Velo3D (VELO) Research & Development (2020 - 2026)
Velo3D's Research & Development was $4.33 million in Q2 2026, up 67.3% from $2.59 million a year earlier.
Powered by 
Analysis
Velo3D (VELO) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Velo3D's Research & Development was $12.92 million through Jun 30, 2026, up 13.2% year-over-year; for FY2025, it came in at $10.65 million, down 31.2% from FY2024.
- Research & Development has now declined for three consecutive years, with a five-year compound annual growth rate of -5.6% (FY2020 to FY2025).
- In earlier years, Research & Development was $15.48 million in FY2024 (-63.2%), $42.03 million in FY2023 (-9.2%), $46.27 million in FY2022 (+71.3%) and $27 million in FY2021 (+90.3%).
- The Q2 2026 figure marks the highest quarterly Research & Development since Q1 2024.
- Compared with a year earlier, Research & Development was higher in two of the last seven quarters, with an average decline of 24.4%.
- The best year-over-year quarter for Research & Development over five years was Q1 2022 (growth of 175.1%); the worst was Q4 2024 (a decline of 70.7%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | - |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | - |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | - |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 302.00 Mn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | - |
| 10 | Velo3D | 352.68 Mn | 237.93 Mn | 4.44 Mn | 4.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.33 Mn |
| Dec 31, 2025 | 3.28 Mn |
| Sep 30, 2025 | 2.72 Mn |
| Jun 30, 2025 | 2.59 Mn |
| Mar 31, 2025 | 2.06 Mn |
| Dec 31, 2024 | 2.90 Mn |
| Sep 30, 2024 | 3.88 Mn |
| Jun 30, 2024 | 4.04 Mn |
| Mar 31, 2024 | 4.67 Mn |
| Dec 31, 2023 | 9.89 Mn |
| Sep 30, 2023 | 9.49 Mn |
| Jun 30, 2023 | 12.24 Mn |
| Mar 31, 2023 | 10.42 Mn |
| Dec 31, 2022 | 7.83 Mn |
| Sep 30, 2022 | 12.56 Mn |
| Jun 30, 2022 | 12.97 Mn |
| Mar 31, 2022 | 12.92 Mn |
| Dec 31, 2021 | 7.92 Mn |
| Sep 30, 2021 | 7.99 Mn |
| Jun 30, 2021 | 6.40 Mn |
API Access
Velo3D Research & Development 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=research-and-development&ticker=VELO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=VELO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();