Quick Answer
Velo3D, Inc. reported R&D Expense of $10.65 million for fiscal year 2025.
Velo3D, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $10.65M | -31.2% |
| 2024 | $15.48M | -63.2% |
| 2023 | $42.03M | -9.2% |
| 2022 | $46.27M | +71.3% |
| 2021 | $27.00M | +90.3% |
| 2020 | $14.19M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $3.04M | -31.5% | +6.9% |
| June 30, 2025 | $2.85M | -37.4% | +134.7% |
| March 31, 2025 | $1.21M | -76.0% | -72.7% |
| September 30, 2024 | $4.44M | -53.2% | -2.4% |
| June 30, 2024 | $4.54M | -62.9% | -9.9% |
| March 31, 2024 | $5.04M | -51.6% | -46.9% |
| September 30, 2023 | $9.49M | -24.4% | -22.5% |
| June 30, 2023 | $12.24M | -5.6% | +17.5% |
- Velo3D, Inc. showed a decrease of -31.2% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2025 period, Velo3D, Inc.’s r&d expense has declined by 24.9% (from $14.19 million to $10.65 million).
- The most recent figure is from Velo3D, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 31, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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