Velo3D (VELO) Cost of Revenue (2020 - 2026)

Velo3D's Cost of Revenue history runs 6 years deep, the most recent figure standing at $16.4 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 25.38% year-over-year to $16.4 million; the TTM figure through Dec 2025 stood at $53.4 million (up 23.88% YoY), while the FY2025 annual figure was $53.4 million, up 23.88% from the prior year.
• Cost of Revenue for Q4 2025 stood at $16.4 million, up from $13.2 million in the prior quarter.
• The five-year high for Cost of Revenue was $24.2 million in Q1 2023, with the low at $553000.0 in Q4 2022.
• The 5-year median for Cost of Revenue is $10.7 million (2021), against an average of $10.7 million.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue plunged 93.66% in 2022, then soared 3198.98% in 2023.
• Velo3D's Cost of Revenue stood at $8.7 million in 2021, then slumped by 93.66% to $553000.0 in 2022, then surged by 279.75% to $2.1 million in 2023, then jumped by 522.38% to $13.1 million in 2024, then grew by 25.38% to $16.4 million in 2025.
• Business Quant data shows VELO's Cost of Revenue at $16.4 million in Q4 2025, $13.2 million in Q3 2025, and $15.2 million in Q2 2025.