Annual report [Section 13 and 15(d), not S-K Item 405]

Cover

v3.25.1
Cover - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Mar. 27, 2025
Jun. 28, 2024
Document Information [Line Items]        
Document Type 10-K      
Document Annual Report true      
Document Period End Date Dec. 31, 2024      
Current Fiscal Year End Date --12-31      
Document Transition Report false      
Entity File Number 001-39757      
Entity Registrant Name Velo3D, Inc.      
Entity Incorporation, State or Country Code DE      
Entity Tax Identification Number 98-1556965      
Entity Address, Address Line One 2710 Lakeview Court      
Entity Address, City or Town Fremont      
Entity Address, State or Province CA      
Entity Address, Postal Zip Code 94538      
City Area Code 408      
Local Phone Number 610-3915      
Entity Well-known Seasoned Issuer No      
Entity Voluntary Filers No      
Entity Current Reporting Status Yes      
Entity Interactive Data Current Yes      
Entity Filer Category Non-accelerated Filer      
Entity Small Business true      
Entity Emerging Growth Company true      
Entity Ex Transition Period false      
ICFR Auditor Attestation Flag false      
Document Financial Statement Error Correction [Flag] false      
Entity Shell Company false      
Entity Public Float       $ 28.6
Entity Common Stock, Shares Outstanding     210,232,762  
Documents Incorporated by Reference

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s definitive proxy statement for its 2025 Annual Meeting of Stockholders, or Proxy Statement, to be filed within 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K, are incorporated by reference in Part III. Except with respect to information specifically incorporated by reference in this Annual Report, the Proxy Statement shall not be deemed to be filed as part hereof.

     
Amendment Flag false      
Document Fiscal Year Focus 2024      
Document Fiscal Period Focus FY      
Entity Central Index Key 0001825079      
Auditor Firm ID 1596 238    
Auditor Name Frank, Rimerman + Co. LLP PricewaterhouseCoopers LLP    
Auditor Location San Francisco, California San Jose, California    
Auditor Opinion

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheet of Velo3D, Inc. and Subsidiaries (collectively, the “Company”) as of December 31, 2024, and the related consolidated statements of operations and comprehensive loss, stockholders’ equity, and cash flows, for the year then ended, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2024, and the results of their operations and their cash flows as of and for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Opinion on the Financial Statements

We have audited the consolidated balance sheet of Velo3D, Inc. and its subsidiaries (the "Company") as of December 31, 2023, and the related consolidated statements of operations and comprehensive income (loss), of stockholders' equity (deficit) and of cash flows for the year then ended, including the related notes (collectively referred to as the "consolidated financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

     
Common stock, par value $0.00001 per share        
Document Information [Line Items]        
Title of 12(g) Security Common stock, par value $0.00001 per share      
Warrants to purchase one share of common stock, each at an exercise price of $402.50 per share        
Document Information [Line Items]        
Title of 12(g) Security Warrants to purchase one share of common stock, each at an exercise price of $402.50 per share