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

Velo3D's Cost of Revenue history runs 6 years deep, the most recent figure standing at $49.0 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 3129.64% year-over-year to $49.0 million; the TTM figure through Dec 2025 stood at $53.4 million (up 315.13% YoY), while the FY2025 annual figure was $53.4 million, up 315.13% from the prior year.
• Cost of Revenue was $49.0 million for Q4 2025 at Velo3D, up from $1.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $49.0 million in Q4 2025 to a low of $1.1 million in Q1 2025.
• Historically, Cost of Revenue has averaged $11.4 million across 5 years, with a median of $4.3 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue sank 95.17% in 2024, then jumped 3129.64% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $14.8 million in 2021, then jumped by 89.59% to $28.0 million in 2022, then rose by 12.29% to $31.5 million in 2023, then tumbled by 95.17% to $1.5 million in 2024, then surged 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.