Substantial doubt about the company's ability to continue as a going concern.
“management concluded that substantial doubt continues to exist about our ability to continue as a going concern because we expect to require additional financing to fund operations during the twelve-month period following the issuance of the financial statements included in this Quarterly Report.”View the 10-Q filed Aug 11, 2026
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Velo3D posted revenue of $20.5 million, up 50%, bookings of $28.9 million and gross margin of 26.5%. Positive EBITDA and operating cash flow are now targeted for 2028, while 2026 capital expenditure guidance fell to $10 million to $20 million.
Velo3D reported revenue of $20.5 million, up 49.9%, and gross margin of 26.5% versus 3.2%, but net loss widened to $(16,692) thousand; backlog was $40 million, and Terence Wynn was appointed interim CFO after James Suva's separation.
Velo3D posted $20.5 million revenue, up 50% year-over-year, and $28.9 million in new bookings. It reaffirmed 2026 revenue guidance, reduced capital expenditures to $10 million to $20 million, and moved positive EBITDA and net cash from operations to 2028.
Velo3D expects preliminary unaudited third-quarter 2026 revenue of approximately $19.5 million to $20.5 million, up approximately 43% to 51% from $13.6 million in the third quarter of 2025. Final results are expected during the week of November 9, 2026.
Velo3D said its revenue guidance is unchanged, recent changes have had no customer impact, and the company is progressing exceptionally well toward year-end.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Revenue grew 50% to $20.5 million, bookings exceeded revenue, gross margin improved to 26.5%, Forge 1 and commercial and defense activity expanded, and full-year revenue guidance was reaffirmed. Cash increased, debt fell substantially, and substantial doubt about going concern was eliminated, but operating expenses and losses increased, operating cash burn continued, and the positive EBITDA and operating-cash-flow expectations moved to 2028.
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| Metric | Latest | Period | YoY |
|---|---|---|---|
| EBITDA non-GAAP | -16.11M | Six months ended June 30, 2026 | — |
| ending backlog | $31M | Q2 2026 | — |
| gross margin | 21.5% | the three months ended June 30, 2026 filing | — |
| new bookings | $29M | Q2 2026 | — |
| Non-GAAP Adjusted EBITDA non-GAAP | -11.69M | Six months ended June 30, 2026 | — |
| Non-GAAP Adjusted operating expenses non-GAAP | 21.2M | Six months ended June 30, 2026 | — |
| Non-GAAP Net Loss non-GAAP | -14.08M | Six months ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VELO
this stock
Velo3D, Inc.
|
$133.88M | -69.8% | +12.1% | — | 18.4% |
|
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$125.93B | +272.8% | +175.3% | 7.1 | 3.5% |
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Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Velo3D posted $20.5 million revenue, up 50% year-over-year, and $28.9 million in new bookings. It reaffirmed 2026 revenue guidance, reduced capital expenditures to $10 million to $20 million, and moved positive EBITDA and net cash from operations to 2028.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VELO | -25.6% | -38.9% | -83.5% | -36.7% | -69.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -28.2% | -37.8% | -84.0% | -36.6% | -80.4% |
