Filing Flows › Velo3D (VELO) › Q3 2025
Velo3D (VELO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Velo3D (VELO) reported revenue of $13.6M for the third quarter 2025 (Q3 2025), +65% from a year earlier and +0.5% from the quarter before. Operating margin was -77.9%, net loss $11.8M (86.7% of revenue).
Velo3D, Q3 2025: revenue $13.6M (+65% year over year), operating margin -77.9%, net loss $11.8M, operating cash flow −$6.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.6M | +0.5% | +65% |
| Operating profit | −$10.6M | — | — |
| Net earnings | −$11.8M | — | — |
| Operating cash flow | −$6.0M | — | — |
What changed
Revenue was $13.6M in Q3 2025, up 65% year over year and up 1% from the previous quarter. A3D Printer and Parts was the largest line at 88% of revenue. A3D Printer and Parts added $10.9M year over year (up 1043%), 203% of the total change. Other declined 94%.
Gross margin was 3.2%, down 46.2 points from a year earlier. Operating costs exceeded revenue by $10.6M, an operating margin of -77.9%. Operating expenses fell 52% while revenue rose 65%. The quarter ended with a net loss of $11.8M, narrower than the previous quarter's $13.3M loss.
Operating cash flow was −$6.0M. Non-cash charges added back $675K of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $313K exceeded it, leaving free cash flow of −$6.3M.
Questions
What was Velo3D's revenue in the third quarter 2025?
Velo3D (VELO) reported revenue of $13.6M for the third quarter 2025 (Q3 2025), +65% from a year earlier and +0.5% from the quarter before.
Was Velo3D profitable in the third quarter 2025?
Operating loss was $10.6M (-77.9% of revenue) and net loss $11.8M.
Source: Velo3D 10-Q on SEC EDGAR.