Velo3D (VELO) Operating Expenses (2020 - 2026)

Velo3D's Operating Expenses history runs 6 years deep, the most recent figure standing at $14.9 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 28.02% year-over-year to $14.9 million; the TTM figure through Dec 2025 stood at $47.5 million (down 38.06% YoY), while the FY2025 annual figure was $47.5 million, down 38.06% from the prior year.
• Operating Expenses for Q4 2025 stood at $14.9 million, up from $10.4 million in the prior quarter.
• The five-year high for Operating Expenses was $28.2 million in Q2 2023, with the low at -$522000.0 in Q2 2022.
• The 5-year median for Operating Expenses is $17.2 million (2024), against an average of $17.3 million.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 104.32% in 2022, then surged 5510.34% in 2023.
• Velo3D's Operating Expenses stood at $20.8 million in 2021, then rose by 24.47% to $25.8 million in 2022, then climbed by 0.34% to $25.9 million in 2023, then retreated by 20.4% to $20.6 million in 2024, then retreated by 28.02% to $14.9 million in 2025.
• Business Quant data shows VELO's Operating Expenses at $14.9 million in Q4 2025, $10.4 million in Q3 2025, and $10.0 million in Q2 2025.