Is Velo3D going out of business?

Velo3D, Inc. (VELO) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

Velo3D, Inc. (VELO) scores 15 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 98.57% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Fragile

10-14 mo of estimated runway from 2026-06-30, based on $91.1M of cash and short-term investments against $93.0M of annual burn. A disclosed filing event caps this reading; Event Risk carries the detail.

Business quality - Poor

-86.5% operating margin and -161.5% FCF margin produce a poor Business Quality assessment.

Trajectory - Improving

Revenue improved 31.5%; operating margin improved 56.0pp; FCF margin weakened 23.4pp. A Q4 estimate uses filing bases that conflict.

Valuation - Extreme expectations

-9.6% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 3 scanned filings. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Shares dilution YoY: 98.57% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• Debt / Equity: -0.41x (Net Cash)
• ROE quality: -35.21%
• ROIC: -71.65%
• Filing event risk: Going-Concern Warning (-8 pts)
• FCF margin: -161.48%
• Revenue CAGR (3Y): -16.41%
• R&D intensity: 16.93%
• Revenue growth YoY: 52.25% (Industrial YoY) - Growth from a low base; sustainability uncertain.
• Return on Assets: -25.78%
• Asset Growth Velocity: 154.78% YoY (Aggressive buildout)
• Debt Maturity Runway: 100% long-term (Long-term focused)

Read from filings through 2026-08-11.

Price as of 2026-09-11.