VELO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $11.20
Market Cap (MRQ) $360M
P/E (TTM) -2.9
EPS (TTM) $-3.85
Revenue (TTM) $58M
ROE (TTM) -59.6%
52W Range $4–$32

VELO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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Stock splits 2
Ex-date Split Type
July 28, 2025 1-for-15 Reverse
June 13, 2024 1-for-35 Reverse

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$46M
2022-12-31 → 2025-12-31
EPS$-4.33
2022-12-31 → 2025-12-31
Free Cash Flow$-30M
2022-12-31 → 2025-12-31
Net margin-87.0%
2022-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend VELO 5Y avg Peer Median Verdict
P/E (TTM) -2.9 · · ·
P/S (TTM) 6.3 · 3.3 Overvalued
P/B (MRQ) 2.5 · 3.9 Fair value
Price / FCF (TTM) -6.1 · · ·
Price / Cash Flow (TTM) -6.8 · · ·
Price / Tangible Book 0.0 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

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Avg Surprise -50.2%
Next Report Nov 09, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 4, 2026 $-0.30 $-0.31 3.3%
March 31, 2026 May 12, 2026 $-0.28 $-0.44 36.2%
Dec. 31, 2025 $-1.03 $-0.58 -78.7%
Sept. 30, 2025 $-0.54 $-0.53 -1.8%
March 31, 2025 $-0.04 $-0.04 2.0%
March 31, 2024 $-0.08 $-0.05 -56.9%
Dec. 31, 2023 $-0.29 $-0.08 -255.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 17
Metric Trend 202520242023202220212020
Revenue $46M$41M$77M$79M$27M$19M
Cost of Revenue $53M$43M$104M$78M$22M$13M
Gross Profit $-7M$-2M$-26M$843.0K$5M$6M
R&D Expense $11M$15M$42M$46M$27M$14M
SG&A Expense $30M$48M$42M$37M$23M$6M
Operating Expenses $48M$77M$107M$107M$63M$28M
Operating Income $-55M$-79M$-133M$-106M$-58M$-21M
Interest Expense ·$16M$10M$372.0K$3M$639.0K
Other Non-op $526.0K$-4M$506.0K$1M$-88.0K$35.0K
Pretax Income $-71M$-70M$-135M$8M$-107M$-22M
Income Tax $117.0K$-20.0K$0$0$0$0
Net Income $-71M$-70M$-135M$8M$-107M$-22M
EPS (Basic) $-4.33$-82.32$-23.97$0.04$-1.82$-0.56
EPS (Diluted) $-4.33$-82.32$-23.97$0.04$-1.82$-0.56
Shares (Basic) 16,486,845847,2655,638,821185,079,10158,688,49615,629,179
Shares (Diluted) 16,486,845847,2655,638,821202,174,90358,688,49615,629,179
EBITDA $-52M$-77M$-124M$-99M$-56M·
Balance Sheet 26
Metric Trend 202520242023202220212020
Cash & Equivalents $39M$1M$24M$32M$208M$16M
Short-term Investments ··$7M$48M$15M$0
Receivables $6M$4M$10M$9M$13M$1M
Inventory $27M$50M$61M$71M$22M$7M
Prepaid Expense $6M$2M$4M$6M$9M$807.0K
Current Assets $80M$58M$113M$172M$268M$28M
PP&E (Net) $13M$14M$16M$20M$10M$1M
PP&E (Gross) $26M$27M$25M$26M$13M$3M
Accum. Depreciation $13M$13M$9M$6M$3M$2M
Other Non-current Assets $11M$14M$18M$23M$16M$932.0K
Total Assets $105M$89M$154M$223M$303M$33M
Accounts Payable $10M$19M$16M$12M$10M$1M
Accrued Liabilities $2M$1M$2M$9M$3M$787.0K
Short-term Debt ·$6M····
Current Liabilities $34M$38M$49M$46M$47M$12M
Capital Leases $7M$8M$10M$12M$9M$232.0K
