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Side-by-side financial comparison of Hyperfine, Inc. (HYPR) 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 $5.3M, roughly 1.8× Hyperfine, Inc.). Hyperfine, Inc. runs the higher net margin — -111.7% vs -231.9%, a 120.2% gap on every dollar of revenue. On growth, Hyperfine, Inc. posted the faster year-over-year revenue change (128.0% vs -25.2%). Hyperfine, Inc. produced more free cash flow last quarter ($-5.3M vs $-8.3M). Over the past eight quarters, Hyperfine, Inc.'s revenue compounded faster (26.7% CAGR vs -1.8%).
Hyperfine, Inc. develops and commercializes innovative portable low-field magnetic resonance imaging (MRI) systems for medical diagnostic use. Its solutions deliver accessible, cost-effective imaging for healthcare providers across acute care, rural clinics, pediatric care, and other underserved clinical settings worldwide.
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.
HYPR vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3M | $9.4M |
| Net Profit | $-5.9M | $-21.9M |
| Gross Margin | 50.9% | -73.6% |
| Operating Margin | -144.9% | -231.0% |
| Net Margin | -111.7% | -231.9% |
| Revenue YoY | 128.0% | -25.2% |
| Net Profit YoY | 43.1% | -2.9% |
| EPS (diluted) | $-0.05 | $-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 | $5.3M | $9.4M | ||
| Q3 25 | $3.4M | $13.6M | ||
| Q2 25 | $2.7M | $13.6M | ||
| Q1 25 | $2.1M | $9.3M | ||
| Q4 24 | $2.3M | $12.6M | ||
| Q3 24 | $3.6M | $8.2M | ||
| Q2 24 | $3.6M | $10.3M | ||
| Q1 24 | $3.3M | $9.8M |
| Q4 25 | $-5.9M | $-21.9M | ||
| Q3 25 | $-11.0M | $-11.2M | ||
| Q2 25 | $-9.2M | $-13.3M | ||
| Q1 25 | $-9.4M | $-25.0M | ||
| Q4 24 | $-10.4M | $-21.3M | ||
| Q3 24 | $-10.3M | $-21.9M | ||
| Q2 24 | $-10.2M | $935.0K | ||
| Q1 24 | $-9.8M | $-27.5M |
| Q4 25 | 50.9% | -73.6% | ||
| Q3 25 | 53.8% | 3.2% | ||
| Q2 25 | 49.3% | -11.7% | ||
| Q1 25 | 41.3% | 7.5% | ||
| Q4 24 | 35.6% | -3.5% | ||
| Q3 24 | 52.4% | 49.4% | ||
| Q2 24 | 49.7% | -28.0% | ||
| Q1 24 | 41.1% | -28.8% |
| Q4 25 | -144.9% | -231.0% | ||
| Q3 25 | -259.5% | -73.3% | ||
| Q2 25 | -355.9% | -85.4% | ||
| Q1 25 | -510.2% | -123.6% | ||
| Q4 24 | -463.8% | -167.0% | ||
| Q3 24 | -300.9% | -213.8% | ||
| Q2 24 | -298.7% | -187.7% | ||
| Q1 24 | -323.2% | -211.1% |
| Q4 25 | -111.7% | -231.9% | ||
| Q3 25 | -320.6% | -82.0% | ||
| Q2 25 | -342.2% | -97.7% | ||
| Q1 25 | -440.7% | -268.4% | ||
| Q4 24 | -447.7% | -168.5% | ||
| Q3 24 | -283.4% | -265.3% | ||
| Q2 24 | -279.7% | 9.0% | ||
| Q1 24 | -298.9% | -281.2% |
| Q4 25 | $-0.05 | $-0.87 | ||
| Q3 25 | $-0.14 | $-0.65 | ||
