Velo3D Inc ( VELO ) reported fourth-quarter financial results after the market close on Tuesday. Here’s a look at the key details from the print.

Velo3D ( VELO ) stock is charging ahead with explosive momentum. Why are VELO shares rallying?

Velo3D Beats Estimates In Q4

Velo3D ( VELO ) reported fourth-quarter revenue of $9.44 million, beating analyst estimates of $8.68 million, according to Benzinga Pro. The additive manufacturing company reported a fourth-quarter adjusted loss of 54 cents per share, beating analyst estimates for a loss of 56 cents per share.

3D Printer and parts revenue decreased 5% year-over-year, driven by product mix and the number of systems sold. System sales are expected to remain the primary driver of revenue in 2026 with the company’s Rapid Production Solutions parts production business contributing an increasing share of revenue. 

The company’s backlog grew to $31 million as of Dec. 31, 2025. Velo3D ( VELO ) ended the period with $39 in total cash and cash equivalents. The company noted that it completed an aggregated $15 million debt to equity conversion in the quarter, reducing debt by approximately 60%.

“We set a new record for bookings in the fourth quarter, and with a robust backlog, we entered 2026 with tremendous momentum,” said Arun Jeldi, CEO of Velo3D ( VELO ).

“Based on current demand trajectories and our expanding program portfolio, we have developed a long-term capacity plan envisioning up to approximately 400 production systems, ramping over the next decade, subject to securing additional financing and continued program growth.”

Velo3D ( VELO ) expects full-year 2026 revenue to be in the range of $60 million to $70 million versus estimates of $62.70 million. The company said it expects to be EBITDA positive in the second half of 2026.

Velo3D ( VELO ) executives will further discuss the quarter on an earnings call scheduled for 5 p.m. ET.

VELO Shares Stall In Extended Trading

VELO Price Action: Velo3D ( VELO ) shares were down 0.22% in after-hours, trading at $13.49 at the time of publication on Tuesday, per Benzinga Pro.

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