One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Velo3D, Inc.
VELO · NCM · Technology · Computer Hardware
Current price
$4.84
52-week range
$3.75 - $31.75
Market cap
$155.60M
Balance sheet
Healthy
-12.58x Concerning
Net cash $60.33M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 25.2% last year.
- Risk Return on equity was -61.4% last year — the company lost money on shareholders' equity.
What this company does
Velo3D, Inc.
Velo3D makes special 3D printers for metal parts used in demanding industries like space and aviation, selling them globally. The money primarily comes from selling these advanced printers and their related software, which is important because it shows how much demand there is for their high-tech manufacturing solutions.
How the company got here
Velo3D was founded in 2014 with a mission to revolutionize metal 3D printing. The company focused on developing advanced printing technology and integrated software to create complex metal parts with high precision. A key turning point was the development of their end-to-end solution, combining hardware, software, and a unique manufacturing process. This approach aimed to address the limitations of existing metal 3D printing methods, making it more accessible for demanding industries like aerospace and defense.
What it actually does
Velo3D makes and sells specialized metal 3D printers. Think of them as super-advanced machines that can build intricate metal parts layer by layer from digital designs, much like a regular 3D printer but for strong metals. These printers are used by companies that need to create complex components for things like rockets, jet engines, and advanced automotive parts where traditional manufacturing methods might be too difficult or expensive. Velo3D also provides the software that designs the parts and manages the printing process, ensuring high quality and repeatability.
Integrated Metal Additive Manufacturing Solution
Velo3D's primary business is its integrated metal additive manufacturing solution. This encompasses their metal 3D printers, such as the Sapphire and Sapphire XC models, which are designed for high-volume production of critical metal components. The company also offers Flow, a proprietary software that prepares designs for printing, and Assure, a quality assurance platform that verifies the integrity of the printed parts. This complete package is sold to companies in high-tech sectors like space, aviation, defense, and energy, who need to produce complex, mission-critical metal parts that are difficult or impossible to make with traditional manufacturing.
What management is betting on now
Management is focused on expanding the adoption of Velo3D's integrated printing solutions across key industries. They are emphasizing the ability of their technology to produce high-quality, complex metal parts efficiently, which is crucial for customers in aerospace and defense. A strategic priority is to grow their installed base of printers and increase recurring revenue from their software and services. They believe that by offering a fully integrated system, they can capture a larger share of the advanced manufacturing market and drive future growth.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-1.99M
FY2024 Q4
$-2.23M
FY2025 Q1
$-12.35M
FY2025 Q2
$-3.02M
FY2025 Q3
$-6.34M
FY2025 Q4
$-8.34M
FY2026 Q1
$-18.92M
FY2026 Q2
$-25.07M
Revenue
$20.66M
Net income
$-11.51M
Diluted EPS
-0.39
Operating cash flow
$-21.55M
Free cash flow
$-25.07M
Fetching…
Sources
Revenue
$13.82M
Net income
$-7.00M
Diluted EPS
-0.28
Operating cash flow
$-17.98M
Free cash flow
$-18.92M
Fetching…
Sources
Revenue
$9.44M
Net income
$-20.37M
Diluted EPS
-2.53
Operating cash flow
$-7.74M
Free cash flow
$-8.34M
Fetching…
Sources
Revenue
$13.64M
Net income
$-11.82M
Diluted EPS
-0.69
Operating cash flow
$-6.03M
Free cash flow
$-6.34M
Fetching…
Sources
Revenue
$13.57M
Net income
$-13.76M
Diluted EPS
-0.98
Operating cash flow
$-1.22M
Free cash flow
$-3.02M
Fetching…
Sources
Revenue
$9.32M
Net income
$-25.41M
Diluted EPS
-0.13
Operating cash flow
$-12.35M
Free cash flow
$-12.35M
Fetching…
Sources
Revenue
$12.63M
Net income
$-21.95M
Diluted EPS
-3.17
Operating cash flow
$-2.21M
Free cash flow
$-2.23M
Fetching…
Sources
Revenue
$8.25M
Net income
$-22.86M
Diluted EPS
-2.47
Operating cash flow
$-1.97M
Free cash flow
$-1.99M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $4.84
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $60.3M - more cash than debt. Interest coverage -12.6x.
Net debt
$-60.33M
Interest coverage
-12.58x
Velo3D, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
VELO
BASELINE
Velo3D, Inc.
Total debt $30.82M Interest coverage -12.58x This is the baseline the peer rows are being compared against.
Total debt $152.19M Interest coverage -18.47x Neither company has much profit cushion over interest right now.
Total debt $25.41M Interest coverage -6.98x Neither company has much profit cushion over interest right now.
Total debt $27.25M Interest coverage -821.51x Neither company has much profit cushion over interest right now.
What you should know
The case for and against VELO
1 Reward
1 Risk
Rewards
-
Revenue grew 25.2% last year.
Risks
-
Return on equity was -61.4% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-7.68x
P/B
1.06x
P/S
2.70x
EV/EBITDA
-2.02x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
0.5%
Operating margin
-53.5%
Net margin
-89.6%
ROE
-61.4%
ROA
-22.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.21x
Current ratio
6.33x
Quick ratio
4.53x
Total debt
$30.82M
Total cash
$91.14M
Growth
How the business has been compounding
Revenue TTM
$57.56M
Revenue 5Y CAGR
13.8%
EPS TTM
-2.27
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-53.30M
Free CF TTM
$-30.04M
FCF margin
-52.2%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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