# Velo3D, Inc. (VELO)

> Source: Nexqual · https://nexqual.com/VELO · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Velo3D, Inc. (VELO), nexqual.com/VELO" · informational, not investment advice.

**Price:** USD 7.47 (+6.11% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 7.04 · day 6.38–7.48 · 52w 3.75–31.75 · market cap $240M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $57.6M, net income -$51.6M (-89.6% margin), free cash flow -$58.7M (SEC filings).
- 1 of 80 tracked superinvestors hold VELO (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (4 analysts), mean target USD 23.25 (range 17–33).
- Total return with dividends: 1Y +29.0% vs S&P 500 +18.1%; 5Y -99.8% vs S&P 500 +85.1%.
- Next earnings: 2026-11-09, EPS estimate USD -0.26, revenue estimate $19.5M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $27.4M | $78.7M | $77.4M | $41.0M | $46.0M | $57.6M |
| Gross profit | $5.0M | $843K | -$26.3M | -$2.1M | -$7.4M | — |
| Operating income | -$57.8M | -$106M | -$133M | -$78.8M | -$54.9M | -$49.8M |
| Net income | -$107M | $8.0M | -$135M | -$69.7M | -$71.4M | -$51.6M |
| EPS (diluted) | -$955.50 | $21.00 | -$359.55 | -$82.32 | -$4.33 | — |
| Free cash flow | -$66.0M | -$138M | -$107M | -$32.7M | -$30.0M | -$58.7M |
| Gross margin | 18.1% | 1.1% | -33.9% | -5.1% | -16.1% | — |
| Operating margin | -210.5% | -135.1% | -172.1% | -192.2% | -119.5% | -86.5% |
| Net margin | -390.3% | 10.1% | -174.5% | -170.1% | -155.2% | -89.6% |
| Revenue growth | +44.6% | +186.8% | -1.6% | -47.1% | +12.1% | — |
| Cash + short-term investments | $223M | $80.2M | $31.1M | $1.2M | $39.0M | — |
| Total debt | — | $8.4M | $44.0M | $11.3M | $31.0M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 4.2x · EV/Sales 2.7x · P/B 1.6x · FCF yield -24.43% · Earnings yield -21.48% · Net cash $82.9M · EV $157M

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold VELO. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.01% | $1.3M | Added +21.1% |

## Analysts
Consensus Buy (mean 1.75 on a 1–5 scale), 4 analysts; mean target USD 23.25 (low 17, high 33).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-12 | Needham | Reiterated | Buy | $33 |
| 2026-08-12 | Cantor Fitzgerald | Reiterated | Overweight | $17 |
| 2026-07-09 | Cantor Fitzgerald | Initiated | Overweight | $17 |
| 2026-06-25 | Needham | Initiated | Buy | $33 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +29.0% | -99.8% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +29.1% | -71.6% |
| Volatility (annualized) | 170.9% | 179.5% |
| Max drawdown | -77.0% (Jun 2026→Oct 2026) | -100.0% (Nov 2021→Mar 2025) |

## Peers (Computer Hardware)
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## More
Full page: https://nexqual.com/VELO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt