Velo3D, Inc.

Velo3D, Inc.

VELO·NASDAQ

$19.61

-11%
TechnologyComputer Hardware

Velo3D, Inc. produces and sells metal additive three dimensional printers in the Americas, Europe, and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other metal parts, which it sells or leases to customers for use in their businesses. It also offers Flow, a proprietary software platform, which scans part designs for geometrical features; and Sapphire, Sapphire 1MZ, Sapphire XC, and Sapphire XC 1MZ printers. In addition, the company provides Assure, a quality control software platform that includes process metrologies; Flow Developer, a new version of print preparation software that turns traditional design files into print files; and Intelligent Fusion, an underlying manufacturing process that unifies and manages the information flow, sensor data, and the advanced printing technology for precision control of the entire print. Further, it offers Rapid Production Solutions to build resilient supply chains for production parts in different industries; and provides support services. The company serves small- and medium-sized enterprises to Fortune 500 companies in the space, aviation, defense, automotive, energy, and industrial markets. Velo3D, Inc. was founded in 2014 and is headquartered in Fremont, California. Velo3D, Inc operates as a subsidiary of Arrayed Additive inc.

At a Glance

Live Snapshot
Market Cap$380.36M
EPS-4.3300
P/E Ratio-4.53
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -4.5).

Valuation inputs: P/E -4.5, earnings yield N/A, momentum -11.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -0.2%, ROIC -0.1%).

Profitability stack: net margin -1.6%, ROE -0.2%, ROIC -0.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +63.8%, momentum -11.4%, net margin -1.6%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

velo

Velo3D, Inc. Market vs Earnings Trajectory

VELO · NASDAQ

Loading price and EPS data...

Velo3D, Inc.

Velo3D, Inc. Fair Value Envelope

VELO · NASDAQ

Our analysis suggests that VELO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $19.61, this represents a potential HIDDEN relative to our calculated worth for Velo3D, Inc..

Intrinsic Value
Current Price: $19.61
3Y-119.0%
5Y-99.0%
10Y-99.0%
3Y-42.0%
5Y+142.0%
10Y+142.0%
3Y-995.0%
5Y+715.0%
10Y+715.0%
3Y+22196.0%
5Y+104407.0%
10Y+104407.0%
3Y+21070.0%
5Y+101500.0%
10Y+101500.0%
3Y+47128.0%
5Y+322154.0%
10Y+322154.0%
Velo3D, Inc.

Velo3D, Inc. Profit Bridge

VELO · NASDAQ
Revenue45.97M
Cost of Goods Sold (53.38M)
Gross Profit-7.40M
Operating Expenses (47.52M)
Operating Income-54.92M
Interest Expense (4.36M)
Other Income/Expense-16.32M
Pretax Income-71.25M
Income Tax (117.00K)
Net Income-71.36M
Net Income
-71.36M

Profitability Analysis

Gross Margin

-16.1%

Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.

Operating Margin

-119.5%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-155.2%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

-16.11%
Gross Profit Margin
217%
3Y-1604.0%
5Y-148.0%
10Y-148.0%
-119.46%
Operating Profit Margin
-41%
3Y-12.0%
5Y+7.0%
10Y+7.0%
-155.23%
Net Profit Margin
-13%
3Y-1633.0%
5Y+236.0%
10Y+236.0%
-0.19%
Return on Equity
-100%
3Y-103.0%
5Y-100.0%
10Y-100.0%
-0.07%
Return on Assets
-100%
3Y-102.0%
5Y-100.0%
10Y-100.0%
-0.07%
Return on Invested Capital
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
VELO

Velo3D, Inc. Cash Conversion Engine

VELO · NASDAQ
Net Income-71.36B
Depreciation & Amortization3.52B
Stock-Based Compensation9.51B
Change in Working Capital7.00M
Others30.69B
Capital Expenditures-2.71B
Free Cash Flow-30.35B

Cash Flow Quality Analysis

FCF Conversion Rate

42.5%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-9.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-92762.4%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$7.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

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Velo3D, Inc. Funding & Solvency Profile

VELO · NASDAQ
Cash & Cash Equivalents16.56B
Net Receivables6.73B
Inventory28.10B
Other Current Assets13.77B
Total Current Assets65 B
Property, Plant & Equipment17.44B
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets9.79B
Total Non-Current Assets27 B
Total Assets
92.40B

Financial Health Analysis

Current Ratio

2.45x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.79x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

39 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

71% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Velo3D, Inc. Street Expectations Map

VELO · NASDAQ

Wall Street analysts project that VELO stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 20.33, with estimates ranging from a low of 18.00 to a high of 25.00.

Lowest Target
18.00
-8.21%
Consensus Target
20.33
3.67%
Highest Target
25.00
27.49%

The consensus 1-year price target stands at 20.33, with estimates ranging from a low of 18.00 to a high of 25.00.

Analyst Consensus Analysis

Upside Potential

+3.7%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

34.4% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

3.35x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Velo3D, Inc. Insider Positioning

VELO · NASDAQ

During the last 12 months, insiders have purchased $81.97M and sold $167 worth of VELO shares, resulting in $81.97M of net buying activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

5.0M

81.90M

Sold

0

0.00

Net Activity

+81.9M

+$81.90M

6-9 Months

Bought

13.8K

43.33K

Sold

0

0.00

Net Activity

+43K

+$43K

9-12 Months

Bought

6.0K

22.44K

Sold

43

167.00

Net Activity

+22K

+$22K

Top Buyers

1
JA

Jeldi Arun

Director, 10 Percent Owner, Officer: Ceo

5.0M shares1 transactions

$81.90M

2
LJM

Lloyd Jason Michael

Director

10.2K shares3 transactions

$37K

3
KA

Keppler Adrian

Director

3.2K shares1 transactions

$10K

4
KS

Krause Stefan

Director

3.2K shares1 transactions

$10K

5
TKD

Thieneman Kenneth Dale

Director

3.2K shares1 transactions

$10K

Top Sellers

1
XHHJ

Xu Hull Hou Jun

Officer: Cfo

43 shares1 transactions

$167

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $81.97M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

490812.99:1

Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.

Insider Participation

High Buying

5 insider buyers vs. 1 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

No Dividend Yield Data

VELO has not reported any dividend yield values in the available annual periods.

 

velo Dividend History

VELO
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%