Velo3D Reports 31.2% Revenue Growth to $13.6 Million in Q2 2025

Velo3D, Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $13.6 million, a 31.2% increase from $10.3 million in the same period last year. The growth was primarily driven by a significant rise in 3D printer sales, which reached $12.1 million, up from $8.7 million in the prior year. However, the company experienced a gross loss of $1.6 million, an improvement from a gross loss of $2.9 million in the previous year, indicating a reduction in the cost of revenue as a percentage of total revenue from 128.0% to 111.7%.

In terms of operational metrics, Velo3D's total operating expenses decreased by 40.4% to $10.5 million, down from $17.6 million in the prior year. This reduction was attributed to lower research and development, selling, and marketing expenses, reflecting the company's strategic focus on cost management. The net loss for the quarter was $13.8 million, compared to a net loss of $172,000 in the same quarter of 2024, largely due to a lack of gains from the fair value of warrants, which had significantly contributed to the previous year's results.

The company also reported a notable change in its financial position, with cash and cash equivalents decreasing to $854,000 from $1.2 million at the end of the previous fiscal year. Accounts receivable increased to $5.4 million, up from $3.7 million, while inventories decreased to $38.4 million from $49.9 million. Velo3D's total liabilities rose to $57 million, compared to $49.5 million at the end of 2024, primarily due to an increase in current debt obligations.

Strategically, Velo3D has been focusing on enhancing its product offerings and expanding its market presence. The company entered into a Master Service Agreement with Momentus, Inc., which will allow Velo3D to provide consulting and parts production services over a five-year period. This agreement is expected to leverage Velo3D's advanced manufacturing capabilities and further solidify its position in the additive manufacturing market.

Looking ahead, Velo3D's management expressed concerns regarding the company's liquidity, indicating substantial doubt about its ability to continue as a going concern without additional financing. The company plans to engage in further capital-raising efforts to meet its operational needs and satisfy its debt obligations. As of June 30, 2025, Velo3D's accumulated deficit stood at $469.5 million, underscoring the challenges it faces in achieving sustainable profitability.