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

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $9.4M, roughly 1.4× Velo3D, Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -231.9%, a 218.8% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -25.2%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -1.8%).

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

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.

LSF vs VELO — Head-to-Head

Bigger by revenue
LSF
LSF
1.4× larger
LSF
$13.3M
$9.4M
VELO
Growing faster (revenue YoY)
LSF
LSF
+40.2% gap
LSF
15.0%
-25.2%
VELO
Higher net margin
LSF
LSF
218.8% more per $
LSF
-13.2%
-231.9%
VELO
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
-1.8%
VELO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
VELO
VELO
Revenue
$13.3M
$9.4M
Net Profit
$-1.8M
$-21.9M
Gross Margin
34.1%
-73.6%
Operating Margin
-13.5%
-231.0%
Net Margin
-13.2%
-231.9%
Revenue YoY
15.0%
-25.2%
Net Profit YoY
-341.4%
-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
LSF
LSF
VELO
VELO
Q4 25
$13.3M
$9.4M
Q3 25
$12.9M
$13.6M
Q2 25
$12.0M
$13.6M
Q1 25
$11.7M
$9.3M
Q4 24
$11.6M
$12.6M
Q3 24
$11.8M
$8.2M
Q2 24
$10.0M
$10.3M
Q1 24
$9.9M
$9.8M
Net Profit
LSF
LSF
VELO
VELO
Q4 25
$-1.8M
$-21.9M
Q3 25
$-975.1K
$-11.2M
Q2 25
$-362.2K
$-13.3M
Q1 25
$-156.2K
$-25.0M
Q4 24
$-398.4K
$-21.3M
Q3 24
$-166.1K
$-21.9M
Q2 24
$-239.1K
$935.0K
Q1 24
$-1.0M
$-27.5M
Gross Margin
LSF
LSF
VELO
VELO
Q4 25
34.1%
-73.6%
Q3 25
36.5%
3.2%
Q2 25
39.9%
-11.7%
Q1 25
41.9%
7.5%
Q4 24
38.6%
-3.5%
Q3 24
43.0%
49.4%
Q2 24
41.8%
-28.0%
Q1 24
40.0%
-28.8%
Operating Margin
LSF
LSF
VELO
VELO
Q4 25
-13.5%
-231.0%
Q3 25
-7.7%
-73.3%
Q2 25
-3.3%
-85.4%
Q1 25
-1.9%
-123.6%
Q4 24
-4.1%
-167.0%
Q3 24
-2.3%
-213.8%
Q2 24
-3.4%
-187.7%
Q1 24
-11.0%
-211.1%
Net Margin
LSF
LSF
VELO
VELO
Q4 25
-13.2%
-231.9%
Q3 25
-7.6%
-82.0%
Q2 25
-3.0%
-97.7%
Q1 25
-1.3%
-268.4%
Q4 24
-3.4%
-168.5%
Q3 24
-1.4%
-265.3%
Q2 24
-2.4%
9.0%
Q1 24
-10.3%
-281.2%
EPS (diluted)
LSF
LSF
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
LSF
LSF
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$5.1M
$39.0M
Total DebtLower is stronger
$31.0M
Stockholders' EquityBook value
$11.5M
$38.2M
Total Assets
$19.2M
$105.3M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
VELO
VELO
Q4 25
$5.1M
$39.0M
Q3 25
$5.1M
$11.8M
Q2 25
$3.9M
$854.0K
Q1 25
$7.0M
$3.9M
Q4 24
$8.3M
$1.2M
Q3 24
$7.9M
$1.6M
Q2 24
$7.6M
$3.2M
Q1 24
$7.1M
$10.9M
Total Debt
LSF
LSF
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
LSF
LSF
VELO
VELO
Q4 25
$11.5M
$38.2M
Q3 25
$12.8M
$29.9M
Q2 25
$13.4M
$21.4M
Q1 25
$13.3M
$32.8M
Q4 24
$13.2M
$39.7M
Q3 24
$13.1M
$34.4M
Q2 24
$12.6M
$52.1M
Q1 24
$12.7M
$45.5M
Total Assets
LSF
LSF
VELO
VELO
Q4 25
$19.2M
$105.3M
Q3 25
$18.9M
$93.7M
Q2 25
$20.4M
$78.4M
Q1 25
$21.5M
$91.3M
Q4 24
$19.3M
$89.2M
Q3 24
$18.8M
$110.8M
Q2 24
$18.0M
$116.7M
Q1 24
$17.6M
$136.1M
Debt / Equity
LSF
LSF
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
LSF
LSF
VELO
VELO
Operating Cash FlowLast quarter
$68.4K
$-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
LSF
LSF
VELO
VELO
Q4 25
$68.4K
$-7.7M
Q3 25
$1.2M
$-6.0M
Q2 25
$-2.8M
$-1.2M
Q1 25
$-1.3M
$-12.3M
Q4 24
$339.2K
$-2.2M
Q3 24
$305.8K
$-2.0M
Q2 24
$642.7K
$-8.0M
Q1 24
$-422.3K
$-20.5M
Free Cash Flow
LSF
LSF
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
LSF
LSF
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
LSF
LSF
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
LSF
LSF
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.

Revenue Breakdown by Segment

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

VELO
VELO

Segment breakdown not available.

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