vs
Side-by-side financial comparison of UPEXI, INC. (UPXI) 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 $8.1M, roughly 1.2× UPEXI, INC.). Velo3D, Inc. runs the higher net margin — -231.9% vs -2222.1%, a 1990.2% gap on every dollar of revenue. On growth, UPEXI, INC. posted the faster year-over-year revenue change (101.0% vs -25.2%). UPEXI, INC. produced more free cash flow last quarter ($-2.7M vs $-8.3M). Over the past eight quarters, UPEXI, INC.'s revenue compounded faster (24.2% 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.
UPXI vs VELO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1M | $9.4M |
| Net Profit | $-178.9M | $-21.9M |
| Gross Margin | 83.3% | -73.6% |
| Operating Margin | -2177.9% | -231.0% |
| Net Margin | -2222.1% | -231.9% |
| Revenue YoY | 101.0% | -25.2% |
| Net Profit YoY | -13649.6% | -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.
| Q4 25 | $8.1M | $9.4M | ||
| Q3 25 | $9.2M | $13.6M | ||
| Q2 25 | $4.3M | $13.6M | ||
| Q1 25 | $3.2M | $9.3M | ||
| Q4 24 | $4.0M | $12.6M | ||
| Q3 24 | $4.4M | $8.2M | ||
| Q2 24 | $5.0M | $10.3M | ||
| Q1 24 | $5.2M | $9.8M |
| Q4 25 | $-178.9M | $-21.9M | ||
| Q3 25 | $66.7M | $-11.2M | ||
| Q2 25 | $-6.9M | $-13.3M | ||
| Q1 25 | $-3.8M | $-25.0M | ||
| Q4 24 | $-1.3M | $-21.3M | ||
| Q3 24 | $-1.6M | $-21.9M | ||
| Q2 24 | $-15.7M | $935.0K | ||
| Q1 24 | $-4.1M | $-27.5M |
| Q4 25 | 83.3% | -73.6% | ||
| Q3 25 | 89.6% | 3.2% | ||
| Q2 25 | 79.4% | -11.7% | ||
| Q1 25 | 49.3% | 7.5% | ||
| Q4 24 | 74.3% | -3.5% | ||
| Q3 24 | 67.3% | 49.4% | ||
| Q2 24 | 31.0% | -28.0% | ||
| Q1 24 | 24.3% | -28.8% |
| Q4 25 | -2177.9% | -231.0% | ||
| Q3 25 | — | -73.3% | ||
| Q2 25 | -151.7% | -85.4% | ||
| Q1 25 | -113.5% | -123.6% | ||
| Q4 24 | -26.8% | -167.0% | ||
| Q3 24 | -30.6% | -213.8% | ||
| Q2 24 | -265.2% | -187.7% | ||
| Q1 24 | -96.5% | -211.1% |
| Q4 25 | -2222.1% | -231.9% | ||
| Q3 25 | 722.4% | -82.0% | ||
| Q2 25 | -161.5% | -97.7% | ||
| Q1 25 | -121.2% | -268.4% | ||
| Q4 24 | -32.5% | -168.5% | ||
| Q3 24 | -37.3% | -265.3% | ||
| Q2 24 | -312.4% | 9.0% | ||
| Q1 24 | -78.9% | -281.2% |
| Q4 25 | — | $-0.87 | ||
| Q3 25 | $0.76 | $-0.65 | ||
| Q2 25 | $0.83 | $-0.94 | ||
| Q1 25 | $-2.87 | $-1.87 | ||
| Q4 24 | $-1.24 | $7.06 | ||
| Q3 24 | $1.55 | $-35.52 | ||
| Q2 24 | $-15.66 | $1.65 | ||
| Q1 24 | $-4.03 | $-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 | $48.7M | $38.2M |
| Total Assets | $271.1M | $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 | $48.7M | $38.2M | ||
| Q3 25 | $210.8M | $29.9M | ||
| Q2 25 | $90.1M | $21.4M | ||
| Q1 25 | $1.9M | $32.8M | ||
| Q4 24 | $3.8M | $39.7M | ||
| Q3 24 | $5.0M | $34.4M | ||
| Q2 24 | $6.5M | $52.1M | ||
| Q1 24 | $22.1M | $45.5M |
| Q4 25 | $271.1M | $105.3M | ||
| Q3 25 | $419.7M | $93.7M | ||
| Q2 25 | $123.8M | $78.4M | ||
| Q1 25 | $15.1M | $91.3M | ||
| Q4 24 | $17.5M | $89.2M | ||
| Q3 24 | $18.6M | $110.8M | ||
| Q2 24 | $23.5M | $116.7M | ||
| Q1 24 | $56.5M | $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 | $-2.7M | $-7.7M |
| Free Cash FlowOCF − Capex | $-2.7M | $-8.3M |
| FCF MarginFCF / Revenue | -33.5% | -88.3% |
| Capex IntensityCapex / Revenue | 0.2% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.7M | $-7.7M | ||
| Q3 25 | $-9.8M | $-6.0M | ||
| Q2 25 | $-8.4M | $-1.2M | ||
| Q1 25 | $-778.7K | $-12.3M | ||
| Q4 24 | $-1.4M | $-2.2M | ||
| Q3 24 | $-2.0M | $-2.0M | ||
| Q2 24 | $-101.4K | $-8.0M | ||
| Q1 24 | $783.5K | $-20.5M |
| Q4 25 | $-2.7M | $-8.3M | ||
| Q3 25 | $-9.8M | $-6.3M | ||
| Q2 25 | $-8.8M | $-3.0M | ||
| Q1 25 | $-809.3K | — | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | $-2.1M | $-2.0M | ||
| Q2 24 | $-1.0M | $-8.0M | ||
| Q1 24 | $600.9K | $-20.5M |
| Q4 25 | -33.5% | -88.3% | ||
| Q3 25 | -106.0% | -46.5% | ||
| Q2 25 | -205.4% | -22.2% | ||
| Q1 25 | -25.6% | — | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | -49.2% | -24.2% | ||
| Q2 24 | -20.5% | -77.1% | ||
| Q1 24 | 11.5% | -209.8% |
| Q4 25 | 0.2% | 6.4% | ||
| Q3 25 | 0.2% | 2.3% | ||
| Q2 25 | 9.0% | 13.3% | ||
| Q1 25 | 1.0% | 0.0% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 3.8% | 0.2% | ||
| Q2 24 | 18.5% | 0.0% | ||
| Q1 24 | 3.5% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | -0.15× | — | ||
| 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.
