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Side-by-side financial comparison of Velo3D, Inc. (VELO) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $9.4M, roughly 1.3× Velo3D, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -231.9%, a 251.8% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs -25.2%).

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.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

VELO vs VFF — Head-to-Head

Bigger by revenue
VFF
VFF
1.3× larger
VFF
$12.2M
$9.4M
VELO
Growing faster (revenue YoY)
VFF
VFF
+56.7% gap
VFF
31.5%
-25.2%
VELO
Higher net margin
VFF
VFF
251.8% more per $
VFF
19.9%
-231.9%
VELO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VELO
VELO
VFF
VFF
Revenue
$9.4M
$12.2M
Net Profit
$-21.9M
$2.4M
Gross Margin
-73.6%
Operating Margin
-231.0%
Net Margin
-231.9%
19.9%
Revenue YoY
-25.2%
31.5%
Net Profit YoY
-2.9%
128.2%
EPS (diluted)
$-0.87
$0.01

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
VELO
VELO
VFF
VFF
Q4 25
$9.4M
$12.2M
Q3 25
$13.6M
$66.7M
Q2 25
$13.6M
$59.9M
Q1 25
$9.3M
$77.1M
Q4 24
$12.6M
Q3 24
$8.2M
$54.9M
Q2 24
$10.3M
$53.6M
Q1 24
$9.8M
$78.1M
Net Profit
VELO
VELO
VFF
VFF
Q4 25
$-21.9M
$2.4M
Q3 25
$-11.2M
$10.2M
Q2 25
$-13.3M
$26.5M
Q1 25
$-25.0M
$-6.7M
Q4 24
$-21.3M
Q3 24
$-21.9M
$-820.0K
Q2 24
$935.0K
$-23.5M
Q1 24
$-27.5M
$-2.9M
Gross Margin
VELO
VELO
VFF
VFF
Q4 25
-73.6%
Q3 25
3.2%
47.9%
Q2 25
-11.7%
37.3%
Q1 25
7.5%
14.7%
Q4 24
-3.5%
Q3 24
49.4%
24.8%
Q2 24
-28.0%
25.4%
Q1 24
-28.8%
19.9%
Operating Margin
VELO
VELO
VFF
VFF
Q4 25
-231.0%
Q3 25
-73.3%
23.3%
Q2 25
-85.4%
20.8%
Q1 25
-123.6%
-8.0%
Q4 24
-167.0%
Q3 24
-213.8%
3.8%
Q2 24
-187.7%
-43.5%
Q1 24
-211.1%
-3.0%
Net Margin
VELO
VELO
VFF
VFF
Q4 25
-231.9%
19.9%
Q3 25
-82.0%
15.3%
Q2 25
-97.7%
44.2%
Q1 25
-268.4%
-8.7%
Q4 24
-168.5%
Q3 24
-265.3%
-1.5%
Q2 24
9.0%
-43.9%
Q1 24
-281.2%
-3.7%
EPS (diluted)
VELO
VELO
VFF
VFF
Q4 25
$-0.87
$0.01
Q3 25
$-0.65
$0.08
Q2 25
$-0.94
$0.24
Q1 25
$-1.87
$-0.06
Q4 24
$7.06
Q3 24
$-35.52
$-0.01
Q2 24
$1.65
$-0.21
Q1 24
$-55.51
$-0.03

Balance Sheet & Financial Strength

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

Metric
VELO
VELO
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$39.0M
$81.2M
Total DebtLower is stronger
$31.0M
$33.7M
Stockholders' EquityBook value
$38.2M
$299.9M
Total Assets
$105.3M
$423.1M
Debt / EquityLower = less leverage
0.81×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VELO
VELO
VFF
VFF
Q4 25
$39.0M
$81.2M
Q3 25
$11.8M
$82.6M
Q2 25
$854.0K
$60.0M
Q1 25
$3.9M
$15.1M
Q4 24
$1.2M
Q3 24
$1.6M
$28.7M
Q2 24
$3.2M
$29.7M
Q1 24
$10.9M
$26.7M
Total Debt
VELO
VELO
VFF
VFF
Q4 25
$31.0M
$33.7M
Q3 25
$23.0M
$34.6M
Q2 25
$22.5M
$39.1M
Q1 25
$21.7M
$39.2M
Q4 24
$5.7M
Q3 24
$32.3M
$43.3M
Q2 24
$33.5M
$44.4M
Q1 24
$44.0M
$46.1M
Stockholders' Equity
VELO
VELO
VFF
VFF
Q4 25
$38.2M
$299.9M
Q3 25
$29.9M
$295.4M
Q2 25
$21.4M
$284.3M
Q1 25
$32.8M
$248.3M
Q4 24
$39.7M
Q3 24
$34.4M
$274.4M
Q2 24
$52.1M
$275.2M
Q1 24
$45.5M
$296.2M
Total Assets
VELO
VELO
VFF
VFF
Q4 25
$105.3M
$423.1M
Q3 25
$93.7M
$418.4M
Q2 25
$78.4M
$403.7M
Q1 25
$91.3M
$377.1M
Q4 24
$89.2M
Q3 24
$110.8M
$417.8M
Q2 24
$116.7M
$425.4M
Q1 24
$136.1M
$458.4M
Debt / Equity
VELO
VELO
VFF
VFF
Q4 25
0.81×
0.11×
Q3 25
0.77×
0.12×
Q2 25
1.05×
0.14×
Q1 25
0.66×
0.16×
Q4 24
0.14×
Q3 24
0.94×
0.16×
Q2 24
0.64×
0.16×
Q1 24
0.97×
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
VELO
VELO
VFF
VFF
Operating Cash FlowLast quarter
$-7.7M
Free Cash FlowOCF − Capex
$-8.3M
FCF MarginFCF / Revenue
-88.3%
Capex IntensityCapex / Revenue
6.4%
90.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VELO
VELO
VFF
VFF
Q4 25
$-7.7M
Q3 25
$-6.0M
$24.4M
Q2 25
$-1.2M
Q1 25
$-12.3M
$-6.4M
Q4 24
$-2.2M
Q3 24
$-2.0M
$4.3M
Q2 24
$-8.0M
$5.7M
Q1 24
$-20.5M
$-50.0K
Free Cash Flow
VELO
VELO
VFF
VFF
Q4 25
$-8.3M
Q3 25
$-6.3M
$22.6M
Q2 25
$-3.0M
Q1 25
$-8.9M
Q4 24
$-2.2M
Q3 24
$-2.0M
$1.5M
Q2 24
$-8.0M
$4.8M
Q1 24
$-20.5M
$-1.9M
FCF Margin
VELO
VELO
VFF
VFF
Q4 25
-88.3%
Q3 25
-46.5%
33.9%
Q2 25
-22.2%
Q1 25
-11.6%
Q4 24
-17.7%
Q3 24
-24.2%
2.7%
Q2 24
-77.1%
9.0%
Q1 24
-209.8%
-2.5%
Capex Intensity
VELO
VELO
VFF
VFF
Q4 25
6.4%
90.8%
Q3 25
2.3%
2.7%
Q2 25
13.3%
4.6%
Q1 25
0.0%
3.3%
Q4 24
0.2%
Q3 24
0.2%
5.1%
Q2 24
0.0%
1.6%
Q1 24
0.1%
2.4%
Cash Conversion
VELO
VELO
VFF
VFF
Q4 25
Q3 25
2.39×
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.

Revenue Breakdown by Segment

VELO
VELO

Segment breakdown not available.

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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