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Side-by-side financial comparison of DNA X, Inc. (SONM) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
DNA X, Inc. is the larger business by last-quarter revenue ($16.2M vs $9.4M, roughly 1.7× Velo3D, Inc.). DNA X, Inc. runs the higher net margin — -29.3% vs -231.9%, a 202.6% gap on every dollar of revenue. On growth, DNA X, Inc. posted the faster year-over-year revenue change (7.9% vs -25.2%). Over the past eight quarters, DNA X, Inc.'s revenue compounded faster (9.9% 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.
SONM vs VELO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.2M | $9.4M |
| Net Profit | $-4.8M | $-21.9M |
| Gross Margin | 11.2% | -73.6% |
| Operating Margin | -24.5% | -231.0% |
| Net Margin | -29.3% | -231.9% |
| Revenue YoY | 7.9% | -25.2% |
| Net Profit YoY | -89.2% | -2.9% |
| EPS (diluted) | $-4.83 | $-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 | — | $9.4M | ||
| Q3 25 | $16.2M | $13.6M | ||
| Q2 25 | $11.2M | $13.6M | ||
| Q1 25 | $16.7M | $9.3M | ||
| Q4 24 | $15.3M | $12.6M | ||
| Q3 24 | $15.0M | $8.2M | ||
| Q2 24 | $11.5M | $10.3M | ||
| Q1 24 | $9.1M | $9.8M |
| Q4 25 | — | $-21.9M | ||
| Q3 25 | $-4.8M | $-11.2M | ||
| Q2 25 | $-7.5M | $-13.3M | ||
| Q1 25 | $458.0K | $-25.0M | ||
| Q4 24 | $-21.6M | $-21.3M | ||
| Q3 24 | $-2.5M | $-21.9M | ||
| Q2 24 | $-6.6M | $935.0K | ||
| Q1 24 | $-2.9M | $-27.5M |
| Q4 25 | — | -73.6% | ||
| Q3 25 | 11.2% | 3.2% | ||
| Q2 25 | 7.6% | -11.7% | ||
| Q1 25 | 50.0% | 7.5% | ||
| Q4 24 | -1.2% | -3.5% | ||
| Q3 24 | 28.2% | 49.4% | ||
| Q2 24 | 25.8% | -28.0% | ||
| Q1 24 | 31.8% | -28.8% |
| Q4 25 | — | -231.0% | ||
| Q3 25 | -24.5% | -73.3% | ||
| Q2 25 | -60.2% | -85.4% | ||
| Q1 25 | 3.9% | -123.6% | ||
| Q4 24 | 55.3% | -167.0% | ||
| Q3 24 | -15.8% | -213.8% | ||
| Q2 24 | -56.2% | -187.7% | ||
| Q1 24 | -29.5% | -211.1% |
| Q4 25 | — | -231.9% | ||
| Q3 25 | -29.3% | -82.0% | ||
| Q2 25 | -66.8% | -97.7% | ||
| Q1 25 | 2.7% | -268.4% | ||
| Q4 24 | -141.6% | -168.5% | ||
| Q3 24 | -16.7% | -265.3% | ||
| Q2 24 | -57.5% | 9.0% | ||
| Q1 24 | -31.9% | -281.2% |
| Q4 25 | — | $-0.87 | ||
| Q3 25 | $-4.83 | $-0.65 | ||
| Q2 25 | $-0.79 | $-0.94 | ||
| Q1 25 | $0.08 | $-1.87 | ||
| Q4 24 | $-116.99 | $7.06 | ||
| Q3 24 | $-9.32 | $-35.52 | ||
| Q2 24 | $-1.41 | $1.65 | ||
| Q1 24 | $-0.65 | $-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 | $2.1M | $39.0M |
| Total DebtLower is stronger | $5.1M | $31.0M |
| Stockholders' EquityBook value | $-701.0K | $38.2M |
| Total Assets | $40.2M | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.0M | ||
| Q3 25 | $2.1M | $11.8M | ||
| Q2 25 | $2.0M | $854.0K | ||
| Q1 25 | $2.1M | $3.9M | ||
| Q4 24 | $5.3M | $1.2M | ||
| Q3 24 | $9.1M | $1.6M | ||
| Q2 24 | $9.6M | $3.2M | ||
| Q1 24 | $9.3M | $10.9M |
| Q4 25 | — | $31.0M | ||
| Q3 25 | $5.1M | $23.0M | ||
| Q2 25 | $2.9M | $22.5M | ||
| Q1 25 | $2.8M | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
| Q4 25 | — | $38.2M | ||
| Q3 25 | $-701.0K | $29.9M | ||
| Q2 25 | $-1.3M | $21.4M | ||
| Q1 25 | $-1.1M | $32.8M | ||
| Q4 24 | $-5.7M | $39.7M | ||
| Q3 24 | $15.3M | $34.4M | ||
| Q2 24 | $17.5M | $52.1M | ||
| Q1 24 | $19.8M | $45.5M |
| Q4 25 | — | $105.3M | ||
| Q3 25 | $40.2M | $93.7M | ||
| Q2 25 | $36.1M | $78.4M | ||
| Q1 25 | $36.0M | $91.3M | ||
| Q4 24 | $39.7M | $89.2M | ||
| Q3 24 | $49.1M | $110.8M | ||
| Q2 24 | $45.9M | $116.7M | ||
| Q1 24 | $42.4M | $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 | $-7.0M | $-7.7M |
| Free Cash FlowOCF − Capex | — | $-8.3M |
| FCF MarginFCF / Revenue | — | -88.3% |
| Capex IntensityCapex / Revenue | — | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-7.7M | ||
| Q3 25 | $-7.0M | $-6.0M | ||
| Q2 25 | $-4.9M | $-1.2M | ||
| Q1 25 | $-9.6M | $-12.3M | ||
| Q4 24 | $-4.5M | $-2.2M | ||
| Q3 24 | $-417.0K | $-2.0M | ||
| Q2 24 | $-3.4M | $-8.0M | ||
| Q1 24 | $-168.0K | $-20.5M |
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | $-4.5M | $-2.2M | ||
| Q3 24 | $-554.0K | $-2.0M | ||
| Q2 24 | $-3.4M | $-8.0M | ||
| Q1 24 | $-198.0K | $-20.5M |
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | — | -22.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | -29.6% | -17.7% | ||
| Q3 24 | -3.7% | -24.2% | ||
| Q2 24 | -29.8% | -77.1% | ||
| Q1 24 | -2.2% | -209.8% |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 0.3% | 0.0% | ||
| Q1 24 | 0.3% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -20.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
