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The latest financial statement is for the quarter ending 2026-03-31.

Cash Flow Overview

Free Cash flow
-$18,918K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Stock-based compensation
    • Depreciation and amortization
    • Inventories
    • Others
Negative Cash Flow Breakdown
    • Net loss
    • Accounts payable
    • Prepaid expenses and other curre...
    • Others

Cash Flow
2026-03-31
2025-12-31
2025-09-30
Net loss
-6,998 -20,370 -50,992
Depreciation and amortization
762 887 2,492
Amortization of debt discount and deferred financing costs
17 -3,508 3,700
Stock-based compensation
1,889 403 9,106
Gain on exchange of debt for common stock
-0 -
Loss on fair value of warrants
0 96 1,044
Change in fair value of contingent earnout liabilities
--10 -
Gain on fair value of contingent earnout liabilities
--0
Impairment of equipment subject to operating lease
-1,066 -
Loss on warrant cancellation
0 0 -11,357
Loss on debt extinguishment
--0
Reserve for excess and obsolete inventory
-6,979 -
Non-cash cost of issuance of common stock warrants on bepo offering
-0 0
Loss on debt extinguishment
-0 -
Non-cash warrant issuance in connection with august warrant inducement
-0 -
Provision for credit loss related to contract assets
-1,392 -
Provision for credit loss related to trade accounts receivable
-1,826 37
Non-cash lease expense
59 139 -
Loss on sale/disposal of fixed assets
-0 -24
Realized loss on available-for-sale securities
-0 0
Accounts receivable
469 1,417 2,986
Inventories
-672 -13,082 -11,333
Contract assets
2,081 -7 2,938
Prepaid expenses and other current assets
3,928 3,893 -507
Other assets
-648 -7,890 5,890
Accounts payable
-5,504 -13,538 -1,762
Accrued expenses and other liabilities
-1,032 -363 8,323
Contract liabilities
-1,542 1,053 -2,057
Other noncurrent liabilities
-471 542 -888
Net cash used in operating activities
-17,978 -7,737 -19,590
Purchase of property and equipment
940 603 2,112
Reimbursement of previously incurred leasehold expenditures
-0 -
Sales of property and equipment
-0 -
Proceeds from the sale of available-for-sale securities
--0
Sales of available-for-sale securities
-0 -
Proceeds from maturity of available for sale investments
-0 0
Net cash used in investing activities
-940 -603 -2,112
Proceeds from equipment loan
-10,000 -
Proceeds from convertible secured notes
0 0 15,000
Repayment of 2025 equipment loan
496 311 -
Issuance cost for equipment loan
-19 -
Gross proceeds from december 2025 pipe offering
-30,000 -
Payment for issuance cost related to december 2025 pipe offering
-2,033 -
Gross proceeds from august 2025 offering
-1 20,125
Payment for issuance cost related to august 2025 offering
-0 2,303
Proceeds from capital raise - august warrant inducement
-0 -
Gross proceeds from bepo offering
-0 0
Payments for issuance cost related to the bepo offering
-0 0
Gross proceeds from capital raise, august warrant inducement
--0
Repayment of secured notes
3,039 2,128 499
Issuance of common stock upon exercise of stock options
-0 0
Net cash (used in) provided by financing activities
-3,535 35,510 32,323
Effect of exchange rate changes on cash and cash equivalents
-1 1 4
Net change in cash and cash equivalents
-22,454 27,171 10,625
Cash and cash equivalents and restricted cash at beginning of period
39,641 12,465 1,840
Cash and cash equivalents and restricted cash at end of period
17,187 39,636 12,465
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Net change in cashand cash...-$22,454K Stock-based compensation$1,889K Depreciation andamortization$762K Inventories-$672K Other assets-$648K Non-cash lease expense$59K Amortization of debt discountand deferred...$17K Net cash used inoperating activities-$17,978K Net cash (used in)provided by financing...-$3,535K Net cash used ininvesting activities-$940K Effect of exchange ratechanges on cash and cash...-$1K Canceled cashflow$4,047K Net loss-$6,998K Accounts payable-$5,504K Prepaid expenses andother current assets$3,928K Contract assets$2,081K Repayment of secured notes$3,039K Repayment of 2025equipment loan$496K Purchase of property andequipment$940K Contract liabilities-$1,542K Accrued expenses andother liabilities-$1,032K Other noncurrentliabilities-$471K Accounts receivable$469K

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