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Side-by-side financial comparison of Stabilis Solutions, Inc. (SLNG) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.

Stabilis Solutions, Inc. is the larger business by last-quarter revenue ($13.3M vs $9.4M, roughly 1.4× Velo3D, Inc.). Stabilis Solutions, Inc. runs the higher net margin — -2.0% vs -231.9%, a 230.0% gap on every dollar of revenue. On growth, Stabilis Solutions, Inc. posted the faster year-over-year revenue change (-23.3% vs -25.2%). Stabilis Solutions, Inc. produced more free cash flow last quarter ($-2.5M vs $-8.3M). Over the past eight quarters, Velo3D, Inc.'s revenue compounded faster (-1.8% CAGR vs -18.1%).

Stabilis Solutions, Inc. is a leading North American small-scale liquefied natural gas (LNG) producer and distributor. It supplies LNG fuel, cryogenic services, and full-cycle energy solutions to industrial, remote power, transportation, and commercial clients across the United States and Canada, advancing low-emission energy transition efforts.

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.

SLNG vs VELO — Head-to-Head

Bigger by revenue
SLNG
SLNG
1.4× larger
SLNG
$13.3M
$9.4M
VELO
Growing faster (revenue YoY)
SLNG
SLNG
+2.0% gap
SLNG
-23.3%
-25.2%
VELO
Higher net margin
SLNG
SLNG
230.0% more per $
SLNG
-2.0%
-231.9%
VELO
More free cash flow
SLNG
SLNG
$5.9M more FCF
SLNG
$-2.5M
$-8.3M
VELO
Faster 2-yr revenue CAGR
VELO
VELO
Annualised
VELO
-1.8%
-18.1%
SLNG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLNG
SLNG
VELO
VELO
Revenue
$13.3M
$9.4M
Net Profit
$-262.0K
$-21.9M
Gross Margin
24.7%
-73.6%
Operating Margin
-2.4%
-231.0%
Net Margin
-2.0%
-231.9%
Revenue YoY
-23.3%
-25.2%
Net Profit YoY
-112.4%
-2.9%
EPS (diluted)
$-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
SLNG
SLNG
VELO
VELO
Q4 25
$13.3M
$9.4M
Q3 25
$20.3M
$13.6M
Q2 25
$17.3M
$13.6M
Q1 25
$17.3M
$9.3M
Q4 24
$17.3M
$12.6M
Q3 24
$17.6M
$8.2M
Q2 24
$18.6M
$10.3M
Q1 24
$19.8M
$9.8M
Net Profit
SLNG
SLNG
VELO
VELO
Q4 25
$-262.0K
$-21.9M
Q3 25
$1.1M
$-11.2M
Q2 25
$-613.0K
$-13.3M
Q1 25
$-1.6M
$-25.0M
Q4 24
$2.1M
$-21.3M
Q3 24
$997.0K
$-21.9M
Q2 24
$27.0K
$935.0K
Q1 24
$1.5M
$-27.5M
Gross Margin
SLNG
SLNG
VELO
VELO
Q4 25
24.7%
-73.6%
Q3 25
27.6%
3.2%
Q2 25
26.5%
-11.7%
Q1 25
26.2%
7.5%
Q4 24
28.5%
-3.5%
Q3 24
28.3%
49.4%
Q2 24
27.1%
-28.0%
Q1 24
31.6%
-28.8%
Operating Margin
SLNG
SLNG
VELO
VELO
Q4 25
-2.4%
-231.0%
Q3 25
5.5%
-73.3%
Q2 25
-2.4%
-85.4%
Q1 25
-9.7%
-123.6%
Q4 24
12.8%
-167.0%
Q3 24
5.0%
-213.8%
Q2 24
2.4%
-187.7%
Q1 24
7.8%
-211.1%
Net Margin
SLNG
SLNG
VELO
VELO
Q4 25
-2.0%
-231.9%
Q3 25
5.5%
-82.0%
Q2 25
-3.5%
-97.7%
Q1 25
-9.2%
-268.4%
Q4 24
12.2%
-168.5%
Q3 24
5.7%
-265.3%
Q2 24
0.1%
9.0%
Q1 24
7.4%
-281.2%
EPS (diluted)
SLNG
SLNG
VELO
VELO
Q4 25
$-0.87
Q3 25
$0.06
$-0.65
