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Side-by-side financial comparison of SYNTEC OPTICS HOLDINGS, INC. (OPTX) 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 $7.5M, roughly 1.3× SYNTEC OPTICS HOLDINGS, INC.). SYNTEC OPTICS HOLDINGS, INC. runs the higher net margin — -4.6% vs -231.9%, a 227.4% gap on every dollar of revenue. On growth, SYNTEC OPTICS HOLDINGS, INC. posted the faster year-over-year revenue change (2.5% vs -25.2%). SYNTEC OPTICS HOLDINGS, INC. produced more free cash flow last quarter ($-4.4K vs $-8.3M). Over the past eight quarters, SYNTEC OPTICS HOLDINGS, INC.'s revenue compounded faster (9.5% CAGR vs -1.8%).
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.
OPTX vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.5M | $9.4M |
| Net Profit | $-343.8K | $-21.9M |
| Gross Margin | 23.6% | -73.6% |
| Operating Margin | 4.2% | -231.0% |
| Net Margin | -4.6% | -231.9% |
| Revenue YoY | 2.5% | -25.2% |
| Net Profit YoY | 77.7% | -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 | $7.5M | $9.4M | ||
| Q3 25 | $7.0M | $13.6M | ||
| Q2 25 | $6.6M | $13.6M | ||
| Q1 25 | $7.1M | $9.3M | ||
| Q4 24 | $7.3M | $12.6M | ||
| Q3 24 | $7.9M | $8.2M | ||
| Q2 24 | $7.0M | $10.3M | ||
| Q1 24 | $6.3M | $9.8M |
| Q4 25 | $-343.8K | $-21.9M | ||
| Q3 25 | $-1.4M | $-11.2M | ||
| Q2 25 | $-343.9K | $-13.3M | ||
| Q1 25 | $323.7K | $-25.0M | ||
| Q4 24 | $-1.5M | $-21.3M | ||
| Q3 24 | $-13.3K | $-21.9M | ||
| Q2 24 | $281.8K | $935.0K | ||
| Q1 24 | $-1.2M | $-27.5M |
| Q4 25 | 23.6% | -73.6% | ||
| Q3 25 | 12.3% | 3.2% | ||
| Q2 25 | 24.4% | -11.7% | ||
| Q1 25 | 32.7% | 7.5% | ||
| Q4 24 | 13.5% | -3.5% | ||
| Q3 24 | 23.3% | 49.4% | ||
| Q2 24 | 31.0% | -28.0% | ||
| Q1 24 | 11.3% | -28.8% |
| Q4 25 | 4.2% | -231.0% | ||
| Q3 25 | -17.5% | -73.3% | ||
| Q2 25 | -2.2% | -85.4% | ||
| Q1 25 | 7.5% | -123.6% | ||
| Q4 24 | -19.6% | -167.0% | ||
| Q3 24 | 1.4% | -213.8% | ||
| Q2 24 | 2.3% | -187.7% | ||
| Q1 24 | -22.5% | -211.1% |
| Q4 25 | -4.6% | -231.9% | ||
| Q3 25 | -20.6% | -82.0% | ||
| Q2 25 | -5.2% | -97.7% | ||
| Q1 25 | 4.6% | -268.4% | ||
| Q4 24 | -21.0% | -168.5% | ||
| Q3 24 | -0.2% | -265.3% | ||
| Q2 24 | 4.0% | 9.0% | ||
| Q1 24 | -19.3% | -281.2% |
| Q4 25 | $-0.01 | $-0.87 | ||
| Q3 25 | $-0.04 | $-0.65 | ||
| Q2 25 | $-0.01 | $-0.94 | ||
| Q1 25 | $0.01 | $-1.87 | ||
| Q4 24 | $-0.05 | $7.06 | ||
| Q3 24 | $0.00 | $-35.52 | ||
| Q2 24 | $0.01 | $1.65 | ||
| Q1 24 | $-0.03 | $-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 | — | $39.0M |
| Total DebtLower is stronger | $2.6M | $31.0M |
