Velo3D, Inc.

Snapshot

Velo3D is a small-cap manufacturer of metal 3D printers that is currently in a severe financial bind. The company generated $46.0 million in revenue for FY 2025, a 12.1% increase from the prior year, but it lost $71.4 million in net income. The business is burning cash rapidly, with free cash flow of -$30.0 million for the fiscal year. As of the most recent quarter, the company held only $16.6 million in cash against $40.2 million in total debt, resulting in a cash runway of just 5.9 months at current burn rates.

What's Happening Right Now

• Tue 9th Jun '26 · Partnership: Velo3D announced a strategic partnership with Aurelia Technologies to advance additive manufacturing for next-generation gas turbine systems.
• Fri 15th May '26 · Dilution Risk: Velo3D filed a prospectus supplement establishing an at-the-market equity offering facility with a capacity of up to $100 million, allowing it to sell shares opportunistically at prevailing market prices.
• Thu 14th May '26 · Going Concern: Velo3D reported Q1 2026 results and explicitly stated that substantial doubt exists regarding its ability to continue as a going concern, citing insufficient liquidity for the next 12 months without additional financing.
• Tue 28th Apr '26 · Capital Raise: The company closed a $50 million registered direct offering of common stock in late April 2026 to raise cash for working capital and general corporate purposes.
• Mon 30th Mar '26 · Contract Win: Velo3D was awarded a $9.8 million, five-year contract with the Defense Logistics Agency to supply additively manufactured components for military sustainment operations.