Velo3D Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-72.68	-73.3	-135.14	7.97	-107.09	-8.76
Depreciation & Amortization	3.46	4.91	9.31	5.29	3.01	1.24
Other Amortization	3.41	14.95	1.36	-	-	-
Loss (Gain) From Sale of Assets	0.04	0.01	-	-	-	-
Loss (Gain) From Sale of Investments	-	0.02	0.01	-	-	-
Stock-Based Compensation	11.43	15.36	24.93	20.15	4.37	1.46
Other Operating Activities	12.04	-26.19	-7.33	-113.2	46.5	-13.06
Change in Accounts Receivable	10.85	12.87	-7.62	-1.54	-8.79	-1.75
Change in Inventory	22.93	13.3	13.73	-47.02	-8.01	-2.74
Change in Accounts Payable	-3.53	-0.74	2.21	2.34	1.88	-0.49
Change in Unearned Revenue	-3.27	5.15	-10.06	-7.06	17.55	-2.39
Change in Other Net Operating Assets	0.24	0.98	2.96	9.1	-5.82	0.04
Operating Cash Flow	-21.8	-32.68	-105.64	-123.96	-56.4	-26.45
Capital Expenditures	-2.09	-0.01	-3.21	-19.42	-18.1	-3.43
Sale of Property, Plant & Equipment	0.02	0.02	-	-	-	-
Investment in Securities	-	6.67	42.1	-33.61	-15.49	-
Other Investing Activities	1.08	1.08	-	-	-	-
Investing Cash Flow	-0.99	7.77	38.89	-53.02	-33.59	-3.43
Long-Term Debt Issued	-	0.5	138.45	9.06	32.76	7.79
Long-Term Debt Repaid	-	-11.75	-118.84	-8.98	-28.53	-0.42
Net Debt Issued (Repaid)	15	-11.25	19.61	0.09	4.23	7.37
Issuance of Common Stock	18.83	12.71	39.65	1.26	155.39	0.05
Other Financing Activities	-1	-	-	-	123.27	-
Financing Cash Flow	32.83	1.46	59.26	1.34	282.89	35.58
Foreign Exchange Rate Adjustments	-0.01	-0	-0.01	0.02	-0.01	-
Net Cash Flow	10.03	-23.45	-7.49	-175.62	192.89	5.7
Free Cash Flow	-23.9	-32.69	-108.85	-143.38	-74.5	-29.88
Free Cash Flow Margin	-48.61%	-79.72%	-140.55%	-182.17%	-271.52%	-157.44%
Free Cash Flow Per Share	-2.06	-38.58	-289.54	-372.32	-666.47	-1003.53
Cash Interest Paid	0.85	1.18	9.72	0.37	1.42	0.46
Levered Free Cash Flow	5.77	4.51	-63.18	-105.45	-47.05	-21.46
Unlevered Free Cash Flow	0.02	0.85	-57.1	-105.22	-45.34	-21.06
Change in Working Capital	27.22	31.56	1.22	-44.17	-3.19	-7.33

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.