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Side-by-side financial comparison of Almonty Industries Inc. (ALM) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.

Velo3D, Inc. is the larger business by last-quarter revenue ($9.4M vs $6.3M, roughly 1.5× Almonty Industries Inc.). Almonty Industries Inc. runs the higher net margin — -86.1% vs -231.9%, a 145.9% gap on every dollar of revenue.

Almonty Industries Inc. is an international mining company primarily engaged in the extraction and development of tungsten resources. The company operates in Spain, Portugal, and South Korea and is publicly traded on the Toronto Stock Exchange (TSX). The current Chief Executive Officer is Lewis Black.

Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.

ALM vs VELO — Head-to-Head

Bigger by revenue
VELO
VELO
1.5× larger
VELO
$9.4M
$6.3M
ALM
Higher net margin
ALM
ALM
145.9% more per $
ALM
-86.1%
-231.9%
VELO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALM
ALM
VELO
VELO
Revenue
$6.3M
$9.4M
Net Profit
$-5.4M
$-21.9M
Gross Margin
-73.6%
Operating Margin
-231.0%
Net Margin
-86.1%
-231.9%
Revenue YoY
-25.2%
Net Profit YoY
-2.9%
EPS (diluted)
$-0.87

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALM
ALM
VELO
VELO
Q4 25
$9.4M
Q3 25
$6.3M
$13.6M
Q2 25
$7.2M
$13.6M
Q1 25
$9.3M
Q4 24
$12.6M
Q3 24
$8.2M
Q2 24
$10.3M
Q1 24
$9.8M
Net Profit
ALM
ALM
VELO
VELO
Q4 25
$-21.9M
Q3 25
$-5.4M
$-11.2M
Q2 25
$-58.2M
$-13.3M
Q1 25
$-25.0M
Q4 24
$-21.3M
Q3 24
$-21.9M
Q2 24
$935.0K
Q1 24
$-27.5M
Gross Margin
ALM
ALM
VELO
VELO
Q4 25
-73.6%
Q3 25
3.2%
Q2 25
-11.7%
Q1 25
7.5%
Q4 24
-3.5%
Q3 24
49.4%
Q2 24
-28.0%
Q1 24
-28.8%
Operating Margin
ALM
ALM
VELO
VELO
Q4 25
-231.0%
Q3 25
-73.3%
Q2 25
-85.4%
Q1 25
-123.6%
Q4 24
-167.0%
Q3 24
-213.8%
Q2 24
-187.7%
Q1 24
-211.1%
Net Margin
ALM
ALM
VELO
VELO
Q4 25
-231.9%
Q3 25
-86.1%
-82.0%
Q2 25
-809.4%
-97.7%
Q1 25
-268.4%
Q4 24
-168.5%
Q3 24
-265.3%
Q2 24
9.0%
Q1 24
-281.2%
EPS (diluted)
ALM
ALM
VELO
VELO
Q4 25
$-0.87
Q3 25
$-0.65
Q2 25
$-0.94
Q1 25
$-1.87
Q4 24
$7.06
Q3 24
$-35.52
Q2 24
$1.65
Q1 24
$-55.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALM
ALM
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$39.0M
Total DebtLower is stronger
$31.0M
Stockholders' EquityBook value
$38.2M
Total Assets
$105.3M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
VELO
VELO
Q4 25
$39.0M
Q3 25
$11.8M
Q2 25
$854.0K
Q1 25
$3.9M
Q4 24
$1.2M
Q3 24
$1.6M
Q2 24
$3.2M
Q1 24
$10.9M
Total Debt
ALM
ALM
VELO
VELO
Q4 25
$31.0M
Q3 25
$23.0M
Q2 25
$22.5M
Q1 25
$21.7M
Q4 24
$5.7M
Q3 24
$32.3M
Q2 24
$33.5M
Q1 24
$44.0M
Stockholders' Equity
ALM
ALM
VELO
VELO
Q4 25
$38.2M
Q3 25
$29.9M
Q2 25
$21.4M
Q1 25
$32.8M
Q4 24
$39.7M
Q3 24
$34.4M
Q2 24
$52.1M
Q1 24
$45.5M
Total Assets
ALM
ALM
VELO
VELO
Q4 25
$105.3M
Q3 25
$93.7M
Q2 25
$78.4M
Q1 25
$91.3M
Q4 24
$89.2M
Q3 24
$110.8M
Q2 24
$116.7M
Q1 24
$136.1M
Debt / Equity
ALM
ALM
VELO
VELO
Q4 25
0.81×
Q3 25
0.77×
Q2 25
1.05×
Q1 25
0.66×
Q4 24
0.14×
Q3 24
0.94×
Q2 24
0.64×
Q1 24
0.97×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALM
ALM
VELO
VELO
Operating Cash FlowLast quarter
$-7.7M
Free Cash FlowOCF − Capex
$-8.3M
FCF MarginFCF / Revenue
-88.3%
Capex IntensityCapex / Revenue
6.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
VELO
VELO
Q4 25
$-7.7M
Q3 25
$-6.0M
Q2 25
$-1.2M
Q1 25
$-12.3M
Q4 24
$-2.2M
Q3 24
$-2.0M
Q2 24
$-8.0M
Q1 24
$-20.5M
Free Cash Flow
ALM
ALM
VELO
VELO
Q4 25
$-8.3M
Q3 25
$-6.3M
Q2 25
$-3.0M
Q1 25
Q4 24
$-2.2M
Q3 24
$-2.0M
Q2 24
$-8.0M
Q1 24
$-20.5M
FCF Margin
ALM
ALM
VELO
VELO
Q4 25
-88.3%
Q3 25
-46.5%
Q2 25
-22.2%
Q1 25
Q4 24
-17.7%
Q3 24
-24.2%
Q2 24
-77.1%
Q1 24
-209.8%
Capex Intensity
ALM
ALM
VELO
VELO
Q4 25
6.4%
Q3 25
2.3%
Q2 25
13.3%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
ALM
ALM
VELO
VELO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-8.52×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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