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Side-by-side financial comparison of SOLESENCE, INC. (SLSN) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $9.4M, roughly 1.3× Velo3D, Inc.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -231.9%, a 233.2% gap on every dollar of revenue. On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -25.2%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% 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.
SLSN vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $9.4M |
| Net Profit | $163.0K | $-21.9M |
| Gross Margin | 27.5% | -73.6% |
| Operating Margin | 1.5% | -231.0% |
| Net Margin | 1.3% | -231.9% |
| Revenue YoY | -0.7% | -25.2% |
| Net Profit YoY | 129.2% | -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.
| Q4 25 | $12.5M | $9.4M | ||
| Q3 25 | $14.6M | $13.6M | ||
| Q2 25 | $20.4M | $13.6M | ||
| Q1 25 | $14.6M | $9.3M | ||
| Q4 24 | $12.6M | $12.6M | ||
| Q3 24 | $16.9M | $8.2M | ||
| Q2 24 | $13.0M | $10.3M | ||
| Q1 24 | $9.9M | $9.8M |
| Q4 25 | $163.0K | $-21.9M | ||
| Q3 25 | $-1.1M | $-11.2M | ||
| Q2 25 | $2.7M | $-13.3M | ||
| Q1 25 | $80.0K | $-25.0M | ||
| Q4 24 | $-559.0K | $-21.3M | ||
| Q3 24 | $3.0M | $-21.9M | ||
| Q2 24 | $856.0K | $935.0K | ||
| Q1 24 | $893.0K | $-27.5M |
| Q4 25 | 27.5% | -73.6% | ||
| Q3 25 | 23.1% | 3.2% | ||
| Q2 25 | 28.9% | -11.7% | ||
| Q1 25 | 23.1% | 7.5% | ||
| Q4 24 | 22.0% | -3.5% | ||
| Q3 24 | 36.2% | 49.4% | ||
| Q2 24 | 28.7% | -28.0% | ||
| Q1 24 | 36.3% | -28.8% |
| Q4 25 | 1.5% | -231.0% | ||
| Q3 25 | -5.4% | -73.3% | ||
| Q2 25 | 9.4% | -85.4% | ||
| Q1 25 | 1.8% | -123.6% | ||
| Q4 24 | -1.8% | -167.0% | ||
| Q3 24 | 19.0% | -213.8% | ||
| Q2 24 | 8.0% | -187.7% | ||
| Q1 24 | 11.3% | -211.1% |
| Q4 25 | 1.3% | -231.9% | ||
| Q3 25 | -7.7% | -82.0% | ||
| Q2 25 | 13.1% | -97.7% | ||
| Q1 25 | 0.5% | -268.4% | ||
| Q4 24 | -4.4% | -168.5% | ||
| Q3 24 | 18.1% | -265.3% | ||
| Q2 24 | 6.6% | 9.0% | ||
| Q1 24 | 9.0% | -281.2% |
| Q4 25 | $0.00 | $-0.87 | ||
| Q3 25 | $-0.02 | $-0.65 | ||
| Q2 25 | $0.04 | $-0.94 | ||
| Q1 25 | $0.00 | $-1.87 | ||
| Q4 24 | $0.00 | $7.06 | ||
| Q3 24 | $0.04 | $-35.52 | ||
| Q2 24 | $0.01 | $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 | $1.3M | $39.0M |
| Total DebtLower is stronger | — | $31.0M |
| Stockholders' EquityBook value | $17.6M | $38.2M |
| Total Assets | $50.1M | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3M | $39.0M | ||
| Q3 25 | $429.0K | $11.8M | ||
| Q2 25 | $4.1M | $854.0K | ||
| Q1 25 | $1.8M | $3.9M | ||
| Q4 24 | $1.4M | $1.2M | ||
| Q3 24 | $2.9M | $1.6M | ||
| Q2 24 | $2.4M | $3.2M | ||
| Q1 24 | $2.0M | $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 | $17.6M | $38.2M | ||
| Q3 25 | $17.2M | $29.9M | ||
| Q2 25 | $18.2M | $21.4M | ||
| Q1 25 | $15.2M | $32.8M | ||
| Q4 24 | $14.9M | $39.7M | ||
| Q3 24 | $15.2M | $34.4M | ||
| Q2 24 | $11.9M | $52.1M | ||
| Q1 24 | $5.0M | $45.5M |
| Q4 25 | $50.1M | $105.3M | ||
| Q3 25 | $54.0M | $93.7M | ||
| Q2 25 | $60.0M | $78.4M | ||
| Q1 25 | $57.0M | $91.3M | ||
| Q4 24 | $50.0M | $89.2M | ||
| Q3 24 | $48.0M | $110.8M | ||
| Q2 24 | $40.8M | $116.7M | ||
| Q1 24 | $38.5M | $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 | $1.8M | $-7.7M |
| Free Cash FlowOCF − Capex | — | $-8.3M |
| FCF MarginFCF / Revenue | — | -88.3% |
| Capex IntensityCapex / Revenue | — | 6.4% |
| Cash ConversionOCF / Net Profit | 11.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8M | $-7.7M | ||
| Q3 25 | $-2.5M | $-6.0M | ||
| Q2 25 | $-654.0K | $-1.2M | ||
| Q1 25 | $-7.2M | $-12.3M | ||
| Q4 24 | $2.2M | $-2.2M | ||
| Q3 24 | $4.2M | $-2.0M | ||
| Q2 24 | $-565.0K | $-8.0M | ||
| Q1 24 | $-3.9M | $-20.5M |
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | $-404.0K | $-2.2M | ||
| Q3 24 | $2.8M | $-2.0M | ||
| Q2 24 | $-1.0M | $-8.0M | ||
| Q1 24 | $-3.9M | $-20.5M |
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | — | -22.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.2% | -17.7% | ||
| Q3 24 | 16.6% | -24.2% | ||
| Q2 24 | -8.0% | -77.1% | ||
| Q1 24 | -39.9% | -209.8% |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 20.6% | 0.2% | ||
| Q3 24 | 8.3% | 0.2% | ||
| Q2 24 | 3.7% | 0.0% | ||
| Q1 24 | 0.9% | 0.1% |
| Q4 25 | 11.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.25× | — | ||
| Q1 25 | -90.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | -0.66× | -8.52× | ||
| Q1 24 | -4.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