Other Non-current Liabilities $1M$863.0K$1M$428.0K$308.0K$-48.0K
Total Liabilities $67M$50M$85M$84M$192M$17M
Long-term Debt $31M$6M$44M$8M··
Common Stock $5.0K$4.0K$2.0K$2.0K$2.0K$1.0K
Paid-in Capital $536M$466M$425M$362M$340M$15M
Retained Earnings $-498M$-427M$-357M$-222M$-230M$-123M
AOCI $0$0$-96.0K$-837.0K$-14.0K$0
Stockholders' Equity $38M$40M$68M$139M$110M$-108M
Liabilities + Equity $105M$89M$154M$223M$303M$33M
Shares Outstanding 24,607,63012,993,9627,383,390187,561,368183,232,49416,003,558
Cash Flow 11
Metric Trend 202520242023202220212020
D&A $3M$5M$9M$5M$3M$1M
Stock-based Comp $10M$12M$25M$20M$4M$1M
Deferred Tax $0$0····
Other Non-cash $31M$20M$-5M$-159M$44M·
Operating Cash Flow $-27M$-33M$-106M$-124M$-56M$-26M
CapEx $3M$9.0K$1M$14M$10M$401.0K
Investing Cash Flow $-3M$8M$39M$-53M$-34M$-3M
Financing Cash Flow $68M$1M$59M$1M$283M$36M
Net Change in Cash $38M$-23M$-7M$-176M$193M$6M
Free Cash Flow $-30M$-33M$-107M$-138M$-66M·
Levered FCF ·$-49M$-116M$-138M$-69M·
Profitability 8
Metric Trend 202520242023202220212020
Gross Margin -16.1%-5.1%-33.9%3.6%18.1%·
Operating Margin -119.5%-200.8%-172.1%-129.1%-210.5%·
Net Margin -155.2%-178.8%-174.5%12.4%-390.3%·
Pretax Margin -155.0%-178.8%-174.5%12.4%-390.3%·
EBITDA Margin -112.1%-188.8%-160.1%-122.5%-202.6%·
ROA -71.7%-60.3%-70.9%4.2%-63.9%·
ROE -209.7%-197.9%-161.8%8.0%-92.1%·
ROIC -144.2%-207.5%-195.0%-74.0%-52.3%·
Liquidity & Solvency 3
Metric Trend 202520242023202220212020
Current Ratio 2.41.52.43.85.73.4
Quick Ratio 1.30.10.81.95.12.4
Interest Coverage ·-5.2-13.7-280.3-21.1·
Efficiency 3
Metric Trend 202520242023202220212020
Asset Turnover 0.50.30.40.30.2·
Inventory Turnover 1.40.81.51.11.5·
Receivables Turnover 9.26.27.05.43.9·
Per Share 5
Metric Trend 202520242023202220212020
Book Value / Share $1.55$0.20$0.26$0.75$0.60·
Revenue / Share $2.79$3.23$0.39$0.40$0.47·
Cash Flow / Share $-1.66$-2.57$-0.54$-0.61$-0.96·
Cash / Share $1.59$0.01$0.09$0.17$1.13·
EPS (TTM) $-4.33$-82.32$-23.97$0.04$-1.82$-0.56
Growth Rates 3
Metric Trend 202520242023202220212020
Revenue YoY 12.1%-47.0%-1.6%186.8%44.6%·
Revenue CAGR 3Y -16.4%14.3%59.8%···
Revenue CAGR 5Y 19.4%·····
Valuation (TTM) 10
Metric Trend 202520242023202220212020
Revenue TTM $46M$41M$77M$79M$27M$19M
Net Income TTM $-71M$-70M$-135M$8M$-107M$-22M
Market Cap $338M$1.97B$54.00B$176.26B$751.30B·
P/E -3.2-0.1-8.723493.8-2252.9·
P/S 7.448.1697.22239.527380.7·
P/B 8.949.8790.11251.46804.3·
P / Tangible Book 8.949.8790.11269.96804.3·
P / Cash Flow -12.4-60.4-511.2-1421.9-13320.0·
P / FCF -11.3-60.4-506.1-1279.3-11379.4·
Earnings Yield -31.5%-813.0%-11.5%0.00%-0.04%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312025-09-302025-06-302025-03-312024-12-31
Revenue $46M · · · $41M
Gross Margin % -16.1% · · · -5.1%
Operating Margin % -119.5% · · · -200.8%
Net Income $-71M · · · $-70M
Diluted EPS $-4.33 · · · $-82.32

