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Side-by-side financial comparison of BIOHARVEST SCIENCES INC. (BHST) 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 $8.4M, roughly 1.1× BIOHARVEST SCIENCES INC.).

BioHarvest Sciences Inc. is a biotechnology firm that develops and produces sustainable, high-purity plant-derived bioactive ingredients. It serves the nutraceutical, cosmetics, and pharmaceutical sectors, leveraging proprietary cell cultivation technology to create efficacious natural products without large-scale agricultural farming.

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.

BHST vs VELO — Head-to-Head

Bigger by revenue
VELO
VELO
1.1× larger
VELO
$9.4M
$8.4M
BHST

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BHST
BHST
VELO
VELO
Revenue
$8.4M
$9.4M
Net Profit
$-21.9M
Gross Margin
60.3%
-73.6%
Operating Margin
-231.0%
Net Margin
-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
BHST
BHST
VELO
VELO
Q4 25
$9.4M
Q3 25
$8.4M
$13.6M
Q2 25
$8.1M
$13.6M
Q1 25
$7.7M
$9.3M
Q4 24
$12.6M
Q3 24
$6.5M
$8.2M
Q2 24
$6.0M
$10.3M
Q1 24
$9.8M
Net Profit
BHST
BHST
VELO
VELO
Q4 25
$-21.9M
Q3 25
$-11.2M
Q2 25
$-13.3M
Q1 25
$-25.0M
Q4 24
$-21.3M
Q3 24
$-21.9M
Q2 24
$935.0K
Q1 24
$-27.5M
Gross Margin
BHST
BHST
VELO
VELO
Q4 25
-73.6%
Q3 25
60.3%
3.2%
Q2 25
60.0%
-11.7%
Q1 25
58.2%
7.5%
Q4 24
-3.5%
Q3 24
49.4%
Q2 24
-28.0%
Q1 24
-28.8%
Operating Margin
BHST
BHST
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
BHST
BHST
VELO
VELO
Q4 25
-231.9%
Q3 25
-82.0%
Q2 25
-97.7%
Q1 25
-268.4%
Q4 24
-168.5%
Q3 24
-265.3%
Q2 24
9.0%
Q1 24
-281.2%
EPS (diluted)
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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
BHST
BHST
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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