Velo3D, Inc. (Nasdaq: VELO) announced its financial results for the fourth quarter and full year ended December 31, 2025, revealing a total revenue of $9.4 million for Q4 and $46 million for the full year. The company reported a GAAP net loss of $21.9 million for Q4, slightly higher than the $21.3 million loss in the same quarter of 2024. The gross margin for Q4 was reported at (73.6)%, a significant decline from (3.5)% in Q4 2024, primarily due to a $7 million write-down of obsolete inventory. Despite these challenges, Velo3D's revenue for the full year increased by 54% compared to 2024, driven by a strong demand for its Rapid Production Solutions (RPS). The company also announced a backlog of $31 million as of December 31, 2025, and expects revenue for 2026 to be between $60 million and $70 million. In a strategic move, Velo3D appointed James Suva as the new Chief Financial Officer, effective April 6, 2026, replacing Bernard Chung, who will continue as Corporate Controller. Suva brings extensive experience from his previous role as Senior Vice President and Treasurer at Cricut, Inc. The company anticipates achieving positive EBITDA in the second half of 2026, supported by its long-term capacity plan to ramp up production systems significantly over the next decade. Velo3D's focus on expanding its defense and aerospace program portfolio is expected to enhance its operational execution and strategic outlook moving forward.

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