| Q2 25 | $-0.12 | $-0.94 | ||
| Q1 25 | $-0.12 | $-1.87 | ||
| Q4 24 | $-0.14 | $7.06 | ||
| Q3 24 | $-0.14 | $-35.52 | ||
| Q2 24 | $-0.14 | $1.65 | ||
| Q1 24 | $-0.14 | $-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 | $35.1M | $39.0M |
| Total DebtLower is stronger | — | $31.0M |
| Stockholders' EquityBook value | $41.0M | $38.2M |
| Total Assets | $55.3M | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.1M | $39.0M | ||
| Q3 25 | $21.6M | $11.8M | ||
| Q2 25 | $25.4M | $854.0K | ||
| Q1 25 | $33.1M | $3.9M | ||
| Q4 24 | $37.6M | $1.2M | ||
| Q3 24 | $45.8M | $1.6M | ||
| Q2 24 | $53.8M | $3.2M | ||
| Q1 24 | $63.2M | $10.9M |
| 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 |
| Q4 25 | $41.0M | $38.2M | ||
| Q3 25 | $26.9M | $29.9M | ||
| Q2 25 | $35.1M | $21.4M | ||
| Q1 25 | $43.1M | $32.8M | ||
| Q4 24 | $49.0M | $39.7M | ||
| Q3 24 | $58.3M | $34.4M | ||
| Q2 24 | $66.8M | $52.1M | ||
| Q1 24 | $75.6M | $45.5M |
| Q4 25 | $55.3M | $105.3M | ||
| Q3 25 | $41.5M | $93.7M | ||
| Q2 25 | $45.2M | $78.4M | ||
| Q1 25 | $53.4M | $91.3M | ||
| Q4 24 | $58.9M | $89.2M | ||
| Q3 24 | $69.4M | $110.8M | ||
| Q2 24 | $76.6M | $116.7M | ||
| Q1 24 | $85.4M | $136.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-5.2M | $-7.7M |
| Free Cash FlowOCF − Capex | $-5.3M | $-8.3M |
| FCF MarginFCF / Revenue | -99.6% | -88.3% |
| Capex IntensityCapex / Revenue | 1.2% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.2M | $-7.7M | ||
| Q3 25 | $-5.6M | $-6.0M | ||
| Q2 25 | $-7.9M | $-1.2M | ||
| Q1 25 | $-9.2M | $-12.3M | ||
| Q4 24 | $-8.4M | $-2.2M | ||
| Q3 24 | $-8.5M | $-2.0M | ||
| Q2 24 | $-9.4M | $-8.0M | ||
| Q1 24 | $-12.5M | $-20.5M |
| Q4 25 | $-5.3M | $-8.3M | ||
| Q3 25 | $-5.7M | $-6.3M | ||
| Q2 25 | $-8.4M | $-3.0M | ||
| Q1 25 | $-9.7M | — | ||
| Q4 24 | $-8.4M | $-2.2M | ||
| Q3 24 | $-8.7M | $-2.0M | ||
| Q2 24 | $-9.5M | $-8.0M | ||
| Q1 24 | $-12.7M | $-20.5M |
| Q4 25 | -99.6% | -88.3% | ||
| Q3 25 | -166.2% | -46.5% | ||
| Q2 25 | -312.7% | -22.2% | ||
| Q1 25 | -454.9% | — | ||
| Q4 24 | -360.4% | -17.7% | ||
| Q3 24 | -238.2% | -24.2% | ||
| Q2 24 | -260.4% | -77.1% | ||
| Q1 24 | -384.1% | -209.8% |
| Q4 25 | 1.2% | 6.4% | ||
| Q3 25 | 3.8% | 2.3% | ||
| Q2 25 | 19.3% | 13.3% | ||
| Q1 25 | 22.1% | 0.0% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 4.4% | 0.2% | ||
| Q2 24 | 2.0% | 0.0% | ||
| Q1 24 | 4.4% | 0.1% |
| 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.
Revenue Breakdown by Segment
HYPR
| Products | $4.9M | 92% |
| Other | $436.0K | 8% |
VELO
Segment breakdown not available.
