--- title: "VELO3D INC C/WTS 29/09/2026 (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 13.82 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286148508.md" datetime: "2026-05-12T20:04:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286148508.md) - [en](https://longbridge.com/en/news/286148508.md) - [zh-HK](https://longbridge.com/zh-HK/news/286148508.md) generator: "portal-rs" --- # VELO3D INC C/WTS 29/09/2026 (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 13.82 M Revenue: As of FY2026 Q1, the actual value is USD 13.82 M. EPS: As of FY2026 Q1, the actual value is USD -0.28. EBIT: As of FY2026 Q1, the actual value is USD -6.239 M. ### Financial Performance Overview #### Total Revenue Velo3D reported total revenue of $13.8 million for the first quarter of 2026, marking a 48% year-over-year increase from $9.3 million in the first quarter of 2025, and an increase from $9.4 million in Q4 2025. #### Segment Revenue - **3D Printer and Parts Sales**: Revenue from 3D Printer and parts increased by 60% to $12,021 thousand in Q1 2026, up from $7,523 thousand in Q1 2025. This segment’s revenue was $12.0 million in Q1 2026, up from $7.6 million in Q4 2025. - **Support Services / License / Recurring Revenue**: Support services revenue was $1,269 thousand in Q1 2026, compared to $1,790 thousand in Q1 2025. This segment maintained a consistent revenue of $1.8 million across Q1 2026, Q4 2025, and Q1 2025. - **Other Revenue**: Other revenue significantly increased to $526 thousand in Q1 2026 from $7 thousand in Q1 2025. #### Gross Profit and Margin Gross profit for the first quarter of 2026 was $2,381 thousand, compared to $697 thousand in the first quarter of 2025. This was a significant improvement from - $6.9 million in Q4 2025. The company achieved a GAAP gross margin of 17.2% in Q1 2026, a notable increase from 7.5% in Q1 2025, and a substantial recovery from -73.6% in Q4 2025. #### Operating Costs Total operating expenses for Q1 2026 were $9,328 thousand, down from $12,221 thousand in Q1 2025 and $14.9 million in Q4 2025. Non-GAAP adjusted operating expenses were $8,082 thousand in Q1 2026, a decrease from $8,834 thousand in Q1 2025 and $13.3 million in Q4 2025. Cost of goods sold for Q1 2026 was $11.4 million, a decrease from $16.4 million in Q4 2025, but an increase from $8.6 million in Q1 2025. #### Operating Profit The loss from operations was - $6,947 thousand in Q1 2026, an improvement from - $11,524 thousand in Q1 2025. #### Net Loss GAAP net loss for the first quarter of 2026 was - $7.0 million, an improvement from - $25.0 million in the first quarter of 2025 and - $21.9 million in Q4 2025. On a non-GAAP basis, net loss was - $5.1 million in Q1 2026, compared to - $9.0 million in Q1 2025. #### Adjusted EBITDA Adjusted EBITDA for the first quarter of 2026 was - $3.6 million, an improvement from - $6.9 million in the first quarter of 2025 and - $10.0 million in Q4 2025. #### Cash Flow As of March 31, 2026, Velo3D had $16.6 million in cash and cash equivalents, down from $39.0 million as of December 31, 2025. Net cash used in operating activities was - $17,978 thousand for the first quarter of 2026, compared to - $12,349 thousand for the first quarter of 2025. #### Unique Metrics - **New Bookings**: New bookings in Q1 2026 totaled $12 million. - **Ending Backlog**: The ending backlog was $30 million. The company’s total backlog remained near prior quarter (Q4 2025) levels. - **Defense Contract**: Velo3D was awarded a $9.8 million, five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract supporting the Defense Logistics Agency’s (DLA) Joint Additive Manufacturing Acceptability (JAMA) Pilot Parts Program. - **Equity Offering**: In April 2026, Velo3D closed an equity offering with gross proceeds of approximately $50 million. - **Debt Reduction**: The company reduced its outstanding debt by approximately 70% to about $9 million through debt-to-equity conversions and full repayment of secured notes. - **Repeat Orders**: Repeat orders consistently accounted for over 70% of total orders, with the Defense sector making up the majority of the part pipeline created in Q1. ### Outlook / Guidance Velo3D reaffirms its full-year 2026 revenue outlook to be between $60 million and $70 million. The company expects sequential improvement in gross margin, aiming for greater than 30% in the second half of 2026, and anticipates turning EBITDA positive in the second half of 2026. Non-GAAP adjusted operating expenses are projected to be in the range of $45 million to $55 million, with capital expenditures between $40 million and $50 million, primarily for RPS expansion, subject to sufficient financing. ### Related Stocks - [VLDXW.US](https://longbridge.com/en/quote/VLDXW.US.md) ## Related News & Research - [$1000 Invested In Watts Water Technologies 15 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/297827427.md) - [Velo3D management to join Lake Street Capital Markets Best Ideas Growth Conference](https://longbridge.com/en/news/297657013.md) - [PROVIDENT FINANCIAL HOLDINGS INC FY 2026: Revenue $36.3M, EPS $1.03— 10-K Summary](https://longbridge.com/en/news/297821698.md) - [REG - Aviva PLC Prologis, Inc. 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