VELO - Velo3D, Inc.

📈 Is growth accelerating? 7 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Revenue Growth YoY (%)	48.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+865%)	-25.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-605%)	65.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1208%)	31.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+524%)	-4.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-195%)	414.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+8186%)	-65.4% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1407%)	-58.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1277%)	-63.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1367%)	-91.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1923%)	24.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+391%)	27.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+459%)	118.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2268%)	166.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3227%)	119.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2289%)	174.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3398%)	942.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+18750%)	54.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+988%)	283.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+5565%)	—	—	—	—	—	—
EPS Growth YoY (%)	-115.4% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	72.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-4800.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-18.2% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	-2644.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	83.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	42.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	78.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	47.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-96.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	87.8% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	57.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	517.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-663.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—
Net Income Growth YoY (%)	72.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-12.3% Weak ↑ Weak Improving Year-over-year change in net income	48.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-7897.7% Weak ↓ Weak Declining Year-over-year change in net income	10.3% Fair ↓ Fair Declining Year-over-year change in net income	67.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-31.4% Weak ↓ Weak Declining Year-over-year change in net income	99.3% Excellent ↑ Excellent Improving Year-over-year change in net income	22.1% Good Good Year-over-year change in net income	N/M	76.9% Excellent Excellent Year-over-year change in net income	N/M	44.4% Excellent Excellent Year-over-year change in net income	N/M	-12.9% Weak ↑ Weak Improving Year-over-year change in net income	N/M	-382.3% Weak ↑ Weak Improving Year-over-year change in net income	-242.2% Weak Weak Year-over-year change in net income	-836.8% Weak Weak Year-over-year change in net income	—	—	—	—	—	—
FCF Growth YoY (%)	-1130.5% Weak Weak Year-over-year change in free cash flow	—	—	—	22.1% Good Good Year-over-year change in free cash flow	—	—	—	52.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—	11.5% Fair ↓ Fair Declining Year-over-year change in free cash flow	—	85.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	65.1% Excellent Excellent Year-over-year change in free cash flow	-8.0% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-19.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-30.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-10.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-11.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-8.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	-1.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	13.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	102.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-28.6% Weak Weak Compound annual revenue growth over 3 years	118.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	63.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	7.0% Fair Fair Compound annual revenue growth over 5 years	43.1% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	—	39.2% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Operating Margin (%) (%)	-50.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-519%)	-214.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1890%)	-77.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-749%)	-89.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-842%)	-127.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1166%)	-142.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1285%)	-227.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1994%)	-198.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1753%)	-219.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1927%)	—	-105.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-983%)	-102.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-952%)	-90.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-857%)	-86.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-820%)	-146.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1319%)	-133.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1213%)	-230.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2022%)	-183.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1627%)	-172.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1537%)	-164.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1473%)	—	-56.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-571%)	-308.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2674%)	—	—
Effective Tax Rate (%) (%)	-0.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—
Profit Margin (%) (%)	-50.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-733%)	-215.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2797%)	-86.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1184%)	-101.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1367%)	-272.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3508%)	-143.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1895%)	-277.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3565%)	-1.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-121%)	-289.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3717%)	—	-73.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1013%)	-92.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1254%)	-136.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1801%)	74.1% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+827%)	-393.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-5017%)	—	—	-138.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1832%)	—	-175.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2293%)	—	-62.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-882%)	-312.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-4008%)	—	—
FCF Margin (%) (%)	-136.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-88.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-46.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-22.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-132.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-17.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-209.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	-117.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-120.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-141.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-219.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-279.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-319.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-220.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-152.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-235.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-99.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	2.70x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.41x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	0.54x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.22x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.49x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.12x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	0.73x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.44x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	0.86x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-1.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.34x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.52x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.30x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.29x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.20x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.60x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Return on Invested Capital (%)	-11.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-33.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-20.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-27.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-21.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-45.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-28.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-23.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-24.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-84.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-13.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-19.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-20.2% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-21.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-24.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-14.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-56.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-17.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-12.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	8.9% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	3.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	6.8% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-7.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-21.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-11.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-15.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-13.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-20.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-16.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-17.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-15.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-37.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-11.0% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-12.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	-9.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	-9.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	-6.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	-11.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—
Return on Common Equity (%) (%)	-13.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-191%)	-68.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-554%)	-39.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-361%)	-63.9% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-526%)	-77.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-615%)	-45.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-405%)	-65.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-539%)	-0.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-102%)	-62.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-515%)	-82.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-648%)	-16.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-213%)	-21.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-240%)	-30.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-302%)	18.6% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+24%)	-66.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-544%)	70.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+367%)	-131.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-978%)	-13.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-187%)	-54.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-463%)	9.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	11.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	3.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-74%)	6.8% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-54%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Debt to Equity (x)	0.18x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-75%)	1.04x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+48%)	0.76x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+9%)	1.83x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+161%)	0.66x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-6%)	—	0.93x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+33%)	0.64x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-8%)	0.97x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+38%)	—	0.78x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+12%)	0.20x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	-18.38x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-73.75x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-106.30x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-22.06x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-11.14x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-8974.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.71x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-3.76x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-5.50x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-9.35x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-22.78x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-74.73x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-110.23x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2394.50x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-216.69x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-285.23x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-199.81x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-17.19x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-15.23x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-22.46x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-99.12x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-8.69x Weak Weak Operating income divided by interest expense Optimal: > 5x	-146.29x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-7.39M	$-8.00M	$11.17M	$38.53M	$17.79M	$-1.21M	$30.61M	$31.04M	$36.25M	$-24.49M	$22.37M	$-6.38M	$-37.14M	$-40.35M	$-40.35M	$-43.51M	$-104.43M	$-207.60M	$-296.83M	$-13.15M	$-15.88M	$-15.52M	—	—	—
Debt / EBITDA (x)	-1.48x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.60x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.32x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-3.49x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.97x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-1.83x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.74x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.61x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-3.39x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.92x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Revenue per Share (USD)	$0.55	—	$0.80	$0.97	$0.05	—	$0.89	$1.22	$0.04	—	$0.12	$0.13	$0.14	—	$0.10	$0.11	$0.07	—	$0.44	$0.44	$0.07	—	$0.14	—	—
Basic EPS, GAAP (USD)	$-0.28	$-0.90	$-0.69	$-0.98	$-0.13	$9.50	$-2.47	$-0.02	$-0.11	$-10.01	$-0.09	$-0.12	$-0.19	$0.11	$-0.41	$0.69	$-0.36	$3.52	$-3.36	$-0.78	$-0.85	$0.57	$-0.44	—	—
Free Cash Flow per Share (USD)	$-0.76	—	$-0.37	$-0.21	$-0.06	—	—	—	$-0.08	—	—	—	$-0.16	—	$-0.15	$-0.23	$-0.19	—	$-0.97	$-0.67	$-0.17	—	—	—	—
Book Value per Share (USD)	$1.97	$1.22	$1.44	$1.53	$0.16	$3.05	$3.60	$6.05	$0.17	$9.26	$0.51	$0.56	$0.63	$0.59	$0.61	$0.99	$0.27	$0.60	$0.67	$-8.20	$-7.55	$-6.74	$-6.49	—	—
Tangible Book Value per Share (USD)	$1.97	$1.22	$1.44	$1.53	$0.16	$3.05	$3.60	$6.05	$0.17	$9.26	$0.51	$0.56	$0.63	$0.59	$0.61	$0.99	$0.27	$0.60	$0.67	$-8.20	$-7.55	$-6.74	$-6.49	—	—
Basic Weighted Avg Shares (shares)	25.02M	—	17.12M	14.04M	200.97M	—	9.24M	8.48M	260.29M	—	197.83M	193.92M	189.61M	—	185.56M	184.28M	183.50M	—	19.79M	16.15M	16.02M	—	15.99M	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Working Capital (USD)	$38.55M	$46.32M	$21.60M	$6.16M	$17.88M	$19.72M	$16.39M	$33.62M	$37.49M	$64.35M	$84.83M	$122.06M	—	$146.17M	—	—	$193.81M	$221.41M	—	—	—	$15.77M	—	—	—
LT Debt (USD)	$9.17M	$31.02M	$23.02M	$22.48M	$21.66M	—	$32.25M	$33.50M	$44.00M	—	$80.50M	$22.49M	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$51.54M	$29.91M	$30.16M	$21.54M	$32.88M	$39.66M	$34.69M	$52.12M	$45.45M	$68.34M	$102.95M	$110.59M	$119.76M	$110.80M	$112.87M	$182.58M	$49.60M	$110.42M	$122.17M	$-132.41M	$-120.95M	$-107.82M	$-103.84M	$-97.22M	$-100.82M

