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Side-by-side financial comparison of Sachem Capital Corp. (SACH) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.

Sachem Capital Corp. is the larger business by last-quarter revenue ($12.0M vs $9.4M, roughly 1.3× Velo3D, Inc.). Sachem Capital Corp. runs the higher net margin — 8.3% vs -231.9%, a 240.2% gap on every dollar of revenue. On growth, Sachem Capital Corp. posted the faster year-over-year revenue change (-18.8% vs -25.2%). Over the past eight quarters, Velo3D, Inc.'s revenue compounded faster (-1.8% CAGR vs -13.4%).

Sachem Head Capital Management is an American value-oriented investment management firm based in New York City, managed by Scott Ferguson.

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.

SACH vs VELO — Head-to-Head

Bigger by revenue
SACH
SACH
1.3× larger
SACH
$12.0M
$9.4M
VELO
Growing faster (revenue YoY)
SACH
SACH
+6.4% gap
SACH
-18.8%
-25.2%
VELO
Higher net margin
SACH
SACH
240.2% more per $
SACH
8.3%
-231.9%
VELO
Faster 2-yr revenue CAGR
VELO
VELO
Annualised
VELO
-1.8%
-13.4%
SACH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SACH
SACH
VELO
VELO
Revenue
$12.0M
$9.4M
Net Profit
$997.0K
$-21.9M
Gross Margin
-73.6%
Operating Margin
-3.1%
-231.0%
Net Margin
8.3%
-231.9%
Revenue YoY
-18.8%
-25.2%
Net Profit YoY
119.7%
-2.9%
EPS (diluted)
$0.00
$-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
SACH
SACH
VELO
VELO
Q4 25
$9.4M
Q3 25
$12.0M
$13.6M
Q2 25
$10.8M
$13.6M
Q1 25
$11.4M
$9.3M
Q4 24
$10.8M
$12.6M
Q3 24
$14.8M
$8.2M
Q2 24
$15.1M
$10.3M
Q1 24
$16.8M
$9.8M
Net Profit
SACH
SACH
VELO
VELO
Q4 25
$-21.9M
Q3 25
$997.0K
$-11.2M
Q2 25
$1.9M
$-13.3M
Q1 25
$904.0K
$-25.0M
Q4 24
$-36.1M
$-21.3M
Q3 24
$-5.1M
$-21.9M
Q2 24
$-3.1M
$935.0K
Q1 24
$4.7M
$-27.5M
Gross Margin
SACH
SACH
VELO
VELO
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%
Operating Margin
SACH
SACH
VELO
VELO
Q4 25
-231.0%
Q3 25
-3.1%
-73.3%
Q2 25
9.9%
-85.4%
Q1 25
9.0%
-123.6%
Q4 24
-131.1%
-167.0%
Q3 24
-32.6%
-213.8%
Q2 24
-20.6%
-187.7%
Q1 24
25.4%
-211.1%
Net Margin
SACH
SACH
VELO
VELO
Q4 25
-231.9%
Q3 25
8.3%
-82.0%
Q2 25
17.5%
-97.7%
Q1 25
7.9%
-268.4%
Q4 24
-335.6%
-168.5%
Q3 24
-34.2%
-265.3%
Q2 24
-20.2%
9.0%
Q1 24
27.8%
-281.2%
EPS (diluted)
SACH
SACH
VELO
VELO
Q4 25
$-0.87
Q3 25
$0.00
$-0.65
Q2 25
$0.02
$-0.94
Q1 25
$0.00
$-1.87
Q4 24
$-0.79
$7.06
Q3 24
$-0.13
$-35.52
Q2 24
$-0.09
$1.65
Q1 24
$0.08
$-55.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SACH
SACH
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$12.6M
$39.0M
Total DebtLower is stronger
$31.0M
Stockholders' EquityBook value
$175.6M
$38.2M
Total Assets
$484.4M
$105.3M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SACH
SACH
VELO
VELO
Q4 25
$39.0M
Q3 25
$12.6M
$11.8M
Q2 25
$23.5M
$854.0K
Q1 25
$25.8M
$3.9M
Q4 24
$19.6M
$1.2M
Q3 24
$7.4M
$1.6M
Q2 24
$12.4M
$3.2M
Q1 24
$56.8M
$10.9M
Total Debt
SACH
SACH
VELO
VELO
Q4 25
$31.0M
Q3 25
$23.0M
Q2 25
$22.5M
Q1 25
$230.2M
$21.7M
Q4 24
$230.2M
$5.7M
Q3 24
$264.7M
$32.3M
Q2 24
$264.7M
$33.5M
Q1 24
$288.4M
$44.0M
Stockholders' Equity
SACH
SACH
VELO
VELO
Q4 25
$38.2M
Q3 25
$175.6M
$29.9M
Q2 25
$177.9M
$21.4M
Q1 25
$179.3M
$32.8M
Q4 24
$181.7M
$39.7M
Q3 24
$220.6M
$34.4M
Q2 24
$230.2M
$52.1M
Q1 24
$237.4M
$45.5M
Total Assets
SACH
SACH
VELO
VELO
Q4 25
$105.3M
Q3 25
$484.4M
$93.7M
Q2 25
$501.8M
$78.4M
Q1 25
$491.4M
$91.3M
Q4 24
$492.0M
$89.2M
Q3 24
$555.5M
$110.8M
Q2 24
$586.3M
$116.7M
Q1 24
$626.5M
$136.1M
Debt / Equity
SACH
SACH
VELO
VELO
Q4 25
0.81×
Q3 25
0.77×
Q2 25
1.05×
Q1 25
1.28×
0.66×
Q4 24
1.27×
0.14×
Q3 24
1.20×
0.94×
Q2 24
1.15×
0.64×
Q1 24
1.21×
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
SACH
SACH
VELO
VELO
Operating Cash FlowLast quarter
$4.9M
$-7.7M
Free Cash FlowOCF − Capex
$-8.3M
FCF MarginFCF / Revenue
-88.3%
Capex IntensityCapex / Revenue
6.4%
Cash ConversionOCF / Net Profit
4.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SACH
SACH
VELO
VELO
Q4 25
$-7.7M
Q3 25
$4.9M
$-6.0M
Q2 25
$501.0K
$-1.2M
Q1 25
$191.0K
$-12.3M
Q4 24
$12.9M
$-2.2M
Q3 24
$2.3M
$-2.0M
Q2 24
$7.0M
$-8.0M
Q1 24
$4.2M
$-20.5M
Free Cash Flow
SACH
SACH
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
SACH
SACH
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
SACH
SACH
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
SACH
SACH
VELO
VELO
Q4 25
Q3 25
4.95×
Q2 25
0.27×
Q1 25
0.21×
Q4 24
Q3 24
Q2 24
-8.52×
Q1 24
0.90×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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