Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 0

Company: Velo3D, Inc.
Filing Date: 2025-08-06
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)

    June 30,  
    December 31, 

    2025  
    2024 
  
    Assets 

    Current assets: 

    Cash and cash equivalents 
    $854  
    $1,212 
  
    Accounts receivable, net 
     5,394  
     3,723 
  
    Inventories, net 
     38,417  
     49,953 
  
    Contract assets 
     1,448  
     500 
  
    Prepaid expenses and other current assets 
     2,783  
     2,336 
  
    Total current assets 
     48,896  
     57,724 
  
    Property and equipment, net 
     15,201  
     14,270 
  
    Equipment subject to operating lease, net

     3,020  
     3,673 
  
    Other assets 
     11,441  
     13,513 
  
    Total assets 
    $78,558  
    $89,180 
  
    Liabilities and Stockholders’ Equity 

    Current liabilities: 

    Accounts payable 
    $14,853  
    $18,538 
  
    Accrued expenses and other current liabilities 
     4,263  
     3,511 
  
    Debt – current portion 
     16,913  
     5,666 
  
    Contract liabilities 
     6,712  
     10,285 
  
    Total current liabilities 
     42,741  
     38,000 
  
    Long-term debt – less current portion 
     5,562  
     — 
  
    Contingent earnout liabilities 
     11  
     11 
  
    Warrant liabilities 
     13  
     2,167 
  
    Other noncurrent liabilities 
     8,696  
     9,338 
  
    Total liabilities 
     57,023  
     49,516 
  
    Commitments and contingencies (Note 13) 
     -  
     - 
  
    Stockholders’ equity