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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) 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 $6.6M, roughly 1.4× Falcon's Beyond Global, Inc.). Falcon's Beyond Global, Inc. runs the higher net margin — -4.5% vs -231.9%, a 227.4% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs -25.2%). Falcon's Beyond Global, Inc. produced more free cash flow last quarter ($-4.3M vs $-8.3M). Over the past eight quarters, Falcon's Beyond Global, Inc.'s revenue compounded faster (108.4% CAGR vs -1.8%).
500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.
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.
FBYD vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $9.4M |
| Net Profit | $-296.0K | $-21.9M |
| Gross Margin | — | -73.6% |
| Operating Margin | -30.9% | -231.0% |
| Net Margin | -4.5% | -231.9% |
| Revenue YoY | 383.5% | -25.2% |
| Net Profit YoY | 97.5% | -2.9% |
| EPS (diluted) | $-0.01 | $-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.
| Q4 25 | $6.6M | $9.4M | ||
| Q3 25 | $4.1M | $13.6M | ||
| Q2 25 | $2.5M | $13.6M | ||
| Q1 25 | $1.7M | $9.3M | ||
| Q4 24 | $1.4M | $12.6M | ||
| Q3 24 | $2.1M | $8.2M | ||
| Q2 24 | $1.8M | $10.3M | ||
| Q1 24 | $1.5M | $9.8M |
| Q4 25 | $-296.0K | $-21.9M | ||
| Q3 25 | $-10.4M | $-11.2M | ||
| Q2 25 | $25.1M | $-13.3M | ||
| Q1 25 | $-8.1M | $-25.0M | ||
| Q4 24 | $-11.9M | $-21.3M | ||
| Q3 24 | $39.3M | $-21.9M | ||
| Q2 24 | $8.0M | $935.0K | ||
| Q1 24 | $114.0M | $-27.5M |
| 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% |
| Q4 25 | -30.9% | -231.0% | ||
| Q3 25 | -90.9% | -73.3% | ||
| Q2 25 | -53.0% | -85.4% | ||
| Q1 25 | -371.1% | -123.6% | ||
| Q4 24 | -335.6% | -167.0% | ||
| Q3 24 | -118.9% | -213.8% | ||
| Q2 24 | -195.9% | -187.7% | ||
| Q1 24 | -350.5% | -211.1% |
| Q4 25 | -4.5% | -231.9% | ||
| Q3 25 | -256.8% | -82.0% | ||
| Q2 25 | 985.2% | -97.7% | ||
| Q1 25 | -473.8% | -268.4% | ||
| Q4 24 | -871.7% | -168.5% | ||
| Q3 24 | 1899.5% | -265.3% | ||
| Q2 24 | 446.5% | 9.0% | ||
| Q1 24 | 7521.4% | -281.2% |
| Q4 25 | $-0.01 | $-0.87 | ||
| Q3 25 | $-0.13 | $-0.65 | ||
| Q2 25 | $0.30 | $-0.94 | ||
| Q1 25 | $-0.13 | $-1.87 | ||
| Q4 24 | $-0.25 | $7.06 | ||
| Q3 24 | $0.39 | $-35.52 | ||
| Q2 24 | $0.00 | $1.65 | ||
| Q1 24 | $1.27 | $-55.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9M | $39.0M |
| Total DebtLower is stronger | $15.6M | $31.0M |
| Stockholders' EquityBook value | $11.9M | $38.2M |
| Total Assets | $66.7M | $105.3M |
| Debt / EquityLower = less leverage | 1.31× | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $39.0M | ||
| Q3 25 | $4.3M | $11.8M | ||
| Q2 25 | $26.1M | $854.0K | ||
| Q1 25 | $1.1M | $3.9M | ||
| Q4 24 | $825.0K | $1.2M | ||
| Q3 24 | $828.0K | $1.6M | ||
| Q2 24 | $1.7M | $3.2M | ||
| Q1 24 | $1.1M | $10.9M |
| Q4 25 | $15.6M | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | $41.2M | $5.7M | ||
| Q3 24 | $10.3M | $32.3M | ||
| Q2 24 | $15.7M | $33.5M | ||
| Q1 24 | $15.1M | $44.0M |
| Q4 25 | $11.9M | $38.2M | ||
| Q3 25 | $9.2M | $29.9M | ||
| Q2 25 | $414.0K | $21.4M | ||
| Q1 25 | $-11.6M | $32.8M | ||
| Q4 24 | $-9.0M | $39.7M | ||
| Q3 24 | $-1.4M | $34.4M | ||
| Q2 24 | $-44.7M | $52.1M | ||
| Q1 24 | $-61.7M | $45.5M |
| Q4 25 | $66.7M | $105.3M | ||
| Q3 25 | $66.8M | $93.7M | ||
| Q2 25 | $89.2M | $78.4M | ||
| Q1 25 | $56.7M | $91.3M | ||
| Q4 24 | $61.2M | $89.2M | ||
| Q3 24 | $66.5M | $110.8M | ||
| Q2 24 | $65.9M | $116.7M | ||
| Q1 24 | $67.8M | $136.1M |
| Q4 25 | 1.31× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.3M | $-7.7M |
| Free Cash FlowOCF − Capex | $-4.3M | $-8.3M |
| FCF MarginFCF / Revenue | -66.0% | -88.3% |
| Capex IntensityCapex / Revenue | 0.3% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.3M | $-7.7M | ||
| Q3 25 | $-13.3M | $-6.0M | ||
| Q2 25 | $-7.9M | $-1.2M | ||
| Q1 25 | $945.0K | $-12.3M | ||
| Q4 24 | $-3.8M | $-2.2M | ||
| Q3 24 | $-2.4M | $-2.0M | ||
| Q2 24 | $-2.6M | $-8.0M | ||
| Q1 24 | $-3.8M | $-20.5M |
| Q4 25 | $-4.3M | $-8.3M | ||
| Q3 25 | $-13.4M | $-6.3M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | $853.0K | — | ||
| Q4 24 | $-3.8M | $-2.2M | ||
| Q3 24 | $-2.4M | $-2.0M | ||
| Q2 24 | $-2.6M | $-8.0M | ||
| Q1 24 | $-3.8M | $-20.5M |
| Q4 25 | -66.0% | -88.3% | ||
| Q3 25 | -329.6% | -46.5% | ||
| Q2 25 | — | -22.2% | ||
| Q1 25 | 49.9% | — | ||
| Q4 24 | -278.7% | -17.7% | ||
| Q3 24 | -114.9% | -24.2% | ||
| Q2 24 | -145.6% | -77.1% | ||
| Q1 24 | -248.8% | -209.8% |
| Q4 25 | 0.3% | 6.4% | ||
| Q3 25 | 1.0% | 2.3% | ||
| Q2 25 | 0.0% | 13.3% | ||
| Q1 25 | 5.4% | 0.0% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.1% | 0.0% | ||
| Q1 24 | 0.3% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.06× | — | ||
| Q2 24 | -0.33× | -8.52× | ||
| Q1 24 | -0.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
