Velo3D, Inc. (VELO) AI Stock Analysis

Velo3D, Inc. produces and sells metal additive three-dimensional printers across the Americas, Europe, and international markets. Its printers manufacture components for space rockets, jet engines, fuel delivery systems, and other metal parts. The company's hardware portfolio includes Sapphire, Sapphire 1MZ, Sapphire XC, and Sapphire XC 1MZ printers. Its integrated solution features the Flow software platform for part scanning, Assure for quality assurance, Developer for print preparation, and Intelligent Fusion manufacturing processes. Velo3D serves space, aviation, defense, automotive, energy, and industrial markets. Founded in 2014 and based in Fremont, California, the company operates as a subsidiary of Arrayed Additive inc.

Velo3D expanded annual revenue from $27.4M in FY2021 to a peak of $78.7M in FY2022 before declining to $41.0M in FY2024 and rebounding 12.1% to $46.0M in FY2025. Over the 5-year period from FY2020 to FY2025, revenue achieved a CAGR of 19.4%. Operating margins remained negative throughout, coming in at -119.5% in FY2025 alongside a net loss of -$71.4M and EPS of -$99.76. Gross margin stood at -16.1% in FY2025 compared to 18.1% in FY2021. For the latest quarter ended June 30, 2026, quarterly revenue grew 52.3% year-over-year, while quarterly earnings grew 79.2% year-over-year.

As of June 30, 2026, Velo3D held $91.1M in cash and short-term investments and $3.2M in total debt, resulting in net cash of $87.9M. Total assets stood at $200.1M, with shareholders' equity of $146.5M. The company's current ratio was 6.33 and its debt-to-equity ratio was 0.02. Free cash flow was -$30.0M in FY2025, an improvement from -$143.4M in FY2022. FY2025 capital expenditures were $2.7M. Over the trailing 5-year period, the company's share count increased 8337.9%.

Velo3D has a market capitalization of $218.5M and an enterprise value of $310.0M. It trades at a price-to-sales multiple of 3.8x, above the 2.8x median of its US-listed Technology peers. Its EV-to-EBITDA ratio is 6.8x, below the peer group median of 16.6x, while its EV-to-revenue stands at 5.4x and price-to-book is 2.5x. Over the past year, VELO gained 17.4%, slightly outpacing the S&P 500 (SPY) return of 16.8%. However, its return over five years was -99.8%, compared to an 83.0% gain for the S&P 500.

Analysts have a mean price target of $23.25 for VELO, which is 242.2% above its last close of $6.79. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $72.5M and EPS of -$0.98. For the next fiscal year, two analysts project revenue of $92.1M, representing 27.0% growth, and an EPS of -$0.63. Over the last four quarters, the company beat EPS estimates once. The next earnings date is November 9, 2026.

This page is an AI-written research summary of Velo3D, Inc. (VELO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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