Institutional owners (13F) 142 filers · $224.8M total · As of June 30, 2026

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Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 142
Value held $224.8M
New positions 81
Exited positions 14
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
81 (+44 vs prior Q) 14 (-2 vs prior Q) 35 (+11 vs prior Q) 17 (+13 vs prior Q) +5.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $24,237,761 1,381,069 10.78% Shares
AWM Investment Company, Inc. $23,202,258 1,322,066 10.32% Shares
STATE STREET CORP $17,619,884 1,003,982 7.84% Shares
VANGUARD CAPITAL MANAGEMENT LLC $11,355,991 647,065 5.05% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $10,101,780 575,600 4.49% Shares
NEXT CENTURY GROWTH INVESTORS LLC $9,711,397 553,356 4.32% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $9,069,840 516,800 4.04% Call option
GEODE CAPITAL MANAGEMENT, LLC $7,737,815 440,818 3.44% Shares
JANE STREET GROUP, LLC $6,911,190 393,800 3.07% Put option
VANGUARD PORTFOLIO MANAGEMENT LLC $6,529,302 372,040 2.90% Shares
JANE STREET GROUP, LLC $5,644,010 321,596 2.51% Shares
UBS Group AG $5,439,693 309,954 2.42% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $5,419,440 308,800 2.41% Put option
MILLENNIUM MANAGEMENT LLC $5,325,354 303,439 2.37% Shares
VANGUARD GROUP INC $5,315,182 386,840 2.36% Shares
CITADEL ADVISORS LLC $3,903,120 222,400 1.74% Call option
JANE STREET GROUP, LLC $3,901,365 222,300 1.74% Call option
Ghisallo Capital Management LLC $3,510,000 200,000 1.56% Shares
ARK Investment Management LLC $3,417,915 194,753 1.52% Shares
OPPENHEIMER & CO INC $3,399,523 193,705 1.51% Shares
Jump Financial, LLC $3,119,390 177,743 1.39% Shares
NORTHERN TRUST CORP $2,299,033 130,999 1.02% Shares
CITADEL ADVISORS LLC $2,167,425 123,500 0.96% Put option
VANGUARD FIDUCIARY TRUST CO $2,092,030 119,204 0.93% Shares
LPL Financial LLC $2,006,281 114,318 0.89% Shares
SYMMETRY PEAK MANAGEMENT LLC $1,886,625 107,500 0.84% Call option
Invst, LLC $1,816,934 103,529 0.81% Shares
TWO SIGMA INVESTMENTS, LP $1,753,877 99,936 0.78% Shares
TUDOR INVESTMENT CORP ET AL $1,669,777 95,144 0.74% Shares
Caitong International Asset Management Co., Ltd $1,419,111 80,861 0.63% Shares
ROYAL BANK OF CANADA $1,334,000 75,987 0.59% Shares
MOORE CAPITAL MANAGEMENT, LP $1,316,250 75,000 0.59% Shares
PFG Advisors $1,315,952 74,983 0.59% Shares
POLEN CAPITAL MANAGEMENT LLC $1,306,106 74,422 0.58% Shares
IMC-Chicago, LLC $1,238,679 70,580 0.55% Shares
CANTOR FITZGERALD, L. P. $1,147,858 65,405 0.51% Shares
Clear Street Group Inc. $1,092,768 62,266 0.49% Shares
Marex Group Ltd $1,063,565 60,602 0.47% Shares
NewEdge Advisors, LLC $1,023,641 58,327 0.46% Shares
COMMONWEALTH EQUITY SERVICES, LLC $1,016,110 57,898 0.45% Shares
VK Services, LLC $1,014,566 57,810 0.45% Shares
CITADEL ADVISORS LLC $1,012,600 57,698 0.45% Shares
Apollon Wealth Management, LLC $966,408 55,066 0.43% Shares
SYMMETRY PEAK MANAGEMENT LLC $965,250 55,000 0.43% Put option
Cetera Investment Advisers $941,628 53,654 0.42% Shares
MORGAN STANLEY $906,476 51,651 0.40% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $881,133 50,207 0.39% Shares
BANK OF AMERICA CORP /DE/ $808,370 46,061 0.36% Shares
Balyasny Asset Management L.P. $777,816 44,320 0.35% Shares
Point72 Asset Management, L.P. $763,794 43,521 0.34% Shares

