VELO
Velo3D, Inc.

Velo3D, Inc.VELO

Technology · Computer Hardware
6.80USD
-8.97%
Oct 17, 2026
VELO overview ready
Enabling Domestic Defense Additive Manufacturing with Large-Format Metal 3D Printers
Velo3D is a U.S.-based metal additive-manufacturing enabler that sells integrated large-format laser-powder-bed-fusion printer systems, print-preparation and quality-control software, and increasingly manufactures qualified parts through its Rapid Production Solutions service business.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Defense Additive Manufacturing and Distributed Production Capacity — enabling supplier.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of daily advance.
The tactical setup reads daily advance, but the weekly structure is broken.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Solid fundamentals
Ev / sales is strong.
Primary risk
Continued operating losses and negative margins.
Market Oct 16Filing Jun 30Price action Aug 9

Conviction Level

Theme Heat, Business Quality have no canonical measurement for this company — research-profile dimensions, not inputs to this score.

NarrativeHeat—ThemeHeat—PriceAction1.4Valuation3.5CompanyPosition9.3BusinessQuality—
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of daily advance.
The tactical setup reads daily advance, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$218.6M
Avg Volume (60D)
1.3M
60 sessions
Revenue Growth YoY
+12.1%
FY2025 vs FY2024
Gross Margin
+0.5%
Trailing twelve months
Operating Margin
-86.5%
Trailing twelve months
Free Cash Flow Yield
-26.8%
P/E
N/M
EV / Sales
2.4x
Market metrics as of Oct 16, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; peers is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
Velo3D, Inc. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

Company Research

Thesis
Velo3D is a U.S.-based metal additive-manufacturing enabler that sells integrated large-format laser-powder-bed-fusion printer systems, print-preparation and quality-control software, and increasingly manufactures qualified parts through its Rapid Production Solutions service business.
Opportunity
High opportunity
Defense and aerospace procurement, sustainment, and production-rate expansion are increasing demand for qualified domestic additive-manufacturing systems, materials, digital workflows, and production services that shorten lead times for hard-to-source or complex components.
Key risk
Continued operating losses and negative margins.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Defense Additive Manufacturing and Distributed Production Capacity, with strong fit.
VELO is a strong adjacent fit to the active Defense Rearmament and Industrial Base narrative.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Technology · Computer Hardware
What they do

Velo3D designs, manufactures, and sells metal additive 3D printers and related software platforms that enable the production of complex metal components for aerospace and industrial applications.

How it earns

The company generates revenue primarily through the sale of 3D printers and software licenses.

Products & services
Sapphire series metal 3D printers
Flow design scanning software
Assure quality assurance software
Developer print preparation software
Customers & end markets
Aerospace manufacturers
Industrial metal component producers
Market position

Niche player specializing in metal additive manufacturing with proprietary hardware and software solutions.

Demand drivers
Medium cyclicality

Demand is linked to aerospace and industrial manufacturing cycles which can be sensitive to economic conditions.

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