Filing Flows › Velo3D (VELO) › Q2 2025
Velo3D (VELO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Velo3D (VELO) reported revenue of $13.6M for the second quarter 2025 (Q2 2025), +31% from a year earlier and +46% from the quarter before. Operating margin was -85.4%, net loss $13.3M (97.7% of revenue).
Velo3D, Q2 2025: revenue $13.6M (+31% year over year), operating margin -85.4%, net loss $13.3M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.6M | +46% | +31% |
| Operating profit | −$11.6M | — | — |
| Net earnings | −$13.3M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $13.6M in Q2 2025, up 31% year over year and up 46% from the previous quarter. 3D Printers was the largest line at 89% of revenue. 3D Printers added $3.4M year over year (up 39%), 105% of the total change. Recurring Payment declined 76%.
Operating costs exceeded revenue by $11.6M, an operating margin of -85.4%. Total costs fell 18% while revenue rose 31%. The quarter ended with a net loss of $13.3M, narrower than the previous quarter's $25.0M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $875K of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $8.8M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$3.0M.
Questions
What was Velo3D's revenue in the second quarter 2025?
Velo3D (VELO) reported revenue of $13.6M for the second quarter 2025 (Q2 2025), +31% from a year earlier and +46% from the quarter before.
Was Velo3D profitable in the second quarter 2025?
Operating loss was $11.6M (-85.4% of revenue) and net loss $13.3M.
Source: Velo3D 10-Q on SEC EDGAR.