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Side-by-side financial comparison of EyePoint, Inc. (EYPT) 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 $5.3M, roughly 1.8× EyePoint, Inc.). Velo3D, Inc. runs the higher net margin — -231.9% vs -1114.3%, a 882.4% gap on every dollar of revenue. On growth, Velo3D, Inc. posted the faster year-over-year revenue change (-25.2% vs -43.7%). Velo3D, Inc. produced more free cash flow last quarter ($-8.3M vs $-63.8M). Over the past eight quarters, Velo3D, Inc.'s revenue compounded faster (-1.8% CAGR vs -40.8%).

EyePoint Pharmaceuticals Inc. is a Watertown, Massachusetts company specialising in the application of microelectromechanical systems (MEMS) and nanotechnology to drug delivery.

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.

EYPT vs VELO — Head-to-Head

Bigger by revenue
VELO
VELO
1.8× larger
VELO
$9.4M
$5.3M
EYPT
Growing faster (revenue YoY)
VELO
VELO
+18.5% gap
VELO
-25.2%
-43.7%
EYPT
Higher net margin
VELO
VELO
882.4% more per $
VELO
-231.9%
-1114.3%
EYPT
More free cash flow
VELO
VELO
$55.5M more FCF
VELO
$-8.3M
$-63.8M
EYPT
Faster 2-yr revenue CAGR
VELO
VELO
Annualised
VELO
-1.8%
-40.8%
EYPT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
EYPT
EYPT
VELO
VELO
Revenue
$5.3M
$9.4M
Net Profit
$-59.4M
$-21.9M
Gross Margin
-73.6%
Operating Margin
-1166.8%
-231.0%
Net Margin
-1114.3%
-231.9%
Revenue YoY
-43.7%
-25.2%
Net Profit YoY
-92.8%
-2.9%
EPS (diluted)
$-0.85
$-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
EYPT
EYPT
VELO
VELO
Q4 25
$9.4M
Q3 25
$13.6M
Q2 25
$5.3M
$13.6M
Q1 25
$24.5M
$9.3M
Q4 24
$11.6M
$12.6M
Q3 24
$10.5M
$8.2M
Q2 24
$9.5M
$10.3M
Q1 24
$11.7M
$9.8M
Net Profit
EYPT
EYPT
VELO
VELO
Q4 25
$-21.9M
Q3 25
$-11.2M
Q2 25
$-59.4M
$-13.3M
Q1 25
$-45.2M
$-25.0M
Q4 24
$-41.4M
$-21.3M
Q3 24
$-29.4M
$-21.9M
Q2 24
$-30.8M
$935.0K
Q1 24
$-29.3M
$-27.5M
Gross Margin
EYPT
EYPT
VELO
VELO
Q4 25
-73.6%
Q3 25
3.2%
Q2 25
-11.7%
Q1 25
7.5%
Q4 24
-3.5%
Q3 24
93.0%
49.4%
Q2 24
85.2%
-28.0%
Q1 24
93.5%
-28.8%
Operating Margin
EYPT
EYPT
VELO
VELO
Q4 25
-231.0%
Q3 25
-73.3%
Q2 25
-1166.8%
-85.4%
Q1 25
-199.7%
-123.6%
Q4 24
-390.4%
-167.0%
Q3 24
-311.2%
-213.8%
Q2 24
-364.5%
-187.7%
Q1 24
-285.2%
-211.1%
Net Margin
EYPT
EYPT
VELO
VELO
Q4 25
-231.9%
Q3 25
-82.0%
Q2 25
-1114.3%
-97.7%
Q1 25
-184.8%
-268.4%
Q4 24
-357.3%
-168.5%
Q3 24
-279.0%
-265.3%
Q2 24
-325.3%
9.0%
Q1 24
-250.6%
-281.2%
EPS (diluted)
EYPT
EYPT
VELO
VELO
Q4 25
$-0.87
Q3 25
$-0.65
Q2 25
$-0.85
$-0.94
Q1 25
$-0.65
$-1.87
Q4 24
$-0.65
$7.06
Q3 24
$-0.54
$-35.52
Q2 24
$-0.58
$1.65
Q1 24
$-0.55
$-55.51

Balance Sheet & Financial Strength

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

Metric
EYPT
EYPT
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$255.7M
$39.0M
Total DebtLower is stronger
$31.0M
Stockholders' EquityBook value
$246.0M
$38.2M
Total Assets
$301.1M
$105.3M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EYPT
EYPT
VELO
VELO
Q4 25
$39.0M
Q3 25
$11.8M
Q2 25
$255.7M
$854.0K
Q1 25
$318.2M
$3.9M
Q4 24
$370.9M
$1.2M
Q3 24
$253.8M
$1.6M
Q2 24
$280.2M
$3.2M
Q1 24
$299.3M
$10.9M
Total Debt
EYPT
EYPT
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
EYPT
EYPT
VELO
VELO
Q4 25
$38.2M
Q3 25
$29.9M
Q2 25
$246.0M
$21.4M
Q1 25
$298.4M
$32.8M
Q4 24
$336.5M
$39.7M
Q3 24
$218.7M
$34.4M
Q2 24
$228.3M
$52.1M
Q1 24
$249.9M
$45.5M
Total Assets
EYPT
EYPT
VELO
VELO
Q4 25
$105.3M
Q3 25
$93.7M
Q2 25
$301.1M
$78.4M
Q1 25
$362.6M
$91.3M
Q4 24
$418.5M
$89.2M
Q3 24
$300.9M
$110.8M
Q2 24
$324.2M
$116.7M
Q1 24
$329.2M
$136.1M
Debt / Equity
EYPT
EYPT
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
EYPT
EYPT
VELO
VELO
Operating Cash FlowLast quarter
$-62.6M
$-7.7M
Free Cash FlowOCF − Capex
$-63.8M
$-8.3M
FCF MarginFCF / Revenue
-1196.5%
-88.3%
Capex IntensityCapex / Revenue
22.9%
6.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-194.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EYPT
EYPT
VELO
VELO
Q4 25
$-7.7M
Q3 25
$-6.0M
Q2 25
$-62.6M
$-1.2M
Q1 25
$-53.1M
$-12.3M
Q4 24
$-35.8M
$-2.2M
Q3 24
$-39.0M
$-2.0M
Q2 24
$-20.2M
$-8.0M
Q1 24
$-31.2M
$-20.5M
Free Cash Flow
EYPT
EYPT
VELO
VELO
Q4 25
$-8.3M
Q3 25
$-6.3M
Q2 25
$-63.8M
$-3.0M
Q1 25
$-53.4M
Q4 24
$-36.2M
$-2.2M
Q3 24
$-40.6M
$-2.0M
Q2 24
$-21.1M
$-8.0M
Q1 24
$-32.4M
$-20.5M
FCF Margin
EYPT
EYPT
VELO
VELO
Q4 25
-88.3%
Q3 25
-46.5%
Q2 25
-1196.5%
-22.2%
Q1 25
-218.4%
Q4 24
-312.7%
-17.7%
Q3 24
-385.8%
-24.2%
Q2 24
-222.4%
-77.1%
Q1 24
-277.0%
-209.8%
Capex Intensity
EYPT
EYPT
VELO
VELO
Q4 25
6.4%
Q3 25
2.3%
Q2 25
22.9%
13.3%
Q1 25
1.1%
0.0%
Q4 24
3.3%
0.2%
Q3 24
15.0%
0.2%
Q2 24
9.5%
0.0%
Q1 24
10.2%
0.1%
Cash Conversion
EYPT
EYPT
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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