Velo3D, Inc. (VELO) intrinsic value & 10-year financials
Velo3D, Inc. (VELO) has a Graham intrinsic value of $1.66 per share. At $6.80 on Oct 17, 2026, the stock trades 310% above that value. Over the last 7 fiscal years revenue grew 19.4% a year to $46.0M, with an average return on invested capital of -218.3%.
- Graham intrinsic value
- $1.66
- Share price (Oct 17, 2026)
- $6.80
- Price vs Graham value
- 310% above
- Market cap
- $112.0M
- Revenue (FY2025)
- $46.0M
- Revenue growth (7-yr CAGR)
- 19.4%
- ROIC (10-yr avg)
- -218.3%
- Free cash flow (FY2025)
- -$30.0M
VELO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $46.0M | -$71.4M | -$4.33 | -$30.0M | -119.5% | -121.8% |
| FY2024 | $41.0M | -$73.3M | -$5.77 | -$32.7M | -200.8% | -109.1% |
| FY2023 | $77.4M | -$135.1M | -$0.68 | -$106.7M | -172.1% | -117.2% |
| FY2022 | $80.8M | $10.0M | $0.05 | -$137.8M | -129.1% | -503.4% |
| FY2021 | $27.4M | -$107.1M | -$1.82 | -$66.0M | -210.5% | 136.8% |
| FY2020 | $19.0M | -$21.8M | -$0.56 | -$26.8M | -111.8% | -595.0% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Velo3D, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Velo3D, Inc. has historically struggled to out-earn its cost of capital, averaging just -37.0% ROIC.
Velo3D, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Velo3D, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.66 per share.