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Velo3D, Inc.（VELO）与Verastem, Inc.（VSTM）财务数据对比。点击上方公司名可切换其他公司
Verastem, Inc.的季度营收约是Velo3D, Inc.的1.2倍（$11.2M vs $9.4M），Velo3D, Inc.净利率更高（-231.9% vs -876.3%，领先644.4%）
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
Verastem, Inc.以Verastem Oncology品牌开展业务，是一家总部位于美国马萨诸塞州波士顿的制药企业，专注于开发抗癌治疗药物，该公司成立于波士顿，同时是纳斯达克生物技术指数成分股之一。
VELO vs VSTM — 直观对比
营收规模更大
VSTM
是对方的1.2倍
$9.4M
净利率更高
VELO
高出644.4%
-876.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.4M | $11.2M |
| 净利润 | $-21.9M | $-98.5M |
| 毛利率 | -73.6% | — |
| 营业利润率 | -231.0% | -362.2% |
| 净利率 | -231.9% | -876.3% |
| 营收同比 | -25.2% | — |
| 净利润同比 | -2.9% | -311.1% |
| 每股收益（稀释后） | $-0.87 | $-1.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收VELOVSTM
| Q4 25 | $9.4M | — | ||
| Q3 25 | $13.6M | $11.2M | ||
| Q2 25 | $13.6M | $2.1M | ||
| Q1 25 | $9.3M | — | ||
| Q4 24 | $12.6M | — | ||
| Q3 24 | $8.2M | $0 | ||
| Q2 24 | $10.3M | $10.0M | ||
| Q1 24 | $9.8M | — |
净利润VELOVSTM
| Q4 25 | $-21.9M | — | ||
| Q3 25 | $-11.2M | $-98.5M | ||
| Q2 25 | $-13.3M | $-25.9M | ||
| Q1 25 | $-25.0M | — | ||
| Q4 24 | $-21.3M | — | ||
| Q3 24 | $-21.9M | $-24.0M | ||
| Q2 24 | $935.0K | $-8.3M | ||
| Q1 24 | $-27.5M | — |
毛利率VELOVSTM
| Q4 25 | -73.6% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | -11.7% | — | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | 49.4% | — | ||
| Q2 24 | -28.0% | — | ||
| Q1 24 | -28.8% | — |
营业利润率VELOVSTM
| Q4 25 | -231.0% | — | ||
| Q3 25 | -73.3% | -362.2% | ||
| Q2 25 | -85.4% | -2047.9% | ||
| Q1 25 | -123.6% | — | ||
| Q4 24 | -167.0% | — | ||
| Q3 24 | -213.8% | — | ||
| Q2 24 | -187.7% | -182.8% | ||
| Q1 24 | -211.1% | — |
净利率VELOVSTM
| Q4 25 | -231.9% | — | ||
| Q3 25 | -82.0% | -876.3% | ||
| Q2 25 | -97.7% | -1213.6% | ||
| Q1 25 | -268.4% | — | ||
| Q4 24 | -168.5% | — | ||
| Q3 24 | -265.3% | — | ||
| Q2 24 | 9.0% | -82.6% | ||
| Q1 24 | -281.2% | — |
每股收益（稀释后）VELOVSTM
| Q4 25 | $-0.87 | — | ||
| Q3 25 | $-0.65 | $-1.35 | ||
| Q2 25 | $-0.94 | $-0.62 | ||
| Q1 25 | $-1.87 | — | ||
| Q4 24 | $7.06 | — | ||
| Q3 24 | $-35.52 | $-0.60 | ||
| Q2 24 | $1.65 | $-0.31 | ||
| Q1 24 | $-55.51 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $39.0M | $137.7M |
| 总债务越低越好 | $31.0M | — |
| 股东权益账面价值 | $38.2M | $-15.5M |
| 总资产 | $105.3M | $176.9M |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资VELOVSTM
| Q4 25 | $39.0M | — | ||
| Q3 25 | $11.8M | $137.7M | ||
| Q2 25 | $854.0K | $164.3M | ||
| Q1 25 | $3.9M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.6M | $113.2M | ||
| Q2 24 | $3.2M | $83.4M | ||
| Q1 24 | $10.9M | — |
总债务VELOVSTM
| Q4 25 | $31.0M | — | ||
| Q3 25 | $23.0M | — | ||
| Q2 25 | $22.5M | — | ||
| Q1 25 | $21.7M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $32.3M | $40.5M | ||
| Q2 24 | $33.5M | $40.3M | ||
| Q1 24 | $44.0M | — |
股东权益VELOVSTM
| Q4 25 | $38.2M | — | ||
| Q3 25 | $29.9M | $-15.5M | ||
| Q2 25 | $21.4M | $36.1M | ||
| Q1 25 | $32.8M | — | ||
| Q4 24 | $39.7M | — | ||
| Q3 24 | $34.4M | $11.1M | ||
| Q2 24 | $52.1M | $18.9M | ||
| Q1 24 | $45.5M | — |
总资产VELOVSTM
| Q4 25 | $105.3M | — | ||
| Q3 25 | $93.7M | $176.9M | ||
| Q2 25 | $78.4M | $196.3M | ||
| Q1 25 | $91.3M | — | ||
| Q4 24 | $89.2M | — | ||
| Q3 24 | $110.8M | $126.4M | ||
| Q2 24 | $116.7M | $105.7M | ||
| Q1 24 | $136.1M | — |
负债/权益比VELOVSTM
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.94× | 3.66× | ||
| Q2 24 | 0.64× | 2.14× | ||
| Q1 24 | 0.97× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-7.7M | $-36.2M |
| 自由现金流经营现金流 - 资本支出 | $-8.3M | — |
| 自由现金流率自由现金流/营收 | -88.3% | — |
| 资本支出强度资本支出/营收 | 6.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流VELOVSTM
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-6.0M | $-36.2M | ||
| Q2 25 | $-1.2M | $-32.7M | ||
| Q1 25 | $-12.3M | — | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.0M | $-23.8M | ||
| Q2 24 | $-8.0M | $-27.6M | ||
| Q1 24 | $-20.5M | — |
自由现金流VELOVSTM
| Q4 25 | $-8.3M | — | ||
| Q3 25 | $-6.3M | — | ||
| Q2 25 | $-3.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.0M | — | ||
| Q2 24 | $-8.0M | $-27.6M | ||
| Q1 24 | $-20.5M | — |
自由现金流率VELOVSTM
| Q4 25 | -88.3% | — | ||
| Q3 25 | -46.5% | — | ||
| Q2 25 | -22.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -17.7% | — | ||
| Q3 24 | -24.2% | — | ||
| Q2 24 | -77.1% | -275.8% | ||
| Q1 24 | -209.8% | — |
资本支出强度VELOVSTM
| Q4 25 | 6.4% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 13.3% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | 0.1% | ||
| Q1 24 | 0.1% | — |
现金转化率VELOVSTM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -8.52× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
