# Velo3D Inc. (VELO) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Diversified Financial Services. Price $11.61, market value $373 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Velo3D Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 6.5×**. Each dollar of revenue is priced at 6.5×.
- **Price / book: 5.9×**. The shares trade at 5.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -15.7%** (5-yr avg -106.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 0.5%**. Velo3D Inc. keeps 0.5% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -85.7%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -155.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -187.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -129.2%**. Return on all capital, debt included, is -129.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -48.5%**. Each dollar of assets produces -48.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 12.1%** (3-yr -16.4%/yr, 5-yr 19.4%/yr). Revenue grew 12.1% over the last year, against 19.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 94.7%**. Earnings per share rose 94.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $39 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Velo3D Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 218.1%** (YTD -15.5%, 3-mo -26.8%). The shares are up 218.1% over twelve months including dividends.
- **From 52-week high: -63.4%** (304.5% above the low). Trading 63% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 4.68** (volatility 186%). Beta of 4.68 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=VELO · Page: https://foliofundamentals.com/stocks/velo

Not investment advice.