vs
Side-by-side financial comparison of Velo3D, Inc. (VELO) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.
Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $9.4M, roughly 1.8× Velo3D, Inc.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -231.9%, a 189.7% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -25.2%). Valens Semiconductor Ltd. produced more free cash flow last quarter ($-4.9M vs $-8.3M).
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.
Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...
VELO vs VLN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.4M | $17.3M |
| Net Profit | $-21.9M | $-7.3M |
| Gross Margin | -73.6% | 63.0% |
| Operating Margin | -231.0% | -46.4% |
| Net Margin | -231.9% | -42.2% |
| Revenue YoY | -25.2% | 8.1% |
| Net Profit YoY | -2.9% | 29.3% |
| EPS (diluted) | $-0.87 | $-0.07 |
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 | $13.6M | $17.3M | ||
| Q2 25 | $13.6M | $17.1M | ||
| Q1 25 | $9.3M | $16.8M | ||
| Q4 24 | $12.6M | — | ||
| Q3 24 | $8.2M | $16.0M | ||
| Q2 24 | $10.3M | $13.6M | ||
| Q1 24 | $9.8M | — |
| Q4 25 | $-21.9M | — | ||
| Q3 25 | $-11.2M | $-7.3M | ||
| Q2 25 | $-13.3M | $-7.2M | ||
| Q1 25 | $-25.0M | $-8.3M | ||
| Q4 24 | $-21.3M | — | ||
| Q3 24 | $-21.9M | $-10.4M | ||
| Q2 24 | $935.0K | $-8.9M | ||
| Q1 24 | $-27.5M | — |
| Q4 25 | -73.6% | — | ||
| Q3 25 | 3.2% | 63.0% | ||
| Q2 25 | -11.7% | 63.5% | ||
| Q1 25 | 7.5% | 62.9% | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | 49.4% | 56.4% | ||
| Q2 24 | -28.0% | 61.4% | ||
| Q1 24 | -28.8% | — |
| Q4 25 | -231.0% | — | ||
| Q3 25 | -73.3% | -46.4% | ||
| Q2 25 | -85.4% | -43.3% | ||
| Q1 25 | -123.6% | -56.2% | ||
| Q4 24 | -167.0% | — | ||
| Q3 24 | -213.8% | -76.3% | ||
| Q2 24 | -187.7% | -69.2% | ||
| Q1 24 | -211.1% | — |
| Q4 25 | -231.9% | — | ||
| Q3 25 | -82.0% | -42.2% | ||
| Q2 25 | -97.7% | -42.1% | ||
| Q1 25 | -268.4% | -49.4% | ||
| Q4 24 | -168.5% | — | ||
| Q3 24 | -265.3% | -64.6% | ||
| Q2 24 | 9.0% | -65.2% | ||
| Q1 24 | -281.2% | — |
| Q4 25 | $-0.87 | — | ||
| Q3 25 | $-0.65 | $-0.07 | ||
| Q2 25 | $-0.94 | $-0.07 | ||
| Q1 25 | $-1.87 | $-0.08 | ||
| Q4 24 | $7.06 | — | ||
| Q3 24 | $-35.52 | $-0.10 | ||
| Q2 24 | $1.65 | $-0.08 | ||
| Q1 24 | $-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 | $93.5M |
| Total DebtLower is stronger | $31.0M | — |
| Stockholders' EquityBook value | $38.2M | $108.8M |
| Total Assets | $105.3M | $136.7M |
| Debt / EquityLower = less leverage | 0.81× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.0M | — | ||
| Q3 25 | $11.8M | $93.5M | ||
| Q2 25 | $854.0K | $102.7M | ||
| Q1 25 | $3.9M | $112.5M | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.6M | $133.1M | ||
| Q2 24 | $3.2M | $105.9M | ||
| 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 | $38.2M | — | ||
| Q3 25 | $29.9M | $108.8M | ||
| Q2 25 | $21.4M | $116.5M | ||
| Q1 25 | $32.8M | $128.6M | ||
| Q4 24 | $39.7M | — | ||
| Q3 24 | $34.4M | $147.0M | ||
| Q2 24 | $52.1M | $153.5M | ||
| Q1 24 | $45.5M | — |
| Q4 25 | $105.3M | — | ||
| Q3 25 | $93.7M | $136.7M | ||
| Q2 25 | $78.4M | $144.8M | ||
| Q1 25 | $91.3M | $154.6M | ||
| Q4 24 | $89.2M | — | ||
| Q3 24 | $110.8M | $171.9M | ||
| Q2 24 | $116.7M | $175.8M | ||
| Q1 24 | $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 | $-7.7M | $-4.7M |
| Free Cash FlowOCF − Capex | $-8.3M | $-4.9M |
| FCF MarginFCF / Revenue | -88.3% | -28.5% |
| Capex IntensityCapex / Revenue | 6.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-6.0M | $-4.7M | ||
| Q2 25 | $-1.2M | $-211.0K | ||
| Q1 25 | $-12.3M | $-7.6M | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.0M | $3.0M | ||
| Q2 24 | $-8.0M | $-225.0K | ||
| Q1 24 | $-20.5M | — |
| Q4 25 | $-8.3M | — | ||
| Q3 25 | $-6.3M | $-4.9M | ||
| Q2 25 | $-3.0M | $-330.0K | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.0M | $2.2M | ||
| Q2 24 | $-8.0M | $-460.0K | ||
| Q1 24 | $-20.5M | — |
| Q4 25 | -88.3% | — | ||
| Q3 25 | -46.5% | -28.5% | ||
| Q2 25 | -22.2% | -1.9% | ||
| Q1 25 | — | -47.3% | ||
| Q4 24 | -17.7% | — | ||
| Q3 24 | -24.2% | 14.0% | ||
| Q2 24 | -77.1% | -3.4% | ||
| Q1 24 | -209.8% | — |
| Q4 25 | 6.4% | — | ||
| Q3 25 | 2.3% | 1.6% | ||
| Q2 25 | 13.3% | 0.7% | ||
| Q1 25 | 0.0% | 2.1% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | 4.5% | ||
| Q2 24 | 0.0% | 1.7% | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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.
