Velo3D (VELO) Cost of Revenue (2020 - 2025)

Velo3D has reported Cost of Revenue for 6 years, with the latest figure at $49.0 million in Q4 2025.

• For the quarter ending Q4 2025, Cost of Revenue rose 3129.64% year-over-year to $49.0 million; the trailing twelve-month figure through Dec 2025 stood at $53.4 million (up 315.13% YoY), and the FY2025 full-year result was $53.4 million, up 315.13% from the prior year.
• Cost of Revenue for Q4 2025 stood at $49.0 million, up from $1.8 million in the prior quarter.
• The five-year high for Cost of Revenue was $49.0 million in Q4 2025, with the low at $1.1 million in Q1 2025.
• Average Cost of Revenue over 5 years is $11.4 million, with a median of $4.3 million recorded in 2024.
• Year-over-year, Cost of Revenue sank 95.17% in 2024 and soared 3129.64% in 2025.
• Tracing VELO's Cost of Revenue over 5 years: stood at $14.8 million in 2021, then surged by 89.59% to $28.0 million in 2022, then gained by 12.29% to $31.5 million in 2023, then slumped by 95.17% to $1.5 million in 2024, then soared by 3129.64% to $49.0 million in 2025.
• The last three Cost of Revenue figures came in at $49.0 million (Q4 2025), $1.8 million (Q3 2025), and $1.5 million (Q2 2025), per Business Quant data.

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