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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $9.4M, roughly 1.2× Velo3D, Inc.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -231.9%, a 242.9% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -25.2%). Over the past eight quarters, Velo3D, Inc.'s revenue compounded faster (-1.8% CAGR vs -3.8%).
MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.
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.
MDV vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $9.4M |
| Net Profit | $1.2M | $-21.9M |
| Gross Margin | — | -73.6% |
| Operating Margin | 45.8% | -231.0% |
| Net Margin | 11.0% | -231.9% |
| Revenue YoY | -5.6% | -25.2% |
| Net Profit YoY | -22.0% | -2.9% |
| EPS (diluted) | $0.02 | $-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 | $11.1M | $9.4M | ||
| Q3 25 | $11.7M | $13.6M | ||
| Q2 25 | $11.8M | $13.6M | ||
| Q1 25 | $11.8M | $9.3M | ||
| Q4 24 | $11.7M | $12.6M | ||
| Q3 24 | $11.7M | $8.2M | ||
| Q2 24 | $11.4M | $10.3M | ||
| Q1 24 | $12.0M | $9.8M |
| Q4 25 | $1.2M | $-21.9M | ||
| Q3 25 | $1.0M | $-11.2M | ||
| Q2 25 | $-2.0M | $-13.3M | ||
| Q1 25 | $829.0K | $-25.0M | ||
| Q4 24 | $1.6M | $-21.3M | ||
| Q3 24 | $-587.0K | $-21.9M | ||
| Q2 24 | $1.3M | $935.0K | ||
| Q1 24 | $3.7M | $-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 | 45.8% | -231.0% | ||
| Q3 25 | 41.4% | -73.3% | ||
| Q2 25 | 9.8% | -85.4% | ||
| Q1 25 | 40.2% | -123.6% | ||
| Q4 24 | 45.4% | -167.0% | ||
| Q3 24 | 42.0% | -213.8% | ||
| Q2 24 | 44.6% | -187.7% | ||
| Q1 24 | 55.6% | -211.1% |
| Q4 25 | 11.0% | -231.9% | ||
| Q3 25 | 9.0% | -82.0% | ||
| Q2 25 | -17.1% | -97.7% | ||
| Q1 25 | 7.0% | -268.4% | ||
| Q4 24 | 13.3% | -168.5% | ||
| Q3 24 | -5.0% | -265.3% | ||
| Q2 24 | 11.6% | 9.0% | ||
| Q1 24 | 31.1% | -281.2% |
| Q4 25 | $0.02 | $-0.87 | ||
| Q3 25 | $0.00 | $-0.65 | ||
| Q2 25 | $-0.32 | $-0.94 | ||
| Q1 25 | $-0.01 | $-1.87 | ||
| Q4 24 | $0.07 | $7.06 | ||
| Q3 24 | $-0.18 | $-35.52 | ||
| Q2 24 | $0.03 | $1.65 | ||
| Q1 24 | $0.33 | $-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 | $14.4M | $39.0M |
| Total DebtLower is stronger | $261.5M | $31.0M |
| Stockholders' EquityBook value | $162.7M | $38.2M |
| Total Assets | $476.5M | $105.3M |
| Debt / EquityLower = less leverage | 1.61× | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $39.0M | ||
| Q3 25 | $8.3M | $11.8M | ||
| Q2 25 | $5.8M | $854.0K | ||
| Q1 25 | $6.2M | $3.9M | ||
| Q4 24 | $11.5M | $1.2M | ||
| Q3 24 | $6.8M | $1.6M | ||
| Q2 24 | $18.9M | $3.2M | ||
| Q1 24 | $18.4M | $10.9M |
| Q4 25 | $261.5M | $31.0M | ||
| Q3 25 | $279.7M | $23.0M | ||
| Q2 25 | $279.7M | $22.5M | ||
| Q1 25 | $279.7M | $21.7M | ||
| Q4 24 | $279.8M | $5.7M | ||
| Q3 24 | $279.7M | $32.3M | ||
| Q2 24 | $279.7M | $33.5M | ||
| Q1 24 | $279.6M | $44.0M |
| Q4 25 | $162.7M | $38.2M | ||
| Q3 25 | $164.8M | $29.9M | ||
| Q2 25 | $165.6M | $21.4M | ||
| Q1 25 | $171.1M | $32.8M | ||
| Q4 24 | $190.1M | $39.7M | ||
| Q3 24 | $186.3M | $34.4M | ||
| Q2 24 | $187.0M | $52.1M | ||
| Q1 24 | $188.0M | $45.5M |
| Q4 25 | $476.5M | $105.3M | ||
| Q3 25 | $499.6M | $93.7M | ||
| Q2 25 | $498.9M | $78.4M | ||
| Q1 25 | $506.8M | $91.3M | ||
| Q4 24 | $507.8M | $89.2M | ||
| Q3 24 | $507.4M | $110.8M | ||
| Q2 24 | $519.5M | $116.7M | ||
| Q1 24 | $522.5M | $136.1M |
| Q4 25 | 1.61× | 0.81× | ||
| Q3 25 | 1.70× | 0.77× | ||
| Q2 25 | 1.69× | 1.05× | ||
| Q1 25 | 1.63× | 0.66× | ||
| Q4 24 | 1.47× | 0.14× | ||
| Q3 24 | 1.50× | 0.94× | ||
| Q2 24 | 1.50× | 0.64× | ||
| Q1 24 | 1.49× | 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 | $15.0M | $-7.7M |
| Free Cash FlowOCF − Capex | — | $-8.3M |
| FCF MarginFCF / Revenue | — | -88.3% |
| Capex IntensityCapex / Revenue | — | 6.4% |
| Cash ConversionOCF / Net Profit | 12.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.0M | $-7.7M | ||
| Q3 25 | $4.1M | $-6.0M | ||
| Q2 25 | $3.9M | $-1.2M | ||
| Q1 25 | $3.0M | $-12.3M | ||
| Q4 24 | $18.2M | $-2.2M | ||
| Q3 24 | $5.1M | $-2.0M | ||
| Q2 24 | $4.7M | $-8.0M | ||
| Q1 24 | $3.0M | $-20.5M |
| 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 |
| 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% |
| 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% |
| Q4 25 | 12.34× | — | ||
| Q3 25 | 3.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.68× | — | ||
| Q4 24 | 11.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.55× | -8.52× | ||
| Q1 24 | 0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
