Velo3d, Inc. · NASDAQ:VELO
Velo3d — Q4 2025 Earnings Presentation
16 slides from Velo3d's earnings presentation, Mar 24, 2026
Slide 1: Fourth Quarter 2025 Supplementary Slides
Fourth Quarter 2025 Supplementary Slides March 24, 2026 1
Slide 2: Disclaimer: Forward Looking Statement
Disclaimer Forward Looking Statement This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The company’s actual results may differ from its expectations, estimates and projections and conseq
Slide 3: RPS (Rapid Production Solutions) is Sustaining Momentum
RPS (Rapid Production Solutions) is Sustaining Momentum Our refreshed go-to-market model has yielded proven results across the customer base, bolstered by significant emerging opportunities in Defense Repeat Customers Continue to Drive Increased Production Total Backlog* Rapid Defense Expansion Dema
Slide 4: Velo3D: Qualified as First Additive Manufacturing Vendor for U.S. Army Ground Vehicles
Velo3D: Qualified as First Additive Manufacturing Vendor for U.S. Army Ground Vehicles Rapid qualification enabling a direct TACOM supply chain pathway and strategic positioning for production and long-term sustainment demand Supports the U.S. Army's Ground Vehicle Systems Center's (GVSC) campaign o
Slide 5: Velo3D: Partners with U.S. Army for 3D Printing Solutions
Velo3D: Partners with U.S. Army for 3D Printing Solutions Accelerating production of critical ground vehicle parts with advanced 3D printing technology Cooperative Research & Development Agreement (CRADA) with the U.S. Army DEVCOM Ground Vehicle Systems Center (GVSC) to rapidly develop and qualify 3
Slide 6: Velo3D: Secures Contract with Total Value of $32.6 Million with Department of War
Velo3D: Secures Contract with Total Value of $32.6 Million with Department of War Using advanced 3D printing to accelerate production of critical weapon system components and eliminate manufacturing bottlenecks Awarded contract by the Department of War’s Defense Innovation Unit (DIU) under Project F
Slide 7: Velo3D: Secures $11.5 Million Full Rate Production RPS Contract
Velo3D: Secures $11.5 Million Full Rate Production RPS Contract from Key US Defense Prime Contractor Delivers essential system components for a sensitive national security program entering full-rate production Awarded contract by a key U.S. defense prime contractor supporting a high-profile national
Slide 8: Velo3D: RPS to Support Commercial Aviation Program
Velo3D: RPS to Support Commercial Aviation Program Rapid production of complex aviation components demonstrates Velo3D’s ability to accelerate testing timelines while enabling scalable, distributed additive manufacturing Intergalactic leveraged RPS to produce IN718 microtube heat exchanger headers f
Slide 9: Financial Overview
New Financial Overview Confidential & Proprietary | 9
Slide 10: Financial Summary
Financial Summary ($ in millions) Q4’25 Q4’24 2025 2024 Total Revenue $9.4 $12.6 $46.0 $41.0 3D Printer and Parts Sales 7.6 8.0 39.2 25.4 Support Service / License / Recurring Revenue 1.9 4.6 6.8 15.6 Cost of Goods sold 16.4 13.1 53.4 43.1 Gross Profit (6.9) (0.4) (7.4) (2.1) % Gross Margin (73.6)%
Slide 11: FY 2026 Guidance
2023 Outlook 2026 FY 2026 Guidance as of March 24, 2026 • Revenue in the range of $60 million to $70 million • Sequential improvement in gross margin o Greater than 30% gross margin in second half of 2026 • Non-GAAP adjusted operating expenses in the range of $45 million to $55 million • CapEx in th
Slide 12: Thank You!
Thank You!
Slide 13: Disclaimer: Non-GAAP Financial Information
Disclaimer Non-GAAP Financial Information The Company uses non-GAAP financial measures, such as Non-GAAP / Adjusted operating expenses, EBITDA, Adjusted EBITDA, Adjusted EBITDA excluding merger related transactional costs, loss on convertible note modification, and Non-GAAP net (loss), to help it ma
Slide 14: Non-GAAP Reconciliation - Non-GAAP Net Loss
Non-GAAP Reconciliation - Non-GAAP Net Loss (Unaudited) Three months ended Twelve months ended December 31, December 31, December 31, December 31, 2025 2024 2025 2024 ($ In thousands) Revenue $ 9,441 $ 12,626 $ 45,973 $ 41,003 Gross profit (loss) (6,946) (444) (7,404) (2,085) Net Loss $ (21,897) $ (
Slide 15: Non-GAAP Reconciliation - Adjusted EBITDA
Non-GAAP Reconciliation - Adjusted EBITDA (Unaudited) Three months ended Twelve months ended December 31, December 31, December 31, December 31, 2025 2024 2025 2024 ($ In thousands) Revenue $ 9,441 $ 12,626 $ 45,973 $ 41,003 Net Loss (21,897) (21,276) (71,362) (69,865) Interest expense 524 3,048 4,3
Slide 16: Non-GAAP Reconciliation - Non-GAAP Adjusted Operating Expenses
Non-GAAP Reconciliation - Non-GAAP Adjusted Operating Expenses (Unaudited) Three months ended Twelve months ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 ($ In thousands) Revenue $ 9,441 $ 12,626 $ 45,973 $ 41,003 Operating expenses Research and development 3,284 2,89