Filing Flows › Velo3D (VELO) › Q1 2026
Velo3D (VELO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Velo3D (VELO) reported revenue of $13.8M for the first quarter 2026 (Q1 2026), +48% from a year earlier and +46% from the quarter before. Operating margin was -50.3%, net loss $7.0M (50.7% of revenue).
Velo3D, Q1 2026: revenue $13.8M (+48% year over year), operating margin -50.3%, net loss $7.0M, operating cash flow −$18.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.8M | +46% | +48% |
| Operating profit | −$6.9M | — | — |
| Net earnings | −$7.0M | — | — |
| Operating cash flow | −$18.0M | — | — |
What changed
Revenue was $13.8M in Q1 2026, up 48% year over year and up 46% from the previous quarter. A3D Printer and Parts was the largest line at 87% of revenue. A3D Printer and Parts added $4.5M year over year (up 60%), 100% of the total change. Support Services declined 29%.
Gross margin was 17.2%, up 9.8 points from Q1 2025. Operating costs exceeded revenue by $6.9M, an operating margin of -50.3%. Operating expenses fell 24% while revenue rose 48%. The fastest-growing cost line was Sales & marketing (+58%). The quarter ended with a net loss of $7.0M, narrower than the previous quarter's $21.9M loss.
Operating cash flow was −$18.0M. Non-cash charges added back $762K of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $13.6M. Capital expenditures of $940K exceeded it, leaving free cash flow of −$18.9M.
Questions
What was Velo3D's revenue in the first quarter 2026?
Velo3D (VELO) reported revenue of $13.8M for the first quarter 2026 (Q1 2026), +48% from a year earlier and +46% from the quarter before.
Was Velo3D profitable in the first quarter 2026?
Operating loss was $6.9M (-50.3% of revenue) and net loss $7.0M.
Source: Velo3D 10-Q on SEC EDGAR.