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Velo3D vs Energy Recovery: VELO and ERII compared
Velo3D is the larger company: $20.7M of revenue in its latest quarter (Q2 2026) against $11.2M for Energy Recovery (Q3 2026). Velo3D is growing faster (+52% against -65% a year earlier). Velo3D is more profitable, with an operating margin of -53.5% against -87.5%.
Where the money goes: VELO and ERII
Velo3D (VELO) · Q2 2026
Velo3D, Q2 2026: revenue $20.7M (+52% year over year), operating margin -53.5%, net loss $11.5M, operating cash flow −$21.6M. The chart follows the revenue to costs, profit and cash.
Energy Recovery (ERII) · Q3 2026
Energy Recovery, Q3 2026: revenue $11.2M (-65% year over year), operating margin -87.5%, net loss $6.3M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
| Velo3D (VELO) | Energy Recovery (ERII) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $20.7M | $11.2M |
| Revenue growth, Y/Y | +52% | -65% |
| Operating margin | -53.5% | -87.5% |
| Net earnings | −$11.5M | −$6.3M |
| Net margin | -55.7% | -56.5% |
| Operating cash flow | −$21.6M | −$9.2M |
Where the revenue comes from
Velo3D
- A3D Printer and Parts: $19.0M (92%)
- Support Services: $1.5M (7%)
- Other: $202K (1%)
Energy Recovery
- Desalination: $10.7M (96%)
- Wastewater: $476K (4%)
Questions
Which is bigger, Velo3D or Energy Recovery?
Velo3D is the larger company: $20.7M of revenue in its latest quarter (Q2 2026) against $11.2M for Energy Recovery (Q3 2026).
Is Velo3D or Energy Recovery growing faster?
Velo3D is growing faster (+52% against -65% a year earlier).
Which is more profitable, Velo3D or Energy Recovery?
Velo3D is more profitable, with an operating margin of -53.5% against -87.5%.
More: Velo3D earnings · how Velo3D makes money · Energy Recovery earnings · how Energy Recovery makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.