Earnings ·
Velo3D reports Q3 revenue of $20.5M, up 50% YoY; raises cash to $75.7M
VELOVelo3D, Inc.
Velo3D reported third-quarter revenue of $20.5 million, a 50% increase year-over-year, driven by higher sales volumes and improved pricing for its metal additive manufacturing systems. New bookings reached $28.9 million, exceeding quarterly revenue, while gross margin expanded significantly to 26.5% from 3.2% in the prior-year period due to operational efficiencies and favorable product mix. The company ended the quarter with $75.7 million in cash and cash equivalents, up from $39.0 million at year-end 2025, following proceeds from equity offerings and debt repayments that reduced outstanding debt by approximately 76%. Management reaffirmed full-year revenue guidance of $65 million to $75 million but revised gross margin expectations downward and lowered capital expenditure forecasts for 2026. Additionally, the timeline for achieving positive net cash from operations was pushed to 2028. Velo3D is a metal additive manufacturing technology company focused on aerospace and defense supply chains.