Velo3D $VELO Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Velo3D, Inc. ($VELO). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-10-02. 16 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2024-12-26.
🔖 Exposure: revenue $46.0M (FY2025), total debt $31.0M. Experience: revenue up 12.1% on the year, up 13.8% a year over 4 years; operating margin -119.5%, up from -192.2%. Soundness: equity 36.2% of assets, return on equity -187.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $16.6M and $118.9M next year (method v4.1: its own 5-year record of growth weighed at 57% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $14.5M to $136.8M. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, its industry group): operating margin -119.5% against a 14.2% median; growth 12.1% against 2.3%.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | −$27M · −$3M · $68M · −$30M |
| Investment book (cash · short · long) | $39M · — · — · current ratio 2.37 |
| Revenue swing · equity of assets | 61.4% · 36.2% |
Velo3D is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $46M |
| Revenue, on the year | 12.1% |
| Revenue, a year over the record | 13.8% |
| Operating margin | −119.5% |
| Operating margin, prior year | −192.2% |
| Net margin | −155.2% |
| Research and development | $11M · 23.2% of revenue |
| Total debt | $31M |
| Equity of assets | 36.2% |
| Return on equity | −187.0% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $-4.33 |
| Book value per share | $2.31 |
| Revenue per share | $2.79 |
| Shares outstanding | 16,486,845 |
| Audited years read | 5 |
Peers: the median of 11 filers with $50M+ revenue in special industry machinery, nec.
Health HarborVelo3D sails as: Old boat
Health watch · 12 monthsDirector or officer change ×7
Sailing speed follows growth: -16.4% a year crosses the harbor in 120 seconds.
🌊 Visit the Bay →- slow and jumpy: growing slower than its size class, with revenue that swings more
- operating cash flow was negative
- revenue is hard to predict: its 80% range is ±75%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-10-02 · 1.01 Entry into a Material Definitive Agreement; 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-08-11
- 8-K · 2026-08-11 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-07-14 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits
- 8-K · 2026-07-01 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-15 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company