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Side-by-side financial comparison of REED'S, INC. (REED) 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 $7.5M, roughly 1.3× REED'S, INC.). REED'S, INC. runs the higher net margin — -50.5% vs -231.9%, a 181.4% gap on every dollar of revenue. On growth, REED'S, INC. posted the faster year-over-year revenue change (-23.1% vs -25.2%). REED'S, INC. produced more free cash flow last quarter ($-3.9M vs $-8.3M). Over the past eight quarters, Velo3D, Inc.'s revenue compounded faster (-1.8% CAGR vs -11.7%).
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
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.
REED vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.5M | $9.4M |
| Net Profit | $-3.8M | $-21.9M |
| Gross Margin | 20.4% | -73.6% |
| Operating Margin | -46.9% | -231.0% |
| Net Margin | -50.5% | -231.9% |
| Revenue YoY | -23.1% | -25.2% |
| Net Profit YoY | 8.2% | -2.9% |
| EPS (diluted) | $-1.26 | $-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 | $9.5M | $13.6M | ||
| Q1 25 | $10.0M | $9.3M | ||
| Q4 24 | $9.7M | $12.6M | ||
| Q3 24 | $6.8M | $8.2M | ||
| Q2 24 | $11.9M | $10.3M | ||
| Q1 24 | $9.6M | $9.8M |
| Q4 25 | $-3.8M | $-21.9M | ||
| Q3 25 | $-4.0M | $-11.2M | ||
| Q2 25 | $-6.0M | $-13.3M | ||
| Q1 25 | $-2.0M | $-25.0M | ||
| Q4 24 | $-4.1M | $-21.3M | ||
| Q3 24 | $-4.2M | $-21.9M | ||
| Q2 24 | $-3.2M | $935.0K | ||
| Q1 24 | $-1.7M | $-27.5M |
| Q4 25 | 20.4% | -73.6% | ||
| Q3 25 | 17.4% | 3.2% | ||
| Q2 25 | 8.5% | -11.7% | ||
| Q1 25 | 33.9% | 7.5% | ||
| Q4 24 | 30.0% | -3.5% | ||
| Q3 24 | 18.0% | 49.4% | ||
| Q2 24 | 32.3% | -28.0% | ||
| Q1 24 | 35.6% | -28.8% |
| Q4 25 | -46.9% | -231.0% | ||
| Q3 25 | -58.3% | -73.3% | ||
| Q2 25 | -60.8% | -85.4% | ||
| Q1 25 | -17.4% | -123.6% | ||
| Q4 24 | -37.6% | -167.0% | ||
| Q3 24 | -46.5% | -213.8% | ||
| Q2 24 | -5.6% | -187.7% | ||
| Q1 24 | -6.8% | -211.1% |
| Q4 25 | -50.5% | -231.9% | ||
| Q3 25 | -56.6% | -82.0% | ||
| Q2 25 | -63.5% | -97.7% | ||
| Q1 25 | -20.3% | -268.4% | ||
| Q4 24 | -42.3% | -168.5% | ||
| Q3 24 | -61.5% | -265.3% | ||
| Q2 24 | -27.1% | 9.0% | ||
| Q1 24 | -17.4% | -281.2% |
| Q4 25 | $-1.26 | $-0.87 | ||
| Q3 25 | $-0.48 | $-0.65 | ||
| Q2 25 | $-0.13 | $-0.94 | ||
| Q1 25 | $-0.04 | $-1.87 | ||
| Q4 24 | $-3.73 | $7.06 | ||
| Q3 24 | $-4.91 | $-35.52 | ||
| Q2 24 | $-0.77 | $1.65 | ||
| Q1 24 | $-0.40 | $-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 | — | $31.0M |
| Stockholders' EquityBook value | $9.2M | $38.2M |
| Total Assets | $23.3M | $105.3M |
| Debt / EquityLower = less leverage | — | 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 | — | $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 | $9.2M | $38.2M | ||
| Q3 25 | $2.8M | $29.9M | ||
| Q2 25 | $1.7M | $21.4M | ||
| Q1 25 | $4.7M | $32.8M | ||
| Q4 24 | $6.6M | $39.7M | ||
| Q3 24 | $-22.0M | $34.4M | ||
| Q2 24 | $-23.8M | $52.1M | ||
| Q1 24 | $-20.7M | $45.5M |
| Q4 25 | $23.3M | $105.3M | ||
| Q3 25 | $19.9M | $93.7M | ||
| Q2 25 | $23.7M | $78.4M | ||
| Q1 25 | $24.5M | $91.3M | ||
| Q4 24 | $25.1M | $89.2M | ||
| Q3 24 | $15.0M | $110.8M | ||
| Q2 24 | $18.7M | $116.7M | ||
| Q1 24 | $19.3M | $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 | $-3.8M | $-7.7M |
| Free Cash FlowOCF − Capex | $-3.9M | $-8.3M |
| FCF MarginFCF / Revenue | -52.0% | -88.3% |
| Capex IntensityCapex / Revenue | 1.1% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.8M | $-7.7M | ||
| Q3 25 | $-2.8M | $-6.0M | ||
| Q2 25 | $-5.0M | $-1.2M | ||
| Q1 25 | $-5.4M | $-12.3M | ||
| Q4 24 | $-3.9M | $-2.2M | ||
| Q3 24 | $1.1M | $-2.0M | ||
| Q2 24 | $-912.0K | $-8.0M | ||
| Q1 24 | $-2.4M | $-20.5M |
| Q4 25 | $-3.9M | $-8.3M | ||
| Q3 25 | $-2.9M | $-6.3M | ||
| Q2 25 | $-5.1M | $-3.0M | ||
| Q1 25 | $-5.4M | — | ||
| Q4 24 | $-4.0M | $-2.2M | ||
| Q3 24 | $1.0M | $-2.0M | ||
| Q2 24 | $-924.0K | $-8.0M | ||
| Q1 24 | $-2.4M | $-20.5M |
| Q4 25 | -52.0% | -88.3% | ||
| Q3 25 | -41.5% | -46.5% | ||
| Q2 25 | -53.2% | -22.2% | ||
| Q1 25 | -54.2% | — | ||
| Q4 24 | -40.8% | -17.7% | ||
| Q3 24 | 15.3% | -24.2% | ||
| Q2 24 | -7.8% | -77.1% | ||
| Q1 24 | -25.1% | -209.8% |
| Q4 25 | 1.1% | 6.4% | ||
| Q3 25 | 1.4% | 2.3% | ||
| Q2 25 | 0.2% | 13.3% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 1.0% | 0.2% | ||
| Q3 24 | 0.3% | 0.2% | ||
| Q2 24 | 0.1% | 0.0% | ||
| Q1 24 | 0.2% | 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.