| Stockholders' EquityBook value | $9.5M | $38.2M |
| Total Assets | $24.3M | $105.3M |
| Debt / EquityLower = less leverage | 0.28× | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.0M | ||
| Q3 25 | — | $11.8M | ||
| Q2 25 | — | $854.0K | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $10.9M |
| Q4 25 | $2.6M | $31.0M | ||
| Q3 25 | $2.7M | $23.0M | ||
| Q2 25 | $2.9M | $22.5M | ||
| Q1 25 | $3.0M | $21.7M | ||
| Q4 24 | $3.1M | $5.7M | ||
| Q3 24 | $3.2M | $32.3M | ||
| Q2 24 | $2.8M | $33.5M | ||
| Q1 24 | $3.0M | $44.0M |
| Q4 25 | $9.5M | $38.2M | ||
| Q3 25 | $9.8M | $29.9M | ||
| Q2 25 | $11.0M | $21.4M | ||
| Q1 25 | $11.4M | $32.8M | ||
| Q4 24 | $11.0M | $39.7M | ||
| Q3 24 | $12.1M | $34.4M | ||
| Q2 24 | $12.1M | $52.1M | ||
| Q1 24 | $11.9M | $45.5M |
| Q4 25 | $24.3M | $105.3M | ||
| Q3 25 | $24.6M | $93.7M | ||
| Q2 25 | $25.3M | $78.4M | ||
| Q1 25 | $26.3M | $91.3M | ||
| Q4 24 | $26.0M | $89.2M | ||
| Q3 24 | $27.3M | $110.8M | ||
| Q2 24 | $25.8M | $116.7M | ||
| Q1 24 | $24.6M | $136.1M |
| Q4 25 | 0.28× | 0.81× | ||
| Q3 25 | 0.28× | 0.77× | ||
| Q2 25 | 0.26× | 1.05× | ||
| Q1 25 | 0.26× | 0.66× | ||
| Q4 24 | 0.28× | 0.14× | ||
| Q3 24 | 0.26× | 0.94× | ||
| Q2 24 | 0.23× | 0.64× | ||
| Q1 24 | 0.25× | 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 | $-3.9K | $-7.7M |
| Free Cash FlowOCF − Capex | $-4.4K | $-8.3M |
| FCF MarginFCF / Revenue | -0.1% | -88.3% |
| Capex IntensityCapex / Revenue | 0.0% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $28.3K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.9K | $-7.7M | ||
| Q3 25 | $535.3K | $-6.0M | ||
| Q2 25 | $-158.0K | $-1.2M | ||
| Q1 25 | $299.3K | $-12.3M | ||
| Q4 24 | $623.8K | $-2.2M | ||
| Q3 24 | $417.3K | $-2.0M | ||
| Q2 24 | $-1.7M | $-8.0M | ||
| Q1 24 | $-289.8K | $-20.5M |
| Q4 25 | $-4.4K | $-8.3M | ||
| Q3 25 | $496.3K | $-6.3M | ||
| Q2 25 | $-548.1K | $-3.0M | ||
| Q1 25 | $84.6K | — | ||
| Q4 24 | $12.1K | $-2.2M | ||
| Q3 24 | $43.8K | $-2.0M | ||
| Q2 24 | $-1.9M | $-8.0M | ||
| Q1 24 | $-385.1K | $-20.5M |
| Q4 25 | -0.1% | -88.3% | ||
| Q3 25 | 7.1% | -46.5% | ||
| Q2 25 | -8.4% | -22.2% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 0.2% | -17.7% | ||
| Q3 24 | 0.6% | -24.2% | ||
| Q2 24 | -26.5% | -77.1% | ||
| Q1 24 | -6.2% | -209.8% |
| Q4 25 | 0.0% | 6.4% | ||
| Q3 25 | 0.6% | 2.3% | ||
| Q2 25 | 5.9% | 13.3% | ||
| Q1 25 | 3.0% | 0.0% | ||
| Q4 24 | 8.4% | 0.2% | ||
| Q3 24 | 4.7% | 0.2% | ||
| Q2 24 | 2.3% | 0.0% | ||
| Q1 24 | 1.5% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -6.01× | -8.52× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
