Velo3D, Inc. (VELO)

From the record

Velo3D, Inc.'s filings since 2020 show 14 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 4 times, the latest 2024-09-12); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-12); an auditor change (8-K item 4.01, 3 times, the latest 2024-12-26); a late-report notice (Form NT 10-K or NT 10-Q, 6 times, the latest 2024-11-15) (its current reports).

From the record

Velo3D, Inc.'s 6 filed years say what it did: revenue went from $19 million in fiscal 2020 to $46 million in fiscal 2025, up 19.4% a year; it rose in 3 of 5 years; the deepest fall was 48% from fiscal 2022 to fiscal 2024; net income was positive in 1 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Velo3D, Inc. lost about 187 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 7 cents per dollar of everything the company owns. Leverage: it owed about 64 cents per dollar of assets, and net share issuance: its share count grew 1845.9% over the year (the filed statements).

From the record

Velo3D, Inc.'s standing among 13 graded names in its industry family: revenue of $46 million in fiscal 2025 ranks in the bottom 21% by size; a net margin of -155.2% ranks in the bottom 4%; revenue growth of -16.4% a year over the last 3 filed years ranks in the bottom 4% (its annual reports).

From the record

Velo3D, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Jeldi, Arun (CEO, as filed), filing under that title since 2025-01-03, 1.9 years (bottom 38% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 1.9 years (bottom 4%); 18 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 4%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Velo3D, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $39 million against debt of $31 million leaves 7.6% of its assets as net cash, bottom 12% of its family; cash from operations less capital spending is -65.3% of revenue (bottom 4%); a gross margin of -16.1% (bottom 4%); research spending of 23.2% of revenue (top 4%) (its annual report).

From the record

Velo3D, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -16.4% a year over the last three filed years against 19.4% over all 6, slowing (bottom 4% of its family); the newest year grew 12.1% (top 35%); research spending grew -38.7% a year (bottom 4%); capital spending grew -41.9% a year (bottom 13%) (its annual reports). Velo3D, Inc. reported 4 product lines in fiscal 2025: A3 D Printer and Parts at $39 million (85%), Support Services at $6 million (14%), Other at $524 thousand (1%), and 1 more; 1 of 4 grew against the year before (its annual report).

From the record

Velo3D, Inc.'s newest year against its own record: revenue of $46 million in fiscal 2025 came in 55.3% above the $30 million its prior three years' pace pointed to (top 12% of its family); net income of $71 million against a prior three-year average of $66 million (bottom 42%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 12%) (its annual reports).