VELO - Velo3D, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$23.33
DETAILS
HIGH:
$33.00
LOW:
$17.00
MEDIAN:
$20.00
CONSENSUS:
$23.33
UPSIDE:
100.95%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 46.0 | 41.0 | 77.4 | 78.7 | 27.4 | 19.0 | 15.2 |
| Cost of Revenue | 53.4 | 43.1 | 103.7 | 77.9 | 22.5 | 12.6 | 10.4 |
| Gross Profit | (7.4) | (2.1) | (26.3) | 0.8 | 5.0 | 6.4 | 4.8 |
| Operating Expenses | |||||||
| R&D Expenses | 10.7 | 15.5 | 42.0 | 46.3 | 27.0 | 14.2 | 14.6 |
| SG&A Expenses | 36.9 | 61.2 | 65.0 | 60.9 | 35.7 | 13.4 | 15.5 |
| Other Expenses | 0 | 0 | 0.5 | 0 | (0.1) | 0 | (0.2) |
| Operating Expenses | 47.5 | 76.7 | 107.0 | 107.2 | 62.7 | 27.6 | 29.9 |
| Operating Income | |||||||
| Operating Income | (54.9) | (78.8) | (133.3) | (106.3) | (57.8) | (21.2) | (25.3) |
| Interest Expense | 4.4 | 16.0 | 9.7 | 0.4 | 2.7 | 0.6 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 |
| Profitability | |||||||
| EBITDA | (66.9) | (49.0) | (116.1) | 13.6 | (102.2) | (20.0) | (24.2) |
| EBIT | (66.9) | (53.8) | (125.4) | 8.3 | (104.4) | (21.2) | (25.3) |
| Income Before Tax | (71.2) | (69.8) | (135.1) | 8.0 | (107.1) | (21.8) | (25.7) |
| Income Tax Expense | 0.1 | (0.0) | 0 | 0 | 0 | 0 | 0 |
| Net Income | (71.4) | (69.7) | (135.1) | 8.0 | (107.1) | (21.8) | (25.7) |
| Per Share Data | |||||||
| EPS (Basic) | -4.33 | -82.32 | -359.49 | 22.61 | -306.84 | -1.40 | -1.64 |
| EPS (Diluted) | -4.33 | -82.32 | -359.49 | 20.70 | -306.84 | -1.40 | -1.64 |
| Shares Outstanding | 16.5 | 0.8 | 0.4 | 0.4 | 0.3 | 15.6 | 15.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 39.0 | 1.2 | 24.5 | 32.0 | 207.6 | 15.5 | 9.8 |
| Short-Term Investments | 1.7 | 0 | 6.6 | 48.2 | 15.5 | 0 | 0 |
| Net Receivables | 8.3 | 4.2 | 22.2 | 14.6 | 13.1 | 4.3 | 2.5 |
| Inventory | 27.1 | 0 | 60.8 | 71.2 | 22.5 | 7.3 | 4.6 |
| Other Current Assets | (1.7) | 52.3 | 4 | 5.5 | 5.3 | 0.5 | 1.9 |
| Total Current Assets | 79.0 | 57.7 | 118.1 | 171.5 | 268.1 | 27.9 | 18.8 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 14.7 | 0 | 33.7 | 42.4 | 18.4 | 3.9 | 2.6 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0.6 | 3.3 | 0.8 | 5.9 | 0 | 0 | 0 |
| Other Non-Current Assets | 11.0 | 28.1 | 1.2 | 3.2 | 16.2 | 0.9 | 0.2 |
| Total Non-Current Assets | 26.4 | 31.5 | 35.7 | 51.5 | 34.6 | 4.8 | 2.9 |
| Total Assets | 105.3 | 89.2 | 153.8 | 223.1 | 302.7 | 32.7 | 21.6 |
| Current Liabilities | |||||||
| Account Payables | 10.3 | 18.5 | 15.9 | 12.2 | 9.9 | 1.2 | 1.7 |
| Short-Term Debt | 6.3 | 5.7 | 21.2 | 2.8 | 5.1 | 3.7 | 0.1 |
| Deferred Revenue | 11.5 | 10.3 | 5.1 | 15.2 | 22.3 | 4.7 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 10.4 |
| Total Current Liabilities | 33.8 | 38 | 48.7 | 46.1 | 46.7 | 12.1 | 12.3 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 24.7 | 0 | 11.9 | 5.4 | 3.0 | 4.3 | 8.1 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | (12.1) | 0 |
| Other Non-Current Liabilities | 1.6 | 3.0 | 14.7 | 20.6 | 133.5 | 123.8 | 0.2 |
| Total Non-Current Liabilities | 33.4 | 11.5 | 36.8 | 38.2 | 145.6 | 128.4 | 8.3 |
