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Side-by-side financial comparison of Navitas Semiconductor Corp (NVTS) 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 $7.3M, roughly 1.3× Navitas Semiconductor Corp). Velo3D, Inc. runs the higher net margin — -231.9% vs -436.1%, a 204.1% gap on every dollar of revenue. On growth, Velo3D, Inc. posted the faster year-over-year revenue change (-25.2% vs -59.4%). Navitas Semiconductor Corp produced more free cash flow last quarter ($-8.2M vs $-8.3M). Over the past eight quarters, Velo3D, Inc.'s revenue compounded faster (-1.8% CAGR vs -43.9%).
Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.
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.
NVTS vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.3M | $9.4M |
| Net Profit | $-31.8M | $-21.9M |
| Gross Margin | 38.1% | -73.6% |
| Operating Margin | -567.3% | -231.0% |
| Net Margin | -436.1% | -231.9% |
| Revenue YoY | -59.4% | -25.2% |
| Net Profit YoY | 20.2% | -2.9% |
| EPS (diluted) | $-0.14 | $-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 | $7.3M | $9.4M | ||
| Q3 25 | $10.1M | $13.6M | ||
| Q2 25 | $14.5M | $13.6M | ||
| Q1 25 | $14.0M | $9.3M | ||
| Q4 24 | $18.0M | $12.6M | ||
| Q3 24 | $21.7M | $8.2M | ||
| Q2 24 | $20.5M | $10.3M | ||
| Q1 24 | $23.2M | $9.8M |
| Q4 25 | $-31.8M | $-21.9M | ||
| Q3 25 | $-19.2M | $-11.2M | ||
| Q2 25 | $-49.1M | $-13.3M | ||
| Q1 25 | $-16.8M | $-25.0M | ||
| Q4 24 | $-39.9M | $-21.3M | ||
| Q3 24 | $-18.7M | $-21.9M | ||
| Q2 24 | $-22.3M | $935.0K | ||
| Q1 24 | $-3.7M | $-27.5M |
| Q4 25 | 38.1% | -73.6% | ||
| Q3 25 | 37.9% | 3.2% | ||
| Q2 25 | 16.1% | -11.7% | ||
| Q1 25 | 37.9% | 7.5% | ||
| Q4 24 | 12.4% | -3.5% | ||
| Q3 24 | 39.7% | 49.4% | ||
| Q2 24 | 39.0% | -28.0% | ||
| Q1 24 | 41.1% | -28.8% |
| Q4 25 | -567.3% | -231.0% | ||
| Q3 25 | -192.0% | -73.3% | ||
| Q2 25 | -149.4% | -85.4% | ||
| Q1 25 | -180.5% | -123.6% | ||
| Q4 24 | -216.9% | -167.0% | ||
| Q3 24 | -133.6% | -213.8% | ||
| Q2 24 | -152.1% | -187.7% | ||
| Q1 24 | -136.2% | -211.1% |
| Q4 25 | -436.1% | -231.9% | ||
| Q3 25 | -190.2% | -82.0% | ||
| Q2 25 | -338.7% | -97.7% | ||
| Q1 25 | -120.1% | -268.4% | ||
| Q4 24 | -221.7% | -168.5% | ||
| Q3 24 | -86.4% | -265.3% | ||
| Q2 24 | -109.1% | 9.0% | ||
| Q1 24 | -15.9% | -281.2% |
| Q4 25 | $-0.14 | $-0.87 | ||
| Q3 25 | $-0.09 | $-0.65 | ||
| Q2 25 | $-0.25 | $-0.94 | ||
| Q1 25 | $-0.09 | $-1.87 | ||
| Q4 24 | $-0.22 | $7.06 | ||
| Q3 24 | $-0.10 | $-35.52 | ||
| Q2 24 | $-0.12 | $1.65 | ||
| Q1 24 | $-0.02 | $-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 | $236.9M | $39.0M |
| Total DebtLower is stronger | — | $31.0M |
| Stockholders' EquityBook value | $443.7M | $38.2M |
| Total Assets | $500.5M | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.9M | $39.0M | ||
| Q3 25 | $150.6M | $11.8M | ||
| Q2 25 | $161.2M | $854.0K | ||
| Q1 25 | $75.1M | $3.9M | ||
| Q4 24 | $86.7M | $1.2M | ||
| Q3 24 | $98.3M | $1.6M | ||
| Q2 24 | $111.7M | $3.2M | ||
| Q1 24 | $128.9M | $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 | $443.7M | $38.2M | ||
| Q3 25 | $371.0M | $29.9M | ||
| Q2 25 | $388.9M | $21.4M | ||
| Q1 25 | $341.8M | $32.8M | ||
| Q4 24 | $348.0M | $39.7M | ||
| Q3 24 | $380.8M | $34.4M | ||
| Q2 24 | $388.1M | $52.1M | ||
| Q1 24 | $397.9M | $45.5M |
| Q4 25 | $500.5M | $105.3M | ||
| Q3 25 | $430.2M | $93.7M | ||
| Q2 25 | $449.4M | $78.4M | ||
| Q1 25 | $370.8M | $91.3M | ||
| Q4 24 | $390.0M | $89.2M | ||
| Q3 24 | $419.4M | $110.8M | ||
| Q2 24 | $439.1M | $116.7M | ||
| Q1 24 | $467.9M | $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 | $-8.1M | $-7.7M |
| Free Cash FlowOCF − Capex | $-8.2M | $-8.3M |
| FCF MarginFCF / Revenue | -111.8% | -88.3% |
| Capex IntensityCapex / Revenue | 0.7% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-44.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.1M | $-7.7M | ||
| Q3 25 | $-10.0M | $-6.0M | ||
| Q2 25 | $-11.2M | $-1.2M | ||
| Q1 25 | $-13.5M | $-12.3M | ||
| Q4 24 | $-10.2M | $-2.2M | ||
| Q3 24 | $-13.7M | $-2.0M | ||
| Q2 24 | $-15.1M | $-8.0M | ||
| Q1 24 | $-19.8M | $-20.5M |
| Q4 25 | $-8.2M | $-8.3M | ||
| Q3 25 | $-10.7M | $-6.3M | ||
| Q2 25 | $-11.9M | $-3.0M | ||
| Q1 25 | $-13.6M | — | ||
| Q4 24 | $-10.8M | $-2.2M | ||
| Q3 24 | $-14.3M | $-2.0M | ||
| Q2 24 | $-17.9M | $-8.0M | ||
| Q1 24 | $-22.7M | $-20.5M |
| Q4 25 | -111.8% | -88.3% | ||
| Q3 25 | -106.1% | -46.5% | ||
| Q2 25 | -82.2% | -22.2% | ||
| Q1 25 | -96.8% | — | ||
| Q4 24 | -59.8% | -17.7% | ||
| Q3 24 | -65.9% | -24.2% | ||
| Q2 24 | -87.3% | -77.1% | ||
| Q1 24 | -97.9% | -209.8% |
| Q4 25 | 0.7% | 6.4% | ||
| Q3 25 | 7.0% | 2.3% | ||
| Q2 25 | 4.7% | 13.3% | ||
| Q1 25 | 0.3% | 0.0% | ||
| Q4 24 | 3.1% | 0.2% | ||
| Q3 24 | 2.6% | 0.2% | ||
| Q2 24 | 13.4% | 0.0% | ||
| Q1 24 | 12.5% | 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.
