Business
Velo3D Announces Fourth Quarter and Full-Year 2025 Financial Results; Unveils Long-Term Capacity Plan Envisioning up to Approximately 400 Production Systems
Full-year 2025 Revenue of $46 millionBacklog of $31 million as of December 31, 2025Expects 2026 revenue between $60 million and $70 millionExpects to turn
About this update from Velo3d, Inc.
[{"type":"text","content":"Full-year 2025 Revenue of $46 millionBacklog of $31 million as of December 31, 2025Expects 2026 revenue between $60 million and $70 millionExpects to turn EBITDA positive in the second half of 2026Announces demand-driven capacity plan envisioning up to approximately 400 production systems over the next decade, supported by potential asset-backed financing and expanding defense and aerospace program portfolioFREMONT, Calif., March 24, 2026 /PRNewswire/ -- Velo3D, Inc. (Nasdaq: VELO) (\"Velo3D\" or the \"Company\"), a leader in additive manufacturing (\"AM\") technology known for transforming aerospace and defense supply chains through world-class metal AM, today announced financial results for its fourth quarter and full year ended December 31, 2025. \n \n \n \n \n \n \n \nRecent Business DevelopmentsQualified as the first additive manufacturing vendor to support the U.S. Army's Ground Vehicle Systems Center qualification initiative, accelerating AM adoption for ground combat vehicle components.Entered a Cooperative Research & Development Agreement (CRADA) with U.S. Army DEVCOM Ground Vehicle Systems Center, advancing additive manufacturing solutions to address critical defense supply chain challenges.Secured a contract from the Department of War valued at $32.6 million to support Project FORGE, prototyping and qualifying AM components to eliminate defense manufacturing bottlenecks.Secured a multi‑year $11.5 million full rate production Rapid Production Solutions (\"RPS\") contract from a key U.S. defense prime contractor to supply essential components for a national security program.Enabled Intergalactic, a GE Aerospace company, to manufacture IN718 microtube heat exchanger headers for an accelerated aviation program timeline, going from design to printed parts in weeks using Velo3D's Rapid Production Solutions (RPS) offering and Sapphire XC platform.Raised $30 million through a private placement of common stock, led by institutional investors to support growth, capital expenditures and expanded RPS demand.Completed an aggregated $15 million debt to equity conversion, thereby reducing debt by ~60% and substantially deleveraging the Company's Consolidated Balance Sheet.\"We achieved double-digit revenue growth in 2025, reflecting strong demand for our Rapid Production Solutions,\" said Mr. Arun Jeldi, CEO of Velo3D. \"Importantly...