📋 What is driving earnings? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Sales/Revenue/Turnover (USD)	$13.82M	$9.44M	$13.64M	$13.57M	$9.32M	$12.63M	$8.25M	$10.34M	$9.79M	$2.46M	$23.81M	$25.13M	$26.69M	$27.73M	$19.11M	$19.64M	$12.22M	$10.41M	$8.71M	$7.15M	$1.17M	$6.74M	$2.27M	—	—
Depreciation Expense (USD)	$762.00K	$887.00K	$700.00K	$800.00K	$942.00K	$834.00K	$1.10M	$1.31M	$4.57M	$2.88M	$1.50M	$1.20M	$1.56M	$1.96M	$1.22M	$1.09M	$1.02M	$1.73M	$584.00K	$329.00K	$363.00K	$389.00K	$400.00K	—	—
Net Income, GAAP (USD)	$-7.00M	$-20.37M	$-11.82M	$-13.76M	$-25.41M	$-18.13M	$-22.86M	$-172.00K	$-28.31M	$-56.15M	$-17.40M	$-23.20M	$-36.33M	$20.56M	$-75.19M	$127.95M	$-65.34M	$-14.43M	$-66.58M	$-12.54M	$-13.55M	$-4.22M	$-7.11M	—	—
Operating Cash Flow (USD)	$-17.98M	$-7.74M	$-6.03M	$-1.22M	$-12.35M	$-2.21M	—	—	$-20.52M	$-24.53M	—	—	$-30.83M	$-31.81M	$-23.36M	$-38.69M	$-30.11M	$-25.14M	$-18.24M	$-10.38M	$-2.64M	$-6.55M	—	—	—

Velo3D, Inc.

Analytical Summary

25-Year Financial Trajectory

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