Filing Flows › Velo3D (VELO) › Q1 2025
Velo3D (VELO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Velo3D (VELO) reported revenue of $9.3M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -26% from the quarter before. Operating margin was -123.6%, net loss $25.0M (268.4% of revenue).
Velo3D, Q1 2025: revenue $9.3M (-5% year over year), operating margin -123.6%, net loss $25.0M, operating cash flow −$12.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3M | -26% | -5% |
| Operating profit | −$11.5M | — | — |
| Net earnings | −$25.0M | — | — |
| Operating cash flow | −$12.3M | — | — |
What changed
Revenue was $9.3M in Q1 2025, down 5% year over year and down 26% from the previous quarter. A3D Printers was the largest line at 81% of revenue. A3D Printers lost $137K year over year (down 2%), 29% of the total change.
Gross margin was 7.5%. Operating costs exceeded revenue by $11.5M, an operating margin of -123.6%. The quarter ended with a net loss of $25.0M, wider than the previous quarter's $18.1M loss. Net interest and other expense of $13.5M was the main reason.
Operating cash flow was −$12.3M. Non-cash charges added back $942K of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $7.6M.
Questions
What was Velo3D's revenue in the first quarter 2025?
Velo3D (VELO) reported revenue of $9.3M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -26% from the quarter before.
Was Velo3D profitable in the first quarter 2025?
Operating loss was $11.5M (-123.6% of revenue) and net loss $25.0M.
Source: Velo3D 10-Q on SEC EDGAR.