Velo3D (VELO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Velo3D

NasdaqCM•Technology•Computer Hardware

$11.61+0.03(<0.01%)Market closed

Market Cap

$294.19M

P/S

5.1x

P/B

2.0x

Velo3D, Inc. produces and sells metal additive three-dimensional printers in the Americas, Europe, and internationally. Its printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other metal parts. The company also offers Flow, a proprietary software platform, which scans part designs for geometrical features; Sapphire, Sapphire 1MZ, Sapphire XC, and Sapphire XC 1MZ printers; Assure, a quality assurance software platform; Developer, a new version of print preparation software that turns traditional design files into print files; and Intelligent Fusion, the underlying manufacturing process that binds and facilitates all aspects of the Velo3D fully integrated solution. It serves companies in the space, aviation, defense, automotive, energy, and industrial markets. The company was founded in 2014 and is headquartered in Fremont, California. Velo3D, Inc. operates as a subsidiary of Arrayed Additive inc.

How this company scores

WeakMetricSide Score: 53/100

Grade capped at D — Interest coverage below 1× (-69.9x) — earnings cannot cover interest. Strongest: Growth (20/25); weakest: Cash & Earnings Quality (4/25).

Profitability12/25

Growth20/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality4/25

Strengths

Growing revenueLow leverageProfit converts from growthImproving leverage

Grade capped at D

Interest coverage below 1× (-69.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 18.9x5y range 18.9x – 58.5x

P/S · 5.1x5y range 0.3x – 83.0x

Currently near its 20-quarter median.

P/B · 2.0x5y range 0.3x – 66.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $294.19M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $57.56M
Q. Revenue: $20.66M
TTM EBITDA: $-45.72M
TTM Op. Income: $-48.92M
Q. Op. Income: $-11.06M
TTM Net Income: $-50.70M
Q. Net Income: $-11.51M
EPS: $-0.39
Shares Out.: $29.45M

$57.56M in TTM revenue grew 31.5% YoY, reaching $20.66M last quarter. TTM EBITDA of $-45.72M and TTM operating income of $-48.92M show growth is flowing through to the bottom line. However, net income is negative at $50.70M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 21.5%
EBITDA Margin: -49.7%
Op. Margin: -53.5%
Net Margin: -55.7%

Op. margin of -53.5% is up 35.5% YoY — cost efficiency is improving. Net margin at -55.7% and gross margin of 21.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 40% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 5.1x
P/B Ratio: 2.0x

P/S of 5.1x and P/B of 2.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $200.15M
Cash: $91.14M
Long-Term Debt: $8.17M
Book Value: $146.54M
D/E Ratio: 0.1
Debt/EBITDA: N/A

With $200.15M in assets and $8.17M in long-term debt, D/E is 0.1and book value is $146.54M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-21.55M
TTM Free Cash Flow: $-58.67M
FCF Margin: -101.9%
FCF / Net Income: 1.2

TTM FCF of $-58.67M on $-21.55M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.