Velo3D (VLDXW) Research & Development (2020 - 2025)

Velo3D's Research & Development history runs 6 years deep, the most recent figure standing at $3.3 million for Q4 2025.

• In Q4 2025, Research & Development rose 13.44% year-over-year to $3.3 million; the TTM figure through Dec 2025 stood at $10.7 million (down 31.19% YoY), while the FY2025 annual figure was $10.7 million, down 31.19% from the prior year.
• Research & Development was $3.3 million for Q4 2025 at Velo3D, up from $2.7 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $12.4 million in Q2 2022 to a low of $2.1 million in Q1 2025.
• Historically, Research & Development has averaged $6.7 million across 5 years, with a median of $5.5 million in 2021.
• The sharpest annual moves came in 2022 and 2023: Research & Development sank 72.38% in 2022, then jumped 351.83% in 2023.
• A 5-year view of Research & Development shows it stood at $7.9 million in 2021, then tumbled by 72.38% to $2.2 million in 2022, then surged by 351.83% to $9.9 million in 2023, then tumbled by 70.72% to $2.9 million in 2024, then gained by 13.44% to $3.3 million in 2025.
• The last three Research & Development figures came in at $3.3 million (Q4 2025), $2.7 million (Q3 2025), and $2.6 million (Q2 2025), per Business Quant data.