Revenue: As of FY2025 Q2, the actual value is USD 13.57 M.

EPS: As of FY2025 Q2, the actual value is USD -0.98.

EBIT: As of FY2025 Q2, the actual value is USD -11.31 M.

Segment Revenue

• Total Revenue: $13.6 million for the second quarter of 2025, an increase from $10.3 million in the second quarter of 2024.
• 3D Printer Revenue: $12.1 million in Q2 2025, up from $8.7 million in Q2 2024.
• Support Services Revenue: $1.4 million in Q2 2025, slightly down from $1.4 million in Q2 2024.

Operational Metrics

• GAAP Gross Margin: Improved to -11.7% in Q2 2025 from -28.0% in Q2 2024.
• GAAP Net Loss: -$13.8 million in Q2 2025, compared to -$0.2 million in Q2 2024.
• Non-GAAP Net Loss: -$11.3 million in Q2 2025, compared to -$21.7 million in Q2 2024.
• Operating Expenses: $10.5 million in Q2 2025, down from $17.6 million in Q2 2024.

Cash Flow

• Cash and Cash Equivalents: $854,000 as of June 30, 2025, down from $1.2 million as of December 31, 2024.
• Net Cash Used in Operating Activities: -$13.6 million for the six months ended June 30, 2025.

Unique Metrics

• Backlog: $15.9 million as of June 30, 2025, increasing to $17.8 million by July 25, 2025.

Outlook / Guidance

• Velo3D reaffirms its expectation for 2025 annual revenue growth of more than 30% and to be EBITDA positive in the first half of 2026.
• The company anticipates revenue in the range of $50 million to $60 million for the full year 2025, with a gross margin greater than 30% in the fourth quarter of 2025.