Q2 25
$-0.03
$-0.94
Q1 25
$-0.09
$-1.87
Q4 24
$0.12
$7.06
Q3 24
$0.05
$-35.52
Q2 24
$0.00
$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
SLNG
SLNG
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$7.5M
$39.0M
Total DebtLower is stronger
$7.9M
$31.0M
Stockholders' EquityBook value
$66.7M
$38.2M
Total Assets
$83.1M
$105.3M
Debt / EquityLower = less leverage
0.12×
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNG
SLNG
VELO
VELO
Q4 25
$7.5M
$39.0M
Q3 25
$10.3M
$11.8M
Q2 25
$12.2M
$854.0K
Q1 25
$9.0M
$3.9M
Q4 24
$9.0M
$1.2M
Q3 24
$12.4M
$1.6M
Q2 24
$11.5M
$3.2M
Q1 24
$8.3M
$10.9M
Total Debt
SLNG
SLNG
VELO
VELO
Q4 25
$7.9M
$31.0M
Q3 25
$8.3M
$23.0M
Q2 25
$7.6M
$22.5M
Q1 25
$8.3M
$21.7M
Q4 24
$8.9M
$5.7M
Q3 24
$9.3M
$32.3M
Q2 24
$8.6M
$33.5M
Q1 24
$9.1M
$44.0M
Stockholders' Equity
SLNG
SLNG
VELO
VELO
Q4 25
$66.7M
$38.2M
Q3 25
$66.7M
$29.9M
Q2 25
$65.5M
$21.4M
Q1 25
$65.9M
$32.8M
Q4 24
$67.0M
$39.7M
Q3 24
$65.4M
$34.4M
Q2 24
$63.7M
$52.1M
Q1 24
$63.2M
$45.5M
Total Assets
SLNG
SLNG
VELO
VELO
Q4 25
$83.1M
$105.3M
Q3 25
$87.1M
$93.7M
Q2 25
$83.2M
$78.4M
Q1 25
$83.1M
$91.3M
Q4 24
$85.6M
$89.2M
Q3 24
$89.3M
$110.8M
Q2 24
$82.6M
$116.7M
Q1 24
$80.6M
$136.1M
Debt / Equity
SLNG
SLNG
VELO
VELO
Q4 25
0.12×
0.81×
Q3 25
0.12×
0.77×
Q2 25
0.12×
1.05×
Q1 25
0.13×
0.66×
Q4 24
0.13×
0.14×
Q3 24
0.14×
0.94×
Q2 24
0.13×
0.64×
Q1 24
0.14×
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
SLNG
SLNG
VELO
VELO
Operating Cash FlowLast quarter
$669.0K
$-7.7M
Free Cash FlowOCF − Capex
$-2.5M
$-8.3M
FCF MarginFCF / Revenue
-18.6%
-88.3%
Capex IntensityCapex / Revenue
23.7%
6.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$462.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNG
SLNG
VELO
VELO
Q4 25
$669.0K
$-7.7M
Q3 25
$2.4M
$-6.0M
Q2 25
$4.5M
$-1.2M
Q1 25
$1.0M
$-12.3M
Q4 24
$2.2M
$-2.2M
Q3 24
$2.6M
$-2.0M
Q2 24
$5.0M
$-8.0M
Q1 24
$3.9M
$-20.5M
Free Cash Flow
SLNG
SLNG
VELO
VELO
Q4 25
$-2.5M
$-8.3M
Q3 25
$-1.5M
$-6.3M
Q2 25
$3.9M
$-3.0M
Q1 25
$538.0K
Q4 24
$-3.4M
$-2.2M
Q3 24
$1.2M
$-2.0M
Q2 24
$3.7M
$-8.0M
Q1 24
$3.1M
$-20.5M
FCF Margin
SLNG
SLNG
VELO
VELO
Q4 25
-18.6%
-88.3%
Q3 25
-7.3%
-46.5%
Q2 25
22.4%
-22.2%
Q1 25
3.1%
Q4 24
-19.7%
-17.7%
Q3 24
7.1%
-24.2%
Q2 24
19.7%
-77.1%
Q1 24
15.5%
-209.8%
Capex Intensity
SLNG
SLNG
VELO
VELO
Q4 25
23.7%
6.4%
Q3 25
19.1%
2.3%
Q2 25
3.7%
13.3%
Q1 25
2.8%
0.0%
Q4 24
32.3%
0.2%
Q3 24
7.4%
0.2%
Q2 24
7.4%
0.0%
Q1 24
4.4%
0.1%
Cash Conversion
SLNG
SLNG
VELO
VELO
Q4 25
Q3 25
2.14×
Q2 25
Q1 25
Q4 24
1.03×
Q3 24
2.56×
Q2 24
186.59×
-8.52×
Q1 24
2.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLNG
SLNG

Natural Gas Gathering Transportation Marketing And Processing$11.1M84%
Other$1.3M10%
Services$897.0K7%

VELO
VELO

Segment breakdown not available.

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