Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 78

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 78
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 2024, respectively.

Cost of Revenue

The following table presents the Cost of Revenue
disaggregated by product and service type, as well as the percentage of total cost of revenue.

| Cost of Revenue           |     | Three Months Ended                     
 June 30,                               
 2025                                   
 (In thousands, except for percentages) |        |     |       |   |     | 2024 |        |     |       |   |     | Change |        |   |     | % |        |    |
|:--------------------------|:----|:---------------------------------------|-------:|:----|------:|:--|:----|:-----|-------:|:----|------:|:--|:----|:-------|-------:|:--|:----|:--|-------:|:---|
| Cost of 3D Printers       |     | $                                      | 13,994 |     |  92.3 | % |     | $    | 10,744 |     |  81.1 | % |     | $      |  3,250 |   |     |   |   30.2 | %  |
| Cost of Recurring Payment |     |                                        |      — |     |     — |   |     |      |    232 |     |   1.8 | % |     |        |   (232 | ) |     |   | (100.0 | )% |
| Cost of Support Services  |     |                                        |  1,166 |     |   7.7 | % |     |      |  2,265 |     |  17.1 | % |     |        | (1,099 | ) |     |   |  (48.5 | )% |
| Total Cost of Revenue     |     | $                                      | 15,160 |     | 100.0 | % |     | $    | 13,241 |     | 100.0 | % |     | $      |  1,919 |   |     |   |   14.5 | %  |

Total cost of revenue for the three months
ended June 30, 2025 and 2024 was $15.2 million and $13.2 million, respectively, an increase of $1.9 million, or 14.5%.

Cost of 3D Printers was