative profitability and cash flow issues being the most impactful factors. While technical analysis shows some short-term bullish momentum, long-term indicators remain bearish. Valuation concerns persist due to ongoing losses. However, recent corporate events provide a positive outlook with new funding and strategic partnerships, offering potential for future improvement.

Positive Factors

Revenue Growth

Despite financial challenges, Velo3D has shown strong revenue growth, indicating potential market demand and product adoption.

Innovative Product Offering

Velo3D's focus on innovative 3D printing systems positions it well in high-tech industries like aerospace and automotive, supporting long-term growth.

Strategic Partnerships

Collaborative projects with industry leaders can enhance Velo3D's offerings and expand its market reach, contributing to sustained revenue streams.

Negative Factors

High Leverage

High leverage poses financial risks, potentially limiting Velo3D's ability to invest in growth opportunities and manage economic downturns.

Negative Profit Margins

Negative profit margins indicate operational inefficiencies and high costs, which can undermine long-term profitability and competitiveness.

Cash Flow Challenges

Negative cash flow suggests liquidity issues, impacting Velo3D's ability to sustain operations and invest in growth without external financing.

Velo3D Business Overview & Revenue Model

Company Description

Velo3D, Inc. produces and sells metal additive three dimensional printers in the Americas, Europe, and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other metal parts, which it sells or leases to customers for use in their businesses. It also offers Flow, a proprietary software platform, which scans part designs for geometrical features; and Sapphire, Sapphire 1MZ, Sapphire XC, and Sapphire XC 1MZ printers. In addition, the company provides Assure, a quality control software platform that includes process metrologies; Flow Developer, a new version of print preparation software that turns traditional design files into print files; and Intelligent Fusion, an underlying manufacturing process that unifies and manages the information flow, sensor data, and the advanced printing technology for precision control of the entire print. Further, it offers Rapid Production Solutions to build resilient supply chains for production parts in different industries; and provides support services. The company serves small- and medium-sized enterprises to Fortune 500 companies in the space, aviation, defense, automotive, energy, and industrial markets. Velo3D, Inc. was founded in 2014 and is headquartered in Fremont, California. Velo3D, Inc operates as a subsidiary of Arrayed Additive inc.

How the Company Makes Money

Velo3D generates revenue primarily through the sale of its 3D printing systems, including the Sapphire printer, as well as through the sales of materials, software licenses, and support services. Key revenue streams include direct sales of printers to manufacturers, ongoing contracts for software updates and maintenance, and the sale of specialized metal powders used in the printing process. The company also engages in partnerships with aerospace and industrial firms, which can lead to collaborative projects that enhance its offerings and expand its market reach, contributing significantly to its earnings.

Velo3D Financial Statement Overview

Summary

Velo3D is facing significant financial difficulties. The company is struggling with declining revenues, negative profitability margins, and high leverage. Cash flow issues are evident, with negative operating and free cash flows. The financial position is precarious, with declining equity and high debt levels, posing risks to long-term sustainability.

Income Statement

Velo3D's income statement reveals significant challenges. The company has experienced a drastic decline in revenue, with a negative growth rate of -47% in the most recent year. Gross profit margin is negative, indicating that the cost of goods sold exceeds revenue. The net profit margin is also negative, reflecting substantial net losses. EBIT and EBITDA margins are deeply negative, highlighting operational inefficiencies and high operating expenses.

Balance Sheet

The balance sheet shows a concerning debt-to-equity ratio, with total debt nearly half of stockholders' equity, indicating potential leverage risks. The equity ratio is moderate, suggesting that a significant portion of the company's assets is financed by equity. However, the declining stockholders' equity over the years raises concerns about financial stability.

Cash Flow

Cash flow analysis indicates severe cash flow challenges. Operating cash flow is negative, and free cash flow has been consistently negative, though there is a slight improvement in free cash flow growth. The operating cash flow to net income ratio is unfavorable, suggesting that the company struggles to convert income into cash. The free cash flow to net income ratio is also negative, further emphasizing liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	49.16M	41.00M	77.44M	78.71M	27.44M	18.98M
Gross Profit	-902.00K	-2.08M	-26.27M	843.00K	4.96M	6.37M
EBITDA	-69.92M	-52.44M	-116.11M	13.63M	10.27M	-19.97M
Net Income	-72.94M	-73.30M	-135.14M	7.97M	10.20M	-8.76M
Balance Sheet
Total Assets	93.90M	89.18M	153.80M	223.06M	302.72M	32.69M
Cash, Cash Equivalents and Short-Term Investments	11.84M	1.21M	31.11M	80.20M	1.19K	15.52M
Total Debt	32.54M	15.92M	45.57M	22.85M	19.51M	8.73M
Total Liabilities	63.74M	49.52M	85.46M	84.27M	14.95K	16.81M
Stockholders Equity	30.16M	39.66M	68.34M	138.79M	110.42M	15.88M
Cash Flow
Free Cash Flow	-23.89M	-32.69M	-108.85M	-143.38M	-375.88K	-29.88M
Operating Cash Flow	-21.80M	-32.68M	-105.64M	-123.96M	-375.88K	-26.45M
Investing Cash Flow	-989.00K	7.77M	38.89M	-53.02M	-230.00M	-3.43M
Financing Cash Flow	32.83M	1.46M	59.26M	1.34M	231.51M	35.58M

Velo3D Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VELO, the sentiment is Positive. The current price of 5.57 is above the 20-day moving average (MA) of 5.09, above the 50-day MA of 5.02, and below the 200-day MA of 5.62, indicating a neutral trend. The MACD of 0.19 indicates Negative momentum. The RSI at 53.64 is Neutral, neither overbought nor oversold. The STOCH value of 79.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VELO.

Velo3D Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DUOT	54 Neutral	$199.46M	―	-38.62%	―	159.00%	33.19%
IDN	51 Neutral	$87.56M	-92.98	1.17%	―	14.20%	―
VELO	50 Neutral	$85.18M	-0.08	-228.03%	―	59.44%	93.09%
QUIK	49 Neutral	$124.84M	-15.97	-39.72%	―	-28.05%	-488.63%
SOL	48 Neutral	$92.38M	―	-2.90%	―	-29.98%	-13.97%
WBX	41 Neutral	$48.51M	―	-184.98%	―	-11.22%	6.15%

Velo3D Corporate Events

Velo3D Reports Q3 Results and Nasdaq Uplisting

On November 10, 2025, Velo3D announced its third-quarter financial results, highlighting a revenue of $13.6 million and a backlog of $21.1 million as of September 30, 2025. The company completed its uplisting to Nasdaq and a public offering, raising approximately $17.5 million. Velo3D’s Rapid Production Services (RPS) showed strong momentum, with a 22% increase in backlog quarter to quarter and significant bookings from the space and defense sectors. The company also signed agreements to support U.S. Navy and Army initiatives, achieved AS9100D certification, and expanded partnerships to scale production. Velo3D reaffirmed its revenue expectations for 2025 and aims to be EBITDA positive in the first half of 2026.