Velo3D Inc. Common stock (VELO)

FairStock Score: 21/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable economics, honest accounting, and a price below conservative intrinsic value. Velo3D makes metal additive printers and software for aerospace and industrial parts. But the numbers do not yet show a moat. Revenue fell from $77.4M in fiscal 2023 to $41.0M in fiscal 2024 and $46.0M in fiscal 2025. Losses have been persistent: net income was -$135.1M in fiscal 2023, -$69.7M in fiscal 2024, and -$71.4M in fiscal 2025. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $20.7M, up from $13.6M in fiscal Q2 2025, and net loss narrowed to $11.5M from $13.3M. That is progress, but the quarter still had a -55.70% net margin. FairStock's trailing free cash flow is -$58.7M, a -23.6% FCF yield. At the 2026-10-13 close of $7.73, FairStock's P/E is -3.48, P/B is 3.92, ROE is -61.39%, ROCE is -22.34%, Piotroski is 4/9, and Altman Z is -0.12. The FairStock score is 21/100. The Lynch category is TURNAROUND — loss in the latest year after earlier profits. A negative Altman score and cash burn are not a margin of safety. Beta of 2.59 adds volatility. I would need evidence of durable margins, positive free cash flow, and a real competitive advantage before calling the price fair. Today, this looks like a speculative turnaround, not a Graham-style bargain.

In plain English: Velo3D makes metal 3D printers and software for rocket, jet engine, and other metal parts. The business is not yet strong: it lost money in its latest reported quarter and has been losing money for years, even though sales improved recently. At the 2026-10-13 closing price of $7.73, the shares look expensive compared with the company's current losses and accounting value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer