Velo3D Inc. (VLD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2710 LAKEVIEW CT FREMONT, CA 94538 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 31,115 | 80,197 | 223,085 | 1,668 | |||
| Cash and cash equivalents | 24,494 | 31,983 | 207,602 | 1,668 | |||
| Short-term investments | 6,621 | 48,214 | 15,483 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | |||||||
| Receivables | 9,583 | 9,185 | 12,778 | ||||
| Inventory, net of allowances, customer advances and progress billings | 60,816 | 71,202 | 22,479 | ||||
| Inventory | 60,816 | 71,202 | 22,479 | ||||
| Prepaid expense | 2,738 | 3,316 | 5,326 | 727 | |||
| Contract with customer, asset, after allowance for credit loss | 12,627 | 6,805 | 274 | ||||
| Other undisclosed current assets | 1,262 | 2,217 | 4,132 | ||||
| Total current assets: | 118,141 | 172,922 | 268,074 | 2,395 | |||
| Noncurrent Assets | |||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6,667 | 9,070 | 8,366 | ||||
| Operating lease, right-of-use asset | |||||||
| Property, plant and equipment | 16,326 | 19,812 | 10,046 | ||||
| Asset, held-in-trust | 345,000 | ||||||
| Other noncurrent assets | 12,665 | 23,310 | 16,231 | ||||
| Other undisclosed noncurrent assets | |||||||
| Total noncurrent assets: | 35,658 | 52,192 | 34,643 | 345,000 | |||
| TOTAL ASSETS: | 153,799 | 225,114 | 302,717 | 347,395 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 17,802 | 20,809 | 17,040 | 97 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 4,143 | |||
| Accounts payable | 15,854 | 12,207 | 9,882 | ||||
| Accrued liabilities | 1,948 | 8,602 | 3,015 | 97 | |||
| Deferred revenue | 5,135 | 15,194 | 22,252 | ||||
| Debt | 113 | 35 | 33 | ||||
| Due to related parties | ✕ | ✕ | 268 | ||||
| Other undisclosed current liabilities | 25,621 | 10,015 | 7,337 | 340 | |||
| Total current liabilities: | 48,671 | 46,053 | 46,662 | 705 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 203 | 5 | 9,184 | ||||
| Finance lease, liability | 203 | 5 | 41 | ||||
| Liabilities, other than long-term debt | 12,809 | 30,043 | 111,795 | ||||
| Other liabilities | 1,380 | 428 | 308 | ||||
| Operating lease, liability | 9,973 | 12,201 | 9,143 | ||||
| Business combination, contingent consideration, liability | 1,456 | 17,414 | 111,487 | ||||
| Other undisclosed noncurrent liabilities | 23,776 | 8,167 | 24,661 | 55,223 | |||
| Total noncurrent liabilities: | 36,788 | 38,215 | 145,640 | 55,223 | |||
| Total liabilities: | 85,459 | 84,268 | 192,302 | 55,927 | |||
| Temporary equity, carrying amount | 286,468 | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | 68,340 | 140,846 | 110,415 | 5,000 | |||
| Common stock | 2 | 2 | 2 | ||||
| Additional paid in capital | 425,471 | 361,528 | 340,294 | 6,766 | |||
| Accumulated other comprehensive loss | (96) | (837) | (14) | ||||
| Accumulated deficit | (357,037) | (219,847) | (229,867) | (1,767) | |||
| Warrants and rights outstanding | |||||||
| Other undisclosed equity, attributable to parent | 1 | ||||||
| Total equity: | 68,340 | 140,846 | 110,415 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 153,799 | 225,114 | 302,717 | 347,395 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 77,443 | 80,757 | 27,439 | |||
| Cost of revenue | (103,710) | (77,863) | (22,481) | |||
| Gross profit: | (26,267) | 2,894 | 4,958 | |||
| Operating expenses | (106,987) | (107,155) | (62,717) | |||
| Operating loss: | (133,254) | (104,261) | (57,759) | |||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 506 | 1,451 | (88) | |||
| Interest and debt expense | (9,722) | (372) | (53,317) | |||
| Loss from continuing operations before equity method investments, income taxes: | (142,470) | (103,182) | (111,164) | |||
| Other undisclosed income from continuing operations before income taxes | 7,331 | 113,202 | 4,073 | |||
| Income (loss) from continuing operations: | (135,139) | 10,020 | (107,091) | |||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (107,091) | ✕ | |
| Net income (loss) available to common stockholders, diluted: | (135,139) | 10,020 | (107,091) | |||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (135,139) | 10,020 | (107,091) | |||
| Comprehensive income (loss): | (135,139) | 10,020 | (107,091) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 741 | (823) | (14) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (134,398) | 9,197 | (107,105) | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.