Key Takeaways
- Velo3D reported a full-year revenue of $46 million in 2025, up from $41 million in 2024
- The company has a backlog of $31 million, indicating strong demand heading into 2026
- Velo3D is shifting its focus from selling machines to producing parts at scale, driven by growing demand from defense and aerospace customers
- The company posted a full-year net loss of $71.4 million, despite growth in revenue
Introduction to Velo3D's Financial Performance
Velo3D, a leading 3D printing company, has reported significant growth in demand from defense and aerospace customers. This growth has led the company to shift its focus from selling machines to producing parts at scale. With new contracts, stronger partnerships, and a clearer long-term plan, Velo3D is working to stabilize its finances and improve margins.
Financial Performance
In 2025, Velo3D reported a full-year revenue of $46 million, up 12% from $41 million in 2024. The company's revenue for the fourth quarter was $9.4 million, down 25% from $12.6 million in the same period the year before. Despite this decline, Velo3D's CEO, Arun Jeldi, expressed confidence in the company's growth prospects, citing record bookings and a strong backlog of $31 million.
Comparison of Velo3D's Financial Performance
| Year | Revenue | Net Loss | Gross Margin |
|---|---|---|---|
| 2024 | $41 million | $69.9 million | Negative |
| 2025 | $46 million | $71.4 million | Negative |
Challenges and Opportunities
Despite growth in revenue, Velo3D faces significant challenges in achieving profitability. The company posted a full-year net loss of $71.4 million, larger than the $69.9 million loss in 2024. Gross margins were negative for both the quarter and the year, due to a $7 million inventory write-down and production delays during a government shutdown. However, Velo3D's strong backlog and growing demand from defense and aerospace customers provide opportunities for future growth and profitability.
Bottom Line
Velo3D's financial performance in 2025 reflects the company's growing demand from defense and aerospace customers and its shift towards producing parts at scale. While the company faces significant challenges in achieving profitability, its strong backlog and growing revenue provide opportunities for future growth. With a focus on stabilizing its finances and improving margins, Velo3D is well-positioned to capitalize on the growing demand for 3D printing technology in the defense and aerospace industries.