Velo3D Announces Third Quarter 2026 Financial Results

(NASDAQ: VELO) Velo3D, Inc., a metal additive manufacturing technology company focused on aerospace and defense supply chains, reported financial results for its third quarter ended September 30, 2026. The company achieved revenue of $20.5 million for the quarter, representing a 50% year-over-year increase from $13.6 million in Q3 2025. New bookings for the quarter totaled $28.9 million, exceeding revenue, and backlog stood at $40.1 million as of September 30, 2026. Gross margin improved to 26.5% from 3.2% in the prior year period. 3D Printer and parts revenue was $18.8 million, up 57.0% from $12.0 million in Q3 2025, driven by increased system sales, higher average selling prices, a favorable product mix, and higher production volume. Operating expenses for the quarter were $22.7 million, compared to $10.4 million in Q3 2025. Non-GAAP adjusted operating expenses, excluding $5.7 million in stock-based compensation, were $17.0 million, up from $9.1 million in Q3 2025. GAAP net loss for the quarter was ($16.7) million, or ($0.52) per basic and diluted share, compared to ($11.2) million, or ($0.65) per share in Q3 2025. Non-GAAP net loss was ($10.8) million, or ($0.34) per share, compared to ($9.3) million, or ($0.54) per share in Q3 2025. Adjusted EBITDA for the quarter was ($9.8) million, compared to ($7.3) million in Q3 2025. Cash and cash equivalents as of September 30, 2026, were $75.7 million, up from $39.0 million at December 31, 2025, primarily due to $98.6 million in net cash provided by financing activities in the first nine months of 2026, offset by $52.2 million used in operating activities and $6.4 million used in investing activities. In April 2026, Velo3D completed a firm commitment underwritten registered direct offering of 3,571,428 shares of common stock, raising gross proceeds of approximately $50 million ($46.6 million net). The company also raised $59.4 million in gross proceeds ($57.4 million net) in Q2 2026 under its at-the-market offering program. Total outstanding debt decreased by approximately 76% to $7.4 million as of September 30, 2026, from $31.0 million at December 31, 2025, due to conversion of convertible secured notes, repayment of Secured Notes, and scheduled repayments under its equipment loan. Management concluded there is no longer substantial doubt about the company's ability to continue as a going concern for the twelve months following the issuance of its Q3 2026 financial statements. The company opened its new Livermore Production Campus, Forge 1, in July 2026, which has commenced phased operations and is expected to significantly expand manufacturing capacity as it becomes fully operational. Velo3D joined the Government-Industry Data Exchange Program (GIDEP) to strengthen quality and supply-chain risk management for defense manufacturing. The partnership with Mears Machine Corporation expanded as Mears ordered its sixth Sapphire® XC system, dedicated to copper-nickel additive manufacturing. Vic Fryzel was appointed Executive Vice President, Technology, and Robert Purnell as Senior Director, Operations. The company reaffirmed its 2026 revenue guidance of $65 million to $75 million, expects sequential improvement in gross margin in Q4 2026, revised its gross margin guidance (no longer expecting >30% in H2 2026), set non-GAAP adjusted operating expense guidance at $45 million to $55 million, and reduced capital expenditures guidance to $10 million to $20 million (from $40 million to $50 million), with a substantial portion shifting into 2027. Positive net cash from operations and positive EBITDA are now expected in 2028, compared to the prior expectation of positive EBITDA in H2 2026. During Q3 2026, the company revised prior financial statements to correct errors related to excess and obsolete inventory reserve, reducing previously reported net loss for the six months ended June 30, 2026, by approximately $1.6 million.

Velo3D Opens Livermore Production Campus, Forge 1, One of North America's Largest Metal Additive Manufacturing Facilities

(NASDAQ: VELO) Velo3D, Inc. last week officially opened its Livermore Production Campus, Forge 1, one of North America's largest metal additive manufacturing facilities. The campus is nearly 289,000-square-feet in size. The opening responds to growing demand for America's advanced manufacturing capabilities. The facility expands Velo3D's ability to help customers move mission-critical programs from qualification into production. A ribbon cutting ceremony marked the opening of Forge 1. Leadership and partners united to celebrate the expansion. The campus is located in Livermore, Calif.

Velo3D Added to Membership of Russell 3000 Index and Russell Microcap Index

(NASDAQ: VELO) Velo3D, Inc. announced that it has been added as a member of the broad-market Russell 3000® Index and the Russell Microcap® Index, effective when the US market opens on June 29, as part of the first 2026 Russell indexes reconstitution. The June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000® Index remains in place until the next semi-annual reconstitution in December 2026. According to data as of the end of May 2026, about $12.2 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. The company describes itself as a leader in additive manufacturing technology known for transforming aerospace and defense supply chains through world-class metal AM. The company projects future plans and momentum as stated in its forward-looking statements.

Velo3D Announces First Quarter 2026 Financial Results

Velo3D, Inc. (NASDAQ:VELO) reported first quarter 2026 revenue of $13.8 million, representing a 48% year-over-year increase. The company achieved a gross margin of 17.2% and reduced its GAAP net loss to $7.0 million from $25.0 million in the prior year period. Velo3D closed a $50 million equity offering in April 2026 and completed debt-to-equity conversions totaling $15 million, reducing outstanding debt by approximately 70% to $9 million. The company reaffirmed its 2026 revenue outlook of $60 million to $70 million and expects to turn EBITDA positive in the second half of 2026. These results and actions are significant for investors as they indicate improving financial performance, strengthened capital position, and a clear path toward profitability.

VELO3D and ANDRETTI PERFORMANCE PARTNER FOR 2026 IMSA MICHELIN PILOT CHALLENGE

Velo3D, Inc. announced a partnership with Andretti Performance. The announcement highlights the real-world performance advantages of advanced metal additive manufacturing. The partnership is positioned as significant for demonstrating the capabilities of Velo3D, Inc.'s technology. The announcement was made on April 21, 2026. The location mentioned is FREMONT, Calif.