| Total Liabilities | 67.2 | 49.5 | 85.5 | 84.3 | 192.3 | 140.5 | 20.6 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (498.1) | (426.8) | (357.0) | (221.9) | (229.9) | (122.8) | (114.0) |
| Accumulated Other Comprehensive Income | 0 | 0 | (0.1) | (0.8) | (0.0) | (123.7) | 0 |
| Total Stockholders' Equity | 38.2 | 39.7 | 68.3 | 138.8 | 110.4 | (107.8) | 1.0 |
| Total Liabilities & Equity | 105.3 | 89.2 | 153.8 | 223.1 | 302.7 | 32.7 | 21.6 |
| Debt Metrics | |||||||
| Total Debt | 40.2 | 15.9 | 45.6 | 22.8 | 19.5 | 8.7 | 8.3 |
| Net Debt | 1.2 | 14.7 | 21.1 | (9.1) | (188.1) | (6.8) | (1.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (71.4) | (69.7) | (135.1) | 8.0 | (107.1) | (21.8) | (25.7) |
| Depreciation & Amortization | 3.4 | 4.8 | 9.3 | 5.3 | 3.0 | 1.2 | 1.1 |
| Stock-Based Compensation | 9.5 | 11.8 | 24.9 | 20.1 | 4.4 | 1.5 | 1.5 |
| Change in Working Capital | 7.0 | 21.6 | 1.2 | (44.2) | (3.2) | (7.3) | (1.0) |
| Other Non-Cash Items | 24.1 | (1.1) | (6.0) | (113.2) | 46.5 | (0.0) | 7.0 |
| Operating Cash Flow | (27.3) | (32.7) | (105.6) | (124.0) | (56.4) | (26.4) | (16.4) |
| Investing Activities | |||||||
| Capital Expenditure | (2.7) | (0.0) | (3.2) | (19.4) | (18.1) | (3.4) | (0.3) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | (3.7) | (87.7) | (15.5) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 6.7 | 45.8 | 54.0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 1.1 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (2.7) | 7.8 | 38.9 | (53.0) | (33.6) | (3.4) | (0.3) |
| Financing Activities | |||||||
| Net Debt Issuance | 22.1 | (11.2) | 19.6 | 0.1 | 4.2 | 7.4 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 25.6 | (1.3) | 0 | 0 | 123.7 | 0.1 | 18.9 |
| Financing Cash Flow | 67.8 | 1.5 | 59.3 | 1.3 | 282.9 | 35.6 | 18.9 |
| Cash Position | |||||||
| Net Change in Cash | 37.8 | (23.5) | (7.5) | (175.6) | 192.9 | 5.7 | 9.8 |
| Cash at Beginning | 1.8 | 25.3 | 32.8 | 208.4 | 15.5 | 9.8 | 0 |
| Cash at End | 39.6 | 1.8 | 25.3 | 32.8 | 208.4 | 15.5 | 9.8 |
| Free Cash Flow | (30.0) | (32.7) | (108.8) | (143.4) | (74.5) | (29.9) | (16.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 46.0 | 41.0 | 77.4 | 78.7 | 27.4 | 19.0 | 15.2 |
| Gross Profit | (7.4) | (2.1) | (26.3) | 0.8 | 5.0 | 6.4 | 4.8 |
| Operating Income | (54.9) | (78.8) | (133.3) | (106.3) | (57.8) | (21.2) | (25.3) |
| Net Income | (71.4) | (69.7) | (135.1) | 8.0 | (107.1) | (21.8) | (25.7) |
| EPS (Diluted) | -4.33 | -82.32 | -359.49 | 20.70 | -306.84 | -1.40 | -1.64 |
| Balance Sheet | |||||||
| Cash & Equivalents | 39.0 | 1.2 | 24.5 | 32.0 | 207.6 | 15.5 | 9.8 |
| Total Assets | 105.3 | 89.2 | 153.8 | 223.1 | 302.7 | 32.7 | 21.6 |
| Total Debt | 40.2 | 15.9 | 45.6 | 22.8 | 19.5 | 8.7 | 8.3 |
| Stockholders' Equity | 38.2 | 39.7 | 68.3 | 138.8 | 110.4 | (107.8) | 1.0 |
| Cash Flow | |||||||
| Operating Cash Flow | (27.3) | (32.7) | (105.6) | (124.0) | (56.4) | (26.4) | (16.4) |
| Capital Expenditure | (2.7) | (0.0) | (3.2) | (19.4) | (18.1) | (3.4) | (0.3) |
| Free Cash Flow | (30.0) | (32.7) | (108.8) | (143.4) | (74.5) | (29.9) | (16.8) |