Velo3D (VELO) Operating Expenses (2020 - 2026)
Velo3D (VELO) recorded Operating Expenses of $15.5 million in Q2 2026, up 54.9% from $10.01 million a year earlier.
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Analysis
Velo3D (VELO) Operating Expenses (2020 - 2026) Analysis & Trends
On a TTM basis, Velo3D's Operating Expenses came in at $50.8 million as of Jun 30, 2026, down 21.3% year-over-year; for FY2025, it was $47.52 million, down 38.1% from FY2024.
- Annual Operating Expenses has declined for three straight years, though with a five-year compound annual growth rate of 11.5% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $76.71 million in FY2024 (-28.3%), $106.99 million in FY2023 (-0.2%), $107.16 million in FY2022 (+70.9%) and $62.72 million in FY2021 (+127.4%).
- The Q2 2026 figure is the highest quarterly Operating Expenses since Q4 2024.
- On a year-over-year basis, Operating Expenses rose in 1 of the last seven quarters, with an average decline of 19.0%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 235.7% in Q4 2021, against a decline of 52.0% in Q3 2025 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 16.25 Bn |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 963.40 Mn |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 10.73 Bn |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 1.46 Bn |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 874.00 Mn |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 490.50 Mn |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 1.34 Bn |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 5.52 Bn |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | - |
| 10 | Velo3D | 347.21 Mn | 232.47 Mn | 4.44 Mn | 15.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.50 Mn |
| Dec 31, 2025 | 14.86 Mn |
| Sep 30, 2025 | 10.43 Mn |
| Jun 30, 2025 | 10.01 Mn |
| Mar 31, 2025 | 12.22 Mn |
| Dec 31, 2024 | 20.65 Mn |
| Sep 30, 2024 | 21.70 Mn |
| Jun 30, 2024 | 16.52 Mn |
| Mar 31, 2024 | 17.84 Mn |
| Dec 31, 2023 | 25.94 Mn |
| Sep 30, 2023 | 26.03 Mn |
| Jun 30, 2023 | 28.24 Mn |
| Mar 31, 2023 | 26.78 Mn |
| Dec 31, 2022 | 23.66 Mn |
| Sep 30, 2022 | 27.83 Mn |
| Jun 30, 2022 | 27.47 Mn |
| Mar 31, 2022 | 28.19 Mn |
| Dec 31, 2021 | 20.77 Mn |
| Sep 30, 2021 | 16.49 Mn |
| Jun 30, 2021 | 13.95 Mn |
API Access
Velo3D Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=VELO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VELO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=VELO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();