Filing Flows › Velo3D (VELO) › Q4 2025
Velo3D (VELO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Velo3D (VELO) reported revenue of $9.4M for the fourth quarter 2025 (Q4 2025), -25% from a year earlier and -31% from the quarter before. Operating margin was -231.0%, net loss $21.9M (231.9% of revenue).
Velo3D, Q4 2025: revenue $9.4M (-25% year over year), operating margin -231.0%, net loss $21.9M, operating cash flow −$7.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.4M | -31% | -25% |
| Operating profit | −$21.8M | — | — |
| Net earnings | −$21.9M | — | — |
| Operating cash flow | −$7.7M | — | — |
What changed
Revenue was $9.4M in Q4 2025, down 25% year over year and down 31% from the previous quarter. A3D Printer and Parts was the largest line at 80% of revenue.
Operating costs exceeded revenue by $21.8M, an operating margin of -231.0%. Total costs fell 7% while revenue fell 25%. The fastest-growing cost line was Sales & marketing (+59%). The quarter ended with a net loss of $21.9M, wider than the previous quarter's $11.2M loss.
Operating cash flow was −$7.7M. Non-cash charges added back $644K of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $11.3M. Capital expenditures of $603K exceeded it, leaving free cash flow of −$8.3M.
Questions
What was Velo3D's revenue in the fourth quarter 2025?
Velo3D (VELO) reported revenue of $9.4M for the fourth quarter 2025 (Q4 2025), -25% from a year earlier and -31% from the quarter before.
Was Velo3D profitable in the fourth quarter 2025?
Operating loss was $21.8M (-231.0% of revenue) and net loss $21.9M.
Source: Velo3D 10-K on SEC EDGAR.