Company: VLDXW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0000950170-25-072604
Chunk: 0

Company: Velo3D, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Velo3D, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except share and per share data)

     March 31,

     December 31,

     2025

     2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     3,870

     $
     1,212

     Accounts receivable, net

     4,569

     3,723

     Inventories, net

     46,133

     49,953

     Contract assets

     1,295

     500

     Prepaid expenses and other current assets

     5,907

     2,336

     Total current assets

     61,774

     57,724

     Property and equipment, net

     13,691

     14,270

     Equipment on lease, net

     3,673

     3,673

     Other assets

     12,261

     13,513

     Total assets
      
     $
     91,399

     $
     89,180

     Liabilities and Stockholders’ Equity

     Current liabilities:

     Accounts payable
      
     $
     16,365

     $
     18,538

     Accrued expenses and other current liabilities

     3,762

     3,511

     Debt – current portion

     16,152

     5,666

     Contract liabilities

     7,614

     10,285

     Total current liabilities

     43,893

     38,000

     Long-term debt – less current portion

     5,506

     —

     Contingent earnout liabilities

     11

     11

     Warrant liabilities

     13

     2,167

     Other noncurrent liabilities

     9,094

     9,338

     Total liabilities

     58,517

     49,516

     Commitments and contingencies (Note 13)

     Stockholders’ equity:

     Common stock, $0.00001 par value - 500,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively, 210,232,762