Show all 142 institutional owners →

Activists & 5%+ owners 5 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Arun Jeldi, Arrayed Notes Acquisition Corp., Arrayed Additive, Inc. ×2 filings March 9, 2026 48.60% Amendment · SEC
Bessemer Venture Partners IX Institutional L.P., Bessemer Venture Partners IX L.P., Deer IX & Co. L.P., Deer IX & Co. Ltd. Feb. 14, 2025 0.50% Amendment · SEC
Khosla Ventures Seed B, L.P., Khosla Ventures Seed B (CF), L.P., Khosla Ventures Seed Associates B, LLC, Khosla Ventures V, L.P., Khosla Ventures Associates V, LLC, VK Services, LLC, Vinod Khosla ×2 filings Feb. 14, 2025 0.40% Amendment Passive investment SEC
PIV Fund I, L.P., PIV GP, L.L.C., Ricardo Angel, Mark Stout Gudiksen ×4 filings May 3, 2024 · Initial filing · SEC
Bessemer Venture Partners IX Institutional L.P. (2), Bessemer Venture Partners IX L.P. (2), Deer IX & Co. L.P. (2), Deer IX & Co. Ltd. (2) Oct. 12, 2021 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 23 insiders · 7 officers · 15 directors

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Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Arun Jeldi CEO Aug. 15, 2026 M 18,874 0 0 $0
James D Suva CFO April 6, 2026 A · 0 0 $0
Hull Hou Jun Xu CFO Dec. 31, 2025 M 13,600 0 0 $0
Bernard Chung ACTING CHIEF FINANCIAL OFFICER Feb. 15, 2024 S 206,903 0 0 $0
William D. Mccombe Chief Financial Officer Aug. 15, 2023 M 169,998 0 0 $0
Bradley Allen Kreger COO May 15, 2025 M 65,359 0 0 $0
Renette Youssef CHIEF MARKETING OFFICER Feb. 15, 2024 S 121,495 0 0 $0
Jason Michael Lloyd Director Sept. 12, 2026 M 16,335 2 0 $27,390
Adrian Keppler Director Sept. 12, 2026 M 15,208 0 0 $0
Stefan Krause Director Sept. 12, 2026 M 15,370 0 0 $0
Lily Mei Director June 12, 2026 A · 0 0 $0
Kenneth Dale Thieneman Director May 28, 2026 M 11,187 0 0 $0
Michael Idelchik Director March 10, 2025 M 8,927 0 0 $0
Ellen Smith Director Dec. 31, 2024 A 35,468 0 0 $0
Carl Bass Director Dec. 31, 2024 A 61,053 0 0 $0
Benyamin Buller Director Dec. 10, 2024 M 15,669 0 0 $0
Matthew Joseph Walters Director Dec. 10, 2024 M 7,401 0 0 $0
Gabrielle B Toledano Director Dec. 10, 2024 M 7,504 0 0 $0
Ellen M Pawlikowski Director June 26, 2023 A 54,673 0 0 $0
Ricardo Angel Director Sept. 29, 2021 A 22,874,407 0 0 $0
Playground Ventures, L.P. 10% owner April 5, 2022 J 0 0 0 $0
Spitfire Sponsor LLC 10% owner March 30, 2022 J 0 0 0 $0
Barry S Sternlicht 10% owner Sept. 29, 2021 J 8,550,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 12 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PRNT · ARK ETF Trust 3.62% 209,897 NS July 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.11% 128,980 SH Aug. 19, 2026 Daily
IWC · iShares Trust 0.04% 55,872 SH Sept. 11, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.02% 17,813 SH Aug. 19, 2026 Daily
IWO · iShares Trust 0.01% 152,870 SH Sept. 11, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 94,882 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.01% 430,417 SH Sept. 11, 2026 Daily
RSSL · Global X Funds 0.01% 7,856 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 30,473 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.00% 201,951 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 426,100 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 1,360 SH Aug. 19, 2026 Daily

VELO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

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rating · 11 analysts BUY
Median target $21.50 +92.0%
2 18.2% Strong Buy
8 72.7% Buy
1 9.1% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

4 analysts · 2026-10-03

Mean target $23.25 +107.6%

← Below all targets Current price $11.20
Low$17.00 Mean$23.25 High$33.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

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FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
VELO $338M -3.2 12.1% -155.2% -209.7% -16.1%
MEC $380M -46.8 -6.0% -1.5% -3.3% ·
FSTR $273M 39.1 1.7% 1.4% 4.3% 21.1%
RR · -10.7 19.0% -972.7% · 35.9%
NNBR $64M -1.2 -9.1% -8.1% -72.7% ·
ERII $712M 32.1 -6.9% 17.0% 11.0% 65.1%
AIRJ · · · · · ·
OFLX $297M 20.0 -3.3% 15.1% 17.7% 60.0%
PDYN · · · · · ·
PPIH $235M 13.8 33.2% 8.1% 19.9% 32.9%

Latest News Recent headlines mentioning this company

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Source: SEC 10-Q filed Aug 11, 2026