Velo3D Inc Q4 2025 Earnings Call Highlights: Revenue Down 25%, Full-Year Revenue Up 12%, Backlog at $31 Million, 2026 Revenue Guidance $60-$70 Million.

Velo3D Inc reported Q4 2025 revenue of $9.4 million, down 25% YoY, and a net loss of $21.9 million. However, the company achieved double-digit revenue growth in 2025, driven by accelerating demand for its Rapid Production Solutions and large-format additive manufacturing capabilities. The company secured a major milestone by becoming the first additive manufacturing vendor qualified under the US Army's Ground Vehicle Systems Center initiative, enhancing its position in defense supply chains. Velo3D Inc reported a record backlog of approximately $31 million and plans to significantly increase production capacity and explore financing to support growth with minimal dilution.